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Exide Industries Ltd Stock Analysis

Mid Cap
Evaluated by 9318 users | BSE: 500086 | NSE: EXIDEIND |
Batteries

Exide Industries Limited is a public company domiciled in India and is incorporated under the provisions of the Companies Act, 2013. Its shares are listed on three recognised stock exchanges in India. The company is primarily engaged in the manufacturing of...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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.
Exide Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 24.71%16.39%16.3%13.58%14.06%14.48%14.19%13.16%13.49%13.7%
Value Creation Index 0.970.260.250.040.080.110.090.010.04NA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4,5475,1106,0715,9646,8666,8547,5839,18610,5889,857
Y-o-Y Gr. Rt.-12.4%18.8%-1.8%15.1%-0.2%10.7%21.1%15.3%-6.9%
Adjusted EPS (Rs.) 7.285.536.175.76.437.388.098.098.979.81
Y-o-Y Gr. Rt.--24%11.6%-7.6%12.8%14.8%9.6%0%10.9%9.4%
Book Value per Share (Rs.) 31.9435.6739.9943.6247.4453.0858.463.470.4474.07
Adjusted Net Profit 618470524484547627688688762834
Net Op. Cash Flow (Rs. Cr.) 3985103606473251,3404305171,004914
Debt to Cash Flow from Ops 0.010000.050.080.4000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Exide Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9%7.5%9.1%-6.9%
Adjusted EPS 3.4%8.8%6.6%9.4%
Book Value per Share 9.89.38.35.2
Share Price 5.2% 4.6% -9.7% 24.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 24.9316.2216.1713.5314.0414.6414.5213.2813.413.58
Operating Profit Margin (%) 18.9113.6912.9713.6813.2514.914.2913.5513.3513.89
Net Profit Margin (%) 13.69.28.638.127.969.159.077.497.28.46
Debt to Equity 000000.020.03000
Working Capital Days 81918797989992107112124
Cash Conversion Cycle 37464551555148585869
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 45.99%
Institutions 36.51%
Non-Institutions 17.49%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Exide Industries Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Exide Industries Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Exide Industries Ltd's performance infers:

Exide Industries Ltd earnings have grown by 8.8%, whereas share price has appreciated 4.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Exide Industries Ltd share prices over the last 10 years. Here is what we found out:

Exide Industries Ltd share price has appreciated 1.7% annually over the past ten years.

Exide Industries Limited is a public company domiciled in India and is incorporated under the provisions of the Companies Act, 2013. Its shares are listed on three recognised stock exchanges in India. The company is primarily engaged in the manufacturing of Storage Batteries and allied products in India.

Business area of the company

The company

Exide Industries Limited is a public company domiciled in India and is incorporated under the provisions of the Companies Act, 2013. Its shares are listed on three recognised stock exchanges in India. The company is primarily engaged in the manufacturing of Storage Batteries and allied products in India.

Business area of the company

The company is a leader in energy storage and management solutions. It is the only company in the world manufacturing the lead acid industry’s most comprehensive range of products and services.

Products

  • Automotive Batteries
  • Industrial Batteries
  • Genset Batteries
  • Solar Batteries
  • Inverter Batteries
  • Home UPS Systems
  • Submarine Batteries
  • E-Rickshaw Vehicles

Awards

2014:

  • Won the Green Tech Safety Award - 2014
  • Received Gold Award from Arogya World Trust for creating 'Healthy Workplace'
  • Received the Silver Recognition Award in OSH India Chennai 2014
  • Won the Tamil Nadu State Safety Award from the Labour Minister, Government of Tamil Nadu
  • Won Gold Award in Competition for Maintenance Personnel from ABK-AOTS DOSOKAI
  • Received 4+ star grading in quality and 5 star grading in delivery from HMI
  • Received the Quality Improvement Award - 2014 from M/s Hyundai
  • Received the MSIL - Design & Development Award for EIL SF R&D Taloja Plant, during MSIL Vendor Conference, Dubai
  • Won the Manufacturing Today - Runner Up Award for Excellence in Operation (Large) category
  • Awarded with GM-QSB Certificate for three years (2014-17)
  • Received 15th Annual Greentech Environment Award 2014 - Silver category

2015:

  • Excellence in Consistent TPM Commitment 2015
  • Quality Improvement Award 2015
  • Runner-Up in Excellence in Customer Service 2015
  • Runner-Up in Training and Skill Development 2015
  • 16th Annual Greentech Environment -Gold Award by Greentech in 2015
  • 16th Annual Greentech Environment -Silver Award by Greentech in 2015
  • Prime Minister Shram Shree Award
  • 3rd Position in 15th National Supervisory Skill Competition
  • 1st Rank in Delivery & Quality for Dec'15
  • 1st Rank in Delivery & Quality for Nov' 15
  • Supplier Quality Excellence Award 2015
  • Good Supplier Performance for July'15
  • 1st Prize in Slogan Competition in 2015
  • 1st Prize in Poem Competition in 2015
  • Poka-Yoke Competition Award (Platinum Award) in 2015
  • Poka-Yoke Competition Award (Gold Award) in 2015

2016:

  • CII-ITC Award 2016 for Commendable Achievement in SCM Sustainability
  • Golden Peacock Award for Excellence in Corporate Governance 2016
  • Manufacturing Today Award 2016
  • Greentech Safety Award 2016
  • Golden Peacock National Quality Award 2016
  • NCQC Excellence Awards - 2015-16
  • RCQC Excellence Awards - 2015-16
  • Frost & Sullivan Sustainability 4.0 Awards - 2016
  • 1st Rank in Delivery & Quality for Jan' 16

2017:

  • Greentech Safety Award 2017
  • Arogya Healthy Work Place Award 2017
  • Rashtra Vibhushan Award 2017
  • Golden Peacock Award for Sustainability
  • JIPM Japan's Award For Excellence

2018:

  • CII-ITC Sustainability Award 2018
  • CII Productivity Award 2018
  • Gold Award From Indus Towers For Technology Support

Milestones

  • 1920: Chloride Electrical Storage Co. (CESCO), UK set up trading operations in India as Import House
  • 1946: First factory established in Shamnagar, West Bengal
  • 1969: Second factory established in Chinchwad, Pune
  • 1976: R&D Centre established in Kolkata, West Bengal
  • 1981: Third factory established in Haldia, West Bengal
  • 1983: Exide becomes the first indigenous original equipment in a Maruti 800. Till then a Maruti car came with 100 per cent imported components.
  • 1995: Chloride Industries Limited renamed as 'Exide Industries Limited'
  • 1997: Fourth factory established in Hosur, Tamil Nadu
  • 1998: Takeover of the industrial undertakings of Standard Batteries Limited as a going concern
  • 2000: 100% acquisition of CBSEA, Singapore
  • 2003: Commissioning of plant at Bawal, Haryana
  • 2004: Increased ABM Ceylon holding to 61%
  • 2005: 50% acquisition of Exide Life Insurance Company Limited
  • 2007: Increased shareholding to 100% in Chloride Power Systems & Solutions Limited
  • 2008: Export plant set up in Haldia
  • 2010: Ahmednagar facility for MC batteries commenced production
  • 2011: Acquisition of first home UPS manufacturing facility at Roorkee
  • 2012: Acquisition of Second Home UPS manufacturing facility at Haridwar
  • 2013: Acquisition of remaining 50% shareholding in Exide Life Insurance Company Limited
  • 2017: 20 year legal battle with Exide Technologies comes to an end as the US company gives up its claim on the right to use the trade mark Exide in India in favour of Exide Industries Limited.
  • 2018: Exide enters the lithium-ion batteries industry through its Joint Venture with Leclanche SA
  • 2019: Exide enters E-Rickshaw business
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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