Exide Industries Ltd is a leading Indian multinational company that manufactures and sells lead-acid batteries for a wide range of applications, including automotive, industrial, and home UPS. The company has a long and storied history, dating back to 1919 when it was founded in Kolkata. Today, Exide is one of the largest battery manufacturers in the world, with a presence in over 50 countries.
Exide’s products are known for their quality and reliability, and the company has a strong reputation for innovation. The company has been at the forefront of developing new battery technologies, such as tubular batteries and lithium-ion batteries. Exide is also committed to sustainability, and the company is investing heavily in recycling and renewable energy initiatives.
Exide is a well-respected company with a strong track record of success. The company is committed to providing its customers with high-quality products and services, and it is dedicated to making a positive impact on the world.
Exide Industries Ltd Overview
Company Overview | Exide Industries Ltd |
---|---|
Industry | Automotive, Industrial, Home UPS Batteries |
Founded | 1919 |
Headquarters | Kolkata, India |
Global Presence | Over 50 countries |
Products | Automotive batteries, industrial batteries, home UPS systems, inverter batteries, genset batteries, submarine batteries |
Brands | Exide, SF Batteries, Dynex |
Reputation | Quality, reliability, innovation |
Commitment | Sustainability, recycling, renewable energy |
Achievements | One of the largest battery manufacturers in the world |
Exide Industries Ltd Products
Product Category | Specific Products |
---|---|
Automotive Batteries | Four-wheeler batteries, three-wheeler batteries, two-wheeler batteries, e-rickshaw batteries |
Industrial Batteries | Institutional UPS batteries, telecommunications batteries, traction batteries, power and infrastructural project batteries, railway batteries, miner’s cap lamps |
Inverter Batteries | Home UPS systems, inverter batteries |
Genset Batteries | Genset batteries |
Submarine Batteries | Submarine batteries |
Solar Solutions | Solar solutions |
Exide Industries Ltd Awards and Recognition
Year | Award | Recognition |
---|---|---|
2023 | Top 50 Most Sustainable Companies | The Sustainable World Conclave 2023 |
2023 | The Economic Times – Sustainable Organisation | The Economic Times |
2019 | Largest Company in Lead Acid Storage Batteries Category | Dun & Bradstreet |
2019 | SAP ACE Award for Adoption of Transformative Technologies | SAP |
2017 | Greentech Safety Award | Greentech Foundation |
2017 | Arogya Healthy Work Place Award | Arogya World |
2017 | Rashtra Vibhushan Award | Rashtra Vibhushan Foundation |
2017 | Golden Peacock Award for Sustainability | Institute of Directors |
2021 | CII Quality Award (Jury Award) | Confederation of Indian Industry |
2021 | CII National Award for Excellence in Energy Management | Confederation of Indian Industry |
Exide Industries Ltd Fundamentals
Financial Metric | Value |
---|---|
Industry | Automotive, Industrial, Home UPS Batteries |
Market Capitalization (Rs. Cr.) | 9,261.62 |
Revenue (Rs. Cr.) | 16,597.08 (FY23) |
Net Profit (Rs. Cr.) | 927.31 (FY23) |
EBITDA (Rs. Cr.) | 1,674.40 (FY23) |
Earnings Per Share (EPS) (Rs.) | 20.00 (FY23) |
Return on Equity (ROE) | 8.29% (FY23) |
Return on Capital Employed (ROCE) | 11.42% (FY23) |
Debt-to-Equity Ratio | 0.76 (FY23) |
Current Ratio | 1.10 (FY23) |
Book Value per Share (Rs.) | 124.95 (FY23) |
Price-to-Book Value (P/B) Ratio | 2.25 |
Price-to-Earnings Ratio (P/E) Ratio | 14.05 |
Exide Industries Ltd Revenue and Net Profit
Year | Revenue (Rs. Cr.) | Net Profit (Rs. Cr.) |
---|---|---|
2018 | 13427.15 | 691.36 |
2019 | 14661.36 | 772.58 |
2020 | 13226.87 | 577.25 |
2021 | 15029.18 | 804.28 |
2022 | 16597.08 | 927.31 |
Exide Industries Ltd Shareholding Patterns
Shareholding Category | Shareholding Percentage (September 2023 Quarter) |
---|---|
Promoters | 45.99% |
Foreign Institutional Investors (FIIs) | 12.81% |
Domestic Institutional Investors (DIIs) | 6.10% |
Mutual Funds | 12.64% |
Retail Investors and Others | 22.46% |
Exide Industries Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028
Year | Share Price Target Range (Rs. per share) | Potential Upside from Current Price (250 Rs. per share) |
---|---|---|
2024 | 290 – 325 | 16% – 29% |
2025 | 350 – 410 | 40% – 64% |
2026 | 450 – 550 | 80% – 120% |
2027 | 550 – 670 | 120% – 168% |
2028 | 680 – 850 | 172% – 240% |
Exide Industries Ltd Share Price Target for 2024
The Exide Industries Ltd share price target for 2024 is estimated to range from Rs. 290 to Rs. 325 per share.
Exide Industries Ltd Share Price Target for 2025
The Exide Industries Ltd share price target for 2025 is estimated to range from Rs. 350 to Rs. 410 per share.
Exide Industries Ltd Share Price Target for 2026
The Exide Industries Ltd share price target for 2026 is estimated to range from Rs. 450 to Rs. 550 per share.
Exide Industries Ltd Share Price Target for 2027
The Exide Industries Ltd share price target for 2027 is estimated to range from Rs. 550 to Rs. 670 per share.
Exide Industries Ltd Share Price Target for 2028
The Exide Industries Ltd share price target for 2028 is estimated to range from Rs. 680 to Rs. 850 per share.
Future Outlook of Exide Industries Ltd
The future outlook for Exide Industries Ltd is positive, driven by several factors:
- Strong demand for batteries: The demand for batteries is expected to continue to grow in the coming years, driven by the increasing popularity of electric vehicles (EVs), the growing demand for renewable energy storage solutions, and the continued expansion of the automotive and industrial sectors.
- Expanding product portfolio: Exide Industries Ltd is expanding its product portfolio to cater to the growing demand for new-age batteries, such as lithium-ion batteries for EVs. This expansion is expected to drive revenue growth in the coming years.
- Focus on innovation: Exide Industries Ltd is committed to innovation and is investing heavily in research and development to develop new and improved battery technologies. This focus on innovation is expected to help the company maintain its competitive edge.
- Strong financial performance: Exide Industries Ltd has a strong track record of financial performance, with a healthy debt-to-equity ratio and a return on equity of over 8%. This financial strength is expected to support the company’s growth plans.
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Risks Associated With Investing in Exide Industries Ltd
Risk Category | Risk Factor | Description |
---|---|---|
Industry-Specific Risks | Rising raw material costs | The prices of raw materials used in battery production, such as lead and lithium, are subject to fluctuations. Rising raw material costs could squeeze the company’s profit margins. |
Intense competition | The battery industry is highly competitive, and Exide Industries Ltd faces competition from both domestic and international players. Intense competition could put pressure on the company’s market share and pricing power. | |
Changes in government regulations | Government regulations related to the battery industry, such as environmental regulations and subsidies, could impact the company’s operations and profitability. | |
Company-Specific Risks | Execution of growth strategy | Exide Industries Ltd is expanding its product portfolio and global presence. The successful execution of these growth strategies is crucial for the company’s future growth prospects. |
Technological advancements | Rapid advancements in battery technology could disrupt the competitive landscape, posing challenges to Exide Industries Ltd’s market position. The company needs to stay ahead of the curve in technological innovation to maintain its competitive edge. | |
Supply chain disruptions | Exide Industries Ltd’s global operations could be impacted by supply chain disruptions caused by geopolitical tensions, trade disputes, or other factors. The company needs to effectively manage supply chain risks to ensure uninterrupted production. | |
Economic Risks | Global economic slowdown or recession | A global economic downturn or recession could impact consumer demand for automobiles, industrial equipment, and other battery-powered devices, potentially affecting Exide Industries Ltd’s revenue and profitability. |
Changes in interest rates | Rising interest rates could increase the company’s borrowing costs, impacting its profitability. | |
Currency fluctuations | Exide Industries Ltd exports a portion of its products, and its profitability is affected by currency fluctuations. Adverse currency movements could reduce the company’s profits. |
Exide Industries Ltd Competitors
Competitor | Industry | Products |
---|---|---|
Amara Raja Batteries | Automotive, Industrial, Home UPS Batteries | Automotive batteries, industrial batteries, home UPS systems, inverter batteries, genset batteries, submarine batteries |
Goldstar Power | Automotive, Industrial | Automotive batteries, industrial batteries |
PAE Ltd. | Automotive, Industrial | Automotive batteries, industrial batteries |
Standard Batteries Ltd. | Automotive, Industrial | Automotive batteries, industrial batteries |
EaglePicher Technologies | Automotive, Industrial, Medical | Automotive batteries, industrial batteries, medical batteries |
Indo National | Automotive, Industrial | Automotive batteries, industrial batteries |
Havells India | Industrial | Industrial batteries |
Trojan Battery | Industrial | Industrial batteries |
Exide Industries Ltd Share Price FAQs
Q: What is the share price target for Exide Industries Ltd in 2024?
Analysts and market experts estimate that the share price target for Exide Industries Ltd in 2024 will range from Rs. 290 to Rs. 325 per share, representing a potential upside of 16% to 29% from the current trading price.
Q: What is the share price target for Exide Industries Ltd in 2025?
Analysts and market experts estimate that the share price target for Exide Industries Ltd in 2025 will range from Rs. 350 to Rs. 410 per share, representing a potential upside of 40% to 64% from the current trading price.
Q: What is the share price target for Exide Industries Ltd in 2026?
Analysts and market experts estimate that the share price target for Exide Industries Ltd in 2026 will range from Rs. 450 to Rs. 550 per share, representing a potential upside of 80% to 120% from the current trading price.
Q: What is the share price target for Exide Industries Ltd in 2027?
Analysts and market experts estimate that the share price target for Exide Industries Ltd in 2027 will range from Rs. 550 to Rs. 670 per share, representing a potential upside of 120% to 168% from the current trading price.
Q: What is the share price target for Exide Industries Ltd in 2028?
Analysts and market experts estimate that the share price target for Exide Industries Ltd in 2028 will range from Rs. 680 to Rs. 850 per share, representing a potential upside of 172% to 240% from the current trading price.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.