![]() The stock hit a new 52-week high of ₹273.45 apiece on Friday, trading at nearly 19 times its FY25 estimated earnings, according to the Bloomberg data. To be sure, the sharp rally in Exide’s shares suggests investors are factoring in a good share of the optimism. Further, the demand from the industrial division has tailwinds in the form of public and private capex on the back of upcoming elections. ![]() Within the core business, demand from the automotive division is on a strong footing. Meanwhile, faster electrification in the automobile industry is a threat to its core business, though the lithium-ion business could compensate to a certain extent. ![]() However, the intensifying competition is a key risk with companies such as Ola Electric, Reliance Industries and Tata group entering the lithium-ion manufacturing segment, he added. A positive development on this front would lead to re-rating of the Exide stock," said Mumuksh Mandlesha, an analyst at Anand Rathi Institutional Equities. 66 Month Warranty Know more Exide Mileage Easy to use batteries, delivered in factory-charged, ready-to-use condition. In case your Exide car battery face glitches you can dial the emergency Exide BATMOBILE Service helpline number 180. Exide Matrix Maintenance free car battery. “The transition from lead acid business to lithium-ion does not offer good revenue visibility in the near term as Exide is yet to acquire anchor customers for its plant. Once again thank you for the good service and I wish the company a lot of success. Similarly it deals with Inverter battery followed by 2 wheeler motorcycle batteries. Having said that, the path ahead is not without bumps. Exide Product ranges starts from automotive segment which includes Passanger car batteries, Light commercial vehicle and Heavy commercial vehicle batteries and with three product specific batteries E-ride for E-rickshaw, Jaikisan for Tractor and Eko for 3 wheeler. “Lithium-ion cell plant should be ready by FY25-end and may have single digit margin initially, and reach mid-teens in medium term in line with global peers at higher capacity utilization," said a report by Prabhudas Lilladher dated 7 September. According to the company’s FY23 annual report, the proposed investment for the lithium-ion manufacturing facility is ₹6,000 crore.
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