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    Exide Industries Limited

    Leading Indian lead-acid battery maker serving automotive, industrial, solar and backup-power markets.

    Automobile and Auto Components
    Consumer Discretionary
    View EXIDEIND earnings calls
    ₹380.75
    +6.26% from avg

    Overview

    Price

    ₹380.75

    Market Cap

    ₹36.3k Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital8585858585858585
    Reserves6.4k7.2k10.5k11.0k12.8k13.8k14.6k13.8k
    Borrowings1965095205881.1k2.0k1.6k1.6k
    Other Liabilities17.5k20.6k2.8k3.0k4.1k5.5k5.4k5.7k
    Total Liabilities24.2k28.4k13.9k14.8k18.1k21.4k21.8k21.2k
    AssetsFixed Assets3.2k3.6k3.4k3.7k3.9k3.9k4.1k4.0k
    CWIP4054313415251.4k3.6k3.9k4.2k
    Investments15.8k18.8k5.6k5.1k5.9k6.5k7.4k6.1k
    Other Assets4.7k5.6k4.6k5.4k7.0k7.3k6.4k6.9k
    Total Assets24.2k28.4k13.9k14.8k18.1k21.4k21.8k21.2k

    Valuation

    Assumptions

    Current — EXIDEIND
    Price
    ₹381
    EPS (TTM)
    ₹10.04
    PE (TTM)
    37.9
    Profit growth
    1.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (37.3×) and current (37.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹381
    vs
    Fair value · 15% return
    ₹166
    56%Overvalued

    At 1.6% growth and a 37× exit, ₹381 only delivers your return if you pay ₹166. The price is currently baking in 18% growth.

    EPS grows 1.6%/yr for 5 years, then fades to 6% over 2, exits at 37×.

    YearGrowthEPS (₹)
    FY271.6%10.20
    FY281.6%10.36
    FY291.6%10.53
    FY301.6%10.70
    FY311.6%10.87
    FY323.8% ·fade11.28
    FY336.0% ·fade11.96

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Exide Industries Limited

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