Exide Industries Ltd- Multibagger Stock Analysis 2022

In this article, we can analyze Exide Industries Ltd as a Potential Multibagger Stock as on 2022 October.

CompanyWebsiteLocationLeadersHighlightsAwards
ProductsP&LPositivesNegativesChecklistSummary

Exide Industries Ltd

Exide has been one of India’s most reliable brands for more than seven decades, enjoying unrivalled reputation and recall. Mr. Bharat Dhirajlal Shah is the current Chairman &  Independant Director. Mr. Subir Chakraborty is the Managing director & CEO


The company is the leading storage batteries manufacturer in India with leader in almost all categories in Automotive, Industrial, and submarine sectors.

Storage Batteries Segment (74% of revenues)

Exide organizations achieve and sustain outstanding levels of performance that meet or exceed the expectations of all stakeholders. In company’s journey towards excellence and to secure a sustainable future.

Exide Industries Ltd  mutibagger

Website

https://www.exideindustries.com

Location

Exide Industries Ltd. is a Kolkata-based company. It has manufacturing facilities in Sri Lanka and India as well as a dealership network in 46 nations across 5 continents.

Exide Industries Ltd  mutibagger
Branch Locations of Exide Industries Ltd

Leaders

Mr. Bharat Dhirajlal Shah as Chairman &  Independent Director. Mr. Shah is also on the board of 15 other companies.

Mr. Subir Chakraborty serves as Managing director & CEO. Chakraborty joined Exide in 1996 and has been on the board for the last 8 years. He has held senior positions in the company including heading and supervising critical functions like automotive, industrial, and submarine.

Mr. R B Raheja is the Vice Chairman & Non- Executive director of Exide Industries Ltd. he is on the board of Exide Industries Ltd. and 53 other companies.

Highlights

Strong brand equality and distribution network,over 90% market share in India,Global presence in 50 + countries, Huge range of products for 8+ sectors, 38+ major automobile manufactures as its customers,Consistent profit margins for last 10+ years

Subsidiaries

Exide industries Ltd have the following subsidiaries:

  • CHLORIDE METALS LTD. (“CML”)
  • CHLORIDE POWER SYSTEMS & SOLUTIONS LTD. (“CPSSL”)
  • CHLORIDE INTERNATIONAL LTD. (“CIL”)
  • CHLORIDE BATTERIES S.E. ASIA PTE LTD. (“CBSEA”)
  • ESPEX BATTERIES LTD. (“ESPEX”)
  • ASSOCIATED BATTERY MANUFACTURERS (CEYLON) LTD. (“ABML”)
  • EXIDE LECLANCHE ENERGY PRIVATE LTD. (“ELEPL”)
  • EXIDE ENERGY SOLUTIONS LIMITED (“EESL”)

Awards

Exide Industries Limited won the ‘Cyber Security Excellence Award 2022’, organized by ZScaler & Quantic at an event held in Mumbai on 7th October 2022.,Exide Industries was recognized by ‘Manufacturing Today’ with Excellence in CSR Awards 2022, at an event on 22nd September in Mumbai,Mr. Anshuman Shrivastava, Chief-Commercial for Exide, has been awarded the ‘CPO of the Year 2022’ at the “4th Edition Procurement Excellence Summit & Awards 2022” organized by UBS Forums Pvt.Ltd on 4th August in New Delhi,Exide Industries Limited was awarded the ‘Golden Peacock Excellence Award 2022’ at the Institute of Directors India’s 31st World Congress on Leadership for Business Excellence & Innovation and Golden Peacock Awards ceremony, held on 22nd July in Chennai,Exide Industries Ltd. honoured as one of ‘The Economic Times Sustainable Organisations’ 2022 on 29th June 2022,Exide Industries Ltd. honoured with ‘Tech Senate Award 2022’ by Express Computer, the technology division of the Indian Express Group on 25th June 2022,Exide Industries Ltd. Wins the ‘Best Technology of the Year – Infrastructure’ award in the Manufacturing category, organized by IBM & Quantic on 8th June 2022.

Products & Services

  • Inverter Batteries
  • Automotive Batteries
  • Home UPS systems/Inverters
  • Integrated power backup systems
  • Institutional UPS Batteries
  • Solar Solutions
  • Industrial Batteries
  • Genset Batteries
  • Submarine Batteries
  • E-rickshaw Batteries
  • SF Batteries

Profit & Loss

Exide Industries Ltd Multibagger 2022 Analysis
Profit & Loss Statement of Exide Industries Ltd

Expansions

  • Exide integraExide integra have been developed with upgraded technologies and have higher efficiency.
  • Exide Mileage ISS batteries have been developed with Improved fuel efficiency with lower emissions,Higher charge acceptance with increased stability,Improved life-cycle and greater shelf-life,Suited for high temperature applications,Spill-resistant characteristics
  • company pan-India presence and innovative product portfolio have enabled us to secure exclusive battery supply contracts with the OEMs
  • SF Pro Tubular Range have been developed with upgraded technologies and have higher efficiency.
  • Opportunity Rapid Charge (ORC) is one such product where the battery can be charged faster and several times during a work cycle.
  • Tubular Gel VRLA Batteries
  • Flooded Tubular (Solatubular/Solar Blitz)
  • Solar Power Generating Systems – new foray into solar roof panels could be a huge-growth strategy due to establishd exide network & brand recognitions.

Positives

  • Company is Reputed Brand with Zero Debt
  • Company have Stable Revenue & Profit
  • Company is into Expansions
  • New Electric Battery Products & New Solar Panel segment good ride the Growth strategy ahead
  • Company is trading at Low Valuations

Negatives

  • Past 2 years shows Other Income Jump in Net Profits
  • Cash Flow is negative

Warren Buffett Checklist

FactorValue
Economic moatGood
GrowthModerate
ValuationGood
DebtGood
IntegrityGood

Summary

As per the Expansion & Value Investing grounds the company is having Multibagger Properties.

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