Exide Industries (EXIDEIND) had a P/E of 29.0× on 6 Nov 2026, above the industry P/E of 25.6×, and the shares are 28% below their 52-week high. Its ROCE of 8.8% is the lowest among the 7 largest Auto Parts peers, and sales and net profit grew 6.1% and 1.3% a year over 3 years. Its dividend yield is 0.6%, and debt is 0.12× equity. It is a small-cap company with a market cap of ₹30,375 Cr, ranked 10th of 140 Auto Parts companies by market cap; the shares fell 4.5% over the past year.
- ₹361.05
- ₹361.40
- ₹349.60
- ₹362.50
- 22.2 L
Health check
- ReturnsBehind
−4.5% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 29.0 vs industry 25.6.
- GrowthSlow
Sales +6.1%, profit +1.3% a year over 3 years.
- ProfitabilityWeak
ROCE 8.8% vs peer median 15.6%.
- Balance sheetSolid
Debt 0.12× equity, interest covered 12.2×, Piotroski 7 of 9.
- Red flags1 to check
Return on equity is low at 7.3%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹30,375 Cr
- Small cap
- P/E
- 29.0
- Industry 25.6
- Price to book
- 2.19
- Peers 8.75
- Dividend yield
- 0.56%
- ROE
- 7.3%
- Peers 12.3%
- ROCE
- 8.8%
- Peers 15.6%
- Debt to equity
- 0.12
- Debt ₹1,617 Cr
- EPS (TTM)
- ₹12.31
- Face value ₹1
- OPM (TTM)
- 10.7%
- Net margin 5.3%
- Sales growth
- +21.2%
- Latest quarter vs a year ago
- Profit growth
- +66.4%
- Latest quarter vs a year ago
- Price to sales
- 1.54
- EV/EBITDA 14.9
Strengths and risks
Strengths
- Quarterly profit up 66.4% on a year ago.
- Quarterly sales up 21.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 7.3%.
About Exide Industries
Exide Industries Limited designs, manufactures, markets, and sells lead acid batteries and accumulators in India and internationally. It offers automotive, infrastructural, genset, solar, inverter, institutional uninterrupted power supply (UPS), and submarine batteries, as well as home UPS systems, integrated power back-up systems, and e-rickshaw vehicles. The company also manufactures and supplies recycled lead and lead alloys; offers lithium-ion…
- Headquarters
- Kolkata
- Employees
- 5,143
- Sector
- Consumer Cyclical
- ISIN
- INE302A01020
- Website
- exideindustries.com
Price range
- Avg volume (3M)
- 23.7 L
- 1-year return
- minus 4.5%
- From 52-week high
- minus 28.0%
Analyst consensus
Next results expected around 28 Jan 2027
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| EXIDEINDExide Industries | 357.35 | minus 1.42% | 30,375 | 29.0 | 2.19 | 8.8% | 7.3% | 10.7% | 6.1% | 1.3% | 0.56% | minus 4.5% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 4,365 | 4,201 | 4,735 | 5,528 | 5,292 | |
| 3,973 | 3,748 | 4,247 | 4,907 | 4,730 | |
| 391 | 452 | 489 | 621 | 562 | |
| 9.0% | 10.8% | 10.3% | 11.2% | 10.6% | |
| 53.8 | 15.7 | 4 | 27.4 | 42.5 | |
| 39.7 | 25.1 | 26.6 | 19.8 | 31 | |
| 152 | 149 | 138 | 142 | 149 | |
| – | −10.4 | – | – | – | |
| 253 | 283 | 327 | 487 | 424 | |
| 31.5% | 31.1% | 33.8% | 27.9% | 32.2% | |
| 172 | 194 | 215 | 350 | 286 | |
| 2.02 | 2.29 | 2.53 | 4.12 | 3.37 |
Profit & loss
- Sales CAGR 3Y
- +6.1%
- Profit CAGR 3Y
- +1.3%
- EPS CAGR 3Y
- +1.3%
- ROE
- 7.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 14,981 | 16,673 | 17,145 | 17,908 | |
| – | +11.3% | +2.8% | +4.5% | |
| 13,387 | 14,827 | 15,312 | 16,003 | |
| 1,593 | 1,846 | 1,833 | 1,905 | |
| 10.6% | 11.1% | 10.7% | 10.6% | |
| 63.8 | 34.1 | 35.6 | −1.9 | |
| 73.8 | 116 | 150 | 111 | |
| 501 | 560 | 582 | 589 | |
| 55.2 | 27.6 | 40.2 | 46 | |
| 1,138 | 1,231 | 1,176 | 1,249 | |
| 27.7% | 28.3% | 31.9% | 31.1% | |
| 823 | 877 | 795 | 854 | |
| – | +6.6% | minus 9.3% | +7.4% | |
| 9.68 | 10.31 | 9.35 | 10.05 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 85 | 85 | 85 | 85 | |
| 11,047 | 12,801 | 13,828 | 13,820 | |
| 588 | 1,123 | 2,017 | 1,575 | |
| 3,045 | 4,141 | 5,466 | 5,740 | |
| 14,765 | 18,150 | 21,396 | 21,220 | |
| 3,959 | 5,661 | 7,378 | 7,933 | |
| 379 | 1,901 | 3,524 | 3,996 | |
| 4,478 | 5,655 | 6,122 | 5,271 | |
| 735 | 582 | 499 | 1,082 | |
| 5,215 | 4,350 | 3,873 | 2,938 | |
| 14,765 | 18,150 | 21,396 | 21,220 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 768 | 1,533 | 1,273 | 2,413 | |
| −799 | −1,458 | −1,934 | −1,551 | |
| −30.1 | 108 | 515 | −805 | |
| −60.7 | 183 | −146 | 57.5 | |
| −993 | −1,876 | −1,949 | −1,153 | |
| −225 | −343 | −676 | 1,261 | |
| – | −170 | −170 | −170 |
Shareholding pattern
- Promoters45.99%
- Public54.01%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 45.99% | 54.01% | 0.00 | |
| 30 Jun 2026 | 45.99% | 54.01% | 0.00 | |
| 31 Mar 2026 | 45.99% | 54.01% | 0.00 | |
| 31 Dec 2025 | 45.99% | 54.01% | 0.00 | |
| 30 Sep 2025 | 45.99% | 54.01% | – |
Major shareholders
Filings & events
News
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