Sharekhan's research report on Exide Industries
Management foresees a steady demand in automotive segment and healthy traction in industrial segment. Soft commodity cost trend and revival in replacement demand would support its operating performance. The stock trades at P/E multiple of 16.4x and EV/EBITDA multiple of 7.9x its FY2025E estimates.
Outlook
We maintain our Buy rating on Exide Industries (Exide) with SOTP based PT of Rs 301 on expectation of recovery in replacement demand, healthy traction in OEM business and timely execution of its LI ion project.
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