Exide Industries share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –Exide Industries Limited is a manufacturer of batteries sold under Exide brand in India. Automotive companies’ original equipment and after-market parts supplier of these batteries are the company’s major clients. Exide Industries also provides its products for power, telecommunications, infrastructure, computer, railways, mining and defence industries.
Latest Update – Exide Industries Ltd’s net profit declined by -1.01% compared to the same period last year, amounting to ₹220.06Cr. Exide Industries Ltd’s quarterly growth is reflected in the 19.12% increase it has made in net profits over the last three months.
Exide Industries Overview
Contents
Manufacturing batteries plus our associated items are the major activities of Exide Industries Ltd in India. The diverse range of product offerings from the company enlists several categories of storage batteries which include but are not limited to Automotive, Inverter, Industrial, Home UPS systems etc.
| Company Name | Exide Industries |
| Listed at | NSE & BSE |
| Head Office | Door No 59E, Exide House, Chowringhee Road, Lala Lajpat Rai Sarani-700020. |
| Board Of Directors |
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| Official Website | exideindustries.com |
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Exide Industries Business Profile
In India, this company is the topmost producer of storage batteries leading in almost all categories such as Automotive, Industrial, and submarine sectors. Automotive batteries are manufactured by the company for such vehicles as 2 wheelers, 4 wheelers, 3 wheelers, E-rickshaws and H-UPS. Made from 2.5 Ah batteries for 2 wheelers to 260 Ah for Non vehicular ones. Industrial batteries are also produced in a range from 7 Ah to 3200 Ah for various applications including those meant for submarines.
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Lithium-ion foray
The company has forayed into this segment through:
Exide Energy Solutions Limited (ESSL)- In FY22, a WOS was set up for producing lithium-ion cells with a total designed capacity of 12 GWh and a project cost of Rs. 6,000 crore that will be executed in two phases. The company is into the production of advanced chemistry cells (cylindrical, pouch, prismatic). The company is also engaged into producing, assembling and selling battery modules and battery packs.
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Exide Energy Private Limited (EEPL) –The company’s WoS, which designs and produces Li-ion modules, packs, and Battery Management Systems for e-mobility (EV) and stationary power applications, operates in Prantij, Gujarat and has merged with EESL since March 24.
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Lithium-ion cell manufacturing facility
The organization is engaged in establishing a facility for manufacturing lithium-ion cells. This endeavor has led to the establishment of a wholly-owned subsidiary and the acquisition of 80 acres of land in the Hi-Tech Defense & Aerospace Park Phase 2, Bengaluru in partnership with SVOLT (China). The first phase must be finished by 2025.
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Distribution Network
As of FY24, the organization has an extensive distribution system consisting of warehouses and sales offices, along with more than 115,000 direct and indirect dealers throughout India. Exide operates over 1,700 Exide Care locations and more than 300 SF batteries Power Bay locations.
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Exide Industries Fundamentals & Quarterly Results
| Market Cap | ₹ 46,261 Cr. |
| Current Price | ₹ 544 |
| High / Low | ₹ 620 / 242 |
| Stock P/E | 54.6 |
| Book Value | ₹ 152 |
| Dividend Yield | 0.37 % |
| ROCE | 10.2 % |
| ROE | 7.05 % |
| Face Value | ₹ 1.00 |
| Debt to Equity | 0.09 |
| Debt Capacity | 0.19 |
| Debt Preceding Year | ₹ 588 Cr. |
| Debt | ₹ 1,123 Cr. |
| Reserves | ₹ 12,801 Cr. |
| EPS | ₹ 10.3 |
| EPS Last Year | ₹ 10.3 |
| Pledged Percentage | 0.00 % |
| FCF Prev Ann | ₹ -217 Cr. |
| EV/EBITDA | 25.2 |
| Industry P/E | 32.6 |
| PEG Ratio | 29.5 |
| Piotroski Score | 6.00 |
| Earnings Yield | 2.76 % |
| Sales Growth 5 Years | 2.64 % |
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Exide Quarterly Results
| Metric | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,523 | 4,022 | 3,841 | 3,538 | 3,677 | 4,245 | 4,372 | 3,980 | 4,173 |
| Expenses | 3,191 | 3,634 | 3,410 | 3,140 | 3,305 | 3,807 | 3,872 | 3,548 | 3,725 |
| Operating Profit | 332 | 387 | 431 | 398 | 372 | 438 | 499 | 432 | 448 |
| OPM % | 9% | 10% | 11% | 11% | 10% | 10% | 11% | 11% | 11% |
| Other Income | 3,832 | 30 | 36 | 24 | 36 | 23 | 38 | 25 | 5 |
| Interest | 21 | 16 | 18 | 19 | 21 | 24 | 30 | 32 | 31 |
| Depreciation | 116 | 122 | 123 | 127 | 131 | 132 | 141 | 145 | 142 |
| Profit Before Tax | 4,026 | 280 | 326 | 276 | 256 | 304 | 366 | 281 | 281 |
| Tax % | 2% | 28% | 26% | 28% | 29% | 26% | 26% | 28% | 34% |
| Net Profit | 3,953 | 202 | 241 | 198 | 181 | 224 | 270 | 203 | 186 |
| EPS (₹) | 46.58 | 2.39 | 2.84 | 2.34 | 2.12 | 2.62 | 3.17 | 2.36 | 2.17 |
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CAGR Report
| 10 Years | 5 Years | 3 Years | TTM/1 Year | |
|---|---|---|---|---|
| Compounded Sales Growth | 7% | 3% | 17% | 11% |
| Compounded Profit Growth | 5% | 2% | 2% | 7% |
| Stock Price CAGR | 13% | 24% | 45% | 118% |
| Return on Equity | 16% | 17% | 19% | 7% |
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 45.99% | 45.99% | 45.99% | 45.99% | 45.99% | 45.99% | 45.99% | 45.99% |
| FIIs | 10.61% | 9.93% | 9.41% | 11.95% | 10.13% | 12.32% | 13.57% | 13.74% |
| DIIs | 23.11% | 23.84% | 23.48% | 24.56% | 19.16% | 18.92% | 18.57% | 17.87% |
| Government | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 20.28% | 20.23% | 21.12% | 17.49% | 24.71% | 22.76% | 21.88% | 22.39% |
| No. of Shareholders | 1,27,079 | 1,49,444 | 1,92,859 | 3,60,771 | 8,04,288 | 7,17,785 | 9,43,331 | 10,75,62 |
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| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹734 | ₹940 | ₹1064 |
| 2025 | ₹1086 | ₹1021 | ₹1218 |
| 2026 | ₹1242 | ₹1167 | ₹1394 |
| 2027 | ₹1422 | ₹1336 | ₹1595 |
| 2028 | ₹1627 | ₹1529 | ₹1825 |
| 2029 | ₹1862 | ₹1750 | ₹2089 |
| 2030 | ₹2131 | ₹2003 | ₹2391 |
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| Month | Target |
| January | ₹1086 |
| February | ₹1108 |
| March | ₹1130 |
| April | ₹1092 |
| May | ₹1056 |
| June | ₹1021 |
| July | ₹1062 |
| August | ₹1104 |
| September | ₹1148 |
| October | ₹1171 |
| November | ₹1194 |
| December | ₹1218 |
| Month | Target |
| January | ₹1242 |
| February | ₹1267 |
| March | ₹1292 |
| April | ₹1249 |
| May | ₹1207 |
| June | ₹1167 |
| July | ₹1214 |
| August | ₹1263 |
| September | ₹1314 |
| October | ₹1340 |
| November | ₹1367 |
| December | ₹1394 |
| Month | Target |
| January | ₹1422 |
| February | ₹1450 |
| March | ₹1479 |
| April | ₹1430 |
| May | ₹1382 |
| June | ₹1336 |
| July | ₹1389 |
| August | ₹1445 |
| September | ₹1503 |
| October | ₹1533 |
| November | ₹1564 |
| December | ₹1595 |
| Month | Target |
| January | ₹1627 |
| February | ₹1660 |
| March | ₹1693 |
| April | ₹1637 |
| May | ₹1582 |
| June | ₹1529 |
| July | ₹1590 |
| August | ₹1654 |
| September | ₹1720 |
| October | ₹1754 |
| November | ₹1789 |
| December | ₹1825 |
| Month | Target |
| January | ₹1862 |
| February | ₹1899 |
| March | ₹1937 |
| April | ₹1872 |
| May | ₹1810 |
| June | ₹1750 |
| July | ₹1820 |
| August | ₹1893 |
| September | ₹1969 |
| October | ₹2008 |
| November | ₹2048 |
| December | ₹2089 |
| Month | Target |
| January | ₹2131 |
| February | ₹2174 |
| March | ₹2217 |
| April | ₹2143 |
| May | ₹2072 |
| June | ₹2003 |
| July | ₹2083 |
| August | ₹2166 |
| September | ₹2253 |
| October | ₹2298 |
| November | ₹2344 |
| December | ₹2391 |
Official Website – exideindustries.com