Exide Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: August 8, 2025, 11:22 am

Quick Insight

Exide Industries Ltd, currently priced at ₹391 with a market capitalization of ₹33,201 crore, presents a mixed investment profile. The company's high P/E ratio of 43.2 suggests that the market expects significant growth, yet its return on equity (ROE) of 5.74% and return on capital employed (ROCE) of 8.65% indicate underwhelming profitability relative to its valuation. With a net profit of ₹800 crore and operating profit margin (OPM) at 10%, while maintaining healthy liquidity with a current ratio of 16.44x and manageable borrowings of ₹2,017 crore against reserves of ₹13,828 crore, investors should be cautious. The substantial promoter holding of 45.99% and diversified institutional ownership (FIIs at 11.72% and DIIs at 17.64%) provide stability, but the company's cash conversion cycle of 67 days warrants attention. Overall, while growth prospects may be enticing, potential investors should weigh these factors carefully before committing capital.

Competitors of Exide Industries Ltd

All Competitor Stocks of Exide Industries Ltd

Quarterly Result

Last Updated: May 31, 2025, 9:18 am

Below is a detailed analysis of the quarterly data for Exide Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

• For Sales, as of Mar 2025, the value is 4,335.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,017.00 Cr. (Dec 2024) to 4,335.00 Cr., marking an increase of 318.00 Cr..
• For Expenses, as of Mar 2025, the value is 3,907.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,592.00 Cr. (Dec 2024) to 3,907.00 Cr., marking an increase of 315.00 Cr..
• For Operating Profit, as of Mar 2025, the value is 428.00 Cr.. The value appears strong and on an upward trend. It has increased from 425.00 Cr. (Dec 2024) to 428.00 Cr., marking an increase of 3.00 Cr..
• For OPM %, as of Mar 2025, the value is 10.00%. The value appears to be declining and may need further review. It has decreased from 11.00% (Dec 2024) to 10.00%, marking a decrease of 1.00%.
• For Other Income, as of Mar 2025, the value is 44.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Dec 2024) to 44.00 Cr., marking an increase of 31.00 Cr..
• For Interest, as of Mar 2025, the value is 35.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 54.00 Cr. (Dec 2024) to 35.00 Cr., marking a decrease of 19.00 Cr..
• For Depreciation, as of Mar 2025, the value is 148.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 145.00 Cr. (Dec 2024) to 148.00 Cr., marking an increase of 3.00 Cr..
• For Profit before tax, as of Mar 2025, the value is 290.00 Cr.. The value appears strong and on an upward trend. It has increased from 238.00 Cr. (Dec 2024) to 290.00 Cr., marking an increase of 52.00 Cr..
• For Tax %, as of Mar 2025, the value is 35.00%. The value appears to be increasing, which may not be favorable. It has increased from 33.00% (Dec 2024) to 35.00%, marking an increase of 2.00%.
• For Net Profit, as of Mar 2025, the value is 188.00 Cr.. The value appears strong and on an upward trend. It has increased from 158.00 Cr. (Dec 2024) to 188.00 Cr., marking an increase of 30.00 Cr..
• For EPS in Rs, as of Mar 2025, the value is 2.20. The value appears strong and on an upward trend. It has increased from 1.84 (Dec 2024) to 2.20, marking an increase of 0.36.

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

Profit & Loss - Annual Report

Last Updated: July 22, 2025, 3:52 pm

Growth

Last Updated: Unknown

Balance Sheet

Last Updated: July 25, 2025, 3:16 pm

Below is a detailed analysis of the balance sheet data for Exide Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

• For Equity Capital, as of Mar 2025, 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 Mar 2025, the value is 13,828.00 Cr.. The value appears strong and on an upward trend. It has increased from 12,801.00 Cr. (Mar 2024) to 13,828.00 Cr., marking an increase of 1,027.00 Cr..
• For Borrowings, as of Mar 2025, the value is 2,017.00 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 2,017.00 Cr., marking an increase of 894.00 Cr..
• For Other Liabilities, as of Mar 2025, the value is 5,459.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,140.00 Cr. (Mar 2024) to 5,459.00 Cr., marking an increase of 1,319.00 Cr..
• For Total Liabilities, as of Mar 2025, the value is 21,390.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 18,149.00 Cr. (Mar 2024) to 21,390.00 Cr., marking an increase of 3,241.00 Cr..
• For Fixed Assets, as of Mar 2025, the value is 3,935.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,853.00 Cr. (Mar 2024) to 3,935.00 Cr., marking an increase of 82.00 Cr..
• For CWIP, as of Mar 2025, the value is 3,643.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,352.00 Cr. (Mar 2024) to 3,643.00 Cr., marking an increase of 2,291.00 Cr..
• For Investments, as of Mar 2025, the value is 6,468.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,940.00 Cr. (Mar 2024) to 6,468.00 Cr., marking an increase of 528.00 Cr..
• For Other Assets, as of Mar 2025, the value is 7,343.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,004.00 Cr. (Mar 2024) to 7,343.00 Cr., marking an increase of 339.00 Cr..
• For Total Assets, as of Mar 2025, the value is 21,390.00 Cr.. The value appears strong and on an upward trend. It has increased from 18,149.00 Cr. (Mar 2024) to 21,390.00 Cr., marking an increase of 3,241.00 Cr..

Notably, the Reserves (13,828.00 Cr.) exceed the Borrowings (2,017.00 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.

Cash Flow

Free Cash Flow

Share Holding Pattern

Mutual Fund Holdings

Key Financial Ratios

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 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
• For Basic EPS (Rs.), as of Mar 25, the value is 9.35. This value is within the healthy range. It has decreased from 10.31 (Mar 24) to 9.35, marking a decrease of 0.96.
• For Diluted EPS (Rs.), as of Mar 25, the value is 9.35. This value is within the healthy range. It has decreased from 10.31 (Mar 24) to 9.35, marking a decrease of 0.96.
• For Cash EPS (Rs.), as of Mar 25, the value is 16.26. This value is within the healthy range. It has decreased from 16.97 (Mar 24) to 16.26, marking a decrease of 0.71.
• For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 163.69. It has increased from 151.78 (Mar 24) to 163.69, marking an increase of 11.91.
• For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 163.69. It has increased from 151.78 (Mar 24) to 163.69, marking an increase of 11.91.
• For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 202.80. It has increased from 197.29 (Mar 24) to 202.80, marking an increase of 5.51.
• For PBDIT / Share (Rs.), as of Mar 25, the value is 22.48. This value is within the healthy range. It has increased from 22.44 (Mar 24) to 22.48, marking an increase of 0.04.
• For PBIT / Share (Rs.), as of Mar 25, the value is 15.63. This value is within the healthy range. It has decreased from 15.84 (Mar 24) to 15.63, marking a decrease of 0.21.
• For PBT / Share (Rs.), as of Mar 25, the value is 13.83. This value is within the healthy range. It has decreased from 14.48 (Mar 24) to 13.83, marking a decrease of 0.65.
• For Net Profit / Share (Rs.), as of Mar 25, the value is 9.41. This value is within the healthy range. It has decreased from 10.38 (Mar 24) to 9.41, marking a decrease of 0.97.
• For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 9.35. This value is within the healthy range. It has decreased from 10.31 (Mar 24) to 9.35, marking a decrease of 0.96.
• For PBDIT Margin (%), as of Mar 25, the value is 11.08. This value is within the healthy range. It has decreased from 11.37 (Mar 24) to 11.08, marking a decrease of 0.29.
• For PBIT Margin (%), as of Mar 25, the value is 7.70. This value is below the healthy minimum of 10. It has decreased from 8.03 (Mar 24) to 7.70, marking a decrease of 0.33.
• For PBT Margin (%), as of Mar 25, the value is 6.81. This value is below the healthy minimum of 10. It has decreased from 7.33 (Mar 24) to 6.81, marking a decrease of 0.52.
• For Net Profit Margin (%), as of Mar 25, the value is 4.64. This value is below the healthy minimum of 5. It has decreased from 5.26 (Mar 24) to 4.64, marking a decrease of 0.62.
• For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.61. This value is below the healthy minimum of 8. It has decreased from 5.22 (Mar 24) to 4.61, marking a decrease of 0.61.
• For Return on Networth / Equity (%), as of Mar 25, the value is 5.71. This value is below the healthy minimum of 15. It has decreased from 6.80 (Mar 24) to 5.71, marking a decrease of 1.09.
• For Return on Capital Employeed (%), as of Mar 25, the value is 8.56. This value is below the healthy minimum of 10. It has decreased from 9.82 (Mar 24) to 8.56, marking a decrease of 1.26.
• For Return On Assets (%), as of Mar 25, the value is 3.71. This value is below the healthy minimum of 5. It has decreased from 4.83 (Mar 24) to 3.71, marking a decrease of 1.12.
• For Long Term Debt / Equity (X), as of Mar 25, the value is 0.06. This value is below the healthy minimum of 0.2. It has increased from 0.01 (Mar 24) to 0.06, marking an increase of 0.05.
• For Total Debt / Equity (X), as of Mar 25, the value is 0.11. This value is within the healthy range. It has increased from 0.05 (Mar 24) to 0.11, marking an increase of 0.06.
• For Asset Turnover Ratio (%), as of Mar 25, the value is 0.87. It has decreased from 1.02 (Mar 24) to 0.87, marking a decrease of 0.15.
• For Current Ratio (X), as of Mar 25, the value is 1.23. This value is below the healthy minimum of 1.5. It has decreased from 1.41 (Mar 24) to 1.23, marking a decrease of 0.18.
• For Quick Ratio (X), as of Mar 25, the value is 0.44. This value is below the healthy minimum of 1. It has decreased from 0.53 (Mar 24) to 0.44, marking a decrease of 0.09.
• For Inventory Turnover Ratio (X), as of Mar 25, the value is 2.77. This value is below the healthy minimum of 4. It has decreased from 3.14 (Mar 24) to 2.77, marking a decrease of 0.37.
• For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 19.39 (Mar 24) to 0.00, marking a decrease of 19.39.
• For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 11.82 (Mar 24) to 0.00, marking a decrease of 11.82.
• For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 80.61 (Mar 24) to 0.00, marking a decrease of 80.61.
• For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 88.18 (Mar 24) to 0.00, marking a decrease of 88.18.
• For Interest Coverage Ratio (X), as of Mar 25, the value is 12.49. This value is within the healthy range. It has decreased from 16.44 (Mar 24) to 12.49, marking a decrease of 3.95.
• For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 6.23. This value is within the healthy range. It has decreased from 8.61 (Mar 24) to 6.23, marking a decrease of 2.38.
• For Enterprise Value (Cr.), as of Mar 25, the value is 32,023.54. It has increased from 26,264.11 (Mar 24) to 32,023.54, marking an increase of 5,759.43.
• For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.86. This value is within the healthy range. It has increased from 1.57 (Mar 24) to 1.86, marking an increase of 0.29.
• For EV / EBITDA (X), as of Mar 25, the value is 16.76. This value exceeds the healthy maximum of 15. It has increased from 13.77 (Mar 24) to 16.76, marking an increase of 2.99.
• For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.78. This value is within the healthy range. It has increased from 1.54 (Mar 24) to 1.78, marking an increase of 0.24.
• For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 80.60 (Mar 24) to 0.00, marking a decrease of 80.60.
• For Price / BV (X), as of Mar 25, the value is 2.20. This value is within the healthy range. It has increased from 2.01 (Mar 24) to 2.20, marking an increase of 0.19.
• For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.78. This value is within the healthy range. It has increased from 1.54 (Mar 24) to 1.78, marking an increase of 0.24.
• For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 24) to 0.02, marking a decrease of 0.01.

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

Fair Value

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Strength and Weakness