Risk factor
Negligible price volatility
Profitability factor
Somewhat favourable analyst view
About
Exide Industries Limited, a company founded in Kolkata, India, in 1916, specializes in the development, production, marketing, and sale of lead-acid storage batteries along with complementary products. Operating both domestically within India and across international borders, its business is structured into two primary divisions: Automotive and Industrial. The company’s diverse product portfolio encompasses batteries for various applications, including automotive, industrial machinery, gensets, solar installations, inverters, and even submarines. Additionally, Exide supplies home Uninterruptible Power Supply (UPS) systems and e-rickshaws. Beyond its core battery business, Exide extends its services to include life insurance products, distributed through individual and corporate agents, as well as banking partners. It also recycles lead and manufactures lead alloys, alongside producing lead-acid automotive and motorcycle batteries. The firm offers energy storage solutions and provides technical assistance for the production of lithium-ion batteries. Furthermore, it manufactures and distributes industrial battery chargers, rectifiers, and associated components, while also participating in non-conventional energy initiatives. Exide delivers comprehensive solutions to its clients, covering aspects such as equipment selection, battery dimensioning, optimal room configuration, installation guidance, operational support, and ongoing maintenance. These products are marketed under well-known brand names including EXIDE, INDEX, DYNEX, SF SONIC, CHLORIDE, and CEIL, reaching customers through an extensive distribution network comprising approximately 48,000 direct and indirect dealers. The company's offerings are integral to various sectors, such as power generation, solar energy, railways, telecommunications, UPS systems, large-scale projects, and traction applications. Originally established as Chloride Industries Ltd., the company officially adopted the name Exide Industries Limited in August 1995.
Company Valuation
From both historical and forecast perspectives, the stock is slightly overpriced compared to similar stocks. Specifically, the stock is fairly valued on P/E, neutral on E
Target Price
The average target price of EXIDEIND.NS is 366 and suggests 3.56% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendatio