Exide Inds. (EXIDEIND)

FairStock Score: 59/100 — STEADY

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a business that earns high returns on capital, sells at a sensible price, and offers a margin of safety. Exide Inds. is a known auto components name with a ₹40,469 Cr market cap at ₹476.10. Its balance sheet is conservative: debt/equity is only 0.11, and promoter holding is 45.99%. The latest quarter showed sales of ₹4,201 Cr and net profit of ₹195 Cr. Recent growth looks strong: sales up 17.47% and profit up 27.09%, while the Piotroski F-Score is 8/9. That suggests operational improvement. But I do not see a wide moat in the numbers: ROE of 5.94% and ROCE of 8.65% are not what I expect from a business with strong pricing power. Free cash flow is negative ₹661 Cr, so growth may be consuming cash. The five-year revenue CAGR is only 3.56%, which tells me the long-term growth record is modest despite the latest uptick. Valuation is the bigger problem. At ₹476.10, the P/E is 43.48, P/B is 2.91, and EV/EBITDA is 87.75. The Graham Number is ₹189.11, giving a margin of safety of -76.78%. The stock is near its 52-week high of ₹496.40 and far above the low of ₹287.00. Altman Z-Score of 2.54 is not distress, but it is not fortress-like either. Dividend yield is only 0.42%, and FairStock score is 59/100 STEADY. I like the low leverage, promoter stake, and improving F-Score. I do not like negative FCF, weak ROE/ROCE, slow five-year revenue growth, or the rich multiples. At this price, Exide is no bargain. I would wait for better cash generation, higher returns on capital, or a lower price before considering it.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer