Exide Industries Limited (EXIDEIND)

Loading page…

Exide Industries Limited (EXIDEIND) · mywealthgrid

About

Exide Industries Limited manufactures auto components and equipment in the Consumer Discretionary sector, with market capitalization of ₹40,468.5 Cr and recent quarterly revenues averaging ₹5,000+ Cr. Positioned as an established scale player in India's auto components supply chain, the company sustains regular dividend distributions reflecting consistent cash generation.

Face value: ₹1

Market cap

₹34,803 Cr

P/E

37.4×

P/B

2.5×

Dividend yield

ROE

6.1%

ROCE

8.9%

Debt / equity

0.08

OPM

10.4%

EPS (TTM)

₹11.0

Book value

₹163.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation risk: PE of 43.44 relative to ROE of 6.14% suggests stock price has outpaced underlying returns; verify if recent 25.32% one-year gain reflects future growth or near-term retracement
EPS volatility: earnings per share ranged ₹2.02–₹4.79 across recent quarters; investigate whether swings reflect volume, mix, or one-time items
Margin sustainability: OPM averages 10.39% with range 8.97%–12.35%; verify competitive pricing power and margin resilience in cost-driven sector
Cyclical exposure: auto components demand tied to vehicle production and economic cycles; verify current OEM demand visibility

Generated analysis · source review pending

Growth drivers

Revenue acceleration: ₹4.2k Cr (Sep 2025) to ₹5.5k Cr (Jun 2026) represents meaningful growth; verify whether driven by OEM volume expansion, product mix, or pricing
Profit expansion: net profit grew ₹173.64 Cr to ₹407.26 Cr across the same period; verify whether from operational leverage, one-time items, or margin expansion
Cash-generation consistency: regular annual dividends (issued Jun 2026, Jul 2025, Jul 2024, Aug 2023, Feb 2022) signal reliable cash flows; verify dividend payout ratio sustainability

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹409.5+0.6%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 11.2×
+Dividend payout of 36.5% of profit

Cons

−Low return on equity of 6.5% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 41
Growth: 50
Valuation: 51

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	14,471	10,359	12,789	15,078	16,770	17,238	17,995
COGS	6,403	6,687	8,677	10,353	11,398	11,597	12,192
Gross profit	8,069	3,672	4,112	4,725	5,372	5,640	5,803
	6,623	2,310	2,713	3,136	3,555	3,842	3,932
	1,446	1,362	1,400	1,589	1,818	1,799	1,871
OPM %	10%	13.2%	11%	10.5%	10.8%	10.4%	10.4%
Depreciation	418	394	440	502	560	582	589
Interest	97	33	61	74	116	153	124
	40	62	3,724	125	90	113	90
Profit before tax	972	1,068	4,623	1,138	1,231	1,176	1,249
Tax	209	265	266	315	348	375	389
Tax %	21.6%	24.8%	5.8%	27.7%	28.3%	31.9%	31.1%
	762	803	4,357	823	883	801	860
PAT margin %	5.3%	7.8%	34.1%	5.5%	5.3%	4.6%	4.8%
EPS (₹)	9.1	—	51.4	9.7	10.3	9.4	10.1
EPS adjusted (₹)	9.1	9.5	51.4	9.7	10.3	9.4	10.1
	44.9%	—	3.9%	20.7%	19.4%	21.4%	19.9%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	85	85	85	85	85	85	85	85	85	85	85
Reserves	3,908	4,947	5,344	6,022	6,382	7,187	10,499	11,047	12,801	13,828	13,820
Minority interest	13	16	18	33	47	46	40	9	15	21	26
	55	185	59	85	67	138	209	279	697	1,561	1,093
	9,913	12,539	14,316	16,216	17,786	21,230	3,077	3,347	4,552	5,901	6,196
Total equity & liabilities	13,973	17,772	19,822	22,441	24,368	28,687	13,911	14,768	18,150	21,396	21,220
	1,200	2,259	2,681	3,080	3,128	3,599	3,361	3,685	3,853	3,935	4,006
CWIP	114	146	237	265	361	379	322	335	1,165	3,426	3,938
Investments	—	—	—	—	—	18,807	5,558	5,106	5,940	6,468	6,131
	12,660	15,367	16,904	19,096	20,879	5,902	4,669	5,642	7,193	7,567	7,145
Total assets	13,973	17,772	19,822	22,441	24,368	28,687	13,911	14,768	18,150	21,396	21,220

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2023 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Storage batteries & allied products	15,052.97	1,086.62	—	3,323.24
Others	25.19	0.07	—	14.49
Revenue/Result of discontinued operations	0

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	55.8%	35.4%	32.2%	31.3%	32%	32.7%	32.2%
EBITDA margin %	10%	13.2%	11%	10.5%	10.8%	10.4%	10.4%
EBIT margin %	7.1%	9.3%	7.5%	7.2%	7.5%	7.1%	7.1%
PAT margin %	5.3%	7.8%	34.1%	5.5%	5.3%	4.6%	4.8%
Working capital
Receivable days	27	38	31	30	30	36	32
Inventory days	138	144	120	121	124	144	120
Payable days	92	130	78	65	87	105	110
NWC days	73	52	74	85	67	74	42
Leverage
Current ratio	1.66	1.3	1.82	1.9	1.41	1.23	1.23
Debt to EBITDA	0.05	0.1	0.15	0.18	0.38	0.87	0.58
Debt to equity	0.01	0.02	0.02	0.03	0.05	0.11	0.08
Interest coverage	11.3	31.6	16.8	16.4	11.6	8.7	11.2
Asset turnover	0.59	0.36	0.92	1.02	0.92	0.81	0.85
Return ratios
Return on assets %	3.1%	2.8%	31.3%	5.6%	4.9%	3.7%	4.1%
Return on capital employed %	5.2%	4.6%	5.8%	10.6%	10.6%	9.1%	8.9%
Return on equity %	11.8%	11%	41.2%	7.4%	6.9%	5.8%	6.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%	45.99%
	12.81%	12.94%	13.57%	13.74%	12.31%	11.72%	11.6%	11.47%	10.88%	10.92%	10.3%	10.63%
	19.05%	19.23%	18.56%	17.87%	17.97%	17.65%	17.15%	17.4%	18.46%	18.71%	19.13%	19.3%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	22.15%	21.84%	21.88%	22.4%	23.73%	24.64%	25.26%	25.14%	24.67%	24.38%	24.58%	24.08%
No. of shareholders	—	—	—	—	—	—	—	—	12,58,107	12,20,670	12,03,117	11,68,806

Promoter holding up 0 percentage points since Sep 2023.

28 deals · 19 Sept 2022 – 25 Jun 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
25 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	45,11,809	₹596.75	₹269.24 Cr
25 Jun 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	44,11,009	₹596.89	₹263.29 Cr
16 Apr 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	47,53,711	₹436.04	₹207.28 Cr
16 Apr 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	40,60,990	₹437.72	₹177.76 Cr
9 Apr 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	48,35,170	₹387.09	₹187.16 Cr
9 Apr 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	48,13,570	₹386.81	₹186.19 Cr
18 Jan 2024	THE JUPITER GLOBAL FUND-JUPITER INDIA SELECT	Block	BSE	Buy	8,91,269	₹319.30	₹28.46 Cr
18 Jan 2024	JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED	Block	BSE	Sell	8,91,269	₹319.30	₹28.46 Cr
25 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	11,25,669	₹159.80	₹17.99 Cr
25 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	11,25,669	₹159.80	₹17.99 Cr

1–10 of 28

1 / 3

Mr. Sridhar GorthiNon-Executive - Independent Director-Chairperson
Mr. Avik Kumar RoyExecutive Director-CEO-MD
Mr. Manoj Kumar AgarwalExecutive Director
Mr. Pravin Ramchandra SarafExecutive Director
Mr. Rajeev KhandelwalExecutive Director
Mr. Rajan B. RahejaNon-Executive - Non Independent Director
Mr. Surin Shailesh KapadiaNon-Executive - Independent Director
Ms. Radhika Govind RajanNon-Executive - Independent Director
Mr. Jaidit Singh BrarNon-Executive - Independent Director
Jitendra KumarCompany Secretary & Compliance Officer & Sr.Vice President Legal

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 14 fund houses

Held by these funds

4.25%

of the company's equity

All mutual funds

8.17%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

67 schemes · 14 fund houses

		Shares
SMALL CAP FUND	Nippon India Mutual Fund	56.59 L	249.15	0.3%	0.666%	-0
Franklin India Flexi Cap Fund ( Formerly known as Franklin India Equity Fund) ^NEW	Franklin Templeton Mutual Fund	46.13 L	203.11	1.05%	0.543%	—
Franklin India Small Cap Fund (Formerly known as Franklin India Smaller Companies Fund) ^	Franklin Templeton Mutual Fund	39.96 L	175.91	1.19%	0.47%	-0
Flexi Cap Fund	Bajaj Finserv Mutual Fund	34.13 L	150.27	1.74%	0.402%	+9.7 L
Franklin India Mid Cap Fund (Formerly known as Franklin India Prima Fund) ^	Franklin Templeton Mutual Fund	28.03 L	123.4	0.95%	0.33%	-0
VALUE FUND	Nippon India Mutual Fund	19.37 L	85.29	0.94%	0.228%	-0
ETHICAL FUND	Tata Mutual Fund	18.63 L	82.01	2.12%	0.219%	-0
Innovation Fund	ICICI Prudential Mutual Fund	11.32 L	49.85	0.62%	0.133%	-0

1–8 of 67

1 / 9

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026TranscriptAI SummaryPPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results4 Nov 2026 · in 34 daysresults

32

Final dividend3 Jul 2026 · ex-date₹2
Final dividend18 Jul 2025 · ex-date₹2
Final dividend22 Jul 2024 · ex-date₹2
Final dividend1 Aug 2023 · ex-date₹2
Interim dividend7 Feb 2022 · ex-date₹2
Interim dividend4 Feb 2021 · ex-date₹2
Interim dividend4 Mar 2020 · ex-date₹2.5
Interim dividend18 Nov 2019 · ex-date₹1.6
Final dividend25 Jul 2019 · ex-date₹0.8
Interim dividend15 Nov 2018 · ex-date₹1.6
Final dividend25 Jul 2018 · ex-date₹0.8
Interim dividend3 Nov 2017 · ex-date₹1.6
Final dividend19 Jul 2017 · ex-date₹0.8
Interim dividend3 Nov 2016 · ex-date₹1.6
Final dividend11 Jul 2016 · ex-date₹0.8
Interim dividend5 Nov 2015 · ex-date₹1.6
Final dividend23 Jul 2015 · ex-date₹0.7
Interim dividend21 Aug 2014 · ex-date₹1.5
Final dividend11 Jul 2014 · ex-date₹0.7
Interim dividend5 Nov 2013 · ex-date₹1.1
Final dividend27 Jun 2013 · ex-date₹0.6
Interim dividend31 Oct 2012 · ex-date₹1
Final dividend6 Jul 2012 · ex-date₹0.6
Interim dividend2 Nov 2011 · ex-date₹0.9
Final dividend14 Jul 2011 · ex-date₹0.6
Interim dividend21 Oct 2010 · ex-date₹0.9
Dividend dividend2 Jul 2010 · ex-date₹0.4
Interim dividend27 Oct 2009 · ex-date₹0.6
Final dividend8 Jul 2009 · ex-date₹0.2
Interim dividend23 Jan 2009 · ex-date₹0.4
Dividend dividend16 Jul 2008 · ex-date₹0.4
Dividend dividend11 Jul 2007 · ex-date₹0.35

2

Board meeting to consider results4 Nov 2026
Board meeting to consider results30 Jul 2026

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

18 announcementsExport CSV

1 Aug 2026, 5:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	55.8%	35.4%	32.2%	31.3%	32%	32.7%	32.2%
EBITDA margin %	10%	13.2%	11%	10.5%	10.8%	10.4%	10.4%
EBIT margin %	7.1%	9.3%	7.5%	7.2%	7.5%	7.1%	7.1%
PAT margin %	5.3%	7.8%	34.1%	5.5%	5.3%	4.6%	4.8%
Working capital
Receivable days	27	38	31	30	30	36	32
Inventory days	138	144	120	121	124	144	120
Payable days	92	130	78	65	87	105	110
NWC days	73	52	74	85	67	74	42
Leverage
Current ratio	1.66	1.3	1.82	1.9	1.41	1.23	1.23
Debt to EBITDA	0.05	0.1	0.15	0.18	0.38	0.87	0.58
Debt to equity	0.01	0.02	0.02	0.03	0.05	0.11	0.08
Interest coverage	11.3	31.6	16.8	16.4	11.6	8.7	11.2
Asset turnover	0.59	0.36	0.92	1.02	0.92	0.81	0.85
Return ratios
Return on assets %	3.1%	2.8%	31.3%	5.6%	4.9%	3.7%	4.1%
Return on capital employed %	5.2%	4.6%	5.8%	10.6%	10.6%	9.1%	8.9%
Return on equity %	11.8%	11%	41.2%	7.4%	6.9%	5.8%	6.2%

Date	Category	Subject	Filing
1 Aug 2026, 5:30 pm	Company Update Investor Presentation	Announcement under Regulation 30 (LODR)-Investor Presentation	PDF
30 Jul 2026, 2:39 pm	Result Financial Results	Unaudited Financial Result For Quarter Ended 30Th June 2026	PDF
30 Jul 2026, 12:57 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
30 Jul 2026, 12:50 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting For The Quarter Ended 30Th June 2026	PDF
29 Jul 2026, 3:29 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Jul 2026, 4:47 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
15 Jul 2026, 7:19 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Acquisition	PDF
13 Jul 2026, 12:04 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,583	937	914	1,687	1,619	2,263	61	768	1,531	1,273	2,413
	-1,329	-728	-537	-1,437	-1,097	-2,080	66	-799	-1,458	-1,934	-1,551
	-167	-182	-386	-217	-532	-170	-172	-30	110	515	-805
Net cash flow	87	27	—	33	-10	13	-45	-61	183	-146	57
Free cash flow	1,159	—	—	—	—	1,769	-605	-228	-345	-676	1,261
CFO / Operating profit %	—	—	—	—	112%	166.2%	4.4%	48.4%	84.3%	70.8%	129%

Exide Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

1

32

2

Announcements

1

32

2

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

EXCEPTIONAL ITEM · revenue

Exide Industries Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Upcoming and recent1

Dividends32

Board meetings2

Announcements

Upcoming and recent1

Dividends32

Board meetings2

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

EXCEPTIONAL ITEM · revenue

1

32

2

1

32

2