Exide Industries Ltd

Exide Industries Ltd

₹ 352 -4.92%
30 Apr - close price
About

Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. [1]

Key Points

Products[1]
The company manufactures batteries for automotive sector like 2 wheeler, 4 wheeler, 3 wheeler, E-rickshaws and H-UPS. It manufactures batteries from 2.5 Ah for 2-wheelers to 260 Ah for Non vehicular. It also manufactures for industrial use from 7 Ah to 3200 Ah for multiple applications and for submarine uses too.

  • Market Cap 29,899 Cr.
  • Current Price 352
  • High / Low 620 / 328
  • Stock P/E 27.8
  • Book Value 170
  • Dividend Yield 0.57 %
  • ROCE 10.5 %
  • ROE 7.81 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 11.0% over past five years.
  • Company has a low return on equity of 8.05% 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
3,417 3,907 3,719 3,412 3,543 4,073 4,107 3,841 4,009 4,313 4,267 3,849 4,159
3,066 3,520 3,306 3,011 3,176 3,640 3,624 3,401 3,493 3,818 3,784 3,400 3,693
Operating Profit 350 387 412 401 367 432 483 440 516 494 484 449 467
OPM % 10% 10% 11% 12% 10% 11% 12% 11% 13% 11% 11% 12% 11%
4,733 32 36 23 41 19 39 23 3 14 53 13 16
Interest 11 7 6 8 8 10 12 14 13 9 10 12 13
Depreciation 107 109 112 115 119 119 126 127 125 126 127 124 127
Profit before tax 4,966 303 330 301 281 322 385 321 382 374 399 325 343
Tax % 17% 25% 25% 26% 26% 25% 25% 25% 26% 25% 25% 25% 26%
4,120 226 246 223 208 242 287 240 284 280 298 245 255
EPS in Rs 48.47 2.66 2.90 2.63 2.44 2.85 3.38 2.83 3.34 3.29 3.50 2.88 3.00
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
5,909 6,802 6,795 7,583 9,186 10,588 9,857 10,041 12,410 14,592 16,029 16,588
5,093 5,892 5,773 6,499 7,942 9,175 8,488 8,684 11,011 13,023 14,155 14,695
Operating Profit 816 910 1,021 1,084 1,244 1,413 1,369 1,357 1,399 1,569 1,874 1,893
OPM % 14% 13% 15% 14% 14% 13% 14% 14% 11% 11% 12% 11%
35 31 47 103 14 146 40 65 4,774 132 83 96
Interest 2 3 3 5 7 7 11 25 40 30 50 44
Depreciation 126 140 158 206 246 314 363 379 413 456 497 504
Profit before tax 723 798 908 976 1,006 1,239 1,035 1,018 5,720 1,215 1,410 1,441
Tax % 33% 32% 31% 29% 34% 32% 20% 26% 18% 26% 25% 25%
487 546 624 694 668 844 826 758 4,684 904 1,053 1,077
EPS in Rs 5.73 6.42 7.35 8.16 7.86 9.93 9.71 8.92 55.11 10.63 12.39 12.67
Dividend Payout % 31% 34% 33% 29% 31% 24% 42% 22% 4% 19% 16% 16%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 10%
TTM: 3%
Compounded Profit Growth
10 Years: 7%
5 Years: 5%
3 Years: 8%
TTM: 5%
Stock Price CAGR
10 Years: 8%
5 Years: 17%
3 Years: 32%
1 Year: -26%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 8%

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 85 85 85 85 85 85 85 85 85 85 85 85
Reserves 3,646 3,970 4,426 4,879 5,304 5,902 6,211 6,809 10,513 11,125 13,052 14,357
0 18 103 170 0 0 28 286 290 278 396 386
1,225 1,330 1,524 1,642 2,008 2,185 1,918 2,450 2,476 2,564 3,334 3,991
Total Liabilities 4,957 5,403 6,138 6,776 7,397 8,172 8,242 9,629 13,364 14,051 16,866 18,819
998 1,090 1,265 1,546 1,958 2,297 2,374 2,672 2,808 2,850 2,865 2,876
CWIP 51 100 186 141 234 255 297 201 312 101 202 138
Investments 1,967 1,896 2,698 2,674 1,969 2,199 2,071 3,059 6,036 6,341 8,621 9,972
1,941 2,317 1,989 2,414 3,236 3,421 3,501 3,698 4,208 4,759 5,179 5,834
Total Assets 4,957 5,403 6,138 6,776 7,397 8,172 8,242 9,629 13,364 14,051 16,866 18,819

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
647 324 1,340 430 517 1,004 914 1,413 20 848 1,997 1,298
-434 -213 -1,146 -307 -28 -766 -325 -1,277 275 -888 -1,617 -1,180
-168 -202 -150 -178 -421 -252 -509 -199 -225 -46 -230 -224
Net Cash Flow 45 -90 44 -55 67 -14 80 -62 71 -86 149 -106

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 32 30 32 30 37 37 30 32 35 32 29 35
Inventory Days 110 122 98 118 107 94 128 130 105 107 107 123
Days Payable 61 52 64 59 66 60 60 91 69 55 76 91
Cash Conversion Cycle 82 100 66 89 79 72 98 71 71 84 60 67
Working Capital Days 41 53 26 38 46 41 53 40 43 49 36 42
ROCE % 20% 21% 21% 20% 20% 20% 17% 15% 12% 11% 11% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99%
10.40% 10.48% 10.96% 12.32% 12.86% 12.81% 12.94% 13.57% 13.74% 12.31% 11.72% 11.60%
17.83% 17.82% 19.56% 18.92% 19.77% 19.05% 19.24% 18.57% 17.87% 17.96% 17.64% 17.15%
25.78% 25.71% 23.49% 22.76% 21.36% 22.14% 21.82% 21.88% 22.39% 23.73% 24.63% 25.25%
No. of Shareholders 8,37,7888,11,8407,30,8087,17,7856,94,1888,18,6818,63,8429,43,33110,75,62611,96,19012,81,23513,38,262

* 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.

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