Auto Components
Valuation | |
|---|---|
| Market Cap | 29.03 kCr |
| Price/Earnings (Trailing) | 45.96 |
| Price/Sales (Trailing) | 1.64 |
| EV/EBITDA | 15.52 |
| Price/Free Cashflow | -49.99 |
| MarketCap/EBT | 24 |
| Enterprise Value | 30.1 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 6.3% |
| Price Change 1M | -7% |
| Price Change 6M | -9.1% |
| Price Change 1Y | -10.2% |
| 3Y Cumulative Return | 23.8% |
| 5Y Cumulative Return | 10.9% |
| 7Y Cumulative Return | 6.6% |
| 10Y Cumulative Return | 10.6% |
| Revenue (TTM) |
| 17.74 kCr |
| Rev. Growth (Yr) | 4.6% |
| Earnings (TTM) | 831.1 Cr |
| Earnings Growth (Yr) | 23.1% |
Profitability | |
|---|---|
| Operating Margin | 7% |
| EBT Margin | 7% |
| Return on Equity | 5.64% |
| Return on Assets | 3.81% |
| Free Cashflow Yield | -2% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -1.93 kCr |
| Cash Flow from Operations (TTM) | 1.27 kCr |
| Cash Flow from Financing (TTM) | 514.62 Cr |
| Cash & Equivalents | 119.62 Cr |
| Free Cash Flow (TTM) | -675.82 Cr |
| Free Cash Flow/Share (TTM) | -7.95 |
Balance Sheet | |
|---|---|
| Total Assets | 21.82 kCr |
| Total Liabilities | 7.07 kCr |
| Shareholder Equity | 14.75 kCr |
| Current Assets | 6.67 kCr |
| Current Liabilities | 5.46 kCr |
| Net PPE | 3.77 kCr |
| Inventory | 3.89 kCr |
| Goodwill | 45.82 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.05 |
| Debt/Equity | 0.08 |
| Interest Coverage | 8.16 |
| Interest/Cashflow Ops | 9.18 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.62% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 23.8% return compared to 12.8% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money has been increasing their position in the stock.
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 23.8% return compared to 12.8% by NIFTY 50.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.62% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 7.43 |
Financial Health | |
|---|---|
| Current Ratio | 1.22 |
| Debt/Equity | 0.08 |
Technical Indicators | |
|---|---|
| RSI (14d) | 31.89 |
| RSI (5d) | 72.95 |
| RSI (21d) | 24.52 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Buy |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Updated May 5, 2025
Exide Industries has seen a yearly decline of -14.74% and a -7.14% drop over the past 5 days.
The stock has dropped significantly with a 1-day return of -4.88% and a yearly decline of -26.32%.
Mutual Fund and Foreign Institutional Investor holdings have decreased to 12.37% and 11.72% respectively.
Summary of Exide Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q2 FY 2025-26 earnings call, Exide Industries provided a positive outlook for its operating environment, backed by recent GST reforms, which reduced tax rates on batteries from 28% to 18%. This is anticipated to stimulate demand across various segments. Management reported a 7% growth in 88% of its business, with aftermarket, automotive, solar, and Industrial UPS being key contributors. However, a 2.1% decline in Q2, following a strong Q1 growth of 5%, led to an overall growth of 1.3% in H1.
Management highlighted a cash flow generation exceeding INR 500 crores due to effective working capital management, despite a notable decline in some areas such as telecom and exports amid a weaker demand scenario. Operational improvements and cost efficiency initiatives are expected to yield operational benefits going forward. The company anticipates a positive rebound in Q3 and has observed improving retail data with 11% growth in passenger vehicles in October and an impressive 52% growth in retail sales of two-wheelers.
For the lithium-ion cell manufacturing project, management has invested INR 580 crores, bringing total investments in the subsidiary Exide Energy to approximately INR 3,947 crores. Production is expected to commence towards the end of FY '26, with equipment installation nearing completion.
Management aims to see margin recovery to levels between 12% to 13% in coming quarters, contingent on the stabilization of lead prices and volume growth. They remain optimistic about the broader automotive market's recovery and sustained growth in aftermarket demand over the next two years following recent GST reductions. Exide's strong balance sheet, characterized by zero debt and robust cash flow, enhances its capacity to navigate the current economic climate.
Understand Exide Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Chloride Eastern Limited | 45.99% |
| Life Insurance Corporation Of India | 5.95% |
| Citibank N.A. | 0% |
Distribution across major stakeholders
Detailed comparison of Exide Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| TATACHEM | Tata Chemicals | 18.28 kCr | 14.97 kCr | -3.90% | -21.90% | 49.93 | 1.22 | - | - |
| EVEREADY | Eveready Industries India | 2.41 kCr |
Comprehensive comparison against sector averages
EXIDEIND metrics compared to Auto
| Category | EXIDEIND | Auto |
|---|---|---|
| PE | 44.15 | 40.65 |
| PS | 1.57 | 2.27 |
| Growth | 3.4 % | 8 % |
Exide Industries is a prominent player in the Auto Components & Equipments sector, recognized under the stock ticker EXIDEIND. The company boasts a substantial market capitalization of Rs. 32,070.5 Crores.
Exide Industries Limited specializes in the design, manufacture, marketing, and sale of lead acid storage batteries, serving both domestic and international markets. The company operates through two main segments: Automotive and Industrial. It provides a wide range of products, including:
Furthermore, Exide Industries is involved in the recycling of lead and lead alloys, the production of lithium-ion batteries, and the distribution of industrial battery chargers and rectifiers. The company is also engaged in energy storage solutions and non-conventional energy business, offering expertise in equipment selection, battery sizing, room layout, installation, and maintenance.
Exide's products are marketed under various brand names, including Exide, Index, Dynex, SF Sonic, Black Panther, Nexcharge, Chloride, and CEIL. These products cater to sectors such as power, solar, railways, telecom, and UPS projects.
Founded in 1916 and headquartered in Kolkata, India, Exide Industries was originally known as Chloride Industries Ltd. and rebranded in August 1995. The company has reported a trailing 12 months revenue of Rs. 17,149.7 Crores and has experienced revenue growth of 5.6% over the past three years.
Investors benefit from Exide Industries' commitment to returning capital through dividends, with a yield of 1.05% per year, having paid Rs. 4 per share in the last 12 months.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
EXIDEIND vs Auto (2021 - 2026)
Exide Industries' share price has increased by 0.98% today, reaching Rs 355.25.
Analyst / Investor Meet • 03 Feb 2026 Please find enclosed audio recording of the Investor/Analyst meet held today i.e 3rd February 2026. |
Investor Presentation • 02 Feb 2026 Please find enclosed Investor Presentation w.r.t Investor/Analyst meet scheduled be held on 3rd February 2026. |
Press Release / Media Release • 30 Jan 2026 Please find enclosed letter w.r.t to Press Release for Q3 FY 2026, Revenue grew 4.7% on YoY basis and PBT grew 5.6% buoyed by strong growth in replacement and auto OEM market. |
Acquisition • 28 Jan 2026 Please find enclosed letter w.r.t. further investment in wholly owned subsidiary of the Company, Exide Energy Solutions Limited. |
Analyst / Investor Meet • 28 Jan 2026 Please find enclosed intimation of Earnings Call for Q3 FY 2025-26. |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Here are the major questions asked during the Q&A section of the earnings call, along with detailed answers:
Question: "Could you please provide a sense who are going to be the eventual customers for the lithium-ion business?"
Answer: We will start with our first line for 2-wheeler applications, specifically with cylindrical cells. We're currently talking to large OEMs who will be our initial customers, but I cannot name them at this moment. Process stabilization is ongoing, and once validated, samples will be sent for their approval.
Question: "Why was there a sharp production cut this quarter?"
Answer: The production cut was a conscious decision influenced by de-stocking by distributors after the GST rate cuts. This led to deferred purchases. Despite mixed growth across segments, we anticipate Q3 to rebound due to pent-up demand, especially in sectors heavily impacted in Q2, like solar and inverter batteries.
Question: "How will pricing work for the lithium-ion cells?"
Answer: Our pricing will depend on negotiations with customers and will consider both cost-plus and import parity pricing. We're optimistic about the value of locally manufactured cells versus imports, especially due to geopolitical uncertainties.
Question: "Do you expect the aftermarket growth to be strong going forward?"
Answer: Yes, our replacement market growth for H1 was robust, with both 4-wheeler and 2-wheeler aftermarket growth. Following the GST rate cuts, we expect a resurgence in OEM demand, which should boost aftermarket sales in the coming years.
Question: "Will the replacement cycle for lithium-ion batteries be longer than lead-acid batteries?"
Answer: Generally, lithium-ion batteries exhibit longer lifespans. For passenger and commercial vehicles, it's primarily an OEM business. However, there might be aftermarket opportunities in 2- and 3-wheelers due to their usage patterns.
Question: "Can you comment on the solar business outlook, particularly under PM Surya Ghar Yojana?"
Answer: The solar market is ramping up driven by regulations and reduced GST. We have plans to exceed INR 1,000 crores in solar revenues this year, focusing on both residential and commercial markets through existing battery channels to maximize reach and sales.
Question: "What is the expectation for margins going back to previous levels?"
Answer: Although current margins are under pressure due to high lead prices, we aim to return to the previous range of 12-13% as demand recovers. Cost efficiency measures and technology upgrades should help improve our margins moving forward.
Question: "What are the challenges from recent restrictions on rare earth materials for your lithium-ion plans?"
Answer: We are well-prepared, having secured our machinery and know-how prior to recent announcements. The material import restrictions have been delayed until November '26, allowing us to continue operations without immediate concerns. We are optimistic about meeting future demands.
Distribution across major institutional holders
| 1.4 kCr |
| -0.20% |
| -5.40% |
| 52.62 |
| 1.73 |
| - |
| - |
| NIPPOBATRY | Indo National | 282.26 Cr | 466.51 Cr | -4.80% | -23.00% | -29.47 | 0.61 | - | - |
| -5.8% |
| 3,923 |
| 4,165 |
| 4,338 |
| 4,090 |
| 3,791 |
| 4,158 |
| Profit Before exceptional items and Tax | 15.9% | 293 | 253 | 385 | 289 | 238 | 333 |
| Exceptional items before tax | - | -10.38 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | 11.9% | 283 | 253 | 385 | 289 | 238 | 333 |
| Current tax | 14.1% | 98 | 86 | 118 | 89 | 92 | 109 |
| Deferred tax | -46.9% | -10.27 | -6.67 | -7.44 | 12 | -12.79 | -10.5 |
| Total tax | 10.1% | 88 | 80 | 110 | 102 | 80 | 99 |
| Total profit (loss) for period | 12.1% | 195 | 174 | 275 | 188 | 158 | 233 |
| Other comp. income net of taxes | 89% | -46.53 | -430.51 | 967 | 505 | -760.07 | 955 |
| Total Comprehensive Income | 157% | 148 | -256.87 | 1,241 | 693 | -601.63 | 1,188 |
| Earnings Per Share, Basic | -198% | 0 | 2.02 | 3.21 | 2.2 | 1.84 | 2.72 |
| Earnings Per Share, Diluted | -198% | 0 | 2.02 | 3.21 | 2.2 | 1.84 | 2.72 |
| 7.4% |
| 1,056 |
| 983 |
| 872 |
| 789 |
| 722 |
| 666 |
| Finance costs | -10.4% | 44 | 49 | 30 | 38 | 24 | 9.4 |
| Depreciation and Amortization | 1.4% | 504 | 497 | 456 | 413 | 379 | 363 |
| Other expenses | 6.8% | 2,250 | 2,107 | 1,953 | 1,622 | 1,384 | 1,559 |
| Total Expenses | 3.7% | 15,243 | 14,704 | 13,509 | 11,437 | 9,088 | 8,864 |
| Profit Before exceptional items and Tax | 2.2% | 1,441 | 1,410 | 1,215 | 1,025 | 1,018 | 1,057 |
| Exceptional items before tax | - | 0 | 0 | 0 | 4,694 | 0 | -21.7 |
| Total profit before tax | 2.2% | 1,441 | 1,410 | 1,215 | 5,719 | 1,018 | 1,035 |
| Current tax | 0.3% | 387 | 386 | 324 | 1,073 | 286 | 281 |
| Deferred tax | 23.7% | -22.23 | -29.45 | -12.2 | -37.5 | -26.16 | -71.24 |
| Total tax | 2.2% | 365 | 357 | 311 | 1,035 | 260 | 210 |
| Total profit (loss) for period | 2.3% | 1,077 | 1,053 | 904 | 4,684 | 758 | 826 |
| Other comp. income net of taxes | -62% | 398 | 1,045 | -291.98 | -801.46 | 9.12 | -17.78 |
| Total Comprehensive Income | -29.7% | 1,475 | 2,097 | 612 | 3,882 | 767 | 808 |
| Earnings Per Share, Basic | 2.5% | 12.67 | 12.39 | 10.63 | 55.1 | 8.92 | 9.71 |
| Earnings Per Share, Diluted | 2.5% | 12.67 | 12.39 | 10.63 | 55.1 | 8.92 | 9.71 |
| -2.2% |
| 2,797 |
| 2,861 |
| 2,817 |
| 2,846 |
| 2,916 |
| 2,825 |
| Capital work-in-progress | -2.9% | 134 | 138 | 231 | 202 | 90 | 101 |
| Investment property | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-current investments | 12% | 11,009 | 9,831 | 9,573 | 8,370 | 7,388 | 5,788 |
| Loans, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial assets | 12% | 11,034 | 9,855 | 9,597 | 8,392 | 7,410 | 5,809 |
| Total non-current assets | 8.7% | 14,024 | 12,900 | 12,708 | 11,548 | 10,519 | 8,936 |
| Total assets | 4% | 19,581 | 18,819 | 18,273 | 16,866 | 16,062 | 14,051 |
| Total non-current financial liabilities | -1% | 385 | 389 | 395 | 398 | 402 | 13 |
| Provisions, non-current | 5.4% | 79 | 75 | 66 | 60 | 62 | 58 |
| Total non-current liabilities | 15.2% | 547 | 475 | 522 | 470 | 472 | 342 |
| Total current financial liabilities | -3.9% | 3,078 | 3,203 | 2,925 | 2,694 | 2,436 | 1,899 |
| Provisions, current | 5.3% | 415 | 394 | 352 | 318 | 294 | 280 |
| Current tax liabilities | - | 7.14 | - | 28 | - | 0 | 0 |
| Total current liabilities | -5.4% | 3,692 | 3,902 | 3,555 | 3,259 | 2,951 | 2,499 |
| Total liabilities | -3.1% | 4,240 | 4,377 | 4,077 | 3,729 | 3,423 | 2,841 |
| Equity share capital | 0% | 85 | 85 | 85 | 85 | 85 | 85 |
| Total equity | 6.2% | 15,341 | 14,442 | 14,196 | 13,137 | 12,639 | 11,210 |
| Total equity and liabilities | 4% | 19,581 | 18,819 | 18,273 | 16,866 | 16,062 | 14,051 |
| 0.5% |
| 373 |
| 371 |
| 321 |
| 1,048 |
| - |
| - |
| Net Cashflows From Operating Activities | -35% | 1,298 | 1,997 | 848 | 12 | - | - |
| Cashflows used in obtaining control of subsidiaries | -28.8% | 1,000 | 1,405 | 797 | 98 | - | - |
| Proceeds from sales of PPE | 225.9% | 17 | 5.91 | 22 | 1.2 | - | - |
| Purchase of property, plant and equipment | -10% | 441 | 490 | 372 | 582 | - | - |
| Proceeds from sales of investment property | - | 0 | 0 | 28 | 0 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 100 | 0 | 0 | 0 | - | - |
| Dividends received | -5.3% | 19 | 20 | 20 | 12 | - | - |
| Interest received | 1150% | 2 | 1.08 | 0.66 | 0.76 | - | - |
| Other inflows (outflows) of cash | - | 0 | 0 | 2.8 | 2.83 | - | - |
| Net Cashflows From Investing Activities | 27% | -1,180.25 | -1,617.15 | -887.79 | 273 | - | - |
| Repayments of borrowings | - | 0 | 0 | 10 | 0 | - | - |
| Payments of lease liabilities | -18.9% | 44 | 54 | 31 | 30 | - | - |
| Dividends paid | 0% | 170 | 170 | 0 | 170 | - | - |
| Interest paid | 76.1% | 10 | 6.11 | 5.51 | 14 | - | - |
| Net Cashflows from Financing Activities | 2.7% | -223.85 | -230.05 | -46.08 | -214.26 | - | - |
| Net change in cash and cash eq. | -172.4% | -106.18 | 149 | -85.5 | 71 | - | - |
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 05 Jan 2026 Please find enclosed certificate under Reg 74(5) of SEBI (DP) Regulations, 2018. |