03 Oct 2025 | 5 Mins Read
Motilal Oswal sets Rs 1030 as target for Amara Raja
Flipitmoney
Motilal Oswal maintains a Neutral rating for Amara Raja with a target price of INR1,030, based on 18x Jun'27E EPS. Despite lead-acid business improvements, the report expresses caution about returns in the New Energy business. The company's li-ion initiative requires an investment of INR60-70b for 16GWh capacity and aims to deliver 10-11% EBITDA margin at scale.