Demand weakness hurts margins

Company
12 Nov 2024
5 Min read 
  • Exide's stock price has changed from INR 437 to INR 435.
  •  The rating for Exide remains neutral with a target price of INR 435.
  •  The company's financials and valuations show a decline in EPS and a fairly valued stock.
  •  Demand weakness has impacted margins, with EBITDA margin standing at 11.3%.
  •  The company's foray into lithium ion cells is viewed with caution due to potential challenges.
  •  Despite a strong position in the lead acid battery industry, the transition to EVs poses a long-term risk.
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