NSE: EXIDEIND | BSE: 500086

Mid-range Performer

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383.85 1.00 (0.26%)

38.12% Fall from 52W High

2.4M NSE+BSE Volume

NSE 15 May, 2025 3:31 PM (IST)

32,627.2

Market Cap

High in industry

1.4

Beta 1Year

Very High Volatility

Exide Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for EXIDEIND, BSE:500086 Exide Industries Ltd.

Exide Industries Ltd.

03 Aug 2018

383.85

0.26%

Exide Industries Ltd Q1FY19 results Comment

Results Update: Exide Industries Ltd.

HDFC Securities

Revenue rose by 12.73% to Rs. 2772.46 Cr in Q1FY19 when compared to the previous quarter. Exide Industries Ltd Q1FY19 results Comment

Exide Industries Ltd. is trading below its 150 day SMA of 403.5

Exide Industries Ltd.

03 Aug 2018

383.85

0.26%

Result Review of Exide Industries

Accumulate: Exide Industries Ltd.

Target

IDBI Capital

Exide's top-line was better than our estimate while EBITDA margin and net profit were in line with our forecasts. Net sales were ahead of our expectations at Rs28 bn (+32.6% YoY, +12.7% QoQ). Automotive and motorcycle sales remained strong; even UPS, Telecom and Solar segments continued to grow during the quarter. EBITDA margin was in-line with our forecast at 14.1% (-141bps YoY, +36bps QoQ). EBITDA at Rs3.9 bn (+20.6% YoY, 15.6% QoQ) was 7.8% ahead of our estimate. Other income was lower than our forecast (fell 68.2% YoY to Rs42 mn). Hence, net profit was in-line with our forecast at Rs2.1 bn (+11.1% YoY, +10.7% QoQ) despite EBITDA beat....

Exide Industries Ltd. is trading above its 100 day SMA of 374.7

Exide Industries Ltd.

03 Aug 2018

383.85

0.26%

Exide Industries Ltd. - Result Update - 03 August 2018

Hold: Exide Industries Ltd.

Target

Way2Wealth

As per the management, the volume growth in Automotive and Motorcycle batteries remained strong whereas in UPS, Telecom and Solar batteries as well as in other infrastructure segments were good during the quarter. The company is focusing on cost...

Exide Industries Ltd. is trading above its 100 day SMA of 374.7

Exide Industries Ltd.

02 Aug 2018

383.85

0.26%

Exide Industries (1QFY19): Marching ahead. Maintain BUY

Buy: Exide Industries Ltd.

Target

HDFC Securities

Maintain Buy with revised SOTP-based TP of Rs 304, based on 20x FY20E EPS + 2x Inv (Rs 37) for the insurance business stake. Exides 1QFY19 revenue and EBIDTA number were 8/7% ahead of our estimates. Net revenue at Rs 27.72bn (+32% YoY,) led by strong traction in automotive and industrial batteries sales. EBITDA at Rs 3.91bn (+21%YoY) with margin at 14.1%(-120bpsYoY/+36 bps QoQ) impacted by higher lead cost (+16% YoY). APAT stood at Rs 2.10bn (+11%YoY), impacted by higher depreciation and lower other income.

Exide Industries Ltd. is trading below its 150 day SMA of 403.5

Exide Industries Ltd.

02 Aug 2018

383.85

0.26%

Exide Industries

Buy: Exide Industries Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Exide Industries' (EIL) revenues grew 31.8% YoY to | 2,772 crore vs. our estimate of | 2,457 crore. EIL's automotive battery volumes remained strong while growth in the UPS, telecom, solar as well as other infrastructure space continued to be good during the quarter EBITDA margins contracted 132 bps YoY but expanded 36 bps QoQ to 14.1% vs. our estimate of 14.4%. Higher raw material cost (average lead price for Q1FY19 increased 14.8% YoY to | 160/kg)...

Motilal Oswal decreased Neutral price target of Exide Industries Ltd. to 368.0 on 06 May, 2025.

Exide Industries Ltd.

02 Aug 2018

383.85

0.26%

Exide Industries: Leadership to strengthen further driven by technology

Buy: Exide Industries Ltd.

Target

Motilal Oswal

We attended Exide Industries' (EXID) AGM, where management highlighted its initiatives on technologies like Bi-polar batteries and Ultra batteries, which would provide competitive advantage for the company. Management also revealed its FY19 capex plan of ~INR11b, of which INR8b would be incurred on capacity expansion. Further, EXID's FY18 annual report details the initiatives and the likely focus areas that could further strengthen its leadership.

Exide Industries Ltd. has an average target of 449.00 from 5 brokers.

Exide Industries Ltd.

01 Aug 2018

383.85

0.26%

Operating performance better than expected; PAT in-line

Buy: Exide Industries Ltd.

Target

Motilal Oswal

1 August 2018 Net sales grew 31.8% YoY (and 12.7% QoQ) to INR27.7b, driven by growth in Automotive, UPS, Inverter, Telecom, Solar and Infrastructure batteries. Our channel check suggests that the company has taken cumulative price increase of 1-1.5% during the quarter, which also aided revenue growth. Average spot lead price for 1QFY19 declined 1.4% QoQ (but increased 15% YoY) to INR160 per kg. In July 2018, lead prices declined 4.5% v/s 1QFY19 average (+4% YoY) YoY (and 120bp QoQ) to 33.6%, led by higher lead prices and likely lag in lead inflation pass-through. The management indicated that lead inflation coupled with adverse currency movement impacted margins in 1QFY19. Higher RM cost was offset by operating leverage benefits, as staff cost declined 100bp YoY (and 50bp QoQ) to 5.8%. Other expense too declined by 120bp YoY and QoQ to 13.

Motilal Oswal decreased Neutral price target of Exide Industries Ltd. to 368.0 on 06 May, 2025.

Exide Industries Ltd.

09 May 2018

383.85

0.26%

Exide Industries Ltd results Comment

Results Update: Exide Industries Ltd.

HDFC Securities

Revenue increased by 7.95% to Rs. 2459.41 Cr in Q4FY18 when compared to the previous quarter. Exide Industries Ltd results Comment

Exide Industries Ltd. is trading below its 150 day SMA of 403.5

Exide Industries Ltd.

09 May 2018

383.85

0.26%

Exide Industries Ltd. - Result Update - 09 May 2018

Hold: Exide Industries Ltd.

Target

Way2Wealth

As per the management, the volume growth in Automotive, Motorcycle, Inverter, UPS, Telecom and Solar batteries as well as in other infrastructure segments were strong during the fourth quarter. The company is focusing on cost control and technology upgradation strategies to improve bottom-line. Lead prices have corrected ~15% from the peaks seen in end January/start of February 2018 which should aid margins in the coming quarters. We believe Exide is likely to be a key beneficiary of GST implementation in India and...

Number of FII/FPI investors decreased from 304 to 293 in Mar 2025 qtr

Exide Industries Ltd.

09 May 2018

383.85

0.26%

Result Review of Exide Industries

Accumulate: Exide Industries Ltd.

Recommendation Target

IDBI Capital

EBITDA margin was 21bps ahead of our forecast at 13.7% (+67bps YoY, +134bps QoQ) indicating price hikes were more than offset higher raw material costs. EBITDA at Rs3.4 bn (+31.1% YoY, 19.6% QoQ) was 6.0% ahead of our estimate. We raise our revenues and margin estimates slightly for FY19/20 to account for slightly higher volume growth and fall in lead prices. However, given the recent run-up in the stock price, we downgrade the stock to an Accumulate. Key Highlights and Investment Rationale EBITDA margins improve: EBITDA margin improved 67bps YoY and 134bps QoQ to...

Exide Industries Ltd. has an average target of 449.00 from 5 brokers.

Is Exide Industries Ltd. worth buying?

839 Votes:

Buy 76.4%

Sell 12.04%

Hold 11.56%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Hold SEE REPORTS >

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