# Exide Industries share price today (Exide Industries Ltd, NSE: EXIDEIND)

> Exide Industries share price today: ₹368.40 at the NSE close on 4 November 2026, down 2.4% in a year. Exide Industries (NSE: EXIDEIND) is worth ₹31,268 crore, trades at a P/E of 33.3 and has closed between ₹296.60 and ₹490.00 over the past 52 weeks. > Exide Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +7.5% in a year while the price moved −2.4%. EXIDEIND · Auto Ancillaries - Batteries · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/exide-industries-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹368.40 (−2.4% in a year)
- P/E: 33.3× (higher than 76% of the last 11 years)
- Revenue (Jun 2026): ₹5,528 Cr (+17.7% on a year ago)
- Profit (Jun 2026): ₹351 Cr (+27.6% on a year ago)
- Operating margin: 11.0% (flat on a year ago)
- ROCE: 9%, FY26
- ROIC: 7.3%, against a 12.0% cost of capital: −4.7 points

Biggest thing to watch: the P/E is higher than 76% of its own history, so the multiple has already done part of the work. ## What is the 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. 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. ## What changed at Exide Industries this quarter? 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. ## What are Exide Industries' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹5,528 crore | ₹4,695 crore | +17.7% |
| Profit | ₹351 crore | ₹275 crore | +27.6% |
| Earnings per share | ₹4.12 | ₹3.21 | +28.3% |
| Operating margin | 11.0% | 11.0% | 0.0 points |

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.)

## What is the Exide Industries share price history? 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

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹335.50 | +9.8% |
| 1 month ago · 1 Oct 2026 | ₹409.45 | −10.0% |
| 6 months ago · 8 May 2026 | ₹362.25 | +1.7% |
| 1 year ago · 7 Nov 2025 | ₹377.35 | −2.4% |
| 3 years ago · 3 Nov 2023 | ₹256.10 | +43.9% |
| 5 years ago · 4 Nov 2021 | ₹179.85 | +104.8% |
| 10 years ago · 4 Nov 2016 | ₹188.80 | +95.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹131.85 | +179.4% |
| Highest weekly close since March 2016 · 21 Jun 2024 | ₹569.70 | −35.3% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹128.55 | +186.6% |
| 52-week high (weekly close) · 7 Aug 2026 | ₹490.00 | −24.8% |
| 52-week low (weekly close) · 13 Mar 2026 | ₹296.60 | +24.2% |

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.)

## What is the latest news on Exide Industries? 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. ## What dividend does Exide Industries pay? 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 3 Jul 2026 | ₹2 | Dividend | same day |
| 18 Jul 2025 | ₹2 | Dividend | 19 Jul 2025 |
| 22 Jul 2024 | ₹2 | Dividend | n/a |
| 1 Aug 2023 | ₹2 | Dividend | n/a |
| 7 Feb 2022 | ₹2 | Interim | 8 Feb 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

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.)

## What did Exide Industries management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/58/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 3 August 2026.)

## What is the future of Exide Industries? What is changing in the business? 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.)

## What could change the Exide Industries story? What are the risks? 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.)

## What to watch in Exide Industries' next results? 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. - What to check (from the call)
- EESL first commercial revenue recognition - check delivery against the current-year commitment. - Full-scale cell yield disclosure - check whether improving samples translate into stable production performance. - OEM homologation - check for serial-production approvals among the lead two-wheeler customers. ## Which stock lists is Exide Industries on? Exide Industries is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 282](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Exide Industries profitable? 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. 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. ## How much revenue does Exide Industries make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Exide Industries keep? 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. 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. ## Is Exide Industries' profit turning into cash? 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. 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. ## Where does Exide Industries' cash go? 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. 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. ## What is Exide Industries' P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved +7.5% while the price moved −2.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +15.4% a year; about +4.7% a year came from earnings growth and about +10.7 percentage points from the multiple (the market paying more); over 10 years the price moved +6.9% a year; about +3.0% a year came from earnings growth and about +3.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Exide Industries business getting better or worse? Exide Industries Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 9.4%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## What is the Exide Industries story, and has it been checked? Exide Industries Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: EARLY EXPANSION. Our read, 22 August 2026. From the numbers. Exide sits in an early operating cycle expansion stage with TTM revenue growing 7.6% and operating profit reaching ₹621 Cr in Q1 FY27. From the price. Price stage 2, week 20, below its 200-day line, relative strength falling. From the research. Where they disagree. Exide sits in an early operating cycle expansion stage with TTM revenue growing 7.6% and operating profit reaching ₹621 Cr in Q1 FY27. What is proven. What is not proven yet. 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. What would change our mind. 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. The test written in advance. 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. Measured by: the thesis as written as stated by the next result. The test written in advance. Lithium Cell Yield, Ramp, and Technology Transition Delays. Measured by: Lithium Cell Yield, Ramp, and Technology Transition Delays First commercial revenue recognition from EESL by Q3 FY27 and disclosure of production yield milestones exceeding 75%. by the next result. The test written in advance. What the surface reading misses. What the surface reading misses. The surface reading is: Q1 FY27 net profit of ₹351 Cr indicates sharp earnings expansion. The research reads it further: Operating leverage from peak seasonal inverter demand and automotive replacement volume (+21% 4W OEM, +20% 2W OEM) drove operating profit to ₹621 Cr, with no exceptional one-off gains recorded in the ledger. Lever 12 · New product launch: building. Homologation with three major two-wheeler EV manufacturers representing 80-85% market share secures initial cell volume off-take. What proves it keeps working: Automotive OEM Homologation Pipeline (The Homologation Moat). It stops working if Leading two-wheeler OEMs select alternative domestic cell suppliers or backward integrate into proprietary pack production. Lever 2 · Value-added mix: building. Lead-acid replacement market (70% of auto mix) delivers consistent double-digit volume growth with multi-tranche price pass-through. What proves it keeps working: Aftermarket Pricing Power and Channel Dominance. It stops working if Unorganized sector competition or price resistance prevents passing on sudden commodity spikes in lead and sulfuric acid. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Exide Industries management deliver what it promised? What Exide Industries Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. FY27 Core Growth Outlook Withdrawn · 3 August 2026. In May 2026, management said the core business had the potential to deliver at least high-single-digit to early-double-digit growth in FY27. In Aug 2026, despite reporting 17.6% Q1 FY27 revenue growth, management declined to provide full-year guidance, representing a meaningful retreat from the prior directional outlook; although base effects and seasonality were cited, management did not explicitly reconcile this withdrawal with the earlier growth expectation. Technology Partner Named Differently - SVOLT vs. Gotion · 6 May 2026. In the Nov 2025 call, management explicitly named SVOLT as the "principal partner" for the lithium-ion cell manufacturing project, citing it as the source of raw material scale and reliability. In the May 2026 call, the MD and CEO of Exide Energy Solutions cited Gotion - a completely different Chinese battery manufacturer - as the provider of technology support, with no mention of SVOLT. No explanation was provided for this discrepancy, which is material given the approximately 5,000 crore total equity spending in the project. Export Recovery Commitment Not Delivered · 6 May 2026. In the Nov 2025 call, management made a confident and specific commitment that export revenues would begin recovering from Q4 FY26 onwards, explicitly citing completed trials and new geographies and portfolio additions as the basis for that confidence. The May 2026 call reveals exports were still in sharp decline through Q4 FY26 and management now guides for continued weakness through H1 FY27 - a delay of roughly a full year from the prior commitment - with no explanation beyond the same broad geopolitical environment that was already acknowledged in November 2025. Lithium-Ion Production Start Timeline Missed · 6 May 2026. In the Nov 2025 call, management committed to starting production at Exide Energy towards the end of FY26, characterizing installation and commissioning as nearing completion. By May 2026 - already two months into Q1 FY27 - customer sample delivery for the cylindrical line was only just commencing that month and the prismatic line was still initiating trials. This represents at least a one-quarter slip for the primary line and a longer delay for the prismatic line from the end-of-FY26 commitment, with no clear explanation offered beyond standard process validation language. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Exide Industries earn on its capital? Exide Industries Ltd earned a ROCE of 9% in FY26. Its return on capital used (ROIC) is 4.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.8% net margin and 0.85× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.8% net margin × 0.85× asset turnover × 1.53× leverage (assets divided by equity) ≈ 6.2% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 7.3% − 12.0% = −4.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 6.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Exide Industries have too much debt? Exide Industries Ltd has total debt of ₹1,575 Cr against shareholder equity of ₹13,931 Cr as of Jun 2026, so its debt is 0.11× its equity, which is very little. Year by year, that ratio went from 0.05 in FY22 to 0.11 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Exide Industries shareholding pattern? No group of Exide Industries Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved −0.4 points over the same period, to 17.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.9 points over 8 quarters, to 13.2%; Domestic institutions: −0.4 points over 8 quarters, to 17.6%; Promoters: +0.0 points over 8 quarters, to 46.0%. ## How far is Exide Industries from balance-sheet trouble? For Exide Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Exide Industries rank in its industry? 35.3 out of 100, rank 2 of 3 in Auto Ancillaries - Batteries, with 97% of the evidence available. Exide Industries Ltd scores 35.3 out of 100 against the 3 companies it is compared with in Auto Ancillaries - Batteries, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 15 + 10.1 + 3.3 + 6.9 = 35.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Exide Industries compared with? Exide Industries ranks 2 of 3 Auto Ancillaries - Batteries companies on the 4-Factor Sector Score, with 35.3 out of 100. 1. [Amara Raja Energy & Mobility Ltd](https://www.sectoralpha.in/stocks/amara-raja-energy-mobility-ltd) ARE&M · quiet · Evidence leans down · 79% evidence 38.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Revenue 12.7% · Profit 7% · Operating margin change -1 points · 95% evidence Capital efficiency 11.5/25 · ROCE 12.2% · Operating margin 10% · 76% evidence Valuation 11.1/20 · P/E 17.2× · PEG n/a · 35% evidence Relative strength 4.6/20 · Lead over its industry -8.3% · Lead over NIFTY 500 -15.1% · 1 year -31.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 11.2 + 11.5 + 11.1 + 4.6 = 38.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Exide Industries Ltd this page EXIDEIND · quiet · Evidence leans down · 97% evidence 35.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.0/35 · Revenue 7.6% · Profit 9.7% · Operating margin change 0 points · 100% evidence Capital efficiency 10.1/25 · ROCE 8.5% · Operating margin 11% · 100% evidence Valuation 3.3/20 · P/E 30.4× · PEG 4.78 · 85% evidence Relative strength 6.9/20 · Lead over its industry 2.3% · Lead over NIFTY 500 -6% · 1 year -12.1% · 100% evidence · 7 of 12 weeks ahead Exact sum: 15 + 10.1 + 3.3 + 6.9 = 35.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [CLN Energy Ltd](https://www.sectoralpha.in/stocks/cln-energy-ltd) quiet · Too little evidence to rank firmly · 34% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue n/a · Profit n/a · Operating margin change 1 points · 14% evidence Capital efficiency 18.3/25 · ROCE 22.5% · Operating margin 11% · 95% evidence Valuation 10.0/20 · P/E 19.9× · PEG n/a · 0% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -7% · 1 year n/a · 25% evidence · 6 of 11 weeks ahead Exact sum: 18.6 + 18.3 + 10 + 7.5 = 54.4 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - Batteries](https://www.sectoralpha.in/sectors/auto-ancillaries-batteries), all 3 compared on one page. ## Which companies are close to Exide Industries in size? Exide Industries is the largest of 3 Auto Ancillaries - Batteries companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Amara Raja Energy & Mobility and CLN Energy. ### Auto Ancillaries - Batteries companies close in size

1. Exide Industries Ltd ₹28,518 crore
2. [Amara Raja Energy & Mobility Ltd](https://www.sectoralpha.in/stocks/amara-raja-energy-mobility-ltd) ₹12,571 crore
3. [CLN Energy Ltd](https://www.sectoralpha.in/stocks/cln-energy-ltd) ₹408 crore

[All 3 Auto Ancillaries - Batteries companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-batteries#all-companies)

### Companies close in size in other industries

1. [Housing & Urban Development Corporation Ltd](https://www.sectoralpha.in/stocks/housing-urban-development-corporation-ltd) ₹28,641 crore · Finance - Housing
2. [ACME Solar Holdings Ltd](https://www.sectoralpha.in/stocks/acme-solar-holdings-ltd) ₹28,614 crore · Power - Generation/Distribution
3. Exide Industries Ltd ₹28,518 crore
4. [Tata Investment Corporation Ltd](https://www.sectoralpha.in/stocks/tata-investment-corporation-ltd) ₹28,475 crore · Finance - Holding Company
5. [Indian Renewable Energy Development Agency Ltd](https://www.sectoralpha.in/stocks/indian-renewable-energy-development-agency-ltd) ₹27,952 crore · Finance - PSU Lending

## What else do people ask about Exide Industries? ### What is Exide Industries's share price today? Exide Industries Ltd's share price is ₹368.40, −2.4% over the past year. The whole company is worth ₹31,268 Cr on the market. In the last 52 weeks it traded between ₹297 to ₹490; today it is 37% of the way up from the low, 6.2% below its 200-day average (as of 4 November 2026). ### What were Exide Industries's latest quarterly results? Exide Industries Ltd reported revenue of ₹5,528 Cr and net profit of ₹351 Cr for the Jun 2026 quarter. Revenue rose 17.7% and profit rose 27.6% compared with a year earlier. Earnings per share were ₹4.12. The operating margin was 11.0%, 0.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Exide Industries's market cap? Exide Industries Ltd's market capitalisation is ₹31,268 Cr at a share price of ₹368.40. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Exide Industries performing? Exide Industries Ltd's share price has been rising for 20 weeks. In its latest quarter, revenue rose 17.7% and profit rose 27.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 5 weeks running (as of 4 November 2026). ### Will Exide Industries's share price go up? This page does not forecast Exide Industries Ltd's share price. What it shows instead: the share price is ₹368.40, and it has been rising for 20 weeks. Its P/E of 33.3× is higher than 76% of its own last 11 years (as of 4 November 2026). ### Who owns Exide Industries? Promoters own 46.0% of Exide Industries Ltd, foreign institutions 13.2%, domestic institutions 17.6% and the public 23.2% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 4 November 2026). ### Does Exide Industries have too much debt? No, Exide Industries Ltd has little debt: its debt is 0.11× its equity, and its operating profit is 15 times its interest bill. FY26 borrowings were ₹1,575 Cr against equity of ₹13,905 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Exide Industries in its business cycle? Exide Industries Ltd's FY26 operating margin was 10.0%, against a 13-year range of 10.0% to 13.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Exide Industries story? Biggest thing to watch: the P/E is higher than 76% of its own history, so the multiple has already done part of the work. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Exide Industries a stock worth studying right now? What the numbers show: Exide Industries Ltd's earnings have grown faster than its share price. Earnings per share grew +7.5% in a year while the price moved −2.4%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Exide Industries share price forecast for 2026? What management itself guided: Revenue contribution from the Bengaluru EESL plant to commence during the current financial year. 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. What would change the story: 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. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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