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HomeSHARE MARKETExpert Increased Share Target For This Battery-making Company From ₹370 To ₹500

Expert Increased Share Target For This Battery-making Company From ₹370 To ₹500

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Exide Industries Ltd (NSE: EXIDEIND) Shares: 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.

Shares of Exide Industries Limited was in the spotlight on the 15th of April, Monday. 

Exide Industries’ shares climbed by more than 6 percent, to reach a 52-week high at Rs 423. 

A top brokerage firm increased its target price from a mere ₹370 To ₹500. The value of the stock has gone up by 117 percent in the last year. 

This means that within one year, this share has been able to go from Rs 188 to the present price.

What Did The Brokerage’s Statement Say?

Global Brokerage believes that the shares of the company that manufactures batteries will likely rise significantly over the next 10 years. 

In addition, the government’s support for Made in India electric vehicles could allow the company to grow into a major player in the localization of batteries. 

Brokerage firm said in a note that the company’s robust industrial and automobile connections will aid in its expansion. 

On the 9th of April this month, South Korean auto major Hyundai Motor Company (HMC) and Kia Corporation announced a partnership with Exide Industries Limited for electric localization of batteries in vehicles across the country. 

Following the declaration, JP Morgan gave an “overweight” rating to the stock. It is anticipated that the company could receive more orders shortly.

The Condition Of Shares

The shares of Exide Industries Limited have risen 27 percent over the last five days of trading. 

The stock climbed by around 34 percent over a month, and by 55 percent over six months. 

The maximum gain is more than 5000 percent. The price in 1999 for this share was around Rs 6. 

The 52-week highest price of the share is 423.80 as well as the 52-week lowest is 184.20. 

The market capitalization that the business has totals 34,782.00 crore.

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₹ 34,809 Cr.
Current Price₹ 408.80
52-wk High₹ 423.65
52-wk Low₹ 182.30
Stock P/E39.85
Book Value₹ 147
Dividend0.49 %
ROCE10.2 %
ROE7.28 %
Face Value₹ 1.00
P/B Value2.78
OPM10.7 %
EPS₹ 10.3
Debt₹ 743 Cr.
Debt to Equity0.06

Exide Industries Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹380₹415
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
Dec 202245.99%
Mar 202345.99%
June 202345.99%
Sept 202345.99%
Dec 202345.99%
FII Holding
Dec 202210.96%
Mar 202312.32%
June 202312.86%
Sept 202312.81%
Dec 202312.94%
DII Holding
Dec 202219.56%
Mar 202318.92%
June 202319.77%
Sept 202319.05%
Dec 202319.24%
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Public Holding
Dec 202223.49%
Mar 202322.76%
June 202321.36%
Sept 202322.14%
Dec 202321.82%

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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