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Amara Raja Energy & Mobility Ltd (ARE&M)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500008 NSE: ARE&M Batteries | Small Cap | Amara Raja Energy Share Price

₹850.25 -9.45 (-1.10%)

As on 05-Jun'26 16:59

Amara Raja Energy & Mobility Ltd (ARE&M)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500008 NSE: ARE&M Batteries | Small Cap | Amara Raja Energy Share Price

₹850.25 -9.45 (-1.10%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹15,735 Cr.
Current Price
₹850.3
52-Week Low / High
₹671 / 1,058
TTM EPS
₹53
TTM Sales
₹13,549 Cr.
Book Value per Share
₹445.9
P/E Ratio
16.21
Lower than its 5-year historical median
Industry PE
24.5
Price to Book (P/B)
1.93
Lower than its 5-year historical median
Price to Sales (P/S)
1.16
Lower than its 5-year historical median
EV/EBITDA
9.71
In line with its 5-year historical median
Dividend Yield
1.05%
Profitability Efficiency
Return on Equity (ROE)
13.63%
Outperforms industry median
Return on Capital Employed (ROCE)
18.70%
Outperforms industry median
Return on Assets (ROA)
10.24%
Operating Profit Margin
13.2%
Net Profit Margin
7.77%
Gross Profit Margin
13.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.16%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.38%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
6.41%
Asset Quality
Promoter Holding
32.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹8,142 Cr.
Equity
₹18.3 Cr.
Face Value
₹1
All Time Low / High
₹1.67 / 1774.90

Amara Raja Energy & Mobility stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
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Q.1 Is Amara Raja Energy & Mobility Ltd a good quality company?
Amara Raja Energy & Mobility Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Amara Raja Energy & Mobility Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Amara Raja Energy & Mobility Ltd vs industry peers?
Amara Raja Energy & Mobility Ltd revenue CAGR is 12.65%, compared to the industry median CAGR of 5.68%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Amara Raja Energy & Mobility Ltd?
Promoters hold 32.86% of the Amara Raja Energy & Mobility Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Amara Raja Energy & Mobility Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -1.4% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Amara Raja Energy & Mobility Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ36.7%29.2%25.4%23.1%24%22.2%16%19.2%19.2%18.7%-
Value Creation
Index ⓘ		1.71.20.90.70.80.70.20.40.40.4-

Growth Parameters ⓘ
Sales ⓘ4,6185,3176,0596,7936,8397,1508,69610,39011,26012,40513,549
Sales YoY Gr.-15.2%14%12.1%0.7%4.5%21.6%19.5%8.4%10.2%-
Adj EPS ⓘ28.327.626.727.738.13728.843.748.547.153
YoY Gr.--2.8%-3.3%4%37.5%-3%-22%51.5%11%-2.9%-
BVPS (₹) ⓘ123.9151.8172195.3214246.5266.5312.2369.9403.2445.9
Adj Net
Profit ⓘ		484471455473651631493746888862970
Cash Flow from Ops. ⓘ5555533225411,1778026339561,3141,375-
Debt/CF from Ops. ⓘ0.10.10.20.10000.100.1-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ11.6%12.7%12.6%10.2%
Adj EPS ⓘ5.8%4.3%17.8%-2.9%
BVPSⓘ14%13.5%14.8%9%
Share Price 0.2% 2.3% 11.2% -15%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		25.42016.515.118.616.111.314.113.912.212.5
Op. Profit
Mgn % ⓘ		17.91614.614.116.115.611.81414.413.211.4
Net Profit
Mgn % ⓘ		10.58.97.579.58.85.77.27.977.2
Debt to
Equity ⓘ		00000000000
Working Cap
Days ⓘ		92871061171171171101071069850
Cash Conv.
Cycle ⓘ		4748596561626357565418

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales4,6185,3176,0596,7936,8397,1508,69610,39011,26012,405
Operating Expenses ⓘ + 3,7954,4685,1765,8425,7416,0357,6758,9569,63910,777
Manufacturing Costs226246266305327328400529465541
Material Costs2,9113,4884,1164,6444,4474,7456,1216,9987,5348,407
Employee Cost 243278309345385426499651699747
Other Costs ⓘ 4164564845485825376557789401,082
Operating Profit ⓘ 8238498839511,0981,1151,0211,4341,6211,628
Operating Profit Margin (%) 17.8%16.0%14.6%14.0%16.1%15.6%11.7%13.8%14.4%13.1%
Other Income ⓘ + 465066485588809110295
Exceptional Items ⓘ 0000000-480111
Interest ⓘ 6657121115303342
Depreciation ⓘ 141191230261301319396450479492
Profit Before Tax ⓘ 7237027147308418736909971,2111,299
Tax ⓘ 231224243247180227179266305335
Profit After Tax 492478471483661647511731906964
PAT Margin (%) 10.7%9.0%7.8%7.1%9.7%9.1%5.9%7.0%8.0%7.8%
Adjusted EPS (₹)28.828.027.628.338.737.929.942.849.552.7
Dividend Payout Ratio (%)14.80%15.20%15%25%28.40%29.10%15%14.30%20%19.90%

Valuation of Amara Raja Energy - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2,1162,5932,9373,3353,6564,2104,5515,3336,7697,378
Share Capital ⓘ 17171717171717171818
Reserves ⓘ 2,0992,5762,9203,3183,6394,1934,5345,3166,7507,360
Debt +726958473423178026145
Long Term Debt7269584734231780260
Short Term Debt000000000145
Minority Interest0000000000
Trade Payables3494185925106157468067598401,047
Others Liabilities ⓘ 4135045806036968171,0011,7661,2001,424
Total Liabilities ⓘ 2,9513,5854,1694,4965,0015,7976,3767,9378,8349,993

Fixed Assets

Net Fixed Assets ⓘ +1,3521,4921,7031,8131,8292,4552,4923,6883,5503,475
Gross Block1,4861,8162,2532,6162,9273,8634,2505,7245,9036,262
Accumulated Depreciation1343235508041,0981,4081,7572,0352,3532,787
CWIP ⓘ 123240226315827399830234322844
Investments ⓘ 201473520156281784861,4791,998
Inventories6028171,0501,0611,1431,4381,8041,7331,8102,036
Trade Receivables5925707827696367877938901,0171,143
Cash Equivalents 150171111728517654100104165
Others Assets ⓘ 112147260446325261326805552332
Total Assets ⓘ 2,9513,5854,1694,4965,0015,7976,3767,9378,8349,993

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 5555533225411,1778026339561,3141,375
PBT ⓘ 7237027147308418736909971,2111,299
Adjustment ⓘ 123167197237283258383502459396
Changes in Working Capital ⓘ -73-114-345-184289-130-241-287-278
Tax Paid ⓘ -218-202-244-242-236-200-199-256-329-328
Cash Flow From Investing Activity ⓘ + -394-535-244-463-850-635-482-789-1,072-1,154
Capex -490-430-385-528-700-496-760-465-440-744
Net Investments 86-11013562-123-115214-54-13039
Others ⓘ 10664-27-2464-270-502-450
Cash Flow From Financing Activity ⓘ + -164-2-138-92-364-122-213-112-242-157
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -2-2-9-5-12-12-11-11-58-53
Interest Paid ⓘ -0-0-1-1-5-4-7-16-19-25
Dividend Paid ⓘ -1610-107-71-331-85-171-58-137-190
Others ⓘ 0-0-22-15-16-20-25-27-29112
Net Cash Flow ⓘ -316-61-13-3746-6255-064

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)25.7720.3217.0415.4218.9116.4511.6714.7914.9713.63
ROCE (%)36.7229.1625.3923.0624.0422.2415.9919.219.2318.7
Asset Turnover Ratio1.881.831.611.571.441.321.481.511.391.37
PAT to CFO Conversion(x)1.131.160.681.121.781.241.241.311.451.43
Working Capital Days
Receivable Days40.4035.5039.6041.7037.5036.3032.1028.5029.9030.60
Inventory Days35.9043.3054.7056.7058.8065.9065.9059.8055.5054.60
Payable Days38.3040.2044.8043.3046.2052.4046.3040.8038.7041

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Amara Raja Energy & Mobility Ltd FAQs

The current trading price of Amara Raja Energy on 05-Jun-2026 16:59 is ₹850.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Amara Raja Energy stood at ₹15,734.7 Cr

The latest P/E ratio of Amara Raja Energy as of 04-Jun-2026 is 16.21.

The latest P/B ratio of Amara Raja Energy as of 04-Jun-2026 is 1.93.

The 52-week high of Amara Raja Energy is ₹1,058 and the 52-week low is ₹671.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amara Raja Energy is ₹13,549 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Amara Raja Energy & Mobility Ltd is a good quality company.

The key valuation ratios of Amara Raja Energy & Mobility Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Amara Raja Energy & Mobility Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Amara Raja Energy & Mobility Ltd

Amara Raja Batteries (ARBL), the flagship company of the Amara Raja Group, is a leading manufacturer of automotive batteries under the brands - Amaron and PowerZone, which are distributed through a large pan-India sales & service retail network. The company's Industrial and Automotive batteries are exported to several countries across the globe. It is the first company to manufacture Valve Regulated Lead-Acid (VRLA) batteries in India. They are engineered to provide the performance reliability and consistency over the life of the product and they offer a long battery life with minimal maintenance. In India, the company 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. 

The company’s manufacturing facilities are equipped with state-of-the-art machines and technology. Each plant is designed to improve shop floor efficiencies by adopting globally recognized concepts such as Lean Six Sigma, 5S and Quality Circle projects. The manufacturing facilities have imbibed low-cost automation to reduce operator fatigue which helps in improving product quality and person productivity. Its World-Class integrated manufacturing facilities are constantly evolving and are ever ready to adopt the latest technological advancements. Its in-house R & D centre, which is recognized by Government of India, ensures constant innovation and best in class products.

Business area of the company

The company 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. Amara Raja Automotive Batteries offers a wide range of battery solutions in Passenger Vehicles, Three Wheelers, Two Wheelers, Commercial Vehicles, Farm Vehicles, and Home UPS/Inverters. Besides, Amara Raja Industrial Batteries offers a broad range of battery solutions in segments like UPS, Telecom, Railways, Defence and Motive.

Products

  • PowerStack
  • Amaron Sleek 
  • Amaron Volt 
  • Genpro 
  • Amaron Quanta
  • Amaron Quanta-HWS 
  • Amaron Quanta -HUPS
  • Amaron Brute
  • Amaron Solar
  • Amaron Quanta S-XEL

Awards and Accolades

  • 2013: Received the Gold Award for support in the SME category in the event organized by Indus Towers.
  • 2014: Presented with the Silver Award for support in the category 'Infra - Equipment’ in event organized by Indus Towers.
  • 2016: Bagged recognition for being 'Telecom Infra Leader' in the Power Solutions Category for the year 2016 at the 24th Annual CyberMedia ICT Awards.
  • 2016: Received the Gold Award for support in the category 'Infra-Equipment' in event organized by Indus Towers.
  • 2017: Received an award from Tata Motors and this award is in recognition for its excellence in the field of QCDM parameters (Excellence in Quality, Delivery, and Relationship Building).
  • 2017: Bagged 'India's Most Promising Company of The Year 2016-2017' award during the 12th CNBC TV18 India Business Leader Awards that was held in Delhi.
  • 2017: Received awards for 'Consistent High-Quality Performance' and 'Design & Development' from Maruti Suzuki India.
  • 2017: Received Overall Performance Award – Bosch.
  • 2017: Amara Raja Group Small Battery Division has won the First Runner Award in Eleventh CII Six Sigma National Conference and Competition under the 'Manufacturing Industry (Discrete and Assembly Line)' category.
  • 2018: Received first prize in AP Green awards 2017 under Industries (Private) category from A.P. Greening and Beautification Corporation, Government of Andhra Pradesh.
  • 2018: Presented with Gold Award for support in the category 'Infra Equipment- Supply in the event organized by Indus Towers.
  • 2018: Received an award for 'High-Quality Performance' from Bajaj Auto.
  • 2018: Received an award for 'Best Vendor Rating and System Audit' from Maruti Suzuki India.
  • 2018: Secured second place in 'Construction Safety' in a competition held during the quarterly award function in Maharashtra Circle.

History and Milestones

  • 1995: Incorporation of the company.
  • 1989: Inks technology agreement with GNB Batteries Inc.
  • 1990: Introduced VRLA technology in India.
  • 1991: Goes public.
  • 1991: Launched VRLA batteries for telecom application.
  • 1992: Commenced production of VRLA batteries.
  • 1993: Launched batteries for Indian Railways.
  • 1995: First export shipment of Industrial Batteries by company.
  • 1996: Launched VRLA batteries in Indian Railways for Rolling Stack Application.
  • 1997: Received ISO certification.
  • 1997: Diversified into automotive batteries and signed JV with Johnson Controls Inc.
  • 1998: Received QS-9000 certification.
  • 1998: Supply of first batch of automotive batteries to Ford India.
  • 2000: Launched Brand AMARON Automotive batteries.
  • 2001: Received ISO 14001 certification.
  • 2001: Corporate logo launched.
  • 2001: Inauguration of Automotive battery plant.
  • 2002: Industrial Batteries division (IBD) of company launched Quanta Branded UPS Batteries.
  • 2002: Automotive Batteries division (ABD) of company launched Amaron Hi Way and Amaron Harvest batteries.
  • 2004: Automotive Batteries division (ABD) of company launched Amaron PRO, Amaron GO, Amaron FRESH and Amaron SHIELD batteries.
  • 2007: Launched Brand Powerzone Automotive Batteries.
  • 2007: Inaugurated 2 Wheeler battery plant.
  • 2008: Launched Amaron Probike Rider, the first AGM batteries for two wheelers.
  • 2010: Unveiled new Amaron logo.
  • 2010: Launched Amaron Sleek and Amaron Volt brands for Industrial applications.
  • 2012: QRS series introduced for Telecom to aid efforts in reduction of diesel consumption.
  • 2012: Launched Amaron Current HUPS Tubular Batteries.
  • 2014: Inaugurated world’s largest integrated Medium Valve Regulated Lead Acid (MVRLA) battery plant at ARGC, Nunegundlapalli, Chittoor, Andhra Pradesh, India.
  • 2016: Inaugurated Tubular battery plant.
  • 2017: Launch of Amaron Brute brand for Motive Power by Industrial Batteries Division.
  • 2017: Inaugurated India’s largest and most advanced two wheeler battery plant at Amara Raja Growth Corridor (ARGC).
  • 2018: Incorporation of wholly owned subsidiary in Sharjah Airport International Free Zone (SAIF Zone).
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