Export ka Naya Plan!
Yaar, Exide Industries bahar se maal bechne par full focus kar raha hai. Latest trade agreements jo US aur EU ke saath hue hain, unka fayda uthane ka plan hai. Iske alawa, Europe mein ek special partner ke saath tie-up hua hai. Is sabse company ko umeed hai ki export ka hissa current 5% se badhkar 8-9% ho jayega by FY27. Aur yeh koi chota-mota nahi, isse next two fiscal years mein ₹400-500 crore ka extra revenue generate hone wala hai. Socho, international market mein phir se apna jalwa dikhane ki taiyari hai!
Domestic Market Mein Mixed Picture
Ab agar India ki baat karein, toh Exide ne Q3 FY26 mein apne overall business (Telecom chhod kar) mein 10% ka growth dikhaya hai. Auto OEM segment toh kamaal kar raha hai, growth 25% se bhi zyada hai, aur company ka market share bhi badha hai. Auto replacement market mein bhi aane wale fiscal year mein achhi double-digit growth ki ummeed hai. Lekin sab kuch itna bhi smooth nahi hai. Company ke business ka 8% jo ek specific area hai, woh 38% tak gir gaya hai. Is wajah se, overall domestic gains thode kam ho gaye, lekin auto waale segments zaroor strong performance de rahe hain.
Margin Improve Hua, Ab Bade Targets!
Operationally dekho toh Exide ne phir se apna game dikhaya hai. Q3 mein EBITDA margin sequential basis par 221 basis points badha hai. Yeh tab hua hai jab raw material ke prices mein bhi pressure tha. Iska credit jaata hai badhti hui volumes, better product mix, aur cost control efforts ko. Company ne bade financial targets bhi set kiye hain – next three years mein ₹20,000 crore ka turnover aur 2030 tak ₹25,000 crore ka target. Current market mein Exide ka P/E ratio 30.8 se 33.76 ke beech mein hai aur market cap lagbhag ₹27,300 - ₹27,900 crore hai. Competitor Amara Raja Energy & Mobility ke comparison mein Exide ka valuation zyada hai, jiska P/E 14.9-17.01 aur market cap ₹14,900 - ₹15,300 crore tha. Yeh dikhata hai ki investors ko Exide ke growth plans par bharosa hai.
Analysts Kya Bolte Hain?
Analysts ka view thoda mila-jula hai. Average price target lagbhag ₹428 hai, jo current trading price se 30% upar hai. Lekin pichhle teen mahine mein 14 analysts ka consensus rating 'neutral' raha hai. Indian auto sector 2026 mein 6-8% grow kar sakta hai. US-India trade deal se auto components par tariff kam hone se Indian companies ko export mein fayda hoga, aur Exide iska fayda utha sakta hai.