How Has Exide Industries’ Stock Performed Over Time?
As of May 12, 2025, Exide Industries trades at ₹375.55 per share with a market capitalization of ₹31,921.75 crore. Over the past year, the stock has gained approximately 4.1%, with a 52-week range between ₹346.45 and ₹392.
Source: LiveMint
Company Overview: What Is the Origin and Story of Exide Industries?
Exide Industries Ltd, founded in 1947, is one of India’s oldest and most trusted battery manufacturers. Originally a part of the UK-based Chloride Group, Exide began its operations by assembling imported batteries in India. Over the decades, it established a wide domestic presence and became synonymous with lead-acid battery solutions in automotive and industrial segments.
Headquartered in Kolkata, Exide today operates through 10 manufacturing facilities across India and one in Sri Lanka. The company has built strong technological capabilities through strategic partnerships with global players such as East Penn (USA) and Furukawa (Japan). It serves diverse sectors ranging from automotive OEMs and railways to telecom, defense, and power backup industries.
With over seven decades of legacy, Exide has now set its sights on the future by entering lithium-ion battery manufacturing, renewable energy solutions, and electric mobility applications, positioning itself as a next-generation energy storage provider.
What Are Exide Industries’ Core Business Segments?
Exide operates across multiple verticals in the battery ecosystem:
- Automotive Batteries: Supplies batteries for two-wheelers, three-wheelers, passenger and commercial vehicles.
- Industrial Batteries: Powers telecom infrastructure, UPS systems, railways, and energy-intensive sectors.
- Energy Storage Solutions: Offers solutions for solar power integration and backup.
- Lithium-ion Batteries: Currently setting up a giga-scale lithium-ion cell plant in Bengaluru.
Source: Business Standard
What Are the Key Financial Metrics?
| Metric | Value |
|---|---|
| Market Capitalization | ₹31,921.75 crore |
| Current Stock Price | ₹375.55 |
| Price-to-Earnings (P/E) Ratio | 40.17 |
| Book Value | ₹145.00 |
| Price-to-Book (P/B) Ratio | 2.59 |
| Dividend Yield | 0.53% |
| Return on Capital Employed | 12.5% |
| Return on Equity (ROE) | 10.3% |
Source: Screener
How Does Exide Industries Compare with Peers?
| Company | Market Cap (₹ Cr) | P/E | ROCE (%) | ROE (%) | Dividend Yield (%) |
|---|---|---|---|---|---|
| Exide Industries | 31,921.75 | 40.17 | 12.5 | 10.3 | 0.53 |
| Amara Raja Batteries | 10,321 | 28.0 | 20.6 | 16.5 | 0.27 |
| HBL Power Systems | 5,829 | 25.4 | 18.3 | 14.2 | 0.35 |
| Eveready Industries | 1,829 | 22.7 | 15.1 | 12.8 | 0.45 |
Source: Screener
What Is the Shareholding Pattern?
- Promoters: 45.99%
- FIIs: 11.60%
- Mutual Funds: 11.11%
- Retail and Others: 25.25%
- Other Domestic Institutions: 6.04%
Source: Groww
What Are the Recent Developments?
- Lithium-ion Plant Expansion: First phase of a multi-gigawatt lithium-ion cell plant in Bengaluru to be completed by March 2025.
- Q4 FY25 Financials: Revenue grew 4% YoY; however, net profit fell by 11% due to higher raw material costs.
- Dividend: Declared an annual dividend of ₹2.00 per share, payable on August 25, 2025.
Sources: Economic Times, Marketscreener
What Are the Company’s Future Plans?
- Electric Mobility: In advanced talks with two-wheeler and three-wheeler EV players for battery supply deals.
- Solar Play: Plans to provide end-to-end rooftop solar solutions.
Source: Moneycontrol
How Is the Battery Sector Shaping Up?
The Indian battery market is witnessing a major shift, with policy tailwinds like the Production-Linked Incentive (PLI) scheme for advanced cell manufacturing and increasing demand from EVs and solar. Storage is becoming as important as generation, making Exide’s diversified positioning significant.
Has Exide Industries Run Any Major Campaigns?
Exide was a key exhibitor at ELECRAMA 2025, showcasing its BESS (Battery Energy Storage Solutions) and sustainable energy offerings for industries and utilities.
Source: Exide Industries
What Are the Key Pros and Cons?
Pros:
- Market leader in lead-acid battery segment.
- Strategic entry into lithium-ion technology.
- Diversified presence across industries.
Cons:
- Lower ROE and ROCE compared to peers.
- Dependence on cyclical auto sector.
- Near-term margin pressure from rising input costs.
Exide Industries is transitioning from a traditional battery maker to a next-gen energy solutions provider. With a solid core in lead-acid and expanding interests in lithium-ion and renewables, it is a company adapting to structural shifts in the energy ecosystem.
Disclaimer: This article is purely informational and does not promote any investment advice.
Data Sources: Screener.in, Groww, Economic Times, Business Standard, Moneycontrol
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