Exide Industries Ltd is India’s largest manufacturer of lead-acid storage batteries, serving automotive, industrial, and inverter segments. Founded in 1947 and headquartered in Kolkata, the company commands over 40% market share in the organized automotive battery segment. With a strong brand, pan-India distribution network, and growing presence in lithium-ion technology, Exide remains a key player in India’s mobility and energy storage ecosystem. Despite modest growth in recent quarters, its debt-free balance sheet and consistent profitability make it a stable compounder. This article provides a data-backed outlook on the Exide Industries share price target 2026–2030
Exide Industries Ltd: Company Overview
- Founded: 1947
- Headquarters: Kolkata, West Bengal
- Key Segments: Automotive Batteries (75%), Industrial & Inverter Batteries (25%)
- Strategic Edge: Market leader with 40%+ share in organized automotive battery segment; expanding into lithium-ion and energy storage
- Manufacturing: 8 plants across India; R&D center in Bengaluru
Exide benefits from rising vehicle sales, replacement demand, and the government’s push for EV infrastructure. While lead-acid remains core, the company is investing in future-ready technologies through joint ventures and pilot projects.
Exide Industries Ltd: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹212.00 |
| Market Capitalization | ₹27,327.50 Cr |
| No. of Shares Outstanding | 85 Cr |
| 52-Week High / Low | ₹265 / ₹182 |
| P/E Ratio (TTM) | 26.26 |
| P/B Ratio | 1.78 |
| EPS (TTM) | ₹12.24 |
| Book Value (TTM) | ₹180.48 |
| ROE | 7.81% |
| ROCE | 10.78% |
| Dividend Yield | 0.62% |
| Face Value | ₹1 |
| Cash | ₹115.88 Cr |
| Total Debt | ₹0 Cr |
| Sales Growth (YoY) | 3.49% |
| Profit Growth (YoY) | 2.28% |
| Promoter Holding | 45.99% |
Exide Industries Ltd Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹225 – ₹250 |
| 2027 | ₹240 – ₹275 |
| 2028 | ₹255 – ₹300 |
| 2029 | ₹270 – ₹330 |
| 2030 | ₹285 – ₹360 |
Exide Industries Ltd Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹225 | ₹250 |
Exide reported modest 3.49% sales growth and 2.28% profit growth in FY2025, reflecting stable but slow expansion. Trading at a P/E of 26.26x—slightly above the auto ancillary sector average—the stock reflects a premium valuation for its market leadership. With zero debt and ₹115 Cr cash, the balance sheet is robust. A 2026 target of ₹225–₹250 assumes steady volume growth and margin stability.
Exide Industries Ltd Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹240 | ₹275 |
The company’s focus on premium battery segments and rural penetration could support top-line acceleration. If EPS reaches ₹13.50–₹14.50 by FY27 and P/E stabilizes at 25–26x, the 2027 range of ₹240–₹275 is realistic.
Exide Industries Ltd Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹255 | ₹300 |
By 2028, benefits from scale, product mix shift toward high-margin offerings, and early lithium-ion contributions should reflect in profitability. Assuming EPS of ₹14.50–₹16.00 and P/E of 25–27x, the ₹255–₹300 band is justified.
Exide Industries Ltd Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹270 | ₹330 |
Long-term tailwinds include India’s vehicle parc growth, EV adoption (for 12V auxiliary batteries), and inverter demand from power instability. Risks include raw material (lead) volatility and competition from Amara Raja. Using a P/E of 26–28x on projected EPS (~₹15–₹17), the 2029 target is ₹270–₹330.
Exide Industries Ltd Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹285 | ₹360 |
Over a five-year horizon, Exide’s value lies in its irreplaceable brand, distribution, and asset-light model—not explosive growth. A terminal P/E of 27–29x on FY30 EPS (~₹15.50–₹18) supports the ₹285–₹360 range.
Exide Industries Ltd: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 45.99% |
| Public & Retail | 24.39% |
| Domestic Institutional Investors (DII) | 18.71% |
| Foreign Institutional Investors (FII) | 10.91% |
| Others | 0% |
Stable promoter holding ensures strategic continuity, while rising institutional interest reflects confidence in governance.
Exide Industries Ltd: Strengths vs Risks
Strengths:
- Zero debt and consistent profitability for over 25 years
- Market leader in automotive batteries with strong brand recall
- Asset-light model with high return on capital employed (ROCE: 10.78%)
- Expanding into lithium-ion and energy storage for future growth
Risks:
- Modest sales and profit growth (3–4% CAGR) limit upside
- ROE (7.81%) is low for current P/E (26x)—valuation mismatch
- Lead price volatility impacts margins
- Slow transition to next-gen battery tech vs global peers
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate |
| Ideal Time Horizon | 3–5+ years |
| Volatility | Lower than market average |
| Dividend/Income Potential | Minimal (0.62% yield) |
| Best For | Quality-focused investors seeking stable auto ancillary exposure |
- 52-week high: ₹265
- 52-week low: ₹182
- Disappointing sales growth (3.49%)
- Rich valuation (P/E: 26x) amid modest returns (ROE: 7.8%)
- Broader market rotation away from low-growth consumer durables
Final Verdict
Exide Industries is a financially sound, debt-free leader in a stable industry. While it lacks explosive growth, its brand strength, distribution, and strategic pivot to energy storage offer long-term resilience. Our Exide share price target 2026–2030 (₹225 to ₹360) reflects gradual appreciation driven by earnings quality—not speculation.
Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.
Sources
- Screener.in – Exide Industries Consolidated Page (FY2025 + TTM)
- Finology Ticker – EXIDEIND Financial Ratios & Valuation
- Exide Investor Presentation (Q3 FY26, Nov 2025)
- BSE India – Annual Report FY2025
- Society of Indian Automobile Manufacturers (SIAM) – Battery Demand Outlook
