Stock Price Movement and Market Context
On 2 Feb 2026, Exide Industries Ltd’s share price reached an intraday low of Rs.310.25, down 2.07% from the previous close. This decline occurred despite the broader market’s positive trajectory, with the Sensex recovering sharply after an initial negative opening. The benchmark index rose by 558.73 points, or 0.48%, to trade at 81,114.41, supported primarily by mega-cap stocks. However, Exide underperformed its sector by 0.4% on the day, continuing a trend of relative weakness.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward pressure. This technical positioning underscores the stock’s struggle to regain positive momentum in the near term.
Long-Term Performance and Valuation Metrics
Over the past year, Exide Industries Ltd has delivered a total return of -18.17%, significantly lagging behind the Sensex’s 4.59% gain during the same period. The stock’s 52-week high was Rs.430.85, indicating a substantial decline of approximately 28% from its peak. This underperformance is notable given the broader market’s positive returns and the BSE500’s 4.51% gain over the last 12 months.
Financially, the company’s long-term growth has been modest. Net sales have increased at an annualised rate of 6.40% over the past five years, while operating profit growth has been even more subdued at 5.55%. The return on capital employed (ROCE) for the half-year ended recently stood at a low 8.11%, reflecting limited efficiency in generating returns from invested capital.
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Financial Health and Institutional Holdings
Exide Industries maintains a conservative capital structure, with an average debt-to-equity ratio of just 0.03 times, indicating minimal reliance on debt financing. The company’s return on equity (ROE) stands at 5.4%, which, combined with a price-to-book value ratio of 1.8, suggests a fair valuation relative to its asset base. However, this valuation is at a premium compared to the average historical valuations of its peers within the Auto Components & Equipments sector.
Profit growth over the past year has been modest, with a 5.1% increase in profits despite the stock’s negative price performance. The company’s price/earnings to growth (PEG) ratio is elevated at 6.4, reflecting a disparity between earnings growth and market valuation.
Institutional investors hold a significant stake in Exide Industries, with 29.63% of shares owned by such entities. This level of institutional holding indicates a degree of confidence in the company’s fundamentals from investors with extensive analytical resources.
Sector and Market Comparison
Within the Auto Components & Equipments sector, Exide Industries’ recent performance contrasts with the broader market’s resilience. While the Sensex is trading below its 50-day moving average, the 50-day average remains above the 200-day average, signalling an overall positive medium-term trend for the market. Mega-cap stocks have been leading gains, whereas Exide, classified as a mid-cap stock, has lagged behind.
The company’s Mojo Score currently stands at 41.0, with a Mojo Grade of Sell, an improvement from a previous Strong Sell rating as of 22 Dec 2025. The market capitalisation grade is low at 2, reflecting the stock’s relative size and liquidity considerations.
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Summary of Key Metrics
To summarise, Exide Industries Ltd’s stock has declined to Rs.310.25, its lowest level in the past 52 weeks, reflecting a combination of subdued growth, valuation premiums, and relative underperformance against the broader market and sector peers. The company’s financial indicators, including modest sales and profit growth, low ROCE, and fair ROE, provide a comprehensive picture of its current standing.
Despite the stock’s recent weakness, the company’s low leverage and significant institutional ownership highlight a stable financial foundation. However, the elevated PEG ratio and premium valuation relative to peers suggest that the market is pricing in expectations that have yet to materialise in the company’s financial results.
Technical and Market Positioning
Technically, the stock’s position below all major moving averages indicates a cautious market sentiment. The two-day consecutive decline and underperformance relative to the sector highlight ongoing challenges in regaining investor confidence. Meanwhile, the broader market’s positive movement, led by mega-cap stocks, contrasts with Exide’s subdued performance, underscoring the stock’s current relative weakness within the Auto Components & Equipments sector.
Conclusion
Exide Industries Ltd’s fall to a 52-week low of Rs.310.25 marks a notable point in its recent trading history, reflecting a complex interplay of valuation, growth, and market dynamics. The stock’s performance over the past year, combined with its financial metrics and market positioning, provides a detailed context for understanding its current status within the Indian equity market.
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