Exide Industries Limited

Sector: Batteries (Lead-Acid, Lithium-ion)  |  HQ: Kolkata, West Bengal  |  Founded: 1947  |  Employees: ~5,500

Listed as: NSE / BSE listed  |  NSE / BSE  |  Ticker: EXIDEIND.NS  |  Website →

Key people

• Bharat Anand (Chairman)
• Subir Chakraborty (CEO and MD)

Company overview

Exide Industries Limited is India's largest lead-acid storage battery manufacturer, founded in 1947 and headquartered in Kolkata. The company operates 9 manufacturing facilities across India with capacity across automotive batteries (Exide brand for cars, two-wheelers, commercial vehicles), industrial batteries (UPS, telecom, solar inverter), and the emerging Exide Energy Solutions Limited subsidiary for lithium-ion battery cell manufacturing under the PLI ACC scheme. FY25 consolidated revenue was approximately ₹16,500 crore.

Business model

Lead-acid batteries dominate revenue. Automotive replacement batteries are the largest sub-segment with strong brand strength. Industrial batteries serve UPS, telecom, and solar inverter markets. The Exide Energy Solutions lithium-ion cell plant at Bengaluru is the largest single capex bet for the company's next decade.

Operating segments

Financial performance and recent trajectory

Exide FY25 revenue ₹16,500 crore with EBITDA margin in 11-13 percent range. Capex for Exide Energy Solutions Limited is the largest project in the company's history.

Stock performance and shareholder context

Exide (NSE: EXIDEIND, BSE: 500086). Promoter group holds approximately 46 percent.

12-month price trajectory

Monthly closes over the last 12 months. Source: Yahoo Finance.

Competitive position

Dominant in Indian lead-acid batteries ahead of Amara Raja Energy and Mobility (formerly Amara Raja Batteries), Luminous, Okaya. In lithium-ion, competing with Tata Chemicals (Agratas), Reliance New Energy, Ola Cell Technologies, Amara Raja Energy.

Key risks

EV transition cannibalises lead-acid OEM volumes; lithium-ion capex execution risk; lead commodity price volatility.

Outlook

Lead-acid replacement business is durable. Lithium-ion cell plant ramp through FY27-28 is the principal investor catalyst.

KAMRIT point of view

Building or competing with Exide?

KAMRIT advises promoters, family offices, and global enterprises evaluating greenfield entry into the batteries (lead-acid sector. Our Bankable DPR with Cost Model and ROI benchmarks your project economics against the listed-company cost structure of Exide and peers. The Execution Partnership tier covers everything from incorporation through commissioning. A 20-minute scoping call with our partners is free.

View all 3 related project reports → Book a scoping call

Related KAMRIT project reports

These reports use Exide Industries Limited in benchmarking and competitive analysis sections.

Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.