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Exide Industries Ltd (EXIDEIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500086 NSE: EXIDEIND Batteries | Small Cap | Exide Industries Share Price

₹412.65 -8.15 (-1.94%)

As on 11-Sep'26 16:59

Exide Industries Ltd (EXIDEIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500086 NSE: EXIDEIND Batteries | Small Cap | Exide Industries Share Price

₹412.65 -8.15 (-1.94%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹35,075 Cr.
Current Price
₹412.7
52-Week Low / High
₹287 / 496
TTM EPS
₹11
TTM Sales
₹18,829 Cr.
Book Value per Share
₹167.7
P/E Ratio
37.65
Higher than its 5-year historical median
Industry PE
23.4
Price to Book (P/B)
2.46
Higher than its 5-year historical median
Price to Sales (P/S)
1.86
Higher than its 5-year historical median
EV/EBITDA
17.49
Higher than its 5-year historical median
Dividend Yield
0.48%
Profitability Efficiency
Return on Equity (ROE)
6.18%
Underperforms industry median
Return on Capital Employed (ROCE)
9.04%
Underperforms industry median
Return on Assets (ROA)
4.05%
Operating Profit Margin
10.5%
Net Profit Margin
4.78%
Gross Profit Margin
10.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
4.1%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.95%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
7.42%
Asset Quality
Promoter Holding
45.99%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹14,171 Cr.
Equity
₹85 Cr.
Face Value
₹1
All Time Low / High
₹1.93 / 620.00

Exide Industries stock performance

Key Ratios
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Check Before You Invest

Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is Exide Industries Ltd a good quality company?
Exide Industries Ltd is a average quality company, based on a somewhat consistent 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.

View More

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.

View More
How does Exide Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Exide Industries Ltd vs industry peers?
Exide Industries Ltd revenue CAGR is 11.68%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Exide Industries Ltd?
Promoters hold 45.99% of the Exide Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Exide Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.4% based on the current price.
View More

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.
Exide Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ20.1%19.3%21.9%17%15.8%65.8%11.4%12%10.8%10.5%-
Value Creation
Index ⓘ		0.50.40.60.30.23.9-0.20.10.0-0.1-

Growth Parameters ⓘ
Sales ⓘ7,5839,18610,5889,85710,04112,41014,59216,02916,58817,26918,064
Sales YoY Gr.-21.1%15.3%-6.9%1.9%23.6%17.6%9.9%3.5%4.1%-
Adj EPS ⓘ8.18.199.88.816.19.91212.212.714.1
YoY Gr.-0%10.9%9.4%-10.7%83.3%-38.5%21.5%2.1%3.8%-
BVPS (₹) ⓘ58.463.470.474.181.1124.7131.9154.6169.9172.6177.4
Adj Net
Profit ⓘ		6886887628347451,3658391,0191,0411,0801,199
Cash Flow from Ops. ⓘ4305171,0049141,41320.58481,9971,2982,231-
Debt/CF from Ops. ⓘ0.400000.50000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ9.6%11.5%5.8%4.1%
Adj EPS ⓘ5.2%7.7%8.8%3.8%
BVPSⓘ12.8%16.3%9.4%1.6%
Share Price 8.4% 17.8% 15.7% -1.4%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		14.513.313.413.611.315.67.78.47.67.48.1
Op. Profit
Mgn % ⓘ		14.313.613.413.913.511.310.811.711.411.311.4
Net Profit
Mgn % ⓘ		9.17.57.28.57.4115.86.46.36.36.6
Debt to
Equity ⓘ		0000000000-
Working Cap
Days ⓘ		9210711212412611210710811711658
Cash Conv.
Cycle ⓘ		4858586967647269696318

Valuation of Exide Industries - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales11,17912,80814,72114,47110,35912,78915,07816,77017,23817,995
Operating Expenses ⓘ + 9,82811,43113,19113,0498,99311,38613,48514,94915,43316,119
Manufacturing Costs3,0473,1763,6273,7576448259401,0771,1221,113
Material Costs4,7586,0977,0736,4036,6878,67710,35311,39811,59712,192
Employee Cost 8689621,0341,1198179061,0031,1671,2961,372
Other Costs ⓘ 1,1561,1961,4571,7718459781,1891,3071,4171,442
Operating Profit ⓘ 1,3501,3771,5301,4221,3661,4031,5931,8211,8051,876
Operating Profit Margin (%) 12.1%10.7%10.4%9.8%13.2%11.0%10.6%10.9%10.5%10.4%
Other Income ⓘ + 126947298626212590113101
Exceptional Items ⓘ 0-42108-2200000-10
Interest ⓘ 153114117108376479120160129
Depreciation ⓘ 226267344418394440502560582589
Profit Before Tax ⓘ 1,0971,0481,2499729989611,1381,2311,1761,249
Tax ⓘ 293354402209265266315348375389
Profit After Tax 804694847762733694823883801860
PAT Margin (%) 7.2%5.4%5.8%5.3%7.1%5.4%5.5%5.3%4.6%4.8%
Adjusted EPS (₹)9.48.110.09.19.551.49.710.39.410.1
Dividend Payout Ratio (%)25.50%29.50%24.10%44.90%21%3.90%20.70%19.40%21.40%19.90%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5,0325,4296,1076,4677,27210,58411,13212,88613,91313,905
Share Capital ⓘ 85858585858585858585
Reserves ⓘ 4,9475,3446,0226,3827,18710,49911,04712,80113,82813,820
Debt +1855985671321882426471,5111,039
Long Term Debt191098682141222943906
Short Term Debt18450755947106101425568133
Minority Interest1618334746409152126
Trade Payables1,2161,5191,5771,6062,3741,8461,8562,7083,3453,676
Others Liabilities ⓘ 11,31712,78914,62916,16418,8531,1871,4101,8712,5992,432
Total Liabilities ⓘ 17,76519,81522,43124,35128,67713,84514,64918,12721,39021,079

Fixed Assets

Net Fixed Assets ⓘ +2,2592,6813,0803,2493,5993,3613,6823,8533,9354,006
Gross Block2,6553,3394,0724,6535,4225,5016,6256,8947,4928,110
Accumulated Depreciation3966589921,4051,8232,1402,9433,0413,5574,104
CWIP ⓘ 1492413004054313415251,3523,6434,198
Investments ⓘ 11,88412,49114,32815,81618,8075,5585,1065,9406,4686,131
Inventories1,7022,0052,0652,4152,6372,8553,4363,8694,5654,004
Trade Receivables7391,0941,2451,0611,0761,0981,2301,3821,6861,575
Cash Equivalents 324317350342354199140331188258
Others Assets ⓘ 7099861,0631,0661,7744325301,401904907
Total Assets ⓘ 17,76519,81522,43124,35128,67713,84514,64918,12721,39021,079
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 9379141,6871,6192,263617681,5331,2732,413
PBT ⓘ 1,0971,0481,2499729989611,1381,2311,1761,249
Adjustment ⓘ 6396819351,156401448503603655696
Changes in Working Capital ⓘ -507-448-110-248210-399-54387-181866
Tax Paid ⓘ -292-367-388-261-277-246-330-388-378-398
Cash Flow From Investing Activity ⓘ + -728-537-1,437-1,097-2,08066-799-1,458-1,934-1,551
Capex -441-806-686-595-492-664-985-1,871-1,925-1,120
Net Investments -357245-1,590-506-771224170394-27-452
Others ⓘ 69258384-81750716191921
Cash Flow From Financing Activity ⓘ + -182-386-217-532-170-172-30108515-805
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -2-10-12-4-13-35-48-71-112-83
Dividend Paid ⓘ -205-205-204-430-170-1700-170-170-170
Others ⓘ 25-171-0-97133318349797-551
Net Cash Flow ⓘ 27-833-1013-45-61183-14657
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)17.0713.2714.6912.1310.687.787.587.355.976.18
ROCE (%)25.7121.7123.3816.9614.8411.2610.9610.819.199.04
Asset Turnover Ratio0.730.70.70.620.390.61.061.020.870.85
PAT to CFO Conversion(x)1.171.321.992.123.090.090.931.741.592.81
Working Capital Days
Receivable Days21.9025.602929.1037.703128.2028.4032.5033.10
Inventory Days44.3051.7050.5056.508978.4076.2079.5089.3086.90
Payable Days82.2074.5072.6083.7096.50694551.3065.5075.80

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Exide Industries Ltd FAQs

The current trading price of Exide Industries on 11-Sep-2026 16:59 is ₹412.6.

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 10-Sep-2026 the market cap of Exide Industries stood at ₹35,075.3 Cr

The latest P/E ratio of Exide Industries as of 10-Sep-2026 is 29.27.

The latest P/B ratio of Exide Industries as of 10-Sep-2026 is 2.33.

The 52-week high of Exide Industries is ₹496.0 and the 52-week low is ₹286.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Exide Industries is ₹18,064 ( Cr.) .

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

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

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

About Exide Industries Ltd

Exide Industries stands as a leading player in battery manufacturing. The company is driving innovation in power storage and lead-acid solutions with a diverse portfolio that serves a wide range of industries. Its advanced manufacturing facilities enable it to deliver high-quality products across domestic and global markets. With innovation at the core, the company integrates cutting-edge technology to develop energy solutions that reduce environmental impact. 

Business area of the company

The company is primarily engaged in the manufacturing of storage batteries and allied products in India. Using the latest technological inputs, it manufactures batteries for the automotive, power, telecom, infrastructure projects, computer industries, as well as the railways, mining and defence sectors.

Products of the company

  • Automotive Batteries
  • Infrastructure Batteries
  • Inverter Batteries
  • Institutional UPS Batteries
  • Genset Batteries
  • Submarine Batteries
  • Exide's Solar Portfolio
  • Inverter Systems
  • Integrated Power Back-Up Systems
  • E-Rickshaw Vehicles

Awards and accolades 

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
2019

  • Tamil Nadu State Safety Award - EIL, Hosur
  • Certificate of Appreciation - BML Munjal Award 
  • QCFI Continual Improvement Award 
2020

  • 2nd position in CII 33rd Convention - State Level Competition on Quality Circle - EIL, Haldia
  • Supplier Convention Award for Continuous Support by Honda - EIL, Bawal
  • Outstanding Contribution by Achieving Zero Defect Supplies for the year 2020 by Toyota Kirloskar Motor Private Limited
  • Best Performance in Delivery for Dump Truck by Komatsu India Pvt Ltd 
2021

  • CII Quality Award 2021-22 (Jury Award) 
  • CII National Award for Excellence in Energy Management - EIL, Shyamnagar
  • CII National Award for Excellence in Energy Management - EIL, Chinchwad
  • Certificate of Sustainability by BW Businessworld 
  • 1st Runner Up in CII 34th Quality Circle Convention - West Bengal State Level - EIL, Shyamnagar
  • Mahindra Supplier Excellence Award 
2022

  • Best Company in Innovative Energy Management Control under the Green Energy Sector at the 2nd edition of Naya Bharat Business Conclave & Awards
  • SAP ACE Awards 2022 at the 16th edition of SAP Achievement in Customer Excellence Awards 
  • Cyber Security Excellence Award 2022 by Zscaler & Quantic 
  • Golden Peacock Award 2022 by Institute of Directors 
  • Technology Excellence Award 2022 in Information Technology by IBM and Quantic 
  • Tech Senate Award 2022 by The Indian Express Group 
2023

  • Recognition as one of the Top 50 most sustainable companies in the country at the 3rd Edition of 'The Sustainable World Conclave 2023' organized by BW Businessworld held in June 2023 at New Delhi.
  • Recognition as one of the Top 3 most Sustainable Companies in the country in the 'Capital Goods Sector' at the 3rd Edition of The Sustainable World Conclave 2023 organized by BW Businessworld held in June 2023 at New Delhi.
  • Exide felicitated with the 'The Economic Times - Sustainable Organisations 2023' Award at a prestigious event organised by the TOI group.
  • Exide Industries wins the TECHNOLOGY EXCELLENCE AWARD 2023 for 'Best in Analytics Implementation', at an event organized by HP & Quantic.
  • '7th CSR Excellence Awards' organized by the Institute of Company Secretaries of India 
2024

  • Exide has been honored with the Empowerment Award at The Bengal Chamber of Commerce & Industry's 3rd Social Leadership Conclave & Awards.
  • EIL recognized as one of Dun & Bradstreet India's 'Top 500 Value Creators 2024' in the Batteries category.
  • EIL ranked 12th at the 'Business World - India's Top 50 Most Sustainable Companies (IMSC) 2024 event'.
  • EIL was recognised as the Top company for leading the sustainability charter in India's capital goods sector for 2023-24 at the 'Business World - India's Top 50 Most Sustainable Companies (IMSC) 2024 event'.
  • EIL honoured with the prestigious title of 'India's Best Battery Manufacturer' at the ASSOCHAM Energy Meet & Excellence Awards 2024.
2025

  • EIL was honoured as a Clean Energy Champion at the Supplier Sustainability Summit by TVS Motor Company Ltd for driving renewable energy adoption and advancing sustainable solutions at its Bawal, Haryana facility.
  • British Safety Council (BSC) International Awards 2025 - EIL Hosur & Ahmednagar, for its commitment to world-class Environment, Health & Safety (EHS) standards.
  • EIL received the 'Special Support' award from Maruti Suzuki for 2024-25, in recognition of its Flawless Product Development for the Export Market.
  • Recognition from Bajaj Auto Ltd. for Quality and Delivery Performance to Exide Bawal and Ahmednagar.
2026

  • EIL recognised among India's Top 20 Procurement Champions in the India Procurement Ranking 2025 by the Institute of Supply Chain Management (ISCM).
  • EIL honored to be included in this year's S&P Global Sustainability Yearbook as a 'Member' and 'Industry Mover' within the Auto Components Industry.
  • Exide Chinchwad recognised with the Auto Supply Chain Champion Award at the 4th Auto Supply Chain Summit, organised by ISCM Forums.

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.
  • 2022: Exide Industries enters into agreement with SVOLT Energy Technology.
  • 2022: Exide Industries’ material wholly owned subsidiary -- Chloride Metals has started commercial production at its newly set-up green field manufacturing facility of battery recycling at Haldia, in the state of West Bengal.
  • 2023: Exide Industries’ material wholly owned subsidiary -- Chloride Metals (CML) has commenced commercial production at the newly set up green field lead acid battery recycling manufacturing facility at Plot No-F-219, Supa MIDC, Supa-Parner Industrial Park, Tal. Pamer, Dist. Ahmednagar, Maharashtra (SUPA facility) on August 14, 2023.
  • 2023: Exide Industries inks pact with Ulric Renewables
  • 2024: Exide Industries’ wholly-owned subsidiary -- Exide Energy Solutions (EESL), Hyundai Motor Company and Kia Corporation have entered into partnership for electric vehicle battery localisation in India. 
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