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EXIDEIND - Fundamental Analysis: Financial Health & Valuation
Back to ListFundamental Rating: 3.4
| Stock Code | EXIDEIND | Market Cap | 26,924 Cr. | Current Price | 317 ₹ | High / Low | 431 ₹ |
| Stock P/E | 25.4 | Book Value | 180 ₹ | Dividend Yield | 0.63 % | ROCE | 10.2 % |
| ROE | 7.62 % | Face Value | 1.00 ₹ | DMA 50 | 354 ₹ | DMA 200 | 379 ₹ |
| Chg in FII Hold | 0.03 % | Chg in DII Hold | 0.24 % | PAT Qtr | 264 Cr. | PAT Prev Qtr | 221 Cr. |
| RSI | 24.4 | MACD | -12.1 | Volume | 17,43,350 | Avg Vol 1Wk | 28,82,847 |
| Low price | 312 ₹ | High price | 431 ₹ | PEG Ratio | 3.50 | Debt to equity | 0.02 |
| 52w Index | 4.31 % | Qtr Profit Var | 7.84 % | EPS | 12.4 ₹ | Industry PE | 28.0 |
📊 Core Financials
- Revenue growth: PAT at 264 Cr vs 221 Cr in previous quarter, showing 7.84 % improvement.
- Profit margins: EPS at 12.4 ₹, moderate profitability.
- Debt ratios: Excellent, debt-to-equity at 0.02 shows negligible leverage.
- Cash flows: Supported by profitability and low debt burden.
- Return metrics: ROCE 10.2 %, ROE 7.62 % — relatively weak efficiency compared to peers.
💹 Valuation Indicators
- P/E ratio: 25.4, slightly below industry average (28.0), fairly valued.
- P/B ratio: Current Price / Book Value ≈ 1.76, reasonable relative to assets.
- PEG ratio: 3.50, indicates valuation stretched relative to growth.
- Intrinsic value: Fair valuation, but limited upside due to modest returns.
🏢 Business Model & Competitive Advantage
- Operates in battery manufacturing for automotive and industrial applications.
- Strong brand presence in lead-acid batteries with diversification into new energy solutions.
- Competitive advantage through established distribution network and scale, though margins remain modest.
📈 Entry Zone & Long-Term Guidance
- Entry zone: Attractive near 310–325 ₹ levels, close to 52-week low support.
- Long-term holding: Cautious; suitable for investors seeking steady exposure to energy storage, but efficiency metrics need improvement for strong long-term returns.
Positive
- Quarterly PAT improved (264 Cr vs 221 Cr).
- Negligible debt-to-equity ratio (0.02).
- Dividend yield at 0.63 % provides steady income.
- FII (+0.03 %) and DII (+0.24 %) holdings increased.
Limitation
- ROE (7.62 %) and ROCE (10.2 %) are weak compared to industry leaders.
- PEG ratio at 3.50 indicates stretched valuation relative to growth.
- Stock trading below DMA 50 and DMA 200, showing weak momentum.
Company Negative News
- Technical indicators weak: RSI at 24.4 (oversold), MACD negative.
- Stock corrected from 52-week high of 431 ₹.
Company Positive News
- Quarterly PAT growth of 7.84 %.
- Strong brand presence in automotive and industrial battery segment.
- Low debt ensures financial stability.
Industry
- Battery and energy storage industry supported by automotive demand and renewable energy integration.
- Industry PE at 28.0, close to EXIDEIND’s P/E, suggesting fair valuation.
Conclusion
- EXIDEIND demonstrates stable fundamentals with low debt and consistent profitability.
- Valuation is fair compared to industry peers, but efficiency metrics remain modest.
- Entry advisable near lower support levels; long-term holding recommended with cautious optimism, especially if margins improve with new energy initiatives.
I can also prepare a comparative HTML snapshot against peers like Amara Raja Batteries and HBL Power Systems to highlight EXIDEIND’s relative valuation and strengths.