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EXIDEIND - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.6

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 3.6

Stock Code EXIDEIND Market Cap 26,197 Cr. Current Price 308 ₹ High / Low 431 ₹
Stock P/E 24.7 Book Value 180 ₹ Dividend Yield 0.65 % ROCE 10.2 %
ROE 7.62 % Face Value 1.00 ₹ DMA 50 331 ₹ DMA 200 364 ₹
Chg in FII Hold 0.03 % Chg in DII Hold 0.24 % PAT Qtr 264 Cr. PAT Prev Qtr 221 Cr.
RSI 41.3 MACD -9.30 Volume 18,37,812 Avg Vol 1Wk 19,87,144
Low price 291 ₹ High price 431 ₹ PEG Ratio 3.40 Debt to equity 0.02
52w Index 12.6 % Qtr Profit Var 7.84 % EPS 12.4 ₹ Industry PE 25.0

📊 Core Financials

  • Revenue growth: PAT improved to 264 Cr. from 221 Cr., showing steady growth
  • Profit margins: EPS at 12.4 ₹, ROE 7.62%, ROCE 10.2% — moderate efficiency
  • Debt ratios: Very low debt-to-equity at 0.02, nearly debt-free
  • Cash flows: Profitability supports healthy cash generation
  • Return metrics: ROE and ROCE below industry leaders, but stable

💹 Valuation Indicators

  • P/E Ratio: 24.7, in line with industry PE of 25.0, fair valuation
  • P/B Ratio: ~1.71 (308 ₹ / 180 ₹), reasonable
  • PEG Ratio: 3.40, suggests valuation stretched relative to growth
  • Intrinsic Value: Current price appears fairly valued, but growth expectations are priced in

🏢 Business Model & Competitive Advantage

  • Operates in battery manufacturing and energy storage solutions
  • Competitive advantage through strong brand presence and diversified product portfolio
  • Industry demand supported by automotive, industrial, and renewable energy sectors

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near 290–300 ₹ range
  • Long-Term Holding: Recommended with cautious optimism; fundamentals are stable but growth efficiency needs improvement

✅ Positive

  • PAT growth of 7.84% quarter-on-quarter
  • Debt-to-equity ratio at 0.02 shows near debt-free status
  • Dividend yield at 0.65% provides shareholder returns

⚠️ Limitation

  • ROE (7.62%) and ROCE (10.2%) are moderate compared to peers
  • PEG ratio at 3.40 suggests valuation stretched relative to growth
  • Stock trading below DMA 50 (331 ₹) and DMA 200 (364 ₹), showing weak momentum

📰 Company Negative News

  • Stock corrected from 52-week high of 431 ₹
  • Weak technical indicators with MACD at -9.30 and RSI at 41.3

🌟 Company Positive News

  • PAT increased to 264 Cr. from 221 Cr.
  • FII holding increased (+0.03%), DII holding also up (+0.24%)
  • Dividend yield at 0.65% adds shareholder value

🏭 Industry

  • Industry PE at 25.0, EXIDEIND trades in line with peers
  • Sector benefits from rising demand in automotive batteries and renewable energy storage

🔎 Conclusion

  • EXIDEIND shows stable fundamentals with consistent profitability and minimal debt
  • Valuation is fair compared to industry peers, though efficiency metrics are moderate
  • Recommended for long-term holding, with entry near 290–300 ₹ offering attractive risk-reward potential

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