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HomeSHARE MARKETBattery Making Company Share; Just 9 Days, Investor Got 54% Return; 148%...

Battery Making Company Share; Just 9 Days, Investor Got 54% Return; 148% Return In 1 Year

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Exide Industries Ltd (NSE: EXIDEIND) Stock Return: Today, in this post we’ll discuss about Exide Industries latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

The stock return of Exide was announced on Thursday. Investors sank on shares of the battery manufacturing firm, Exide Industries. The share price reached at Rs 443.50 on the Friday.

It is the 9th consecutive trading day that the stock is gaining momentum. Investors have earned a profit of 54 percent within just 9 trading days. 

Exide Industries has given returns of up to 135 percent over one year. The company’s stock has grown by nearly 200 percent over two years.

A Stormy Boom Following The Deal

Exide Energy Solutions, a 100 percent controlled affiliate that is a wholly owned subsidiary of Exide Industries, has agreed. 

South Korean automotive manufacturer Hyundai Motor Company and Kia Corporation have partnered for the localization of electric car battery technology in India. 

Following this announcement, there’s an enormous demand for shares of the company. 

This deal is expected to bring in additional revenue and boost Exide’s market share in India’s rapidly growing electric vehicle sector.

What Is The Target Price?

Brokerage firms have raised the price of shares in Exide Industries. This has boosted investor confidence. A brokerage has increased its price goal for this stock. 

485 per share, up from the previous 233. The brokerage has kept its rating of ‘Buy’ on the stock.

What Was The Broker’s Response?

Based on the broker, Exide’s collaboration in partnership with Hyundai and Kia offers solid proof of Exide’s cell research. 

Hyundai and Kia are selling EVs on the international market and are preparing to launch several EVs on the market in India. 

It has also been at the forefront of announcements to start commissioning its Li-ion cell manufacturing facility located in Bengaluru, Karnataka by FY25E in collaboration in partnership with SVOLT Technology Solutions Ltd. 

The plant will be able to produce a power that is 6 GWh in the initial phase of the project, which is worth around Rs 60 billion.

About Exide Industries Ltd Company

Exide Industries Limited is an India-based firm. It manufactures, designs, and markets a variety of battery storage made of lead acid. 

The business’s segments are Storage Batteries and allied products along with Life Insurance. Batteries are produced for the telecom, automotive mining, power infrastructure railways, computer industry as well as defense sectors. 

The company’s offerings consist of automotive batteries, Inverter Batteries, institutional UPS batteries, solar solutions, Home UPS systems, backup solutions that integrate power, industrial batteries, e-rickshaws Genset batteries, and submarine batteries. 

The automotive battery range includes two-wheeler batteries, four-wheeler batteries, three-wheeler batteries, as well as Exide E-Ride batteries. 

Industrial battery applications areas are telecommunications and motor and traction energy, infrastructural projects railways, mining, and mining cap lamps.

Fundamental Analysis of Exide Industries Ltd

Market Cap₹ 38,254 Cr.
Current Price₹ 443.50
52-wk High₹ 481.70
52-wk Low₹ 186
Stock P/E44.23
Book Value₹ 147
Dividend0.44 %
ROCE10.2 %
ROE7.28 %
Face Value₹ 1.00
P/B Value3.05
OPM10.7 %
EPS₹ 10.3
Debt₹ 743 Cr.
Debt to Equity0.06

Exide Industries Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 380₹ 479
2025₹ 400₹ 512
2026₹ 500₹ 534
2027₹ 535₹ 578
2028₹ 600₹ 622
2029₹ 625₹ 674
2030₹ 680₹ 700
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Exide Industries Ltd Shareholding Pattern

Promoters Holding
Mar 202345.99%
June 202345.99%
Sept 202345.99%
Dec 202345.99%
Mar 202445.99%
FII Holding
Mar 202312.32%
June 202312.86%
Sept 202312.81%
Dec 202312.94%
Mar 202413.57%
DII Holding
Mar 202318.92%
June 202319.77%
Sept 202319.05%
Dec 202319.24%
Mar 202418.57%
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Public Holding
Mar 202322.76%
June 202321.36%
Sept 202322.14%
Dec 202321.82%
Mar 202421.88%

Exide Industries Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 14,721 Cr
2020₹ 14,471 Cr
2021₹ 10,359 Cr
2022₹ 12,789 Cr
2023₹ 16,274 Cr

Last 5 Years’ Net Profit:

2019₹ 847 Cr
2020₹ 762 Cr
2021₹ 803 Cr
2022₹ 4,357 Cr
2023₹ 878 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.01
20200.01
20210.02
20220.02
20230.03

Last 10 Years’ Profit Growth:

10 Years:4%
5 Years:2%
3 Years:1%
Current Year:11%

Last 10 years’ Return on Equity (ROE):

10 Years:18%
5 Years:19%
3 Years:22%
Last Year:7%

Sales Growth Over 10 Years:

10 Years:9%
5 Years:3%
3 Years:1%
Current Year:9%

Conclusion

This article is a complete guide about Exide Industries Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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