Exide Industries Ltd. is a leading manufacturer of lead-acid storage batteries in India, catering to various sectors, including automotive, industrial, and renewable energy. As of October 14, 2024, the Exide share price is ₹524.45, reflecting a decrease of 1.14% from the previous trading session. The stock opened at ₹533.20 and has seen a trading volume of over 2.15 million shares so far today.
Exide Share Price in Today’s Market
In today’s trading session, the Exide share price reached a high of ₹534.40 and a low of ₹522.50. The current market capitalization stands at approximately ₹44,544 crore, underscoring its significant presence in the battery manufacturing industry.
Exide Financial Overview
Exide Industries has an enterprise value of ₹44,525.58 crore and approximately 85 crore shares outstanding. The company’s P/E ratio is reported at 41.03, while its P/B ratio stands at 3.34. Recent financial reports indicate a sales growth rate of 9.85% and a profit growth rate of 16.53%. With cash reserves of ₹222.67 crore and no debt on its balance sheet, Exide demonstrates solid fundamentals.
Exide Share Pros & Cons
Pros:
- Strong Profit Growth: A profit growth rate of 16.53% reflects effective management and operational efficiency.
- Healthy Sales Growth: A sales growth rate of 9.85% indicates robust demand for its products.
- No Debt: With no debt on its balance sheet, Exide is well-positioned to invest in future growth opportunities.
Cons:
- High Valuation Ratios: A P/E ratio of 41.03 raises concerns about whether the stock is overvalued compared to industry peers.
- Market Volatility: A beta of 1.28 indicates that the stock is more volatile than the broader market, which can pose risks for conservative investors.
- Low Dividend Yield: With a dividend yield of only 0.38%, income-focused investors may find this stock less appealing.
Indiahood Recommendation on Exide Share: Buy or Sell?
Considering the current market conditions and the fundamentals surrounding Exide Industries Ltd., it is advisable to hold your position for now while monitoring market trends closely. Investors should wait for clearer signals before making new investments.
Conclusion
In summary, while the recent decrease in Exide’s share price may raise concerns among investors, its strong sales and profit growth provide compelling reasons to consider holding onto this stock. However, potential investors should also be aware of high valuation ratios before making investment decisions.
Disclaimer
This article is for informational purposes only and should not be considered as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
