Why is Exide Industries Ltd ?
1
Poor long term growth as Net Sales has grown by an annual rate of 5.12% and Operating profit at 7.92% over the last 5 years
2
Negative results in Sep 25
- PBT LESS OI(Q) At Rs 199.67 cr has Fallen at -28.7% (vs previous 4Q average)
- ROCE(HY) Lowest at 8.11%
- PAT(Q) At Rs 171.94 cr has Fallen at -18.9% (vs previous 4Q average)
3
With ROE of 5.4, it has a Very Expensive valuation with a 2.2 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -16.12%, its profits have fallen by -5.7%
4
Underperformed the market in the last 1 year
- Even though the market (BSE500) has generated returns of 2.12% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -16.12% returns
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Auto Components & Equipments)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Exide Inds. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Exide Inds.
-16.12%
-0.62
25.80%
Sensex
4.83%
0.41
11.83%
Quality key factors
Factor
Value
Sales Growth (5y)
5.12%
EBIT Growth (5y)
7.92%
EBIT to Interest (avg)
10.99
Debt to EBITDA (avg)
0.61
Net Debt to Equity (avg)
0.06
Sales to Capital Employed (avg)
1.29
Tax Ratio
31.84%
Dividend Payout Ratio
19.39%
Pledged Shares
0
Institutional Holding
29.34%
ROCE (avg)
10.50%
ROE (avg)
14.14%
Valuation Key Factors 
Factor
Value
P/E Ratio
41
Industry P/E
33
Price to Book Value
2.19
EV to EBIT
27.89
EV to EBITDA
18.60
EV to Capital Employed
2.13
EV to Sales
1.90
PEG Ratio
NA
Dividend Yield
0.53%
ROCE (Latest)
7.64%
ROE (Latest)
5.36%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
1What is working for the Company
NO KEY POSITIVE TRIGGERS
-11What is not working for the Company
PBT LESS OI(Q)
At Rs 199.67 cr has Fallen at -28.7% (vs previous 4Q average
ROCE(HY)
Lowest at 8.11%
PAT(Q)
At Rs 171.94 cr has Fallen at -18.9% (vs previous 4Q average
PBDIT(Q)
Lowest at Rs 391.42 cr.
OPERATING PROFIT TO NET SALES (Q)
Lowest at 8.97%
Loading Valuation Snapshot...
Here's what is not working for Exide Inds.
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 199.67 cr has Fallen at -28.7% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 280.20 CrMOJO Watch
Near term PBT trend is very negative
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
At Rs 171.94 cr has Fallen at -18.9% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 211.99 CrMOJO Watch
Near term PAT trend is very negative
PAT (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Lowest at Rs 391.42 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Lowest at 8.97%
in the last five quartersMOJO Watch
Company's efficiency has deteriorated
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at Rs 199.67 cr.
in the last five quartersMOJO Watch
Near term PBT trend is negative
PBT less Other Income (Rs Cr)
Non Operating Income - Quarterly
Highest at Rs 53.66 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income






