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.
Amara Raja Energy & Mobility Q4 Results:
- Profit: ₹229.78 crore, marking a significant increase of 64.81% year-over-year (YoY).
- Revenue: ₹2,907.86 crore, reflecting a YoY increase of 19.69%, though a slight quarterly decrease of 4.47% (QoQ).
- Profit Decrease: A 9.8% decrease quarter-over-quarter (QoQ).
- Selling, General & Administrative Expenses: Decreased by 0.54% QoQ, but increased by 19.83% YoY.
- Operating Income: Declined by 8.65% QoQ, while showing strong growth of 63.75% YoY.
- Earnings Per Share (EPS): ₹12.55, up by 23.41% YoY.
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 28.06% | 28.06% | 28.06% | 28.06% | 32.86% |
| FIIs + | 36.19% | 35.22% | 24.64% | 24.00% | 24.46% |
| DIIs + | 9.21% | 10.47% | 16.81% | 17.91% | 15.36% |
| Public + | 26.55% | 26.24% | 30.50% | 30.02% | 27.33% |
| No. of Shareholders | 4,71,435 | 4,64,529 | 5,60,987 | 5,52,894 | 5,63,871 |
During the fiscal year, Amara Raja Energy & Mobility Limited witnessed notable changes in shareholder composition and participation. Promoters maintained a consistent shareholding of 28.06% from March 2023 to December 2023, before significantly increasing their stake to 32.86% by March 2024. Conversely, Foreign Institutional Investors (FIIs) reduced their holding from 36.19% in March 2023 to 24.00% by December 2023, showing a slight recovery to 24.46% by March 2024. Domestic Institutional Investors (DIIs) expanded their holdings from 9.21% to a peak of 17.91% by December 2023, stabilizing at 15.36% by March 2024. Public shareholding fluctuated, starting at 26.55% in March 2023, peaking at 30.50% in September 2023, and then declining to 27.33% by March 2024. The number of shareholders grew from 4,71,435 in March 2023 to 5,60,987 in September 2023, before slightly increasing to 5,63,871 by March 2024, indicating sustained investor interest and engagement in the company’s equity.
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 |
| July 2024 | 1,715.60 | 1,491.83 |
| August 2024 | 1,784.23 | 1,551.50 |
| September 2024 | 1,855.60 | 1,613.56 |
| October 2024 | 1,819.21 | 1,581.92 |
| November 2024 | 1,891.98 | 1,645.20 |
| December 2024 | 1,910.90 | 1,661.65 |
In July 2024, the maximum price of Amara Raja Energy & Mobility Limited shares is projected to be 1,715.60, while the minimum price is expected to be 1,491.83. As the year progresses, by December 2024, it is anticipated that the maximum price of Amara Raja Energy & Mobility Limited shares will reach 1,910.90, demonstrating potential growth and market dynamics. The minimum price by December 2024 is expected to be 1,661.65, reflecting stability and sustained investor confidence in the company’s shares throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,930.01 | 1,484.62 |
| February 2025 | 1,949.51 | 1,499.62 |
| March 2025 | 1,990.45 | 1,531.11 |
| April 2025 | 1,970.74 | 1,515.95 |
| May 2025 | 1,913.34 | 1,471.80 |
| June 2025 | 1,999.44 | 1,538.03 |
| July 2025 | 1,960.23 | 1,507.87 |
| August 2025 | 2,020.86 | 1,554.51 |
| September 2025 | 2,045.11 | 1,573.16 |
| October 2025 | 2,098.28 | 1,614.06 |
| November 2025 | 2,150.74 | 1,654.41 |
| December 2025 | 2,247.52 | 1,728.86 |
As we step into January 2025, the projected maximum price of Amara Raja Energy & Mobility Limited shares is 1,930.01, with a projected minimum price of 1,484.62. Progressing through the months, by December 2025, it is expected that the maximum price will rise to 2,247.52, indicating potential growth and market dynamics. The minimum price by December 2025 is anticipated to be 1,728.86.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,314.95 | 1,780.73 |
| February 2026 | 2,257.07 | 1,736.21 |
| March 2026 | 2,302.22 | 1,770.94 |
| April 2026 | 2,349.20 | 1,807.08 |
| May 2026 | 2,325.94 | 1,789.18 |
| June 2026 | 2,384.09 | 1,833.91 |
| July 2026 | 2,337.34 | 1,797.96 |
| August 2026 | 2,409.63 | 1,853.56 |
| September 2026 | 2,457.82 | 1,890.63 |
| October 2026 | 2,521.73 | 1,939.79 |
| November 2026 | 2,584.77 | 1,988.28 |
| December 2026 | 2,649.39 | 2,037.99 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,675.88 | 2,058.37 |
| February 2027 | 2,744.50 | 2,111.15 |
| March 2027 | 2,851.53 | 2,193.49 |
| April 2027 | 2,795.62 | 2,150.48 |
| May 2027 | 2,714.19 | 2,087.84 |
| June 2027 | 2,836.33 | 2,181.79 |
| July 2027 | 2,780.72 | 2,139.01 |
| August 2027 | 2,866.72 | 2,205.17 |
| September 2027 | 2,967.05 | 2,282.35 |
| October 2027 | 3,044.20 | 2,341.69 |
| November 2027 | 3,120.30 | 2,400.23 |
| December 2027 | 3,198.31 | 2,460.24 |
| When | Maximum Price | Minimum Price |
| January 2028 | 3,262.28 | 2,509.44 |
| February 2028 | 3,345.92 | 2,573.79 |
| March 2028 | 3,476.42 | 2,674.17 |
| April 2028 | 3,408.25 | 2,621.73 |
| May 2028 | 3,308.98 | 2,545.37 |
| June 2028 | 3,457.88 | 2,659.91 |
| July 2028 | 3,390.08 | 2,607.76 |
| August 2028 | 3,494.93 | 2,688.41 |
| September 2028 | 3,617.25 | 2,782.50 |
| October 2028 | 3,711.30 | 2,854.85 |
| November 2028 | 3,804.08 | 2,926.22 |
| December 2028 | 3,899.19 | 2,999.37 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,977.17 | 3,059.36 |
| February 2029 | 4,079.15 | 3,137.81 |
| March 2029 | 4,238.24 | 3,260.18 |
| April 2029 | 4,155.13 | 3,196.26 |
| May 2029 | 4,034.11 | 3,103.16 |
| June 2029 | 4,215.65 | 3,242.80 |
| July 2029 | 4,132.99 | 3,179.22 |
| August 2029 | 4,260.81 | 3,277.55 |
| September 2029 | 4,409.94 | 3,392.26 |
| October 2029 | 4,524.60 | 3,480.46 |
| November 2029 | 4,637.71 | 3,567.47 |
| December 2029 | 4,753.65 | 3,656.66 |
| When | Maximum Price | Minimum Price |
| January 2030 | 4,848.73 | 3,729.79 |
| February 2030 | 4,973.05 | 3,825.43 |
| March 2030 | 5,167.00 | 3,974.62 |
| April 2030 | 5,065.69 | 3,896.68 |
| May 2030 | 4,918.14 | 3,783.19 |
| June 2030 | 5,139.46 | 3,953.43 |
| July 2030 | 5,038.69 | 3,875.91 |
| August 2030 | 5,194.52 | 3,995.79 |
| September 2030 | 5,376.33 | 4,135.64 |
| October 2030 | 5,516.12 | 4,243.17 |
| November 2030 | 5,654.02 | 4,349.25 |
| December 2030 | 5,795.37 | 4,457.98 |
As we step into January 2030, the projected maximum price of Amara Raja Energy & Mobility Limited shares is expected to be 4,848.73, with a projected minimum price of 3,729.79. Moving through the months, by December 2030, it is anticipated that the maximum price will rise to 5,795.37, demonstrating potential growth and market dynamics. The minimum price by December 2030 is expected to be 4,457.98, reflecting stability and sustained investor confidence in Amara Raja Energy & Mobility Limited shares throughout the year.
Financial Condition of Amara Raja Energy & Mobility Limited: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 6,839 | 7,150 | 8,696 | 10,386 | 11,260 |
| Expenses + | 5,741 | 6,033 | 7,666 | 9,015 | 9,639 |
| Operating Profit | 1,099 | 1,117 | 1,030 | 1,371 | 1,621 |
| OPM % | 16% | 16% | 12% | 13% | 14% |
| Other Income + | 55 | 86 | 71 | 26 | 102 |
| Interest | 12 | 11 | 15 | 22 | 33 |
| Depreciation | 301 | 319 | 396 | 427 | 479 |
| Profit before tax | 841 | 873 | 690 | 948 | 1,211 |
| Tax % | 21% | 26% | 26% | 27% | 25% |
| Net Profit + | 661 | 647 | 511 | 694 | 906 |
| EPS in Rs | 38.69 | 37.87 | 29.93 | 40.65 | 49.49 |
| Dividend Payout % | 28% | 29% | 15% | 15% | 20% |
Over the past four years, Amara Raja Energy & Mobility Limited has demonstrated impressive financial performance with consistent growth in key metrics. Sales surged from ₹6,839 crore in March 2020 to ₹11,260 crore by March 2024, reflecting robust market demand and expanded operations. Correspondingly, expenses increased from ₹5,741 crore to ₹9,639 crore over the same period, aligning with higher sales volumes. Operating profit experienced fluctuations but showed an upward trend, rising from ₹1,099 crore in March 2020 to ₹1,621 crore in March 2024, contributing to a stable operating profit margin (OPM) around 16%, despite a dip to 12% in March 2022. Other income also varied, peaking at ₹102 crore in March 2024. Interest expenses and depreciation rose steadily, reflecting increased operational scale and investment. Profit before tax grew from ₹841 crore to ₹1,211 crore, with a net profit climbing from ₹661 crore to ₹906 crore. Earnings per share (EPS) increased from ₹38.69 to ₹49.49 over the period, while the dividend payout ratio fluctuated, starting at 28%, dropping to 15% in March 2022 and 2023, and rising to 20% by March 2024. These financial indicators underscore Amara Raja’s solid performance and strategic financial management amidst dynamic market conditions.
FAQS
As of June 26th, 2024, the current share price of Amara Raja Energy & Mobility Limited is ₹1,693.
According to market analysts and financial experts, the share price target for Amara Raja Energy & Mobility Limited for 2025 is estimated to be between ₹1,471.80 to ₹2,247.52.
Looking ahead, Amara Raja Energy & Mobility Limited share price is anticipated to reach impressive heights, ranging from ₹3,729.79 to ₹5,795.37 by December 2030, highlighting the company’s promising long-term growth prospects.
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Conclusion
Amara Raja Energy & Mobility Limited, India’s foremost automotive batteries and solutions provider, continues to demonstrate robust financial performance and strategic foresight. In fiscal year 2024, the company reported a significant 64.81% year-over-year increase in profit, reaching ₹229.78 crore, alongside a 19.69% rise in revenue to ₹2,907.86 crore, despite a slight quarterly decline. This growth reflects Amara Raja’s effective operational strategies and market resilience. The company’s commitment to innovation is evident through substantial investments in Li-ion technologies, including a cutting-edge Gigafactory for advanced battery solutions. With a diverse product portfolio serving critical sectors like automotive, telecom, and defense, Amara Raja maintains a strong market presence both domestically and internationally. Supported by expanding sales and improved operating margins, Amara Raja is well-positioned to capitalize on emerging opportunities in sustainable energy solutions and electric mobility, reaffirming its role as a leader in India’s automotive sector.
What did we learn?
- 1 Amara Raja Energy & Mobility Q4 Results:
- 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
