NSEI:EXIDEIND

Stock Analysis Report

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Executive Summary

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

Rewards

PE ratio (27.9x) is below the Auto Components industry average (36.5x)

Pays a high and reliable dividend of 2.05%

Risk Analysis

No risks detected for EXIDEIND from our risk checks.


Snowflake Analysis

Excellent balance sheet established dividend payer.


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

Stable Share Price: EXIDEIND is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: EXIDEIND's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.6%

EXIDEIND

0.9%

IN Auto Components

-0.7%

IN Market


1 Year Return

-0.9%

EXIDEIND

15.2%

IN Auto Components

17.3%

IN Market

Return vs Industry: EXIDEIND underperformed the Indian Auto Components industry which returned 17.1% over the past year.

Return vs Market: EXIDEIND underperformed the Indian Market which returned 19.1% over the past year.


Shareholder returns

EXIDEINDIndustryMarket
7 Day-2.6%0.9%-0.7%
30 Day7.2%13.5%8.4%
90 Day21.9%31.2%23.0%
1 Year0.7%-0.9%16.5%15.2%19.5%17.3%
3 Year-9.6%-13.0%-13.0%-15.6%8.9%3.6%
5 Year77.7%67.0%59.7%52.8%81.8%67.9%

Long-Term 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

Valuation

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

27.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EXIDEIND (₹197.6) is trading above our estimate of fair value (₹103.75)

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


Price To Earnings Ratio

PE vs Industry: EXIDEIND is good value based on its PE Ratio (27.9x) compared to the IN Auto Components industry average (36.5x).

PE vs Market: EXIDEIND is poor value based on its PE Ratio (27.9x) compared to the Indian market (19.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EXIDEIND is overvalued based on its PB Ratio (2.6x) compared to the IN Auto Components industry average (1.7x).


Next Steps

Future Growth

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

49.6%

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.


Next Steps

Past Performance

How has Exide Industries performed over the past 5 years?

1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EXIDEIND has high quality earnings.

Growing Profit Margin: EXIDEIND's current net profit margins (4.5%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: EXIDEIND's earnings have grown by 1% per year over the past 5 years.

Accelerating Growth: EXIDEIND's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EXIDEIND had negative earnings growth (-26.3%) over the past year, making it difficult to compare to the Auto Components industry average (-44.3%).


Return on Equity

High ROE: EXIDEIND's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Exide Industries's financial position?


Financial Position Analysis

Short Term Liabilities: EXIDEIND's short term assets (₹54.1B) exceed its short term liabilities (₹32.5B).

Long Term Liabilities: EXIDEIND's short term assets (₹54.1B) do not cover its long term liabilities (₹146.0B).


Debt to Equity History and Analysis

Debt Level: EXIDEIND's debt to equity ratio (1%) is considered satisfactory.

Reducing Debt: EXIDEIND's debt to equity ratio has reduced from 1.8% to 1% over the past 5 years.

Debt Coverage: EXIDEIND's debt is well covered by operating cash flow (2403.1%).

Interest Coverage: EXIDEIND's interest payments on its debt are well covered by EBIT (24.9x coverage).


Balance Sheet


Next Steps

Dividend

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

2.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EXIDEIND's dividend (2.05%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: EXIDEIND's dividend (2.05%) is in the top 25% of dividend payers in the Indian market (1.81%)


Stability and Growth of Payments

Stable Dividend: EXIDEIND's dividends per share have been stable in the past 10 years.

Growing Dividend: EXIDEIND's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.2%), EXIDEIND's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Gautam Chatterjee (70 yo)

4.67yrs

Tenure

₹45,771,668

Compensation

Mr. Gautam Chatterjee has been the Chief Executive Officer and Managing Director of Exide Industries Limited since May 01, 2016. Mr. Chatterjee has been an Executive Director of Exide Industries Limited si...


CEO Compensation Analysis

Compensation vs Market: Gautam's total compensation ($USD627.34K) is above average for companies of similar size in the Indian market ($USD478.10K).

Compensation vs Earnings: Gautam's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gautam Chatterjee
CEO, MD & Executive Director4.67yrs₹45.77m0.0012%
₹ 2.0m
Asish Mukherjee
Director of Finance13.75yrs₹25.99m0.00012%
₹ 204.2k
Jitendra Kumar
Company Secretary2.5yrs₹9.02mno data
Subir Chakraborty
Deputy MD & Executive Director7.67yrs₹19.98m0.00013%
₹ 221.2k
Arun Mittal
Director of Automotive & Whole-Time Director4.67yrs₹16.23m0.00014%
₹ 238.2k
Amit Banerjee
General Manager of Operationsno datano datano data
Ranjan Sarkar
Executive Vice President of HR3yrsno datano data
S. Mookherjee
MD & Director of Caldyne Automatics Ltd (Caldyne)no datano datano data
Arnab Saha
President of New Business2yrsno datano data
Nupur Choudhury
President of Finance & Strategy3yrsno datano data
Avik Roy
President of Industrial2yrsno datano data
Dipak Senchoudhury
President of R&D3yrsno datano data

3.0yrs

Average Tenure

61yo

Average Age

Experienced Management: EXIDEIND's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gautam Chatterjee
CEO, MD & Executive Director4.67yrs₹45.77m0.0012%
₹ 2.0m
Asish Mukherjee
Director of Finance13.75yrs₹25.99m0.00012%
₹ 204.2k
Subir Chakraborty
Deputy MD & Executive Director7.67yrs₹19.98m0.00013%
₹ 221.2k
Arun Mittal
Director of Automotive & Whole-Time Director4.67yrs₹16.23m0.00014%
₹ 238.2k
S. Mookherjee
MD & Director of Caldyne Automatics Ltd (Caldyne)no datano datano data
Sudhir Chand
Independent Non-Executive Director8.25yrs₹2.18m0.0022%
₹ 3.8m
Rajan Raheja
Non-Executive Vice Chairmanno data₹225.00kno data
Mona Desai
Independent Non-Executive Director10.75yrs₹2.18m0.0092%
₹ 15.7m
Bharat Shah
Independent Non-Executive Chairman4.5yrs₹4.38m0.0051%
₹ 8.6m
Surin Kapadia
Independent Non-Executive Director3.25yrs₹2.18mno data

8.0yrs

Average Tenure

63yo

Average Age

Experienced Board: EXIDEIND's board of directors are considered experienced (8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Exide Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Exide Industries Limited
  • Ticker: EXIDEIND
  • Exchange: NSEI
  • Founded: 1916
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹170.128b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500086BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 1999
EXIDEINDNSEI (National Stock Exchange of India)YesEquity SharesININRMar 1999

Biography

Exide Industries Limited designs, manufactures, markets, and sells lead acid storage batteries and allied products in India and internationally. It operates in two segments, Automotive and Industrial. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 12:03
End of Day Share Price2021/01/21 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.