Amara Raja Energy & Mobility Ltd

Amara Raja Energy & Mobility Ltd

₹ 1,000 0.18%
05 Jun - close price
About

Amara Raja Batteries Limited [1] (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.

ARBL has prestigious OEMs as its clients. The Company's Industrial and Automotive batteries are exported to over 50 countries across the globe.

In India, Amara Raja is the preferred supplier to major telecom service providers, Telecom equipment manufacturers, UPS sector (OEM & Replacement), Indian Railways and to Power, Oil & Gas among other industry segments.
Termination of Shareholders Agreement (tie up) with Johnson Control [2]

Key Points

Business Segments [1] [2] [3] [4]
1. Lead Acid Batteries (96% in Q3 FY25 vs 98% in FY23): The company is one of the largest lead-acid battery (LAB) manufacturers for industrial and automotive applications in India’s storage battery industry.
a) Automotive Batteries: It is a leading player in the Indian battery industry, known for its popular Amaron brand, the country's largest-selling aftermarket automotive battery brand. It is the largest exporter of automotive Batteries. It manufactures batteries for 2W, 3W, 4W & CVs. Brands include Amaron, Powerzone, and Elito. It serves customers, including Maruti Suzuki, Tata Motors, Hyundai, Honda, Eicher, Mahindra, Ashok Leyland, and many more.
b) Industrial Batteries: It is a pioneer in manufacturing Valve Regulated Lead Acid (VRLA) batteries in India, offering a wide range of industrial batteries catering to various segments like UPS, Telecom, Railways, etc. It is a market leader in the Telecom sector and the largest exporter of VRLA batteries.
Brands include Power Stack, Amaron Sleek, Amaron Volt, Amaron Brute, Amaron Quanta, and Li-on. It serves customers, including Indus Tower, BSNL, Airtel, ABB, Infosys, Indian Railways, and many more. [5]

  • Market Cap 18,308 Cr.
  • Current Price 1,000
  • High / Low 1,776 / 805
  • Stock P/E 20.8
  • Book Value 403
  • Dividend Yield 0.99 %
  • ROCE 16.9 %
  • ROE 12.5 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 18.1%
  • Company's working capital requirements have reduced from 51.4 days to 40.7 days

Cons

  • Company has a low return on equity of 13.6% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,181 2,620 2,699 2,637 2,433 2,771 2,811 2,882 2,797 3,131 3,136 3,164 2,974
1,961 2,359 2,339 2,240 2,080 2,402 2,401 2,447 2,389 2,701 2,695 2,748 2,632
Operating Profit 220 261 360 397 353 369 410 435 408 430 441 416 342
OPM % 10% 10% 13% 15% 15% 13% 15% 15% 15% 14% 14% 13% 12%
16 17 24 26 -25 22 28 24 28 26 18 140 20
Interest 5 5 5 6 8 8 8 8 10 9 13 11 9
Depreciation 99 96 102 115 124 117 121 120 121 118 122 123 128
Profit before tax 132 177 277 303 196 266 309 331 305 329 324 422 224
Tax % 26% 26% 27% 26% 28% 25% 27% 24% 25% 26% 26% 26% 26%
99 131 202 223 141 199 226 253 228 245 241 312 167
EPS in Rs 5.77 7.70 11.84 13.04 8.25 11.63 13.25 14.80 12.46 13.36 13.15 17.04 9.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,437 4,211 4,618 5,317 6,059 6,793 6,839 7,150 8,696 10,390 11,260 12,405
2,876 3,507 3,793 4,465 5,174 5,838 5,741 6,033 7,666 8,939 9,635 10,776
Operating Profit 560 704 825 853 885 955 1,099 1,117 1,030 1,450 1,625 1,629
OPM % 16% 17% 18% 16% 15% 14% 16% 16% 12% 14% 14% 13%
42 41 44 47 65 43 55 86 71 27 98 204
Interest 1 0 6 6 5 7 12 11 15 30 33 42
Depreciation 65 134 141 191 230 261 301 319 396 450 479 492
Profit before tax 537 610 723 702 714 730 841 873 690 997 1,211 1,299
Tax % 32% 33% 32% 32% 34% 34% 21% 26% 26% 27% 25% 26%
367 411 492 478 471 483 661 647 511 731 906 964
EPS in Rs 21.51 24.05 28.78 28.01 27.59 28.31 38.69 37.87 29.93 42.78 49.49 52.66
Dividend Payout % 15% 15% 15% 15% 15% 25% 28% 29% 15% 14% 20% 20%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 13%
TTM: 10%
Compounded Profit Growth
10 Years: 8%
5 Years: 6%
3 Years: 20%
TTM: -2%
Stock Price CAGR
10 Years: 1%
5 Years: 8%
3 Years: 26%
1 Year: -22%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 17 17 17 17 17 17 17 17 17 17 18 18
Reserves 1,346 1,682 2,099 2,576 2,920 3,318 3,639 4,193 4,534 5,989 6,750 7,360
86 76 74 72 64 58 84 92 126 201 153 258
535 611 761 919 1,168 1,102 1,261 1,494 1,699 1,730 1,913 2,356
Total Liabilities 1,984 2,386 2,951 3,585 4,169 4,496 5,001 5,797 6,376 7,937 8,834 9,993
623 944 1,352 1,492 1,703 1,813 1,829 2,455 2,492 3,688 3,550 3,475
CWIP 145 86 123 240 226 315 827 399 830 234 322 844
Investments 16 16 20 147 35 20 156 281 78 486 1,479 1,998
1,200 1,340 1,456 1,706 2,204 2,348 2,188 2,662 2,976 3,529 3,483 3,676
Total Assets 1,984 2,386 2,951 3,585 4,169 4,496 5,001 5,797 6,376 7,937 8,834 9,993

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
279 395 555 553 322 541 1,177 802 633 956 1,314 1,375
-342 -294 -387 -529 -236 -448 -831 -616 -482 -789 -1,072 -1,154
-53 -75 -164 -2 -138 -92 -364 -122 -213 -112 -242 -157
Net Cash Flow -117 26 4 22 -52 1 -18 64 -62 55 -0 64

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 48 48 47 39 47 41 34 40 33 27 33 34
Inventory Days 54 55 75 85 93 83 94 111 108 87 88 88
Days Payable 20 34 44 44 53 40 50 57 48 39 41 45
Cash Conversion Cycle 81 69 78 81 88 85 77 93 93 76 80 77
Working Capital Days 40 45 49 48 62 66 49 55 52 62 51 41
ROCE % 42% 38% 36% 29% 25% 23% 23% 22% 16% 20% 19% 17%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 32.86% 32.86% 32.86% 32.86% 32.86%
18.34% 18.47% 35.49% 36.19% 35.22% 24.64% 24.00% 24.46% 23.84% 22.33% 21.82% 20.71%
10.82% 10.02% 9.25% 9.21% 10.47% 16.81% 17.91% 15.36% 14.55% 15.36% 14.81% 14.59%
42.77% 43.45% 27.20% 26.55% 26.24% 30.50% 30.02% 27.33% 28.76% 29.43% 30.52% 31.86%
No. of Shareholders 5,49,0065,48,4334,79,9624,71,4354,64,5295,60,9875,52,8945,63,8716,62,4287,34,1518,07,6578,62,059

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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