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Exide Industries Ltd share Price Today

Company details

329.00
335.00
170.50
354.00
6M Return 23.50%
1Y Return 90.04%
Mkt Cap.(Cr) 28,050.00
Volume 846,452
Div Yield 0.60%
OI
-
OI Chg %
-
Volume 846,452

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Incur '0' Brokerage upto ₹500
Scope to lift margins in base business, sizeable foray in new energy space structurally positive…
About The Stock

    Exide Industries (EIL) is a part of the duopolistic organised Indian lead acid battery market with a presence across automotive & industrial applications.

    • Segment mix: -automotive sales~75% & industrial application ~25%
    • Channel exposure to replacement, OEMs is at ~60%, ~40%, respectively
    • Within its automobile segment sales, it derives ~60% of sales from OEMs
Q4FY22

    The company reported a muted performance in Q4FY22.

    • Total operating income for Q4FY22 came in at ₹ 3,408 crore, up 6.6% QoQ
    • EBITDA came in at ₹ 349 crore with margins at 10.2%, down 150 bps QoQ.
    • PBT in Q4FY22 was at ₹ 271 crore, flat QoQ, aided by higher other income

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Research view on more stocks

Auto Parts & Equipment company Exide Industries announced Q3FY24 & 9MFY24 results:

Key Financial Highlights:

  • Q3FY24 vs Q3FY23:
    • Revenue Growth: Q3FY24 Revenue from Operations increased to Rs 3,841 crore, showing a significant growth of 12.4% compared to Q3FY23 (Rs 3,412 crore).
    • EBITDA Improvement: EBITDA for Q3FY24 reached Rs 440 crore, marking a solid YoY growth of 9.7% from Q3FY23 (Rs 401 crore).
    • Profitability Increase: Both PBT and PAT demonstrated growth in Q3FY24. PBT rose to Rs 321 crore, reflecting a 6.6% YoY increase from Q3FY23 (Rs 301 crore). PAT increased to Rs 240 crore, indicating a YoY growth of 7.6% from Q3FY23 (Rs 223 crore).
    • Earnings Per Share (EPS): The EPS for Q3FY24 stood at Rs 2.83, showcasing a positive trend compared to Q3FY23 (Rs 2.63).
  • 9MFY24 vs 9MFY23:
    • Revenue Growth: In 9MFY24, Revenue from Operations reached Rs 12,020 crore, reflecting a growth of 8.9% compared to 9MFY23 (Rs 11,049 crore).
    • EBITDA Expansion: EBITDA for 9MFY24 expanded to Rs 1,355 crore, indicating a YoY growth of 12.4% from 9MFY23 (Rs 1,201 crore).
    • Profitability Surge: PBT increased to Rs 1,028 crore, representing a YoY growth of 10.0% from 9MFY23 (Rs 934 crore). PAT surged to Rs 769 crore, reflecting a YoY growth of 10.5% from 9MFY23 (Rs 696 crore).
    • Earnings Per Share (EPS): The EPS for 9MFY24 stood at Rs 9.05, indicating a positive trajectory compared to 9MFY23 (Rs 8.19).

Business Highlights:

  • Cost Optimization: Other expenses decreased to 13.6% of sales from 14.3% in Q3FY23.
  • Automotive Division: Notable uptrend in demand in both OEM and Replacement markets with broad-based demand recovery.
  • Industrial Division: Benefiting from large investments in various sectors like BFSI, Renewables, Telecom, and Infrastructure.
  • Equity Investment: Exide invested Rs 730.01 crore in the wholly owned subsidiary, Exide Energy Solutions Limited (EESL), with a cumulative investment of Rs 1,820.01 crore till December 2023.
  • Lithium Cell Manufacturing Plant: Onsite construction works and organizational setup are progressing at a planned pace, with ongoing training of the technical team.

Commenting on the performance, Subir Chakraborty, MD & CEO, said, 'It was another quarter of strong performance, with sales and operating profits growing by 13% and 10%, respectively. Demand was positive in both automotive and industrial divisions, and we achieved healthy growth in our key end-customer markets. However, EBITDA margin was marginally lower than the same quarter in the previous year mainly on account of input cost inflation.

We are optimistic about the future and are witnessing signs of demand pick-up across key verticals. Input cost inflationary pressures have started easing, which coupled with our cost optimisation initiatives is expected to support margins. We will continue to focus on delivering healthy sales growth and improvement in profitability levels in the near-to-medium term.

Our lithium-ion cell manufacturing project is progressing as per scheduled timelines. Design and construction works are on track, and we are focusing on the onboarding of customers on the one hand and securing strong raw material supply-chain linkages on the other. We are excited about the future and look forward to becoming one of the leading domestic players offering state-of-the-art products and solutions in the fast-growing electric mobility space as well as stationary applications.'

Result PDF

View Other Company Results

Exide Industries Ltd shares SWOT Analysis

Strengths (5)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (2)

  • Declining Net Cash Flow : Companies not able to generate net cash
  • Major fall in TTM Net Profit

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 333.7
R2 337.3
R3 339.7
Pivot

331.33

S1 327.7
S2 325.3
S3 321.7
EMA SMA
331.9
321.3
302.9
274.3
334.7
323.1
296.9
269.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT Block Purchase 2024-01-18 319.3 891269 BSE
JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED Block Sell 2024-01-18 319.3 891269 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 159.8 1125669 BSE
Name Category Shares
Chloride Eastern Limited PROMOTER 45.99%

OUR RESEARCH VIEW

Investment recommendation
Scope to lift margins in base business, sizeable foray in new energy space structurally positive…
Call Date
30 Jan 2024
Entry Price 315.00
Target Price 380.00
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 Bosch Ltd Samvardhana Motherson International Ltd Tube Investments of India Ltd Sona BLW Precision Forgings Ltd
Price 330.00 28,279.90 115.65 3,622.65 649.25
% Change -0.72 -0.58 1.36 -1.79 5.92
Mcap Cr 28,050.00 83,408.74 78,369.31 70,053.72 38,074.75
Revenue TTM Cr 15,078.16 14,929.30 78,700.70 14,964.73 2,130.64
Net Profit TTM Cr 822.77 1,424.30 1,669.60 1,325.06 361.54
PE TTM 32.38 49.84 48.12 112.52 72.32
1 Year Return 90.04 54.43 40.95 44.01 42.01
ROCE 10.55 17.05 8.59 35.61 22.56
ROE 7.58 13.14 7.76 37.40 21.42
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 11,132.28 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 24,237.34 -6,859.41
LAST 3M 66,180.77 -16,769.82
LAST 6M 123,999.37 12,931.53
LAST 12M 183,206.60 175,105.14
Exide Industries Limited - Loss of Share Certificates

Feb 22, 2024 l NSE Announcement

Exide Industries Limited - Loss of Share Certificates

Feb 21, 2024 l NSE Announcement

Exide Industries Limited - Loss of Share Certificates

Feb 20, 2024 l NSE Announcement

Date Action Type Ratio
Aug 01, 2023 Dividend 200
Feb 07, 2022 Dividend 200

Exide Industries Ltd Information

Stock PE (TTM)
32.38
Promoter Holding
45.99%
Book Value
147.3366
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 : exideindustrieslimited:exide.co.in
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 Feb 23, 2024 03:59 PM the closing price of Exide Industries Ltd was ₹ 330.00.

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 Feb 23, 2024 03:59 PM, the market cap of Exide Industries Ltd stood at ₹ 28,050.00.

The latest PE ratio of Exide Industries Ltd as of Feb 23, 2024 03:59 PM is 32.38

The latest PB ratio of Exide Industries Ltd as of Feb 23, 2024 03:59 PM is 0.44

The 52-week high of Exide Industries Ltd is ₹ 354.00 while the 52-week low is ₹ 170.50

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

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