Exide Industries Ltd

Exide Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Exide Industries Ltd

₹ 178 0.51%
31 Mar - close price
exideindustries.com BSE: 500086 NSE : EXIDEIND
About

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

Key Points

Storage Batteries Segment (74% of revenues)
The company is the leading storage batteries manufacturer in India with leader in almost all categories in Automotive, Industrial, and submarine sectors.
Presently, Automotive sector accounts for 73% of revenues of the segment, followed by industrial (26%) and submarine (1%).[1]
The industrial battery customers are primarily from power, solar, railways, telecom, UPS sectors.[2]

Website BSE NSE
  • Market Cap ₹ 15,126 Cr.
  • Current Price ₹ 178
  • High / Low ₹ 194 / 130
  • Stock P/E 19.3
  • Book Value ₹ 129
  • Dividend Yield 1.12 %
  • ROCE 10.6 %
  • ROE 48.6 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 40.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%
  • Company has been maintaining a healthy dividend payout of 23.2%

Cons

  • The company has delivered a poor sales growth of 2.73% over past five years.
  • Earnings include an other income of Rs.3,920 Cr.

* 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
3,554 3,475 2,526 4,011 2,891 3,024 2,566 3,389 3,312 3,523 4,022 3,841 3,538
3,260 3,115 2,393 3,558 2,493 2,595 2,393 2,966 2,932 3,191 3,634 3,410 3,140
Operating Profit 294 360 133 453 399 429 173 423 379 332 387 431 398
OPM % 8% 10% 5% 11% 14% 14% 7% 12% 11% 9% 10% 11% 11%
-2 8 11 21 29 95 16 -27 -4 3,832 30 36 24
Interest 30 14 35 32 10 11 13 11 15 21 16 18 19
Depreciation 106 108 105 109 99 101 106 107 111 116 122 123 127
Profit before tax 156 246 4 333 319 412 69 278 250 4,026 280 326 276
Tax % 24% 4% 440% 23% 25% 22% 54% 30% 29% 2% 28% 26% 28%
Net Profit 118 236 -14 257 240 320 32 194 178 3,953 202 241 198
EPS in Rs 1.40 2.92 -0.13 3.03 2.84 3.79 0.39 2.31 2.10 46.58 2.39 2.84 2.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
4,726 5,272 6,308 8,254 9,471 9,477 11,179 12,808 14,721 14,471 10,359 12,789 14,924
3,765 4,523 5,452 7,385 8,528 8,289 9,805 11,400 13,159 13,014 8,994 11,387 13,375
Operating Profit 961 749 855 869 944 1,187 1,374 1,408 1,562 1,457 1,366 1,402 1,548
OPM % 20% 14% 14% 11% 10% 13% 12% 11% 11% 10% 13% 11% 10%
102 41 56 73 94 59 102 21 148 40 132 3,725 3,920
Interest 16 19 12 14 9 79 153 114 117 108 37 64 74
Depreciation 90 108 122 140 155 175 226 267 344 418 394 440 487
Profit before tax 957 663 777 787 874 992 1,097 1,048 1,249 972 1,068 4,623 4,907
Tax % 31% 30% 31% 31% 29% 29% 27% 34% 32% 22% 25% 6%
Net Profit 624 449 551 546 616 700 804 694 847 762 803 4,357 4,595
EPS in Rs 7.28 5.25 6.46 6.41 7.23 8.20 9.42 8.13 9.95 9.14 9.53 51.38 54.15
Dividend Payout % 21% 29% 25% 28% 30% 29% 25% 30% 24% 45% 21% 4%
Compounded Sales Growth
10 Years: 9%
5 Years: 3%
3 Years: -5%
TTM: 21%
Compounded Profit Growth
10 Years: 26%
5 Years: 40%
3 Years: 78%
TTM: 12%
Stock Price CAGR
10 Years: 4%
5 Years: -5%
3 Years: 11%
1 Year: 13%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 27%
Last Year: 49%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
85 85 85 85 85 85 85 85 85 85 85 85 85
Reserves 2,300 2,602 2,995 3,375 3,756 4,305 4,947 5,344 6,022 6,382 7,187 10,499 10,877
104 27 51 35 58 115 187 60 89 196 509 520 525
1,074 1,208 8,178 8,999 9,989 10,866 12,546 14,326 16,235 17,688 20,625 2,799 3,289
Total Liabilities 3,563 3,923 11,309 12,494 13,887 15,370 17,765 19,815 22,431 24,351 28,406 13,902 14,776
968 1,104 1,677 1,686 1,781 1,975 2,259 2,681 3,080 3,248 3,599 3,361 3,697
CWIP 52 27 61 63 115 192 149 241 300 405 431 341 321
Investments 861 993 6,787 7,890 8,817 10,446 11,884 12,490 14,328 15,816 18,807 5,558 5,935
1,682 1,797 2,784 2,855 3,175 2,757 3,474 4,402 4,723 4,883 5,570 4,642 4,823
Total Assets 3,563 3,923 11,309 12,494 13,887 15,370 17,765 19,815 22,431 24,351 28,406 13,902 14,776

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
448 602 399 872 180 1,583 937 914 1,687 1,619 2,263 61
-241 -333 -86 -591 -61 -1,329 -727 -535 -1,438 -1,097 -2,082 -42
-214 -229 -155 -215 -199 -167 -182 -386 -217 -532 -170 -172
Net Cash Flow -7 40 158 66 -79 87 28 -6 32 -9 11 -153

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 29 30 34 29 27 28 24 31 31 27 38 31
Inventory Days 144 122 126 118 129 106 131 120 107 138 144 120
Days Payable 82 73 89 100 82 96 93 91 81 92 130 78
Cash Conversion Cycle 92 79 71 47 74 37 61 60 56 73 52 74
Working Capital Days 53 40 40 12 22 2 16 23 17 23 -11 44
ROCE % 40% 26% 27% 24% 23% 26% 26% 23% 22% 17% 14% 11%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
45.99 45.99 45.99 45.99 45.99 45.99 45.99 45.99 45.99 45.99 45.99 45.99
9.41 9.08 9.75 10.39 11.95 11.82 9.74 9.63 10.13 10.40 10.48 10.96
23.48 22.87 23.12 27.26 24.56 23.31 21.69 20.61 19.16 17.83 17.82 19.56
21.12 22.06 21.13 16.36 17.49 18.87 22.58 23.77 24.71 25.78 25.71 23.49

* 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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