Exide Industries Limited (IN:EXIDEIND)
:EXIDEIND
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Exide Industries Limited
(EXIDEIND)
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Rating:58Neutral
Price Target:
₹338.00
▲(4.05% Upside)
Action:ReiteratedDate:10/24/25
Exide Industries Limited shows strong financial stability with robust revenue growth and a solid balance sheet. However, technical indicators suggest a bearish trend, and the stock appears overvalued with a high P/E ratio and low dividend yield. The lack of earnings call data and corporate events further limits positive sentiment.
Positive Factors
Conservative capital structure
A high equity ratio and low debt-to-equity indicate structural financial resilience. This conservatism supports long-term investment, weathering of cyclical downturns in auto demand, and ability to fund recycling or modernization without excessive leverage, preserving strategic optionality.
Negative Factors
Negative and declining free cash flow
Worsening negative FCF implies sustained high capex or working capital drains that reduce financial flexibility. Over 2-6 months this constrains the firm's ability to self-fund investments, pay down debt, or support dividend policy without raising external capital or reprioritizing projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative capital structure
A high equity ratio and low debt-to-equity indicate structural financial resilience. This conservatism supports long-term investment, weathering of cyclical downturns in auto demand, and ability to fund recycling or modernization without excessive leverage, preserving strategic optionality.
Read all positive factors
Exide Industries Limited (EXIDEIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹276.12B
Dividend Yield0.54%
Average Volume (3M)152.38K
Price to Earnings (P/E)39.7
Beta (1Y)1.14
Revenue Growth2.19%
EPS Growth-5.70%
CountryIN
Employees5,151
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)3.10
Shares Outstanding850,000,000
10 Day Avg. Volume115,636
30 Day Avg. Volume152,381
Financial Highlights & Ratios
PEG Ratio-4.19
Price to Book (P/B)2.23
Price to Sales (P/S)1.80
P/FCF Ratio-45.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹430.00Price Target Upside32.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)14.77
Revenue Forecast (FY)₹185.33B
Exide Industries Limited Business Overview & Revenue Model
Company Description
Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries and allied products in India and internationally. The company operates in two segments, Automotive and Industrial. It offers automotive, industrial, gen...
How the Company Makes Money
Exide Industries makes money mainly by manufacturing and selling lead-acid batteries and related services across two core lines: (1) Automotive batteries: revenue is generated from selling batteries used in passenger vehicles, commercial vehicles,...
Exide Industries Limited Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 174.12B | 172.38B | 167.70B | 150.78B | 127.89B | 103.59B |
| Gross Profit | 55.82B | 55.71B | 52.86B | 46.65B | 40.67B | 36.33B |
| EBITDA | 17.98B | 17.63B | 17.78B | 15.57B | 13.69B | 13.36B |
| Net Income | 7.89B | 7.95B | 8.77B | 8.23B | 43.67B | 8.10B |
Balance Sheet | ||||||
| Total Assets | 218.16B | 213.96B | 181.50B | 140.51B | 139.11B | 286.87B |
| Cash, Cash Equivalents and Short-Term Investments | 9.03B | 4.99B | 5.82B | 7.35B | 9.01B | 18.88B |
| Total Debt | 16.45B | 20.17B | 11.23B | 6.42B | 5.20B | 5.09B |
| Total Liabilities | 70.67B | 74.62B | 52.49B | 28.41B | 32.87B | 213.69B |
| Stockholders Equity | 147.25B | 139.13B | 128.86B | 111.32B | 105.84B | 72.72B |
Cash Flow | ||||||
| Free Cash Flow | 8.22B | -6.76B | -3.45B | -2.28B | -6.05B | 17.62B |
| Operating Cash Flow | 14.23B | 12.73B | 15.31B | 7.68B | 612.50M | 22.63B |
| Investing Cash Flow | -8.79B | -19.34B | -14.58B | -7.99B | 647.60M | -20.80B |
| Financing Cash Flow | -6.13B | 5.15B | 1.08B | -301.00M | -1.37B | -1.70B |
Exide Industries Limited Technical Analysis
Neutral
324.85
Price Trends
319.59
Positive
341.16
Negative
366.73
Negative
Market Momentum
-1.12
Negative
58.31
Neutral
87.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EXIDEIND, the sentiment is Neutral. The current price of 324.85 is above the 20-day moving average (MA) of 303.68, above the 50-day MA of 319.59, and below the 200-day MA of 366.73, indicating a neutral trend. The MACD of -1.12 indicates Negative momentum. The RSI at 58.31 is Neutral, neither overbought nor oversold. The STOCH value of 87.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:EXIDEIND.
Exide Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹159.04B | 28.99 | ― | 0.31% | 14.43% | 15.60% | |
69 Neutral | ₹121.74B | 39.41 | ― | 0.23% | 12.99% | 2.43% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹149.86B | 987.71 | ― | 1.57% | ― | ― | |
58 Neutral | ₹276.12B | 39.67 | ― | 0.54% | 2.19% | -5.70% | |
52 Neutral | ₹33.93B | 18.97 | ― | ― | 112.02% | 244.77% | |
49 Neutral | ₹168.58B | -7.78 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
IN:EXIDEIND
Exide Industries Limited
324.85
-52.92
-14.01%
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Exide Industries Limited Corporate Events
Exide opens SEBI-mandated window for re-lodgement of old physical share transfers
Mar 10, 2026
Exide Industries has notified stock exchanges that, in line with recent SEBI directives, a special one-year window has been opened from 5 February 2026 to 4 February 2027 to permit re-lodgement of physical share transfer deeds that were originally...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.