Exide Industries Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 13, 2025, 3:30 pm

Market Cap	28,330 Cr.
Current Price	333
High / Low	620/290
Stock P/E	35.7
Book Value	163
Dividend Yield	0.59 %
ROCE	10.2 %
ROE	7.05 %
Face Value	1.00
PEG Ratio	-80.29

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Exide Industries Ltd

Competitors of Exide Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
PAE Ltd	4.79 Cr.	4.60	5.61/4.11		27.1	0.00 %	%	%	10.0
HBL Power Systems Ltd	17,514 Cr.	632	740/378	50.6	49.5	0.08 %	35.9 %	27.7 %	1.00
Goldstar Power Ltd	235 Cr.	9.75	16.6/9.65	76.2	1.22	0.00 %	17.5 %	15.5 %	1.00
Exide Industries Ltd	28,330 Cr.	333	620/290	35.7	163	0.59 %	10.2 %	7.05 %	1.00
Industry Average	15,359.67 Cr	244.84		54.17	60.21	0.17%	21.20%	16.75%	3.25

All Competitor Stocks of Exide Industries Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	3,312	3,523	4,022	3,841	3,538	3,677	4,245	4,372	3,980	4,173	4,436	4,450	4,017
Expenses	2,932	3,191	3,634	3,410	3,140	3,305	3,807	3,872	3,548	3,725	3,963	3,978	3,592
Operating Profit	379	332	387	431	398	372	438	499	432	448	473	472	425
OPM %	11%	9%	10%	11%	11%	10%	10%	11%	11%	11%	11%	11%	11%
Other Income	-4	3,832	30	36	24	36	23	38	25	5	16	40	13
Interest	15	21	16	18	19	21	24	30	32	31	30	34	54
Depreciation	111	116	122	123	127	131	132	141	145	142	144	146	145
Profit before tax	250	4,026	280	326	276	256	304	366	281	281	316	332	238
Tax %	29%	2%	28%	26%	28%	29%	26%	26%	28%	34%	30%	30%	33%
Net Profit	178	3,953	202	241	198	181	224	270	203	186	221	233	158
EPS in Rs	2.10	46.58	2.39	2.84	2.34	2.12	2.62	3.17	2.36	2.17	2.59	2.72	1.84

Last Updated: February 28, 2025, 8:08 pm

Below is a detailed analysis of the quarterly data for Exide Industries Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹4,017.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,450.00 Cr. (Sep 2024) to ₹4,017.00 Cr., marking a decrease of 433.00 Cr..
For Expenses, as of Dec 2024, the value is ₹3,592.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3,978.00 Cr. (Sep 2024) to ₹3,592.00 Cr., marking a decrease of 386.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹425.00 Cr.. The value appears to be declining and may need further review. It has decreased from 472.00 Cr. (Sep 2024) to ₹425.00 Cr., marking a decrease of 47.00 Cr..
For OPM %, as of Dec 2024, the value is 11.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 11.00%.
For Other Income, as of Dec 2024, the value is ₹13.00 Cr.. The value appears to be declining and may need further review. It has decreased from 40.00 Cr. (Sep 2024) to ₹13.00 Cr., marking a decrease of 27.00 Cr..
For Interest, as of Dec 2024, the value is ₹54.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 34.00 Cr. (Sep 2024) to ₹54.00 Cr., marking an increase of ₹20.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹145.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 146.00 Cr. (Sep 2024) to ₹145.00 Cr., marking a decrease of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹238.00 Cr.. The value appears to be declining and may need further review. It has decreased from 332.00 Cr. (Sep 2024) to ₹238.00 Cr., marking a decrease of 94.00 Cr..
For Tax %, as of Dec 2024, the value is 33.00%. The value appears to be increasing, which may not be favorable. It has increased from 30.00% (Sep 2024) to 33.00%, marking an increase of 3.00%.
For Net Profit, as of Dec 2024, the value is ₹158.00 Cr.. The value appears to be declining and may need further review. It has decreased from 233.00 Cr. (Sep 2024) to ₹158.00 Cr., marking a decrease of 75.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 1.84. The value appears to be declining and may need further review. It has decreased from ₹2.72 (Sep 2024) to 1.84, marking a decrease of ₹0.88.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:21 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	6,308	8,254	9,471	9,477	11,179	12,808	14,721	14,471	10,359	12,789	15,078	16,770	17,075
Expenses	5,452	7,385	8,528	8,289	9,805	11,400	13,159	13,014	8,994	11,387	13,485	14,946	15,258
Operating Profit	855	869	944	1,187	1,374	1,408	1,562	1,457	1,366	1,402	1,593	1,823	1,818
OPM %	14%	11%	10%	13%	12%	11%	11%	10%	13%	11%	11%	11%	11%
Other Income	56	73	94	59	102	21	148	40	132	3,725	125	88	75
Interest	12	14	9	79	153	114	117	108	37	64	79	120	149
Depreciation	122	140	155	175	226	267	344	418	394	440	502	560	577
Profit before tax	777	787	874	992	1,097	1,048	1,249	972	1,068	4,623	1,138	1,231	1,167
Tax %	31%	31%	29%	29%	27%	34%	32%	22%	25%	6%	28%	28%
Net Profit	551	546	616	700	804	694	847	762	803	4,357	823	883	798
EPS in Rs	6.46	6.41	7.23	8.20	9.42	8.13	9.95	9.14	9.53	51.38	9.68	10.31	9.32
Dividend Payout %	25%	28%	30%	29%	25%	30%	24%	45%	21%	4%	21%	19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-0.91%	12.82%	13.64%	14.86%	-13.68%	22.05%	-10.04%	5.38%	442.59%	-81.11%	7.29%
Change in YoY Net Profit Growth (%)	0.00%	13.73%	0.82%	1.22%	-28.54%	35.73%	-32.08%	15.42%	437.21%	-523.70%	88.40%

Exide Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	3%
3 Years:	17%
TTM:	5%

Compounded Profit Growth
10 Years:	5%
5 Years:	2%
3 Years:	2%
TTM:	-9%

Stock Price CAGR
10 Years:	6%
5 Years:	17%
3 Years:	29%
1 Year:	11%

Return on Equity
10 Years:	16%
5 Years:	17%
3 Years:	19%
Last Year:	7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:33 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	85	85	85	85	85	85	85	85	85	85	85	85	85
Reserves	2,995	3,375	3,756	4,305	4,947	5,344	6,022	6,382	7,187	10,499	11,047	12,801	13,740
Borrowings	51	35	58	115	187	60	89	196	509	520	588	1,123	1,867
Other Liabilities	8,178	8,999	9,989	10,866	12,546	14,326	16,235	17,688	20,625	2,799	3,037	4,140	4,592
Total Liabilities	11,309	12,494	13,887	15,370	17,765	19,815	22,431	24,351	28,406	13,902	14,758	18,149	20,284
Fixed Assets	1,677	1,686	1,781	1,975	2,259	2,681	3,080	3,248	3,599	3,361	3,682	3,853	4,061
CWIP	61	63	115	192	149	241	300	405	431	341	525	1,352	2,464
Investments	6,787	7,890	8,817	10,446	11,884	12,490	14,328	15,816	18,807	5,558	5,106	5,940	6,774
Other Assets	2,784	2,855	3,175	2,757	3,474	4,402	4,723	4,883	5,570	4,642	5,444	7,004	6,985
Total Assets	11,309	12,494	13,887	15,370	17,765	19,815	22,431	24,351	28,406	13,902	14,758	18,149	20,284

Below is a detailed analysis of the balance sheet data for Exide Industries Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹85.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹85.00 Cr..
For Reserves, as of Sep 2024, the value is ₹13,740.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹12,801.00 Cr. (Mar 2024) to ₹13,740.00 Cr., marking an increase of 939.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹1,867.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹1,123.00 Cr. (Mar 2024) to ₹1,867.00 Cr., marking an increase of 744.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹4,592.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹4,140.00 Cr. (Mar 2024) to ₹4,592.00 Cr., marking an increase of 452.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹20,284.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹18,149.00 Cr. (Mar 2024) to ₹20,284.00 Cr., marking an increase of 2,135.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹4,061.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,853.00 Cr. (Mar 2024) to ₹4,061.00 Cr., marking an increase of 208.00 Cr..
For CWIP, as of Sep 2024, the value is ₹2,464.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,352.00 Cr. (Mar 2024) to ₹2,464.00 Cr., marking an increase of 1,112.00 Cr..
For Investments, as of Sep 2024, the value is ₹6,774.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹5,940.00 Cr. (Mar 2024) to ₹6,774.00 Cr., marking an increase of 834.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹6,985.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹7,004.00 Cr. (Mar 2024) to ₹6,985.00 Cr., marking a decrease of 19.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹20,284.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹18,149.00 Cr. (Mar 2024) to ₹20,284.00 Cr., marking an increase of 2,135.00 Cr..

Notably, the Reserves (₹13,740.00 Cr.) exceed the Borrowings (1,867.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	399	872	180	1,583	937	914	1,687	1,619	2,263	61	768	1,531
Cash from Investing Activity +	-86	-591	-61	-1,329	-727	-535	-1,438	-1,097	-2,082	66	-799	-1,458
Cash from Financing Activity +	-155	-215	-199	-167	-182	-386	-217	-532	-170	-172	-30	110
Net Cash Flow	158	66	-79	87	28	-6	32	-9	11	-45	-61	183

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	804.00	834.00	886.00	-114.00	-186.00	-59.00	-88.00	-195.00	-508.00	-519.00	-587.00	0.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	34	29	27	28	24	31	31	27	38	31	30	30
Inventory Days	126	118	129	106	131	120	107	138	144	120	121	124
Days Payable	89	100	82	96	93	91	81	92	130	78	65	87
Cash Conversion Cycle	71	47	74	37	61	60	56	73	52	74	85	67
Working Capital Days	40	12	22	2	16	23	17	23	-11	44	50	37
ROCE %	27%	24%	23%	26%	26%	23%	21%	17%	14%	11%	10%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%
FIIs	10.13%	10.40%	10.48%	10.96%	12.32%	12.86%	12.81%	12.94%	13.57%	13.74%	12.31%	11.72%
DIIs	19.16%	17.83%	17.82%	19.56%	18.92%	19.77%	19.05%	19.24%	18.57%	17.87%	17.96%	17.64%
Public	24.71%	25.78%	25.71%	23.49%	22.76%	21.36%	22.14%	21.82%	21.88%	22.39%	23.73%	24.63%
No. of Shareholders	8,04,288	8,37,788	8,11,840	7,30,808	7,17,785	6,94,188	8,18,681	8,63,842	9,43,331	10,75,626	11,96,190	12,81,235

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Emerging Equity Fund - Regular Plan	22,419,204	1.75	638.39	6,187,970	2025-03-12	262.3%
Aditya Birla Sun Life Flexi Cap Fund	9,264,684	1.45	263.81	6,187,970	2025-03-12	49.72%
Kotak Small Cap Fund - Regular Plan	7,781,980	1.66	221.59	6,187,970	2025-03-12	25.76%
Kotak Equity Opportunities Fund - Regular Plan	7,600,247	1.31	216.42	6,187,970	2025-03-12	22.82%
ICICI Prudential Value Discovery Fund	6,631,313	0.54	188.83	6,187,970	2025-03-12	7.16%
DSP ELSS Tax Saver Fund	6,187,970	1.4	176.2	6,187,970	2025-03-12	0%
DSP Equity Opportunities Fund	5,001,819	1.48	142.43	6,187,970	2025-03-12	-19.17%
Nippon India Multi Cap Fund	5,000,000	0.63	142.38	6,187,970	2025-03-12	-19.2%
Franklin India Smaller Companies Fund	4,118,888	1.09	117.29	6,187,970	2025-03-12	-33.44%
Kotak Equity Arbitrage Fund - Regular Plan	3,758,400	0.34	107.02	6,187,970	2025-03-12	-39.26%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	10.31	9.68	51.38	9.53	9.14
Diluted EPS (Rs.)	10.31	9.68	51.38	9.53	9.14
Cash EPS (Rs.)	16.97	15.58	56.44	14.56	13.89
Book Value[Excl.RevalReserv]/Share (Rs.)	151.78	131.07	124.99	86.10	76.64
Book Value[Incl.RevalReserv]/Share (Rs.)	151.78	131.07	124.99	86.10	76.64
Revenue From Operations / Share (Rs.)	197.29	177.39	150.46	179.96	170.25
PBDIT / Share (Rs.)	22.44	20.16	17.20	19.42	17.74
PBIT / Share (Rs.)	15.84	14.25	12.03	14.32	12.83
PBT / Share (Rs.)	14.48	13.38	11.31	12.65	11.44
Net Profit / Share (Rs.)	10.38	9.68	51.27	9.46	8.97
NP After MI And SOA / Share (Rs.)	10.31	9.68	51.38	9.53	9.14
PBDIT Margin (%)	11.37	11.36	11.43	10.79	10.42
PBIT Margin (%)	8.03	8.03	7.99	7.95	7.53
PBT Margin (%)	7.33	7.54	7.51	7.02	6.71
Net Profit Margin (%)	5.26	5.45	34.07	5.25	5.27
NP After MI And SOA Margin (%)	5.22	5.45	34.14	5.29	5.36
Return on Networth / Equity (%)	6.80	7.39	41.26	11.13	12.01
Return on Capital Employeed (%)	9.82	10.31	9.21	5.09	5.16
Return On Assets (%)	4.83	5.57	31.39	2.82	3.18
Long Term Debt / Equity (X)	0.01	0.01	0.01	0.01	0.00
Total Debt / Equity (X)	0.05	0.02	0.01	0.01	0.01
Asset Turnover Ratio (%)	1.02	1.04	0.58	0.59	0.64
Current Ratio (X)	1.41	1.88	1.82	1.30	1.66
Quick Ratio (X)	0.53	0.74	0.80	0.75	0.92
Inventory Turnover Ratio (X)	3.14	3.59	3.44	2.74	3.06
Dividend Payout Ratio (NP) (%)	19.39	0.00	0.00	20.99	44.86
Dividend Payout Ratio (CP) (%)	11.82	0.00	0.00	13.67	29.17
Earning Retention Ratio (%)	80.61	0.00	0.00	79.01	55.14
Cash Earning Retention Ratio (%)	88.18	0.00	0.00	86.33	70.83
Interest Coverage Ratio (X)	16.44	23.20	23.99	11.61	15.61
Interest Coverage Ratio (Post Tax) (X)	8.61	12.14	12.41	6.65	9.12
Enterprise Value (Cr.)	26264.11	15278.09	12889.70	15426.65	10928.97
EV / Net Operating Revenue (X)	1.57	1.01	1.01	1.01	0.75
EV / EBITDA (X)	13.77	8.92	8.82	9.34	7.25
MarketCap / Net Operating Revenue (X)	1.54	1.00	1.00	1.02	0.77
Retention Ratios (%)	80.60	0.00	0.00	79.00	55.13
Price / BV (X)	2.01	1.36	1.21	2.15	1.73
Price / Net Operating Revenue (X)	1.54	1.00	1.00	1.02	0.77
EarningsYield	0.03	0.05	0.34	0.05	0.06

After reviewing the key financial ratios for Exide Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 10.31. This value is within the healthy range. It has increased from 9.68 (Mar 23) to 10.31, marking an increase of 0.63.
For Diluted EPS (Rs.), as of Mar 24, the value is 10.31. This value is within the healthy range. It has increased from 9.68 (Mar 23) to 10.31, marking an increase of 0.63.
For Cash EPS (Rs.), as of Mar 24, the value is 16.97. This value is within the healthy range. It has increased from 15.58 (Mar 23) to 16.97, marking an increase of 1.39.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 151.78. It has increased from 131.07 (Mar 23) to 151.78, marking an increase of 20.71.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 151.78. It has increased from 131.07 (Mar 23) to 151.78, marking an increase of 20.71.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 197.29. It has increased from 177.39 (Mar 23) to 197.29, marking an increase of 19.90.
For PBDIT / Share (Rs.), as of Mar 24, the value is 22.44. This value is within the healthy range. It has increased from 20.16 (Mar 23) to 22.44, marking an increase of 2.28.
For PBIT / Share (Rs.), as of Mar 24, the value is 15.84. This value is within the healthy range. It has increased from 14.25 (Mar 23) to 15.84, marking an increase of 1.59.
For PBT / Share (Rs.), as of Mar 24, the value is 14.48. This value is within the healthy range. It has increased from 13.38 (Mar 23) to 14.48, marking an increase of 1.10.
For Net Profit / Share (Rs.), as of Mar 24, the value is 10.38. This value is within the healthy range. It has increased from 9.68 (Mar 23) to 10.38, marking an increase of 0.70.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 10.31. This value is within the healthy range. It has increased from 9.68 (Mar 23) to 10.31, marking an increase of 0.63.
For PBDIT Margin (%), as of Mar 24, the value is 11.37. This value is within the healthy range. It has increased from 11.36 (Mar 23) to 11.37, marking an increase of 0.01.
For PBIT Margin (%), as of Mar 24, the value is 8.03. This value is below the healthy minimum of 10. There is no change compared to the previous period (Mar 23) which recorded 8.03.
For PBT Margin (%), as of Mar 24, the value is 7.33. This value is below the healthy minimum of 10. It has decreased from 7.54 (Mar 23) to 7.33, marking a decrease of 0.21.
For Net Profit Margin (%), as of Mar 24, the value is 5.26. This value is within the healthy range. It has decreased from 5.45 (Mar 23) to 5.26, marking a decrease of 0.19.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 5.22. This value is below the healthy minimum of 8. It has decreased from 5.45 (Mar 23) to 5.22, marking a decrease of 0.23.
For Return on Networth / Equity (%), as of Mar 24, the value is 6.80. This value is below the healthy minimum of 15. It has decreased from 7.39 (Mar 23) to 6.80, marking a decrease of 0.59.
For Return on Capital Employeed (%), as of Mar 24, the value is 9.82. This value is below the healthy minimum of 10. It has decreased from 10.31 (Mar 23) to 9.82, marking a decrease of 0.49.
For Return On Assets (%), as of Mar 24, the value is 4.83. This value is below the healthy minimum of 5. It has decreased from 5.57 (Mar 23) to 4.83, marking a decrease of 0.74.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.01. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.05. This value is within the healthy range. It has increased from 0.02 (Mar 23) to 0.05, marking an increase of 0.03.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.02. It has decreased from 1.04 (Mar 23) to 1.02, marking a decrease of 0.02.
For Current Ratio (X), as of Mar 24, the value is 1.41. This value is below the healthy minimum of 1.5. It has decreased from 1.88 (Mar 23) to 1.41, marking a decrease of 0.47.
For Quick Ratio (X), as of Mar 24, the value is 0.53. This value is below the healthy minimum of 1. It has decreased from 0.74 (Mar 23) to 0.53, marking a decrease of 0.21.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.14. This value is below the healthy minimum of 4. It has decreased from 3.59 (Mar 23) to 3.14, marking a decrease of 0.45.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 19.39. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 19.39, marking an increase of 19.39.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 11.82. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 11.82, marking an increase of 11.82.
For Earning Retention Ratio (%), as of Mar 24, the value is 80.61. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 80.61, marking an increase of 80.61.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 88.18. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 88.18, marking an increase of 88.18.
For Interest Coverage Ratio (X), as of Mar 24, the value is 16.44. This value is within the healthy range. It has decreased from 23.20 (Mar 23) to 16.44, marking a decrease of 6.76.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 8.61. This value is within the healthy range. It has decreased from 12.14 (Mar 23) to 8.61, marking a decrease of 3.53.
For Enterprise Value (Cr.), as of Mar 24, the value is 26,264.11. It has increased from 15,278.09 (Mar 23) to 26,264.11, marking an increase of 10,986.02.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.57. This value is within the healthy range. It has increased from 1.01 (Mar 23) to 1.57, marking an increase of 0.56.
For EV / EBITDA (X), as of Mar 24, the value is 13.77. This value is within the healthy range. It has increased from 8.92 (Mar 23) to 13.77, marking an increase of 4.85.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.54. This value is within the healthy range. It has increased from 1.00 (Mar 23) to 1.54, marking an increase of 0.54.
For Retention Ratios (%), as of Mar 24, the value is 80.60. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 80.60, marking an increase of 80.60.
For Price / BV (X), as of Mar 24, the value is 2.01. This value is within the healthy range. It has increased from 1.36 (Mar 23) to 2.01, marking an increase of 0.65.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.54. This value is within the healthy range. It has increased from 1.00 (Mar 23) to 1.54, marking an increase of 0.54.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 23) to 0.03, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Exide Industries Ltd as of March 13, 2025 is: ₹330.13

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 13, 2025, Exide Industries Ltd is Overvalued by 0.86% compared to the current share price 333.00

Intrinsic Value of Exide Industries Ltd as of March 13, 2025 is: 328.66

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 13, 2025, Exide Industries Ltd is Overvalued by 1.30% compared to the current share price 333.00

Last 5 Year EPS CAGR: -0.44%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 19.33%, which is a positive sign. The stock has a low average Working Capital Days of 22.92, which is a positive sign. The company has higher reserves (7,107.69 cr) compared to borrowings (415.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (11.77 cr) and profit (339.46 cr) over the years.	The stock has a high average Cash Conversion Cycle of 63.08, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Exide Industries Ltd:
1. Net Profit Margin: 5.26%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 9.82% (Industry Average ROCE: 15.9%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 6.8% (Industry Average ROE: 12.56%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 8.61
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.53
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 35.7 (Industry average Stock P/E: 40.63)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.05
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Exide Industries Ltd. is a Public Limited Listed company incorporated on 31/01/1947 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L31402WB1947PLC014919 and registration number is 014919. Currently Company is involved in the business activities of Manufacture of batteries and accumulators. Company's Total Operating Revenue is Rs. 16029.19 Cr. and Equity Capital is Rs. 85.00 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Batteries	Exide House, Kolkata West Bengal 700020	exideindustrieslimited@exide.co.in http://www.exideindustries.com

Management
Name	Position Held
Mr. Bharat Dhirajlal Shah	Chairman & Ind.Director
Mr. R B Raheja	Vice Chairman, Non Exe&Non Ind.Director
Mr. Avik Kumar Roy	Managing Director & CEO
Mr. A K Mukherjee	Director - Finance & CFO
Ms. Mona N Desai	Independent Director
Mr. Sridhar Gorthi	Independent Director
Mr. Surin Kapadia	Independent Director
Ms. Radhika Govind Rajan	Independent Director

FAQ

What is the latest intrinsic value of Exide Industries Ltd?

The latest intrinsic value of Exide Industries Ltd as on 13 March 2025 is 330.13, which is 0.86% lower than the current market price of ₹333.00, indicating the stock is overvalued by 0.86%. The intrinsic value of Exide Industries Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹28,330 Cr. and recorded a high/low of ₹620/290 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹13,740 Cr and total liabilities of ₹20,284 Cr.

What is the Market Cap of Exide Industries Ltd?

The Market Cap of Exide Industries Ltd is 28,330 Cr..

What is the current Stock Price of Exide Industries Ltd as on 13 March 2025?

The current stock price of Exide Industries Ltd as on 13 March 2025 is ₹333.

What is the High / Low of Exide Industries Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Exide Industries Ltd stocks is ₹620/290.

What is the Stock P/E of Exide Industries Ltd?

The Stock P/E of Exide Industries Ltd is 35.7.

What is the Book Value of Exide Industries Ltd?

The Book Value of Exide Industries Ltd is 163.

What is the Dividend Yield of Exide Industries Ltd?

The Dividend Yield of Exide Industries Ltd is 0.59 %.

What is the ROCE of Exide Industries Ltd?

The ROCE of Exide Industries Ltd is 10.2 %.

What is the ROE of Exide Industries Ltd?

The ROE of Exide Industries Ltd is 7.05 %.

What is the Face Value of Exide Industries Ltd?

The Face Value of Exide Industries Ltd is 1.00.