Exide ka EV Bet: ₹100 Cr Fund Diya Subsidiary Ko, Par Stock Thoda Hila!

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AuthorIshaan Verma|Published at:
Exide ka EV Bet: ₹100 Cr Fund Diya Subsidiary Ko, Par Stock Thoda Hila!
Overview

Exide Industries ne apni poori tarah se owned subsidiary Exide Energy Solutions Ltd (EESL) mein **₹100 crore** daal diye hain. Yeh paisa Bengaluru mein ek naye lithium-ion battery manufacturing plant ke liye hai, taaki company India ke badhte electric vehicle (EV) market mein apni jagah bana sake. Parent company Exide Industries ke Q3 results toh stable hi rahe hain.

Yeh Investment Hai Kahan Ke Liye?

Yeh investment Exide Industries ka EV battery sector mein ek bada strategic move hai, jo ek future growth area hai. EESL ko apna naya greenfield manufacturing unit install karne mein isse madad milegi, jisse woh India ki badhti hui e-mobility aur stationary power needs ko target kar sake. Ye sab tab ho raha hai jab Exide ka established lead-acid battery business abhi stable chal raha hai.

Market Ka Reaction Kya Hai?

Is khabar ke baad Exide Industries ka stock Tuesday ko 0.55% gir kar ₹336.45 par band hua. Lagta hai investors thode cautious hain kyunki EESL abhi loss mein hai, aur is venture mein kaafi bada capital lagana pad raha hai. Ab tak Exide Industries ne EESL mein total ₹4,352.23 crore invest kar diye hain. Waise, Exide Industries ka Q3 profit 4.9% badh kar ₹257 crore aur revenue 4.7% badh kar ₹4,029 crore raha.

Valuation Aur Market Potential:

Exide Industries ka TTM P/E ratio lagbhag 32.4 hai aur market cap ₹28,755.5 crore hai. Iske mukable peer company Amara Raja ka TTM P/E 15.1 aur market cap ₹15,688.6 crore hai. India mein EV battery market kaafi tezi se badhne wala hai; 2025 mein 17.7 GWh se 2032 tak 256.3 GWh ho sakta hai. Government bhi support kar rahi hai Production Linked Incentive (PLI) scheme ke through, lekin capacity commission karna dheere-dheere ho raha hai.

Analyst Log Kya Keh Rahe Hain?

Nomura ne toh February 2026 mein Exide ko 'Buy' rating di thi aur ₹398 ka target set kiya tha. Lekin Kotak Institutional Equities ne November 2024 mein 'Sell' rating rakhi thi target ₹300 ke saath, unhe OEM slowdown aur margin pressure ki chinta hai.

Asli Risk Aur Challenges:

Asal issue yeh hai ki subsidiary EESL ne FY25 mein ₹209.12 crore ka loss report kiya hai, jabki revenue sirf ₹116.89 crore tha. Iska matlab hai ki EESL ko aur bhi paisa lagega, jo parent company ki financials par pressure daal sakta hai. Competition bhi tough hai aur raw materials jaise silver, copper, sulphur, tin ke prices bhi record high hain, jisse production cost badh rahi hai.

Aage Ka Rasta:

Exide Industries ko umeed hai ki woh FY27 tak debt-free rahegi aur capital expenditures internal accruals se manage karegi. Company ko lagta hai ki aage teen saal mein unka topline ₹20,000 crore aur 2030 tak ₹25,000 crore ho jayega, jismein lithium-ion battery business ka bada contribution hoga. JPMorgan ne ₹425 ka target diya hai. Company ke paas ek mazboot balance sheet hai, jo is bade EV battery venture ke liye support karega.

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