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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Exide Industries Ltd

About the Company - Exide Industries Ltd

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. 12381.69 Cr. and Equity Capital is Rs. 85.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - BatteriesExide House, Kolkata West Bengal 700020exideindustrieslimited@exide.co.in
http://www.exideindustries.com
Management
NamePosition Held
Mr. Bharat Dhirajlal ShahChairman & Ind.Director
Mr. R B RahejaVice Chairman, Non Exe&Non Ind.Director
Mr. Subir ChakrabortyManaging Director & CEO
Mr. Avik Kumar RoyDirector
Mr. A K MukherjeeDirector - Finance & CFO
Mr. Arun MittalDirector
Ms. Mona N DesaiIndependent Director
Mr. Sridhar GorthiIndependent Director
Mr. Surin KapadiaIndependent Director

Basic Stock Data of Exide Industries Ltd

Last Updated: June 17, 2024, 8:34 pm

Market Cap 46,091 Cr.
Current Price 542
High / Low550/212
Stock P/E52.6
Book Value 152
Dividend Yield0.37 %
ROCE10.5 %
ROE7.30 %
Face Value 1.00
PEG Ratio22.68

Competitors of Exide Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
PAE Ltd 4.50 Cr. 4.326.25/4.26 26.90.00 %%% 10.0
Goldstar Power Ltd 350 Cr. 14.623.4/4.0086.5 1.170.00 %19.7 %16.8 % 1.00
HBL Power Systems Ltd 13,966 Cr. 504612/14946.4 44.00.09 %34.4 %27.7 % 1.00
Industry Average4,773.50 Cr174.3144.3024.020.03%18.03%14.83%4.00

Exide Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,8913,0242,5663,3893,3123,5234,0223,8413,5383,6774,2454,3723,980
Expenses2,4932,5952,3932,9662,9323,1913,6343,4103,1403,3053,8073,8723,548
Operating Profit399429173423379332387431398372438499432
OPM %14%14%7%12%11%9%10%11%11%10%10%11%11%
Other Income299516-27-43,83230362436233825
Interest10111311152116181921243032
Depreciation99101106107111116122123127131132141145
Profit before tax319412692782504,026280326276256304366281
Tax %25%22%54%30%29%2%28%26%28%29%26%26%28%
Net Profit240320321941783,953202241198181224270203
EPS in Rs2.843.790.392.312.1046.582.392.842.342.122.623.172.36

Last Updated: May 11, 2024, 3:50 am

Exide Industries Ltd Quarterly Chart

Exide Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5,2726,3088,2549,4719,47711,17912,80814,72114,47110,35912,78915,07815,832
Expenses4,5235,4527,3858,5288,2899,80511,40013,15913,0148,99411,38713,48514,125
Operating Profit7498558699441,1871,3741,4081,5621,4571,3661,4021,5931,707
OPM %14%14%11%10%13%12%11%11%10%13%11%11%11%
Other Income415673945910221148401323,725125120
Interest19121497915311411710837647994
Depreciation108122140155175226267344418394440502532
Profit before tax6637777878749921,0971,0481,2499721,0684,6231,1381,202
Tax %30%31%31%29%29%27%34%32%22%25%6%28%
Net Profit4495515466167008046948477628034,357823874
EPS in Rs5.256.466.417.238.209.428.139.959.149.5351.389.6810.25
Dividend Payout %29%25%28%30%29%25%30%24%45%21%4%21%

Exide Industries Ltd Profit & Loss Yearly Chart

Exide Industries Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:3%
3 Years:1%
TTM:9%
Compounded Profit Growth
10 Years:4%
5 Years:2%
3 Years:1%
TTM:11%
Stock Price CAGR
10 Years:14%
5 Years:16%
3 Years:37%
1 Year:144%
Return on Equity
10 Years:18%
5 Years:19%
3 Years:22%
Last Year:7%

Last Updated: April 8, 2024, 8:26 am

Exide Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital85858585858585858585858585
Reserves2,6022,9953,3753,7564,3054,9475,3446,0226,3827,18710,49911,04712,439
Borrowings275135581151876089196509520588743
Other Liabilities1,2088,1788,9999,98910,86612,54614,32616,23517,68820,6252,7993,0393,791
Total Liabilities3,92311,30912,49413,88715,37017,76519,81522,43124,35128,40613,90214,76017,058
Fixed Assets1,1041,6771,6861,7811,9752,2592,6813,0803,2483,5993,3613,6854,112
CWIP276163115192149241300405431341525433
Investments9936,7877,8908,81710,44611,88412,49014,32815,81618,8075,5585,1067,051
Other Assets1,7972,7842,8553,1752,7573,4744,4024,7234,8835,5704,6425,4445,462
Total Assets3,92311,30912,49413,88715,37017,76519,81522,43124,35128,40613,90214,76017,058

Exide Industries Ltd Reserves and Borrowings Chart

Exide Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6023998721801,5839379141,6871,6192,26361768
Cash from Investing Activity -333-86-591-61-1,329-727-535-1,438-1,097-2,08266-799
Cash from Financing Activity -229-155-215-199-167-182-386-217-532-170-172-30
Net Cash Flow4015866-798728-632-911-45-61

Exide Industries Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days342927282431312738313030
Inventory Days126118129106131120107138144120121124
Days Payable89100829693918192130786587
Cash Conversion Cycle714774376160567352748567
Working Capital Days401222216231723-11445043
ROCE %27%24%23%26%26%23%21%17%14%11%10%

Exide Industries Ltd Financial Efficiency Indicators Chart

Exide Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%
FIIs10.39%11.95%11.82%9.74%9.63%10.13%10.40%10.48%10.96%12.32%12.86%12.81%
DIIs27.26%24.56%23.31%21.69%20.61%19.16%17.83%17.82%19.56%18.92%19.77%19.05%
Public16.36%17.49%18.87%22.58%23.77%24.71%25.78%25.71%23.49%22.76%21.36%22.14%
No. of Shareholders2,54,3423,60,7714,51,4825,97,6696,96,5698,04,2888,37,7888,11,8407,30,8087,17,7856,94,1888,18,681

Exide Industries Ltd Shareholding Pattern Chart

No. of Exide Industries Ltd Shareholders

Exide Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Emerging Equity Fund - Regular Plan22,419,2041.75638.395,001,8192024-06-24348.22%
Aditya Birla Sun Life Flexi Cap Fund9,264,6841.45263.815,001,8192024-06-2485.23%
Kotak Small Cap Fund - Regular Plan7,781,9801.66221.595,001,8192024-06-2455.58%
Kotak Equity Opportunities Fund - Regular Plan7,600,2471.31216.425,001,8192024-06-2451.95%
ICICI Prudential Value Discovery Fund6,631,3130.54188.835,001,8192024-06-2432.58%
DSP ELSS Tax Saver Fund6,187,9701.4176.25,001,8192024-06-2423.71%
DSP Equity Opportunities Fund5,001,8191.48142.435,001,8192024-06-240%
Nippon India Multi Cap Fund5,000,0000.63142.385,001,8192024-06-24-0.04%
Franklin India Smaller Companies Fund4,118,8881.09117.295,001,8192024-06-24-17.65%
Kotak Equity Arbitrage Fund - Regular Plan3,758,4000.34107.025,001,8192024-06-24-24.86%

Exide Industries Ltd ROCE Trend

Exide Industries Ltd EPS Trend

Exide Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)10.319.6851.389.539.14
Diluted EPS (Rs.)10.319.6851.389.539.14
Cash EPS (Rs.)16.9715.5856.4414.5613.89
Book Value[Excl.RevalReserv]/Share (Rs.)151.78131.07124.9986.1076.64
Book Value[Incl.RevalReserv]/Share (Rs.)151.78131.07124.9986.1076.64
Revenue From Operations / Share (Rs.)197.29177.39150.46179.96170.25
PBDIT / Share (Rs.)22.4420.1617.2019.4217.74
PBIT / Share (Rs.)15.8414.2512.0314.3212.83
PBT / Share (Rs.)14.4813.3811.3112.6511.44
Net Profit / Share (Rs.)10.389.6851.279.468.97
NP After MI And SOA / Share (Rs.)10.319.6851.389.539.14
PBDIT Margin (%)11.3711.3611.4310.7910.42
PBIT Margin (%)8.038.037.997.957.53
PBT Margin (%)7.337.547.517.026.71
Net Profit Margin (%)5.265.4534.075.255.27
NP After MI And SOA Margin (%)5.225.4534.145.295.36
Return on Networth / Equity (%)6.807.3941.2611.1312.01
Return on Capital Employeed (%)9.8210.319.215.095.16
Return On Assets (%)4.835.5731.392.823.18
Long Term Debt / Equity (X)0.010.010.010.010.00
Total Debt / Equity (X)0.050.020.010.010.01
Asset Turnover Ratio (%)1.021.040.580.590.64
Current Ratio (X)1.411.881.821.301.66
Quick Ratio (X)0.540.740.800.750.92
Inventory Turnover Ratio (X)3.143.593.442.743.06
Dividend Payout Ratio (NP) (%)0.000.000.0020.9944.86
Dividend Payout Ratio (CP) (%)0.000.000.0013.6729.17
Earning Retention Ratio (%)0.000.000.0079.0155.14
Cash Earning Retention Ratio (%)0.000.000.0086.3370.83
Interest Coverage Ratio (X)16.4423.2023.9911.6115.61
Interest Coverage Ratio (Post Tax) (X)8.6112.1412.416.659.12
Enterprise Value (Cr.)26264.1115278.0912889.7015426.6510928.97
EV / Net Operating Revenue (X)1.571.011.011.010.75
EV / EBITDA (X)13.778.928.829.347.25
MarketCap / Net Operating Revenue (X)1.541.001.001.020.77
Retention Ratios (%)0.000.000.0079.0055.13
Price / BV (X)2.011.361.212.151.73
Price / Net Operating Revenue (X)1.541.001.001.020.77
EarningsYield0.030.050.340.050.06

Exide Industries Ltd Profitability Ratios (%)

Exide Industries Ltd Liquidity Ratios

Exide Industries Ltd Liquidity Ratios (%)

Exide Industries Ltd Interest Coverage Ratios (%)

Exide Industries Ltd Valuation Ratios

Fair Value

Fair Value: 585.81

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.

Undervalued: 8.08% compared to the current price 542

Intrinsic Value: 599.39

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 10.59% compared to the current price ₹542

Last 5 Year EPS CAGR: 2.32%

*Investments are subject to market risks

Strength and Weakness of Exide Industries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 23.42, which is a positive sign.
  3. The company has higher reserves (6,223.08 cr) compared to borrowings (244.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (10.77 cr) and profit (390.38 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 63.08, which may not be favorable.

FAQ

What is the latest fair value of Exide Industries Ltd?

The latest fair value of Exide Industries Ltd is ₹585.81.

What is the Market Cap of Exide Industries Ltd?

The Market Cap of Exide Industries Ltd is 46,091 Cr..

What is the current Stock Price of Exide Industries Ltd as on 25 June 2024?

The current stock price of Exide Industries Ltd as on 25 June 2024 is ₹542.

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

In FY 2024, the High / Low of Exide Industries Ltd stocks is 550/212.

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

The Stock P/E of Exide Industries Ltd is 52.6.

What is the Book Value of Exide Industries Ltd?

The Book Value of Exide Industries Ltd is 152.

What is the Dividend Yield of Exide Industries Ltd?

The Dividend Yield of Exide Industries Ltd is 0.37 %.

What is the ROCE of Exide Industries Ltd?

The ROCE of Exide Industries Ltd is 10.5 %.

What is the ROE of Exide Industries Ltd?

The ROE of Exide Industries Ltd is 7.30 %.

What is the Face Value of Exide Industries Ltd?

The Face Value of Exide Industries Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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