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Is it worth investing in Exide?
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.
Is Exide Industries undervalued?
The stock is currently trading at ₹223.6 on the share market, which means it is overvalued by 83\% compared to my intrinsic value of ₹122.12. This is because the stock is less volatile than the wider market given its low beta.
Which share is better Exide or Amaraja?
As per the market capitalization, Exide Industries is a bigger company. Amara Raja Batteries look slightly more attractive in terms of PE ratio. From the point if view of ROCE & ROE as well Amara Raja Batteries scores better. Virtually, both companies are debt free.
Who owns Exide Industries?
Rajan Raheja Group
Exide Industries
| Type | Public |
|---|---|
| Total assets | ₹7,751 crore (US$1.0 billion) (2018) |
| Owner | Rajan Raheja Group |
| Subsidiaries | Exide Life Insurance |
| Website | www.exideindustries.com |
Is Exide Industries debt free company?
Here’s Why Exide Industries (NSE:EXIDEIND) Can Manage Its Debt Responsibly. Importantly, Exide Industries Limited (NSE:EXIDEIND) does carry debt.
What is the Intrinsic Value of Exide Industries?
Exide Industries
| As Of | Intrinsic Value | Market Price |
|---|---|---|
| 30 Sep 2021 | Rs. 113.27 | Rs. 178.25 |
| 13 Dec 2021 | —- | Rs. 167.35 |
| -1.35 -0.81\% |
Why do Exide Batteries share and fall?
“Underperformance of Exide Industries can be mainly attributed to market share loss in the automotive OEM segment (Amara Raja Batteries added two new accounts in the two-wheeler OEM segment), the automotive replacement segment (Amara Raja Batteries reported double-digit volume growth in this segment versus single-digit …
Which is best Exide or amaron?
Amaron suggests going with 9.8 volts cranking voltage or higher. Exide also manufactures car batteries with high CCA and RC, and thus, falls under the best car battery in the India category.