NSE: EXIDEIND · BSE: 500086 · ISIN INE302A01020
Exide Industries Limited stock analysis
Exide Industries Limited ranks #1706 in the TickerSutra evidence-ranked universe with a score of 51/100 and 95% data confidence. The latest captured fundamentals show ROCE of 8.5%, quarterly sales growth of 17.8% and quarterly profit growth of 28.4%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.11×
- Strong CFO/EBITDA of 1.29×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹12,789cr | ₹1,402cr | ₹4,357cr | 11.0% |
| 2023 | ₹15,078cr | ₹1,593cr | ₹823cr | 11.0% |
| 2024 | ₹16,770cr | ₹1,823cr | ₹883cr | 11.0% |
| 2025 | ₹17,238cr | ₹1,805cr | ₹800cr | 10.0% |
| 2026 | ₹17,995cr | ₹1,876cr | ₹860cr | 10.0% |
| TTM | ₹18,829cr | ₹1,953cr | ₹937cr | 10.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Exide Industries Limited has informed the Exchange about further investment in Exide Energy Solutions Limited, Wholly Owned Subsidiary of the Company.
RoutineExide Industries Ltd - 500086 - Board Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter And Half Year Ending 30Th September 2026BSE · 29 Sept 2026Exide Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve unaudited financial results ....
RoutineUpdatesNSE · 23 Sept 2026Exide Industries Limited has informed the Exchange regarding updates on Exide Energy Solutions Limited, Wholly Owned Subsidiary of the Company.
RoutineExide Industries Ltd - 500086 - Updates On Exide Energy Solutions Limited, Wholly Owned Subsidiary Of The Company.BSE · 23 Sept 2026Please find enclosed letter w.r.t updates on Exide Energy Solutions Limited, Wholly Owned Subsidiary of the Company.
MANAGEMENT COMMENTARY
Signals from filed documents
The margin expanded Exide Industries Limited August 03, 2026 Page 3 of 15 by 20 basis points on a year-on-year basis and by around 70 basis points on a sequential quarter basis. This margin expansion despite cost and currency headwinds was driven by higher revenues, cost control through our cost excellence program and a very efficient supply chain. We continue to be debt-free and generate healthy operating cash flows
This robust financial position provided us with the flexibility to fund strategic investments while preserving balance sheet strength. During the year, the operating environment remained dynamic, with input cost pressures and demand softness in certain end markets, particularly in exports and telecom. Despite these challenges, we maintained a resilient financial position, supported by broad-based growth across most p
I also convey my appreciation to our employees, customers, channel partners, and all stakeholders for their invaluable contributions to Exide’s journey. We are confident that Exide is well-positioned to navigate the evolving energy landscape and deliver sustained value creation. We look forward to your continued support as we advance on this exciting journey.
EESL is well-positioned to play a meaningful role in India’s transition to electric mobility and grid-scale energy storage, aligned with our ‘molecule to megawatt’ vision. Accelerating growth in the core lead-acid battery business Market leadership • Automotive and Diverse Applications • Brand Trust • Channel Reach India’s lead-acid battery industry continues to remain relevant across mobility, energy backup and indu
Pramod Amthe: So the first question is some of your OEMs are announcing big capex for capacity expansion for convention ICE vehicles. So with regard to that, how are you placed on lead acid capacity and what are your capex and capacity expansion plans? Avik Roy: So that's a very good question and very relevant question.
Demand Volatility Demand patterns remain susceptible to seasonality and geopolitical disruptions, affecting industry’s dynamics. The Company addresses this through portfolio diversification across multiple segments, along with focus on geographic expansion into emerging and under-served markets, thereby structurally enhancing demand resilience against fluctuations. The Company enters FY 2026-27 with confidence, suppo
Lead recycling through Chloride Metals Limited supports raw material availability, reduces dependence on external sourcing and improves material efficiency. This backward integration strengthens cost discipline, working capital efficiency and long- term business resilience. T ogether, these measures reflect Exide’s ability to reward shareholders, reinvest in the business and maintain a zero-debt balance sheet.
Raghunandhan: On the investment, sir? Avik Roy: We have already got an approval from our Board for INR1,400 crores for this fiscal year. But we'll review again -- this is required and we'll let you know.
Integrated Annual Report 2025-26Exide Industries Limited 180 Sl. Material issue identified Is it risk or opportunity (R/O) Rationale for identifying the risk / opportunity In case of risk, approach to adapt or mitigate Financial implications of the risk or opportunity (Indicate positive or negative implications) EPR obligations and Battery Waste Management Rules reinforce this as both a regulatory requirement and a c
Material issue identified Is it risk or opportunity (R/O) Rationale for identifying the risk / opportunity In case of risk, approach to adapt or mitigate Financial implications of the risk or opportunity (Indicate positive or negative implications) EPR obligations and Battery Waste Management Rules reinforce this as both a regulatory requirement and a competitive differentiator. Risk: Inadequate end-of- life battery
Material issue identified Is it risk or opportunity (R/O) Rationale for identifying the risk / opportunity In case of risk, approach to adapt or mitigate Financial implications of the risk or opportunity (Indicate positive or negative implications) Risk: Inefficient energy management leads to higher energy expenses and reduced profitability. Elevated GHG emissions and energy use exacerbate climate change, creating ma
Sir, second question is on the 2 -wheeler batteries. So you mentioned that FY27, there will be a commercial production. And for how many OEMs do you expect the commercial production to start in this financial year, sir?
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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