Exide Industries Ltd Stock Analysis

BSE: 500086 | NSE: EXIDEIND | Batteries | Small Cap

BSE Share Price 30-Nov-2023 12:43
284.50 -0.35 (-0.12%)

DeciZen - Make an Informed Decision on Exide Inds

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Exide Inds Price Chart

P/E Ratio (SA):
25.22
Market Cap:
24,212.3 Cr.
52-wk low:
170.5
52-wk high:
287.9
Bole Toh?

1. Is Exide Industries Ltd a good quality company?

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

2. Is Exide Industries Ltd 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 Fair zone.

3. Is Exide Industries Ltd a good buy now?

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

10 Year X-Ray of Exide Inds:

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.
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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.6%14.1%14.4%14.2%13.2%13.5%13.7%11.6%15.9%7.9%-
Value Creation Index 0.00.00.10.10.0-00.0-0.10.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5,9646,8666,8547,5839,18610,5889,85710,04112,41014,59215,128
YoY Gr. Rt. %-15.1%-0.2%10.7%21.1%15.3%-6.9%1.9%23.6%17.6%-
Adj EPS 5.76.47.38.18.199.88.816.19.911.3
YoY Gr. Rt. %-12.8%14%10.4%0%10.9%9.4%-10.7%83.3%-38.5%-
BVPS (₹) 43.647.453.158.463.470.474.181.1124.7131.9148.7
Adj Net Profit 4845476236886887628347451,365839960
Cash Flow from Ops. 6473251,3404305171,0049141,41320.5848-
Debt/CF from Ops. 00.10.10.400000.50-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.5%9.7%14%17.6%
Adj EPS 6.3%4.1%0.2%-38.5%
BVPS13.1%15.8%21.2%5.8%
Share Price 9.5% 1.6% 15.5% 50.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 13.51414.614.513.313.413.611.315.67.78.1
Op. Profit Mgn % 13.713.314.914.313.613.413.913.511.310.811.1
Net Profit Mgn % 8.189.19.17.57.28.57.4115.86.3
Debt to Equity 00000000000
Working Cap Days 97989992107112124126112107121
Cash Conv. Cycle 5155514858586967647257

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.97%

Return on Equity has declined versus last 3 years average to 8.00%

Net Profit has been subdued in last 3 years 0.20%

Sales growth is not so good in last 4 quarters at 6.14%

Latest Financials - Exide Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 11.3 10.2
TTM Sales (₹ Cr.) 15,128 15,832
BVPS (₹.) 148.7 147.3
Reserves (₹ Cr.) 12,554 12,439
P/BV 1.92 1.93
PE 25.22 27.82
From the Market
52 Week Low / High (₹) 170.50 / 287.85
All Time Low / High (₹) 1.93 / 304.65
Market Cap (₹ Cr.) 24,212
Equity (₹ Cr.) 85
Face Value (₹) 1
Industry PE 25.1

Management X-Ray of Exide Inds :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Exide Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Exide Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Exide Inds on 30-Nov-2023 12:43 is : 284.5.
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 30-Nov-2023 12:43 the market cap of Exide Inds stood at ₹ 24,212.3.
The latest PE ratio of Exide Inds as of 30-Nov-2023 12:43 is 25.22.
The latest PB ratio of Exide Inds as of 30-Nov-2023 12:43 is 1.92
The 52-week high of Exide Inds is ₹ 287.9 and the 52-week low is ₹ 170.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Exide Inds is ₹ 15,128 ( Cr.) .

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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