NSE: EXIDEIND | BSE: 500086

Mid-range Performer

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386.55 -4.65 (-1.19%)

30.97% Fall from 52W High

294.4K NSE+BSE Volume

NSE 25 Jul, 2025 10:04 AM (IST)

32,856.8

Market Cap

High in industry

1.3

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.

05 Feb 2019

386.55

-1.19%

Exide Industries Q3FY19 Result Review

Accumulate: Exide Industries Ltd.

Target

IDBI Capital

Exide reported weaker than expected results for Q3FY19. Its net revenue was 6.3% below our estimates. Even EBITDA and net profit were 8.1% and 14.2% below our forecast. Net revenue grew by 9.6% on YoY basis to Rs 25 bn. Automotive, motorcycle, inverter and industrial batteries showed good volume growth. EBITDA margin improved by 29bps QoQ to 12.5% mainly on fall in prices of key raw material, lead. However, net...

Exide Industries Ltd. is trading above its 150 day SMA of 378.9

Exide Industries Ltd.

04 Feb 2019

386.55

-1.19%

Exide Industries Ltd. - Result Update - 04 February 2019

Hold: Exide Industries Ltd.

Target

Way2Wealth

We expect Indian Automotive Battery market to grow from ~70mn to ~100mn over FY17-20. However, addressable automotive battery market for Exide is likely to increase from ~`78bn to ~`170bn (2.2x increase). Being the largest player in India with a strong...

Exide Industries Ltd. is trading below its 50 day SMA of 387.2

Exide Industries Ltd.

04 Feb 2019

386.55

-1.19%

In-line operating performance; muted lead prices to continue aiding margins in 4Q.

Buy: Exide Industries Ltd.

Target

Motilal Oswal

4 February 2019 grew by 9.6% YoY (-8.2% QoQ) to ~INR25b driven by growth in automotive, UPS and solar batteries. Average spot lead prices for 3QFY19 declined by 3.4% QoQ (-12% YoY) to INR142 per kg. In Jan19, lead prices declined further by 0.4% (v/s 3QFY19). margins expanded 200bp QoQ (+60bp YoY) to 35.1% (our est. On a YoY basis, the benefits of lower RM (-60bp YoY) and staff costs (-20bp) were offset by higher other expense (+60bp YoY/ +130bp QoQ) to 16.1% (our est. Consequently, EBITDA grew 10.6% YoY (-6.

Exide Industries Ltd. has an average target of 451.60 from 5 brokers.

Exide Industries Ltd.

12 Dec 2018

386.55

-1.19%

EXIDE INDUSTRIES LTD

Accumulate: Exide Industries Ltd.

Geojit BNP Paribas

Exide Industries Limited (EIL) is a leader in storage battery business with a market share of 60% in India. Its segment includes automotive and industrial lead acid batteries. EIL is focussing on cost control initiatives and technological upgradation as strategies to improve bottom line. Newer cost effective brands like Boss/Dynex at competitive price are expected to support market share gain from the unorganized players....

Exide Industries Ltd. has an average target of 451.60 from 5 brokers.

Exide Industries Ltd.

14 Nov 2018

386.55

-1.19%

Exide Industries Ltd. - Result Update - 14 November 2018

Hold: Exide Industries Ltd.

Target

Way2Wealth

As per the management, the volume growth in Automotive, Motorcycle, Inverter and Industrial batteries have shown good growth during the second quarter. However, currency depreciation and high fuel cost had adverse impact on the margin of the business as a whole. The company is focusing on cost control and technology upgradation strategies to improve bottom-line. Exceptional Item of `1.08bn during the year pertains to profit on sale of property. We believe Exide is likely to be a key beneficiary of GST as it will benefit from shift of...

Exide Industries Ltd. has lost -28.40% in the last 1 Year

Exide Industries Ltd.

06 Nov 2018

386.55

-1.19%

Exide Industries (2QFY19): Bright days ahead. Maintain BUY

Buy: Exide Industries Ltd.

HDFC Securities

Maintain Buy with SOTP-based TP of Rs 304, based on 20x Sept-20E EPS + 2x Inv (Rs 37) for the insurance business stake. Exide reported subdued EBIDTA margin in 2Q (at 12.2% vs est 14.2%) hit by currency depreciation, higher freight and marketing expenses. Net revenue grew 15% YoY to Rs 27.20bn led by strong traction in automotive and industrial batteries sales. EBITDA rose 12.4% YoY to Rs 3.32bn.

Exide Industries Ltd. is trading below its 50 day SMA of 387.2

Exide Industries Ltd.

06 Nov 2018

386.55

-1.19%

Exide Industries

Buy: Exide Industries Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Exide Industries' (EIL) revenues increased 14.7% YoY to | 2,720 crore, below our estimate of | 2,752 crore. According to the management, battery volumes in auto (4-W & 2-W), inverter and industrial have shown good growth during the quarter EBITDA margins contracted 25 bps YoY & 187 bps QoQ to 12.2% vs. our estimate of 14.2%. On a QoQ basis, all three operational expense increased thereby impacting margins. Higher raw material cost...

Exide Industries Ltd. is trading above its 150 day SMA of 378.9

Exide Industries Ltd.

06 Nov 2018

386.55

-1.19%

Result Review of Exide Industries

Accumulate: Exide Industries Ltd.

Target

IDBI Capital

Exide reported weaker than expected profitability for Q2FY19. While its top-line was in line with our estimates, EBITDA was 20.3% below our forecast. Net sales were in line with our expectations at Rs27 bn (+15.3% YoY, -1.9% QoQ). Automotive, motorcycle, inverter and industrial batteries volumes showed good volume growth. However, EBITDA margin contracted 194bps QoQ 12.2% due to higher fuel costs and INR depreciation against the US$. The company reported exceptional gain of Rs1,083 mn on account of gain on sale of property. Excluding this gain, adjusted net profit was 32.3% below our estimates at Rs1,601 mn....

Exide Industries Ltd. has lost -28.40% in the last 1 Year

Exide Industries Ltd.

05 Nov 2018

386.55

-1.19%

Below est.; Adverse currency, higher other expense dents EBITDA

Buy: Exide Industries Ltd.

Target

Motilal Oswal

5 November 2018 Net sales grew by 15.3% YoY (-1.9% QoQ) at INR27.2b driven by growth in automotive, inverter and industrial batteries. Further cumulative price increase of ~3-3.5% in the automotive segment has also aided revenues. Average spot lead price for 2QFY19 declined 8% QoQ (-2% YoY) to INR147 per kg. In Oct18, lead prices declined further by 0.5% (v/s 2QFY19). shrunk 50bp QoQ (+50bp YoY) to 33.1% led by adverse currency depreciation impact on imported lead and likely lag in lead inflation pass through. Management indicated higher fuel costs coupled with adverse currency movement impacted margins in 2QFY19. On a YoY basis, the benefit of lower RM (-50bp YoY) and staff cost (-20bp) was offset by higher other expense (+100bp YoY/ +120bp QoQ) to 14.8%. Consequently EBITDA margins came below estimate at 12.

Exide Industries Ltd. is trading below its 50 day SMA of 387.2

Is Exide Industries Ltd. worth buying?

846 Votes:

Buy 76.36%

Sell 12.06%

Hold 11.58%

RESEARCH REPORTS

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Neutral SEE REPORTS >

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