Exide Industries
Market Cap
₹155.4b
Last Updated
2019/10/19 12:43 UTC
Data Sources
Company Financials +
Executive Summary
Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries and allied products in India and internationally.
Snowflake
Fundamentals
Adequate balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Exide Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.2%
500086
5.9%
IN Auto Components
3.9%
IN Market
1 Year Return
-28.1%
500086
-22.7%
IN Auto Components
6.0%
IN Market
Return vs Industry: 500086 underperformed the Indian Auto Components industry which returned -22.7% over the past year.
Return vs Market: 500086 underperformed the Indian Market which returned 6% over the past year.
Shareholder returns
| 500086 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 5.9% | 3.9% |
| 30 Day | 8.1% | 7.0% | 7.8% |
| 90 Day | -2.9% | 0.6% | 2.5% |
| 1 Year | -27.3%-28.1% | -21.9%-22.7% | 8.2%6.0% |
| 3 Year | -7.3%-10.3% | -10.5%-12.7% | 23.0%16.7% |
| 5 Year | 21.0%14.7% | 28.4%23.6% | 43.5%30.0% |
Price Volatility Vs. Market
How volatile is Exide Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Exide Industries Limited (BOM:500086): What We Can Expect From This Growth StockValuation
Is Exide Industries undervalued compared to its fair value and its price relative to the market?
19x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: 500086 (₹182.85) is trading above our estimate of fair value (₹78.92)
Significantly Undervalued: 500086 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 500086 is poor value based on its PE Ratio (19x) compared to the Auto Components industry average (12.9x).
PE vs Market: 500086 is poor value based on its PE Ratio (19x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: 500086 is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: 500086 is overvalued based on its PB Ratio (2.5x) compared to the IN Auto Components industry average (1.3x).
Next Steps
Future Growth
How is Exide Industries forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
11.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500086's forecast earnings growth (11.5% per year) is above the savings rate (7.6%).
Earnings vs Market: 500086's earnings (11.5% per year) are forecast to grow slower than the Indian market (18.2% per year).
High Growth Earnings: 500086's earnings are forecast to grow, but not significantly.
Revenue vs Market: 500086's revenue (6.5% per year) is forecast to grow slower than the Indian market (11.3% per year).
High Growth Revenue: 500086's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: 500086's Return on Equity is forecast to be low in 3 years time (14.5%).
Next Steps
Past Performance
How has Exide Industries performed over the past 5 years?
5.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 500086's earnings have grown by 5.9% per year over the past 5 years.
Accelerating Growth: 500086's earnings growth over the past year (12.3%) exceeds its 5-year average (5.9% per year).
Earnings vs Industry: 500086 earnings growth over the past year (12.3%) exceeded the Auto Components industry -4.6%.
Return on Equity
High ROE: 500086's Return on Equity (13.4%) is considered low.
Return on Assets
ROA vs Industry: 500086's Return on Assets is below or equal to the Auto Components industry average last year.
Return on Capital Employed
ROCE Improving: 500086 has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Exide Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 500086's short term assets (₹54.6B) exceeds its short term liabilities (₹33.8B)
Long Term Liabilities: 500086's short term assets (54.6B) do not cover its long term liabilities (129.3B)
Debt to Equity History and Analysis
Debt Level: 500086's debt to equity ratio (1.5%) is considered satisfactory
Reducing Debt: 500086's debt to equity ratio has increased from 1.1% to 1.5% over the past 5 years.
Debt Coverage: 500086's debt is well covered by operating cash flow (1894.6%).
Interest Coverage: 500086's interest payments on its debt are well covered by EBIT (30.7x coverage).
Balance Sheet
Inventory Level: 500086 has a high level of physical assets or inventory.
Debt Coverage by Assets: 500086's debt is covered by short term assets (assets are 61.332920x debt).
Next Steps
Dividend
What is Exide Industries's current dividend yield, its reliability and sustainability?
1.31%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 500086's dividend (1.31%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 500086's dividend (1.31%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).
Stable Dividend: 500086's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500086's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.9%), 500086's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 500086's dividends in 3 years are forecast to be well covered by earnings (28.3% payout ratio).
Next Steps
Management
What is the CEO of Exide Industries's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Gautam Chatterjee (69yo)
3.4yrs
Tenure
₹45,707,678
Compensation
Mr. Gautam Chatterjee has been the Chief Executive Officer and Managing Director of Exide Industries Limited since May 1 , 2016. Mr. Chatterjee has been an Executive Director of Exide Industries Limited si ...
CEO Compensation Analysis
Compensation vs. Market: Insufficient data to establish whether Gautam's total compensation is reasonable compared to companies of similar size in the Indian market.
Compensation vs Earnings: Gautam's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.3yrs
Average Tenure
60yo
Average Age
Experienced Management: 500086's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Age and Tenure
5.2yrs
Average Tenure
66yo
Average Age
Experienced Board: 500086's board of directors are considered experienced (5.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Gautam Chatterjee (69yo)
CEO, MD & Executive Director
- Tenure: 3.4yrs
- Compensation: ₹45.71m
S. Mookherjee
MD & Director of Caldyne Automatics Ltd (Caldyne)
- Tenure: 0yrs
Asish Mukherjee (58yo)
Director of Finance
- Tenure: 12.4yrs
- Compensation: ₹26.17m
Subir Chakraborty (62yo)
Deputy MD & Wholetime Director
- Tenure: 6.4yrs
- Compensation: ₹17.89m
Jitendra Kumar
Executive VP of Legal & Admin
- Tenure: 1.3yrs
- Compensation: ₹7.99m
Arun Mittal (53yo)
Director of Automotive & Whole-Time Director
- Tenure: 3.4yrs
- Compensation: ₹14.59m
Arnab Saha
President of New Business
- Tenure: 0.8yrs
Ranjan Sarkar
Executive Vice President of HR
- Tenure: 1.8yrs
Nupur Choudhury
President of Finance & Strategy
- Tenure: 1.8yrs
Amit Banerjee
General Manager of Operations
- Tenure: 0yrs
Board Members
Gautam Chatterjee (69yo)
CEO, MD & Executive Director
- Tenure: 3.4yrs
- Compensation: ₹45.71m
Sudhir Chand (72yo)
Independent Non-Executive Director
- Tenure: 7yrs
- Compensation: ₹2.10m
S. Mookherjee
MD & Director of Caldyne Automatics Ltd (Caldyne)
- Tenure: 0yrs
Rajan Raheja (66yo)
Non-Executive Vice Chairman
- Tenure: 0yrs
- Compensation: ₹225.00k
Asish Mukherjee (58yo)
Director of Finance
- Tenure: 12.4yrs
- Compensation: ₹26.17m
Subir Chakraborty (62yo)
Deputy MD & Wholetime Director
- Tenure: 6.4yrs
- Compensation: ₹17.89m
Bharat Shah (72yo)
Independent Chairman
- Tenure: 3.3yrs
- Compensation: ₹4.38m
Nawshir Mirza (69yo)
Independent Non-Executive Director
- Tenure: 4yrs
- Compensation: ₹4.68m
Arun Mittal (53yo)
Director of Automotive & Whole-Time Director
- Tenure: 3.4yrs
- Compensation: ₹14.59m
Surin Kapadia (39yo)
Independent Director
- Tenure: 2yrs
- Compensation: ₹2.18m
Company Information
Exide Industries Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Exide Industries Limited
- Ticker: 500086
- Exchange: BSE
- Founded: 1916
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: ₹155.423b
- Shares outstanding: 850.00m
- Website: https://www.exideindustries.com
Number of Employees
Location
- Exide Industries Limited
- Exide House
- 59E Chowringhee Road
- Kolkata
- West Bengal
- 700020
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500086 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Mar 1999 |
| EXIDEIND | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Mar 1999 |
Biography
Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries and allied products in India and internationally. It offers batteries under the EXIDE, INDEX, DYNEX, SF SONIC, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 12:43 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.