Sharescart Research Club logo

Exide Inds Overview

Exide Industries Ltd designs, manufactures, markets, and sells lead acid storage batteries and allied merchandise in India and internationally. The corporation operates in two segments, Automotive and Industrial. It offers automobile, commercial, genset, solar, inverter, and submarine batteries, in addition to domestic UPS structures and e-rickshaws. The company also presents life coverage merchandise via individual agents, company marketers, banks, etc.; manufactures and supplies recycled lead and lead alloys; manufactures lead acid automotive...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Exide Inds Key Financials

Market Cap ₹29249 Cr.

Stock P/E 36.5

P/B 2

Current Price ₹344.1

Book Value ₹ 173.2

Face Value 1

52W High ₹430.9

Dividend Yield 0.58%

52W Low ₹ 328

Exide Inds Share Price

₹ | |

Volume
Price

Exide Inds Quarterly Price

Show Value Show %

Exide Inds Peer Comparison

Exide Inds Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 4245 4372 3980 4173 4436 4450 4017 4335 4695 4365
Other Income 22 37 25 5 16 40 13 44 28 54
Total Income 4268 4409 4005 4178 4452 4490 4029 4379 4723 4418
Total Expenditure 3807 3872 3548 3725 3963 3978 3592 3907 4157 3973
Operating Profit 460 536 457 453 490 513 437 471 566 445
Interest 24 30 32 31 30 34 54 35 32 40
Depreciation 132 141 145 142 144 146 145 148 149 152
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 304 365 281 280 316 333 238 289 385 253
Provision for Tax 80 95 78 95 95 99 80 102 110 80
Profit After Tax 224 270 203 186 221 234 158 187 274 174
Adjustments -2 -1 -3 -1 -1 -2 -2 -0 -1 -2
Profit After Adjustments 222 269 200 185 220 231 157 187 273 172
Adjusted Earnings Per Share 2.6 3.2 2.4 2.2 2.6 2.7 1.8 2.2 3.2 2

Exide Inds Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 9535 9536 11179 12808 14721 14471 10359 12789 15078 16770 17238 17412
Other Income 827 83 126 94 72 98 62 62 125 90 113 139
Total Income 10362 9618 11304 12903 14793 14569 10422 12851 15203 16860 17351 17549
Total Expenditure 9324 8372 9828 11431 13191 13049 8993 11386 13485 14949 15433 15629
Operating Profit 1038 1246 1476 1471 1601 1520 1429 1465 1718 1911 1917 1919
Interest 9 79 153 114 117 108 37 64 79 120 160 161
Depreciation 155 175 226 267 344 418 394 440 502 560 582 594
Exceptional Income / Expenses 0 0 0 -42 108 -22 0 0 0 0 0 0
Profit Before Tax 874 992 1097 1048 1249 972 998 961 1138 1231 1176 1165
Provision for Tax 257 292 293 354 402 209 265 266 315 348 375 372
Profit After Tax 616 700 804 694 847 762 733 694 823 883 801 793
Adjustments -2 -3 -3 -3 -2 14 76 3673 -0 -6 -5 -5
Profit After Adjustments 615 697 801 691 846 777 810 4367 823 877 795 789
Adjusted Earnings Per Share 7.2 8.2 9.4 8.1 9.9 9.1 9.5 51.4 9.7 10.3 9.4 9.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 10% 4% 6%
Operating Profit CAGR 0% 9% 5% 6%
PAT CAGR -9% 5% 1% 3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -11% 23% 12% 10%
ROE Average 6% 7% 8% 12%
ROCE Average 9% 10% 11% 18%

Exide Inds Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3841 4390 5032 5429 6107 6467 7272 10584 11132 12886 13913
Minority's Interest 13 15 16 18 33 47 46 40 9 15 21
Borrowings 3 3 1 9 10 9 86 82 141 222 943
Other Non-Current Liabilities 7796 8637 10109 11304 12906 14577 16468 321 343 556 632
Total Current Liabilities 2235 2326 2608 3054 3375 3252 4805 2818 3024 4448 5880
Total Liabilities 13887 15370 17765 19815 22431 24351 28677 13845 14649 18127 21390
Fixed Assets 1781 1975 2259 2681 3080 3249 3599 3361 3682 3853 3935
Other Non-Current Assets 8386 9211 10671 12045 13891 15693 18822 5363 5276 8023 10250
Total Current Assets 3720 4184 4835 5089 5460 5410 6256 5121 5691 6235 7187
Total Assets 13887 15370 17765 19815 22431 24351 28677 13845 14649 18127 21390

Exide Inds Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 287 207 287 315 309 341 331 342 189 132 323
Cash Flow from Operating Activities 180 1583 937 914 1687 1619 2263 61 768 1533 1273
Cash Flow from Investing Activities -56 -1329 -728 -537 -1437 -1097 -2080 66 -799 -1458 -1934
Cash Flow from Financing Activities -199 -167 -182 -386 -217 -532 -170 -172 -30 108 515
Net Cash Inflow / Outflow -74 87 27 -8 33 -10 13 -45 -61 183 -146
Closing Cash & Cash Equivalent 207 294 314 309 341 331 342 189 132 323 181

Exide Inds Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 7.23 8.2 9.42 8.13 9.95 9.14 9.53 51.38 9.68 10.31 9.35
CEPS(Rs) 9.08 10.3 12.12 11.31 14.01 13.88 13.26 13.34 15.58 16.98 16.27
DPS(Rs) 2.2 2.4 2.4 2.4 2.4 4.1 2 2 2 2 2
Book NAV/Share(Rs) 44.76 51.64 59.2 63.87 71.85 76.09 85.56 124.51 130.97 151.6 163.69
Core EBITDA Margin(%) 2.05 11.17 11.11 10.52 10.39 9.82 13.19 10.97 10.57 10.86 10.47
EBIT Margin(%) 8.55 10.28 10.29 8.88 9.28 7.46 9.99 8.01 8.07 8.06 7.75
Pre Tax Margin(%) 8.46 9.52 9.03 8.01 8.48 6.72 9.64 7.51 7.54 7.34 6.82
PAT Margin (%) 5.97 6.72 6.62 5.31 5.76 5.27 7.08 5.43 5.46 5.26 4.64
Cash Profit Margin (%) 7.48 8.4 8.48 7.35 8.09 8.15 10.88 8.87 8.79 8.61 8.02
ROA(%) 4.67 4.79 4.85 3.69 4.01 3.26 2.77 3.27 5.77 5.39 4.05
ROE(%) 17.06 17.09 17.07 13.27 14.69 12.13 10.68 7.78 7.58 7.35 5.97
ROCE(%) 24.13 25.6 25.71 21.71 23.38 16.96 14.84 11.26 10.96 10.81 9.19
Receivable days 23.85 24.68 21.89 25.56 28.99 29.08 37.65 31.02 28.17 28.42 32.49
Inventory Days 52.15 50.66 44.28 51.71 50.46 56.5 88.99 78.37 76.15 79.5 89.29
Payable days 79.44 85.58 82.17 74.46 72.57 83.69 96.54 68.96 44.99 51.34 65.53
PER(x) 24.58 17.02 23.76 27.3 21.98 14.36 19.26 2.94 18.39 29.52 38.53
Price/Book(x) 3.97 2.7 3.78 3.47 3.04 1.73 2.15 1.21 1.36 2.01 2.2
Dividend Yield(%) 1.24 1.72 1.07 1.08 1.1 3.12 1.09 1.32 1.12 0.66 0.56
EV/Net Sales(x) 1.57 1.23 1.69 1.45 1.24 0.75 1.49 1 1.01 1.57 1.86
EV/Core EBITDA(x) 14.4 9.38 12.8 12.65 11.44 7.16 10.77 8.77 8.89 13.73 16.69
Net Sales Growth(%) 14.76 0.01 17.23 14.58 14.93 -1.7 -28.41 23.45 17.9 11.22 2.79
EBIT Growth(%) 10.23 21.32 16.71 -7.02 17.55 -20.94 -4.2 -0.94 18.67 11.1 -1.16
PAT Growth(%) 12.85 13.59 14.84 -13.67 22.08 -10.02 -3.81 -5.33 18.5 7.3 -9.32
EPS Growth(%) 12.83 13.48 14.86 -13.74 22.37 -8.14 4.27 439.2 -81.16 6.56 -9.31
Debt/Equity(x) 0.02 0.03 0.04 0.01 0.01 0.01 0.02 0.02 0.03 0.05 0.11
Current Ratio(x) 1.66 1.8 1.85 1.67 1.62 1.66 1.3 1.82 1.88 1.4 1.22
Quick Ratio(x) 0.93 1.26 1.2 1.01 1.01 0.92 0.75 0.8 0.75 0.53 0.45
Interest Cover(x) 94.73 13.59 8.18 10.17 11.67 9.98 28.33 15.93 15.45 11.25 8.37
Total Debt/Mcap(x) 0 0.01 0.01 0 0 0.01 0.01 0.02 0.02 0.03 0.05

Exide Inds Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 45.99 45.99 45.99 45.99 45.99 45.99 45.99 45.99 45.99 45.99
FII 12.81 12.94 13.57 13.74 12.31 11.72 11.6 11.47 10.88 10.92
DII 19.05 19.23 18.56 17.87 17.96 17.64 17.15 17.4 18.46 18.7
Public 22.14 21.83 21.87 22.4 23.73 24.64 25.25 25.14 24.67 24.39
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Exide Inds News

Exide Inds Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 45.99%.
  • Company has a low return on equity of 7% over the last 3 years.
  • Debtor days have increased from 51.34 to 65.53days.
  • The company has delivered a poor profit growth of 1% over past five years.
whatsapp