Exide Industries Ltd.
NSE: EXIDEINDExide Industries Ltd.: A 30-second snapshot
Exide Industries (EXIDEIND) trades at ₹349.30, below its 200-DMA of ₹362.97, with a 1-year price return of -2.72% and a 52-week drawdown of -18.96%. The trailing PE is 34.76 with a forward PE of 20.76, against a ROE of 6.17% and a profit margin of 4.75%. D/E stands at 11.31, which is rising, and FCF has been positive in only 1 of the reported persistence years.
P/E
34.8
Forward P/E
20.8
ROE
+6.2%
Debt / Equity
11.31
Profit Margin
+4.8%
Div. Yield
+0.6%
5Y ROE > 15%
0/5
5Y FCF > 0
1/5
Quality
39/100
News
5 headlines · 5 positive · 0 negative
EXIDEIND: Record Q4 revenue, robust domestic growth, and major lithium-ion investments amid commodity headwinds - TradingView
TradingView
EXIDEIND: Record Q4 revenue, resilient margins, and major lithium-ion investments amid commodity headwinds - TradingView
TradingView
Exide Ind Consolidated March 2026 Net Sales at Rs 4,735.13 crore, up 9.22% Y-o-Y - Moneycontrol.com
Moneycontrol.com
Exide Ind Standalone March 2026 Net Sales at Rs 4,551.11 crore, up 9.42% Y-o-Y - Moneycontrol.com
Moneycontrol.com
EXIDEIND: Q4 FY26 delivered strong domestic growth and profitability, offsetting export headwinds - TradingView
TradingView
Recent context
- ·Q4 FY26 delivered consolidated net sales of ₹4,735 crore (+9.22% YoY) and standalone net sales of ₹4,551 crore (+9.42% YoY), with headlines flagging strong domestic volume growth offsetting export headwinds and commodity cost pressures.
- ·Management is committing capital to lithium-ion battery manufacturing, representing a strategic pivot toward EV components; headlines describe this as a major investment amid acknowledged commodity headwinds.
- ·Despite the positive Q4 earnings narrative in recent news flow, the stock has returned -2.72% over 12 months and sits 3.9% below its 200-DMA, reflecting a gap between reported results and price performance.
Strengths
- +Revenue has grown at a 5-year CAGR of 9.2%, with Q4 FY26 consolidated net sales of ₹4,735 crore, up 9.22% YoY — demonstrating consistent top-line expansion.
- +Earnings have grown at a 5-year CAGR of 15%, outpacing revenue growth, indicating some operating leverage improvement over the medium term.
- +Price is currently above the 50-DMA of ₹325.89 with RSI at 53.76 (neutral zone), and a 3-month price change of +2.6%, reflecting a partial near-term price recovery.
- +The company is investing in lithium-ion battery capacity, positioning itself in an adjacent segment to its traditional lead-acid battery business as EV adoption grows in India.
Weaknesses
- −D/E of 11.31 is substantially elevated and on a rising trend; FCF positive in only 1 of available years signals persistent balance-sheet stress relative to the Auto sector.
- −ROE of 6.17% has never exceeded 15% in any recorded year; profit margin of 4.75% and a consistency score of 8/100 point to structurally weak return quality.
- −Quality score of 37 ranks last (5th of 6) among sector peers; ROE ranks 4th of 4 peers with available data, trailing BAJAJ-AUTO (28.05%), M&M (18.75%), and MARUTI (14.43%) by a wide margin.
- −Price remains below the 200-DMA of ₹362.97 with a 52-week drawdown of -18.96%; analyst mean rating of 3.07 across 14 analysts (1–5 scale, lower = more constructive) sits near the midpoint of the scale.
Open questions
- ?Does the D/E of 11.31 reflect project-finance debt tied to the lithium-ion capacity build, or does it represent structural leverage embedded in the core lead-acid business — and how does the repayment timeline align with expected FCF generation?
- ?The forward PE of 20.76 implies a substantial earnings improvement relative to trailing earnings — what specific volume and margin assumptions underpin that expectation, and how sensitive is it to commodity input costs?
- ?Given that ROE has never crossed 15% in the recorded history, what structural factors — capital intensity, pricing power, or working capital cycles — have constrained returns, and do the lithium-ion investments alter those dynamics?
- ?How does Exide's competitive position in EV batteries compare to peers already in that space, and what is the capex requirement relative to the company's current FCF profile?
Peer comparison: Auto
Ranks 5 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| EXIDEIND | Exide Industries Ltd.You're viewing | 34.8 | +6.2% | 37 |
| Industry avg | across 5 peers | 28.8 | +20.4% | 49 |
| EICHERMOT | Eicher Motors Ltd. | 36.0 | — | 60 |
| BAJAJ-AUTO | Bajaj Auto Ltd. | 27.2 | +28.1% | 55 |
| M&M | Mahindra & Mahindra Ltd. | 20.9 | +18.8% | 52 |
| TMPV | Tata Motors Passenger Vehicles Ltd. | 31.8 | — | 46 |
| MARUTI | Maruti Suzuki India Ltd. | 28.0 | +14.4% | 31 |
Technical state
Current price
₹349.30
SMA 50
₹325.89
SMA 200
₹362.97
RSI (14)
53.8 (neutral)
From 52w high
-19.0%
1Y return
-2.7%
3M return
+2.6%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highD/E of 11.31 is far above the Auto sector peer median; debt trend is rising. FCF positive in only 1 of available persistence years, signalling persistent cash generation weakness.
- highROE of 6.17% has never exceeded 15% in any recorded year (roeYearsAbove15 = 0); profit margin of 4.75% is thin for an industrial manufacturer, and consistency score of 8/100 signals weak fundamental durability.
- mediumPrice of ₹349.30 is below the 200-DMA of ₹362.97; 1-year price change of -2.72% with a 52-week drawdown of -18.96% from the high.
- mediumQuality score of 37 ranks last (5th of 6) in the Auto peer set; ROE of 6.17% ranks 4th of 4 peers with available data, below BAJAJ-AUTO (28.05%), M&M (18.75%), and MARUTI (14.43%). Trailing PE of 34.76 is the highest among peers by quality-adjusted basis.
- lowNews sample is sparse (5 articles, all from two sources: TradingView and Moneycontrol); breadth is limited, skewing sentiment confidence.
Cross-section contradictions
- News sentiment is uniformly positive (5 of 5 articles citing record Q4 revenue and lithium-ion investments), yet the stock is -2.72% over 1 year and remains below its 200-DMA, indicating the market has not yet reflected the reported operational improvements in price.
- Forward PE of 20.76 implies a significant earnings step-up relative to the trailing PE of 34.76, yet FCF has been positive in only 1 of available years and ROE has never cleared 15%, making the implied future earnings acceleration inconsistent with the historical return and cash generation record.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 24 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days