Exide Industries Ltd
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. [1]
- Market Cap ₹ 35,556 Cr.
- Current Price ₹ 418
- High / Low ₹ 620 / 290
- Stock P/E 32.3
- Book Value ₹ 167
- Dividend Yield 0.48 %
- ROCE 11.3 %
- ROE 8.39 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 2.50 times its book value
- 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 250 LargeMidCap Index Nifty LargeMidcap 250 Nifty Total Market BSE Auto BSE MidCap
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 | 16,430 | |
5,227 | 5,093 | 5,892 | 5,773 | 6,499 | 7,942 | 9,175 | 8,488 | 8,684 | 11,011 | 13,023 | 14,155 | 14,496 | |
Operating Profit | 786 | 816 | 910 | 1,021 | 1,084 | 1,244 | 1,413 | 1,369 | 1,357 | 1,399 | 1,569 | 1,874 | 1,934 |
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 | 93 | |
Interest | 6 | 2 | 3 | 3 | 5 | 7 | 7 | 11 | 25 | 40 | 30 | 50 | 46 |
Depreciation | 113 | 126 | 140 | 158 | 206 | 246 | 314 | 363 | 379 | 413 | 456 | 497 | 505 |
Profit before tax | 742 | 723 | 798 | 908 | 976 | 1,006 | 1,239 | 1,035 | 1,018 | 5,720 | 1,215 | 1,410 | 1,476 |
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 | 1,101 | |
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 | 12.96 |
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: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 10% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 18% |
3 Years: | 37% |
1 Year: | 39% |
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
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Dec
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
19 Dec - Exide Energy Solutions partners with Hyundai for battery supply.
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Disclosure Of Voting Results Of Postal Ballot
18 Dec - Disclosure of postal ballot voting results.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
18 Dec - Voting results for appointment of Independent Director.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
18 Dec - Appointment of Mr. Jaidit Singh Brar as Independent Director.
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.