EXIDEIND - Fundamental Analysis: Financial Health & Valuation
Back to ListFundamental Rating: 3.5
| Stock Code | EXIDEIND | Market Cap | 30,647 Cr. | Current Price | 361 ₹ | High / Low | 431 ₹ |
| Stock P/E | 28.9 | Book Value | 180 ₹ | Dividend Yield | 0.55 % | ROCE | 10.2 % |
| ROE | 7.62 % | Face Value | 1.00 ₹ | DMA 50 | 329 ₹ | DMA 200 | 355 ₹ |
| Chg in FII Hold | -0.61 % | Chg in DII Hold | 0.42 % | PAT Qtr | 264 Cr. | PAT Prev Qtr | 221 Cr. |
| RSI | 68.0 | MACD | 12.2 | Volume | 24,27,465 | Avg Vol 1Wk | 35,54,920 |
| Low price | 287 ₹ | High price | 431 ₹ | PEG Ratio | 3.98 | Debt to equity | 0.02 |
| 52w Index | 51.1 % | Qtr Profit Var | 7.84 % | EPS | 12.4 ₹ | Industry PE | 27.3 |
Financials & Valuation:
EXIDEIND shows moderate fundamentals. ROCE (10.2%) and ROE (7.62%) reflect weak efficiency in capital utilization. EPS of 12.4 ₹ supports profitability, with quarterly PAT rising to 264 Cr. from 221 Cr., showing steady growth. Debt-to-equity is very low at 0.02, ensuring financial stability.
Valuation Indicators:
P/E ratio of 28.9 is slightly above the industry average (27.3), suggesting fair-to-premium valuation. Book Value of 180 ₹ compared to current price of 361 ₹ shows moderate premium pricing. PEG ratio of 3.98 indicates stretched valuation relative to growth. Dividend yield of 0.55% provides modest income support.
Business Model & Health:
EXIDEIND, a leader in batteries and energy storage solutions, benefits from EV adoption and renewable energy demand. Profitability metrics are modest, but strong balance sheet and sector tailwinds support long-term prospects. FII holdings declined (-0.61%), while DII holdings increased (+0.42%), showing mixed investor sentiment.
Entry Zone & Holding Guidance:
Technically, support lies around 345–355 ₹ (near 200 DMA), with resistance near 375–385 ₹. Entry near support levels offers favorable risk-reward. Long-term holding is justified given industry tailwinds, though efficiency metrics need improvement.
Positive
- Very low debt-to-equity (0.02).
- EPS of 12.4 ₹ with steady PAT growth.
- DII holdings increased (+0.42%).
- Sector tailwinds from EV adoption and renewable energy.
Limitation
- Weak ROCE (10.2%) and ROE (7.62%).
- PEG ratio (3.98) indicates stretched valuation.
- P/E ratio slightly above industry average.
- RSI (68.0) suggests near overbought levels.
Company Negative News
- Decline in FII holdings (-0.61%).
- Efficiency metrics remain weak compared to peers.
Company Positive News
- Quarterly PAT improved to 264 Cr. from 221 Cr.
- DII holdings increased, reflecting domestic support.
- Strong demand outlook in battery and energy storage.
Industry
- Battery and energy storage sector benefits from EV adoption and renewable energy integration.
- Industry PE (27.3) aligns closely with EXIDEIND, supporting fair valuation.
- Long-term growth supported by electrification and infrastructure demand.
Conclusion
EXIDEIND is moderately strong with stable earnings, low debt, and sector growth drivers. Entry near 345–355 ₹ offers a favorable setup. Long-term investors can hold with confidence, though efficiency metrics and valuation premium should be monitored.
Would you like me to extend this into a peer benchmarking overlay comparing EXIDEIND against Amara Raja Batteries and HBL Power Systems to highlight relative positioning in the energy storage sector?