Amara Raja Energy & Mobility Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹567.24Overvalued by 30.23%vs CMP ₹813.00

P/E (19.0) × ROE (8.3%) × BV (₹446.00) × DY (1.30%)

₹638.80Overvalued by 21.43%vs CMP ₹813.00

MoS: -27.3% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹614.13	22%	Over (-24.5%)
Graham Number	Earnings	₹668.40	16%	Over (-17.8%)
Earnings Power	Earnings	₹383.20	13%	Over (-52.9%)
DCF	Cash Flow	₹669.46	13%	Over (-17.7%)
Net Asset Value	Assets	₹445.78	7%	Over (-45.2%)
EV/EBITDA	Enterprise	₹1,141.05	9%	Under (+40.4%)
Earnings Yield	Earnings	₹445.20	7%	Over (-45.2%)
ROCE Capital	Returns	₹768.38	9%	Fair (-5.5%)
Revenue Multiple	Revenue	₹677.68	5%	Over (-16.6%)
Consensus (9 models)		₹638.80	100%	Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 8.3%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 1:40 am +05:30. Annual results through Mar 2025; quarterly results through Sep 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹12,405.00 Cr, versus ₹11,260.00 Cr in Mar 2024 (10.2% year on year). Net profit for Mar 2025 was ₹964.00 Cr, versus ₹906.00 Cr in Mar 2024 (6.4% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹1,375.00 Cr against net profit of ₹964.00 Cr. Cash flow covered 1.43 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹373.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Amara Raja Energy & Mobility Ltd scores 74/100 (Strong)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health84/100 · Strong

ROCE 13.4% GoodROE 8.3% AverageD/E 0.01 Low debtInterest Coverage 39.1x StrongProfitable 5/5 available years Reported history

Smart Money40/100 · Moderate

FII holding stable No changeDII holding down 0.93% MF sellingPromoter holding at 32.9% Stable

Earnings Quality85/100 · Strong

CFO/NP ratio: 1.40x Cash-backed earningsOPM stable around 14% SteadyWorking capital: 34 days (improving) Efficient

Quarterly Momentum68/100 · Strong

Revenue (4Q): +8% YoY GrowingProfit (4Q): +1% YoY Positive

Industry Rank65/100 · Strong

P/E 19.0 vs industry 522.9 Lower P/EROCE 13.4% vs industry 21.2% Average3Y sales CAGR: 13% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 1:40 am

Market Cap	14,882 Cr.
Current Price	813
Intrinsic Value	₹638.80
High / Low	1,023/670
Stock P/E	19.0
Book Value	446
Dividend Yield	1.30 %
ROCE	13.4 %
ROE	8.26 %
Face Value	1.00
PEG Ratio	2.30

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Amara Raja Energy & Mobility Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Amara Raja Energy & Mobility Ltd	14,882 Cr.	813	1,023/670	19.0	446	1.30 %	13.4 %	8.26 %	1.00
HBL Power Systems Ltd	21,197 Cr.	764	1,122/603	26.4	79.9	0.39 %	59.3 %	45.3 %	1.00
Goldstar Power Ltd	278 Cr.	9.70	9.95/4.50	2,524	2.85	0.00 %	3.57 %	1.80 %	1.00
Exide Industries Ltd	36,231 Cr.	426	496/287	38.6	164	0.47 %	8.54 %	5.97 %	1.00
PAE Ltd	3.80 Cr.	29.2	29.2/0.98	6.23	1.90	0.10 %	%	%	10.0
Industry Average	18,147.00 Cr	408.38		522.85	138.93	0.45%	21.20%	15.33%	2.80

All Competitor Stocks of Amara Raja Energy & Mobility Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	2,699	2,637	2,433	2,771	2,811	2,882	2,797	3,131	3,136	3,164	2,974	3,350	3,388
Expenses	2,339	2,240	2,080	2,402	2,401	2,447	2,389	2,701	2,695	2,748	2,632	2,963	2,982
Operating Profit	360	397	353	369	410	435	408	430	441	416	342	387	406
OPM %	13%	15%	15%	13%	15%	15%	15%	14%	14%	13%	12%	12%	12%
Other Income	24	26	-25	22	28	24	28	26	18	140	20	14	146
Interest	5	6	8	8	8	8	10	9	13	11	9	10	8
Depreciation	102	115	124	117	121	120	121	118	122	123	128	129	138
Profit before tax	277	303	196	266	309	331	305	329	324	422	224	261	406
Tax %	27%	26%	28%	25%	27%	24%	25%	26%	26%	26%	26%	26%	25%
Net Profit	202	223	141	199	226	253	228	245	241	312	167	194	302
EPS in Rs	11.84	13.04	8.25	11.63	13.25	14.80	12.46	13.36	13.15	17.04	9.11	10.60	16.52

Last Updated: January 2, 2026, 1:04 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 6:46 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	3,437	4,211	4,618	5,317	6,059	6,793	6,839	7,150	8,696	10,390	11,260	12,405	13,063
Expenses	2,876	3,507	3,793	4,465	5,174	5,838	5,741	6,033	7,666	8,939	9,635	10,771	11,553
Operating Profit	560	704	825	853	885	955	1,099	1,117	1,030	1,450	1,625	1,634	1,509
OPM %	16%	17%	18%	16%	15%	14%	16%	16%	12%	14%	14%	13%	12%
Other Income	42	41	44	47	65	43	55	86	71	27	98	199	162
Interest	1	0	6	6	5	7	12	11	15	30	33	42	37
Depreciation	65	134	141	191	230	261	301	319	396	450	479	492	537
Profit before tax	537	610	723	702	714	730	841	873	690	997	1,211	1,299	1,098
Tax %	32%	33%	32%	32%	34%	34%	21%	26%	26%	27%	25%	26%
Net Profit	367	411	492	478	471	483	661	647	511	731	906	964	815
EPS in Rs	21.51	24.05	28.78	28.01	27.59	28.31	38.69	37.87	29.93	42.78	49.49	52.66	44.52
Dividend Payout %	15%	15%	15%	15%	15%	25%	28%	29%	15%	14%	20%	20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	11.99%	19.71%	-2.85%	-1.46%	2.55%	36.85%	-2.12%	-21.02%	43.05%	23.94%	6.40%
Change in YoY Net Profit Growth (%)	0.00%	7.72%	-22.55%	1.38%	4.01%	34.31%	-38.97%	-18.90%	64.07%	-19.11%	-17.54%

Amara Raja Energy & Mobility Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	13%
3 Years:	13%
TTM:	9%

Compounded Profit Growth
10 Years:	8%
5 Years:	6%
3 Years:	20%
TTM:	-12%

Stock Price CAGR
10 Years:	1%
5 Years:	6%
3 Years:	23%
1 Year:	-33%

Return on Equity
10 Years:	15%
5 Years:	14%
3 Years:	14%
Last Year:	12%

Last Updated: September 4, 2025, 11:00 pm

Balance Sheet

Last Updated: August 27, 2026, 6:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17	17	17	17	17	17	17	17	17	18	18	18
Reserves	1,682	2,099	2,576	2,920	3,318	3,639	4,193	4,534	5,989	6,750	7,360	8,142
Borrowings	76	74	72	64	58	84	92	126	201	153	258	373
Other Liabilities	611	761	919	1,168	1,102	1,261	1,494	1,699	1,730	1,913	2,356	2,592
Total Liabilities	2,386	2,951	3,585	4,169	4,496	5,001	5,797	6,376	7,937	8,834	9,993	11,125
Fixed Assets	944	1,352	1,492	1,703	1,813	1,829	2,455	2,492	3,688	3,550	3,475	3,929
CWIP	86	123	240	226	315	827	399	830	234	322	844	588
Investments	16	20	147	35	20	156	281	78	486	1,479	1,998	2,585
Other Assets	1,340	1,456	1,706	2,204	2,348	2,188	2,662	2,976	3,529	3,483	3,676	4,023
Total Assets	2,386	2,951	3,585	4,169	4,496	5,001	5,797	6,376	7,937	8,834	9,993	11,125

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	395	555	553	322	541	1,177	802	633	956	1,314	1,375	1,340
Cash from Investing Activity +	-294	-387	-529	-236	-448	-831	-616	-482	-789	-1,072	-1,155	-1,265
Cash from Financing Activity +	-75	-164	-2	-138	-92	-364	-122	-213	-112	-242	-157	-126
Net Cash Flow	26	4	22	-52	1	-18	64	-62	55	-0	64	-51
Free Cash Flow	-11	64	122	-64	13	477	306	-127	492	874	631	588
CFO/OP	83%	94%	89%	64%	82%	129%	90%	81%	84%	101%	104%	106%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	-11.00	64.00	122.00	-64.00	13.00	477.00	306.00	-127.00	492.00	874.00	631.00	588.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	48	48	47	39	47	41	34	40	33	27	33	34
Inventory Days	54	55	75	85	93	83	94	111	108	87	88	88
Days Payable	20	34	44	44	53	40	50	57	48	39	41	45
Cash Conversion Cycle	81	69	78	81	88	85	77	93	93	76	80	77
Working Capital Days	39	45	49	48	62	66	48	53	51	60	49	34
ROCE %	42%	38%	36%	29%	25%	23%	23%	22%	16%	20%	19%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	28.06%	28.06%	32.86%	32.86%	32.86%	32.86%	32.86%	32.86%	32.86%	32.86%	32.86%	32.86%
FIIs	24.64%	24.00%	24.46%	23.84%	22.33%	21.82%	20.71%	19.39%	17.97%	17.37%	17.31%	17.34%
DIIs	16.81%	17.91%	15.36%	14.55%	15.36%	14.81%	14.59%	14.00%	16.24%	17.12%	16.95%	15.31%
Public	30.50%	30.02%	27.33%	28.76%	29.43%	30.52%	31.86%	33.76%	32.93%	32.63%	32.88%	34.50%
No. of Shareholders	5,60,987	5,52,894	5,63,871	6,62,428	7,34,151	8,07,657	8,62,059	8,71,584	8,49,222	8,20,460	8,09,144	8,18,619

Shareholding Pattern Chart

No. of Shareholders

Amara Raja Energy & Mobility Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Franklin India Small Cap Fund	2,029,179	1.33	170.33	N/A	N/A	N/A
Nippon India Multi Cap Fund	1,524,916	0.26	128	2,009,854	2025-08-12 09:56:24	-24.13%
ICICI Prudential Multi Asset Fund	1,350,244	0.14	113.34	795,166	2026-02-23 01:05:10	69.81%
Franklin India Flexi Cap Fund	1,124,677	0.48	94.41	N/A	N/A	N/A
Bandhan Small Cap Fund	1,027,695	0.45	86.26	905,999	2026-02-23 01:05:10	13.43%
Sundaram Aggressive Hybrid Fund	909,044	0.96	76.31	781,904	2026-02-23 01:05:10	16.26%
ICICI Prudential Smallcap Fund	750,258	0.78	62.98	N/A	N/A	N/A
Sundaram Multi Cap Fund	545,651	1.64	45.8	513,604	2026-01-26 08:42:25	6.24%
Sundaram Business Cycle Fund	397,564	1.99	33.37	N/A	N/A	N/A
Franklin India ELSS Tax Saver Fund	374,730	0.49	31.45	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	51.62	51.05	40.66	30.01	37.87
Diluted EPS (Rs.)	51.62	51.05	40.66	30.01	37.87
Cash EPS (Rs.)	80.35	77.53	65.68	53.18	56.56
Book Value[Excl.RevalReserv]/Share (Rs.)	403.78	371.52	310.26	266.54	246.49
Book Value[Incl.RevalReserv]/Share (Rs.)	403.78	371.52	310.26	266.54	246.49
Revenue From Operations / Share (Rs.)	701.98	639.81	608.21	509.20	418.61
PBDIT / Share (Rs.)	94.65	96.66	84.55	64.52	70.44
PBIT / Share (Rs.)	65.92	70.20	59.54	41.35	51.75
PBT / Share (Rs.)	69.57	68.32	55.46	40.46	51.13
Net Profit / Share (Rs.)	51.62	51.06	40.66	30.01	37.87
NP After MI And SOA / Share (Rs.)	51.62	51.06	40.66	30.01	37.87
PBDIT Margin (%)	13.48	15.10	13.90	12.67	16.82
PBIT Margin (%)	9.39	10.97	9.78	8.12	12.36
PBT Margin (%)	9.91	10.67	9.11	7.94	12.21
Net Profit Margin (%)	7.35	7.98	6.68	5.89	9.04
NP After MI And SOA Margin (%)	7.35	7.98	6.68	5.89	9.04
Return on Networth / Equity (%)	12.78	13.74	13.10	11.25	15.36
Return on Capital Employeed (%)	15.35	17.71	17.92	14.56	19.78
Return On Assets (%)	9.29	10.40	9.74	8.03	11.15
Long Term Debt / Equity (X)	0.00	0.00	0.00	0.00	0.01
Total Debt / Equity (X)	0.01	0.01	0.00	0.01	0.01
Asset Turnover Ratio (%)	1.34	1.45	1.54	1.43	1.32
Current Ratio (X)	1.84	2.24	2.35	1.85	2.12
Quick Ratio (X)	0.88	1.11	1.17	0.66	1.04
Inventory Turnover Ratio (X)	6.20	3.77	3.85	3.68	3.40
Dividend Payout Ratio (NP) (%)	20.14	14.62	8.36	33.32	13.20
Dividend Payout Ratio (CP) (%)	12.94	9.63	5.17	18.80	8.84
Earning Retention Ratio (%)	79.86	85.38	91.64	66.68	86.80
Cash Earning Retention Ratio (%)	87.06	90.37	94.83	81.20	91.16
Interest Coverage Ratio (X)	39.10	51.47	65.40	72.98	114.25
Interest Coverage Ratio (Post Tax) (X)	19.82	28.19	34.61	34.95	62.43
Enterprise Value (Cr.)	18324.86	13854.51	9804.00	9126.71	14425.16
EV / Net Operating Revenue (X)	1.43	1.18	0.94	1.05	2.02
EV / EBITDA (X)	10.58	7.83	6.79	8.28	11.99
MarketCap / Net Operating Revenue (X)	1.43	1.19	0.95	1.05	2.04
Retention Ratios (%)	79.85	85.37	91.63	66.67	86.79
Price / BV (X)	2.48	2.05	1.87	2.01	3.46
Price / Net Operating Revenue (X)	1.43	1.19	0.95	1.05	2.04
EarningsYield	0.05	0.06	0.07	0.05	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Amara Raja Energy & Mobility Ltd and is it undervalued?

Amara Raja Energy & Mobility Ltd: the stored intrinsic value estimate is ₹638.80, compared with a stored share price of ₹813.00. The model value is 21.4% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Amara Raja Energy & Mobility Ltd?

The stored share price is ₹813.00. Price-data record updated: 24 September 2026, 1:40 am +05:30. This is not a live quote. The stored 52-week high / low is 1,023/670; this is a rolling range, not a financial-year range.

How have Amara Raja Energy & Mobility Ltd's revenue and profit changed?

Does Amara Raja Energy & Mobility Ltd's profit convert into cash?

What should I check in Amara Raja Energy & Mobility Ltd's balance sheet?

Reported borrowings were ₹373.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Amara Raja Energy & Mobility Ltd's P/E with other stocks?

The stored P/E is 19.00. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Amara Raja Energy & Mobility Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.