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ICRA reaffirms AAA rating to Exide Industries’ bank facilities

16 Apr 2014 Evaluate

Credit rating agency, ICRA has reaffirmed the AAA rating to the Rs 300 crore fund based bank facilities and the Rs 400 crore non fund based bank facilities of Exide Industries (EIL). The outlook on the long-term rating is ‘Stable’. The rating agency has also reaffirmed the A1+ rating to the Rs 50 crore Commercial Paper (CP) programme of the company.

The reaffirmation of the ratings takes into account the company’s dominant market position in the Indian lead acid storage battery industry, its well-diversified and established OEM customer base, strong brand equity and a large product portfolio with multiple brands positioned across the entire price spectrum.

Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. EIL is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country.

 

Exide Inds Share Price

388.45 -6.35 (-1.61%)
16-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Exide Inds 388.45
Amara Raja Energy 839.00
HBL Engineering 799.55
Eveready Inds. India 345.30
Indo-National 358.40
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