āagman

Not investment advice. Data and computed figures, for information only.

Exide Industries Ltd

NSE: EXIDEINDF&O
₹374.70
−₹8.35 (−2.18%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹33,524 Cr
CMP
₹374.70
52-wk High / Low
₹496 / 287
P/E
35.7
P/B
2.4
Book Value
₹164.0
Div Yield
0.51%
ROCE
9.0%
ROE
6.0%
Face Value
₹1
D/E
0.11

Price−6.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹193
√(22.5 × EPS × book value per share)
ROIC
5.7%
vs 11.5% sector median
Cash flow to profit
2.81
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−23
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
4.9%
ROE × earnings retention ratio
ROE stability
13.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +2.91DII −1.55
Latest quarter vs the previous one
Cash-accrual divergence
−7.3%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 0.9pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
Watch-outs
−Latest ROCE of 9% trails the sector median of 18.5%
−Borrowings are up 1269.6% since FY2016 (115 to 1575)
−Price trades below its 200-day moving average (1.0x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,2454,3723,9804,1734,4364,4504,0174,3354,6954,3654,2014,7355,528
Expenses3,8073,8723,5483,7253,9633,9783,5923,9074,1573,9733,7484,2474,907
Operating Profit438499432448473472425428538391452488621
OPM %10.3%11.4%10.9%10.7%10.7%10.6%10.6%9.9%11.5%9.0%10.8%10.3%11.2%
Other Income23382551640134428545427
Interest24303231303454353240252720
Depreciation132141145142144146145148149152149138142
Profit before tax304366281281316332238290385253283327487
Net Profit224270203186221233158188275174195217351
EPS (₹)2.623.172.362.172.592.721.842.203.212.022.282.534.12

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9,4719,47711,17912,80814,72114,47110,35912,78915,07816,77017,23817,99518,829
Expenses8,5288,2899,80511,40013,15913,0148,99411,38713,48514,94615,43316,11916,875
Operating Profit9441,1871,3741,4081,5621,4571,3661,4021,5931,8231,8051,8761,953
OPM %10.0%12.5%12.3%11.0%10.6%10.1%13.2%11.0%10.6%10.9%10.5%10.4%10.4%
Other Income945910221148401323,725125881139191
Interest979153114117108376479120160129111
Depreciation155175226267344418394440502560582589582
Profit before tax8749921,0971,0481,2499721,0684,6231,1381,2311,1761,2491,351
Net Profit6167008046948477628034,357823883800860937
EPS (₹)7.238.209.428.139.959.149.5351.389.6810.319.3510.0510.95

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital858585858585858585858585—
Reserves3,7564,3054,9475,3446,0226,3827,18710,49911,04712,80113,82813,820—
Borrowings5811518760891965095205881,1232,0171,575—
Other Liabilities9,98910,86612,54614,32616,23517,54920,6252,7993,0374,1405,4595,737—
Total Liabilities13,88715,37017,76519,81522,43124,21328,40613,90214,75818,14921,39021,218—
Fixed Assets1,7811,9752,2592,6813,0803,2483,5993,3613,6823,8533,9354,006—
CWIP1151921492413004054313415251,3523,6434,198—
Investments8,81710,44611,88412,49014,32815,81618,8075,5585,1065,9406,4686,131—
Other Assets3,1752,7573,4744,4024,7234,7445,5704,6425,4447,0047,3436,882—
Total Assets13,88715,37017,76519,81522,43124,21328,40613,90214,75818,14921,39021,218—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8721801,5839379141,6871,6192,263617681,5331,2732,413
Cash from Investing Activity−591−61−1,329−727−535−1,438−1,097−2,08266−799−1,458−1,934−1,551
Cash from Financing Activity−215−199−167−182−386−217−532−170−172−30108515−805
Net Cash Flow66−798728−632−911−45−61183−14657

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %24.023.026.026.023.021.017.014.011.010.010.09.09.0
ROE %————————————6.0
EPS (₹)6.417.238.209.428.139.959.149.5351.389.6810.319.3510.05
Book Value (₹)————————————164.0
Face Value (₹)————————————1
P/E————————————35.7
Div Yield %————————————0.51
NPM %6.66.47.37.15.45.75.37.726.45.45.24.64.8
OPM %11.010.013.012.011.011.010.013.011.011.011.010.010.0
D/E0.010.020.030.040.010.010.030.070.050.050.090.140.11
P/B————————————2.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+12.0%
3 years+6.0%
TTM+8.0%
Compounded profit growth
10 years+2.0%
5 years+1.0%
3 years+2.0%
TTM+11.0%
Stock price CAGR
10 years+8.0%
5 years+16.0%
3 years+14.0%
Last year−2.0%
Return on equity
10 years13.0%
5 years13.0%
3 years6.0%
Last year6.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%45.99%
FIIs9.49%9.49%9.49%10.61%9.93%9.41%11.95%10.13%12.32%13.57%11.60%10.30%13.21%
DIIs23.90%23.90%23.90%23.11%23.84%23.48%24.56%19.16%18.92%18.57%17.15%19.12%17.57%
Government0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public20.61%20.61%20.61%20.28%20.23%21.12%17.49%24.71%22.76%21.88%25.25%24.59%23.22%
No. of shareholders98,46898,46898,4681,27,0791,49,4441,92,8593,60,7718,04,2887,17,7859,43,33113,38,26212,03,11710,96,596
Change since Jun 2023 (pp)
Promoters +0.00FIIs +3.72DIIs −6.33Public +2.61

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-AcquisitionBoard Meeting Intimation for Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter And Half Year Ending 30Th September 2026Updates On Exide Energy Solutions Limited, Wholly Owned Subsidiary Of The Company.Announcement under Regulation 30 (LODR)-Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Press Release / Media Release
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingJul 2025PPT

Corporate actions

As of 3 Jul 2026
3 Jul 2026DIVIDENDDividend - Rs 2 Per Share—
18 Jul 2025DIVIDENDDividend - Rs 2 Per Share—
22 Jul 2024DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
1 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
7 Feb 2022DIVIDENDInterim Dividend - Rs 2 Per Share—
4 Feb 2021DIVIDEND Interim Dividend - Rs 2.00 Per Share—
4 Mar 2020DIVIDEND Interim Dividend - Rs 2.50 Per Share—
18 Nov 2019DIVIDEND Dividend - Rs 1.60 Per Share—
25 Jul 2019DIVIDEND Annual General Meeting/Dividend - Re 0.80 Per Share—
15 Nov 2018DIVIDEND Interim Dividend - Rs 1.60 Per Share—
25 Jul 2018DIVIDEND Annual General Meeting / Dividend- Re 0.80 Per Share—
3 Nov 2017DIVIDEND Interim Dividend - Rs 1.60 Per Share—
19 Jul 2017DIVIDEND Annual General Meeting/Dividend - Re 0.80/- Per Share—
3 Nov 2016DIVIDEND Interim Dividend Rs 1.60 Per Share—
11 Jul 2016DIVIDEND Annual General Meeting/ Dividend - Re 0.80/- Per Share—
5 Nov 2015DIVIDEND Interim Dividend - Rs 1.60/- Per Share—
23 Jul 2015DIVIDENDAnnual General Meeting/Dividend Re 0.70 Per Share—
21 Aug 2014DIVIDENDInterim Dividend - Rs.1.50/- Per Share—
11 Jul 2014DIVIDENDAnnual General Meeting / Final Dividend - Re 0.70/- Per Share—
5 Nov 2013DIVIDENDInterim Dividend Rs.1.10 Per Share—
27 Jun 2013DIVIDENDAnnual General Meeting And Final Dividend Re.0.60 Per Share—
31 Oct 2012DIVIDENDInterim Dividend Re. 1/- Per Share—
6 Jul 2012DIVIDENDAnnual General Meeting/Dividend Re 0.60 Per Share—
2 Nov 2011DIVIDENDInterim Dividend Re.0.90 Per Share—
14 Jul 2011DIVIDENDAnnual General Meeting And Dividend Re.0.60 Per Share—
21 Oct 2010DIVIDENDInterim Dividend-Re.0.90 Per Share—
2 Jul 2010DIVIDENDFinal Dividend-Re.0.40 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman