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Exide Industries Ltd share Price Today

Company details

567.00
576.00
222.40
576.20
6M Return 98.23%
1Y Return 158.54%
Mkt Cap.(Cr) 48,424.50
Volume 4,370,512
Div Yield 0.35%
OI
-
OI Chg %
-
Volume 4,370,512

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Auto parts & Equipment company Exide Industries announced Q4FY24 & FY24 results:

Financial Highlights:

Revenue from operations:

  • Q4FY24: Rs 4,009 crore, a 13% increase from Q4FY23.
  • FY24: Rs 16,029 crore, a 10% increase compared to FY23.

EBITDA:

  • Q4FY24: Rs 516 crore, up by 41% YoY.
  • FY24: Rs 1,871 crore, a 19% increase from YoY.

Profit Before Tax (PBT):

  • Q4FY24: Rs 382 crore, marking a 37% growth from Q4FY23.
  • FY24: Rs 1,410 crore, 16% higher than FY23.

Profit After Tax (PAT):

  • Q4FY24: Rs 284 crore.
  • FY24: Rs 1,053 crore.

Earnings Per Share (EPS):

  • Q4FY24: Rs 3.34.
  • FY24: Rs 12.39.

Dividend:

  • The Board has proposed a final dividend of Rs 2.00 per equity share for FY24.

Commenting on the performance - Subir Chakraborty, MD & CEO, said: "We had one of the best quarterly performances, with sales and operating profits growing by 13% and 41%, respectively. Demand scenario was upbeat, and our diversified and technologically advanced product offerings helped us capture the opportunities across end customer markets. EBITDA margin increased to 12.9% during the quarter from 10.4% in the same quarter last year.

For the full financial year, our performance was commendable with sales and operating profits growing by 10% and 19%, respectively. Outlook is positive both for the Automotive and Industrial verticals and we aim to deliver healthy sales growth and increase in profitability in near-tomedium term.

Our lithium-ion cell manufacturing project is progressing well and is expected to be commissioned within defined timelines. We are positive about the future and are very well positioned to capitalize on opportunities both in the lead-acid as well as in the lithium-ion battery space."

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Exide Industries Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 574.8
R2 579.9
R3 583.8
Pivot

570.90

S1 565.8
S2 561.9
S3 556.8
EMA SMA
526.0
477.3
424.2
363.9
521.3
479.8
401.8
342.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
HRTI PRIVATE LIMITED Bulk Purchase 2024-04-16 436.04 4753711 NSE
HRTI PRIVATE LIMITED Bulk Sell 2024-04-16 437.72 4060990 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-04-09 386.81 4813570 NSE
Name Category Shares
Chloride Eastern Limited PROMOTER 45.99%

OUR RESEARCH VIEW

Investment recommendation
Margins -a key surprise, OEM tie-up validates EV play
Call Date
02 May 2024
Entry Price 470.00
Target Price 550.00
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

Exide Industries Ltd Stocks COMPARISON

Financials( in Cr) Exide Industries Ltd Samvardhana Motherson International Ltd Bosch Ltd Uno Minda Ltd Endurance Technologies Ltd
Price 569.70 187.72 32,606.35 1,081.05 2,664.30
% Change -0.45 1.23 1.09 0.19 -1.27
Mcap Cr 48,424.50 127,206.98 96,169.17 62,062.54 37,476.84
Revenue TTM Cr 15,078.16 78,700.70 14,929.30 11,236.49 8,804.05
Net Profit TTM Cr 822.77 1,669.60 1,424.30 700.23 479.58
PE TTM 55.50 43.51 51.94 72.04 55.81
1 Year Return 158.54 128.37 71.08 83.96 69.89
ROCE 10.55 8.59 17.05 18.68 13.67
ROE 7.58 7.76 13.14 18.44 11.51
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 11,132.28 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,781.36 14,522.15
LAST 3M 107,380.98 -17,606.35
LAST 6M 184,073.87 -1,796.10
LAST 12M 296,407.80 100,937.44

Exide Industries Ltd Information

Stock PE (TTM)
55.5
Promoter Holding
45.99%
Book Value
151.604
ROCE
10.55%
ROE
7.58%
Description
  • 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.

    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

Exide House, 59E Chowringhee Road, Kolkata, West Bengal, 700020

Tel : 91-33-2302 3400/2283-2118/2150/2171
Email : cosec:exide.co.in, exideindustrieslimited:exide.co
Website : http://www.exideindustries.com
Registrar

CB Management Services (P) Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500086
NSE Code : EXIDEIND
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE302A01020

FAQ’s on Exide Industries Ltd Shares

You can buy Exide Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Exide Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 21, 2024 03:58 PM the closing price of Exide Industries Ltd was Rs.569.70.

The latest PE ratio of Exide Industries Ltd as of Jun 21, 2024 03:58 PM is 55.50

The latest PB ratio of Exide Industries Ltd as of Jun 21, 2024 03:58 PM is 0.26

The 52-week high of Exide Industries Ltd share price is Rs. 576.20 while the 52-week low is Rs. 222.40

According to analyst recommendations, Exide Industries Ltd Share has a "Buy" rating for the long term.

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 Jun 21, 2024 03:58 PM, the market cap of Exide Industries Ltd stood at Rs. 48,424.50 Cr.

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