Exide Industries logo

Exide Industries

EXIDEIND NSE

Key Fundamentals

SmallcapAuto ComponentsAutomobiles
Market Cap
₹35,148 Cr
Volatility
Moderate
P/E Ratio
37.68
EBITDA
₹1,971 Cr
Return on Equity
6.17%
Debt to Equity
0.11
Book Value
₹163.59
EPS
₹10.29
52W High
₹496.4
52W Low
₹287

Tapetide Score

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

Key Insights

Strengths

2
  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 20.2%

Weaknesses

3
  • Stock is trading at 2.52 times its book value
  • The company has delivered a poor sales growth of 11.7% over past five years.
  • Company has a low return on equity of 6.22% over last 3 years.

Growth Rate

Revenue Growth
4.3% lower than 3Y
Net Income Growth
7.42% higher than 3Y
Cash Flow Change
89.58% higher than 3Y
ROE
7.49% higher than 3Y
ROCE
3.73% higher than 3Y
EBITDA Margin (Avg.)
-1.09% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Exide Industries Ltd commands a market cap of ₹35,148 Cr at a PE of 38.2x, with TTM sales growth of 8% and profit growth of 11%. The company has reduced debt and maintains a 20.2% dividend payout, but faces headwinds from a low 3-year ROE of 6% and a valuation of 2.57x book value.

Bull Case 7
  • Debt reduction strengthens the balance sheet, lowering financial risk and interest burden going forward
  • TTM profit growth of 11% outpaces TTM sales growth of 8%, indicating improving operational efficiency and margin expansion
  • 5-year stock CAGR of 18% reflects sustained investor confidence and wealth creation over a medium-term horizon
  • Consistent dividend payout of 20.2% signals management commitment to returning cash to shareholders
  • 5-year compounded sales growth of 12% shows reasonable top-line expansion driven by automotive and industrial battery demand
  • 10-year stock CAGR of 9% demonstrates long-term compounding despite cyclical headwinds in the auto sector
  • 3-year stock CAGR of 16% suggests the market has re-rated the stock, potentially pricing in the lithium-ion and energy storage opportunity
Bear Case 8
  • 3-year ROE of just 6% is well below the cost of equity, indicating poor capital efficiency and weak return generation
  • PE of 38.2x is elevated for a company delivering only 2% compounded profit growth over 10 years, suggesting stretched valuations
  • Price-to-book of 2.57x is high relative to the 6% ROE, meaning investors are paying a premium for sub-par returns on equity
  • 10-year compounded profit growth of just 2% highlights chronic earnings stagnation over a full business cycle
  • 5-year compounded profit growth of only 1% indicates that top-line gains have not translated into meaningful bottom-line improvement
  • Dividend yield of 0.48% offers minimal income cushion, providing little downside protection at current valuations
  • 3-year compounded sales growth of 6% has decelerated from the 5-year rate of 12%, suggesting a slowing demand trajectory
  • Last year ROE of 6% shows no improvement over the 3-year average, indicating persistent capital efficiency challenges

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Neutral 1
  • ₹200Cr infusion in EV subsidiary Aug 18

    Exide Industries invested ₹200 crore in its wholly owned subsidiary Exide Energy Solutions, bringing cumulative investment in the unit to ₹5,102 crore.

TL;DR: Limited news flow for Exide Industries this period. The company continues to fund its EV battery subsidiary Exide Energy Solutions with steady capital infusions, now totaling ₹5,102 crore — a long-term bet on the energy transition. No immediate headwinds or catalysts are visible; watch for updates on the subsidiary's commercialization progress and returns on the large capital deployed.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
4,245
4,372
3,980
4,173
4,436
4,450
4,017
4,335
4,695
4,365
4,201
4,735
5,528
Expenses
3,807
3,872
3,548
3,725
3,963
3,978
3,592
3,907
4,157
3,973
3,748
4,247
4,907
Operating Profit
438
499
432
448
473
472
425
428
538
391
452
488
621
OPM %
10%
11%
11%
11%
11%
11%
11%
10%
11%
9%
11%
10%
11%
Other Income
23
38
25
5
16
40
13
44
28
54
5
4
27
Interest
24
30
32
31
30
34
54
35
32
40
25
27
20
Depreciation
132
141
145
142
144
146
145
148
149
152
149
138
142
PBT
304
366
281
281
316
332
238
290
385
253
283
327
487
Tax %
26%
26%
28%
34%
30%
30%
33%
35%
29%
31%
31%
34%
28%
Net Profit
224
270
203
186
221
233
158
188
275
174
195
217
351
EPS in Rs
2.62
3.17
2.36
2.17
2.59
2.72
1.84
2.2
3.21
2.02
2.28
2.53
4.12
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
9,471
9,477
11,179
12,808
14,721
14,471
10,359
12,789
15,078
16,770
17,238
17,995
18,829
Expenses
8,528
8,289
9,805
11,400
13,159
13,014
8,994
11,387
13,485
14,946
15,433
16,119
16,875
Operating Profit
944
1,187
1,374
1,408
1,562
1,457
1,366
1,402
1,593
1,823
1,805
1,876
1,953
OPM %
10%
13%
12%
11%
11%
10%
13%
11%
11%
11%
10%
10%
10%
Other Income
94
59
102
21
148
40
132
3,725
125
88
113
91
91
Interest
9
79
153
114
117
108
37
64
79
120
160
129
111
Depreciation
155
175
226
267
344
418
394
440
502
560
582
589
582
PBT
874
992
1,097
1,048
1,249
972
1,068
4,623
1,138
1,231
1,176
1,249
1,351
Tax %
29%
29%
27%
34%
32%
22%
25%
6%
28%
28%
32%
31%
—
Net Profit
616
700
804
694
847
762
803
4,357
823
883
800
860
937
EPS in Rs
7.23
8.2
9.42
8.13
9.95
9.14
9.53
51.38
9.68
10.31
9.35
10.05
10.95
Div. Payout %
30%
29%
25%
30%
24%
45%
21%
4%
21%
19%
21%
20%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
58
115
187
60
89
196
509
520
588
1,123
2,017
1,575
Other Liabilities
9,989
10,866
12,546
14,326
16,235
17,549
20,625
2,799
3,037
4,140
5,459
5,737
Total Liabilities
13,887
15,370
17,765
19,815
22,431
24,213
28,406
13,902
14,758
18,149
21,390
21,218
Fixed Assets
1,781
1,975
2,259
2,681
3,080
3,248
3,599
3,361
3,682
3,853
3,935
4,006
CWIP
115
192
149
241
300
405
431
341
525
1,352
3,643
4,198
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
Other Assets
3,175
2,757
3,474
4,402
4,723
4,744
5,570
4,642
5,444
7,004
7,343
6,882
Total Assets
13,887
15,370
17,765
19,815
22,431
24,213
28,406
13,902
14,758
18,149
21,390
21,218
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
180
1,583
937
914
1,687
1,619
2,263
61
768
1,533
1,273
2,413
Investing
-61
-1,329
-727
-535
-1,438
-1,097
-2,082
66
-799
-1,458
-1,934
-1,551
Financing
-199
-167
-182
-386
-217
-532
-170
-172
-30
108
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
-217
-338
-652
1,293
CFO/OP
46
157
89
91
133
129
186
22
69
105
91
150
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
4
ROCE %
23%
26%
26%
23%
21%
17%
14%
11%
10%
10%
9%
9%

Insights

Beta

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

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Shareholding Pattern

Others6.99%Promot.45.99%FIIs10.63%Public17.09%DIIs19.30%As ofJun 2026

Documents

Frequently Asked Questions about Exide Industries

What does Exide Industries Ltd do?
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. [1]
Where is Exide Industries Ltd (EXIDEIND) listed?
Exide Industries Ltd trades as EXIDEIND on the NSE and under code 500086 on the BSE.
Which sector does Exide Industries Ltd belong to?
Exide Industries Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of Exide Industries Ltd?
Exide Industries Ltd has a market capitalisation of ₹35,148 Cr, which places it in the Large Cap band.
What is the PE ratio of Exide Industries Ltd?
Exide Industries Ltd trades at a PE ratio of 37.68, on earnings per share of ₹10.29, against a book value of ₹163.59 per share.
What is the 52-week high and low of Exide Industries Ltd?
Over the last 52 weeks Exide Industries Ltd has traded between ₹287 and ₹496.4.
Does Exide Industries Ltd pay dividends?
Exide Industries Ltd has a dividend yield of 0.48%.
What is the Return on Equity (ROE) of Exide Industries Ltd?
Exide Industries Ltd reported a return on equity of 6.17%. Its debt-to-equity ratio is 0.11.

Company Information

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

Website exideindustries.com
CEO Mr. Avik Kumar Roy
Employees 5,133
Listed 2003-06-17
Face Value ₹ 1
Issued Size 85,00,00,000

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