Amara Raja Energy & Mobility Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ARE&M, BSE:500008 Amara Raja Energy & Mobility Ltd.

Amara Raja Energy & Mobility Ltd.

28 Oct 2020

999.05

0.56%

Amara Raja Batteries: Q2FY21 Result Review

Accumulate: Amara Raja Energy & Mobili...

Target

IDBI Capital

Amara Raja's Q2FY21 result was a strong beat on all fronts. Its top-line /EBITDA were 23%/45% higher than our estimates. Amara Raja's sales increased by 14.2% YoY to Rs19,355 mn led by improvement across segments. EBITDA increased 16.4% YoY to Rs3,402 mn and EBITDA margin improved 33bps YoY to 17.6%. However, sharp fall in other income and higher tax expense resulted in 8.0% YoY fall in net income to Rs2 bn. We raise our FY21 sales/ EBITDA/ net profit estimates by 7%/14%/21% to factor better than expected Q2FY21 results. We also raise our FY22 sales/ EBTIDA/ net profit estimates by 4-6% and introduce FY23E numbers. We now value the stock at a PER of...

Number of FII/FPI investors decreased from 246 to 225 in Jun 2025 qtr

Amara Raja Energy & Mobility Ltd.

28 Oct 2020

999.05

0.56%

Above est.; Sharp recovery in demand across segments

Neutral: Amara Raja Energy & Mobili...

Target

Motilal Oswal

Amara Raja (AMRJ)'s 2QFY21 performance was driven by sharp demand recovery across segments post the lifting of the lockdown. 3QFY21 would see some RM cost pressure due to lead price inflation; however, sustenance of demand momentum would dilute the impact through a price passthrough and operating leverage. We upgrade our FY21/FY22E EPS estimates by 7.7%/1.3% to factor in a volume upgrade. Maintain Neutral, with TP of INR800 (18x Sep'22 EPS) as valuations fairly capture expected growth. 2QFY21 revenue/EBITDA grew by ~14%/16% YoY to ~INR19.4b/INR3.4b....

Amara Raja Energy & Mobility Ltd. has lost -26.32% in the last 1 Year

Amara Raja Energy & Mobility Ltd.

27 Oct 2020

999.05

0.56%

Amara Raja Batt

Sell: Amara Raja Energy & Mobili...

Recommendation Target

Dolat Capital

Amara Raja demonstrated strong operating performance in Q2FY21. Revenue was Rs 19.36bn (+14.2% YoY), led by recovery in demand from the automotive (both OEM and Replacement) and the industrial...

Number of FII/FPI investors decreased from 246 to 225 in Jun 2025 qtr

Amara Raja Energy & Mobility Ltd.

27 Oct 2020

999.05

0.56%

Amara Raja Batt

Buy: Amara Raja Energy & Mobili...

Sharekhan

Amara Raja Batteries Ltd (Amara) Q2FY21 results were better than estimates across parameters. Topline growth recovered to 14% yoy as both auto and industrial demand recovered; margins improved on operating leverage Amara is expected to continue outpacing organized lead acid battery industry driven by new automotive OEM client addition and enhancing distribution reach in aftermarket. Telecom and UPS too have huge growth potential. Operating leverage and cost control measures would lead to margins remaining at higher end of historical band of 14-17%...

Amara Raja Energy & Mobility Ltd. is trading above its 150 day SMA of 995.9

Amara Raja Energy & Mobility Ltd.

06 Oct 2020

999.05

0.56%

Amara Raja Batt

Buy: Amara Raja Energy & Mobili...

Anand Rathi

Number of FII/FPI investors decreased from 246 to 225 in Jun 2025 qtr

Amara Raja Energy & Mobility Ltd.

21 Aug 2020

999.05

0.56%

EARNINGS UPDATE- AMARA RAJA BATTERIES 1QFY21

Neutral: Amara Raja Energy & Mobili...

Recommendation Target

Chola Wealth Direct

Background: Amara Raja Batteries Ltd (ARBL) is the second largest automotive battery manufacturer and the largest supplier of industrial storage batteries in India. JCI, the global leader in lead-acid automotive batteries and advanced batteries for start-stop, hybrid and electric vehicles, provides technical support to ARBL. Company's business model is de-risked as it caters to automotive as well as industrial segments. Sales are...

Amara Raja Energy & Mobility Ltd. is trading below its 30 day SMA of 1008.2

Amara Raja Energy & Mobility Ltd.

11 Aug 2020

999.05

0.56%

AMAR RAJA BATTERY

Hold: Amara Raja Energy & Mobili...

Recommendation Target

Geojit BNP Paribas

Amara Raja Batteries Ltd (ARBL) is India's second largest Lead-acid battery manufacturer. Its segment include 70% from automotive & rest from industrial with a market leadership in Telecom segment. During Q1FY21, ARBL revenue came at 37%YoY due to subdued auto demand and lockdown. However, pickup in auto replacement market and in telecom sector has offset further decline. EBITDA margin came at 13.2% better than expected due to lower lead price and cost control initiatives. Material cost lowered by 110bps....

Amara Raja Energy & Mobility Ltd. has lost -26.32% in the last 1 Year

Amara Raja Energy & Mobility Ltd.

08 Aug 2020

999.05

0.56%

Amara Raja Batteries: Q1FY21 Result Review

Hold: Amara Raja Energy & Mobili...

Target

IDBI Capital

Amara Raja's Q1FY21 result was better than our expectation. Its sales/EBITDA were 5.7%/5.4% above our estimate. Its sales fell by 36.6% YoY to Rs 11,512 mn due to the nationwide lockdown amidst weak demand from OEMs/exports. Amara Raja's EBITDA fell 45.5% YoY to Rs 1,522 mn and EBITDA margin contracted 216 bps YoY to 13.2%. Amara Raja's net profit decreased 55.7 % YoY to Rs625 mn. We make minor changes to our FY21-22 forecasts. We value the stock at a PER of 20x...

Amara Raja Energy & .. has an average target of 1321.17 from 6 brokers.

Amara Raja Energy & Mobility Ltd.

16 Jun 2020

999.05

0.56%

AMAR RAJA BATTERY

Buy: Amara Raja Energy & Mobili...

Recommendation Target

Geojit BNP Paribas

Amara Raja Batteries Ltd (ARBL) is India's second largest Lead-acid battery manufacturer. Its segment include automotive and industrial lead acid batteries, with market leadership in Telecom segment. Under challenging market condition domestic replacement demand and export has substantially overcome the demand slowdown in Auto OE segment aided by significant traction in volume growth. During Q4FY20, ARBL revenue came flat at 0.9%YoY, (marginally inline with our estimate). PAT grew by 14.5%YoY. Despite weak demand, EBITDA margin came at above 15% (-10bps),...