Exide Industries Ltd

Exide Industries Ltd

₹ 361 0.58%
05 May - 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] [2]
The company offers a diversified product portfolio, with batteries from 2.5Ah to 20,200Ah.
1) B2C Aftermarket: The company manufactures batteries for 2W, 3W, 4W, E-rickshaws, UPS, and solar for trade and aftermarket.
2) Institutional B2B:The company manufactures batteries for 2W, 3W, and 4W OEMs. In the infrastructure segment, it serves industries such as telecom, railways, power projects, traction, data centers, and industrial UPS. Additionally, it manufactures specialized batteries for submarines.
3) International Business: It manufactures automotive, traction, and UPS batteries. It has a presence in over 60 countries with nearly 8% of the standalone revenue. In FY25, onboarded 14 distributors for automotive batteries and 28 accounts for industrial batteries. [3]

  • Market Cap 30,664 Cr.
  • Current Price 361
  • High / Low 431 / 287
  • Stock P/E 35.6
  • Book Value 164
  • Dividend Yield 0.55 %
  • ROCE 8.79 %
  • ROE 6.19 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 20.2%

Cons

  • The company has delivered a poor sales growth of 11.7% over past five years.
  • Company has a low return on equity of 6.30% 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

Consolidated Figures in Rs. Crores / View Standalone

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
3,677 4,245 4,372 3,980 4,173 4,436 4,450 4,017 4,335 4,695 4,365 4,201 4,735
3,305 3,807 3,872 3,548 3,725 3,963 3,978 3,592 3,907 4,157 3,973 3,748 4,247
Operating Profit 372 438 499 432 448 473 472 425 428 538 391 452 488
OPM % 10% 10% 11% 11% 11% 11% 11% 11% 10% 11% 9% 11% 10%
36 23 38 25 5 16 40 13 44 28 54 5 4
Interest 21 24 30 32 31 30 34 54 35 32 40 25 27
Depreciation 131 132 141 145 142 144 146 145 148 149 152 149 138
Profit before tax 256 304 366 281 281 316 332 238 290 385 253 283 327
Tax % 29% 26% 26% 28% 34% 30% 30% 33% 35% 29% 31% 31% 34%
181 224 270 203 186 221 233 158 188 275 174 195 217
EPS in Rs 2.12 2.62 3.17 2.36 2.17 2.59 2.72 1.84 2.20 3.21 2.02 2.28 2.53
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
9,471 9,477 11,179 12,808 14,721 14,471 10,359 12,789 15,078 16,770 17,238 17,995
8,528 8,289 9,805 11,400 13,159 13,014 8,994 11,387 13,485 14,946 15,433 16,125
Operating Profit 944 1,187 1,374 1,408 1,562 1,457 1,366 1,402 1,593 1,823 1,805 1,870
OPM % 10% 13% 12% 11% 11% 10% 13% 11% 11% 11% 10% 10%
94 59 102 21 148 40 132 3,725 125 88 113 91
Interest 9 79 153 114 117 108 37 64 79 120 160 124
Depreciation 155 175 226 267 344 418 394 440 502 560 582 589
Profit before tax 874 992 1,097 1,048 1,249 972 1,068 4,623 1,138 1,231 1,176 1,249
Tax % 29% 29% 27% 34% 32% 22% 25% 6% 28% 28% 32% 31%
616 700 804 694 847 762 803 4,357 823 883 800 860
EPS in Rs 7.23 8.20 9.42 8.13 9.95 9.14 9.53 51.38 9.68 10.31 9.35 10.05
Dividend Payout % 30% 29% 25% 30% 24% 45% 21% 4% 21% 19% 21% 20%
Compounded Sales Growth
10 Years: 7%
5 Years: 12%
3 Years: 6%
TTM: 4%
Compounded Profit Growth
10 Years: 2%
5 Years: 1%
3 Years: 3%
TTM: 12%
Stock Price CAGR
10 Years: 10%
5 Years: 15%
3 Years: 25%
1 Year: -2%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 85 85 85 85 85 85 85 85 85 85 85 85
Reserves 3,756 4,305 4,947 5,344 6,022 6,382 7,187 10,499 11,047 12,801 13,828 13,820
58 115 187 60 89 196 509 520 588 1,123 2,017 1,575
9,989 10,866 12,546 14,326 16,235 17,549 20,625 2,799 3,039 4,140 5,459 5,740
Total Liabilities 13,887 15,370 17,765 19,815 22,431 24,213 28,406 13,902 14,760 18,149 21,390 21,220
1,781 1,975 2,259 2,681 3,080 3,248 3,599 3,361 3,685 3,853 3,935 4,267
CWIP 115 192 149 241 300 405 431 341 525 1,352 3,643 3,938
Investments 8,817 10,446 11,884 12,490 14,328 15,816 18,807 5,558 5,106 5,940 6,468 6,131
3,175 2,757 3,474 4,402 4,723 4,744 5,570 4,642 5,444 7,004 7,343 6,885
Total Assets 13,887 15,370 17,765 19,815 22,431 24,213 28,406 13,902 14,760 18,149 21,390 21,220

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
180 1,583 937 914 1,687 1,619 2,263 61 768 1,531 1,273 2,413
-61 -1,329 -727 -535 -1,438 -1,097 -2,082 66 -799 -1,458 -1,934 -1,551
-199 -167 -182 -386 -217 -532 -170 -172 -30 110 515 -805
Net Cash Flow -79 87 28 -6 32 -9 11 -45 -61 183 -146 57
Free Cash Flow -149 1,161 497 108 1,001 1,024 1,771 -603 -219 -340 -652 1,293
CFO/OP 46% 157% 89% 91% 133% 129% 186% 22% 69% 105% 91% 150%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 27 28 24 31 31 27 38 31 30 30 36 32
Inventory Days 129 106 131 120 107 138 144 120 121 124 144 120
Days Payable 82 96 93 91 81 92 130 78 65 87 105 110
Cash Conversion Cycle 74 37 61 60 56 73 52 74 85 67 74 42
Working Capital Days 20 -3 10 22 16 21 -14 40 47 26 17 21
ROCE % 23% 26% 26% 23% 21% 17% 14% 11% 10% 10% 9% 9%

Insights

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Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2022 Mar 2023 Mar 2024 Nov 2025
Humsafar Tertiary Network Outlets
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Automotive Battery Production Capacity
Million Units
Captive Lead Smelting Capacity
MT p.a.
Industrial Power Capacity
Million Ah
Total Distribution/Dealer Network
Number
Lithium-ion Cell Manufacturing Target Phase 1
GWh
Solar Segment Revenue Contribution
INR Cr. ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99%
12.86% 12.81% 12.94% 13.57% 13.74% 12.31% 11.72% 11.60% 11.47% 10.88% 10.91% 10.30%
19.77% 19.05% 19.24% 18.57% 17.87% 17.96% 17.64% 17.15% 17.39% 18.46% 18.70% 19.12%
21.36% 22.14% 21.82% 21.88% 22.39% 23.73% 24.63% 25.25% 25.14% 24.66% 24.39% 24.59%
No. of Shareholders 6,94,1888,18,6818,63,8429,43,33110,75,62611,96,19012,81,23513,38,26213,04,14012,58,10712,20,67012,03,117

* 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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