Exide Industries (NSE:EXIDEIND) is in the business of manufacturing and selling lead acid storage batteries (largest in the country) around the world. It has a market cap of Rs. 1,401 crores. Based on recent reported quarterly results(Q3 2010), sales growth (YoY) was 18.5%, and EPS (YoY) increased 33.6%.  Exide Industries has a ROE of 24.2% and ROCE of 36.3 %, and these have been consistently high.  The 3-year earnings growth is 51.3%, and 3-year sales growth is 26.5%.  The debt-to-marketcap ratio is 0.01. The P/E is 23.4 (TTM). The ROE and ROCE is indicative of a superior business. The company faces margin pressures, but has a strong brand, high market share, and superior pricing power.

The relative price performance of Exide Industries measured over the last 2 years puts it in the top 20% of all stocks. Technically, the daily & weekly charts look strong. The stock has been in a consolidation phase since October. It has stayed above its 100-day SMA during this correction phase. Volume analysis on weekly charts indicates that the consolidation has taken place on decreasing volume, which is desirable.  The stock is getting ready to resume its upward journey is very likely to hit a price target of 210 in the next few months. See latest tweet buzz below the charts. Also, see slide show on stocks in auto sector.

Daily Candlestick Charts

Weekly Candlestick Charts

Recent Twitter & News buzz!!

Third party sources for more analysis on this stock.

1. http://www.google.com/finance?q=NSE:exideind

2. http://nseindia.com/marketinfo/companyinfo/eod/resHistory.jsp?symbol=exideind

3. http://www.capital4.com/stocks/exideind/valuation-snapshot#bottom_table_anchor

Labels: exide industries, exideind, lead acid battery