Exide Industries Valuation Multiples

Exide Industries is valued at $3.2B as of November 2026, a 1.7x revenue multiple. In the last 12 months, Exide Industries revenue was $2B and Exide Industries EBITDA was $232M.

Exide Industries Overview

About Exide Industries

Exide Industries Ltd is an Indian manufacturer of batteries sold under the Exide brand. The company is an original equipment and aftermarket parts supplier of batteries for automotive companies. Exide Industries also provides batteries to the power, telecommunications, infrastructure, computer, railways, mining, and defense sectors. The company's product offerings include different kinds of storage batteries such as Automotive batteries, Inverter batteries, Industrial batteries, Home UPS systems, and others. It operates in a single segment namely, Storage batteries & allied products. The majority of the company's revenue is generated in India.


Founded

1947

HQ

India

Employees

27.4K

Financials (LTM)

Revenue: $2B
EBITDA: $232M

EV

$3.3B

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Exide Industries Financials

Exide Industries reported last 12-month revenue of $2B and EBITDA of $232M.

In the same LTM period, Exide Industries generated $501M in gross profit, $232M in EBITDA, and $137M in net income.

Revenue (LTM)


Exide Industries P&L

In the most recent fiscal year, Exide Industries reported revenue of $1.9B and EBITDA of $207M.

Exide Industries is profitable as of last fiscal year, with gross margin of 31%, EBITDA margin of 11%, and net margin of 5%.

See analyst estimates for Exide Industries
LTMLast FY202320242025202620272028
Revenue$2B$1.9B$1.7B$1.8B$1.9B
Gross Profit$501M$585M$517M$553M$572M
Gross Margin25%31%30%31%31%
EBITDA$232M$207M$194M$199M$203M
EBITDA Margin12%11%11%11%11%
EBIT Margin9%7%8%7%7%
Net Profit$137M$91M$90M$85M$88M
Net Margin7%5%5%5%5%
Net Debt-$91M---

Financial data powered by Morningstar, Inc.

Exide Industries Stock Performance

Exide Industries has current market cap of $3.2B, and enterprise value of $3.3B.

Market Cap Evolution


Exide Industries' stock price is $3.80.

Exide Industries share price increased by 7.6% in the last 30 days.

Exide Industries has an EPS (earnings per share) of $0.11.

See more trading valuation data for Exide Industries
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$3.3B$3.2B0.0%7.6%-17.7%-$0.11

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Exide Industries Valuation Multiples

Exide Industries trades at 1.7x EV/Revenue multiple, and 14.2x EV/EBITDA.

See NTM and 2027E valuation multiples for Exide Industries

EV / Revenue (LTM)


Exide Industries Financial Valuation Multiples

As of November 8, 2026, Exide Industries has market cap of $3.2B and EV of $3.3B.

Exide Industries has a P/E ratio of 23.5x.

LTMLast FY202320242025202620272028
EV/Revenue1.7x1.7x1.9x1.9x1.8x
EV/EBITDA14.2x16.0x17.0x16.6x16.3x
EV/EBIT18.5x23.6x25.5x25.1x24.3x
EV/Gross Profit6.6x5.7x6.4x6.0x5.8x
P/E23.5x35.6x35.7x37.8x36.7x
EV/FCF28.0x26.4x(83.3x)(45.4x)46.0x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Exide Industries Margins & Growth Rates

Exide Industries grew revenue by 11% and EBITDA by 21% in the last fiscal year.

In the most recent fiscal year, Exide Industries reported gross margin of 31%, EBITDA margin of 11%, and net margin of 5%.

See estimated margins and future growth rates for Exide Industries

Exide Industries Margins

Last FY202420252026202720282029
Gross Margin31%31%31%26%
EBITDA Margin11%11%11%12%
EBIT Margin7%7%7%9%
Net Margin5%5%5%7%
FCF Margin7%(4%)4%5%

Exide Industries Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth11%5%4%11%
Gross Profit Growth(9%)7%3%(5%)
EBITDA Growth21%3%2%18%
EBIT Growth40%2%3%34%
Net Profit Growth65%(6%)3%53%
FCF Growth(25%)83%(199%)41%

Data powered by FactSet, Inc. and Morningstar, Inc.

Exide Industries Operational KPIs

Exide Industries' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Exide Industries' Rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Exide Industries' Rule of X is 39% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Exide Industries
LTMLast FY202320242025202620272028
Rule of 4023%22%---
Bessemer Rule of X41%39%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue-3%4%3%3%
G&A Expenses to Revenue-0%0%0%0%
Opex to Revenue-23%23%24%23%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Exide Industries Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Investments by Exide Industries

Exide Industries has invested in 1 company to date.

Latest investment by Exide Industries was on September 29th 2026. Exide Industries invested in Exide Energy Solutions in their $11M Strategic investment round (EV/Revenue multiple available to Pro users).

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Latest Investments by Exide Industries

Exide Energy Solutions
Exide Energy Solutions
Description
Exide Energy Solutions is a Bengaluru-based subsidiary of Exide Industries that manufactures lithium-ion battery cells for electric vehicles and energy storage in India. Its Gigafactory in Bengaluru produces prismatic cells with NMC chemistry, supplying to OEMs like Tata Motors and Mahindra Electric. The facility targets 12 GWh annual capacity by 2025, with construction starting in 2022 on 20 acres. Exide Energy Solutions emphasizes domestic sourcing for cathodes and anodes.
Exide Energy Solutions is a Bengaluru-based subsidiary of Exide Industries that manufactures lithium-ion battery cells for electric vehicles and energy storage in India. Its Gigafactory in Bengaluru produces prismatic cells with NMC chemistry, supplying to OEMs like Tata Motors and Mahindra Electric. The facility targets 12 GWh annual capacity by 2025, with construction starting in 2022 on 20 acres. Exide Energy Solutions emphasizes domestic sourcing for cathodes and anodes.
HQ CountryIndiaIndia
HQ City
Kolkata
Kolkata
Deal Date29 Sep 20267 Apr 2025
RoundStrategic investmentStrategic investment
Raised$11M$421M
InvestorsExide IndustriesExide Industries
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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About Exide Industries

When was Exide Industries founded?Exide Industries was founded in 1947.
Where is Exide Industries headquartered?Exide Industries is headquartered in India.
How many employees does Exide Industries have?As of today, Exide Industries has over 27K employees.
Is Exide Industries publicly listed?Yes, Exide Industries is a public company listed on Bombay Stock Exchange.
What is the stock symbol of Exide Industries?Exide Industries trades under 500086 ticker.
When did Exide Industries go public?Exide Industries went public in 2003.
Who are competitors of Exide Industries?Exide Industries main competitors include
What is the current market cap of Exide Industries?Exide Industries' current market cap is $3.2B.
What is the current revenue of Exide Industries?Exide Industries' last 12 months revenue is $2B.
What is the current revenue growth of Exide Industries?Exide Industries revenue growth (NTM/LTM) is 12%.
What is the current EV/Revenue multiple of Exide Industries?Current revenue multiple of Exide Industries is 1.7x.
What is the current EBITDA of Exide Industries?Exide Industries' last 12 months EBITDA is $232M.
What is Exide Industries' EBITDA margin?Exide Industries' last 12 months EBITDA margin is 12%.
What is the current EV/EBITDA multiple of Exide Industries?Current EBITDA multiple of Exide Industries is 14.2x.
What is the current FCF of Exide Industries?Exide Industries' last 12 months FCF is $118M.
What is Exide Industries' FCF margin?Exide Industries' last 12 months FCF margin is 6%.
What is the current EV/FCF multiple of Exide Industries?Current FCF multiple of Exide Industries is 28.0x.
How many companies Exide Industries has acquired to date?Exide Industries hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Exide Industries has invested to date?As of November 2026, Exide Industries has invested in 1 company.
What was the last Exide Industries investment?On 29th September 2026 Exide Industries invested in Exide Energy Solutions, participating in a $11M Strategic investment round.
In what companies Exide Industries invested in?Exide Industries invested in Exide Energy Solutions.

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