20-quarter listed-company comparison

Auto Ancillaries - Batteries Stocks in India

Auto Ancillaries - Batteries: Exide Industries Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Auto Ancillaries - Batteries Index — Constituents & Performance

The Auto Ancillaries - Batteries companies below are the listed Indian Auto Ancillaries - Batteries universe this page tracks — the same constituent set people search for as the Nifty Auto Ancillaries - Batteries index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Auto Ancillaries - Batteries moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 10% behind NIFTY 500. Earnings across its companies fell 5% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 15 weeks running.

LEADER · ahead 15w✓Moving with the index2 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑15w · 3/3 >200d (+1) · 2/3 lead (−1) · EPS 2/3↑

Auto Ancillaries - Batteries, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Auto Ancillaries - Batteries outperforming NIFTY 500?

Auto Ancillaries - Batteries has outperformed NIFTY 500 by 6.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 15.5%. 3 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Exide Industries Ltd is the strongest against the sector itself at +6.7%.

+15.5%Sector vs NIFTY 500 · 13 weeks

+6.2%Sector vs NIFTY 500 · 52 weeks

3/3Stocks leading NIFTY 500

1/2Stocks leading sector

Sector metric: 24.9 as of 2026-07-19 · LEADERS · rising.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Auto Ancillaries - Batteries has outperformed NIFTY 500 by 6.2% over 52 weeks and 15.5% over 13 weeks. 3 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself. Exide Industries Ltd leads with revenue of ₹18,829 crore, based on 2 of 3 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹55.4K Cr

Exide Industries Ltd

Revenue growing

2/2

positive TTM year-on-year growth

Beating NIFTY 500

3/3

positive Mansfield relative strength

Comparing 2 of 3

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Exide Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.

Exide Industries Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Exide Industries LtdEXIDEIND	44.2/100Mixed-negative evidence97% evidence	LEADER	16.0/35 Revenue 7.6% · PAT 9.7% · OPM change 0 pp 100% evidence	6.1/25 ROCE 8.5% · OPM 11% 100% evidence	2.1/20 P/E 40.7× · PEG 4.78 85% evidence	20.0/20 RS sector 6.7% · RS bench 19.9% · 1Y 18.2%11 of 12 weeks ahead 100% evidence
Exact sum: 16 + 6.1 + 2.1 + 20 = 44.2 · Decision use: Price leads the evidence: RS versus the benchmark is 19.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
2Amara Raja Energy & Mobility LtdARE&M	32.3/100Adverse evidence75% evidence	FADING	10.0/35 Revenue 7.5% · PAT -5.3% · OPM change 0 pp 83% evidence	11.8/25 ROCE 12.2% · OPM 11% 76% evidence	7.9/20 P/E 30× · PEG — 35% evidence	2.6/20 RS sector -11% · RS bench 0.3% · 1Y -8.5%4 of 12 weeks ahead 100% evidence
Exact sum: 10 + 11.8 + 7.9 + 2.6 = 32.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3CLN Energy Ltd544347	60.8/100Thin evidence · provisional29% evidence		18.6/35 Revenue — · PAT — · OPM change 1 pp 14% evidence	19.7/25 ROCE 22.4% · OPM 11% 76% evidence	10.0/20 P/E 24.7× · PEG — 0% evidence	12.5/20 RS sector — · RS bench 6.6% · 1Y — 25% evidence
Exact sum: 18.6 + 19.7 + 10 + 12.5 = 60.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

05 · what price has already done

Market action

Exide Industries Ltd has the strongest one-year price move in Auto Ancillaries - Batteries at +18.2%. It also leads on Mansfield relative strength against NIFTY at +19.9%. 3 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Exide Industries Ltd has the highest Revenue among the 3 Auto Ancillaries - Batteries companies compared here, at ₹18,829 crore. Amara Raja Energy & Mobility Ltd is next at ₹13,814 crore. The same company also holds the highest Revenue growth, at 7.6%. 2 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Exide Industries Ltd is the scale leader at ₹18,829 crore, 36.3% ahead of Amara Raja Energy & Mobility Ltd. Exide Industries Ltd's growth is 7.6% from a ₹18,829 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderExide Industries Ltd · ₹18,829 crore

Gap36.3% versus #2 · Amara Raja Energy & Mobility Ltd

Persistence7/8 recent comparable periods

Coverage2/3 companies · 38 observations

Investor read: Exide Industries Ltd is the scale benchmark; Exide Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Exide Industries Ltd's growth falls below Exide Industries Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Exide Industries Ltd EXIDEIND₹18.8K Cr

2Amara Raja Energy & Mobility Ltd ARE&M₹13.8K Cr

Revenue growthfastest growers

1Exide Industries Ltd EXIDEIND7.6%

2Amara Raja Energy & Mobility Ltd ARE&M7.5%

Revenue · company comparison

2/3 level · 2/3 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Exide Industries Ltd EXIDEIND	₹5.5K Cr	18%	Jun 2026
Amara Raja Energy & Mobility Ltd ARE&M	₹3.5K Cr	16%	Mar 2026
CLN Energy Ltd 544347	₹195 Cr	35%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Amara Raja Energy & Mobility Ltd · ARE&M

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹2.6K Cr

Mar 2023₹2.4K Cr

Jun 2023₹2.8K Cr

Sep 2023₹3.0K Cr

Dec 2023₹3.0K Cr

Mar 2024₹2.9K Cr

Jun 2024₹3.3K Cr

Sep 2024₹3.3K Cr

Dec 2024₹3.3K Cr

Mar 2025₹3.1K Cr

Jun 2025₹3.4K Cr

Sep 2025₹3.5K Cr

Dec 2025₹3.4K Cr

Mar 2026₹3.5K Cr

Jun 2026—

CLN Energy Ltd · 544347

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024₹75 Cr

Dec 2024—

Mar 2025₹144 Cr

Jun 2025—

Sep 2025₹152 Cr

Dec 2025—

Mar 2026₹195 Cr

Jun 2026—

Exide Industries Ltd · EXIDEIND

Sep 2021₹4.8K Cr

Dec 2021₹3.3K Cr

Mar 2022₹3.5K Cr

Jun 2022₹4.0K Cr

Sep 2022₹3.8K Cr

Dec 2022₹3.5K Cr

Mar 2023₹3.7K Cr

Jun 2023₹4.2K Cr

Sep 2023₹4.4K Cr

Dec 2023₹4.0K Cr

Mar 2024₹4.2K Cr

Jun 2024₹4.4K Cr

Sep 2024₹4.5K Cr

Dec 2024₹4.0K Cr

Mar 2025₹4.3K Cr

Jun 2025₹4.7K Cr

Sep 2025₹4.4K Cr

Dec 2025₹4.2K Cr

Mar 2026₹4.7K Cr

Jun 2026₹5.5K Cr

Revenue growth · reported quarter history

Amara Raja Energy & Mobility Ltd · ARE&M

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202315%

Mar 202420%

Jun 202417%

Sep 20249.8%

Dec 20247.5%

Mar 20255.2%

Jun 20254.2%

Sep 20256.6%

Dec 20254.2%

Mar 202616%

Jun 2026—

CLN Energy Ltd · 544347

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025103%

Dec 2025—

Mar 202635%

Jun 2026—

Exide Industries Ltd · EXIDEIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202214%

Sep 2022-19%

Dec 20226.8%

Mar 20234.4%

Jun 20235.5%

Sep 202314%

Dec 202312%

Mar 202413%

Jun 20244.5%

Sep 20241.8%

Dec 20240.9%

Mar 20253.9%

Jun 20255.8%

Sep 2025-1.9%

Dec 20254.6%

Mar 20269.2%

Jun 202618%

07 · compare level, then change

Operating Economics & Margin Trend

CLN Energy Ltd has the highest OPM among the 3 Auto Ancillaries - Batteries companies compared here, at 11%. The same company also holds the highest Margin change, at +1 percentage points. 3 of 3 companies report a comparable reading, the latest through Mar 2026. Its OPM series carries 4 reported observations across the 20-quarter window.

What the numbers say: CLN Energy Ltd leads both opm at 11% and margin change at +1 percentage points.

LeaderCLN Energy Ltd · 11%

Gap0% versus #2 · Amara Raja Energy & Mobility Ltd

Persistence1/2 recent comparable periods

Coverage3/3 companies · 43 observations

Investor read: CLN Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1CLN Energy Ltd 54434711%

2Amara Raja Energy & Mobility Ltd ARE&M11%

3Exide Industries Ltd EXIDEIND11%

Margin changefastest expanders

1CLN Energy Ltd 544347+1.0 pp

2Amara Raja Energy & Mobility Ltd ARE&M0.0 pp

3Exide Industries Ltd EXIDEIND0.0 pp

Operating margin · company comparison

3/3 level · 3/3 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
CLN Energy Ltd 544347	11%	+1.0 pp	Mar 2026
Exide Industries Ltd EXIDEIND	11%	0.0 pp	Jun 2026
Amara Raja Energy & Mobility Ltd ARE&M	11%	0.0 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Amara Raja Energy & Mobility Ltd · ARE&M

Sep 202112%

Dec 202112%

Mar 202210%

Jun 202210.0%

Sep 202213%

Dec 202215%

Mar 202315%

Jun 202313%

Sep 202314%

Dec 202315%

Mar 202414%

Jun 202413%

Sep 202413%

Dec 202412%

Mar 202511%

Jun 202511%

Sep 202511%

Dec 202511%

Mar 202611%

Jun 2026—

CLN Energy Ltd · 544347

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202413%

Dec 2024—

Mar 202510%

Jun 2025—

Sep 202511%

Dec 2025—

Mar 202611%

Jun 2026—

Exide Industries Ltd · EXIDEIND

Sep 202112%

Dec 202111%

Mar 20229.4%

Jun 20229.6%

Sep 202211%

Dec 202211%

Mar 202310%

Jun 202310%

Sep 202311%

Dec 202311%

Mar 202411%

Jun 202411%

Sep 202411%

Dec 202411%

Mar 202510%

Jun 202511%

Sep 20259.0%

Dec 202511%

Mar 202610%

Jun 202611%

Margin change · reported quarter history

Amara Raja Energy & Mobility Ltd · ARE&M

Sep 2021−5.7 pp

Dec 2021−3.6 pp

Mar 2022−5.0 pp

Jun 2022−3.3 pp

Sep 2022+1.4 pp

Dec 2022+3.0 pp

Mar 2023+4.9 pp

Jun 2023+3.0 pp

Sep 2023+0.7 pp

Dec 20230.0 pp

Mar 2024−1.0 pp

Jun 20240.0 pp

Sep 2024−1.0 pp

Dec 2024−3.0 pp

Mar 2025−3.0 pp

Jun 2025−2.0 pp

Sep 2025−2.0 pp

Dec 2025−1.0 pp

Mar 20260.0 pp

Jun 2026—

CLN Energy Ltd · 544347

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025−2.0 pp

Dec 2025—

Mar 2026+1.0 pp

Jun 2026—

Exide Industries Ltd · EXIDEIND

Sep 2021+1.2 pp

Dec 2021−2.3 pp

Mar 2022−4.8 pp

Jun 2022+2.9 pp

Sep 2022−1.3 pp

Dec 2022−0.5 pp

Mar 2023+0.6 pp

Jun 2023+0.4 pp

Sep 2023−0.2 pp

Dec 20230.0 pp

Mar 2024+1.0 pp

Jun 2024+1.0 pp

Sep 20240.0 pp

Dec 20240.0 pp

Mar 2025−1.0 pp

Jun 20250.0 pp

Sep 2025−2.0 pp

Dec 20250.0 pp

Mar 20260.0 pp

Jun 20260.0 pp

08 · compare level, then change

Profit Scale & Acceleration

Exide Industries Ltd has the highest Net profit among the 3 Auto Ancillaries - Batteries companies compared here, at ₹937 crore. Amara Raja Energy & Mobility Ltd is next at ₹895 crore. The same company also holds the highest Profit growth, at 9.7%. 2 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Exide Industries Ltd leads with ₹937 crore of TTM profit, 4.7% above Amara Raja Energy & Mobility Ltd. Exide Industries Ltd shows 9.7% growth from a ₹937 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderExide Industries Ltd · ₹937 crore

Gap4.7% versus #2 · Amara Raja Energy & Mobility Ltd

Persistence5/8 recent comparable periods

Coverage2/3 companies · 38 observations

Investor read: Exide Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Exide Industries Ltd EXIDEIND₹937 Cr

2Amara Raja Energy & Mobility Ltd ARE&M₹895 Cr

Profit growthfastest growers

1Exide Industries Ltd EXIDEIND9.7%

2Amara Raja Energy & Mobility Ltd ARE&M-5.3%

Net profit · company comparison

2/3 level · 2/3 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Exide Industries Ltd EXIDEIND	₹351 Cr	28%	Jun 2026
Amara Raja Energy & Mobility Ltd ARE&M	₹314 Cr	94%	Mar 2026
CLN Energy Ltd 544347	₹12 Cr	50%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Amara Raja Energy & Mobility Ltd · ARE&M

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹222 Cr

Mar 2023₹142 Cr

Jun 2023₹198 Cr

Sep 2023₹238 Cr

Dec 2023₹268 Cr

Mar 2024₹230 Cr

Jun 2024₹249 Cr

Sep 2024₹236 Cr

Dec 2024₹298 Cr

Mar 2025₹162 Cr

Jun 2025₹165 Cr

Sep 2025₹276 Cr

Dec 2025₹140 Cr

Mar 2026₹314 Cr

Jun 2026—

CLN Energy Ltd · 544347

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024₹5 Cr

Dec 2024—

Mar 2025₹8 Cr

Jun 2025—

Sep 2025₹9 Cr

Dec 2025—

Mar 2026₹12 Cr

Jun 2026—

Exide Industries Ltd · EXIDEIND

Sep 2021₹194 Cr

Dec 2021₹178 Cr

Mar 2022₹4.0K Cr

Jun 2022₹202 Cr

Sep 2022₹241 Cr

Dec 2022₹198 Cr

Mar 2023₹181 Cr

Jun 2023₹224 Cr

Sep 2023₹270 Cr

Dec 2023₹203 Cr

Mar 2024₹186 Cr

Jun 2024₹221 Cr

Sep 2024₹233 Cr

Dec 2024₹158 Cr

Mar 2025₹188 Cr

Jun 2025₹275 Cr

Sep 2025₹174 Cr

Dec 2025₹195 Cr

Mar 2026₹217 Cr

Jun 2026₹351 Cr

Profit growth · reported quarter history

Amara Raja Energy & Mobility Ltd · ARE&M

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202321%

Mar 202462%

Jun 202426%

Sep 2024-0.8%

Dec 202411%

Mar 2025-30%

Jun 2025-34%

Sep 202517%

Dec 2025-53%

Mar 202694%

Jun 2026—

CLN Energy Ltd · 544347

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 202580%

Dec 2025—

Mar 202650%

Jun 2026—

Exide Industries Ltd · EXIDEIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022531%

Sep 202224%

Dec 202211%

Mar 2023-95%

Jun 202311%

Sep 202312%

Dec 20232.5%

Mar 20242.8%

Jun 2024-1.3%

Sep 2024-14%

Dec 2024-22%

Mar 20251.1%

Jun 202524%

Sep 2025-25%

Dec 202523%

Mar 202615%

Jun 202628%

09 · compare level, then change

Return On Capital Employed

CLN Energy Ltd has the highest ROCE among the 3 Auto Ancillaries - Batteries companies compared here, at 22.4%. Amara Raja Energy & Mobility Ltd is next at 12.2%. Exide Industries Ltd has the highest ROCE change at +0.6 percentage points, so level and change sit with different companies.

What the numbers say: CLN Energy Ltd leads ROCE at 22.4%, 10.2 percentage points above Amara Raja Energy & Mobility Ltd. Exide Industries Ltd has the strongest latest improvement at +0.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderCLN Energy Ltd · 22.4%

Gap83.6% versus #2 · Amara Raja Energy & Mobility Ltd

PersistenceNot enough history

Coverage3/3 companies · 15 observations

Investor read: CLN Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1CLN Energy Ltd 54434722%

2Amara Raja Energy & Mobility Ltd ARE&M12%

3Exide Industries Ltd EXIDEIND8.5%

ROCE changefastest improvers

1Exide Industries Ltd EXIDEIND+0.6 pp

2Amara Raja Energy & Mobility Ltd ARE&M−4.0 pp

Return on capital · company comparison

3/3 level · 2/3 change

Withheld from this chart: Amara Raja Energy & Mobility Ltd (ARE&M) — its two data sources disagree by up to 23% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Exide Industries Ltd EXIDEIND	8.4%	+0.6 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Exide Industries Ltd · EXIDEIND

Sep 202110%

Dec 2021—

Mar 202218%

Jun 2022—

Sep 20229.2%

Dec 2022—

Mar 20239.3%

Jun 2023—

Sep 20238.9%

Dec 202311%

Mar 20249.2%

Jun 202411%

Sep 20248.2%

Dec 20249.2%

Mar 20257.8%

Jun 20259.6%

Sep 20257.3%

Dec 20258.5%

Mar 20268.4%

Jun 2026—

ROCE change · reported quarter history

Exide Industries Ltd · EXIDEIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.8 pp

Dec 2022—

Mar 2023−8.9 pp

Jun 2023—

Sep 2023−0.3 pp

Dec 2023—

Mar 2024−0.1 pp

Jun 2024—

Sep 2024−0.7 pp

Dec 2024−1.4 pp

Mar 2025−1.4 pp

Jun 2025−1.1 pp

Sep 2025−0.9 pp

Dec 2025−0.7 pp

Mar 2026+0.6 pp

Jun 2026—

10 · compare level, then change

Valuation Against Growth & Quality

Exide Industries Ltd has the lowest PEG among the 3 Auto Ancillaries - Batteries companies compared here, at 4.78×. CLN Energy Ltd has the lowest P/E at 24.7×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 9 reported observations across the 20-quarter window.

What the numbers say: Exide Industries Ltd has the lowest comparable PEG at 4.78×. Only 1 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderExide Industries Ltd · 4.78×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/3 companies · 9 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Exide Industries Ltd EXIDEIND4.8

P/Elowest P/E

1CLN Energy Ltd 54434724.7

2Amara Raja Energy & Mobility Ltd ARE&M30.0

3Exide Industries Ltd EXIDEIND40.7

Valuation · company comparison

1/3 level · 3/3 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Exide Industries Ltd EXIDEIND	4.8	39.9	Jun 2026
CLN Energy Ltd 544347	—	17.5	Mar 2026
Amara Raja Energy & Mobility Ltd ARE&M	—	18.7	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Exide Industries Ltd · EXIDEIND

Sep 20210.8

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 20221.7

Mar 20231.6

Jun 20230.7

Sep 2023—

Dec 2023—

Mar 20242.9

Jun 20248.4

Sep 20244.5

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20251.6

Mar 2026—

Jun 20264.8

P/E · reported quarter history

Amara Raja Energy & Mobility Ltd · ARE&M

Sep 202117.7

Dec 202116.7

Mar 202215.8

Jun 202215.5

Sep 202216.1

Dec 202216.9

Mar 202315.1

Jun 202315.9

Sep 202313.7

Dec 202316.7

Mar 202414.8

Jun 202430.9

Sep 202424.9

Dec 202422.3

Mar 202519.6

Jun 202520.3

Sep 202522.8

Dec 202522.9

Mar 202618.7

Jun 2026—

CLN Energy Ltd · 544347

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 202617.5

Jun 2026—

Exide Industries Ltd · EXIDEIND

Sep 202119.8

Dec 202119.1

Mar 202218.5

Jun 202219.0

Sep 202217.0

Dec 202219.4

Mar 202319.2

Jun 202324.4

Sep 202326.3

Dec 202331.0

Mar 202429.7

Jun 202454.8

Sep 202448.3

Dec 202442.5

Mar 202538.6

Jun 202541.5

Sep 202539.0

Dec 202539.4

Mar 202630.7

Jun 202639.9

11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Auto Ancillaries - Batteries comparison names 6 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-feed figures withheld because the two sources disagree. 3 of the 5 ranked sections have fewer than three usable current readings.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
Thin comparisons: Revenue, Net profit, Valuation have fewer than three usable current readings.

12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Auto Ancillaries - Batteries companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-31 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing1 cross-checked · 1 unverified · 1 withheld, of 3 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Auto Ancillaries - Batteries company comparison FAQs

These 23 answers restate the Auto Ancillaries - Batteries comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Auto Ancillaries - Batteries sector outperforming NIFTY 500?

Which Auto Ancillaries - Batteries company is largest by revenue?

Exide Industries Ltd leads with revenue of ₹18,829 crore, based on 2 of 3 comparable companies through Jun 2026.

Which Auto Ancillaries - Batteries company is growing fastest?

Exide Industries Ltd has the fastest current revenue growth at 7.6%, across 2 of 3 comparable companies.

Which Auto Ancillaries - Batteries company has the strongest 4-Factor Sector Score?

Exide Industries Ltd ranks first at 44.2/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Auto Ancillaries - Batteries company has the lowest comparable PEG?

Exide Industries Ltd has the lowest comparable PEG at 4.78, among 1 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Auto Ancillaries - Batteries comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Auto Ancillaries - Batteries index?

The Nifty Auto Ancillaries - Batteries index tracks India's listed Auto Ancillaries - Batteries companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Auto Ancillaries - Batteries sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Auto Ancillaries - Batteries stocks in India?

Ranked by this page's four-factor score, Exide Industries Ltd places first among 3 listed Auto Ancillaries - Batteries companies, followed by Amara Raja Energy & Mobility Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Auto Ancillaries - Batteries stocks are listed in India?

This comparison covers 3 listed Auto Ancillaries - Batteries companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Auto Ancillaries - Batteries company is the biggest?

Exide Industries Ltd is the largest, with trailing-twelve-month revenue of ₹18,829 crore, ahead of Amara Raja Energy & Mobility Ltd at ₹13,814 crore. That covers 2 of 3 companies with comparable reporting through Jun 2026.

Which Auto Ancillaries - Batteries company has the best profit margins?

CLN Energy Ltd has the highest operating margin at 11%, from 3 of 3 comparable companies. CLN Energy Ltd shows the biggest recent improvement, at +1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Auto Ancillaries - Batteries company makes the most profit?

Exide Industries Ltd earns the most, at ₹937 crore of trailing-twelve-month net profit, from 2 of 3 comparable companies. Exide Industries Ltd has the fastest profit growth at 9.7%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Auto Ancillaries - Batteries company earns the highest return on capital?

CLN Energy Ltd leads on return on capital employed at 22.4%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Auto Ancillaries - Batteries stock is the cheapest?

On PEG — where a LOWER number is cheaper — Exide Industries Ltd screens cheapest at 4.78×. Only 1 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Auto Ancillaries - Batteries sector beating the market?

Auto Ancillaries - Batteries has outperformed NIFTY 500 by 6.2% over the last 52 weeks and 15.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Auto Ancillaries - Batteries stock has the strongest price momentum?

Exide Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Auto Ancillaries - Batteries company scores highest for research priority?

Exide Industries Ltd scores 44.2 out of 100 with 97% evidence confidence, from 16 points on growth and earnings, 6.1 on capital efficiency, 2.1 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Auto Ancillaries - Batteries companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Auto Ancillaries - Batteries sector?

The 3 Auto Ancillaries - Batteries companies on this page carry ₹55,405 crore of combined market value. Exide Industries Ltd is the largest at ₹38,233 crore, about 69% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Auto Ancillaries - Batteries sector performing?

3 of the 3 covered Auto Ancillaries - Batteries companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 6.2% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.