Exide Industries
Exide Industries Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Exide Industries Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Exide Industries Ltd trades at a P/E of 39.18× and P/B of 2.40×.
Valuation
Profitability
Growth
Financial Health
Exide Industries Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Exide Industries Ltd, switchable between annual and quarterly views, consolidated or standalone.
Exide Industries Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹33,035.25 Cr and reported EPS of ₹10.03.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 14,721 | 14,471 | 15,297 | 12,789 | 15,078 | 16,770 | 17,238 | 17,995 |
| Other Income | 40 | 62 | 70 | 62 | 125 | 90 | 113 | 101 |
| Total Income | 14,761 | 14,533 | 15,367 | 12,851 | 15,203 | 16,860 | 17,351 | 18,096 |
| Cost of Goods Sold (COGS) | 7,073 | 6,403 | 6,687 | 8,677 | 10,353 | 11,398 | 11,597 | 12,192 |
| Gross Profit | 7,648 | 8,069 | 8,609 | 4,112 | 4,725 | 5,372 | 5,640 | 5,803 |
| +Operating Expenses | 6,097 | 6,623 | 7,029 | 2,713 | 3,136 | 3,555 | 3,842 | 3,933 |
| EBITDA | 1,551 | 1,446 | 1,580 | 1,400 | 1,589 | 1,817 | 1,798 | 1,870 |
| +Non-Operating Expenses | 559 | 492 | 576 | 500 | 576 | 676 | 735 | 702 |
| Profit Before Tax (PBT) | 1,249 | 972 | 1,075 | 961 | 1,137 | 1,231 | 1,175 | 1,248 |
| +Tax Expense | 402 | 209 | 271 | 266 | 315 | 348 | 375 | 389 |
| Profit After Tax (PAT) | 847 | 762 | 803 | 4,357 | 823 | 883 | 801 | 860 |
| Earnings Per Share (EPS) | 9.95 | 9.14 | 9.53 | 51.38 | 9.68 | 10.31 | 9.35 | 10.05 |
| Diluted Shares Outstanding (Nos.) | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 |
| +Additional Disclosures | 20,772 | 20,013 | 21,143 | 23,481 | 24,135 | 28,081 | 28,181 | 28,343 |
| Sales Growth % | — | -1.70 | 5.71 | -16.39 | 17.90 | 11.22 | 2.79 | 4.39 |
| YoY Sales Growth % | — | -1.70 | 5.71 | -16.39 | 17.90 | 11.22 | 2.79 | 4.39 |
| Material Cost % | 48 | 45 | 43 | 69 | 70 | 68 | 68 | 68 |
| Employee Cost % | 7 | 8 | 7 | 7 | 7 | 7 | 8 | 8 |
| Other Cost % | 34 | 38 | 39 | 14 | 14 | 14 | 15 | 14 |
| OPM % | 11 | 10 | 10 | 11 | 11 | 11 | 10 | 10 |
| Tax % | 32 | 22 | 25 | 28 | 28 | 28 | 32 | 31 |
| Profit Growth % | — | -10.02 | 5.33 | 442.50 | -81.12 | 7.30 | -9.32 | 7.42 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 1,208 | 1,028 | 1,147 | 960 | 1,086 | 1,257 | 1,216 | 1,282 |
Exide Industries segment analysis: revenue and profit mix.
Disclosed business segments at Exide Industries with their share of revenue and profit, switchable between consolidated and standalone reporting.
Exide Industries discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Exide Industries Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Exide Industries Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Exide Industries Ltd's investment case rests on 7 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
Exide Industries boasts a substantial ₹32695 crore market capitalization, showcasing significant scale and investor confidence within the auto components sector. This substantial size contributes to the company's overall stability and resilience against market fluctuations.
The company demonstrates strong quarterly profit growth of 24%, indicating robust operational efficiency and positive market demand. This growth, coupled with a 5.85% increase in quarterly sales, paints a promising financial picture for the company's future.
Despite a relatively high P/E ratio of 38.60, Exide Industries maintains a healthy financial structure with a manageable debt-to-equity ratio of 0.14. This suggests a lower risk of insolvency compared to its higher-debt competitors in the industry.
Promoter holding remains stable at 45.99% across recent periods, reflecting consistent confidence from the core management in the company's long-term prospects and strategic direction. This stability can reassure investors about leadership commitment.
The global automotive industry's accelerating shift towards Electric Vehicles (EVs) presents a significant growth opportunity for Exide Industries to expand into advanced battery technologies like Li-ion, diversifying its product portfolio.
What can break it.
Exide Industries' return on equity (ROE) stands at a relatively low 5.74%, indicating potential inefficiencies in capital utilization or challenges in maximizing shareholder returns. This low ROE warrants further investigation into the company's operational strategies.
The company's stock price has shown considerable volatility, with a 52-week high of ₹475.00 and a low of ₹328.00. This significant price fluctuation presents considerable market risk for investors and requires careful consideration.
While exhibiting positive quarterly profit growth, Exide Industries' absolute profit after tax of ₹848 crore is not exceptionally high relative to its market capitalization. This suggests potential limitations in overall profitability and growth potential.
Exide Industries exhibits a relatively low Return on Capital Employed (ROCE) of 8.65%, which is notably below most of its industry peers. This suggests potential inefficiencies in capital allocation and operational profitability compared to competitors.
Intense competition from both domestic and international players in the battery market could lead to pricing pressures and erosion of market share, potentially impacting Exide Industries' profitability and growth.
What would change my mind.
Trim if P/E re-rates above 51. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 11.81. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Exide Industries Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Exide Industries Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Exide Industries Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Exide Industries Ltd — derived from the live tape, not yesterday's close.
Exide Industries Ltd last traded at ₹388.55 with an intraday range of ₹387.3–₹398.5 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹388.55| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 418.00 | +29.45 | +7.58% |
| R3 | 406.80 | +18.25 | +4.70% |
| R2 | 402.65 | +14.10 | +3.63% |
| R1 | 395.60 | +7.05 | +1.81% |
| PIVOT | 391.45 | 2.90 | 0.75% |
| CURRENT | 388.55 | — | — |
| S1 | 362.00 | -26.55 | -6.83% |
| S2 | 373.20 | -15.35 | -3.95% |
| S3 | 380.25 | -8.30 | -2.14% |
| S4 | 384.40 | -4.15 | -1.07% |
EXIDEIND is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 394.85 ~ 398.5
Trading Below opening range, showing Bearishness
Exide Industries Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Exide Industries Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Exide Industries Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Exide Industries Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Exide Industries Ltd stood at 42.1% of traded volume, against a 20-day average of 39.6%.
Exide Industries announcements: results, concalls, ratings, M&A.
Filings Exide Industries sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Exide Industries files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 103 documents below.
Copy of Newspaper Publication
Exide Industries Limited has informed the Exchange about Copy of Newspaper Publication w.r.t notice of transfer of equity shares of the Company to…
Copy of Newspaper Publication
Exide Industries Limited has informed the Exchange about Copy of Newspaper Publication w.r.t 79th AGM of the Company and Intimation of Tax deduction…
Trading Window
Exide Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading)…
Updates
Exide Industries Limited has informed the Exchange regarding merger of CB Management Services Private Limited, the Registrar and Share Transfer Agent…
Copy of Newspaper Publication
Exide Industries Limited has informed the Exchange about Copy of Newspaper Publication w.r.t relodgement of transfer requests of physical shares.
Investor decks & rating reports.
Exide Industries dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Exide Industries has declared, sequenced by announce and record date.
Exide Industries corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Exide Industries Ltd: business, sector, key facts.
What Exide Industries Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Exide Industries Ltd operates in the Consumer Cyclical, listed as NSE: EXIDEIND, BSE: 500086.
Exide Industries Limited is a major player in the design, manufacture, marketing, and sale of lead-acid storage batteries, both domestically within India and internationally. The company's operations are primarily structured around two segments: Automotive and Industrial. This encompasses a broad range of battery applications, demonstrating a diverse product portfolio designed to cater to various market needs.
The company's product line is extensive, including automotive batteries, industrial batteries, batteries for gensets (generators), solar power systems, inverters, and uninterruptible power supplies (UPS) for institutional and home use. They also manufacture batteries for submarines and e-rickshaws, showcasing their capability to serve niche and specialized markets. Beyond batteries, Exide Industries offers a comprehensive range of supporting products and services, including recycled lead and lead alloys, lithium-ion batteries, battery chargers and rectifiers, and parts.
Furthermore, Exide Industries provides integrated energy storage solutions and engages in the non-conventional energy sector. Their expertise extends beyond mere product provision; they offer comprehensive solutions encompassing equipment selection, battery sizing, optimal room layout, installation, operation, and maintenance. This holistic approach differentiates them by offering customers complete support and expertise throughout the entire lifecycle of their battery systems.
The company's extensive distribution network, leveraging a large dealer base, ensures widespread market reach for its diverse product portfolio. Their products are marketed under several well-known brand names including Exide, Index, Dynex, SF Sonic, Black Panther, Nexcharge, Chloride, and CEIL, establishing a strong brand presence and customer recognition. These batteries find applications across a variety of sectors, including power, solar energy, railways, telecommunications, UPS systems, various projects, traction systems, and many other industries.
In essence, Exide Industries Limited is a vertically integrated business, encompassing manufacturing, distribution, and specialized services related to lead-acid and lithium-ion batteries and related energy solutions. Their long history, dating back to 1916, and their continued expansion into new technologies and markets solidify their position as a leading player in the Indian and global battery industry.
Questions investors ask about Exide Industries Ltd (EXIDEIND).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Exide Industries Ltd (EXIDEIND)?
The current share price of Exide Industries Ltd (EXIDEIND) is ₹388.55. Today, the stock has declined by ₹6.30 (1.60%), trading in a range of ₹387.3 to ₹398.5. The stock opened at ₹395.05 with a trading volume of 11,29,917 shares.
02Is Exide Industries Ltd stock a good investment for long-term?
Exide Industries Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹33,035.25 crores, P/E ratio of 39.18, ROE of 6.17%, and ROCE of 8.65%. The dividend yield stands at 0.51%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Exide Industries Ltd stock?
The 52-week high price of Exide Industries Ltd (EXIDEIND) is ₹431, while the 52-week low is ₹287. Currently trading at ₹388.55, the stock is 70.5% away from its 52-week low and 9.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Exide Industries Ltd stock at the current price?
Whether to buy Exide Industries Ltd stock at ₹388.55 depends on multiple factors. The stock is currently trading with a P/E ratio of 39.18 and P/B ratio of 2.40. Today's performance shows a loss of 1.60%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Exide Industries Ltd and when is the next dividend?
Exide Industries Ltd offers a dividend yield of 0.51%, which means for every ₹100 invested at the current price of ₹388.55, you can expect to receive approximately ₹0.51 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Exide Industries Ltd?
Exide Industries Ltd's key financial metrics include: P/E Ratio: 39.18, P/B Ratio: 2.40, ROE: 6.17%, ROCE: 8.65%, Dividend Yield: 0.51%, EPS: ₹10.03, Book Value: ₹163.43, and Debt-to-Equity: 11.31. The company's market cap stands at ₹33,035.25 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Exide Industries Ltd stock performing today in the market?
Exide Industries Ltd stock opened at ₹395.05 and is currently trading at ₹388.55, showing a decline of ₹6.30 (1.60%). The intraday high is ₹398.5 and low is ₹387.3. The trading volume stands at 11,29,917 shares, indicating strong market participation today.
08What is the P/E ratio of Exide Industries Ltd and what does it indicate?
Exide Industries Ltd has a Price-to-Earnings (P/E) ratio of 39.18, which means investors are willing to pay ₹39.18 for every ₹1 of earnings. With an EPS of ₹10.03, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Exide Industries Ltd (EXIDEIND) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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