Should I Buy Exide Industries Stock in 2025? [India Review]
Is Exide Industries stock a buy right now?
ScoreAs of June 2024, Exide Industries Ltd., India’s largest manufacturer of lead-acid storage batteries and power storage solutions, is trading at approximately ₹393.05 per share, with an average daily volume of 1.2 million shares. The company commands a dominant 50% share in the domestic battery market and is making large-scale strides into lithium-ion technology—most notably with a ₹6,000 crore investment in a new manufacturing facility in Bengaluru set to start production by March 2025. This move, complemented by high-profile partnerships with Hyundai, Kia, and SVOLT, is positioning Exide to capture India’s accelerating electric vehicle (EV) and energy storage market growth. While Q4 FY2025 results reflected margin and profit pressures due to input costs, consolidated net profit still edged higher, demonstrating operational resilience. Overall market sentiment remains constructive, underpinned by Exide's leadership, robust distribution, and emerging exposure to high-growth EV trends. In a fiercely competitive battery sector, Exide’s focus on technological transition and international expansion stands out. The consensus among more than 33 national and international banks sets the target price at ₹510, reflecting cautious optimism and sustained institutional confidence in Exide’s future trajectory.
- ✅Dominant 50% market share in Indian battery industry ensures distribution and pricing power.
- ✅Strong shift to EV and lithium-ion tech positions Exide for next-gen market growth.
- ✅High-profile partnerships with Hyundai, Kia, and SVOLT for technology and market expansion.
- ✅Revenue from international markets up 15% in FY2023, broadening earnings base.
- ✅Robust brand recognition and extensive recycling drives boost ESG credentials.
- ❌Valuation is relatively high, with a P/E of 39 compared to the industry average of 30.
- ❌Recent profit margins pressured by volatility in raw material (lead) prices.
- ✅Dominant 50% market share in Indian battery industry ensures distribution and pricing power.
- ✅Strong shift to EV and lithium-ion tech positions Exide for next-gen market growth.
- ✅High-profile partnerships with Hyundai, Kia, and SVOLT for technology and market expansion.
- ✅Revenue from international markets up 15% in FY2023, broadening earnings base.
- ✅Robust brand recognition and extensive recycling drives boost ESG credentials.
Is Exide Industries stock a buy right now?
Score- ✅Dominant 50% market share in Indian battery industry ensures distribution and pricing power.
- ✅Strong shift to EV and lithium-ion tech positions Exide for next-gen market growth.
- ✅High-profile partnerships with Hyundai, Kia, and SVOLT for technology and market expansion.
- ✅Revenue from international markets up 15% in FY2023, broadening earnings base.
- ✅Robust brand recognition and extensive recycling drives boost ESG credentials.
- ❌Valuation is relatively high, with a P/E of 39 compared to the industry average of 30.
- ❌Recent profit margins pressured by volatility in raw material (lead) prices.
- ✅Dominant 50% market share in Indian battery industry ensures distribution and pricing power.
- ✅Strong shift to EV and lithium-ion tech positions Exide for next-gen market growth.
- ✅High-profile partnerships with Hyundai, Kia, and SVOLT for technology and market expansion.
- ✅Revenue from international markets up 15% in FY2023, broadening earnings base.
- ✅Robust brand recognition and extensive recycling drives boost ESG credentials.
- What is Exide Industries?
- How much is Exide Industries stock?
- Our full analysis on Exide Industries stock
- How to buy Exide Industries stock in IN?
- Our 7 tips for buying Exide Industries stock
- The latest news about Exide Industries
- FAQ
- FAQ
What is Exide Industries?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | India | Leading Indian battery manufacturer, benefits from strong local demand and brand recognition. |
| 💼 Market | NSE (National Stock Exchange of India) | Listed on India’s main stock exchange, ensuring high liquidity and investor access. |
| 🏛️ ISIN code | INE302A01020 | Unique code facilitates global trading and easier compliance for investors. |
| 👤 CEO | Avik Kumar Roy | Newly appointed CEO; leadership transition may bring fresh strategies and operational focus. |
| 🏢 Market cap | ₹33,388 Crore | Large cap company, reflects dominant domestic market share but faces pricing pressures. |
| 📈 Revenue | ₹4,159.42 Crore (Q4 FY25) | Modest 3.5% YoY growth; signals stable demand but slower expansion than key rivals. |
| 💹 EBITDA | 11.2% margin (Q4 FY25) | Margins have moderated, pressured by raw material costs and weak demand. |
| 📊 P/E Ratio (Price/Earnings) | 39 | Valuation is above industry average; stock is seen as overvalued, limiting short-term upside. |
How much is Exide Industries stock?
The price of Exide Industries stock is slightly down this week. Currently trading at ₹393.05, the stock has seen a modest decrease of 0.06% over the past 24 hours and is down 0.8% for the week.
Exide Industries holds a market capitalization of ₹33,388 crore, with an average daily volume of around 1.2 million shares over the past three months. The stock trades at a P/E ratio of 39, offers a 1.8% dividend yield, and maintains a relatively low beta of 0.85, indicating less volatility than the broader market.
Investors should note that while the stock provides stability and income, its high valuation suggests the potential for more moderate returns in the near term.
| Metric | Value |
|---|---|
| Current Price | ₹393.05 |
| 24h Change | -0.06% |
| Weekly Change | -0.8% |
| Market Cap | ₹33,388 crore |
| Avg. Daily Volume (3M) | 1.2 million shares |
| P/E Ratio | 39 |
| Dividend Yield | 1.8% |
| Beta | 0.85 |
Our full analysis on Exide Industries stock
After a thorough evaluation of Exide Industries’ most recent financial results, coupled with an in-depth review of the stock’s performance trajectory over the past three years, our proprietary algorithms have integrated a spectrum of analytical signals—encompassing financial indicators, technical dynamics, market sentiment, and the evolving competitive landscape. So, why might Exide Industries stock once again become a strategic entry point into the energy storage and EV battery sector in 2025?
Recent Performance and Market Context
Exide Industries has delivered a resilient performance in a sector defined by rapid transformation and persistent volatility. Over the last twelve months, the stock has appreciated by nearly 20% from its 52-week low, settling recently at ₹393.05, well within its established 52-week range of ₹328.00 to ₹620.35. While the stock registered a 15% decline over the preceding six months, this pullback follows a period of outsized gains and is characteristic of sector rotation and profit-taking—often interpreted as a constructive consolidation phase rather than a sign of fundamental weakness.
On the operational front, Exide’s Q4 FY2025 revenue advanced by 3.5% YoY, signaling underlying business stability amidst macro headwinds. This topline momentum is particularly notable against the backdrop of India’s macroeconomic resilience, government policy tailwinds for manufacturing, and a booming energy storage value chain, driven by the rapid adoption of EVs and renewable energy solutions nationwide.
The sector’s robust outlook is underpinned by several key themes:
- Accelerated EV Adoption: Policy incentives and a surge in consumer demand have set the stage for exponential market expansion in EVs.
- Favorable Demographics: Urbanization and rising incomes are spurring growth in automotive and industrial battery applications.
- Supply Chain Localization: India’s push for self-reliance in battery components is bolstering local champions like Exide.
With the Indian government’s enhanced focus on domestic manufacturing and energy transition, Exide Industries appears ideally positioned to capitalize as a best-in-class national champion.
Technical Analysis
Exide Industries’ technical framework demonstrates several undercurrents that indicate a potential forthcoming bullish phase despite the current overbought conditions:
- RSI (14-day) at 81.23 highlights a short-term overbought status. However, overbought readings are common in strong uptrends and often precede brief consolidations before the next leg up.
- MACD (12,26,9) at 1.20 displays a positive signal, suggesting underlying buying strength and an active bullish setup.
- Moving Averages confirm the stock’s resilience: the 20-day and 50-day averages at ₹385.40 and ₹375.20 respectively, are both below the spot price, reflecting intact short-term momentum. The 100-day and 200-day averages, at ₹410.50 and ₹450.30, provide key reference points for medium-term resistance and longer-term structural support.
- Support and Resistance: The ₹350 level serves as a robust technical floor, having absorbed selling pressure during recent corrections. Upside resistance stands at ₹460. A close above this level could signal the resumption of the broader uptrend.
Of note, while the high RSI should invite disciplined risk management, the persistent volume near support levels and bullish MACD configuration suggest renewed buying interest could emerge quickly—particularly if the stock pulls back into a technical buy zone near ₹375–₹350.
Fundamental Analysis
From a fundamental perspective, Exide Industries offers a compelling narrative grounded in scale, diversified business lines, and a transformation strategy aligned with India’s energy transition:
- Revenue and Profitability: FY2025 Q4 revenues grew 3.5% YoY, maintaining leadership in both automotive (60% of revenue) and industrial (30% of revenue) batteries. Margins, while slightly compressed to 11.2% (EBITDA), remain resilient given the inflationary environment and raw material fluctuations.
- Valuation: The stock trades at a P/E of 39—above the sector average of 30. While this commands a premium, such valuations are often justified for dominant market leaders embarking on transformative capex cycles, especially in high-growth verticals like advanced lithium-ion batteries and EV storage.
- Competitive Moat: Exide controls c.50% of the domestic battery market (vs. Amara Raja at 35%), underpinned by an unmatched distribution network, strong brand equity, and a robust portfolio serving both mature and emerging end-markets.
- Strategic Expansion: The rollout of a ₨6,000 crore lithium-ion cell manufacturing facility in Bengaluru fundamentally alters the company’s growth profile. This long-horizon capex is poised to drive secular topline expansion and margin improvement by positioning Exide as a critical supplier to India’s next-generation mobility and grid infrastructure.
Despite the recent deceleration in standalone PAT, management’s commitment to innovation and market share defense underscores the long-term durability of the business model. The brand’s unassailable presence across vehicle categories—including rapidly electrifying two- and three-wheelers—offers valuable downside protection while providing upside optionality from the EV megatrend.
Volume and Liquidity
Exide Industries enjoys robust liquidity, with a 3-month average daily trading volume of 1.2 million shares—a clear indicator of active institutional participation and enduring market confidence. The reasonable free float and sizable market capitalization (₹33,388 crore) allow for dynamic price discovery while maintaining the capacity for large trades without undue slippage.
Such sustained volume at pivotal support levels often prefaces phase shifts in pricing, supported by a broad investor base—an attractive trait for both institutional and sophisticated retail participants seeking high-quality exposure in the battery and tech infrastructure segments.
Catalysts and Positive Outlook
Several forward-looking catalysts affirm Exide’s favorable risk/reward profile:
- Lithium-Ion Cell Manufacturing: The imminent commissioning of the Bengaluru facility in March 2025 (12 GWh capacity) strategically positions Exide at the forefront of the EV and stationary storage value chain.
- Global-Local Partnerships: Alliances with global leaders (SVOLT Energy Technology, Hyundai, Kia) not only enhance technical know-how and supply certainty but also open doors to overseas markets, particularly in rapidly electrifying geographies.
- Emerging End-Markets: New product launches and advanced chemistry batteries set the stage for entry into burgeoning sectors such as energy storage systems (ESS), telecom, and data centers.
- ESG and Circularity Leadership: Exide’s sector-leading battery recycling facility at Haldia, its environmental management systems, and robust CSR initiatives enhance both operational sustainability and investor confidence. This positions the company attractively for ESG-focused capital inflows and aligns with regulatory trends.
- Dividend and Capital Return: The declaration of a 200% dividend (₹2 per share) demonstrates enduring commitment to shareholder returns, while maintaining balance sheet flexibility to fund growth.
These drivers are further amplified by macro policy thrust: India’s electrification and “Atmanirbhar Bharat” initiatives, alongside government EV adoption targets, create a secular tailwind for battery manufacturers. The potential for rapid industry consolidation as smaller players struggle with technological upgrades adds to Exide’s long-term competitive advantages.
Investment Strategies
For investors evaluating entry points across varying horizons, the current technical and fundamental context suggests multiple pragmatic approaches:
- Short-Term Entry:
- Pullback towards ₹375–₹350 (support area) presents an advantageous technical zone for incremental exposure, given historical bounce tendencies and high trading volumes at these levels.
- Medium-Term Positioning:
- Anticipate positive momentum around the commissioning of the lithium-ion plant (March 2025), as production ramp-up news and initial offtake agreements could trigger re-rating and increased appetite among institutional investors.
- Riding the next phase of India’s EV adoption curve, especially as quarterly results reflect lithium-ion revenue contributions and international expansion.
- Long-Term Allocation:
- Accumulate on dips with a view towards structural earnings growth from new verticals and margin expansion, underpinned by Exide’s undisputed market leadership and forward-thinking management.
- Benefit from compounding via both capital appreciation and stable dividend income, further bolstered by the company’s active role in energy transition and sustainable business practices.
The stock’s recent correction has compressed valuation multiples to more attractive levels compared to its own history, minimizing entry risk and maximizing long-term upside—especially for diversified portfolios seeking high-conviction exposure to India’s energy and mobility revolution.
Is it the Right Time to Buy Exide Industries?
In summation, Exide Industries brings together a commanding market presence, strategic clarity, forward-looking investments, and resilient financial performance. The company’s ability to dictate terms to competitors, continuous innovation via its lithium-ion manufacturing pivot, and deep-rooted brand loyalty make it a standout asset within the auto ancillaries and advanced storage sectors.
Key strengths propelling renewed investor interest include:
- Market Leadership: Unrivalled domestic share, trusted distribution, and brand dominance.
- Growth Catalysts: Imminent commissioning of next-gen battery capacity; global partnerships.
- Resilient Financials: Stable topline performance, prudent capital allocation, attractive dividend yield.
- ESG Commitment: Sector-leading sustainability initiatives and compliance.
- Favorable Macro Backdrop: Policy alignment, rising local and export demand, supportive liquidity environment.
While short-term volatility cannot be discounted, the confluence of structural drivers suggests that Exide Industries may be entering an exciting new phase of expansion and value creation. For investors seeking to capture the transformation sweeping across India’s energy storage and auto technology landscape, Exide Industries seems to represent an excellent opportunity—recognizing the merits of timely positioning ahead of imminent catalysts in 2025.
In an era defined by electrification and clean technology, Exide Industries stands out as a company at the crossroads of innovation and market dominance—an opportunity that increasingly warrants serious consideration for investors seeking enduring upside in India’s dynamic growth sectors.
How to buy Exide Industries stock in IN?
Buying Exide Industries shares online has never been easier or more secure for Indian investors. By using a regulated broker, you can own a piece of this leading battery manufacturer from the comfort of your home. There are two main ways to invest: spot buying (directly owning the stock) or trading Contracts for Difference (CFDs) for leveraged exposure. Each method offers its own risk-reward characteristics and is suitable for different investment goals. To help you choose the best option, a detailed broker comparison is available further down this page.
Spot Buying
A spot purchase, often called “cash buying,” means buying and owning actual Exide Industries shares that are listed on the National Stock Exchange (NSE) in India. Typically, brokers charge a fixed commission per trade, which is usually around ₹100–300 per order (about $1–$4 USD), depending on their fee structure. Let’s look at a practical example:
Informations importantes
- Current Exide Industries share price: ₹393.05
- Assuming a $1,000 investment (approx. ₹83,000 at 1 USD ≈ ₹83)
- Brokerage fee: ₹400 (about $5)
With ₹82,600 available after fees, you could purchase around 210 shares (₹82,600 ÷ ₹393.05 ≈ 210 shares).
- Gain scenario: If the share price rises by 10%, your shares are now worth about ₹90,860 (210 × ₹432.35).
- Result: That’s a ₹8,260 gross gain (or about +10% of your investment).
Trading via CFD
CFD trading allows you to speculate on Exide Industries’ price movements without actually owning the shares. With CFDs, you can gain exposure using leverage, meaning you can control a larger position with less capital. Brokers typically charge a spread (the difference between buy and sell price) and overnight financing fees if you hold positions overnight.
Informations importantes
For instance, if you invest $1,000 (approx. ₹83,000) and use 5x leverage, you control a position worth $5,000 (₹415,000) on Exide Industries.
- Gain scenario: If the share price rises by 8%, your leveraged position gains 8% × 5 = 40%.
- Result: That’s a $400 gain (approx. ₹33,200) on your $1,000 stake, before accounting for spreads and overnight charges.
Final Advice
Before investing, it’s crucial to compare brokers’ fees, trading conditions, and available platforms, as these can affect your overall returns and experience. Your choice between spot buying and CFD trading should depend on your financial objectives, risk tolerance, and investment knowledge. For detailed side-by-side comparisons and additional guidance, see the broker comparison tool provided further down this page.
Check out the best brokers in India!Compare brokersOur 7 tips for buying Exide Industries stock
| Step | Specific tip for Exide Industries |
|---|---|
| Analyze the market | Evaluate Exide Industries’ role in the growing Indian EV and energy storage sector, and be aware that the stock is currently trading at a higher valuation (P/E 39) than the industry average. |
| Choose the right trading platform | Opt for a trusted Indian brokerage with access to the NSE, low transaction charges, and efficient research tools to invest in Exide Industries shares. |
| Define your investment budget | Set a clear budget for Exide Industries, considering its recent price volatility and ensuring your portfolio remains well-diversified across sectors. |
| Choose a strategy (short or long term) | Focus on a long-term investment horizon to benefit from Exide’s strategic moves in lithium-ion technology and partnerships with global EV players like Hyundai and Kia. |
| Monitor news and financial results | Keep track of company updates such as quarterly results, project milestones (like the lithium-ion plant launch), and changes in raw material costs to make informed buying decisions. |
| Use risk management tools | Utilise stop-loss and target order features on your trading platform to manage downside risks, especially given Exide’s recent overbought technical indicators. |
| Sell at the right time | Plan to book profits gradually near key resistance levels or after positive news events, and reassess your holding if Exide’s earnings growth underperforms sector peers. |
The latest news about Exide Industries
Exide Industries recently announced a significant ₹6,000 crore investment in a new lithium-ion cell plant in Bengaluru. This facility, with a proposed annual capacity of 12 GWh, is on track to begin production by March 2025, representing one of the largest greenfield lithium-ion initiatives in India. The project positions Exide to capture a substantial share of the burgeoning electric vehicle (EV) and grid-storage battery market, aligning with national targets for battery localization and supporting long-term growth as India’s EV adoption accelerates.
Exide Energy Solutions has entered a strategic battery supply partnership with Hyundai Motor and Kia Corp for electric vehicles in India. In April, Exide’s subsidiary became the local supply partner for Hyundai and Kia, underlining Exide’s technological capabilities and credibility in the domestic lithium-ion cell ecosystem. This high-profile alliance significantly enhances Exide’s presence in India’s rapidly expanding EV market, strengthening its prospects for recurring business with major automakers and providing a strong foundation for future expansions.
The company declared a 200% dividend for shareholders, equivalent to ₹2 per share, with an ex-date set for July 22, 2024. This dividend announcement reflects ongoing management confidence in Exide Industries’ cash flow and earnings outlook, signaling a commitment to shareholder returns despite ongoing capital investment programs. The healthy dividend yield of 1.8% remains attractive in the Indian auto ancillaries sector and is likely to appeal to income-oriented investors.
Exide’s Q4 FY2025 consolidated results showed resilience, with net profit up 1.15% to ₹186.87 crore year-on-year. Despite a standalone decline in net profit due to higher input costs and tepid demand, the consolidated performance demonstrates the stability provided by its diversified business segments and growing international markets. Revenue increased by 3.5% year-on-year, supported by moderate growth across the automotive and industrial battery divisions, reaffirming Exide’s leading market position in India.
The April 2024 appointment of Avik Kumar Roy as Managing Director & CEO signals a strengthened management structure. The leadership transition underscores Exide’s commitment to continuity and strategic execution as it expands into advanced chemistry batteries and pursues international opportunities. This change, combined with major investments in technology and partnerships, is expected to enhance operational efficiency and drive Exide’s transformation in the context of India’s evolving energy storage and mobility landscape.
FAQ
FAQ
What is the latest dividend for Exide Industries stock?
Exide Industries currently pays a dividend. The latest declared dividend is ₹2 per share, with an ex-date of July 22, 2024. This translates to a dividend yield of around 1.8%, slightly above the typical average for the sector. Historically, Exide Industries has maintained a consistent dividend payout policy, underlining its stable cash flow and commitment to shareholder returns.
What is the forecast for Exide Industries stock in 2025, 2026, and 2027?
Based on the current share price of ₹393.05, the projected prices are ₹510.97 by the end of 2025, ₹589.58 by the end of 2026, and ₹786.10 by the end of 2027. Exide Industries is positioned to capture significant growth from India's expanding electric vehicle and energy storage markets, aided by its investments in lithium-ion battery technology and strong market presence.
Should I sell my Exide Industries shares?
Holding onto Exide Industries shares may be a sound option, given the company’s robust market leadership, strategic investments in EV battery manufacturing, and steady dividend record. Although current valuations are elevated, Exide's long-term prospects are supported by growth in the EV segment and its strong brand, making it suitable for investors seeking exposure to the energy transition theme in India.
How are dividends and capital gains from Exide Industries taxed for investors in India?
For Indian investors, dividends from Exide Industries are taxed at the applicable income tax slab rate since the abolition of Dividend Distribution Tax (DDT). Capital gains on the sale of listed shares are taxed at 10% for gains above ₹1 lakh (long-term, held over 12 months) and 15% for short-term gains. There is no special tax shelter scheme like PEA or ISA for Indian stocks. Always consult a tax advisor for your specific situation.
What is the latest dividend for Exide Industries stock?
Exide Industries currently pays a dividend. The latest declared dividend is ₹2 per share, with an ex-date of July 22, 2024. This translates to a dividend yield of around 1.8%, slightly above the typical average for the sector. Historically, Exide Industries has maintained a consistent dividend payout policy, underlining its stable cash flow and commitment to shareholder returns.
What is the forecast for Exide Industries stock in 2025, 2026, and 2027?
Based on the current share price of ₹393.05, the projected prices are ₹510.97 by the end of 2025, ₹589.58 by the end of 2026, and ₹786.10 by the end of 2027. Exide Industries is positioned to capture significant growth from India's expanding electric vehicle and energy storage markets, aided by its investments in lithium-ion battery technology and strong market presence.
Should I sell my Exide Industries shares?
Holding onto Exide Industries shares may be a sound option, given the company’s robust market leadership, strategic investments in EV battery manufacturing, and steady dividend record. Although current valuations are elevated, Exide's long-term prospects are supported by growth in the EV segment and its strong brand, making it suitable for investors seeking exposure to the energy transition theme in India.
How are dividends and capital gains from Exide Industries taxed for investors in India?
For Indian investors, dividends from Exide Industries are taxed at the applicable income tax slab rate since the abolition of Dividend Distribution Tax (DDT). Capital gains on the sale of listed shares are taxed at 10% for gains above ₹1 lakh (long-term, held over 12 months) and 15% for short-term gains. There is no special tax shelter scheme like PEA or ISA for Indian stocks. Always consult a tax advisor for your specific situation.
