Exide Industries Ltd Share Price – NSE /  BSE

Auto Ancillaries, Small Cap

Exide Industries Ltd rose for a fifth straight session today. The stock is quoting at Rs 511.6, up 0.71% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Exide Industries Ltd has dropped around 6.43% in last one month.

Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has dropped around 1.2% in last one month and is currently quoting at 25586.75, up 0.15% on the day. The volume in the stock stood at 14.64 lakh shares today, compared to the daily average of 40.63 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 512.15, up 0.68% on the day. Exide Industries Ltd is up 90.82% in last one year as compared to a 27.67% gain in NIFTY and a 65.34% gain in the Nifty Auto index.

The PE of the stock is 39.58 based on TTM earnings ending June 24.

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Exide Energy Solutions (EESL) is engaged in the business of manufacturing & selling lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications. Its turnover was Rs 239.14 crore as on 31 March 2024.

EESL is in the process of setting up a green field plant at Bengaluru for manufacturing & selling lithium-ion battery cells, modules and pack business.

EESL has allotted 2,08,33,333 equity shares of Rs 10 each were acquired at a premium of Rs 26 each aggregating to Rs 74.99 crore on right basis to the company. The said transaction is at arm's length.

As on date, the total investment by Exide Industries in the equity share capital of EESL stood at Rs 2,652.24 crore. There is no change in the shareholding percentage of the company in EESL pursuant to such an acquisition.

Exide Industries is primarily engaged in the manufacturing of storage batteries and allied products in India.

The company reported 1% decline in consolidated net profit to Rs 220.06 crore in Q1 FY25 as against 222.31 crore posted in Q1 FY24. Revenue from operations grew 4.5% YoY to Rs 4,435.71 crore in Q1 FY25.

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Exide Industries has further invested Rs 74.99 crore in wholly owned subsidiary, Exide Energy Solutions (EESL) through rights issue. With this investment, the company's investment in EESL stands at Rs 2,652.24 crore.

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Exide Industries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 510.75, down 0.39% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.98% on the day, quoting at 24766.8. The Sensex is at 81090.89, down 0.95%.Exide Industries Ltd has lost around 10.22% in last one month.Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has increased around 2.29% in last one month and is currently quoting at 26487.45, down 2.75% on the day. The volume in the stock stood at 27.44 lakh shares today, compared to the daily average of 44.07 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 512.85, down 0.69% on the day. Exide Industries Ltd jumped 98.81% in last one year as compared to a 27.78% rally in NIFTY and a 67.49% spurt in the Nifty Auto index.

The PE of the stock is 39.96 based on TTM earnings ending June 24.

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