Is Exide a good stock to buy?

Investing.com — Battery maker Exide Industries (NS: EXID ) numbers for the third quarter of FY2021, ended December 2020, came out strong. The company’s net profit more than doubled to Rs 239.87 crore for Q3 FY21 from Rs 118.15 in the corresponding quarter in FY20.

What is the future of Amara Raja Batteries?

The management has plans for expanding its 4-Wheeler capacity by 2-2.5 million to 12 million and 2-Wheeler capacity by 4 million units to 19 million. Amara Raja is expected to complete their greenfield expansion of its third plant in FY 2021.

Is Exide a good stock for long term?

Exide has been a very strong stock for quite a while, good long term. It is good long term investment stock.

Is amaron and Amara Raja same?

The Amara Raja Group is known for its automotive battery brand Amaron, the second largest selling automotive battery brand in India after Exide Industries. Amara Raja Batteries was named on Asia’s ‘Best Under A Billion’ 2010 list of companies compiled by Forbes magazine.

Which stock is better Exide or Amara Raja?

In a financial analysis, PE ratio, ROCE & ROE all 3 parameters are considered very important. And in all these 3 parameters Amara Raja Batteries is performing better. In terms of technology support and technology partner too, Amara Raja Batteries seems to have an upper hand over Exide Industries.

What is the future of Exide battery?

Exide Industries said it plans to set up a Tesla-style giga factory for lithium-ion batteries in the near future using the government’s production-linked incentive (PLI) scheme. The company will finalise details of its cell battery-making facility once the PLI related to the segment is announced.

Who is the owner of Amara Raja Batteries?

Dr. Ramachandra N Galla
Dr. Ramachandra N Galla (Dr. Galla) is the Founder Chairman of the Rs. 8000 Crore Amara Raja Group of companies and has built this conglomerate group from grass roots levels over the last 36 years.

Does Amara Raja produce lithium ion battery?

Amara Raja Batteries, the country’s second-largest automotive battery maker, has opened the country’s maiden technology hub to develop lithium-ion cells, at its Tirupati facility in Andhra Pradesh.

Is Exide debt free company?

Here’s Why Exide Industries (NSE:EXIDEIND) Can Manage Its Debt Responsibly. Importantly, Exide Industries Limited (NSE:EXIDEIND) does carry debt.

Which companies use Amara Raja Batteries?

Amara Raja Batteries Ltd ARBL supplies automotive batteries under OE relationships to Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Ashok Leyland, and Tata Motors, Honda Motorcycles & Scooters India Private Ltd, Royal Enfield, Bajaj Auto Ltd among others.

Is Amara Raja debt free?

What Is Amara Raja Batteries’s Debt? As you can see below, Amara Raja Batteries had ₹343.4m of debt at September 2020, down from ₹468.0m a year prior. However, its balance sheet shows it holds ₹6.59b in cash, so it actually has ₹6.25b net cash.

What is Amara Raja Batteries falling?

Amara Raja Batteries declined 2.84\% to Rs 631.1, extending its losing run to eighth trading session in a row. Shares of the battery maker have lost 10.79\% in eight trading sessions from its previous closing high of Rs 707.45 posted on 9 November 2021.