Exide Industries Limited (EXIDEIND) AI Stock Analysis

• Market Cap: ₹352.41B
• Dividend Yield: 0.48%
• Average Volume (3M): 153.96K
• Price to Earnings (P/E): 41.6
• Beta (1Y): 1.15
• Revenue Growth: 3.17%
• EPS Growth: -3.03%
• Country: IN
• Employees: 5,151
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 3.80
• Shares Outstanding: 850,000,000
• 10 Day Avg. Volume: 143,101
• 30 Day Avg. Volume: 153,958
• PEG Ratio: -4.19
• Price to Book (P/B): 2.23
• Price to Sales (P/S): 1.80
• P/FCF Ratio: -45.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹414.83
• Price Target Upside: 0.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 61 Neutral
• Price Target: ₹415.00 ▲(0.10% Upside)

Exide Industries Limited's overall stock score is driven primarily by its stable financial performance, despite challenges in cash flow management. The technical analysis presents a neutral outlook, while the valuation indicates the stock may be overvalued. The absence of earnings call and corporate events data means these factors do not influence the score.

Exide Industries Limited Business Overview & Revenue Model

Company Description

Exide Industries Limited (EXIDEIND) is a leading manufacturer of lead-acid storage batteries in India. The company operates in multiple sectors, including automotive, industrial, and submarine battery segments. Exide Industries offers a range of batteries for various applications, including automotive batteries for cars and two-wheelers, industrial batteries for power backup and telecommunications, and specialized batteries for submarines and other defense applications.

How the Company Makes Money

Exide Industries Limited generates revenue primarily through the sale of its wide range of battery products. The company's key revenue streams include automotive batteries sold to original equipment manufacturers (OEMs) and the replacement market, industrial batteries for sectors like power, telecommunications, and infrastructure, and exports to international markets. Exide also benefits from strategic partnerships and collaborations with global battery technology companies, enhancing its product offerings and market reach. Additionally, the company invests in research and development to innovate and maintain its competitive edge in the energy storage solutions market.

Exide Industries Limited Financial Statement Overview

Summary

Exide Industries Limited demonstrates robust revenue growth and stable margins, supported by a strong balance sheet with conservative leverage. However, the company faces challenges in cash flow management, with significant capital expenditures leading to negative free cash flow. Overall, the financial health remains stable with potential areas for improvement in cash generation efficiency.

Income Statement

Exide Industries Limited shows a steady revenue growth trend with a recent increase in total revenue from INR 166.73 billion to INR 172.38 billion, reflecting a 3.39% growth rate. The gross profit margin remains strong at 32.73%, and the EBIT margin is healthy at 7.05%. However, the net profit margin has slightly decreased, indicating some pressure on net profitability.

Balance Sheet

The company maintains a strong equity base with an equity ratio of 65.00%, showing stability in its financial structure. The debt-to-equity ratio is manageable at 0.14, suggesting conservative leverage. Return on equity stands at 5.72%, indicating moderate efficiency in generating returns for shareholders.

Cash Flow

There is a noticeable decline in free cash flow, dropping from INR -3.45 billion to INR -6.76 billion, indicating challenges in cash generation. The operating cash flow to net income ratio of 1.60 shows adequate conversion of net income into cash, but the negative free cash flow suggests high capital expenditures impacting liquidity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	172.38B	172.38B	166.73B	150.78B	127.13B	103.06B
Gross Profit	51.76B	56.40B	52.86B	46.65B	38.93B	36.33B
EBITDA	18.65B	19.11B	19.11B	17.17B	14.65B	14.29B
Net Income	7.95B	7.95B	8.77B	8.23B	43.67B	8.10B
Balance Sheet
Total Assets	213.96B	213.96B	181.50B	140.51B	139.11B	286.87B
Cash, Cash Equivalents and Short-Term Investments	5.83B	5.83B	5.82B	6.70B	9.01B	18.88B
Total Debt	20.17B	20.17B	11.23B	2.78B	5.20B	5.09B
Total Liabilities	74.62B	74.62B	52.49B	28.41B	32.87B	213.69B
Stockholders Equity	139.13B	139.13B	128.86B	112.10B	105.84B	72.72B
Cash Flow
Free Cash Flow	0.00	-6.76B	-3.45B	-2.28B	-6.05B	17.62B
Operating Cash Flow	0.00	12.73B	15.31B	7.68B	612.50M	22.63B
Investing Cash Flow	0.00	-19.34B	-14.58B	-7.99B	663.30M	-20.80B
Financing Cash Flow	0.00	5.15B	1.10B	-301.00M	-1.72B	-1.70B

Exide Industries Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 414.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EXIDEIND, the sentiment is Neutral. The current price of 414.6 is above the 20-day moving average (MA) of 413.28, above the 50-day MA of 396.28, and above the 200-day MA of 385.76, indicating a neutral trend. The MACD of 5.98 indicates Positive momentum. The RSI at 46.83 is Neutral, neither overbought nor oversold. The STOCH value of 25.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:EXIDEIND.

Exide Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHRIPISTON	77 Outperform	114.23B	21.76	21.17%	0.39%	14.52%	15.10%
MINDACORP	73 Outperform	131.14B	50.72	11.60%	0.25%	10.08%	4.16%
EXIDEIND	61 Neutral	₹352.41B	41.56		0.48%	3.17%	-3.03%
RAJESHEXPO	59 Neutral	60.03B	81.56	0.60%	―	93.58%	93.53%
OLAELEC	51 Neutral	254.33B	-10.28	-44.25%	―	0.00%	0.00%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%