Powered by: Motilal Oswal

News

Exide Industries invests over Rs 100 crore in subsidiary making advanced chemistry batteries utomotive battery major Exide Industries Ltd on Friday said it has invested just over Rs 100 crore in its wholly-owned battery cell making subsidiary Exide Energy Solutions Ltd (EESL). In a regulatory filing Exide Industries said it has invested just over Rs.100 crore (Rs 100,00,00, 015 - Rupees One hundred crore and fifteen only) by way subscribing to the rights issue of EESL. The Rs 374.40 crore equity based EESL is into manufacturing battery cells of advanced chemistry as well as man...
Exide Industries invests over Rs 100 crore in subsidiary making advanced chemistry batteries
Exide Industries invests over Rs 100 crore in subsidiary making advanced chemistry batteries
Source: IANS
8/09/2023 7:46:28 PM
Exide Industries moves up on investing Rs 1 crore in Exide Energy Solutions Exide Industries is currently trading at Rs. 274.75, up by 0.70 points or 0.26% from its previous closing of Rs. 274.05 on the BSE. The scrip opened at Rs. 276.60 and has touched a high and low of Rs. 277.00 and Rs. 272.40 respectively. So far 86606 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 277.00 on 08-Sep-2023 and a 52 week low of Rs. 152.75 on 26-Sep-2022. Last one week high and low of the scrip stood a...
Exide Industries moves up on investing Rs 1 crore in Exide Energy Solutions
Exide Industries moves up on investing Rs 1 crore in Exide Energy Solutions
Source: Accord Fintech
8/09/2023 12:08:15 PM
Stock Picks : Exide Industries Ltd And REC (RURELE) Ltd By ICICI Direct Exide Industries Ltd Buy Exide Industries Ltd @265.00-265.50; Target 268.80; Stop Loss 263.60   REC (RURELE) Ltd  Buy REC (RURELE) Ltd  @239.80-240.50; Target 236.50; Stop Loss 242.60     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above view...
Stock Picks : Exide Industries Ltd And REC (RURELE) Ltd By ICICI Direct
Stock Picks : Exide Industries Ltd And REC (RURELE) Ltd By ICICI Direct
Source: ICICI Direct
1/09/2023 10:50:50 AM
Buy Exide Industries Ltd For Target Rs.335 - ICICI Direct Charge it up, Li-On cell manufacturing-structurally positive … About the stock: Exide Industries (EIL) is a part of the duopolistic organised Indian lead acid battery market with a presence across automotive & industrial applications. It also has dual presence in Li-On battery space through assembly operations (1.5 GwH, Nexcharge) & Li-On Cell manufacturing venture in technical collaboration with SVOLT (6 GwH, commissioning in CY25E) • Segment mix: automotive sales -...
Buy Exide Industries Ltd For Target Rs.335 - ICICI Direct
Buy Exide Industries Ltd For Target Rs.335 - ICICI Direct
Source: ICICI Direct
13/08/2023 9:39:07 AM
Exide Industries surges on eyeing to regain pre-covid EBITDA margin in next one to two years Exide Industries is currently trading at Rs. 264.00, up by 2.90 points or 1.11% from its previous closing of Rs. 261.10 on the BSE. The scrip opened at Rs. 261.40 and has touched a high and low of Rs. 264.40 and Rs. 258.85 respectively. So far 86850 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 266.50 on 01-Aug-2023 and a 52 week low of Rs. 152.55 on 23-Aug-2022. Last one week high and low of the scrip stood a...
Exide Industries surges on eyeing to regain pre-covid EBITDA margin in next one to two years
Exide Industries surges on eyeing to regain pre-covid EBITDA margin in next one to two years
Source: Accord Fintech
9/08/2023 4:04:25 PM
Stock of the day : Buy Exide Industries Ltd For Target Rs. 278 - Religare Broking Ltd Exide Industries Ltd * Exide inds has been trading in a steady uptrend for the last four months with rising volumes. * The stock has witnessed a decisive breakout from the base while holding above the support zone of short term moving average i.e. 20 EMA. * The chart pattern combined with indications from the oscillators suggests bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone.   Buy Exide Industries Ltd CMP 262.95; Rang...
Stock of the day : Buy Exide Industries Ltd For Target Rs. 278 - Religare Broking Ltd
Stock of the day : Buy Exide Industries Ltd For Target Rs. 278 - Religare Broking Ltd
Source: Religare Broking Ltd
2/08/2023 10:58:18 AM
Buy Exide Industries Ltd For Target Rs.235 - Yes Securities EXID’s 4QFY23 results was a weak as EBITDA/Adj.PAT missed our/street estimates by 12-18%. This was led by weak gross margins at 29.8% (-240bp QoQ, est 31.3%) impacting EBITDA margins, which came in at 10.4% (-140bp QoQ, est 11.9%). The management indicated ~2% margins impact as RM basket increased ~4% QoQ. However, going ahead led by digital, cost control initiatives and RM decline, margins are expected to expand. Moderate growth in revenues at 4% YoY and QoQ was explained by higher gro...
Buy Exide Industries Ltd For Target Rs.235 - Yes Securities
Buy Exide Industries Ltd For Target Rs.235 - Yes Securities
Source: Yes Securities Ltd
24/05/2023 2:08:19 PM
Buy Exide Industries Ltd For Target Rs.229 by Religare Broking Subdued revenue growth: Exide Industries’ Q4FY23 performance was below our estimates as it revenue from operations came in at Rs 3,543 Cr increased by 3.7% YoY and 4% QoQ, however it ended the financial year on strong note as its revenue grew by 17.6% to Rs 14,592 Cr. It witnessed decent volumes as the demand scenario in the Auto industry was quite robust. Besides, its Industrial services segment benefitted from continued capex activities from Solar, Telecom and Industrial UPS sectors. ...
Buy Exide Industries Ltd For Target Rs.229 by Religare Broking
Buy Exide Industries Ltd For Target Rs.229 by Religare Broking
Source: Religare Broking Ltd
16/05/2023 11:38:07 AM
India`s Exide Industries misses Q4 profit view on high costs Indian lead-acid battery maker Exide Industries Ltd reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide's net profit after tax was at 2.08 billion rupees ($25.45 million) for the quarter ended March 31, while analysts on average expected a profit of 2.52 billion rupees, according to Refinitiv IBES data. The company's 41.20 billion rupees net profit after tax from a year earlier had included a one-time gain from the sale of Exide...
India`s Exide Industries misses Q4 profit view on high costs
India`s Exide Industries misses Q4 profit view on high costs
Source: Reuters
8/05/2023 2:50:43 PM
Exide Industries jumps on subscribing stake in Ulric Renewables Exide Industries is currently trading at Rs. 184.95, up by 3.65 points or 2.01% from its previous closing of Rs. 181.30 on the BSE. The scrip opened at Rs. 179.05 and has touched a high and low of Rs. 185.75 and Rs. 179.05 respectively. So far 70535 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 194.20 on 09-Dec-2022 and a 52 week low of Rs. 130.30 on 20-Jun-2022. Last one week high and low of the scrip stood a...
Exide Industries jumps on subscribing stake in Ulric Renewables
Exide Industries jumps on subscribing stake in Ulric Renewables
Source: Accord Fintech
11/04/2023 3:31:51 PM
Buy Exide Industries Limited For Target Rs.229 - Religare Broking Mixed quarter; EV battery demand to drive growth Decent revenue growth: Exide Industries reported its Q3 revenue at Rs 3,405 Cr registering a growth of 6.5% YoY. The growth in the automotive segment was led by decent demand from replacement markets while there was stable demand across industrial verticals which include Railways, Telecom and Solar projects. Mixed trend is expenditure: The overall expense during the quarter stood at 88.2% of the net sales of which 67.8% accounted fo...
Buy Exide Industries Limited For Target Rs.229 - Religare Broking
Buy Exide Industries Limited For Target Rs.229 - Religare Broking
Source: Religare Broking Ltd
31/01/2023 12:07:53 PM
Buy Exide Industries Ltd For Target Rs.201 - Yes Securities Gains on gross margins offset by higher other expense Valuation and View   EXID’s 2QFY23 results were weak with revenue/EBITDA/adj. PAT beat of 6?7% to our estimates. However, gross margins came in better at 30.5% (est 28.6%, +260bp QoQ/ ? 230bp YoY). This was led by by QoQ decline in lead prices as well as price increases. We believe with recent correction in lead price (~10% decline in 1HFY23) to positively impact margins ahead, however, partially be offset by INR...
Buy Exide Industries Ltd For Target Rs.201 - Yes Securities
Buy Exide Industries Ltd For Target Rs.201 - Yes Securities
Source: Yes Securities Ltd
2/12/2022 11:46:02 AM
Hold Exide Industries Ltd For Target Rs.190 - Emkay Global Financial Services Q2 EBITDA misses estimate Exide’s Q2FY23 revenue grew 13% YoY (3-yr CAGR at 13%) to Rs37.2bn, in sync with our estimates. EBITDA was flat YoY (3-yr CAGR at 4%) at Rs4.1bn, missing our estimate by 4% due to higher other expenses. QoQ, EBITDA margin expanded by 120bps, mainly owing to price increases and lower cost of lead. Factoring-in better revenue, margin and other income assumptions, we increase our FY23-25E EPS by 5- 9%. Despite losing out in the PLI-ACC scheme, EXID plans to set...
Hold Exide Industries Ltd For Target Rs.190 - Emkay Global Financial Services
Hold Exide Industries Ltd For Target Rs.190 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd.
19/11/2022 11:29:36 AM
Exide Industries rises on investing Rs 25 crore in Exide Leclanche Energy Exide Industries is currently trading at Rs. 156.60, up by 0.70 points or 0.45% from its previous closing of Rs. 155.90 on the BSE. The scrip opened at Rs. 155.80 and has touched a high and low of Rs. 157.20 and Rs. 154.55 respectively. So far 111166 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 185.50 on 10-Nov-2021 and a 52 week low of Rs. 130.30 on 20-Jun-2022. Last one week high and low of the scrip stood ...
Exide Industries rises on investing Rs 25 crore in Exide Leclanche Energy
Exide Industries rises on investing Rs 25 crore in Exide Leclanche Energy
Source: Accord Fintech
20/10/2022 3:24:54 PM
HDFC Life Insurance rises on getting nod to merge Exide Industries arm with itselfs HDFC Life Insurance Co is currently trading at Rs. 549.55, up by 2.90 points or 0.53% from its previous closing of Rs. 546.65 on the BSE. The scrip opened at Rs. 552.90 and has touched a high and low of Rs. 556.65 and Rs. 543.00 respectively. So far 1985245 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 759.60 on 17-Sep-2021 and a 52 week low of Rs. 497.30 on 08-Mar-2022. Last one week high and low of the scri...
HDFC Life Insurance rises on getting nod to merge Exide Industries arm with itselfs
HDFC Life Insurance rises on getting nod to merge Exide Industries arm with itselfs
Source: Accord Fintech
19/09/2022 2:31:57 PM
Buy Exide Industries Ltd For Target Rs.200 - Motilal Oswal Financial Services All-round beat powered by strong revenue growth Acquires 80-acre land in Karnataka to manufacture Li-ion cell * Exide (EXID)’s robust 1QFY23 performance was driven by strong revenue growth in both automotive and industrial segments. We expect a sustained recovery led by OEM revival and aftermarket growth, with a continuous shift from the unorganized to the organized segments. * We maintain our EPS estimates and BUY rating on the stock Operating leverage partially offsets RM cos...
Buy Exide Industries Ltd For Target Rs.200 - Motilal Oswal Financial Services
Buy Exide Industries Ltd For Target Rs.200 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
13/09/2022 12:16:59 PM
Buy Exide Industries Ltd For Target Rs.187- Yes Securities Mixed – strong revenue beat, miss on margins Valuation and View – Margins to expand QoQ    EXID’s 1QFY23 results were better with revenue/EBITDA/adj. PAT beat of 19%/4%/12% to our estimates. However, EBITDA margins contracted for the 3rd consecutive quarter QoQ by ~30bp to multi quarter low at 9.9%. This was led by continuous pressure on gross margins which came in at ~27.9% (partly led by RM inflation and inferior product mix). We believe with recent co...
Buy Exide Industries Ltd For Target Rs.187- Yes Securities
Buy Exide Industries Ltd For Target Rs.187- Yes Securities
Source: Yes Securities Ltd
23/08/2022 2:50:28 PM
Small Cap : Buy Exide Industries Ltd For Target Rs. 226 - Geojit Financial Services Superior product mix and cost optimization Exide Industries Limited (EIL) is a market leader in storage batteries in India, with a 60% market share. Its segment includes automotive & industrial batteries and it controls 86 percent of the 2W market • Revenue increased by 57% YoY in Q1FY23, primarily to a lower base & strong growth from the Aftermarket, UPS and Solar segments. • Despite an increase in the lead price for the quarter, stringent cost control measure has ...
Small Cap : Buy Exide Industries Ltd For Target Rs. 226 - Geojit Financial Services
Small Cap : Buy Exide Industries Ltd For Target Rs. 226 - Geojit Financial Services
Source: Geojit Financial Services Ltd
11/08/2022 3:30:42 PM
Exide Inds. Q1 net profit jumps 80.47% at Rs 226.34 cr The company reported standalone net profit of Rs 226.34 crore for the quarter ended June 30, 2022 as compared to Rs 125.42 crore in the same period last year, registering a year-on-year growth of 80.47 per cent. Net revenue of the company rose substantially by 56.83 per cent at Rs 3,899.38 crore in April-June quarter of this fiscal as against Rs 2,486.40 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 57.82 per cent to Rs 3,512.74 cro...
Exide Inds. Q1 net profit jumps 80.47% at Rs 226.34 cr
Exide Inds. Q1 net profit jumps 80.47% at Rs 226.34 cr
Source: Dion Global Solutions Ltd
29/07/2022 5:02:23 PM
Exide Industries trades in green as its arm inks lease cum sale agreement with KIADB Exide Industries is currently trading at Rs. 156.40, up by 0.30 points or 0.19% from its previous closing of Rs. 156.10 on the BSE. The scrip opened at Rs. 157.50 and has touched a high and low of Rs. 158.00 and Rs. 155.00 respectively. So far 125334 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 202.95 on 03-Sep-2021 and a 52 week low of Rs. 130.30 on 20-Jun-2022. Last one week high and low of the scrip stood ...
Exide Industries trades in green as its arm inks lease cum sale agreement with KIADB
Exide Industries trades in green as its arm inks lease cum sale agreement with KIADB
Source: Accord Fintech
28/07/2022 11:13:46 AM
Buy Exide Industries Ltd For Target Rs.229 - Religare Broking Going strong Exide Industries (Exide) is India’s largest lead-acid storage battery manufacturer in India. It is the market leader in all automotive applications in the domestic market. Its battery portfolio spans 2/3/4 wheelers, e-rickshaws, inverters, gensets and home UPS systems. In the industrial segment, it provides reliable energy storage solutions to all industrial applications. It caters to all the leading OEMs and marquee players in the industrial segment. It also manufactur...
Buy Exide Industries Ltd For Target Rs.229 - Religare Broking
Buy Exide Industries Ltd For Target Rs.229 - Religare Broking
Source: Religare Broking Ltd
27/06/2022 11:42:27 AM
Exide Industries trades higher on the BSE Exide Industries is currently trading at Rs. 149.30, up by 2.95 points or 2.02% from its previous closing of Rs. 146.35 on the BSE. The scrip opened at Rs. 148.00 and has touched a high and low of Rs. 149.60 and Rs. 143.50 respectively. So far 275127 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 202.95 on 03-Sep-2021 and a 52 week low of Rs. 139.30 on 07-Mar-2022. Last one week high and low of the scrip stood ...
Exide Industries trades higher on the BSE
Exide Industries trades higher on the BSE
Source: Accord Fintech
9/05/2022 2:22:08 PM
High Conviction Idea - Buy Exide Industries Ltd For Target Rs.229 - Religare Broking High Conviction Idea - Exide Industries Ltd. Exide Industries (Exide) reported healthy revenue growth of 16% YoY, however, margins contracted mainly due to higher input prices. The revenue growth was largely volume-driven in both the automotive and industrial verticals. However, margins missed our estimate as it contracted by 379bps YoY at 10.2% due to higher raw material cost which resulted in EBITDA decline of 15.4% YoY. Adjusted PAT declined by 7.8% YoY to Rs. 225 cr. We believe the ...
High Conviction Idea - Buy Exide Industries Ltd For Target Rs.229 - Religare Broking
High Conviction Idea - Buy Exide Industries Ltd For Target Rs.229 - Religare Broking
Source: Religare Broking Ltd
9/05/2022 11:11:43 AM
Buy Exide Industries Ltd For Target Rs.189 - Yes Securities RM inflation overshadow acute cost control Valuation and View – Near-term margins headwinds to continue EXID’s 4QFY22 results were mixed where revenue outperformance continued with ~7% QoQ growth (v/s flat growth expected). However, margins contracted steeply QoQ by ~140bp to 10.2% (est 10.6%, cons 11.6%), led by RM inflation (gross margin contracted ~300bp QoQ to lowest at 28%). Sharp RM inflation in the recent pat has overshadowed the tight cost control with aggregate othe...
Buy Exide Industries Ltd For Target Rs.189 - Yes Securities
Buy Exide Industries Ltd For Target Rs.189 - Yes Securities
Source: Yes Securities Ltd
6/05/2022 11:26:03 AM
Exide Industries zooms on entering into agreement with SVOLT Energy Technology Exide Industries is currently trading at Rs. 150.95, up by 2.95 points or 1.99% from its previous closing of Rs. 148.00 on the BSE. The scrip opened at Rs. 151.90 and has touched a high and low of Rs. 153.70 and Rs. 149.95 respectively. So far 354694 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 206.10 on 10-Mar-2021 and a 52 week low of Rs. 139.30 on 07-Mar-2022. Last one week high and low of the scrip stood ...
Exide Industries zooms on entering into agreement with SVOLT Energy Technology
Exide Industries zooms on entering into agreement with SVOLT Energy Technology
Source: IANS
10/03/2022 2:44:59 PM
Add Exide Industries Ltd For Target Rs.191 - Yes Securities Significant EV foray is critical to stay on course Valuation and View EXIDE 3QFY22 result was operationally in line with margins at 11.7% (‐90bp QoQ). This has come on the back of operating leverage and cost control offsetting the impact of RM inflation, which has resulted in ~10 years low gross margins at 31%. While, OEM demand sentiments remained mix during the quarter, there was significant pickup in replacement and UPS batteries demand. Going forward, we believe steady growth in rep...
Add Exide Industries Ltd For Target Rs.191 - Yes Securities
Add Exide Industries Ltd For Target Rs.191 - Yes Securities
Source: Yes Securities Ltd
12/02/2022 9:32:27 AM
Stock Picks - Siemens Ltd and Exide Industries​​​​​​​ Ltd By ICICI Direct Siemens Buy Siemens Ltd @ 2476.00-2482.00 CMP 2487.25 TGT 2517.00 SL 2457.70   Exide Industries Sell Exide Industries Ltd @ 163.50-164.00 CMP 163.70 TGT 160.70 SL 165.40   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & acade...
Stock Picks - Siemens Ltd and Exide Industries​​​​​​​ Ltd By ICICI Direct
Stock Picks - Siemens Ltd and Exide Industries​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
17/12/2021 11:10:32 AM
Stock Picks - Bharti Airtel Ltd and Exide Industries Ltd By ICICI Direct Bharti Airtel Buy Bharti Airtel Ltd @ 735.00-737.00 CMP 741.10 TGT 751.00 SL 728.80   Exide Industries Sell Exide Industries Ltd @ 169.00-170.00 CMP 169.45 TGT 167.70 SL 171.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information & aca...
Stock Picks - Bharti Airtel Ltd and Exide Industries Ltd By ICICI Direct
Stock Picks - Bharti Airtel Ltd and Exide Industries Ltd By ICICI Direct
Source: ICICI Direct
23/11/2021 11:23:53 AM
Buy Exide Industries Ltd For Target Rs. 229 - Religare Broking Going strong Exide Industries (Exide) is India’s largest lead-acid storage battery manufacturer in India. It is the market leader in all automotive applications in the domestic market. Its battery portfolio spans 2/3/4 wheelers, e-rickshaws, inverters, gensets and home UPS systems. In the industrial segment, it provides reliable energy storage solutions to all industrial applications. It caters to all the leading OEMs and marquee players in the industrial segment. It also manufacture...
Buy Exide Industries Ltd For Target Rs. 229 - Religare Broking
Buy Exide Industries Ltd For Target Rs. 229 - Religare Broking
Source: Religare Broking
2/08/2021 11:37:25 AM
Buy Exide Industries Limited Target Rs. 184 - Religare Broking Derivative Ideas EXIDEIND FUTS added around 12% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in EXIDEIND in cash as per below levels. Strategy:- BUY EXIDEIND BETWEEN 175-176 STOPLOSS 172 TARGET 184.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 ...
Buy Exide Industries Limited Target Rs. 184 - Religare Broking
Buy Exide Industries Limited Target Rs. 184 - Religare Broking
Source: Religare Broking Ltd
2/08/2021 11:14:36 AM
Stock Picks - Hindustan Unilever Ltd and Exide Industries​​​​​​​ Ltd By ICICI Direct Hindustan Unilever Ltd Buy Hindustan Unilever Ltd @ 2400.00-2406.00 CMP 2409.05 TGT 2440.00 SL 2383.80   Exide Industries Buy Exide Industries​​​​​​​ Ltd @ 191.00-191.50 CMP 191.40 TGT 189.30 SL 193.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all partici...
Stock Picks - Hindustan Unilever Ltd and Exide Industries​​​​​​​ Ltd By ICICI Direct
Stock Picks - Hindustan Unilever Ltd and Exide Industries​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
17/06/2021 12:26:16 PM
Buy Exide Industries Ltd For Target Rs.220 - Motilal Oswal Above est.; strong revenue growth drives beat Captive smelters dilute higher lead prices * Exide (EXID)’s 4QFY21 performance was driven by all-round strong growth. We expect strength in the aftermarket to continue with the shift from the unorganized to the organized segment, whereas FY22 would see cyclical recovery in demand from the OEM segment. * We largely maintain our earnings estimate. Maintain Buy, with TP of ~INR220/share (~15x FY23 EPS + INR25/share for the Insurance bu...
Buy Exide Industries Ltd For Target Rs.220 - Motilal Oswal
Buy Exide Industries Ltd For Target Rs.220 - Motilal Oswal
Source: ICICI Securities Ltd
7/05/2021 10:46:56 AM
Mid Cap : Buy Exide Industries Ltd For Target Rs. 217 - Geojit Financial Superior product mix and cost optimization Exide Industries Limited (EIL) is a leader in storage battery business with a market share of 60% in India. Its segment includes automotive & industrial batteries and holds 86% market share in the 2W space. * Q4FY21 revenue grew by 43%YoY primarily due to lower base and strong growth from the Aftermarket & UPS segment. * As a result, EBITDA margin expanded by 90bps. Despite 20% increase in the lead price for the quarter stringent cos...
Mid Cap : Buy Exide Industries Ltd For Target Rs. 217 - Geojit Financial
Mid Cap : Buy Exide Industries Ltd For Target Rs. 217 - Geojit Financial
Source: Geojit Financial Services Ltd
6/05/2021 9:47:54 AM
Hold Exide Industries Ltd For Target Rs.200 - Emkay Global Uncertain times ahead; Maintain Hold * Q4FY21 revenues were in line at Rs29bn. EBITDA margin came in at 14% (est.: 12.8%), above estimates, due to lower-than-expected RM and employee expenses. Despite better scale, we expect margins to remain in range of 13-14% ahead, owing to cost pressures and adverse mix. * Replacement segment growth should normalize to single-digits from H2FY22. Driven by tapering growth in the replacement segment and upsurge in the OEM segment, product mix is likel...
Hold Exide Industries Ltd For Target Rs.200 - Emkay Global
Hold Exide Industries Ltd For Target Rs.200 - Emkay Global
Source: Emkay Global Financial Services Ltd
4/05/2021 10:34:05 AM
Exide Industries Q4 net profit jumps 45.31% at Rs 244.12 cr The company reported standalone net profit of Rs 244.12 crore for the quarter ended March 31, 2021 as compared to Rs 168.00 crore in the same period last year, registering a year-on-year growth of 45.31 per cent. Net revenue of the company rose substantially by 43.00 per cent at Rs 2,938.84 crore in January-March quarter of this fiscal as against Rs 2,055.09 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 41.55 per cent to Rs 2,526...
Exide Industries Q4 net profit jumps 45.31% at Rs 244.12 cr
Exide Industries Q4 net profit jumps 45.31% at Rs 244.12 cr
Source: Dion Global Solutions Ltd
30/04/2021 11:10:39 AM
Mid Cap : Buy Exide Industries Ltd For Target Rs.264 - Geojit Financial Innovation & leadership to drive growth.. Exide Industries Limited (EIL) is a leader in storage battery business with a market share of 60% in India. Its segment includes automotive & industrial batteries and holds 86% market share in the 2W space. * Amid challenging business environment, Exide posted a revenue growth of 16%YoY led by pend up demand from the Auto manufactures & strong aftermarket sales * EBITDA was above estimates, at Rs.403cr (23% YoY) with margin of 14...
Mid Cap : Buy Exide Industries Ltd For Target Rs.264 - Geojit Financial
Mid Cap : Buy Exide Industries Ltd For Target Rs.264 - Geojit Financial
Source: Geojit Financial Services Ltd
9/02/2021 10:19:52 AM
Quant Pick - Buy Exide Industries Ltd For Target Of Rs. 230 - ICICI Direct Derivatives and Quantitative Outlook… * Broader markets have started recovering post the announcement of Union Budget 2021. In the midcap space, stocks like Exide Industries accumulated significant long positions in the last couple of months. It is likely to continue its upward bias in the near term * The open interest in Exide Industries has been gradually increasing in the last couple of months as the stock exceeded its major hurdle of | 175 in the November series. Since then, ...
Quant Pick - Buy Exide Industries Ltd For Target Of Rs. 230 - ICICI Direct
Quant Pick - Buy Exide Industries Ltd For Target Of Rs. 230 - ICICI Direct
Source: ICICI Direct
3/02/2021 12:38:25 PM