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Excel Realty N Infra Ltd (IN:EXCEL)
:EXCEL
India Market
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Excel Realty N Infra Ltd (EXCEL) AI Stock Analysis

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IN:EXCEL

Excel Realty N Infra Ltd

(EXCEL)

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Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
₹0.80
▼(-43.48% Downside)
Action:Reiterated
Date:07/28/26
The score is held down primarily by weak and highly variable operating performance (sharp FY2026 revenue decline and negative operating profitability) and inconsistent cash-flow quality. Technicals also indicate a broader downtrend (below the 100- and 200-day averages). A low-leverage balance sheet is the main stabilizing factor, but valuation remains unattractive given the high P/E and no stated dividend yield.
Positive Factors
Conservative balance sheet / very low leverage
Very low debt relative to equity reduces financial risk and preserves strategic optionality. Over a multi-month horizon this conservatism supports the company's ability to weather downturns, fund necessary operations or opportunistic investments without forcing dilutive financing.
Negative Factors
Sharp FY2026 revenue decline
A severe ~55% revenue drop signals structural demand loss or contract attrition that weakens the business base. Over 2-6 months this reduces scale, damages operating leverage, and makes recovery dependent on regaining consistent customers or diversifying revenue sources.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
Very low debt relative to equity reduces financial risk and preserves strategic optionality. Over a multi-month horizon this conservatism supports the company's ability to weather downturns, fund necessary operations or opportunistic investments without forcing dilutive financing.
Read all positive factors

Excel Realty N Infra Ltd (EXCEL) vs. iShares MSCI India ETF (INDA)

Excel Realty N Infra Ltd Business Overview & Revenue Model

Company Description
Excel Realty N Infra Limited is an Indian company with diverse operations spanning infrastructure development, information technology (IT) services, business process outsourcing (BPO), and general trading. Its business is structured across three m...
How the Company Makes Money
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Excel Realty N Infra Ltd Financial Statement Overview

Summary
Overall fundamentals are weak and inconsistent. The income statement shows a sharp FY2026 revenue decline (~55% YoY) and strongly negative operating profitability (negative gross profit and EBIT/EBITDA). The balance sheet is a key positive with minimal leverage, but returns on equity are near zero/occasionally negative. Cash flow is volatile with multiple negative operating cash flow years and outlier behavior, despite a strong rebound in FY2026.
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
41
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue163.48M72.98M136.27M25.77M65.55M87.46M
Gross Profit552.00K-5.74M54.56M-4.29M2.78M3.39M
EBITDA4.61M-36.91M9.42M13.35M-31.93M-36.10M
Net Income1.51M9.39M6.91M9.68M-3.34M-39.46M
Balance Sheet
Total Assets1.78B1.78B1.78B1.76B1.78B1.79B
Cash, Cash Equivalents and Short-Term Investments37.46M34.39M15.17M23.27M60.85M17.92M
Total Debt8.62M7.78M9.43M396.50K1.04M2.88M
Total Liabilities28.93M29.38M44.42M33.45M64.54M107.22M
Stockholders Equity1.75B1.75B1.73B1.72B1.71B1.68B
Cash Flow
Free Cash Flow6.09B0.00-68.02M-71.19M45.65B7.28M
Operating Cash Flow6.09B99.84M-59.19M-71.19M45.65B7.28M
Investing Cash Flow-3.78B-78.98M42.21M34.40M-411.34M-447.48K
Financing Cash Flow-81.03M-1.65M8.89M-786.37K-2.18M-2.61M

Excel Realty N Infra Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.41
Price Trends
50DMA
0.83
Negative
100DMA
0.91
Negative
200DMA
1.12
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
48.45
Neutral
STOCH
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EXCEL, the sentiment is Negative. The current price of 1.41 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.83, and above the 200-day MA of 1.12, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.45 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EXCEL.

Excel Realty N Infra Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
₹29.48B10.647.24%8.00%4.05%
72
Outperform
₹75.09B18.010.69%21.24%3.73%
68
Neutral
₹43.53B19.922.01%-14.32%-50.87%
62
Neutral
₹124.89B85.18-27.63%-25.11%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
42
Neutral
₹1.14B55.74-46.44%226.53%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:EXCEL
Excel Realty N Infra Ltd
0.80
-0.34
-29.82%
IN:BALMLAWRIE
Balmer Lawrie & Co. Ltd.
176.70
-19.10
-9.75%
IN:JSWHL
JSW Holdings Limited
12,051.10
-6,107.20
-33.63%
IN:MSTCLTD
MSTC Ltd.
606.05
135.01
28.66%
IN:NESCO
NESCO Limited
1,043.70
-325.18
-23.76%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 28, 2026