Amara Raja Energy & Mobility Limited stands as India’s foremost manufacturer of automotive batteries and related products. They offer a diverse portfolio that includes lead-acid batteries branded as Amaron, PowerZone, Power Stack, Amaron Volt, Quanta, QRS, and Genpro. Their products are exported to more than 50 countries and serve critical sectors such as UPS, Telecom, Railways, Motive, and Defence. Amara Raja is recognized for introducing Valve Regulated Lead Acid (VRLA) batteries to India.
The company is at the forefront of Li-ion technology investment, developing advanced Li-ion cells, battery packs, and charging solutions for Light Electric Vehicles and the telecom industry. Their cutting-edge Gigafactory further underscores their commitment to innovation. Amara Raja boasts an impressive client roster that includes automotive giants like Maruti Suzuki, Hyundai, Ford, Tata Motors, Mahindra, Honda, and Renault Nissan. Their achievements span powering iconic landmarks like the Taj Mahal, supplying batteries for every third car in Singapore, and servicing every second telecom tower in India.
Latest News on Amara Raja Energy & Mobility
- Flood Relief Efforts: Amara Raja Group donated ₹2 crore to flood relief efforts in Andhra Pradesh and Telangana, with ₹1 crore each contributed to the Chief Minister’s Relief Funds of both states.
- Expansion Plans: Amara Raja Batteries is expanding its manufacturing footprint overseas, targeting a revenue goal of USD 6 billion by 2029, driven by strong demand for lead-acid batteries.
- Strategic Collaboration: Amara Raja has entered a technical licensing agreement with Gotion High-Tech (China) to manufacture advanced lithium-ion batteries, supporting the establishment of Gigafactories and strengthening research and innovation capabilities.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 28.06% | 28.06% | 28.06% | 32.86% | 32.86% |
| FIIs + | 35.22% | 24.64% | 24.00% | 24.46% | 23.84% |
| DIIs + | 10.47% | 16.81% | 17.91% | 15.36% | 14.55% |
| Public + | 26.24% | 30.50% | 30.02% | 27.33% | 28.76% |
| No. of Shareholders | 4,64,529 | 5,60,987 | 5,52,894 | 5,63,871 | 6,62,428 |
The shareholding patterns for Amara Raja Energy & Mobility Ltd. reflect significant shifts from June 2023 to June 2024. Promoters’ holdings remained consistent at 28.06% from June 2023 to December 2023, before increasing to 32.86% in March 2024, where it remained stable through June 2024. FIIs (Foreign Institutional Investors) witnessed a notable decline from 35.22% in June 2023 to 23.84% by June 2024, with the sharpest drop occurring between June and September 2023. DIIs (Domestic Institutional Investors) saw growth from 10.47% in June 2023 to 17.91% by December 2023, but their holdings decreased to 14.55% by June 2024. Public shareholding fluctuated, peaking at 30.50% in September 2023, and settling at 28.76% in June 2024. The number of shareholders increased steadily from 4,64,529 in June 2023 to 6,62,428 in June 2024, reflecting growing investor interest over the year.
Below are the trading platforms that you can use to purchase Amara Raja Energy & Mobility Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 1,397.15 | 1,214.92 |
| November 2024 | 1,453.04 | 1,263.51 |
| December 2024 | 1,467.57 | 1,276.15 |
As we approach October 2024, Amara Raja Energy & Mobility Ltd is expected to reach a maximum price of ₹1,397.15, while the minimum price is anticipated to be around ₹1,214.92. Moving forward, in November 2024, the stock is projected to have a maximum price of ₹1,453.04 and a minimum price of ₹1,263.51. By December 2024, Amara Raja Energy & Mobility Ltd is forecasted to see its maximum price rise to ₹1,467.57, with a minimum price of ₹1,276.15.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,482.25 | 1,140.19 |
| February 2025 | 1,497.22 | 1,151.71 |
| March 2025 | 1,528.66 | 1,175.89 |
| April 2025 | 1,513.52 | 1,164.25 |
| May 2025 | 1,469.44 | 1,130.34 |
| June 2025 | 1,535.57 | 1,181.20 |
| July 2025 | 1,505.46 | 1,158.04 |
| August 2025 | 1,552.02 | 1,193.86 |
| September 2025 | 1,570.64 | 1,208.19 |
| October 2025 | 1,611.48 | 1,239.60 |
| November 2025 | 1,651.77 | 1,270.59 |
| December 2025 | 1,726.10 | 1,327.77 |
As we step into January 2025, Amara Raja Energy & Mobility Ltd is projected to reach a maximum price of ₹1,482.25 and a minimum of ₹1,140.19. This upward trend continues with expected maximum prices of ₹1,497.22 in February, ₹1,528.66 in March, and ₹1,535.57 in June. By October 2025, the stock is anticipated to hit a maximum of ₹1,611.48, culminating in December 2025 with a maximum price of ₹1,726.10 and a minimum of ₹1,327.77.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,777.88 | 1,367.60 |
| February 2026 | 1,733.43 | 1,333.41 |
| March 2026 | 1,768.10 | 1,360.08 |
| April 2026 | 1,804.18 | 1,387.83 |
| May 2026 | 1,786.32 | 1,374.09 |
| June 2026 | 1,830.98 | 1,408.44 |
| July 2026 | 1,795.08 | 1,380.83 |
| August 2026 | 1,850.59 | 1,423.53 |
| September 2026 | 1,887.61 | 1,452.00 |
| October 2026 | 1,936.68 | 1,489.76 |
| November 2026 | 1,985.10 | 1,527.00 |
| December 2026 | 2,034.73 | 1,565.18 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,055.08 | 1,580.83 |
| February 2027 | 2,107.77 | 1,621.36 |
| March 2027 | 2,189.97 | 1,684.59 |
| April 2027 | 2,147.03 | 1,651.56 |
| May 2027 | 2,084.50 | 1,603.46 |
| June 2027 | 2,178.30 | 1,675.62 |
| July 2027 | 2,135.59 | 1,642.76 |
| August 2027 | 2,201.64 | 1,693.57 |
| September 2027 | 2,278.69 | 1,752.84 |
| October 2027 | 2,337.94 | 1,798.42 |
| November 2027 | 2,396.39 | 1,843.38 |
| December 2027 | 2,456.30 | 1,889.46 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,505.43 | 1,927.25 |
| February 2028 | 2,569.67 | 1,976.67 |
| March 2028 | 2,669.88 | 2,053.76 |
| April 2028 | 2,617.53 | 2,013.49 |
| May 2028 | 2,541.29 | 1,954.84 |
| June 2028 | 2,655.65 | 2,042.81 |
| July 2028 | 2,603.58 | 2,002.75 |
| August 2028 | 2,684.10 | 2,064.70 |
| September 2028 | 2,778.05 | 2,136.96 |
| October 2028 | 2,850.28 | 2,192.52 |
| November 2028 | 2,921.53 | 2,247.33 |
| December 2028 | 2,994.57 | 2,303.52 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,054.46 | 2,349.59 |
| February 2029 | 3,132.78 | 2,409.83 |
| March 2029 | 3,254.96 | 2,503.82 |
| April 2029 | 3,191.14 | 2,454.72 |
| May 2029 | 3,098.19 | 2,383.23 |
| June 2029 | 3,237.61 | 2,490.47 |
| July 2029 | 3,174.13 | 2,441.64 |
| August 2029 | 3,272.30 | 2,517.15 |
| September 2029 | 3,386.83 | 2,605.25 |
| October 2029 | 3,474.89 | 2,672.99 |
| November 2029 | 3,561.76 | 2,739.81 |
| December 2029 | 3,650.80 | 2,808.31 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,723.82 | 2,864.48 |
| February 2030 | 3,819.30 | 2,937.92 |
| March 2030 | 3,968.25 | 3,052.50 |
| April 2030 | 3,890.44 | 2,992.65 |
| May 2030 | 3,777.13 | 2,905.49 |
| June 2030 | 3,947.10 | 3,036.23 |
| July 2030 | 3,869.71 | 2,976.70 |
| August 2030 | 3,989.39 | 3,068.76 |
| September 2030 | 4,129.02 | 3,176.17 |
| October 2030 | 4,236.37 | 3,258.75 |
| November 2030 | 4,342.28 | 3,340.22 |
| December 2030 | 4,450.84 | 3,423.72 |
In January 2030, Amara Raja Energy & Mobility Ltd is expected to achieve a maximum price of ₹3,723.82 and a minimum of ₹2,864.48. This positive trajectory continues with projected maximum prices of ₹3,819.30 in February and ₹3,968.25 in March. The upward trend persists through the year, with anticipated maxima reaching ₹4,236.37 in October and culminating in December 2030 with a maximum price of ₹4,450.84 and a minimum of ₹3,423.72.
Financial Condition of Amara Raja Energy & Mobility Limited: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 6,839 | 7,150 | 8,696 | 10,390 | 11,260 | 11,620 |
| Expenses + | 5,741 | 6,033 | 7,666 | 8,939 | 9,635 | 9,960 |
| Operating Profit | 1,099 | 1,117 | 1,030 | 1,450 | 1,625 | 1,660 |
| OPM % | 16% | 16% | 12% | 14% | 14% | 14% |
| Other Income + | 55 | 86 | 71 | 27 | 98 | 105 |
| Interest | 12 | 11 | 15 | 30 | 33 | 33 |
| Depreciation | 301 | 319 | 396 | 450 | 479 | 474 |
| Profit before tax | 841 | 873 | 690 | 997 | 1,211 | 1,258 |
| Tax % | 21% | 26% | 26% | 27% | 25% | |
| Net Profit + | 661 | 647 | 511 | 731 | 906 | 940 |
| EPS in Rs | 38.69 | 37.87 | 29.93 | 42.78 | 49.49 | 53.17 |
| Dividend Payout % | 28% | 29% | 15% | 14% | 20% |
Amara Raja Energy & Mobility Ltd has shown consistent financial growth from March 2020 to the trailing twelve months (TTM) of 2024. The company’s sales increased from ₹6,839 crore in March 2020 to ₹11,620 crore in TTM 2024, indicating robust revenue expansion. On the cost side, expenses rose from ₹5,741 crore to ₹9,960 crore in the same period. Despite the rise in expenses, Amara Raja Energy & Mobility Ltd maintained strong profitability.
The company’s operating profit, after a slight dip in 2022, rebounded to ₹1,660 crore in TTM 2024, with a stable operating profit margin (OPM) of 14%, an improvement from the 12% seen in March 2022. This reflects efficient cost management and improved operational performance. Additionally, Amara Raja Energy & Mobility Ltd’s other income increased to ₹105 crore in TTM 2024, significantly boosting overall profitability.
Net profit rose from ₹511 crore in March 2022 to ₹940 crore in TTM 2024, reflecting a strong financial recovery. Similarly, the earnings per share (EPS) increased from ₹29.93 in March 2022 to ₹53.17 in TTM 2024, showcasing enhanced returns for shareholders. The dividend payout ratio, which had dropped to 14-15% in 2022 and 2023, increased to 20% in 2024, indicating Amara Raja Energy & Mobility Ltd’s commitment to balancing reinvestment and rewarding shareholders.
FAQS
As of September 26th, 2024, the current share price of Amara Raja Energy & Mobility Limited is ₹1,330.
According to market analysts and financial experts, the share price target for Amara Raja Energy & Mobility Limited for 2025 is estimated to be between ₹1,130.34 to ₹1,726.10.
Looking ahead, Amara Raja Energy & Mobility Limited share price is anticipated to reach impressive heights, ranging from ₹3,423.72 to ₹4,450.84 by December 2030, highlighting the company’s promising long-term growth prospects.
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Conclusion
In summary, Amara Raja Energy & Mobility Limited stands out as a leading manufacturer of automotive batteries in India, known for its diverse portfolio and commitment to innovation, especially in Li-ion technology. The company aims for ambitious growth, targeting a revenue goal of USD 6 billion by 2029, and has recently formed strategic collaborations to enhance its production capabilities. The shareholding pattern reveals significant interest from domestic institutional investors, though foreign institutional investment has declined. Stock price forecasts from 2024 to 2030 indicate a bullish outlook, with projections reaching up to ₹4,450.84 by December 2030. Financially, Amara Raja has demonstrated steady growth over the past five years, with rising sales and operating profits, despite increasing expenses. This positive trajectory, coupled with its strong market position and expansion plans, positions Amara Raja Energy & Mobility Ltd favorably for future growth in the rapidly evolving energy sector.
What did we learn?
- 1 Latest News on Amara Raja Energy & Mobility
- 2 Shareholding Patterns
- 3 How to Buy Amara Raja Energy & Mobility Limited Shares in India?
- 4 Amara Raja Energy & Mobility Limited Share Price Prediction: 2024 to 2030
- 4.1 Amara Raja Energy & Mobility Limited Share Price Target 2024
- 4.2 Amara Raja Energy & Mobility Limited Share Price Prediction 2025
- 4.3 Amara Raja Energy & Mobility Limited Share Price Target 2026
- 4.4 Amara Raja Energy & Mobility Limited Share Price Target 2027
- 4.5 Amara Raja Energy & Mobility Limited Share Price Prediction 2028
- 4.6 Amara Raja Energy & Mobility Limited Share Price Target 2029
- 4.7 Amara Raja Energy & Mobility Limited Share Price Target 2030
- 5 Financial Condition of Amara Raja Energy & Mobility Limited: Last 5 Years
- 6 FAQS
- 7 Conclusion
