Is Exide Industries Ltd (EXIDEIND) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Exide Industries Ltd is a good quality company .

Is Exide Industries Ltd (EXIDEIND) undervalued or overvalued?

The key valuation ratios of Exide Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Exide Industries Ltd (EXIDEIND) share price return in the past 10 years?

Exide Industries Ltd share price has appreciated 9.2% annually (CAGR) over the past ten years.

Is Exide Industries Ltd (EXIDEIND) a good buy now?

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

What is the share price of Exide Industries Ltd (EXIDEIND)?

Company share prices are keep on changing according to the market conditions. The current trading price of Exide Industries Ltd (EXIDEIND) on 13-Apr-2026 16:59:59 at 16:59 is 324.85.

What is the market cap of Exide Industries Ltd (EXIDEIND)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Apr-2026 at 16:59, the market cap of Exide Industries stood at Rs. 27612.25 Cr.

What is the P/E ratio of Exide Industries?

The latest standalone P/E ratio of Exide Industries as of 13-Apr-2026 is 26.21.

What is the P/B ratio of Exide Industries Ltd (EXIDEIND)?

The latest standalone P/B ratio of Exide Industries Ltd (EXIDEIND) as of 13-Apr-2026 is 1.77.

What is the 52-week high and low of Exide Industries Ltd (EXIDEIND)?

The 52-week high of Exide Industries Ltd (EXIDEIND) is Rs. 430.85 and the 52-week low is Rs. 286.85.

What is the TTM revenue of Exide Industries Ltd (EXIDEIND)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Exide Industries is Rs. 16877.23 (Cr.).

Exide Industries Ltd (EXIDEIND) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Exide Industries Ltd (EXIDEIND)
Brand: Exide Industries

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	21%	20.1%	19.3%	21.9%	17%	15.8%	65.8%	11.4%	12%	10.8%	-
Value Creation Index ⓘ	0.6	0.5	0.4	0.6	0.3	0.2	3.9	-0.2	0.1	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6,854	7,583	9,186	10,588	9,857	10,041	12,410	14,592	16,029	16,588	16,877
Sales YoY Gr.	-	10.7%	21.1%	15.3%	-6.9%	1.9%	23.6%	17.6%	9.9%	3.5%	-
Adj EPS ⓘ	7.3	8.1	8.1	9	9.8	8.8	16.1	9.9	12	12.2	12.4
YoY Gr.	-	10.4%	0%	10.9%	9.4%	-10.7%	83.3%	-38.5%	21.5%	2.1%	-
BVPS (₹) ⓘ	53.1	58.4	63.4	70.4	74.1	81.1	124.7	131.9	154.6	169.9	183.5
Adj Net Profit ⓘ	623	688	688	762	834	745	1,365	839	1,019	1,041	1,053
Cash Flow from Ops. ⓘ	1,340	430	517	1,004	914	1,413	20.5	848	1,997	1,298	-
Debt/CF from Ops. ⓘ	0.1	0.4	0	0	0	0	0.5	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.3%	11%	10.2%	3.5%
Adj EPS ⓘ	5.9%	4.5%	-8.7%	2.1%
BVPSⓘ	13.8%	18.1%	10.9%	9.9%
Share Price	9.2%	12.6%	20.6%	-12%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	14.6	14.5	13.3	13.4	13.6	11.3	15.6	7.7	8.4	7.6	7
Op. Profit Mgn % ⓘ	14.9	14.3	13.6	13.4	13.9	13.5	11.3	10.8	11.7	11.4	11.1
Net Profit Mgn % ⓘ	9.1	9.1	7.5	7.2	8.5	7.4	11	5.8	6.4	6.3	6.2
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	-
Working Cap Days ⓘ	99	92	107	112	124	126	112	107	108	117	62
Cash Conv. Cycle ⓘ	51	48	58	58	69	67	64	72	69	69	21

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.16%

Return on Equity has declined versus last 3 years average to 7.00%

Net Profit has been subdued in last 3 years -8.66%

Sales growth is not so good in last 4 quarters at 2.73%

	Standalone	Consolidated
TTM EPS (₹)	12.4	9.7
TTM Sales (₹ Cr.)	16,877	17,596
BVPS (₹) ⓘ	183.5	175.5
Reserves (₹ Cr.) ⓘ	15,514	14,834
P/BV ⓘ	1.77	1.85
PE ⓘ	26.21	33.44

From the Market
52 Week Low / High (₹)	286.85 / 430.85
All Time Low / High (₹)	1.93 / 620.00
Market Cap (₹ Cr.)	27,612
Equity (₹ Cr.)	85
Face Value (₹)	1
Industry PE ⓘ	23.9

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	6,854	7,583	9,186	10,588	9,857	10,041	12,410	14,592	16,029	16,588
Operating Expenses ⓘ +	5,837	6,500	7,944	9,176	8,490	8,684	11,011	13,023	14,157	14,694
Manufacturing Costs	469	565	609	665	652	581	693	807	879	920
Material Costs	4,241	4,715	6,010	6,970	6,266	6,580	8,580	10,199	11,068	11,389
Employee Cost	467	520	597	638	666	722	802	872	983	1,056
Other Costs ⓘ	659	701	728	903	906	803	936	1,146	1,226	1,329
Operating Profit ⓘ	1,017	1,083	1,242	1,413	1,367	1,357	1,399	1,569	1,873	1,894
Operating Profit Margin (%)	14.8%	14.3%	13.5%	13.3%	13.9%	13.5%	11.3%	10.8%	11.7%	11.4%
Other Income ⓘ +	52	104	58	39	64	65	80	132	85	96
Exceptional Items ⓘ	0	0	-42	108	-22	0	4,694	0	0	0
Interest ⓘ	3	5	7	7	11	25	40	30	50	45
Depreciation ⓘ	158	206	246	314	363	379	413	456	497	504
Profit Before Tax ⓘ	908	976	1,006	1,239	1,035	1,018	5,720	1,215	1,410	1,441
Tax ⓘ	284	282	338	395	210	260	1,036	311	357	365
Profit After Tax	624	694	668	844	826	758	4,684	904	1,053	1,077
PAT Margin (%)	9.1%	9.2%	7.3%	8.0%	8.4%	7.6%	37.8%	6.2%	6.6%	6.5%
Adjusted EPS (₹)	7.4	8.2	7.9	9.9	9.7	8.9	55.1	10.6	12.4	12.7
Dividend Payout Ratio (%)	33%	29%	31%	24%	42%	22%	4%	19%	16%	16%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	4,511	4,964	5,389	5,987	6,296	6,894	10,598	11,210	13,137	14,442
Share Capital ⓘ	85	85	85	85	85	85	85	85	85	85
Reserves ⓘ	4,426	4,879	5,304	5,902	6,211	6,809	10,513	11,125	13,052	14,357
Debt +	103	170	0	0	0	0	10	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	103	170	0	0	0	0	10	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	745	768	1,079	1,143	1,030	1,642	1,619	1,526	2,310	2,831
Others Liabilities ⓘ	780	874	929	1,043	916	1,094	1,071	1,199	1,406	1,546
Total Liabilities ⓘ	6,138	6,776	7,397	8,172	8,242	9,629	13,298	13,935	16,853	18,819
Fixed Assets
Net Fixed Assets ⓘ +	1,265	1,546	1,958	2,297	2,339	2,638	2,775	2,850	2,865	2,876
Gross Block	1,421	1,906	2,559	3,207	3,604	4,274	4,825	5,347	5,796	6,245
Accumulated Depreciation	155	360	601	910	1,264	1,636	2,051	2,497	2,930	3,369
CWIP ⓘ	186	141	234	255	297	201	312	101	202	138
Investments ⓘ	2,698	2,674	1,969	2,199	2,071	3,059	6,036	6,341	8,621	9,972
Inventories	1,134	1,527	1,760	1,804	2,192	2,346	2,465	2,989	3,249	3,827
Trade Receivables	604	622	943	1,081	815	887	1,194	1,274	1,264	1,577
Cash Equivalents	74	20	87	74	155	91	161	74	223	116
Others Assets ⓘ	178	246	445	462	373	407	355	305	429	314
Total Assets ⓘ	6,138	6,776	7,397	8,172	8,242	9,629	13,298	13,935	16,853	18,819

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1,340	430	517	1,004	914	1,413	20	848	1,997	1,298
PBT ⓘ	908	976	1,006	1,239	1,035	1,018	5,720	1,215	1,410	1,441
Adjustment ⓘ	122	121	217	185	343	363	-4,304	408	470	493
Changes in Working Capital ⓘ	578	-385	-356	-47	-216	304	-348	-454	487	-264
Tax Paid ⓘ	-268	-281	-350	-373	-249	-272	-1,047	-321	-371	-373
Cash Flow From Investing Activity ⓘ +	-1,146	-307	-28	-766	-325	-1,277	275	-888	-1,617	-1,180
Capex	-395	-416	-771	-551	-465	-338	-578	-349	-484	-424
Net Investments	-786	25	705	-50	202	-872	216	207	351	123
Others ⓘ	34	83	38	-165	-62	-66	638	-746	-1,484	-879
Cash Flow From Financing Activity ⓘ +	-150	-178	-421	-252	-509	-199	-225	-46	-230	-224
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	-4	-6	-6	-7	-4	-15	-6	-6	-10
Dividend Paid ⓘ	-195	-203	-245	-204	-485	-170	-170	0	-170	-170
Others ⓘ	46	28	-170	-42	-17	-24	-40	-41	-54	-44
Net Cash Flow ⓘ	44	-55	67	-14	80	-62	71	-86	149	-106

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	14.62	14.64	12.91	14.84	13.44	11.5	53.56	8.29	8.65	7.81
ROCE (%)	21.03	20.13	19.25	21.91	17.04	15.81	65.83	11.42	11.99	10.78
Asset Turnover Ratio	1.34	1.32	1.33	1.36	1.2	1.12	1.08	1.07	1.04	0.93
PAT to CFO Conversion(x)	2.15	0.62	0.77	1.19	1.11	1.86	0	0.94	1.9	1.21
Working Capital Days
Receivable Days	27	26	30	35	35	31	31	31	29	31
Inventory Days	63	57	63	61	74	82	71	68	71	78
Payable Days	53	51	49	51	56	62	49	36	41	52

About Exide Industries Ltd

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

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Exide Industries Ltd (EXIDEIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Exide Inds Share Price