Exide Industries share price today

Exide Industries Ltd's share price was ₹368.40 at the close on 4 November 2026. It has been rising for 20 weeks. That is 6.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹297 and ₹490, and at that close it sat 37% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Exide Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running.

Over the last 11 years the share price moved +179% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: highest quarterly profit in 15 quarters and highest quarterly revenue in 15 quarters.

1. Highest quarterly profit in 15 quarters

   Profit of ₹351 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: The profit was the highest because sales grew across battery businesses and cost programs helped margins.

   Next results: check whether price increases keep covering higher input costs and rupee weakness.

   From the earnings call on 3 Aug 2026.

2. Highest quarterly revenue in 15 quarters

   Revenue of ₹5,528 crore in the June 2026 quarter is the highest of the last 15 quarters.

   Why: Revenue was the highest because automotive OEM sales grew strongly for a third quarter.

   Next results: check whether replacement demand offsets harder automotive OEM comparisons.

   From the earnings call on 3 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Exide Industries reported revenue of ₹5,528 crore, up 17.7% from ₹4,695 crore a year earlier, and a profit of ₹351 crore, up 27.6% from ₹275 crore.

Exide Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Exide Industries' management discussed these results on a call held on 3 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Exide Industries closed at ₹368.40 on 4 November 2026, down 2.4% from ₹377.35 a year earlier (7 November 2025) and up 104.8% over five years. Its highest weekly close since March 2016 was ₹569.70 on 21 June 2024.

Exide Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Exide Industries closed at ₹368.40, up 9.8% on the week and down 10.0% on the month. 3 Aug 2026: Exide Industries held its results call for April to June 2026. Management guided: Revenue contribution from the Bengaluru EESL plant to commence during the current financial year.

Earlier

• 3 Jul 2026: ex-date for a dividend of ₹2 a share.
• Results for April to June 2026: Revenue up 17.7% and profit up 27.6% on a year earlier.

Exide Industries paid ₹2 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.54% at the ₹368.40 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 3 July 2026.

Exide Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Exide Industries Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 3 August 2026, Exide Industries' management guided: Revenue contribution from the Bengaluru EESL plant to commence during the current financial year.

“The only thing that will change is that the imported cell will be replaced with an Indian cell. So, we do not see a demand-side issue at all because it is simply a switch.”Avik Roy, on the call for April to June 2026

What management guided

• First-year EESL utilization at 25.0%-30.0% of Phase 1 capacity, with LFP expected to ramp faster.
• EESL capital spending board-approved at ₹1,400 crore for the current fiscal year; ₹100 crore spent on July, balance in upcoming months, subject to review.
• Phase 1 cell capacity is 6 GWh, with provision to scale to 12 GWh over coming years; Phase 2 is expected to be mostly LFP and require materially less capital spending than Phase 1.
• A later production line is expected near fiscal year-end for a passenger-vehicle OEM product.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 3 August 2026.

What is changing at Exide Industries, from the latest results and calls: lithium-ion giga-factory commercialization (the capital spending inflection point), automotive oem homologation pipeline (the homologation moat) and aftermarket pricing power and channel dominance.

• Lithium-Ion Giga-Factory Commercialization (The Capital spending Inflection Point). Bengaluru Phase 1 facility (6 GWh) transitioning from installation to customer sampling, aiming for 25-30% utilization in year one. ✓ fact
• Automotive OEM Homologation Pipeline (The Homologation Moat). Homologation with three major two-wheeler EV manufacturers representing 80-85% market share secures initial cell volume off-take. ✓ fact
• Aftermarket Pricing Power and Channel Dominance. Lead-acid replacement market (70% of auto mix) delivers consistent double-digit volume growth with multi-tranche price pass-through. ✓ fact
• Solar and Industrial Energy Storage Scaling. Solar revenue exceeded ₹1,000 Cr in FY26 and crossed ₹400 Cr in April to June 2026, establishing a high-growth non-automotive vector. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 22 August 2026.

Rejection of EESL cylindrical or prismatic cell samples by lead two-wheeler OEMs, prolonged cell manufacturing yields below 70%, or a structural contraction in core lead-acid annual operating cash flow below ₹1,200 Cr.

Each change stops working if

• Lithium-Ion Giga-Factory Commercialization (The Capital spending Inflection Point): Cell qualification fails OEM standards or production yields remain below 70%, delaying commercial dispatches past FY27.
• Automotive OEM Homologation Pipeline (The Homologation Moat): Leading two-wheeler OEMs select alternative domestic cell suppliers or backward integrate into proprietary pack production.
• Aftermarket Pricing Power and Channel Dominance: Unorganized sector competition or price resistance prevents passing on sudden commodity spikes in lead and sulfuric acid.
• Solar and Industrial Energy Storage Scaling: Government rooftop solar subsidies taper or lead-acid chemistry is rapidly substituted by competing imported lithium storage systems.

The main risks

• Lithium Cell Yield, Ramp, and Technology Transition Delays: Delays in achieving 90% production yields and 85% plant utilization could prolong negative cash absorption at the EESL subsidiary. ⚠ estimate
• Severe Raw Material Cost Spikes and Forex Pressures: Surges in sulfuric acid (5x on a year earlier to ₹75/kg), antimony ($33-35k/ton), and rupee depreciation compress gross margins. ⚠ estimate
• Structural Disruption in Telecom and E-Rickshaw Lead-Acid Segments: Accelerating migration from lead-acid to lithium in telecom tower backup and e-rickshaws eliminates legacy volume pools. ⚠ estimate

Our read after the latest results, written 22 August 2026.

When Exide Industries reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: EESL first commercial revenue recognition - check delivery against the current-year commitment.

Exide Industries is on one of our India lists: Small & mid cap stocks.

Exide Industries Ltd earned ₹351 Cr of net profit in the Jun 2026 quarter, +27.6% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹860 Cr. Over 10 years profit has grown 2.1% a year on average. That is 6.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹275 Cr.

For the full year, FY26 profit was ₹860 Cr (+7.5% on the year before).

Why profit moved: revenue changed +17.7% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +10.3% and revenue +7.4%. Profit and revenue are moving at about the same pace.

FY26-Q4. revenue ₹4,735 Cr and profit ₹217 Cr as reported.

FY27-Q1. revenue ₹5,528 Cr and profit ₹351 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Exide Industries Ltd reported ₹5,528 Cr of revenue in the Jun 2026 quarter, +17.7% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 6.6% a year on average. The last full year, FY26, came in at ₹17,995 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Exide has entered formal qualification with top two-wheeler EV manufacturers and secured 100% lead-acid supply positions on passenger vehicle platforms including Tata Sierra and Kia Seltos. Converting these sample validations into commercial purchase orders locks in long-term supply relationships.

The last four reported quarters add to ₹18,829 Cr.

FY26 revenue was ₹17,995 Cr, +4.4% on the year before.

Recent pace: the last four quarters grew +7.4% on average, against 6.6% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +7.6%, against +5.4% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +9.7%, against +3.2% a year (accelerating).

FY26-Q4. revenue ₹4,735 Cr and profit ₹217 Cr as reported.

FY27-Q1. revenue ₹5,528 Cr and profit ₹351 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Exide Industries Ltd's operating margin was 11.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 10.0% and 13.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed −0.2 percentage points on the year while gross margin changed −1.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY26-Q4. revenue ₹4,735 Cr and profit ₹217 Cr as reported.

FY27-Q1. revenue ₹5,528 Cr and profit ₹351 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 205% of Exide Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,413 Cr of operating cash against ₹860 Cr of profit. After ₹1,215 Cr of spending on assets, ₹1,198 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 205% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 3.3× depreciation over three years. The next section checks what that spending is building.

Exide Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 42 days in FY26, down from 52 days in FY21. It spent ₹5,728 Cr on assets over the last 3 years. Customers take 32 days to pay, and stock sits for 120 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. With ₹4,802 Cr cumulative equity deployed into Exide Energy Solutions, equipment installation is operational and customer sampling has commenced for NMC cylindrical and LFP prismatic lines. Management goals initial commercial revenue in FY27 by substituting imported cells across electric two-wheelers, three-wheelers, and stationary storage.

At FY26 sales of ₹17,995 Cr, each day of that cycle ties up about ₹49.3 Cr, so roughly ₹2,071 Cr is tied up in the business at any time.

FY26: customers took 32 days to pay and stock sat for 120 days, about 3.9 months of sales sitting as stock, for a full cycle of 42 days, shorter than FY21's 52.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 120 days. Customers pay about 32 days after that. Suppliers are paid at 110 days. Together that makes the 42-day cycle.

Spending on assets: ₹5,728 Cr over the last 3 years, against ₹1,731 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹4,198 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Exide Industries Ltd's P/E is 33.3×, near the high end of its own history: higher than 76% of past readings. Its usual P/E (the middle reading) is 24.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.