It is an Indian company specializing in manufacturing batteries for various types of equipment. Known for being a homegrown brand, it has earned a strong reputation across India.(exide share price target)
It provides its batteries to various industries that rely on them for their products, such as the automotive and motorcycle sectors, among others.
What is Exide Industries Ltd NSE: EXIDEIND?
Exide Industries Limited, a renowned Indian company, specializes in manufacturing and distributing a wide range of lead-acid batteries.
Their product lineup includes batteries for cars, home UPS systems, industrial applications, inverters, solar power solutions, e-rickshaws, and even submarines.
Exide offers a wide range of products designed for vehicles, UPS systems, and inverters.
Its batteries are trusted by automobile and equipment manufacturers. Additionally, the company caters to institutions, government and private organizations, the Indian Navy, and export markets.
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Exide share price Target 2024
One of India’s leading battery manufacturers specializes in producing high-quality batteries for both vehicles and industrial applications. In today’s world, where batteries power most equipment, from petrol vehicles to electric ones, this company stands out.
While the majority of its revenue comes from car batteries, its industrial battery segment is also gaining significant traction.
The demand for industrial batteries is rapidly increasing across sectors like power, solar energy, railways, telecom, and UPS systems. With this growing demand, the company anticipates sustained growth in these areas, which is expected to drive a steady rise in revenue.
| Year | Minimum Price | Maximum Price |
| 2024 | 422 | 652 |
Exide share price Target 2025
In the industrial segment, Exide’s customer base is growing each year. Big companies like Hitachi, BHEL, Tata, NTPC and many branded companies use Exide batteries.
Exide keeps developing products to meet customer needs, which helps them attract new customers and strengthen their customer base.
In the automotive segment, they make batteries for 4-wheelers, 3-wheelers, and 2-wheelers, attracting many big companies as customers.
| Year | Minimum Price | Maximum Price |
| 2025 | 502 | 840 |
Exide share price Target 2030
The growing demand for electric vehicles and clean energy has significantly increased the need for lithium-ion batteries, which play a crucial role in these advancements.
Recognizing this trend, Exide Industries is actively working to enhance its battery technology. To stay competitive, the company is planning a collaboration with Svolt Energy, a Chinese firm known for its innovative technologies.
This partnership is expected to strengthen Exide’s position in the lithium-ion battery market and support its future growth in the industry.
| Year | Minimum Price | Maximum Price |
| 2030 | 1200 | 1500 |
Exide share price Target 2040
Exide Industries is ramping up its efforts to meet the increasing demand for batteries, especially from the automotive and industrial sectors.
Currently, the company operates nine factories across India, producing batteries for various applications. With the anticipated rise in battery requirements in the coming years, Exide’s management is planning to expand its operations by establishing new manufacturing facilities in different parts of the country.
This strategic move aims to boost production capacity and support the company’s growth. To achieve this, Exide is preparing to make significant investments in its expansion plans.
| Year | Minimum Price | Maximum Price |
| 2030 | 1200 | 1500 |
Exide share price Target 2050
Exide Industries has ambitious plans to expand its operations both within India and globally, aiming to drive significant business growth.
Recently, the company has collaborated with various international firms to strengthen its presence in overseas markets.
Looking ahead, the management is prioritizing strategic acquisitions to accelerate its global expansion.
With these efforts, Exide Industries is poised to enter new markets, paving the way for substantial growth in the coming years.
| Year | Minimum Price | Maximum Price |
| 2050 | 3200 | 3900 |
| 2040 | 1540 | 1900 |
| 2030 | 1200 | 1500 |
| 2025 | 500 | 840 |
| 2024 | 426 | 650 |
Should I Buy Exide Stock?
This Indian company, listed on the NSE, consistently shows an upward trend in its stock performance. Renowned for its trustworthiness and global reputation, it holds a prominent position in India and international markets.
Its fundamentals are exceptionally strong, with a robust financial standing marked by minimal debt and significant profits. In 2024, the rising demand for batteries in various industries is evident in the company’s price chart.
This growing demand highlights its potential for long-term growth. Investors looking to take calculated risks may find this stock promising, provided they implement strict risk management strategies.
Exide Industries Ltd Earning Results
Quarterly – Exide Industries Q4 Results
*All figures in crores except per share values
| Fiscal Period | Mar 24 | Dec 22 | QoQ Comp | Mar 23 | YoY Comp |
| Total Revenue | 4,172.90 | 3,538.50 | 4.85% | 3,676.76 | 13.49% |
| Selling/ General/ Admin Expenses Total | 297.78 | 246.91 | 1.37% | 251.46 | 18.42% |
| Depreciation/ Amortization | 141.83 | 126.83 | -1.98% | 130.98 | 8.28% |
| Other Operating Expenses Total | 675.45 | 502.27 | 15.53% | 509.63 | 32.54% |
| Total Operating Expense | 3,866.76 | 3,267.14 | 4.72% | 3,436.24 | 12.53% |
| Operating Income | 306.14 | 271.36 | 6.60% | 240.52 | 27.28% |
| Net Income Before Taxes | 280.62 | 275.69 | -0.01% | 256.07 | 9.59% |
| Net Income | 184.74 | 198.61 | -7.74% | 180.12 | 2.56% |
| Diluted Normalized EPS | 2.17 | 2.34 | -8.05% | 2.12 | 2.41% |
Is Exide Stock Good to Buy? (Bull Case & Bear Case)Bull Case:
Bull Case:
- Awareness about air pollution is increasing, and many people are turning to electric vehicles and clean energy solutions. As a result, the demand for lithium-ion batteries, essential for these technologies, is growing rapidly.
- Exide is aiming to expand its presence in international markets, which has the potential to significantly boost its revenue. Its collaboration with companies like Svolt Energy highlights its commitment to establishing a strong global footprint and staying competitive on a worldwide scale.
- Acquiring other companies could help Exide accelerate its growth and strengthen its position in the battery market. This strategy may appeal to investors seeking opportunities in rapidly expanding businesses.
Bear case:
- Exide competes with numerous battery manufacturers, creating a highly competitive market. This intense competition can lead to reduced prices and slimmer profit margins for the company.
- Exide’s sales are closely tied to the adoption of electric vehicles and clean energy. If fewer people choose these technologies, it could negatively impact their business performance.
- Expanding into new countries or acquiring other companies comes with its own set of risks. Challenges such as adapting to cultural differences or navigating unfamiliar legal systems can negatively impact the business.
Conclusion
Exide Industries’ stock performance largely hinges on its ability to capitalize on the growing demand for electric vehicles and clean energy solutions. With a strong fundamental background, the company is well-positioned to benefit from these trends. Given that 2024 could see the stock reach its peak, and considering its long history, Exide appears to be a solid investment option for those willing to take a calculated risk.
FAQs:
What are the risks of investing in Exide Industries?
Investing in Exide Industries involves risks such as fluctuating raw material costs (lead), competition from emerging battery technologies (like EV batteries), dependency on the auto industry, regulatory changes, and potential market share loss to new players.
What are the feature plans of the Exide?
Exide plans to focus on innovative energy storage, sustainability, renewable energy integration, and reducing carbon emissions.
Is it safe to invest in Exide stock?
This is a highly reliable company, and this article focuses on helping you plan effectively for investing in its stock.
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