Exide Industries Ltd Share Price Target 2024, 2025 to 2030

Exide Industries Limited (Exide), headquartered in Kolkata, India, is the country’s largest manufacturer of lead-acid storage batteries and power storage solutions. The company operates ten international-standard factories across five Indian states, including Ahmednagar, Chinchwad, and Taloja in Maharashtra; Haldia and Shyamnagar in West Bengal; Roorkee and Haridwar in Uttarakhand; Hosur in Tamil Nadu; Bawal in Haryana; and Prantij in Gujarat. In addition, Exide has manufacturing facilities in Sri Lanka, the UK, and Singapore, and exports its products to over 60 countries worldwide through its subsidiaries and international affiliates. With a strong distribution network of more than 95,000 distributors, dealers, and sub-dealers, Exide maintains a significant global presence.

To further enhance its product offerings, Exide has entered the lithium-ion cell manufacturing market through its subsidiary, Exide Energy Solutions Limited (EESL). EESL is setting up a 12 gigawatt-hour (GWH) greenfield cell manufacturing plant in Bengaluru, Karnataka, to cater to India’s electric vehicle (EV) market and stationary applications. Currently, EESL produces and sells lithium-ion battery modules and packs from its plant in Prantij, Gujarat. Additionally, Exide operates three modern lead recycling facilities in West Bengal, Maharashtra, and Karnataka through its wholly-owned subsidiary, Chloride Metals Limited, underscoring the company’s commitment to sustainability and responsible environmental practices.

History of Exide Industries Ltd

Exide Industries Limited traces its roots back to the early 20th century when Exide batteries were imported into India, a practice common in many former British colonies. The significant turning point came in 1920 with the establishment of the Chloride Electrical Storage Company (CESCO). Initially, CESCO functioned as an assembly and manufacturing facility, marking its first major milestone with the opening of a manufacturing unit in Shyamnagar, West Bengal in 1947. This event marked the entry of Associated Battery Makers Eastern Limited (ABMEL) into the Indian industrial landscape.

ABMEL quickly made its mark with its principal brands, Exide and Dagenite (the latter famously used by Rolls Royce). The company also diversified its product range, producing “Iron Clad” batteries for the Railways. The 1960s saw significant developments, including a ramp-up in the production of special defense batteries following the Chinese aggression in 1963, and the manufacture of large stationary batteries for railway track electrification. The company continued its rapid expansion, establishing a second factory in 1969 at Chinchwad, Maharashtra. This facility was strategically located near automobile Original Equipment Manufacturers (OEMs) to meet the growing demand for automobile batteries.

Products of Exide Industries Ltd

Exide Industries Limited offers a diverse product range catering to various sectors, including automotive, industrial, inverter, and home UPS applications. In the automotive sector, their batteries are used for starting, lighting, and ignition (SLI) applications across a spectrum of vehicles, such as 2-wheelers, 3-wheelers, and 4-wheelers including cars, jeeps, buses, and trucks, as well as for primary power sources in E-rickshaws. In the industrial domain, Exide batteries are employed in a wide array of applications spanning power generation (both conventional and renewable), telecom, infrastructure projects, IT/ITES industries, railways, mining, and defense sectors. Additionally, Exide is engaged in the battery energy storage business, designing and integrating power generated from renewable sources for utilization in remote areas of India. The company also supplies specialized submarine batteries to the Indian Navy, showcasing its expertise in advanced and critical power storage solutions.

How to Purchase Exide Industries Limited Shares in India?

Below are the trading platforms that you can use to purchase Exide Industries Limited shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Exide Industries Limited Share Price Prediction: 2024 to 2030

Exide Industries Limited Share Price Prediction 2024

When	Maximum Price	Minimum Price
July 2024	561.70	488.44
August 2024	584.17	507.98
September 2024	607.54	528.29
October 2024	595.63	517.94
November 2024	619.45	538.65
December 2024	625.65	544.04

In 2024, Exide Industries’ stock price is anticipated to range from a maximum of ₹561.70 and a minimum of ₹488.44 in July, while by December, it is projected to rise to a maximum of ₹625.65 and a minimum of ₹544.04.

Exide Industries Limited Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	631.90	486.08
February 2025	638.29	490.99
March 2025	651.69	501.30
April 2025	645.24	496.34
May 2025	626.44	481.88
June 2025	654.63	503.56
July 2025	641.80	493.69
August 2025	661.65	508.96
September 2025	669.59	515.07
October 2025	687.00	528.46
November 2025	704.17	541.67
December 2025	735.86	566.05

In 2025, Exide Industries’ stock price is expected to start the year with a maximum of ₹631.90 and a minimum of ₹486.08 in January. As we progress through the year, prices are projected to rise, reaching a maximum of ₹735.86 and a minimum of ₹566.05 by December.

Exide Industries Limited Share Price Prediction 2026

When	Maximum Price	Minimum Price
January 2026	757.93	583.03
February 2026	738.99	568.45
March 2026	753.77	579.82
April 2026	769.15	591.65
May 2026	761.53	585.80
June 2026	780.57	600.44
July 2026	765.27	588.67
August 2026	788.93	606.87
September 2026	804.71	619.01
October 2026	825.64	635.10
November 2026	846.28	650.98
December 2026	867.43	667.26

Exide Industries Limited Share Price Prediction 2027

When	Maximum Price	Minimum Price
January 2027	876.11	673.93
February 2027	898.57	691.21
March 2027	933.62	718.17
April 2027	915.31	704.08
May 2027	888.65	683.58
June 2027	928.64	714.34
July 2027	910.43	700.33
August 2027	938.59	721.99
September 2027	971.44	747.26
October 2027	996.70	766.69
November 2027	1,021.61	785.86
December 2027	1,047.16	805.50

Exide Industries Limited Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	1,068.10	821.61
February 2028	1,095.49	842.68
March 2028	1,138.21	875.55
April 2028	1,115.89	858.38
May 2028	1,083.39	833.38
June 2028	1,132.14	870.88
July 2028	1,109.94	853.80
August 2028	1,144.27	880.21
September 2028	1,184.32	911.02
October 2028	1,215.11	934.70
November 2028	1,245.49	958.07
December 2028	1,276.63	982.02

Exide Industries Limited Share Price Prediction 2029

When	Maximum Price	Minimum Price
January 2029	1,302.16	1,001.66
February 2029	1,335.55	1,027.35
March 2029	1,387.64	1,067.41
April 2029	1,360.43	1,046.48
May 2029	1,320.80	1,016.00
June 2029	1,380.24	1,061.72
July 2029	1,353.18	1,040.90
August 2029	1,395.03	1,073.10
September 2029	1,443.85	1,110.66
October 2029	1,481.39	1,139.53
November 2029	1,518.43	1,168.02
December 2029	1,556.39	1,197.22

Exide Industries Limited Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	1,587.52	1,221.17
February 2030	1,628.22	1,252.48
March 2030	1,691.72	1,301.33
April 2030	1,658.55	1,275.81
May 2030	1,610.24	1,238.65
June 2030	1,682.71	1,294.39
July 2030	1,649.71	1,269.01
August 2030	1,700.73	1,308.26
September 2030	1,760.26	1,354.05
October 2030	1,806.03	1,389.25
November 2030	1,851.18	1,423.98
December 2030	1,897.46	1,459.58

In 2030, Exide Industries’ stock price is expected to start January at a maximum of ₹1,587.52 and a minimum of ₹1,221.17. As the year progresses, the price is anticipated to rise to ₹1,628.22 in February and ₹1,691.72 in March. By mid-year, prices are expected to be around ₹1,682.71 in June and ₹1,649.71 in July. Moving towards the end of the year, the maximum price is projected to reach ₹1,760.26 in September and peak at ₹1,897.46 in December, while the minimum price is expected to be ₹1,459.58.

Financial Condition of Exide Industries: Last 5 Years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	14,471	10,359	12,789	15,078	16,770
Expenses +	13,014	8,994	11,387	13,485	14,946
Operating Profit	1,457	1,366	1,402	1,593	1,823
OPM %	10%	13%	11%	11%	11%
Other Income +	40	132	3,725	125	88
Interest	108	37	64	79	120
Depreciation	418	394	440	502	560
Profit before tax	972	1,068	4,623	1,138	1,231
Tax %	22%	25%	6%	28%	28%
Net Profit +	762	803	4,357	823	883
EPS in Rs	9.14	9.53	51.38	9.68	10.31
Dividend Payout %	45%	21%	4%	21%	19%

Exide Industries Limited has exhibited strong financial growth over the past five years. Sales rose from ₹14,471 crore in March 2020 to ₹16,770 crore in March 2024, reflecting the company’s expanding market reach and increasing demand. Despite rising expenses, which grew from ₹13,014 crore in March 2020 to ₹14,946 crore in March 2024, Exide managed to maintain a stable operating profit margin of around 11% in recent years, with an initial dip to 10% in March 2020 before peaking at 13% in March 2021.

Operating profit increased from ₹1,457 crore in March 2020 to ₹1,823 crore in March 2024, showcasing effective cost management and operational efficiency. Other income saw a significant spike to ₹3,725 crore in March 2022 due to extraordinary gains, but normalized in the following years. Depreciation expenses also rose, reflecting continued capital investments, from ₹418 crore in March 2020 to ₹560 crore in March 2024.

The company experienced a substantial increase in profit before tax, peaking at ₹4,623 crore in March 2022, largely due to the extraordinary other income, and then settled at ₹1,231 crore in March 2024. Net profit reached ₹4,357 crore in March 2022 but moderated to ₹883 crore by March 2024. EPS grew from ₹9.14 in March 2020 to ₹10.31 in March 2024, and the dividend payout ratio fluctuated between 4% and 45%, averaging around 19-21% in recent years, reflecting a balanced approach to shareholder returns and reinvestment in growth. Overall, Exide Industries has demonstrated resilience and strong financial health, successfully navigating fluctuating market conditions.

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