Exide Industries Limited, headquartered in Kolkata, India, is a renowned provider of energy storage solutions with a storied history dating back to its founding in 1947. Led by CEO Subir Chakraborty, the company is a significant player in the design, manufacturing, and distribution of a diverse array of lead acid storage batteries, catering to an extensive range of applications. These batteries find utility across various sectors, including automotive, power, telecom, infrastructure, computing, railways, mining, and defense. With manufacturing facilities spanning India and Sri Lanka and a global reach, exporting products to 60 countries across six continents, Exide Industries is at the forefront of innovation. The company has also ventured into the production of lithium-ion battery modules and packs through its subsidiary, Exide Energy Private Limited, under the brand ‘Nexcharge.’
Key Information:
Name: Exide Industries Limited
Symbol: EXIDE
Industry: Energy Storage
Founded: 1947
CEO: Subir Chakraborty
Headquarters: Kolkata, India
Country: India
Locations: Manufacturing facilities in India and Sri Lanka
Fundamentals of Exide:Understanding the core financial aspects of Exide Industries is crucial for investors:
Market Cap: ₹224.10 billion
Enterprise Value: ₹222,173,806,592.00
Shares Outstanding: 850.00 million
P/E Ratio: 27.21
Price/Book: 2.01
Book Value: ₹130.97
Debt/Equity: 5.28
Price/Sales: 1.46
Earnings Per Share: ₹9.69
Revenue Per Share: ₹180.02
Total Cash Per Share: ₹8.65
Dividend Rate: ₹2.00
Ex-Dividend Date: August 1, 2023
Dividend Yield: 0.77%
Total Cash: ₹7.35 billion
Total Debt: ₹5.88 billion
Total Revenue: ₹153.02 billion
Gross Margin: 30.87%
% Held by Insiders: 50.89%
% Held by Institutions: 27.90%
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Exide Share Price Targets:
2023: In 2023, Exide Industries is projected to continue its growth journey, with a forecasted revenue increase of 15-20%. This expansion is expected to be driven by the company’s entry into new markets and the introduction of innovative products. These developments translate into a minimum share price target of ₹300 and a maximum share price target of ₹350.
2024: Looking to 2024, the share price of Exide Industries is estimated to maintain steady growth, with a minimum target of ₹350 and a maximum target of ₹400. This outlook is based on the company’s plans to establish a plant for lithium-ion cell manufacturing through its subsidiary, Exide Energy Solutions Limited. The increasing demand for electric vehicles and renewable energy sources is anticipated to boost the battery industry, benefiting Exide Industries.
2025: In 2025, the growth trajectory of Exide is expected to continue, with a forecasted revenue increase of 25-30%. The company’s strong presence in the Indian and global battery markets, with exports to 60 countries across six continents, is the foundation of this projection. The company’s emphasis on innovation, technology, and sustainability is likely to drive growth. This translates into a minimum share price target of ₹400 and a maximum share price target of ₹450.
2030: In the years spanning 2026 to 2030, steady growth is envisioned, with a minimum share price target of ₹450 and a maximum share price target of ₹600 by 2030. The company’s plans to expand its lithium-ion battery manufacturing capacity and its commitment to research and development to meet the growing demand for electric vehicles and renewable energy sources underpin this growth.
2035: Peering further into the future, the minimum share price target is estimated to be ₹600, with a maximum target of ₹800 by 2035. The growing demand for electric vehicles and renewable energy sources is poised to fuel expansion in the battery industry. The company’s focus on innovation, technology, and sustainability is expected to continue driving growth.
2040, driven by the company’s unwavering commitment to innovation and technology, and fueled by the escalating demand for electric vehicles and renewable energy sources, the share price is anticipated to achieve a minimum target of ₹800 and a maximum target of ₹1000 by the close of the year.
2050: The relentless demand for electric vehicles and renewable energy sources is expected to drive growth in the battery industry. The company’s unwavering commitment to innovation and technology, as well as its dedication to sustainability, is set to fuel continued expansion. These factors contribute to a minimum share price target of ₹1000 and a maximum share price target of ₹1500 by the end of 2050.
Disclaimer
It is important to emphasize that this article does not provide financial advice or stock recommendations. Share price predictions are inherently speculative and are for educational purposes only. Always conduct thorough research and seek advice from financial experts before making investment decisions.