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Amara Raja Energy & Mobility Ltd share Price Today

Company details

752.00
774.80
546.00
799.45
6M Return 23.74%
1Y Return 15.96%
Mkt Cap.(Cr) 13,074.03
Volume 840,651
Div Yield 0.80%
OI
-
OI Chg %
-
Volume 840,651

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Auto Parts & Equipment company Amara Raja Batteries announced Q1FY24 results:

  • Revenue from operations of Rs 2,769.94 crore in Q1FY24 compared to Rs 2,620.00 crore in Q1FY23
  • Profit before tax of Rs 258.36 crore in Q1FY24 comapred to Rs 176.96 crore in Q1FY23, up 46% YoY.
  • The Earnings Per Share (EPS) for Q1FY24 is at Rs 11.27.

Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries says, “Our revenue and profit numbers are a testament to our sustained growth story. We will continue to build our product range, cater to newer segments, and strengthen our International operations.”

Speaking about the results, Jayadev Galla, Chairman & Managing Director of ARBL said, “We have witnessed significant growth in revenue and profits quarter on quarter, which is a direct testament of the customer’s trust in our product’s quality and reliability. With our rapid movement in the Li-ion initiatives, we are poised for a strong future.”

 

 

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OUR RESEARCH VIEW

Investment recommendation
Call Date
20 Feb 2023
Entry Price 580.00
Target Price 615.00
Duration
12-18 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 COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 5,299.24 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,593.44 39,409.91
LAST 3M 57,905.00 19,139.45
LAST 6M 99,888.55 93,017.93
LAST 12M 166,353.23 137,771.51

Amara Raja Energy & Mobility Ltd Information

Stock PE (TTM)
16.04
Promoter Holding
28.06%
Book Value
331.3646
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 : amararaja:amararaja.co.in
Website : http://www.amararajabatteries.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) :
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 Dec 07, 2023 03:59 PM the closing price of Amara Raja Energy & Mobility Ltd was ₹ 765.40.

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 Dec 07, 2023 03:59 PM, the market cap of Amara Raja Energy & Mobility Ltd stood at ₹ 13,074.03.

The latest PE ratio of Amara Raja Energy & Mobility Ltd as of Dec 07, 2023 03:59 PM is 16.04

The latest PB ratio of Amara Raja Energy & Mobility Ltd as of Dec 07, 2023 03:59 PM is 0.43

The 52-week high of Amara Raja Energy & Mobility Ltd is ₹ 799.45 while the 52-week low is ₹ 546.00

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

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