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Amara Raja Energy & Mobility

ARE&M NSE
₹729.10 +32.50 (+4.67%)
P/E
13.63
View as Markdown
MCP
Close 4 Nov 2026 ₹729.10 −260.10 −26.3% 1Y
Start ₹989.20

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
13.40%
Debt to Equity
0.05
EPS (TTM)
₹53.50
Book Value
₹455.96
Market Cap
—
P/E (TTM)
13.63
P/B
1.60
ROE
8.26%
Dividend Yield
0.62%
EBITDA
₹1,603 Cr
52W High
₹1,017.30
52W Low
₹670.00
Day Range
₹698.15 – ₹747.60
Volume
31,47,860

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

Amara Raja Energy & Mobility peer comparison
Samvardhana Motherson International
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
Amara Raja Energy & Mobility (this company)
₹729.1013.63₹13,622 Cr1.600.62%8.26%13.40%₹14,240 Cr₹979 Cr
Median 8 companies₹1,504.8560.53₹61,893 Cr8.180.43%11.85%16.10%₹19,134 Cr₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
51
Average
Returns, margins, earnings quality 22% weight
Valuation
86
Strong
Cheap vs sector & own history 24% weight
Growth
47
Average
Sales & profit trajectory 9% weight
Financial Health
73
Strong
Solvency, leverage, coverage 9% weight
Momentum
17
Poor
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.0%

Weaknesses

1
  • Company has a low return on equity of 11.1% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
48.27
Neutral
MACD (12,26,9)
−21.01
Bullish
SMA (50)
783.06
Bearish
SMA (200)
830.99
Bearish

As of

Analyst Rating

Based on 14 analysts
HOLD43%

5 of 14 analysts rate Buy, 6 Hold, 3 Sell.

As of

BUY
5
36%
HOLD
6
43%
SELL
3
21%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.36%
5Y+13.64%
3Y+9.25%
1Y+9.22%
TTM+12.80%

Net profit

Net profit growth by window
10Y+7.02%
5Y+8.44%
3Y+9.89%
1Y+0.62%
TTM+7.11%

Operating cash flow

Operating cash flow growth by window
10Y+9.21%
5Y+10.81%
3Y+11.91%
1Y−2.55%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−6.41 pp
5Y−4.17 pp
3Y−2.51 pp
1Y−1.72 pp
TTM−1.58 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹5,317 Cr
Mar 2018₹6,059 Cr
Mar 2019₹6,793 Cr
Mar 2020₹6,839 Cr
Mar 2021₹7,150 Cr
Mar 2022₹8,696 Cr
Mar 2023₹10,390 Cr
Mar 2024₹11,260 Cr
Mar 2025₹12,405 Cr
Mar 2026₹13,549 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹478 Cr
Mar 2018₹471 Cr
Mar 2019₹483 Cr
Mar 2020₹661 Cr
Mar 2021₹647 Cr
Mar 2022₹511 Cr
Mar 2023₹731 Cr
Mar 2024₹906 Cr
Mar 2025₹964 Cr
Mar 2026₹970 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹439 Cr +14.2% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk medium

Amara Raja Energy & Mobility trades at ₹729.1 as of 2026-11-04 with a market cap of ₹13,622 Cr, a P/E of 13.63x and a near-debt-free balance sheet (D/E of 0.05). The company has delivered 11% compounded sales growth over 10 years but profit growth has been weak at 3% over the same period, and the stock is down 25% over the past year from its 52-week high of ₹1,017.3.

Bull Case 6
  • Virtually debt-free with a debt-to-equity ratio of just 0.05, providing significant financial flexibility for future investments and resilience during downturns.
  • Consistent revenue expansion with 10-year compounded sales growth of 11% and TTM sales growth of 13%, indicating sustained demand for its products.
  • Healthy dividend payout ratio of 20.0%, reflecting a disciplined capital allocation policy and commitment to returning cash to shareholders.
  • ROCE of 14.39% indicates the company is generating reasonable returns on total capital employed, above typical cost-of-capital thresholds.
  • Trading at ₹729.1 versus a 52-week high of ₹1,017.3 — a roughly 28% correction — which has compressed valuation multiples for potential mean-reversion.
  • 3-year and 5-year compounded sales growth of 9% and 14% respectively demonstrate an acceleration in top-line momentum in recent years.
Bear Case 8
  • 10-year compounded profit growth of just 3% against 11% sales growth signals persistent margin compression and an inability to convert revenue into bottom-line gains.
  • TTM profit growth is -6%, and 3-year compounded profit growth is also -6%, showing an active earnings decline in recent periods.
  • Return on equity has deteriorated from a 10-year average of 14% to 11% over 3 years and just 8% in the last year, reflecting weakening capital efficiency.
  • The stock has delivered a -25% return over the past 1 year and a -3% CAGR over 10 years, meaning long-term shareholders have seen capital erosion.
  • Current ROE of 11.06% is below what many investors consider adequate compensation for equity risk in an industrial business.
  • Dividend yield of only 0.62% provides minimal income cushion for shareholders amid a declining share price.
  • 5-year stock CAGR of 0% and 5-year compounded profit growth of 0% indicate a prolonged period of stagnation for both earnings and share price.
  • The energy and mobility transition poses structural risk as the shift toward lithium-ion and newer chemistries could pressure the company's legacy lead-acid battery franchise, as evidenced by the widening gap between sales growth and profit growth.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

12h ago

TL;DR: Limited news flow for ARE&M this period, with the only development being the creation of a new service-focused subsidiary. The ₹100 crore Amaron Assist venture signals a strategic push into downstream automotive services and aftermarket presence. No material headwinds or strong catalysts emerged, so the near-term outlook hinges on broader sector dynamics and execution of this new vertical.

Neutral 1
  • New Amaron Assist subsidiary Nov 02

    ARE&M incorporated wholly owned subsidiary Amaron Assist Private Limited in Telangana with an approved initial investment of up to ₹100 crore via equity or debt. The new entity will focus on automotive maintenance, battery services, and vehicle care, with incorporation expected within two months.

Quarterly Results

₹ Cr
ARE&M quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
2,771
2,811
2,881
2,797
3,131
3,136
3,164
2,974
3,350
3,388
3,351
3,460
4,041
3,843
Expenses
2,402
2,401
2,447
2,389
2,701
2,695
2,748
2,632
2,963
2,982
2,976
3,083
3,634
3,457
Operating Profit
369
410
435
408
430
441
416
342
387
406
374
377
407
386
OPM %
13%
15%
15%
15%
14%
14%
13%
12%
12%
12%
11%
11%
10%
10%
Other Income
22
28
24
28
26
18
140
20
14
146
−17
209
16
18
Interest
8
6.22
8
10
9
13
11
9
10
8
9
13
11
13
Depreciation
117
121
120
121
118
122
123
128
129
138
141
140
140
140
PBT
266
309
331
305
329
324
422
224
261
406
207
433
272
251
Tax %
25%
27%
24%
25%
26%
26%
26%
26%
26%
25%
27%
26%
26%
25%
Net Profit
199
226
253
228
245
241
312
167
194
302
152
322
203
188
EPS (₹)
11.63
13.25
14.8
12.46
13.36
13.15
17.04
9.11
10.6
16.52
8.29
17.61
11.08
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
ARE&M profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,211
4,618
5,317
6,059
6,793
6,839
7,150
8,696
10,390
11,260
12,405
13,549
14,240
Expenses
3,507
3,793
4,465
5,174
5,838
5,741
6,033
7,666
8,939
9,635
10,771
11,998
12,675
Operating Profit
704
825
853
885
955
1,099
1,117
1,030
1,450
1,625
1,634
1,551
1,565
OPM %
17%
18%
16%
15%
14%
16%
16%
12%
14%
14%
13%
11%
11%
Other Income
41
44
47
65
43
55
86
71
27
98
199
344
353
Interest
0
6
6
5
7
12
11
15
30
33
42
41
41
Depreciation
134
141
191
230
261
301
319
396
450
479
492
548
559
PBT
610
723
702
714
730
841
873
690
997
1,211
1,299
1,307
1,318
Tax %
33%
32%
32%
34%
34%
21%
26%
26%
27%
25%
26%
26%
—
Net Profit
411
492
478
471
483
661
647
511
731
906
964
970
979
EPS (₹)
24.05
28.78
28.01
27.59
28.31
38.69
37.87
29.93
42.78
49.49
52.66
53.02
53.5
Div. Payout %
15%
15%
15%
15%
25%
28%
29%
15%
14%
20%
20%
20%
—

Balance Sheet

₹ Cr
ARE&M balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
17
17
17
17
17
17
17
17
17
18
18
18
Reserves
1,682
2,099
2,576
2,920
3,318
3,639
4,193
4,534
5,989
6,750
7,360
8,142
Borrowings
76
74
72
64
58
84
92
126
201
153
258
373
Other Liabilities
611
761
919
1,168
1,102
1,261
1,494
1,699
1,730
1,913
2,356
2,592
Total Liabilities
2,386
2,951
3,585
4,169
4,496
5,001
5,797
6,376
7,937
8,834
9,993
11,125
Fixed Assets
944
1,352
1,492
1,703
1,813
1,829
2,455
2,492
3,688
3,550
3,475
3,929
CWIP
86
123
240
226
315
827
399
830
234
322
844
588
Investments
16
20
147
35
20
156
281
78
486
1,479
1,998
2,585
Other Assets
1,340
1,456
1,706
2,204
2,348
2,188
2,662
2,976
3,529
3,483
3,676
4,023
Total Assets
2,386
2,951
3,585
4,169
4,496
5,001
5,797
6,376
7,937
8,834
9,993
11,125

Cash Flow

₹ Cr
ARE&M cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
395
555
553
322
541
1,177
802
633
956
1,314
1,375
1,340
Investing
−294
−387
−529
−236
−448
−831
−616
−482
−789
−1,072
−1,155
−1,265
Financing
−75
−164
−2
−138
−92
−364
−122
−213
−112
−242
−157
−126
Net Cash Flow
26
4
22
−52
1
−18
64
−62
55
0
64
−51
Free Cash Flow
−11
64
122
−64
13
477
306
−127
492
874
631
588
CFO/EBITDA
83
94
89
64
82
129
90
81
84
101
104
106

Ratios

ARE&M financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
48
47
39
47
41
34
40
33
27
33
34
31
Inventory Days
55
75
85
93
83
94
111
108
87
88
88
89
Days Payable
34
44
44
53
40
50
57
48
39
41
45
47
Cash Conversion Cycle
69
78
81
88
85
77
93
93
76
80
77
74
Working Capital Days
45
49
48
62
66
48
53
51
60
49
34
34
ROCE %
38%
36%
29%
25%
23%
23%
22%
16%
20%
19%
17%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Amara Raja Energy & Mobility insights

62 extracted metrics across FY01–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 32.86%
  • Public 29.22%
  • FIIs 17.24%
  • DIIs 14.93%
  • Others 5.75%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Amara Raja Energy & Mobility

What does Amara Raja Energy & Mobility Ltd do?
Amara Raja Batteries Limited (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. ARBL has prestigious OEMs as its clients.
Where is Amara Raja Energy & Mobility Ltd (ARE&M) listed?
Amara Raja Energy & Mobility Ltd trades as ARE&M on the NSE and under code 500008 on the BSE.
Which sector does Amara Raja Energy & Mobility Ltd belong to?
Amara Raja Energy & Mobility Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the PE ratio of Amara Raja Energy & Mobility Ltd?
Amara Raja Energy & Mobility Ltd trades at a PE ratio of 13.63 as of 4 Nov 2026, on earnings per share of ₹53.5, against a book value of ₹455.96 per share.
What is the 52-week high and low of Amara Raja Energy & Mobility Ltd?
Over the last 52 weeks Amara Raja Energy & Mobility Ltd has traded between ₹670 and ₹1,017.3 as of 4 Nov 2026.
Does Amara Raja Energy & Mobility Ltd pay dividends?
Amara Raja Energy & Mobility Ltd has a dividend yield of 0.62%.
What is the Return on Equity (ROE) of Amara Raja Energy & Mobility Ltd?
Amara Raja Energy & Mobility Ltd reported a return on equity of 8.26%. Its debt-to-equity ratio is 0.05.

Company Information

Amara Raja Batteries Limited (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. ARBL has prestigious OEMs as its clients. The Company's Industrial and Automotive batteries are exported to over 50 countries across the globe. In India, Amara Raja is the preferred supplier to major telecom service providers, Telecom equipment manufacturers, UPS sector (OEM & Replacement), Indian Railways and to Power, Oil & Gas among other industry segments. Termination of Shareholders Agreement (tie up) with Johnson Control

Website amararajabatteries.com
CEO Mr. Jayadev Galla
Employees 10,196
Listed 5 Sep 2003
Face Value ₹1

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