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.
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