Exide Industries Ltd., incorporated in the year 1947, is a Mid Cap company (having a market cap of Rs 12444.00 Crore) operating in Auto Ancillaries sector.
Exide Industries Ltd. key Products/Revenue Segments include Batteries (Storage), Export Incentives, Other Operating Revenue, Scrap for the year ending 31-Mar-2021.
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 3541.44 Crore, up 6.40 % from last quarter Total Income of Rs 3328.28 Crore and down -22.60 % from last year same quarter Total Income of Rs 4575.49 Crore. Company reported net profit after tax of Rs 3952.49 Crore in latest quarter.
In Q4, strong growth in automotive and robust demand in the industrial verticals were the highlights for Exide Industries. Exports continue to grow faster as it continues to increase its presence in global markets in both the automotive and industrial verticals. Also, its partnership with SVOLT to manufacture lithium-ion batteries augurs well for long term growth. It maintains a Buy at a revised TP of Rs.195 (14x FY24e).
Promoters held 45.99 per cent stake in the company as of 31-Mar-2022, while FIIs owned 10.13 per cent, DIIs 19.17 per cent.
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