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.