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Last Updated: January 3, 2026, 11:18 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500086 | NSE: EXIDEIND

Exide Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 3, 2026, 11:18 am

Market Cap 31,254 Cr.
Current Price 368
High / Low 431/328
Stock P/E39.6
Book Value 173
Dividend Yield0.54 %
ROCE8.65 %
ROE5.74 %
Face Value 1.00
PEG Ratio-1.37

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

View Share Price Target for Exide Industries Ltd

Competitors

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 5.58/4.580.36 4.790.00 %%% 10.0
HBL Power Systems Ltd 25,988 Cr. 938 1,122/40439.3 71.60.11 %27.3 %20.6 % 1.00
Goldstar Power Ltd 192 Cr. 6.70 13.5/6.50108 2.830.00 %11.6 %7.77 % 1.00
Exide Industries Ltd 31,254 Cr. 368 431/32839.6 1730.54 %8.65 %5.74 % 1.00
Industry Average19,144.67 Cr329.3346.8263.060.16%15.85%11.37%3.25

All Competitor Stocks of Exide Industries Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 3,8413,5383,6774,2454,3723,9804,1734,4364,4504,0174,3354,6954,365
Expenses 3,4103,1403,3053,8073,8723,5483,7253,9633,9783,5923,9074,1573,973
Operating Profit 431398372438499432448473472425428538391
OPM % 11%11%10%10%11%11%11%11%11%11%10%11%9%
Other Income 3624362338255164013442854
Interest 18192124303231303454353240
Depreciation 123127131132141145142144146145148149152
Profit before tax 326276256304366281281316332238290385253
Tax % 26%28%29%26%26%28%34%30%30%33%35%29%31%
Net Profit 241198181224270203186221233158188275174
EPS in Rs 2.842.342.122.623.172.362.172.592.721.842.203.212.02

Last Updated: January 1, 2026, 8:03 pm

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

  • For Sales, as of Sep 2025, the value is 4,365.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,695.00 Cr. (Jun 2025) to 4,365.00 Cr., marking a decrease of 330.00 Cr..
  • For Expenses, as of Sep 2025, the value is 3,973.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 4,157.00 Cr. (Jun 2025) to 3,973.00 Cr., marking a decrease of 184.00 Cr..
  • For Operating Profit, as of Sep 2025, the value is 391.00 Cr.. The value appears to be declining and may need further review. It has decreased from 538.00 Cr. (Jun 2025) to 391.00 Cr., marking a decrease of 147.00 Cr..
  • For OPM %, as of Sep 2025, the value is 9.00%. The value appears to be declining and may need further review. It has decreased from 11.00% (Jun 2025) to 9.00%, marking a decrease of 2.00%.
  • For Other Income, as of Sep 2025, the value is 54.00 Cr.. The value appears strong and on an upward trend. It has increased from 28.00 Cr. (Jun 2025) to 54.00 Cr., marking an increase of 26.00 Cr..
  • For Interest, as of Sep 2025, the value is 40.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 32.00 Cr. (Jun 2025) to 40.00 Cr., marking an increase of 8.00 Cr..
  • For Depreciation, as of Sep 2025, the value is 152.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 149.00 Cr. (Jun 2025) to 152.00 Cr., marking an increase of 3.00 Cr..
  • For Profit before tax, as of Sep 2025, the value is 253.00 Cr.. The value appears to be declining and may need further review. It has decreased from 385.00 Cr. (Jun 2025) to 253.00 Cr., marking a decrease of 132.00 Cr..
  • For Tax %, as of Sep 2025, the value is 31.00%. The value appears to be increasing, which may not be favorable. It has increased from 29.00% (Jun 2025) to 31.00%, marking an increase of 2.00%.
  • For Net Profit, as of Sep 2025, the value is 174.00 Cr.. The value appears to be declining and may need further review. It has decreased from 275.00 Cr. (Jun 2025) to 174.00 Cr., marking a decrease of 101.00 Cr..
  • For EPS in Rs, as of Sep 2025, the value is 2.02. The value appears to be declining and may need further review. It has decreased from 3.21 (Jun 2025) to 2.02, marking a decrease of 1.19.

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: December 15, 2025, 5:23 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8,2549,4719,47711,17912,80814,72114,47115,29712,78915,07816,77017,23817,412
Expenses 7,3858,5288,2899,80511,40013,15913,01413,70611,38713,48514,94615,43315,629
Operating Profit 8699441,1871,3741,4081,5621,4571,5911,4021,5931,8231,8051,782
OPM % 11%10%13%12%11%11%10%10%11%11%11%10%10%
Other Income 7394591022114840703,72512588113139
Interest 149791531141171081536479120160161
Depreciation 140155175226267344418434440502560582594
Profit before tax 7878749921,0971,0481,2499721,0744,6231,1381,2311,1761,166
Tax % 31%29%29%27%34%32%22%25%6%28%28%32%
Net Profit 5466167008046948477628034,357823883800795
EPS in Rs 6.417.238.209.428.139.959.149.5351.389.6810.319.359.27
Dividend Payout % 28%30%29%25%30%24%45%21%4%21%19%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)12.82%13.64%14.86%-13.68%22.05%-10.04%5.38%442.59%-81.11%7.29%-9.40%
Change in YoY Net Profit Growth (%)0.00%0.82%1.22%-28.54%35.73%-32.08%15.42%437.21%-523.70%88.40%-16.69%

Exide Industries 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:6%
5 Years:4%
3 Years:10%
TTM:3%
Compounded Profit Growth
10 Years:2%
5 Years:0%
3 Years:-44%
TTM:-3%
Stock Price CAGR
10 Years:11%
5 Years:20%
3 Years:33%
1 Year:-18%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:7%
Last Year:6%

Last Updated: September 5, 2025, 3:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:13 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 85858585858585858585858585
Reserves 3,3753,7564,3054,9475,3446,0226,3827,18710,49911,04712,80113,82814,640
Borrowings 355811518760891965095205881,1232,0171,645
Other Liabilities 8,9999,98910,86612,54614,32616,23517,54920,6252,7993,0374,1405,4595,447
Total Liabilities 12,49413,88715,37017,76519,81522,43124,21328,40613,90214,75818,14921,39021,816
Fixed Assets 1,6861,7811,9752,2592,6813,0803,2483,5993,3613,6823,8533,9354,083
CWIP 631151921492413004054313415251,3523,6433,865
Investments 7,8908,81710,44611,88412,49014,32815,81619,3405,5585,1065,9406,4687,430
Other Assets 2,8553,1752,7573,4744,4024,7234,7445,0374,6425,4447,0047,3436,439
Total Assets 12,49413,88715,37017,76519,81522,43124,21328,40613,90214,75818,14921,39021,816

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

  • For Equity Capital, as of Sep 2025, the value is 85.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 85.00 Cr..
  • For Reserves, as of Sep 2025, the value is 14,640.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,828.00 Cr. (Mar 2025) to 14,640.00 Cr., marking an increase of 812.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 1,645.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2,017.00 Cr. (Mar 2025) to 1,645.00 Cr., marking a decrease of 372.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 5,447.00 Cr.. The value appears to be improving (decreasing). It has decreased from 5,459.00 Cr. (Mar 2025) to 5,447.00 Cr., marking a decrease of 12.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 21,816.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 21,390.00 Cr. (Mar 2025) to 21,816.00 Cr., marking an increase of 426.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 4,083.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,935.00 Cr. (Mar 2025) to 4,083.00 Cr., marking an increase of 148.00 Cr..
  • For CWIP, as of Sep 2025, the value is 3,865.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,643.00 Cr. (Mar 2025) to 3,865.00 Cr., marking an increase of 222.00 Cr..
  • For Investments, as of Sep 2025, the value is 7,430.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,468.00 Cr. (Mar 2025) to 7,430.00 Cr., marking an increase of 962.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 6,439.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7,343.00 Cr. (Mar 2025) to 6,439.00 Cr., marking a decrease of 904.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 21,816.00 Cr.. The value appears strong and on an upward trend. It has increased from 21,390.00 Cr. (Mar 2025) to 21,816.00 Cr., marking an increase of 426.00 Cr..

Notably, the Reserves (14,640.00 Cr.) exceed the Borrowings (1,645.00 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 - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow834.00886.00-114.00-186.00-59.00-88.00-195.00-508.00-519.00-587.000.00-1.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days292728243131273831303036
Inventory Days118129106131120107138144120121124144
Days Payable100829693918192130786587105
Cash Conversion Cycle477437616056735274856774
Working Capital Days1120-310221621-1440472617
ROCE %24%23%26%26%23%21%17%14%11%10%10%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%
FIIs10.96%12.32%12.86%12.81%12.94%13.57%13.74%12.31%11.72%11.60%11.47%10.88%
DIIs19.56%18.92%19.77%19.05%19.24%18.57%17.87%17.96%17.64%17.15%17.39%18.46%
Public23.49%22.76%21.36%22.14%21.82%21.88%22.39%23.73%24.63%25.25%25.14%24.66%
No. of Shareholders7,30,8087,17,7856,94,1888,18,6818,63,8429,43,33110,75,62611,96,19012,81,23513,38,26213,04,14012,58,107

Shareholding Pattern Chart

No. of Shareholders

Exide Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Flexi Cap Fund 8,200,000 1.24 307.348,000,0002025-12-15 01:27:202.5%
Nippon India Multi Cap Fund 6,732,135 0.5 252.325,532,1352025-12-15 01:27:2021.69%
DSP Large & Mid Cap Fund 4,012,516 0.87 150.394,883,1792025-12-15 01:27:21-17.83%
Canara Robeco Small Cap Fund 3,258,298 0.94 122.12N/AN/AN/A
Franklin India Small Cap Fund 2,868,888 0.79 107.53N/AN/AN/A
DSP ELSS Tax Saver Fund 2,845,990 0.61 106.673,737,5162025-12-15 01:27:21-23.85%
Franklin India Mid Cap Fund 2,803,019 0.81 105.06N/AN/AN/A
Tata Arbitrage Fund 2,050,200 0.38 76.84N/AN/AN/A
Bandhan Large & Mid Cap Fund 1,955,924 0.57 73.311,755,9242025-12-15 01:27:2111.39%
Aditya Birla Sun Life Value Fund 1,696,976 1 63.61,546,5252025-12-15 01:27:219.73%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 9.3510.319.6851.389.53
Diluted EPS (Rs.) 9.3510.319.6851.389.53
Cash EPS (Rs.) 16.2616.9715.5856.4414.56
Book Value[Excl.RevalReserv]/Share (Rs.) 163.69151.78131.07124.9986.10
Book Value[Incl.RevalReserv]/Share (Rs.) 163.69151.78131.07124.9986.10
Revenue From Operations / Share (Rs.) 202.80197.29177.39150.46179.96
PBDIT / Share (Rs.) 22.4822.4420.1617.2019.42
PBIT / Share (Rs.) 15.6315.8414.2512.0314.32
PBT / Share (Rs.) 13.8314.4813.3811.3112.65
Net Profit / Share (Rs.) 9.4110.389.6851.279.46
NP After MI And SOA / Share (Rs.) 9.3510.319.6851.389.53
PBDIT Margin (%) 11.0811.3711.3611.4310.79
PBIT Margin (%) 7.708.038.037.997.95
PBT Margin (%) 6.817.337.547.517.02
Net Profit Margin (%) 4.645.265.4534.075.25
NP After MI And SOA Margin (%) 4.615.225.4534.145.29
Return on Networth / Equity (%) 5.716.807.3941.2611.13
Return on Capital Employeed (%) 8.569.8210.319.215.09
Return On Assets (%) 3.714.835.5731.392.82
Long Term Debt / Equity (X) 0.060.010.010.010.01
Total Debt / Equity (X) 0.110.050.020.010.01
Asset Turnover Ratio (%) 0.871.021.040.580.59
Current Ratio (X) 1.231.411.881.821.30
Quick Ratio (X) 0.440.530.740.800.75
Inventory Turnover Ratio (X) 4.093.143.593.442.74
Dividend Payout Ratio (NP) (%) 0.0019.390.000.0020.99
Dividend Payout Ratio (CP) (%) 0.0011.820.000.0013.67
Earning Retention Ratio (%) 0.0080.610.000.0079.01
Cash Earning Retention Ratio (%) 0.0088.180.000.0086.33
Interest Coverage Ratio (X) 12.4916.4423.2023.9911.61
Interest Coverage Ratio (Post Tax) (X) 6.238.6112.1412.416.65
Enterprise Value (Cr.) 32023.5426264.1115278.0912889.7015426.65
EV / Net Operating Revenue (X) 1.861.571.011.011.01
EV / EBITDA (X) 16.7613.778.928.829.34
MarketCap / Net Operating Revenue (X) 1.781.541.001.001.02
Retention Ratios (%) 0.0080.600.000.0079.00
Price / BV (X) 2.202.011.361.212.15
Price / Net Operating Revenue (X) 1.781.541.001.001.02
EarningsYield 0.020.030.050.340.05

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 4.09. This value is within the healthy range. It has increased from 3.14 (Mar 24) to 4.09, marking an increase of 0.95.
  • 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.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Exide Industries Ltd as of January 3, 2026 is: ₹316.29

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 January 3, 2026, Exide Industries Ltd is Overvalued by 14.05% compared to the current share price ₹368.00

Intrinsic Value of Exide Industries Ltd as of January 3, 2026 is: ₹224.57

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 January 3, 2026, Exide Industries Ltd is Overvalued by 38.98% compared to the current share price ₹368.00

Last 5 Year EPS CAGR: -29.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 17.75, which is a positive sign.
  3. The company has higher reserves (8,010.23 cr) compared to borrowings (549.38 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (13.00 cr) and profit (279.77 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 63.33, 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: 4.64%
      • 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: 8.56% (Industry Average ROCE: 15.85%)
      • 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%: 5.71% (Industry Average ROE: 11.37%)
      • 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): 6.23
      • 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: 0.44
      • 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: 39.6 (Industry average Stock P/E: 46.82)
      • 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: 0.11
      • 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. 16588.11 Cr. and Equity Capital is Rs. 85.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - BatteriesExide House, Kolkata West Bengal 700020Contact not found
Management
NamePosition Held
Mr. Sridhar GorthiChairman & Ind.Director
Mr. R B RahejaVice Chairman, Non Exe&Non Ind.Director
Mr. Avik Kumar RoyManaging Director & CEO
Mr. Manoj Kumar AgarwalDirector - Finance & CFO
Mr. Surin KapadiaIndependent Director
Ms. Radhika Govind RajanIndependent Director
Mr. Jaidit Singh BrarIndependent Director

FAQ

What is the intrinsic value of Exide Industries Ltd?

Exide Industries Ltd's intrinsic value (as of 03 January 2026) is ₹316.29 which is 14.05% lower the current market price of ₹368.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹31,254 Cr. market cap, FY2025-2026 high/low of ₹431/328, reserves of ₹14,640 Cr, and liabilities of ₹21,816 Cr.

What is the Market Cap of Exide Industries Ltd?

The Market Cap of Exide Industries Ltd is 31,254 Cr..

What is the current Stock Price of Exide Industries Ltd as on 03 January 2026?

The current stock price of Exide Industries Ltd as on 03 January 2026 is ₹368.

What is the High / Low of Exide Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Exide Industries Ltd stocks is ₹431/328.

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

The Stock P/E of Exide Industries Ltd is 39.6.

What is the Book Value of Exide Industries Ltd?

The Book Value of Exide Industries Ltd is 173.

What is the Dividend Yield of Exide Industries Ltd?

The Dividend Yield of Exide Industries Ltd is 0.54 %.

What is the ROCE of Exide Industries Ltd?

The ROCE of Exide Industries Ltd is 8.65 %.

What is the ROE of Exide Industries Ltd?

The ROE of Exide Industries Ltd is 5.74 %.

What is the Face Value of Exide Industries Ltd?

The Face Value of Exide Industries Ltd is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Exide Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE