Exide Industries Limited (EXIDEIND) AI Stock Analysis

• Market Cap: ₹320.45B
• Dividend Yield: 0.53%
• Average Volume (3M): 139.94K
• Price to Earnings (P/E): 37.8
• Beta (1Y): 1.13
• Revenue Growth: 3.17%
• EPS Growth: -3.03%
• Country: IN
• Employees: 5,151
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Auto - Parts
• EPS (TTM): 3.80
• Shares Outstanding: 850,000,000
• 10 Day Avg. Volume: 153,818
• 30 Day Avg. Volume: 139,944
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹394.75
• Price Target Upside: 4.71% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 63 Neutral
• Price Target: ₹410.00 ▲(8.75% Upside)

Exide Industries Limited's overall stock score is driven by strong financial performance with stable revenue growth and a solid balance sheet. However, challenges in cash flow management and a high P/E ratio weigh on the score. Technical indicators suggest a neutral market sentiment, contributing to a moderate overall assessment.

Exide Industries Limited Business Overview & Revenue Model

Company Description

Exide Industries Limited (EXIDEIND) is a leading manufacturer of lead-acid storage batteries in India. The company operates in multiple sectors, including automotive, industrial, and submarine battery segments. Exide Industries offers a range of batteries for various applications, including automotive batteries for cars and two-wheelers, industrial batteries for power backup and telecommunications, and specialized batteries for submarines and other defense applications.

How the Company Makes Money

Exide Industries Limited generates revenue primarily through the sale of its wide range of battery products. The company's key revenue streams include automotive batteries sold to original equipment manufacturers (OEMs) and the replacement market, industrial batteries for sectors like power, telecommunications, and infrastructure, and exports to international markets. Exide also benefits from strategic partnerships and collaborations with global battery technology companies, enhancing its product offerings and market reach. Additionally, the company invests in research and development to innovate and maintain its competitive edge in the energy storage solutions market.

Exide Industries Limited Financial Statement Overview

Summary

Exide Industries Limited demonstrates robust revenue growth and stable margins, supported by a strong balance sheet with conservative leverage. However, challenges in cash flow management, with significant capital expenditures leading to negative free cash flow, slightly impact the financial performance score.

Income Statement

Exide Industries Limited shows a steady revenue growth trend with a recent increase in total revenue from INR 166.73 billion to INR 172.38 billion, reflecting a 3.39% growth rate. The gross profit margin remains strong at 32.73%, and the EBIT margin is healthy at 7.05%. However, the net profit margin has slightly decreased, indicating some pressure on net profitability.

Balance Sheet

The company maintains a strong equity base with an equity ratio of 65.00%, showing stability in its financial structure. The debt-to-equity ratio is manageable at 0.14, suggesting conservative leverage. Return on equity stands at 5.72%, indicating moderate efficiency in generating returns for shareholders.

Cash Flow

There is a noticeable decline in free cash flow, dropping from INR -3.45 billion to INR -6.76 billion, indicating challenges in cash generation. The operating cash flow to net income ratio of 1.60 shows adequate conversion of net income into cash, but the negative free cash flow suggests high capital expenditures impacting liquidity.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	172.38B	166.73B	150.78B	127.13B	103.06B
Gross Profit	56.40B	52.86B	46.65B	38.93B	36.33B
EBITDA	19.11B	19.11B	17.17B	14.65B	14.29B
Net Income	7.95B	8.77B	8.23B	43.67B	8.10B
Balance Sheet
Total Assets	213.96B	181.50B	140.51B	139.11B	286.87B
Cash, Cash Equivalents and Short-Term Investments	5.83B	5.82B	6.70B	9.01B	18.88B
Total Debt	20.17B	11.23B	2.78B	5.20B	5.09B
Total Liabilities	74.62B	52.49B	28.41B	32.87B	213.69B
Stockholders Equity	139.13B	128.86B	112.10B	105.84B	72.72B
Cash Flow
Free Cash Flow	-6.76B	-3.45B	-2.28B	-6.05B	17.62B
Operating Cash Flow	12.73B	15.31B	7.68B	612.50M	22.63B
Investing Cash Flow	-19.34B	-14.58B	-7.99B	663.30M	-20.80B
Financing Cash Flow	5.15B	1.10B	-301.00M	-1.72B	-1.70B

Exide Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 377.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EXIDEIND, the sentiment is Negative. The current price of 377 is below the 20-day moving average (MA) of 384.66, below the 50-day MA of 384.93, and below the 200-day MA of 390.39, indicating a bearish trend. The MACD of -1.67 indicates Positive momentum. The RSI at 43.50 is Neutral, neither overbought nor oversold. The STOCH value of 15.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EXIDEIND.

Exide Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHRIPISTON	77 Outperform	₹107.67B	20.51		0.42%	14.52%	15.10%
Sector *	67 Neutral	¥277.28B	14.63	6.84%	2.51%	5.14%	-22.98%
MINDACORP	66 Neutral	₹112.70B	43.59		0.31%	8.71%	11.84%
EXIDEIND	63 Neutral	₹320.45B	37.79		0.53%	3.17%	-3.03%