Is Exide Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Exide Industries Ltd is a good quality company .

Is Exide Industries undervalued or overvalued?

The key valuation ratios of Exide Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Exide Industries share price return in the past 10 years?

Exide Industries Ltd share price has appreciated 10.4% annually (CAGR) over the past ten years.

Is Exide Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Exide Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Exide Industries?

The latest standalone P/E ratio of Exide Industries as of 22-Nov-2024 is 32.73.

What is the P/B ratio of Exide Industries?

The latest standalone P/B ratio of Exide Industries as of 22-Nov-2024 is 2.54.

What is the 52-week high and low of Exide Industries?

The 52-week high of Exide Industries is Rs. 620.00 and the 52-week low is Rs. 278.40.

Exide Industries Ltd - Stock Valuation and Financial Performance

Name: Exide Industries
Brand: Exide Industries

BSE: 500086 | NSE: EXIDEIND | Batteries | Mid Cap

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Exide Inds Share Price

₹424.10 8.45 2.03%
as on 22-Nov'24 16:59

10 Year X-Ray of Exide Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	20.7%	21%	20.1%	19.3%	21.9%	17%	15.8%	65.8%	11.4%	12%	-
Value Creation Index ⓘ	0.5	0.6	0.5	0.4	0.6	0.3	0.2	3.9	-0.2	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6,866	6,854	7,583	9,186	10,588	9,857	10,041	12,410	14,592	16,029	16,430
Sales YoY Gr.	-	-0.2%	10.7%	21.1%	15.3%	-6.9%	1.9%	23.6%	17.6%	9.9%	-
Adj EPS ⓘ	6.4	7.3	8.1	8.1	9	9.8	8.8	16.1	9.9	12	13
YoY Gr.	-	14%	10.4%	0%	10.9%	9.4%	-10.7%	83.3%	-38.5%	21.5%	-
BVPS (₹) ⓘ	47.4	53.1	58.4	63.4	70.4	74.1	81.1	124.7	131.9	154.6	167
Adj Net Profit ⓘ	547	623	688	688	762	834	745	1,365	839	1,019	1,102
Cash Flow from Ops. ⓘ	325	1,340	430	517	1,004	914	1,413	20.5	848	1,997	-
Debt/CF from Ops. ⓘ	0.1	0.1	0.4	0	0	0	0	0.5	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.9%	8.7%	16.9%	9.9%
Adj EPS ⓘ	7.2%	6%	11%	21.5%
BVPSⓘ	14%	17%	24%	17.2%
Share Price	10.4%	17%	35.3%	50.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	14	14.6	14.5	13.3	13.4	13.6	11.3	15.6	7.7	8.4	8.1
Op. Profit Mgn % ⓘ	13.3	14.9	14.3	13.6	13.4	13.9	13.5	11.3	10.8	11.7	11.8
Net Profit Mgn % ⓘ	8	9.1	9.1	7.5	7.2	8.5	7.4	11	5.8	6.4	6.7
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	98	99	92	107	112	124	126	112	107	108	59
Cash Conv. Cycle ⓘ	55	51	48	58	58	69	67	64	72	69	22

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.87%

Net Profit is growing at healthy rate in last 3 years 11.03%

Return on Equity has declined versus last 3 years average to 8.10%

Sales growth is not so good in last 4 quarters at 8.88%

Latest Financials - Exide Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	13	9.8
TTM Sales (₹ Cr.)	16,430	17,038
BVPS (₹.) ⓘ	167	162.7
Reserves (₹ Cr.) ⓘ	14,111	13,740
P/BV ⓘ	2.54	2.61
PE ⓘ	32.73	43.10

From the Market
52 Week Low / High (₹)	278.40 / 620.00
All Time Low / High (₹)	1.93 / 620.00
Market Cap (₹ Cr.)	36,049
Equity (₹ Cr.)	85
Face Value (₹)	1
Industry PE ⓘ	31.8

Management X-Ray of Exide Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Exide Inds

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Exide Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	6,866	6,854	7,583	9,186	10,588	9,857	10,041	12,410	14,592	16,029
Operating Expenses ⓘ	5,957	5,837	6,500	7,944	9,176	8,490	8,684	11,011	13,023	14,157
Manufacturing Costs	497	469	565	609	665	652	581	693	807	879
Material Costs	4,552	4,241	4,715	6,010	6,970	6,266	6,580	8,580	10,199	11,068
Employee Cost	417	467	520	597	638	666	722	802	872	983
Other Costs ⓘ	491	659	701	728	903	906	803	936	1,146	1,226
Operating Profit ⓘ	909	1,017	1,083	1,242	1,413	1,367	1,357	1,399	1,569	1,873
Operating Profit Margin (%)	13.2%	14.8%	14.3%	13.5%	13.3%	13.9%	13.5%	11.3%	10.8%	11.7%
Other Income ⓘ	32	52	104	58	39	64	65	80	132	85
Interest ⓘ	3	3	5	7	7	11	25	40	30	50
Depreciation ⓘ	140	158	206	246	314	363	379	413	456	497
Exceptional Items ⓘ	0	0	0	-42	108	-22	0	4,694	0	0
Profit Before Tax ⓘ	798	908	976	1,006	1,239	1,035	1,018	5,720	1,215	1,410
Tax ⓘ	253	284	282	338	395	210	260	1,036	311	357
Profit After Tax	546	624	694	668	844	826	758	4,684	904	1,053
PAT Margin (%)	8.0%	9.1%	9.1%	7.3%	8.0%	8.4%	7.6%	37.7%	6.2%	6.6%
Adjusted EPS (₹)	6.4	7.4	8.2	7.9	9.9	9.7	8.9	55.1	10.6	12.4
Dividend Payout Ratio (%)	34%	33%	29%	31%	24%	42%	22%	4%	19%	16%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	4,055	4,511	4,964	5,389	5,987	6,296	6,894	10,598	11,210	13,137
Share Capital ⓘ	85	85	85	85	85	85	85	85	85	85
Reserves ⓘ	3,970	4,426	4,879	5,304	5,902	6,211	6,809	10,513	11,125	13,052
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	18	103	170	0	0	0	0	10	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	18	103	170	0	0	0	0	10	0	0
Trade Payables	648	745	768	1,079	1,143	1,030	1,642	1,619	1,526	2,310
Others Liabilities ⓘ	683	780	874	929	1,043	916	1,094	1,071	1,199	1,406
Total Liabilities ⓘ	5,403	6,138	6,776	7,397	8,172	8,242	9,629	13,298	13,935	16,853
Fixed Assets
Gross Block	2,226	1,421	1,906	2,559	3,207	3,604	4,274	4,825	5,347	5,800
Accumulated Depreciation	1,136	155	360	601	910	1,264	1,636	2,051	2,497	2,935
Net Fixed Assetsⓘ	1,090	1,265	1,546	1,958	2,297	2,339	2,638	2,775	2,850	2,865
CWIP ⓘ	100	186	141	234	255	297	201	312	101	202
Investmentsⓘ	1,896	2,698	2,674	1,969	2,199	2,071	3,059	6,036	6,341	8,621
Inventories	1,523	1,134	1,527	1,760	1,804	2,192	2,346	2,465	2,989	3,249
Trade Receivables	555	604	622	943	1,081	815	887	1,194	1,274	1,264
Cash Equivalents	30	74	20	87	74	155	91	161	74	223
Others Assetsⓘ	209	178	246	445	462	373	407	355	305	429
Total Assets ⓘ	5,403	6,138	6,776	7,397	8,172	8,242	9,629	13,298	13,935	16,853

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	325	1,340	430	517	1,004	914	1,413	20	848	1,997
PBT ⓘ	798	908	976	1,006	1,239	1,035	1,018	5,720	1,215	1,410
Adjustment ⓘ	119	122	121	217	185	343	363	-4,304	408	470
Changes in Working Capital ⓘ	-346	578	-385	-356	-47	-216	304	-348	-454	487
Tax Paid ⓘ	-248	-268	-281	-350	-373	-249	-272	-1,047	-321	-371
Cash Flow From Investing Activity ⓘ	-213	-1,146	-307	-28	-766	-325	-1,277	275	-888	-1,617
Capex	-305	-395	-416	-771	-551	-465	-338	-578	-349	-484
Net Investments	70	-786	25	705	-50	202	-872	216	207	351
Others ⓘ	22	34	83	38	-165	-62	-66	638	-746	-1,484
Cash Flow From Financing Activityⓘ	-202	-150	-178	-421	-252	-509	-199	-225	-46	-230
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	-1	-4	-6	-6	-7	-4	-15	-6	-6
Dividend Paid ⓘ	-218	-195	-203	-245	-204	-485	-170	-170	0	-170
Others ⓘ	18	46	28	-170	-42	-17	-24	-40	-41	-54
Net Cash Flow ⓘ	-90	44	-55	67	-14	80	-62	71	-86	149

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	14.11	14.62	14.64	12.91	14.84	13.44	11.5	53.56	8.29	8.65
ROCE (%)	20.66	21.03	20.13	19.25	21.91	17.04	15.81	65.83	11.42	11.99
Asset Turnover Ratio	1.48	1.34	1.32	1.33	1.36	1.2	1.12	1.08	1.07	1.04
PAT to CFO Conversion(x)	0.6	2.15	0.62	0.77	1.19	1.11	1.86	0	0.94	1.9
Working Capital Days
Receivable Days	26	27	26	30	35	35	31	31	31	29
Inventory Days	65	63	57	63	61	74	82	71	68	71
Payable Days	47	53	51	49	51	56	62	49	36	41

Exide Industries Ltd Stock News

Exide Industries Ltd FAQs

What is the share price of Exide Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Exide Inds on 22-Nov-2024 16:59 is ₹424.1.

What is the market cap of Exide Inds?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Exide Inds stood at ₹36,048.5.

What is the P/E ratio of Exide Inds?

The latest P/E ratio of Exide Inds as of 22-Nov-2024 16:59 is 32.73.

What is the P/B ratio of Exide Inds?

The latest P/B ratio of Exide Inds as of 22-Nov-2024 16:59 is 2.54.

What is the 52-week high and low of Exide Inds?

The 52-week high of Exide Inds is ₹620.0 and the 52-week low is ₹278.4.

What is the TTM revenue of Exide Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Exide Inds is ₹16,430 ( Cr.) .

About Exide Industries Ltd

Exide Industries Limited is a public company domiciled in India and is incorporated under the provisions of the Companies Act, 2013. Its shares are listed on three recognised stock exchanges in India. The company is primarily engaged in the manufacturing of Storage Batteries and allied products in India.

Business area of the company

The company is a leader in energy storage and management solutions. It is the only company in the world manufacturing the lead acid industry’s most comprehensive range of products and services.

Products

Automotive Batteries
Industrial Batteries
Genset Batteries
Solar Batteries
Inverter Batteries
Home UPS Systems
Submarine Batteries
E-Rickshaw Vehicles

Awards

2014:

Won the Green Tech Safety Award - 2014
Received Gold Award from Arogya World Trust for creating 'Healthy Workplace'
Received the Silver Recognition Award in OSH India Chennai 2014
Won the Tamil Nadu State Safety Award from the Labour Minister, Government of Tamil Nadu
Won Gold Award in Competition for Maintenance Personnel from ABK-AOTS DOSOKAI
Received 4+ star grading in quality and 5 star grading in delivery from HMI
Received the Quality Improvement Award - 2014 from M/s Hyundai
Received the MSIL - Design & Development Award for EIL SF R&D Taloja Plant, during MSIL Vendor Conference, Dubai
Won the Manufacturing Today - Runner Up Award for Excellence in Operation (Large) category
Awarded with GM-QSB Certificate for three years (2014-17)
Received 15th Annual Greentech Environment Award 2014 - Silver category

2015:

Excellence in Consistent TPM Commitment 2015
Quality Improvement Award 2015
Runner-Up in Excellence in Customer Service 2015
Runner-Up in Training and Skill Development 2015
16th Annual Greentech Environment -Gold Award by Greentech in 2015
16th Annual Greentech Environment -Silver Award by Greentech in 2015
Prime Minister Shram Shree Award
3rd Position in 15th National Supervisory Skill Competition
1st Rank in Delivery & Quality for Dec'15
1st Rank in Delivery & Quality for Nov' 15
Supplier Quality Excellence Award 2015
Good Supplier Performance for July'15
1st Prize in Slogan Competition in 2015
1st Prize in Poem Competition in 2015
Poka-Yoke Competition Award (Platinum Award) in 2015
Poka-Yoke Competition Award (Gold Award) in 2015

2016:

CII-ITC Award 2016 for Commendable Achievement in SCM Sustainability
Golden Peacock Award for Excellence in Corporate Governance 2016
Manufacturing Today Award 2016
Greentech Safety Award 2016
Golden Peacock National Quality Award 2016
NCQC Excellence Awards - 2015-16
RCQC Excellence Awards - 2015-16
Frost & Sullivan Sustainability 4.0 Awards - 2016
1st Rank in Delivery & Quality for Jan' 16

2017:

Greentech Safety Award 2017
Arogya Healthy Work Place Award 2017
Rashtra Vibhushan Award 2017
Golden Peacock Award for Sustainability
JIPM Japan's Award For Excellence

2018:

CII-ITC Sustainability Award 2018
CII Productivity Award 2018
Gold Award From Indus Towers For Technology Support

Milestones

1920: Chloride Electrical Storage Co. (CESCO), UK set up trading operations in India as Import House
1946: First factory established in Shamnagar, West Bengal
1969: Second factory established in Chinchwad, Pune
1976: R&D Centre established in Kolkata, West Bengal
1981: Third factory established in Haldia, West Bengal
1983: Exide becomes the first indigenous original equipment in a Maruti 800. Till then a Maruti car came with 100 per cent imported components.
1995: Chloride Industries Limited renamed as 'Exide Industries Limited'
1997: Fourth factory established in Hosur, Tamil Nadu
1998: Takeover of the industrial undertakings of Standard Batteries Limited as a going concern
2000: 100% acquisition of CBSEA, Singapore
2003: Commissioning of plant at Bawal, Haryana
2004: Increased ABM Ceylon holding to 61%
2005: 50% acquisition of Exide Life Insurance Company Limited
2007: Increased shareholding to 100% in Chloride Power Systems & Solutions Limited
2008: Export plant set up in Haldia
2010: Ahmednagar facility for MC batteries commenced production
2011: Acquisition of first home UPS manufacturing facility at Roorkee
2012: Acquisition of Second Home UPS manufacturing facility at Haridwar
2013: Acquisition of remaining 50% shareholding in Exide Life Insurance Company Limited
2017: 20 year legal battle with Exide Technologies comes to an end as the US company gives up its claim on the right to use the trade mark Exide in India in favour of Exide Industries Limited.
2018: Exide enters the lithium-ion batteries industry through its Joint Venture with Leclanche SA
2019: Exide enters E-Rickshaw business