Amara Raja Energy & Mobility Ltd
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]
- Market Cap ₹ 16,290 Cr.
- Current Price ₹ 890
- High / Low ₹ 1,058 / 670
- Stock P/E 20.9
- Book Value ₹ 446
- Dividend Yield 1.19 %
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 0% |
| 5 Years: | 4% |
| 3 Years: | 9% |
| 1 Year: | -9% |
| 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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Employees count |
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| Automotive Battery Installed Capacity Mn units p.a. |
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| Distribution Points of Sale count |
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| Export Countries count |
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| Industrial Battery Installed Capacity Billion Ah p.a. |
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| New Energy Lithium Pack Capacity GWh |
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| Lead Recycling Capacity MT/annum |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul
- Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Jun
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jun
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 29 Jun
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Closure of Trading Window
26 Jun - Board meets August 10, 2026 for Q1 FY27 results; trading window closes July 1-August 12, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Concalls
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025TranscriptPPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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Aug 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptPPTREC
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Jun 2024TranscriptPPTREC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023TranscriptPPT REC
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Aug 2023TranscriptPPTREC
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May 2023Transcript PPT
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Sep 2022Transcript PPT
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Jun 2021Transcript PPT
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Jun 2021TranscriptAI SummaryPPT
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Jun 2020TranscriptPPT
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Dec 2019TranscriptAI SummaryPPT
Former Name:[1]
The company was formerly called
as Amara Raja Batteries Limited till
2023.