By [Jack]
Oct 5, 2024
Exide Industries Limited is India’s leading manufacturer of lead-acid batteries and has been pivotal in the growth of energy storage solutions across the country. Established in 1947, the company serves the automotive, solar, telecom, and industrial sectors, and is increasingly focusing on lithium-ion batteries for electric vehicles (EVs). With a current market capitalization of ₹427.87 billion, Exide has solidified its position in the industry.
This article will provide a detailed analysis of Exide’s share price target for 2024, 2025, 2030, 2040, and 2050, including insights into the company’s annual report, financials, competitors, risk factors, future plans, and much more.
Discover Exide Share Price Target for 2024, 2025, 2030, 2040, and 2050. Explore financials, competitors, risks, and future growth plans.
Company Background
Exide Industries has been at the forefront of the battery manufacturing industry for decades. With products spanning from automotive to energy storage solutions, Exide is a household name in India and beyond. It has recently ventured into the fast-growing electric vehicle (EV) battery segment, positioning itself for long-term growth.
Exide’s total market capitalization stands at ₹427.87 billion, and the company provides batteries to sectors like automotive, solar, telecom, and the Indian Navy. Its shift towards lithium-ion battery production ensures it stays relevant in a rapidly changing market.
Exide Share Price Target: Yearly Table 2024 to 2050
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2024 | 423 | 651 |
| 2025 | 501 | 841 |
| 2030 | 1201 | 1499 |
| 2040 | 1541 | 1899 |
| 2050 | 3201 | 3899 |
Summary:
- 2024: Exide’s share price is expected to range from ₹423 to ₹651, driven by strong demand in automotive and industrial batteries, and an increasing focus on lithium-ion batteries for electric vehicles.
- 2025: By 2025, Exide’s stock could trade between ₹501 and ₹841, with growth powered by strategic partnerships and innovations in the industrial and EV sectors.
- 2030: In 2030, the stock is projected to range from ₹1201 to ₹1499, as Exide establishes itself as a leader in the EV battery market and continues expanding its energy storage solutions.
- 2040: By 2040, Exide’s share price is expected to range between ₹1541 and ₹1899, largely due to global expansion and growth in renewable energy storage.
- 2050: Exide’s long-term growth strategy will push its stock to ₹3201 to ₹3899 by 2050, positioning itself as a global leader in energy storage and EV battery technologies.
Exide Share Price Target for 2024
Exide has been experiencing steady growth in demand for its industrial and automotive batteries, which will contribute to an increase in its share price by 2024. The company’s efforts in ramping up lithium-ion battery production for electric vehicles (EVs) will further boost its financials.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2024 | 423 | 651 |
Summary: In 2024, Exide’s stock price is projected to range between ₹423 and ₹651, driven by strong growth in automotive and industrial sectors, along with increasing demand for electric vehicle batteries.
Exide Share Price Target for 2025
In 2025, Exide is expected to grow its market share further by focusing on industrial batteries and expanding its customer base through partnerships with major players like Tata and Hitachi. The company is also actively developing its electric vehicle battery offerings, which will play a key role in its stock performance.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2025 | 501 | 841 |
Summary: By 2025, Exide’s share price is likely to range between ₹501 and ₹841, as it strengthens its foothold in the industrial and EV sectors through innovation and strategic partnerships.
Exide Share Price Target for 2030
By 2030, Exide is expected to lead the Indian battery market, particularly in the lithium-ion segment, as electric vehicles (EVs) become mainstream. The company’s investments in R&D and production capacity will position it as a key supplier of energy storage solutions.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2030 | 1201 | 1499 |
Summary: By 2030, Exide’s stock price will likely range from ₹1201 to ₹1499, largely due to its leadership in EV battery production and the growing need for energy storage solutions across industries.
Exide Share Price Target for 2040
By 2040, Exide will benefit from increasing demand for batteries, not only for electric vehicles but also for renewable energy storage. The company’s growing global presence and its focus on innovation will support its long-term stock performance.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2040 | 1541 | 1899 |
Summary: Exide’s price in 2040 is expected to range between ₹1541 and ₹1899, driven by robust demand for energy storage solutions and the company’s continued global expansion.
Exide Share Price Target for 2050
Exide’s growth strategy for 2050 includes international expansion and leadership in energy storage technologies, such as lithium-ion batteries. The company’s focus on innovation and sustainability will contribute to its long-term success in both developed and emerging markets.
| Year | Minimum Price (₹) | Maximum Price (₹) |
|---|---|---|
| 2050 | 3201 | 3899 |
Summary: By 2050, Exide’s stock price is projected to range between ₹3201 and ₹3899, as the company continues to dominate in global energy storage and EV battery markets.
Annual Report (2023-24) Summary
The Exide Annual Report for 2023-24 provides detailed insights into the company’s financial performance and strategic direction. Below are key takeaways:
- Revenue Growth: Exide recorded ₹16,028 crore in total revenue, growing by 9.8% year-on-year.
- EBITDA Growth: EBITDA for 2023-24 grew by 19.2%, maintaining a debt-free status.
- Lithium-Ion Expansion: Exide is setting up a 12 GWh lithium-ion cell manufacturing facility, slated to be operational by 2025.
- Sustainability Focus: The company is aiming for 30% renewable energy capacity by 2030, in line with global sustainability goals.
- Profit After Tax (PAT): Exide’s PAT stood at ₹510 crore, reflecting a 16.3% growth.
Risk Factors
Investing in Exide comes with certain risks. Here are the key factors to consider:
- High Competition: Exide faces tough competition from both domestic players like Amara Raja and international giants like Panasonic and Luminous.
- Technological Disruption: The battery industry is evolving rapidly, and any lag in innovation could hurt Exide’s market position.
- Economic Slowdowns: Any downturn in the global or domestic economy could affect demand in the automotive and industrial sectors.
- Raw Material Volatility: Fluctuations in raw material prices, especially lead, could impact Exide’s profitability.
Future Plans
Exide has laid out several ambitious plans for future growth, including:
- Lithium-Ion Cell Production: Exide plans to become a leading player in the electric vehicle (EV) battery space by setting up a 12 GWh lithium-ion cell manufacturing facility.
- Global Expansion: Exide aims to expand its market presence globally, particularly in Africa and Southeast Asia.
- Sustainability Initiatives: The company is increasing its use of recycled materials and renewable energy in production, aiming to reduce its carbon footprint by 2030.
- Innovation in EV Batteries: Exide plans to significantly increase its production of EV batteries, targeting both domestic and international markets.
Competitors
Exide competes with several prominent companies in the battery and energy storage sectors. Below are five key competitors:
- Amara Raja Batteries: A direct competitor in both the automotive and industrial battery segments.
- Luminous Power Technologies: Known for its home inverter and energy storage products.
- Panasonic Energy India: Competes with Exide in the lead-acid and lithium-ion battery sectors.
- HBL Power Systems: Specializes in industrial batteries and energy storage solutions.
- Livguard: Offers a wide range of inverters and automotive batteries, directly competing with Exide in India.
Pros and Cons
Pros:
- Market Leadership: Exide holds a dominant position in the Indian battery market.
- Debt-Free: The company’s debt-free status allows for future investments without financial strain.
- EV Battery Growth: Exide’s focus on lithium-ion batteries positions it well for the electric vehicle boom.
- Sustainability Initiatives: The company’s commitment to renewable energy and recycling boosts its long-term sustainability.
Cons:
- High Competition: Exide faces intense competition from both domestic and global players.
- Technological Risks: The battery industry is constantly evolving, and Exide needs to keep pace with innovation.
- Economic Sensitivity: Any economic downturn could impact the automotive and industrial sectors, affecting Exide’s revenue.
FAQs
1. Is Exide a good long-term investment?
Yes, Exide’s solid market leadership, strong financials, and growth in the EV battery sector make it a promising long-term investment.
2. What are the risks of investing in Exide?
Key risks include high competition, technological disruptions, and raw material price volatility.
3. What are Exide’s future plans?
Exide is expanding its lithium-ion battery production, focusing on global markets, and prioritizing sustainability initiatives.
4. Who are Exide’s main competitors?
Exide competes with companies like Amara Raja, Luminous, Panasonic, HBL Power, and Livguard.
5. What is Exide’s market capitalization?
As of 2024, Exide’s market cap stands at ₹427.87 billion.
Conclusion
Exide Industries Limited is well-positioned to take advantage of the growing demand for electric vehicle batteries and renewable energy storage. Its strong financial foundation, market leadership, and focus on innovation make it a compelling investment for the long term. With ambitious plans for global expansion and sustainability, Exide is a strong player in the future of energy storage solutions.
Disclaimer: This is just an estimate that the share target of Exide can be this much. If you want to invest then talk to an advisor and then invest. News.Homedecore24.com will not take any responsibility if your money is lost.se invest money at your own risk.