Exide Industries Limited is one the largest selling battery companies in India. It is the fourth largest manufacturer of automotive and industrial lead-acid batteries in the world and the largest in India. Exide Industries Limited is also a life insurance company. Headquartered in Kolkata, the company has plants in India and Sri Lanka and dealership networks in 46 countries and five continents.
The company’s total revenue for FY 2021-2022 was Rs. 3523 crore, and its market capitalisation as of 16 June 2022 was Rs. 12,002 crore.
Exide Industries Limited manufactures several products, such as automotive batteries, inverter batteries, home ups systems/ inverters, integrated power back-up systems, industrial batteries, Genset batteries, submarine batteries, and e-rickshaw vehicles. The company has nine manufacturing units in India. Exide Industries Limited also has a research and development centre in Kolkata, which was established in 1976. The centre is recognised by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India.
Exide Industries Limited’s shareholding pattern includes six shareholder categories. Foreign institutions have a 10.13% stake, national banks and mutual funds have an 8.42% stake, the general public has an 18.07% stake, financial institutions have a 10.74% stake, and foreign promoters have a 45.99% stake. The remaining 6.64% is allotted to other categories.
Mr Bharat Dhirajlal Shah is the company’s chairman and independent director. Mr R B Raheja is the vice-chairman and non-executive director, while Mr Subir Chakraborty is the managing director and chief executive officer. Mr Sudhir Chand, Ms Mona N Desai, and Mr Surin Kapadia are independent directors. Mr Arun Mittal is the director of the automotive department and Mr Avik Kumar Roy is the director of the industrial department.
Here is the latest Exide share price:
On 16 June 2022, Exide share price NSE was Rs. 138.10. Exide Industries Ltd share price on BSE closed at Rs. 138.50 on 16 June 2022. The 52-week high for the Exide Industries share price was Rs. 204.90, and the 52-week low of the Exide Industries share was Rs. 135.40 as of 16 June 2022.
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