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.

01 Aug 2019

1005.70

0.67%

EARNINGS UPDATE-AMARA RAJA BATTERIES 1QFY20

Buy: Amara Raja Energy & Mobili...

Chola Wealth Direct

Sector: Auto Parts & Equipment /Mid-Cap | Earnings Update 1QFY20 Background: Amara Raja Batteries Ltd (ARBL) is the second largest automotive battery manufacturer and the largest supplier of industrial storage batteries in India. The company supplies auto batteries to OEMs such as Ford, Hyundai, Honda, Mahindra & Mahindra, Maruti Suzuki, Ashok Leyland and Tata motors amongst others. Its Industrial division consists of brands such as PowerStack, Amaron Volt, Amaron Sleek, Amaron brute and Amaron Quanta. Company's business model is de-risked as it caters to automotive as well as industrial segments. The company's products are exported to most...

Motilal Oswal released a Neutral report for Amara Raja Energy & Mobility Ltd. with a price target of 1030.0 on 01 Oct, 2025.

Amara Raja Energy & Mobility Ltd.

23 Jul 2019

1005.70

0.67%

Amara Raja Batteries: Q1FY20 Result Review

Hold: Amara Raja Energy & Mobili...

Target

IDBI Capital

Amara Raja's Q1FY20 result was broadly in-line of our expectations; however net sales was better than our estimate by 5.3%. Its net sales stood at Rs18.1 bn (+2.0% YoY, 15.8% QoQ) led by higher automotive and export sales. EBITDA was in-line with our forecast at Rs.2.7 bn (+26.8% YoY, +15.3% QoQ); EBITDA margin improved 300bps YoY to 15.4% mainly on price hikes and lower prices of key raw material, lead. Net profit increased 24.7% YoY to Rs 1,409 mn. As Q1FY20 result was in line with our expectation, we broadly maintain our FY20/FY21 forecasts. We continue to value the stock at PE of 18x on our FY21E EPS and maintain...

Motilal Oswal released a Neutral report for Amara Raja Energy & Mobility Ltd. with a price target of 1030.0 on 01 Oct, 2025.

Amara Raja Energy & Mobility Ltd.

22 Jul 2019

1005.70

0.67%

Amara Raja Batt

Accumulate: Amara Raja Energy & Mobili...

Recommendation Target

Dolat Capital

Amara Raja reported strong results in 1QFY20 in challenging conditions. Net profit jumped 25% YoY to ` 1.4bn, due to sharp margin expansion of 300bps and a low base. We remain positive about the Indian batteries market, as we expect 1) replacement demand to further improve, given healthy primary sales in the past three years, 2) a market share gain from unorganized players, after GST, and 3) an uptick in the nascent e-rickshaws /solar batter. We forecast Revenue/EBITDA/PAT CAGR of 8%/11%/10% over FY19-21E. At CMP, the stock trades at 19/18x for FY20/21E EPS (vs 5...

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

Amara Raja Energy & Mobility Ltd.

20 Jul 2019

1005.70

0.67%

Margins powered by volumes growth; price cuts in 2W aftermarket

Buy: Amara Raja Energy & Mobili...

Target

Motilal Oswal

20 July 2019 to just 2% YoY (INR18.2b v/s our estimate of INR17.4b). 4W battery volumes increased 5% YoY, driven by growth of 10-11% YoY in aftermarket and 22% YoY in exports, partly offset by an 18% YoY decline in OEM volumes. 2W volumes were up 6-7% YoY, driven by 20% YoY growth in aftermarket, despite 25-28% YoY decline OEM volumes. Industrial volumes increased 11% YoY, driven by 25% YoY growth in UPS, despite 8-9% YoY decline in telecom battery volumes. Lead prices were lower by 10-12% YoY. Operating leverage and change in lease accounting (20-25bp benefit) drove 15.1%). Implementation of AS116 (lease accounting) resulted in higher depreciation (by ~INR40m) and interest cost (by ~INR10m). Adj. PAT increased (a) AMRJ recently reacted to the 5- 6% price cut in the 2W replacement market by EXID. (b) Realized lead price was at INR141-143k/ton (v/s INR154k in 4QFY19).

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

Amara Raja Energy & Mobility Ltd.

31 May 2019

1005.70

0.67%

EARNINGS UPDATE- AMARA RAJA BATTERIES 4QFY19

Buy: Amara Raja Energy & Mobili...

Target

Chola Wealth Direct

Sector: Auto Parts & Equipment /Mid-Cap | Earnings Update 4QFY19 Background: Amara Raja Batteries Ltd (ARBL) is the second largest automotive battery manufacturer and the largest supplier of industrial storage batteries in India. It is a joint venture between the Galla family and US based Johnson Control (JCI) with 26% each. 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...

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

Amara Raja Energy & Mobility Ltd.

27 May 2019

1005.70

0.67%

AMAR RAJA BATTERY

Hold: Amara Raja Energy & Mobili...

Target

Geojit BNP Paribas

Amara Raja Batteries Ltd (ARBL) is India's second largest Lead-acid battery manufacturer. Its segment includes automotive and industrial lead acid batteries, with market leadership in Telecom segment. During Q4FY19, ARBL reported a muted revenue growth of 0.9%YoY, (below our estimate) on the back of lower auto sales from manufacture's and weak contribution from telecom segment . However EBITDA margin expanded by 200bps to 15.5% due to sharp decline in Lead price and better operating efficiencies....

Motilal Oswal released a Neutral report for Amara Raja Energy & Mobility Ltd. with a price target of 1030.0 on 01 Oct, 2025.

Amara Raja Energy & Mobility Ltd.

16 May 2019

1005.70

0.67%

Amara Raja Batt

Buy: Amara Raja Energy & Mobili...

Dolat Capital

Broadly in line with our estimates; Accumulate Amara Raja's Q4FY19 results were broadly in line with our estimates. The net revenue was ` 15.6bn (-1% YoY due to muted revenue from the automotive OEM segment and the telecom segment, offset by decent growth in the automotive replacement and inverter sales. The APAT grew 7% YoY to ` 1.20 bn, due to margin expansion. We remain positive about the Indian batteries market, as we expect 1) replacement demand to further improve, given healthy primary sales in the past three years, 2) a...

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

Amara Raja Energy & Mobility Ltd.

16 May 2019

1005.70

0.67%

Weak OEM, Telecom impacts revenue growth; Mix, decline in RM drives margins

Buy: Amara Raja Energy & Mobili...

Target

Motilal Oswal

Weak OEM, Telecom impacts revenue growth; Mix, decline in RM drives margins First revenue decline since 1QFY10: Revenues declined by 1% YoY to INR15.7b (our est. INR16.9b), impacted by lead price pass-through (in 40-50% of the business). The healthy volume growth in aftermarket (4W 11-12% YoY, 2W 18-20% YoY) and exports (15-20% YoY) was offset by ~10% YoY decline in...

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

Amara Raja Energy & Mobility Ltd.

16 May 2019

1005.70

0.67%

Amara Raja Batteries Ltd

Sell: Amara Raja Energy & Mobili...

Recommendation Target

ICICI Securities Limited

Replacement demand, benign lead prices to support! ARBL's segment mix was at ~75% automotive and ~25% industrial. Replacement demand forms a lion's share of automotive demand at ~70% while OEM demand makes up the rest. The auto OEM space has been witnessing muted demand since Diwali, thereby having a knock-on impact on ancillary players including battery makers. OEM demand is expected to remain subdued in the next few quarters amid vast regulatory changes (ABS, BS-VI) and general slowdown in consumer discretionary expenditure....

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

Amara Raja Energy & Mobility Ltd.

04 Apr 2019

1005.70

0.67%

Amara Raja Batteries Ltd

Hold: Amara Raja Energy & Mobili...

Target

ICICI Securities Limited

In November 2018, Johnson Control had entered into an agreement with Brookfield Business Partners LP and institutional partners (collectively Brookfield) to sell its entire stake in the power solution business and focus on its core capability. The said transaction included transfer of the entire automobile battery business to Brookfield. It valued power solution business at US$13.2 billion, which clocked sales of US$8 billion in CY18 with corresponding EBITDA at US$1.7 billion (EBITDA margins 21%). On the valuation front, the said business was acquired at ~1.6 EV/sales and ~8x...

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

Is Amara Raja Batteries Ltd. worth buying?

1084 Votes:

Buy 80.35%

Sell 11.07%

Hold 8.58%

RESEARCH REPORTS

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