Exide Industries (BSE:500086) - Stock price, News & Analysis

500086 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	0/6

500086 Stock Overview

Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries and allied products in India and internationally.

Rewards

PE ratio (18.7x) is below the Indian market (23.5x)

Risk Analysis

Earnings have declined by 0.4% per year over past 5 years

Exide Industries Competitors

ZHEJIANG NARADA POWER SOURCE

SZSE:300068

CN¥10.7b

Amara Raja Batteries

BSE:500008

₹109.1b

Leoch International Technology

SEHK:842

HK$1.1b

Price History & Performance

Summary of all time highs, changes and price drops for Exide Industries
Historical stock prices
Current Share Price	₹173.95
52 Week High	₹220.60
52 Week Low	₹152.65
Beta	0.46
1 Month Change	8.69%
3 Month Change	-6.23%
1 Year Change	-13.09%
3 Year Change	-29.55%
5 Year Change	-10.57%
Change since IPO	1,637.76%

Shareholder Returns

	500086	IN Auto Components	IN Market
7D	2.5%	-1.0%	2.2%
1Y	-13.1%	37.1%	36.2%

Return vs Industry: 500086 underperformed the Indian Auto Components industry which returned 37.1% over the past year.

Return vs Market: 500086 underperformed the Indian Market which returned 36.2% over the past year.

Price Volatility

Is 500086's price volatile compared to industry and market?
500086 volatility
500086 Average Weekly Movement	3.2%
Auto Components Industry Average Movement	5.8%
Market Average Movement	6.7%
10% most volatile stocks in IN Market	9.8%
10% least volatile stocks in IN Market	4.1%

Stable Share Price: 500086 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 500086's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1916	5,202	Subir Chakraborty	https://www.exideindustries.com

Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries and allied products in India and internationally. The company operates in two segments, Automotive and Industrial. It offers automotive, industrial, genset, solar, inverter, and submarine batteries, as well as home UPS systems and e-rickshaws.

Exide Industries Fundamentals Summary

How do Exide Industries's earnings and revenue compare to its market cap?
500086 fundamental statistics
Market Cap	₹147.86b
Earnings (TTM)	₹7.93b
Revenue (TTM)	₹170.60b

18.7x

P/E Ratio

0.9x

P/S Ratio

Is 500086 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
500086 income statement (TTM)
Revenue	₹170.60b
Cost of Revenue	₹78.00b
Gross Profit	₹92.60b
Expenses	₹84.67b
Earnings	₹7.93b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 14, 2022

Earnings per share (EPS)	9.33
Gross Margin	54.28%
Net Profit Margin	4.65%
Debt/Equity Ratio	4.3%

How did 500086 perform over the long term?

See historical performance and comparison

Valuation

Is Exide Industries undervalued compared to its fair value and its price relative to the market?

18.65x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 500086 (₹173.95) is trading above our estimate of fair value (₹3.85)

Significantly Below Fair Value: 500086 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: 500086 is good value based on its PE Ratio (18.7x) compared to the Indian Auto Components industry average (21.9x).

PE vs Market: 500086 is good value based on its PE Ratio (18.7x) compared to the Indian market (23.5x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500086's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 500086 is good value based on its PB Ratio (1.9x) compared to the IN Auto Components industry average (2.3x).

Future Growth

How is Exide Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.1%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Exide Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Exide Industries performed over the past 5 years?

-0.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 500086 has high quality earnings.

Growing Profit Margin: 500086's current net profit margins (4.6%) are higher than last year (4.5%).

Past Earnings Growth Analysis

Earnings Trend: 500086's earnings have declined by 0.4% per year over the past 5 years.

Accelerating Growth: 500086's earnings growth over the past year (29.1%) exceeds its 5-year average (-0.4% per year).

Earnings vs Industry: 500086 earnings growth over the past year (29.1%) underperformed the Auto Components industry 115.3%.

Return on Equity

High ROE: 500086's Return on Equity (10.3%) is considered low.

Financial Health

How is Exide Industries's financial position?

Financial Position Analysis

Short Term Liabilities: 500086's short term assets (₹70.4B) exceed its short term liabilities (₹53.8B).

Long Term Liabilities: 500086's short term assets (₹70.4B) do not cover its long term liabilities (₹176.0B).

Debt to Equity History and Analysis

Debt Level: 500086 has more cash than its total debt.

Reducing Debt: 500086's debt to equity ratio has increased from 3.2% to 4.3% over the past 5 years.

Debt Coverage: 500086's debt is well covered by operating cash flow (231.4%).

Interest Coverage: 500086's interest payments on its debt are well covered by EBIT (27.7x coverage).

Balance Sheet

Dividend

What is Exide Industries's current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 500086's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 500086's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 500086's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500086's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: 500086 is not paying a notable dividend for the Indian market.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500086's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.

Next Steps

Explore strong dividend paying companies in the Automobiles industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure

CEO

Subir Chakraborty (64 yo)

0.67

Tenure

₹27,275,798

Compensation

Mr. Subir Chakraborty serves as Chief Executive Officer at Exide Industries Limited since May 01, 2021. He has been an Executive Director of Exide Industries Limited since May 01, 2013 and had been its Dep...

CEO Compensation Analysis

Compensation vs Market: Subir's total compensation ($USD368.07K) is about average for companies of similar size in the Indian market ($USD443.16K).

Compensation vs Earnings: Subir's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: 500086's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: 500086's board of directors are considered experienced (8.7 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/01/16 12:00
End of Day Share Price	2022/01/14 00:00
Earnings	2021/09/30
Annual Earnings	2021/03/31