Exide Industries Ltd.
ABOUT
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India.
KEY POINTS
Storage Batteries Segment (74% of revenues)
The company is the leading storage batteries manufacturer in India and with a leader in almost all categories in the Automotive, Industrial, and submarine sectors.
Presently, the Automotive sector accounts for 73% of revenues of the segment, followed by industrial (26%) and submarine (1%). The industrial battery customers are primarily from the power, solar, railways, telecom, and UPS sectors.
Distribution Network
The company has a wide distribution network with 150+ warehouses and sales offices and 55000 direct & indirect dealers across India.
Customer Base
The company has almost all 4-wheeler, 3-wheeler, and 2-wheeler automotive companies as its customers in India. Its industrial customers include Emerson, Ericsson, Hitachi, Cipla, General Electric, Mitsubishi, Godrej, BSNL, Finolex, BHEL, Tata, NTPC, Indus Towers, and others.
Revenue Breakup
by business :
a. Institutional - 30%
b. Non-institutional - 70%
by geography
a. Domestic - 93%
b. Exports - 7%
The company has a global footprint with exports to 50+ countries/ locations.
Collaborations
The company has technical collaborations with various worldwide companies for various areas/ products.
It has short/long-term collaborations with Hitachi, Furukawa from Japan; American Battery, East Penn from the USA; Moura (Brazil), E-coult (Australia), and Leclanche (Switzerland).
Manufacturing Capabilities
The company has 9 plants at strategic locations in India with a production capacity of 57 million units of automotive power and 5 billion ah of industrial power.
Its plants are located in Ahmednagar, Bawal, Chinchwad, Haridwar, Roorkee, Taloja, Haldia, Hosur & Shyamnagar cities in India.
Foray into Lithium-ion Battery Business
In 2018, The company has entered the domestic lithium battery business by forming a JV with Leclanche SA in a ratio of 75:25. The JV is established to start assembling lithium-ion batteries in India in FY21 from cells sourced from overseas and then gradually set up backward integration facilities for manufacturing cells in India.
Presently, the company's assembling lines have a total capacity of ~1.5 GWh.
The company has been acquiring a stake in Lelanche SA in the subsidiary Exide Leclanche Energy Pvt Ltd.
It acquired a ~7.7% stake in its partner for ~106 crores between Aug 2020 & April 2021.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Stock traded at 52-Weeks high.
2. Average traded and delivered quantity.
3. Aggressive Short covering in FUT.
4. Call writers unwinding their position in 200 Strike price.
FUNDAMENTAL ANALYSIS.
Sector: Auto Ancillaries
1. Market Cap - ₹ 16,201 Cr.
2. Stock P/E - 20.7
3. Price to book value - 1.48
4. Debt to equity - 0.05
5. Free Cash Flow - ₹ -603 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #exide #batteries
ABOUT
Exide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India.
KEY POINTS
Storage Batteries Segment (74% of revenues)
The company is the leading storage batteries manufacturer in India and with a leader in almost all categories in the Automotive, Industrial, and submarine sectors.
Presently, the Automotive sector accounts for 73% of revenues of the segment, followed by industrial (26%) and submarine (1%). The industrial battery customers are primarily from the power, solar, railways, telecom, and UPS sectors.
Distribution Network
The company has a wide distribution network with 150+ warehouses and sales offices and 55000 direct & indirect dealers across India.
Customer Base
The company has almost all 4-wheeler, 3-wheeler, and 2-wheeler automotive companies as its customers in India. Its industrial customers include Emerson, Ericsson, Hitachi, Cipla, General Electric, Mitsubishi, Godrej, BSNL, Finolex, BHEL, Tata, NTPC, Indus Towers, and others.
Revenue Breakup
by business :
a. Institutional - 30%
b. Non-institutional - 70%
by geography
a. Domestic - 93%
b. Exports - 7%
The company has a global footprint with exports to 50+ countries/ locations.
Collaborations
The company has technical collaborations with various worldwide companies for various areas/ products.
It has short/long-term collaborations with Hitachi, Furukawa from Japan; American Battery, East Penn from the USA; Moura (Brazil), E-coult (Australia), and Leclanche (Switzerland).
Manufacturing Capabilities
The company has 9 plants at strategic locations in India with a production capacity of 57 million units of automotive power and 5 billion ah of industrial power.
Its plants are located in Ahmednagar, Bawal, Chinchwad, Haridwar, Roorkee, Taloja, Haldia, Hosur & Shyamnagar cities in India.
Foray into Lithium-ion Battery Business
In 2018, The company has entered the domestic lithium battery business by forming a JV with Leclanche SA in a ratio of 75:25. The JV is established to start assembling lithium-ion batteries in India in FY21 from cells sourced from overseas and then gradually set up backward integration facilities for manufacturing cells in India.
Presently, the company's assembling lines have a total capacity of ~1.5 GWh.
The company has been acquiring a stake in Lelanche SA in the subsidiary Exide Leclanche Energy Pvt Ltd.
It acquired a ~7.7% stake in its partner for ~106 crores between Aug 2020 & April 2021.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Stock traded at 52-Weeks high.
2. Average traded and delivered quantity.
3. Aggressive Short covering in FUT.
4. Call writers unwinding their position in 200 Strike price.
FUNDAMENTAL ANALYSIS.
Sector: Auto Ancillaries
1. Market Cap - ₹ 16,201 Cr.
2. Stock P/E - 20.7
3. Price to book value - 1.48
4. Debt to equity - 0.05
5. Free Cash Flow - ₹ -603 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #exide #batteries