Exide Industries Ltd

Exide Industries Ltd

₹ 415 -1.46%
21 Nov - close price
About

Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India. [1]

Key Points

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.

  • Market Cap 35,305 Cr.
  • Current Price 415
  • High / Low 620 / 278
  • Stock P/E 42.2
  • Book Value 163
  • Dividend Yield 0.48 %
  • ROCE 10.2 %
  • ROE 7.05 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 2.55 times its book value

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,389 3,312 3,523 4,022 3,841 3,538 3,677 4,245 4,372 3,980 4,173 4,436 4,450
2,966 2,932 3,191 3,634 3,410 3,140 3,305 3,807 3,872 3,548 3,725 3,963 3,978
Operating Profit 423 379 332 387 431 398 372 438 499 432 448 473 472
OPM % 12% 11% 9% 10% 11% 11% 10% 10% 11% 11% 11% 11% 11%
-27 -4 3,832 30 36 24 36 23 38 25 5 16 40
Interest 11 15 21 16 18 19 21 24 30 32 31 30 34
Depreciation 107 111 116 122 123 127 131 132 141 145 142 144 146
Profit before tax 278 250 4,026 280 326 276 256 304 366 281 281 316 332
Tax % 30% 29% 2% 28% 26% 28% 29% 26% 26% 28% 34% 30% 30%
194 178 3,953 202 241 198 181 224 270 203 186 221 233
EPS in Rs 2.31 2.10 46.58 2.39 2.84 2.34 2.12 2.62 3.17 2.36 2.17 2.59 2.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
6,308 8,254 9,471 9,477 11,179 12,808 14,721 14,471 10,359 12,789 15,078 16,770 17,038
5,452 7,385 8,528 8,289 9,805 11,400 13,159 13,014 8,994 11,387 13,485 14,946 15,213
Operating Profit 855 869 944 1,187 1,374 1,408 1,562 1,457 1,366 1,402 1,593 1,823 1,825
OPM % 14% 11% 10% 13% 12% 11% 11% 10% 13% 11% 11% 11% 11%
56 73 94 59 102 21 148 40 132 3,725 125 88 87
Interest 12 14 9 79 153 114 117 108 37 64 79 120 126
Depreciation 122 140 155 175 226 267 344 418 394 440 502 560 576
Profit before tax 777 787 874 992 1,097 1,048 1,249 972 1,068 4,623 1,138 1,231 1,210
Tax % 31% 31% 29% 29% 27% 34% 32% 22% 25% 6% 28% 28%
551 546 616 700 804 694 847 762 803 4,357 823 883 843
EPS in Rs 6.46 6.41 7.23 8.20 9.42 8.13 9.95 9.14 9.53 51.38 9.68 10.31 9.84
Dividend Payout % 25% 28% 30% 29% 25% 30% 24% 45% 21% 4% 21% 19%
Compounded Sales Growth
10 Years: 7%
5 Years: 3%
3 Years: 17%
TTM: 8%
Compounded Profit Growth
10 Years: 5%
5 Years: 2%
3 Years: 2%
TTM: -4%
Stock Price CAGR
10 Years: 10%
5 Years: 17%
3 Years: 35%
1 Year: 47%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 19%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,995 3,375 3,756 4,305 4,947 5,344 6,022 6,382 7,187 10,499 11,047 12,801 13,740
51 35 58 115 187 60 89 196 509 520 588 1,123 1,867
8,178 8,999 9,989 10,866 12,546 14,326 16,235 17,688 20,625 2,799 3,037 4,140 4,592
Total Liabilities 11,309 12,494 13,887 15,370 17,765 19,815 22,431 24,351 28,406 13,902 14,758 18,149 20,284
1,677 1,686 1,781 1,975 2,259 2,681 3,080 3,248 3,599 3,361 3,682 3,853 4,061
CWIP 61 63 115 192 149 241 300 405 431 341 525 1,352 2,464
Investments 6,787 7,890 8,817 10,446 11,884 12,490 14,328 15,816 18,807 5,558 5,106 5,940 6,774
2,784 2,855 3,175 2,757 3,474 4,402 4,723 4,883 5,570 4,642 5,444 7,004 6,985
Total Assets 11,309 12,494 13,887 15,370 17,765 19,815 22,431 24,351 28,406 13,902 14,758 18,149 20,284

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
399 872 180 1,583 937 914 1,687 1,619 2,263 61 768 1,531
-86 -591 -61 -1,329 -727 -535 -1,438 -1,097 -2,082 66 -799 -1,458
-155 -215 -199 -167 -182 -386 -217 -532 -170 -172 -30 110
Net Cash Flow 158 66 -79 87 28 -6 32 -9 11 -45 -61 183

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 34 29 27 28 24 31 31 27 38 31 30 30
Inventory Days 126 118 129 106 131 120 107 138 144 120 121 124
Days Payable 89 100 82 96 93 91 81 92 130 78 65 87
Cash Conversion Cycle 71 47 74 37 61 60 56 73 52 74 85 67
Working Capital Days 40 12 22 2 16 23 17 23 -11 44 50 37
ROCE % 27% 24% 23% 26% 26% 23% 21% 17% 14% 11% 10% 10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99% 45.99%
9.63% 10.13% 10.40% 10.48% 10.96% 12.32% 12.86% 12.81% 12.94% 13.57% 13.74% 12.31%
20.61% 19.16% 17.83% 17.82% 19.56% 18.92% 19.77% 19.05% 19.24% 18.57% 17.87% 17.96%
23.77% 24.71% 25.78% 25.71% 23.49% 22.76% 21.36% 22.14% 21.82% 21.88% 22.39% 23.73%
No. of Shareholders 6,96,5698,04,2888,37,7888,11,8407,30,8087,17,7856,94,1888,18,6818,63,8429,43,33110,75,62611,96,190

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls