Exide Industries Ltd
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. [1]
- Market Cap ₹ 31,492 Cr.
- Current Price ₹ 370
- High / Low ₹ 620 / 328
- Stock P/E 28.5
- Book Value ₹ 167
- Dividend Yield 0.54 %
- ROCE 11.3 %
- ROE 8.39 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Company has a low return on equity of 8.62% over last 3 years.
- Dividend payout has been low at 12.9% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Part of BSE Allcap Nifty Total Market BSE Consumer Discretionary BSE 150 MidCap Index BSE 250 LargeMidCap Index
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6,013 | 5,909 | 6,802 | 6,795 | 7,583 | 9,186 | 10,588 | 9,857 | 10,041 | 12,410 | 14,592 | 16,029 | 16,438 | |
5,227 | 5,093 | 5,892 | 5,773 | 6,499 | 7,942 | 9,175 | 8,488 | 8,684 | 11,011 | 13,023 | 14,155 | 14,495 | |
Operating Profit | 786 | 816 | 910 | 1,021 | 1,084 | 1,244 | 1,413 | 1,369 | 1,357 | 1,399 | 1,569 | 1,874 | 1,943 |
OPM % | 13% | 14% | 13% | 15% | 14% | 14% | 13% | 14% | 14% | 11% | 11% | 12% | 12% |
75 | 35 | 31 | 47 | 103 | 14 | 146 | 40 | 65 | 4,774 | 132 | 83 | 84 | |
Interest | 6 | 2 | 3 | 3 | 5 | 7 | 7 | 11 | 25 | 40 | 30 | 50 | 44 |
Depreciation | 113 | 126 | 140 | 158 | 206 | 246 | 314 | 363 | 379 | 413 | 456 | 497 | 502 |
Profit before tax | 742 | 723 | 798 | 908 | 976 | 1,006 | 1,239 | 1,035 | 1,018 | 5,720 | 1,215 | 1,410 | 1,480 |
Tax % | 30% | 33% | 32% | 31% | 29% | 34% | 32% | 20% | 26% | 18% | 26% | 25% | |
523 | 487 | 546 | 624 | 694 | 668 | 844 | 826 | 758 | 4,684 | 904 | 1,053 | 1,106 | |
EPS in Rs | 6.15 | 5.73 | 6.42 | 7.35 | 8.16 | 7.86 | 9.93 | 9.71 | 8.92 | 55.11 | 10.63 | 12.39 | 13.01 |
Dividend Payout % | 26% | 31% | 34% | 33% | 29% | 31% | 24% | 42% | 22% | 4% | 19% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 17% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 10% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 20% |
3 Years: | 34% |
1 Year: | -21% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 |
Reserves | 3,339 | 3,646 | 3,970 | 4,426 | 4,879 | 5,304 | 5,902 | 6,211 | 6,809 | 10,513 | 11,125 | 13,052 | 14,111 |
0 | 0 | 18 | 103 | 170 | 0 | 0 | 28 | 286 | 290 | 278 | 396 | 390 | |
1,125 | 1,225 | 1,330 | 1,524 | 1,642 | 2,008 | 2,185 | 1,918 | 2,450 | 2,476 | 2,564 | 3,334 | 3,687 | |
Total Liabilities | 4,548 | 4,957 | 5,403 | 6,138 | 6,776 | 7,397 | 8,172 | 8,242 | 9,629 | 13,364 | 14,051 | 16,866 | 18,273 |
994 | 998 | 1,090 | 1,265 | 1,546 | 1,958 | 2,297 | 2,374 | 2,672 | 2,808 | 2,850 | 2,865 | 2,833 | |
CWIP | 59 | 51 | 100 | 186 | 141 | 234 | 255 | 297 | 201 | 312 | 101 | 202 | 231 |
Investments | 1,640 | 1,967 | 1,896 | 2,698 | 2,674 | 1,969 | 2,199 | 2,071 | 3,059 | 6,036 | 6,341 | 8,621 | 9,911 |
1,855 | 1,941 | 2,317 | 1,989 | 2,414 | 3,236 | 3,421 | 3,501 | 3,698 | 4,208 | 4,759 | 5,179 | 5,298 | |
Total Assets | 4,548 | 4,957 | 5,403 | 6,138 | 6,776 | 7,397 | 8,172 | 8,242 | 9,629 | 13,364 | 14,051 | 16,866 | 18,273 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
360 | 647 | 324 | 1,340 | 430 | 517 | 1,004 | 914 | 1,413 | 20 | 848 | 1,997 | |
-180 | -434 | -213 | -1,146 | -307 | -28 | -766 | -325 | -1,277 | 275 | -888 | -1,617 | |
-163 | -168 | -202 | -150 | -178 | -421 | -252 | -509 | -199 | -225 | -46 | -230 | |
Net Cash Flow | 17 | 45 | -90 | 44 | -55 | 67 | -14 | 80 | -62 | 71 | -86 | 149 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 31 | 32 | 30 | 32 | 30 | 37 | 37 | 30 | 32 | 35 | 32 | 29 |
Inventory Days | 105 | 110 | 122 | 98 | 118 | 107 | 94 | 128 | 130 | 105 | 107 | 107 |
Days Payable | 51 | 61 | 52 | 64 | 59 | 66 | 60 | 60 | 91 | 69 | 55 | 76 |
Cash Conversion Cycle | 86 | 82 | 100 | 66 | 89 | 79 | 72 | 98 | 71 | 71 | 84 | 60 |
Working Capital Days | 44 | 41 | 53 | 26 | 38 | 46 | 41 | 53 | 40 | 43 | 49 | 36 |
ROCE % | 23% | 20% | 21% | 21% | 20% | 20% | 20% | 17% | 15% | 12% | 11% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
17 Apr - Rs 300 Cr investment in subsidiary for lithium-ion battery plant.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
16 Apr - Exide not classified as large corporate under SEBI norms.
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Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
16 Apr - Exide not classified as 'Large Corporate' under SEBI circular.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 3 Apr
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Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results Of The Company For The Financial Year Ended 31St March 2025 Along With The Recommendation Of Final Dividend, If Any, On The Equity Shares For FY 2024-25.
2 Apr - Board meeting to approve audited financial results and dividend.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Concalls
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Nov 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT REC
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Sep 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Nov 2022TranscriptPPT
Products[1]
The company manufactures batteries for automotive sector like 2 wheeler, 4 wheeler, 3 wheeler, E-rickshaws and H-UPS. It manufactures batteries from 2.5 Ah for 2-wheelers to 260 Ah for Non vehicular. It also manufactures for industrial use from 7 Ah to 3200 Ah for multiple applications and for submarine uses too.