Risk factor
Negligible price volatility
Profitability factor
Good growth
About
Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries in India and internationally. The company operates through two segments, Automotive and Industrial. It offers automotive, infrastructural, genset, solar, inverter, institutional uninterrupted power supply (UPS), and submarine batteries, as well as home UPS systems, integrated power back-up systems, and e-rickshaw vehicles. The company also manufactures and supplies recycled lead and lead alloys; offers lithium-ion batteries; produces and distributes industrial battery chargers and rectifiers; and provides energy storage solutions, as well as engages in the non-conventional energy business. It sells batteries under the Exide, Index, Dynex, SF Sonic, Chloride, Digenite, Jupiter, Black panther, and CEIL brand names through a distribution network of dealers. The company was formerly known as Chloride Industries Ltd. and changed its name to Exide Industries Limited in August 1995. Exide Industries Limited was founded in 1916 and is headquartered in Kolkata, India.
Company Valuation
Considering past and projected metrics, the stock is moderately 'expensive' compared to its peers. Specifically, the stock is fairly valued on P/E, overvalued on EV/EBITD
Target Price
The average target price of EXIDEIND.NS is 359 and suggests 21.8% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendatio