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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 - Gpt-5.6Sol)
Rating:42Neutral
Price Target:
₹0.57
▼(-59.86% Downside)
Action:Reiterated
Date:09/08/26
The score is driven primarily by weak and highly variable financial performance (sharp revenue decline and negative operating profitability) and bearish technical momentum (below major moving averages with negative MACD). A very low-debt balance sheet provides some stability, but a high P/E and no stated dividend yield limit valuation support.
Positive Factors
Very low leverage
A minimally levered balance sheet reduces solvency and refinancing pressure, preserving financial flexibility through a weak operating period. Low debt can also leave the company better positioned to fund recovery initiatives or withstand volatility without a large interest burden.
Negative Factors
Sharp revenue contraction
A revenue decline of roughly 55% signals substantial deterioration in business activity and weak demand or execution across the reported period. Such a sharp contraction reduces operating scale, makes fixed costs harder to absorb, and weakens the foundation for consistent earnings over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
A minimally levered balance sheet reduces solvency and refinancing pressure, preserving financial flexibility through a weak operating period. Low debt can also leave the company better positioned to fund recovery initiatives or withstand volatility without a large interest burden.
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 financials are weak and inconsistent. The latest year shows a sharp revenue drop (~55% YoY) and strongly negative operating profitability, while cash flow has been volatile with multiple negative operating cash flow years and unusual outliers. The main offsetting positive is a conservatively levered balance sheet with minimal debt, which reduces financial risk but has not translated into stable returns.
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
0.74
Negative
100DMA
0.82
Negative
200DMA
1.02
Negative
Market Momentum
MACD
-0.05
Positive
RSI
17.76
Positive
STOCH
8.89
Positive
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 0.68, above the 50-day MA of 0.74, and above the 200-day MA of 1.02, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 17.76 is Positive, neither overbought nor oversold. The STOCH value of 8.89 is Positive, 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
72
Outperform
₹28.86B10.325.04%8.87%2.96%
68
Neutral
₹51.96B22.191.65%21.02%-44.88%
68
Neutral
₹77.70B18.640.63%21.24%3.73%
65
Neutral
₹126.93B92.49-26.59%-22.41%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
42
Neutral
₹789.99M55.742.20%-92.01%1066.67%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:EXCEL
Excel Realty N Infra Ltd
0.56
-1.13
-66.86%
IN:BALMLAWRIE
Balmer Lawrie & Co. Ltd.
168.75
-47.51
-21.97%
IN:JSWHL
JSW Holdings Limited
11,435.95
-7,159.00
-38.50%
IN:MSTCLTD
MSTC Ltd.
738.05
207.66
39.15%
IN:NESCO
NESCO Limited
1,102.75
-402.25
-26.73%
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: Sep 08, 2026