Amara Raja Energy & Mobility Ltd

Amara Raja Energy & Mobility Ltd

₹ 886 -2.19%
29 May - 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 16,218 Cr.
  • Current Price 886
  • High / Low 1,058 / 670
  • Stock P/E 20.8
  • Book Value 446
  • Dividend Yield 1.18 %
  • ROCE 13.5 %
  • ROE 10.0 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.0%

Cons

  • Company has a low return on equity of 12.0% 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,433 2,771 2,811 2,882 2,797 3,131 3,136 3,164 2,974 3,350 3,388 3,351 3,460
2,080 2,402 2,401 2,447 2,389 2,701 2,695 2,748 2,632 2,963 2,982 2,976 3,083
Operating Profit 353 369 410 435 408 430 441 416 342 387 406 374 377
OPM % 15% 13% 15% 15% 15% 14% 14% 13% 12% 12% 12% 11% 11%
-25 22 28 24 28 26 18 140 20 14 146 -17 209
Interest 8 8 8 8 10 9 13 11 9 10 8 9 13
Depreciation 124 117 121 120 121 118 122 123 128 129 138 141 140
Profit before tax 196 266 309 331 305 329 324 422 224 261 406 207 433
Tax % 28% 25% 27% 24% 25% 26% 26% 26% 26% 26% 25% 27% 26%
141 199 226 253 228 245 241 312 167 194 302 152 322
EPS in Rs 8.25 11.63 13.25 14.80 12.46 13.36 13.15 17.04 9.11 10.60 16.52 8.29 17.61
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4,211 4,618 5,317 6,059 6,793 6,839 7,150 8,696 10,390 11,260 12,405 13,549
3,507 3,793 4,465 5,174 5,838 5,741 6,033 7,666 8,939 9,635 10,771 12,005
Operating Profit 704 825 853 885 955 1,099 1,117 1,030 1,450 1,625 1,634 1,544
OPM % 17% 18% 16% 15% 14% 16% 16% 12% 14% 14% 13% 11%
41 44 47 65 43 55 86 71 27 98 199 351
Interest 0 6 6 5 7 12 11 15 30 33 42 41
Depreciation 134 141 191 230 261 301 319 396 450 479 492 548
Profit before tax 610 723 702 714 730 841 873 690 997 1,211 1,299 1,307
Tax % 33% 32% 32% 34% 34% 21% 26% 26% 27% 25% 26% 26%
411 492 478 471 483 661 647 511 731 906 964 970
EPS in Rs 24.05 28.78 28.01 27.59 28.31 38.69 37.87 29.93 42.78 49.49 52.66 53.02
Dividend Payout % 15% 15% 15% 15% 25% 28% 29% 15% 14% 20% 20% 20%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 9%
TTM: 9%
Compounded Profit Growth
10 Years: 5%
5 Years: 4%
3 Years: 0%
TTM: -11%
Stock Price CAGR
10 Years: 1%
5 Years: 4%
3 Years: 13%
1 Year: -14%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 12%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 17 17 17 17 17 17 17 17 17 18 18 18
Reserves 1,682 2,099 2,576 2,920 3,318 3,639 4,193 4,534 5,989 6,750 7,360 8,142
76 74 72 64 58 84 92 126 201 153 258 373
611 761 919 1,168 1,102 1,261 1,494 1,699 1,730 1,913 2,356 2,592
Total Liabilities 2,386 2,951 3,585 4,169 4,496 5,001 5,797 6,376 7,937 8,834 9,993 11,125
944 1,352 1,492 1,703 1,813 1,829 2,455 2,492 3,688 3,550 3,475 3,975
CWIP 86 123 240 226 315 827 399 830 234 322 844 542
Investments 16 20 147 35 20 156 281 78 486 1,479 1,998 2,585
1,340 1,456 1,706 2,204 2,348 2,188 2,662 2,976 3,529 3,483 3,676 4,023
Total Assets 2,386 2,951 3,585 4,169 4,496 5,001 5,797 6,376 7,937 8,834 9,993 11,125

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
395 555 553 322 541 1,177 802 633 956 1,314 1,375 1,340
-294 -387 -529 -236 -448 -831 -616 -482 -789 -1,072 -1,155 -1,264
-75 -164 -2 -138 -92 -364 -122 -213 -112 -242 -157 -126
Net Cash Flow 26 4 22 -52 1 -18 64 -62 55 -0 64 -50
Free Cash Flow -11 64 122 -64 13 477 306 -127 492 874 631 588
CFO/OP 83% 94% 89% 64% 82% 129% 90% 81% 84% 101% 104% 106%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 48 47 39 47 41 34 40 33 27 33 34 31
Inventory Days 55 75 85 93 83 94 111 108 87 88 88 89
Days Payable 34 44 44 53 40 50 57 48 39 41 45 47
Cash Conversion Cycle 69 78 81 88 85 77 93 93 76 80 77 74
Working Capital Days 45 49 48 62 66 48 53 51 60 49 34 34
ROCE % 38% 36% 29% 25% 23% 23% 22% 16% 20% 19% 17% 13%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Automotive Battery Capacity (Units)
Million Units

Log in to view insights

Please log in to see hidden values.

Login
Revenue Per Person
INR Lakh
Industrial Battery Capacity (AH)
Billion AH
Distribution Points of Sale
Numbers
International Markets Presence
Countries
Renewable Energy Share
%
New Energy Revenue (Packs & Chargers)
INR Mn

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
28.06% 28.06% 28.06% 32.86% 32.86% 32.86% 32.86% 32.86% 32.86% 32.86% 32.86% 32.86%
35.22% 24.64% 24.00% 24.46% 23.84% 22.33% 21.82% 20.71% 19.39% 17.97% 17.37% 17.31%
10.47% 16.81% 17.91% 15.36% 14.55% 15.36% 14.81% 14.59% 14.00% 16.24% 17.12% 16.95%
26.24% 30.50% 30.02% 27.33% 28.76% 29.43% 30.52% 31.86% 33.76% 32.93% 32.63% 32.88%
No. of Shareholders 4,64,5295,60,9875,52,8945,63,8716,62,4287,34,1518,07,6578,62,0598,71,5848,49,2228,20,4608,09,144

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls