Exide Industries Limited

NSEI:EXIDEIND Stock Report

Market Cap: ₹360.5b

Exide Industries Valuation

Is EXIDEIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EXIDEIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EXIDEIND (₹424.05) is trading above our estimate of fair value (₹260.91)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EXIDEIND?

Key metric: As EXIDEIND is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EXIDEIND. This is calculated by dividing EXIDEIND's market cap by their current earnings.
What is EXIDEIND's PE Ratio?
PE Ratio43.1x
Earnings₹8.36b
Market Cap₹360.49b

Price to Earnings Ratio vs Peers

How does EXIDEIND's PE Ratio compare to its peers?

The above table shows the PE ratio for EXIDEIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51x
ENDURANCE Endurance Technologies
43.2x20.4%₹332.3b
MSUMI Motherson Sumi Wiring India
41.4x18.9%₹273.4b
SUNDRMFAST Sundram Fasteners
44.3x21.7%₹242.0b
SONACOMS Sona BLW Precision Forgings
75.1x25.1%₹426.1b
EXIDEIND Exide Industries
43.1x18.9%₹360.5b

Price-To-Earnings vs Peers: EXIDEIND is good value based on its Price-To-Earnings Ratio (43.1x) compared to the peer average (51x).

Price to Earnings Ratio vs Industry

How does EXIDEIND's PE Ratio compare vs other companies in the IN Auto Components Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
4.8x-31.3%US$379.76m
INNOVATIVE Innovative Tyres & Tubes
0.3xn/aUS$1.22m
505100 India Radiators
0.8xn/aUS$94.64k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
EXIDEIND 43.1xIndustry Avg. 30.8xNo. of Companies17PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EXIDEIND is expensive based on its Price-To-Earnings Ratio (43.1x) compared to the Indian Auto Components industry average (30.8x).

Price to Earnings Ratio vs Fair Ratio

What is EXIDEIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EXIDEIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.1x
Fair PE Ratio35.2x

Price-To-Earnings vs Fair Ratio: EXIDEIND is expensive based on its Price-To-Earnings Ratio (43.1x) compared to the estimated Fair Price-To-Earnings Ratio (35.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EXIDEIND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹424.05
₹463.89
+9.4%
19.2%₹570.00₹275.00n/a19
Nov ’25₹458.95
₹495.53
+8.0%
21.2%₹610.00₹275.00n/a19
Oct ’25₹511.55
₹494.05
-3.4%
21.0%₹610.00₹275.00n/a19
Sep ’25₹492.90
₹482.35
-2.1%
23.5%₹610.00₹260.00n/a20
Aug ’25₹512.75
₹464.75
-9.4%
26.0%₹610.00₹260.00n/a20
Jul ’25₹569.40
₹448.00
-21.3%
25.2%₹589.00₹250.00n/a21
Jun ’25₹488.25
₹436.86
-10.5%
26.4%₹589.00₹250.00n/a22
May ’25₹472.40
₹383.45
-18.8%
24.7%₹540.00₹240.00n/a22
Apr ’25₹310.55
₹327.90
+5.6%
16.2%₹400.00₹240.00n/a21
Mar ’25₹324.10
₹326.48
+0.7%
16.1%₹400.00₹230.00n/a21
Feb ’25₹334.20
₹312.15
-6.6%
17.5%₹400.00₹212.00n/a20
Jan ’25₹322.00
₹290.30
-9.8%
13.5%₹369.00₹212.00n/a20
Dec ’24₹291.50
₹289.05
-0.8%
12.0%₹335.00₹212.00n/a19
Nov ’24₹252.45
₹260.35
+3.1%
14.6%₹335.00₹182.00₹458.9520
Oct ’24₹260.60
₹257.68
-1.1%
14.5%₹335.00₹182.00₹511.5519
Sep ’24₹265.75
₹253.67
-4.5%
14.7%₹335.00₹182.00₹492.9018
Aug ’24₹263.10
₹248.88
-5.4%
13.1%₹300.00₹182.00₹512.7517
Jul ’24₹236.70
₹220.19
-7.0%
11.5%₹275.00₹182.00₹569.4016
Jun ’24₹211.40
₹213.31
+0.9%
8.3%₹245.00₹182.00₹488.2516
May ’24₹195.85
₹212.31
+8.4%
9.6%₹265.00₹175.00₹472.4016
Apr ’24₹177.95
₹211.53
+18.9%
9.2%₹265.00₹175.00₹310.5517
Mar ’24₹178.95
₹206.25
+15.3%
11.0%₹265.00₹155.00₹324.1020
Feb ’24₹182.45
₹206.15
+13.0%
10.9%₹265.00₹155.00₹334.2020
Jan ’24₹180.25
₹204.30
+13.3%
11.4%₹265.00₹155.00₹322.0020
Dec ’23₹188.25
₹204.00
+8.4%
11.9%₹265.00₹155.00₹291.5019
Nov ’23₹166.05
₹192.00
+15.6%
10.8%₹227.00₹155.00₹252.4518

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Tata Motors

₹2.9t

Designs, develops, manufactures, and sells various automotive vehicles.

500570

₹791.25

7D

2.2%

1Y

17.5%

Federal-Mogul Goetze (India)

₹22.0b

Engages in the manufacture, supply, and distribution of automotive components for two/three/four-wheeler automobiles in India and internationally.

FMGOETZE

₹397.50

7D

2.3%

1Y

9.6%

Rane Holdings

₹25.5b

Manufactures and markets automotive components for the transportation industry in India and internationally.

505800

₹1,788.05

7D

-1.7%

1Y

42.0%