Exide Industries Ltd
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. [1]
- 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
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
2d - In furtherance to our earlier intimation dated March 03 2023, whereby we had intimated about the approval and consequent receipt of the certified copy of …
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Update
17 Mar - Update on the proposed merger of subsidiaries of the Company.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
3 Mar - In furtherance to our letter dated 18th May 2022 wherein we had intimated the Stock exchanges about submission of Scheme of Amalgamation of Chloride Power …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 Mar
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Announcement under Regulation 30 (LODR)-Acquisition
28 Feb - "Exide Industries Limited'' (''the Company'') has entered into ''Share Subscription and Shareholders'' Agreement'' ('SSSA') and 'Power Purchase Agreements' dated 28th February 2023 with Ulric Renewables …
Annual reports
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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 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Nov 2022TranscriptPPT
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]