Exide Industries Ltd.

NSE: EXIDEIND · Auto Components & Equipments

52W Range₹287 ₹453

Snapshot

Unlock Exide Industries Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Exide Industries Limited is a leading manufacturer of lead-acid storage batteries and allied products, serving automotive, industrial, and renewable energy sectors. The company also operates in the life insurance space and provides energy storage solutions, including technical support for lithium-ion battery manufacturing.

Business Model

The company generates revenue through the design, manufacture, and sale of batteries and power systems across a vast distribution network of approximately 48,000 dealers. It further diversifies income streams through life insurance services and the production of recycled lead and lead alloys.

  • Dealer Network:48,000

Growth Outlook

Growth is expected to be driven by the expansion of energy storage solutions, including investments in lithium-ion technology and non-conventional energy business activities. Continued demand in the automotive and industrial sectors, supported by a robust distribution network, remains a key pillar for future performance.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the price of lead, a primary raw material, can significantly impact manufacturing costs and profit margins.
  • Technological Disruption. The rapid transition toward electric vehicles and alternative battery chemistries poses a threat to traditional lead-acid battery market dominance.
  • Regulatory and Environmental Compliance. Stringent environmental regulations regarding lead recycling and battery disposal may increase operational costs and compliance requirements.
  • Cyclical Demand. The company's performance is closely tied to the cyclical nature of the automotive and industrial sectors, which are sensitive to broader economic conditions.

Price

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Key Metrics

REVENUE

₹17,995 Cr

TTM · consolidated

+4.4%YoY

NET PROFIT

₹860 Cr

TTM · consolidated

+7.4%YoY

EPS

₹7.76

TTM · consolidated

-17.0%YoY

RETURN ON EQUITY

6.2%

TTM · consolidated

+0.1 ppYoY

RETURN ON CAPITAL EMPLOYED

8.9%

TTM · consolidated

-0.5 ppYoY

P/E

54.3x

Q4 FY26 · consolidated

54.3 vs 38.2x5Y avg

EV/EBITDA

18.6x

Q4 FY26 · consolidated

18.6 vs 20.1x5Y avg

EBITDA MARGIN

11.0%

TTM · consolidated

-0.1 ppYoY

NET PROFIT MARGIN

4.6%

Q4 FY26 · consolidated

+0.3 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

-0.03xYoY

Peers · Auto Components & Equipments

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Exide Industries Ltd.EXIDEIND
25,44054.2918.594.4%11.0%6.2%8.9%+9.2%
Sona BLW Precision Forgings Ltd.SONACOMS
30,74766.2935.3925.9%26.9%11.2%14.1%+50.2%
ZF Commercial Vehicle Control Systems India Ltd.ZFCVINDIA
24,9998.5531.427.5%20.3%15.5%20.5%-82.2%
Motherson Sumi Wiring India Ltd.MSUMI
24,91541.7924.9023.1%9.3%34.5%41.6%-38.4%
Tenneco CleanTENNIND
21,71117.0%
Asahi India Glass Ltd.ASAHIINDIA
20,21065.8825.768.6%19.2%11.6%12.7%+5.5%

As of Q4 FY26

Financials