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Amara Raja Energy & Mobility Ltd share Price Today

Company details

1,069.75
1,140.80
590.75
1,204.40
6M Return 82.18%
1Y Return 83.39%
Mkt Cap.(Cr) 20,363.36
Volume 2,112,943
Div Yield 0.51%
OI
-
OI Chg %
-
Volume 2,112,943

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Auto Parts & Equipment company Amara Raja Energy & Mobility announced Q3FY24 results:

Financial Performance

  • Revenue: Amara Raja Energy & Mobility Limited reported a revenue of Rs 2,881.06 crore for the quarter ended December 31, 2023, marking a 9% increase over the previous year's revenue of Rs 2,637.24 crore for the same quarter.
  • Profit Before Tax (PBT): The company achieved a profit before tax of Rs 313.32 crore in Q3FY24, which is a 6.8% increase from Rs 302.57 crore reported in Q3FY23.
  • Earnings per Share (EPS): The EPS for Q3FY24 stands at Rs 14.03.

Business Highlights

  • Automotive Battery Business: The automotive battery business experienced significant growth in both the OEM and aftermarket segments domestically and internationally.
  • Industrial Battery Business: Growth in the telecom sector propelled industrial battery volumes, attributed to the 5G rollout.
  • New Energy Business: Introduced battery packs to the telecom sector and continued to expand product offerings such as automotive lubricants and localized chargers.
  • Global Expansion: Entry into the North American market was highlighted by securing a substantial order book.
  • Infrastructure Development: Construction of the Gigafactory and the Research and Innovation Centre continued.

Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries, stated: "Our continuous growth inspires us to expand our product range. Recently, we launched our automotive lubricant business, which has gained significant traction. Additionally, we have strengthened our international operations by entering the North American market and securing a substantial order book."

Vikramadithya Gourineni, Executive Director, New Energy Business, mentioned: "I am happy to share that our pack and charger business continues to grow at a healthy click, with a good appreciation being shown for our localized chargers from a couple of our strategic customers. In the last quarter, we have also made in-roads in the Telecom sector with our packs thanks to the 5G rollout. Construction activities related to our Gigafactory and the Research and Innovation Centre are progressing smoothly."

Jayadev Galla, Chairman & Managing Director, commented on the results: "Our businesses have performed well in the last quarter even in the face of economic challenges. We were able to smoothly transition after the name change. We have launched new products under our traditional battery business and have made in-roads into newer segments under the New Energy business. This performance is thanks to the trust our customers have in our quality and reliability."

 

Result PDF

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Amara Raja Energy & Mobility Ltd shares SWOT Analysis

Strengths (12)

  • Promoter holding increased more than 2% QoQ
  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (2)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 1,145.7
R2 1,178.8
R3 1,216.7
Pivot

1,107.72

S1 1,074.6
S2 1,036.7
S3 1,003.6
EMA SMA
967.4
890.1
835.1
768.3
923.6
866.3
837.7
739.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-23 1129.55 1010267 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-04-23 1130.04 1010267 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-16 940.69 949054 NSE
Name Category Shares
RNGALLA FAMILY PRIVATE LIMITED PROMOTER 32.86%

OUR RESEARCH VIEW

Investment recommendation
Call Date
01 Dec 2023
Entry Price 710.00
Target Price 900.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Amara Raja Energy & Mobility Ltd Stocks COMPARISON

Financials( in Cr) Amara Raja Energy & Mobility Ltd Samvardhana Motherson International Ltd Bosch Ltd Tube Investments of India Ltd Uno Minda Ltd
Price 1,112.60 131.10 28,877.20 3,624.00 724.75
% Change 0.59 3.07 -0.08 1.40 1.10
Mcap Cr 20,363.36 88,838.88 85,170.41 70,088.88 41,607.54
Revenue TTM Cr 10,388.20 78,700.70 14,929.30 14,964.73 11,236.49
Net Profit TTM Cr 694.53 1,669.60 1,424.30 1,325.06 700.23
PE TTM 24.09 55.34 50.55 110.92 53.76
1 Year Return 83.39 84.26 53.80 44.67 41.72
ROCE 18.49 8.59 17.05 33.06 18.68
ROE 14.10 7.76 13.14 37.40 18.44
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,299.24 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,183.55 -6,303.96
LAST 3M 84,754.55 29,461.59
LAST 6M 143,739.62 78,027.80
LAST 12M 225,070.18 190,276.46

Amara Raja Energy & Mobility Ltd Information

Stock PE (TTM)
24.09
Promoter Holding
32.86%
Book Value
309.3201
ROCE
18.49%
ROE
14.1%
Description
  • Headquartered in Tirupati, Andhra Pradesh, Amara Raja Batteries Ltd. is the leading manufacturer and supplier of different types of batteries. This small-cap company has a market capitalisation of Rs. 9,223 crores. The company was founded by Dr Ramchandra N Galla in the year 1985. The company reported a profit of Rs. 646.83 crores in the financial year 2020-21.  The shares of this company are traded on both the Bombay Stock Exchange (script code: 500008) and the National Stock Exchange under the script name AMARAJABAT.

    This Amara Raja Group company is a pioneer in the field of lead-acid battery manufacture. The company's industrial battery comprises Quanta and PowerStack AmaronVoltTM. The company manufactures automotive batteries under the names Powerzone and Amaron. This company's products are used in a variety of industries, including power, oil and gas, telecom, UPS, Indian Railways, and defence, to name a few. Amara Raja's customers for automotive batteries include Maruti Suzuki, Tata Motors, Hyundai Motors Ltd., Renault Nissan, Royal Enfield, Honda Motorcycles & Scooters, and many more. The company also exports its products to 32 other countries around the globe.

    The company's revenue and profit figures are much higher than the industry average over the last five years. Amara Raja Batteries' profit increased by 5.64% over the last five years. However, the industry as a whole has been hit severely, with a negative profit of 1.07%. In the financial year 2020-21, the company's Earnings Per Share (EPS) stood at 37.87. It also announced a Dividend per Share (DPS) of Rs. 11 in the same year. Amara Raja Batteries' debt-to-equity ratio has also outperformed the sector average over the last five years. 

    On 30th March 2022, intraday, the Amara Raja Batteries share price opened at Rs. 543. The Amara Raja share price saw a continuous dip in the last twelve months.  The 52-week high and low of the Amara Raja Battery share price was reported at Rs. 868.80 and Rs. 520, respectively. AMARAJABAT share price is facing tough competition from its industry rivals such as Eveready Industries India Ltd., HBL Power Systems Ltd., Panasonic Energy India Co Ltd., and Exide Industries Ltd.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Renigunta-Cuddapah Road, Karakambadi, Tirupati, Andhra Pradesh, 517520

Tel : 91-877-2265000
Email : investorservices:amararaja.com
Website : http://www.amararaja.com
Registrar

Cameo Corporate Services Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500008
NSE Code : ARE&M
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE885A01032

FAQ’s on Amara Raja Energy & Mobility Ltd Shares

You can buy Amara Raja Energy & Mobility Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Amara Raja Energy & Mobility Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 26, 2024 04:02 PM the closing price of Amara Raja Energy & Mobility Ltd was Rs.1,112.60.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of Apr 26, 2024 04:02 PM, the market cap of Amara Raja Energy & Mobility Ltd stood at Rs. 20,363.36.

The latest PE ratio of Amara Raja Energy & Mobility Ltd as of Apr 26, 2024 04:02 PM is 24.09

The latest PB ratio of Amara Raja Energy & Mobility Ltd as of Apr 26, 2024 04:02 PM is 0.28

The 52-week high of Amara Raja Energy & Mobility Ltd share price is Rs. 1,204.40 while the 52-week low is Rs. 590.75

According to analyst recommendations, Amara Raja Energy & Mobility Ltd Share has a "Buy" rating for the long term.

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