Exide Industries Ltd Stock Falls to 52-Week Low of Rs.321.2

Stock Price Movement and Market Context

On 27 Jan 2026, Exide Industries Ltd’s share price slipped to Rs.321.2, the lowest level recorded in the past year. This decline comes after two consecutive days of losses, with the stock falling by 2.81% over this period. The stock’s performance today also lagged behind the Auto Components & Equipments sector, underperforming by 0.46%. Notably, Exide Industries is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish momentum.

In contrast, the broader market showed resilience on the same day. The Sensex, after opening 100.91 points lower, rebounded to close 282.25 points higher at 81,719.04, a gain of 0.22%. While the Sensex remains below its 50-day moving average, the 50-day average itself is positioned above the 200-day average, indicating a cautiously positive medium-term trend. Mega-cap stocks led the market rally, highlighting a divergence between large-cap strength and mid-cap weakness.

Financial Performance and Growth Trends

Exide Industries’ financial results have contributed to the subdued investor sentiment. Over the last five years, the company’s net sales have grown at a modest annual rate of 5.12%, while operating profit has increased at 7.92% annually. These growth rates are relatively modest within the Auto Components & Equipments sector, where peers have often demonstrated stronger expansion.

The company’s recent quarterly results further illustrate the challenges faced. Profit Before Tax excluding other income (PBT LESS OI) for the quarter stood at Rs.199.67 crore, representing a decline of 28.7% compared to the average of the previous four quarters. Similarly, Profit After Tax (PAT) fell by 18.9% to Rs.171.94 crore over the same period. The half-year Return on Capital Employed (ROCE) was recorded at 8.11%, the lowest level in recent periods, while the Return on Equity (ROE) remains subdued at 5.4%.

Valuation and Comparative Performance

Exide Industries currently trades at a Price to Book Value (P/BV) of 1.9, which is considered expensive relative to its peers’ historical averages. This premium valuation is notable given the company’s modest returns and recent profit declines. The stock’s one-year total return stands at -6.45%, significantly underperforming the Sensex, which has delivered an 8.43% gain over the same period. Furthermore, the BSE500 index has generated returns of 8.56% in the past year, underscoring Exide’s relative underperformance within the broader market.

The company’s market capitalisation grade is rated at 2, reflecting its mid-cap status, while its overall Mojo Score is 30.0 with a Mojo Grade of Sell. This represents a downgrade from a previous Strong Sell rating as of 22 Dec 2025, indicating a slight improvement in sentiment but continued caution.

Balance Sheet and Shareholding Structure

On the balance sheet front, Exide Industries maintains a low average Debt to Equity ratio of 0.03 times, suggesting a conservative capital structure with limited leverage. This low debt level may provide some financial flexibility despite the current earnings pressures.

Institutional investors hold a significant stake in the company, with 29.63% of shares owned by such entities. This level of institutional holding indicates that well-resourced investors continue to monitor the company’s fundamentals closely, despite the recent price weakness.

Historical Price Range and Market Position

Exide Industries’ 52-week high was Rs.430.85, indicating a price decline of approximately 25.4% from the peak to the current 52-week low of Rs.321.2. This wide range highlights the volatility experienced by the stock over the past year. The company operates within the Auto Components & Equipments sector, which has seen mixed performance, with some indices such as NIFTY MEDIA and NIFTY REALTY also hitting 52-week lows on the same day.

Despite the recent price weakness, the company’s low leverage and sizeable institutional ownership provide a degree of stability. However, the subdued growth rates and declining profitability metrics have weighed on the stock’s market performance and valuation.

Summary of Key Metrics

To summarise, Exide Industries Ltd’s key financial and market metrics as of 27 Jan 2026 are:

• New 52-week low price: Rs.321.2


• One-year stock return: -6.45%


• Sensex one-year return: +8.43%


• Net sales growth (5-year CAGR): 5.12%


• Operating profit growth (5-year CAGR): 7.92%


• Quarterly PBT LESS OI: Rs.199.67 crore (-28.7% vs previous 4Q average)


• Quarterly PAT: Rs.171.94 crore (-18.9% vs previous 4Q average)


• ROCE (HY): 8.11%


• ROE: 5.4%


• Price to Book Value: 1.9


• Debt to Equity ratio (average): 0.03


• Institutional holdings: 29.63%


• Mojo Score: 30.0 (Sell), downgraded from Strong Sell on 22 Dec 2025

These figures illustrate the challenges faced by Exide Industries in maintaining growth and profitability, which have contributed to the recent decline in its share price to a fresh 52-week low.

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