Explore a detailed stock analysis of Exide Industries Ltd, including its business overview, growth opportunities, risks, technical and fundamental analysis, and stock price targets for 2024 to 2030.
Table of Contents
- Introduction – Overview of Exide Industries
- Business of Exide Industries
- Growth Drivers and Opportunities
- Risks of Exide Industries
- Fundamental Analysis
- Technical Analysis
- Exide Stock Price Target for 2024
- Exide Stock Price Forecast for 2025
- Exide Stock Price Forecast for 2026
- Exide Stock Price Forecast for 2027
- Exide Stock Price Forecast for 2028
- Exide Stock Price Forecast for 2029
- Exide Stock Price Forecast for 2030
- FAQs on Exide Industries Share Price
- Conclusion
- Disclaimer
1. Introduction – Overview of Exide Industries
Exide Industries Ltd is one of India’s leading battery manufacturers, offering a wide range of automotive and industrial batteries. Established in 1947, Exide serves various industries such as automobiles, telecom, solar, and renewable energy. Recently, the company has diversified into the lithium-ion battery segment to tap into the growing EV market.
2. Business of Exide Industries
Exide’s primary focus areas are automotive and industrial battery segments. It produces advanced lead-acid batteries and is developing a strong foothold in lithium-ion technology. The company also invests heavily in R&D for energy storage solutions in industries like solar and telecom.
3. Growth Drivers and Opportunities
Exide’s growth is driven by rising demand in the electric vehicle (EV) sector, solar energy storage solutions, and industrial power requirements. Its expansion into lithium-ion batteries presents a strong opportunity as India moves toward greener energy solutions. Exide’s distribution network of over 115,000 dealers offers competitive advantages in reaching a wide customer base.
4. Risks of Exide Industries
- Supply Chain Risks: Disruption in lead and lithium supply may affect production.
- Technological Challenges: Emerging battery technologies may disrupt Exide’s market dominance.
- Regulatory Risks: Stringent environmental norms could increase operational costs.
5. Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹43,482 Cr |
| P/E Ratio | 49.7x |
| ROE | 7.05% |
| ROCE | 10.2% |
| Debt to Equity | 0.09 |
| Dividend Yield | 0.39% |
| Book Value per Share | ₹152 |
| EPS (TTM) | ₹10.3 |
| Net Profit Margin | 6.57% |
6. Technical Analysis
Chart Attached: The chart analysis shows a bullish breakout after forming a consolidation pattern over several months. Key resistance levels are near ₹550, and a clear support level around ₹470. The 50-day moving average is showing an upward trend, signaling potential upward momentum.
7. Exide Stock Price Target for 2024
By the end of 2024, Exide’s stock is expected to reach ₹580 based on its strong growth potential in the automotive and lithium-ion battery segments.
8. Exide Stock Price Forecast for 2025
| Month | Price Target (₹) |
|---|---|
| January 2025 | 600 |
| February 2025 | 615 |
| March 2025 | 625 |
| April 2025 | 635 |
| May 2025 | 645 |
| June 2025 | 655 |
| July 2025 | 665 |
| August 2025 | 675 |
| September 2025 | 690 |
| October 2025 | 700 |
| November 2025 | 710 |
| December 2025 | 725 |
9. Exide Stock Price Forecast for 2026
| Month | Price Target (₹) |
|---|---|
| January 2026 | 740 |
| February 2026 | 750 |
| March 2026 | 765 |
| April 2026 | 780 |
| May 2026 | 795 |
| June 2026 | 810 |
| July 2026 | 825 |
| August 2026 | 840 |
| September 2026 | 855 |
| October 2026 | 870 |
| November 2026 | 880 |
| December 2026 | 900 |
10. Exide Stock Price Forecast for 2027
| Month | Price Target (₹) |
|---|---|
| January 2027 | 920 |
| February 2027 | 940 |
| March 2027 | 965 |
| April 2027 | 985 |
| May 2027 | 1,005 |
| June 2027 | 1,025 |
| July 2027 | 1,045 |
| August 2027 | 1,065 |
| September 2027 | 1,080 |
| October 2027 | 1,090 |
| November 2027 | 1,100 |
| December 2027 | 1,120 |
11. Exide Stock Price Forecast for 2028
| Month | Price Target (₹) |
|---|---|
| January 2028 | 1,150 |
| February 2028 | 1,170 |
| March 2028 | 1,185 |
| April 2028 | 1,205 |
| May 2028 | 1,225 |
| June 2028 | 1,245 |
| July 2028 | 1,260 |
| August 2028 | 1,280 |
| September 2028 | 1,295 |
| October 2028 | 1,310 |
| November 2028 | 1,320 |
| December 2028 | 1,340 |
12. Exide Stock Price Forecast for 2029
| Month | Price Target (₹) |
|---|---|
| January 2029 | 1,365 |
| February 2029 | 1,385 |
| March 2029 | 1,400 |
| April 2029 | 1,420 |
| May 2029 | 1,435 |
| June 2029 | 1,450 |
| July 2029 | 1,465 |
| August 2029 | 1,485 |
| September 2029 | 1,500 |
| October 2029 | 1,515 |
| November 2029 | 1,530 |
| December 2029 | 1,545 |
13. Exide Stock Price Forecast for 2030
| Month | Price Target (₹) |
|---|---|
| January 2030 | 1,570 |
| February 2030 | 1,590 |
| March 2030 | 1,605 |
| April 2030 | 1,620 |
| May 2030 | 1,635 |
| June 2030 | 1,650 |
| July 2030 | 1,670 |
| August 2030 | 1,685 |
| September 2030 | 1,700 |
| October 2030 | 1,715 |
| November 2030 | 1,725 |
| December 2030 | 1,730 |
FAQs on Exide Industries Share Price
Is it good to buy Exide shares now?
It depends on your risk appetite, but Exide has strong growth drivers with potential upside.
What is the future prediction for Exide?
The stock is expected to rise steadily with its expansion into EV batteries and lithium-ion technology.
Is Exide a debt-free company?
No, Exide has a low debt-to-equity ratio of 0.09, making it financially sound.
Why is Exide share falling?
Temporary fluctuations may be due to market conditions or profit booking.
Will Exide be a multibagger?
While potential exists, it may not be a quick multibagger; steady growth is more likely.
Is Exide overvalued or undervalued?
Based on current fundamentals, Exide is moderately valued.
What is the target price of Exide in 2024?
₹580
What is the target price of Exide in 2025?
₹725
What is the target price of Exide in 2026?
₹890
What is the target price of Exide in 2027?
₹1,080
What is the target price of Exide in 2028?
₹1,260
What is the target price of Exide in 2029?
₹1,445
What is the target price of Exide in 2030?
₹1,630
Is Exide investing in lithium-ion batteries?
Yes, the company is actively expanding in this area.
Does Exide have a future?
Yes, driven by EV growth and renewable energy storage solutions.
Is Exide stock a buy or sell?
Consider it a long-term buy based on current fundamentals.
14. Conclusion
Exide Industries Ltd has immense growth potential, especially with the rise of electric vehicles and energy storage solutions. Its investments in lithium-ion battery technology, coupled with strong fundamentals, make it a stock worth considering for the long term.
15. Disclaimer
The stock targets and analysis provided are based on research and market conditions as of now. Investors should perform their own due diligence or consult a financial advisor before making any investment decisions.
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