Exide Industries is a famous company and everyone has heard about it. It is one of the best companies in the Auto Ancillary space and must be a part of one’s portfolio. The auto space is doing extremely well these days with the auto vehicles sales zooming like anything. If the auto sales will increase, then so will the batteries that are fitted into them. More the sale of cars, bikes, trucks etc, more the sale of Batteries and so this company will also do good.

The standalone sales figures of Exide Industries proves that how well the company is doing. The sales turnover of the company has risen from 1,400 crores to 3,800 crores in the last 5 years, which is very close to 3 times. If we talk about the profit figures then it has risen from 100 crores to 550 crores. Revenues almost 3 times and profit 5.5 times in 5 years time frame is extremely good, a 20%+ growth annually on the revenues and a 40%+ growth on the profit. The operating profit is way above 20% and the net profit is close to 15% of the revenues generated which again is speaking volumes about the good fundamentals the company has.

The stock has corrected from it’s highs recently and it is giving a good entry point around the levels of 150. If it dips further, then one must immediately purchase the stock and hold from a long term view. The stock might as well give you a decent return in short term but from the long term view, it is an excellent stock to buy.

Buy Exide Industries!

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