Exide Industries Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- June 9, 2026
- Posted by: Kunal Singla
- Category: News
Exide Industries Rs 405.25 (5 Oct 2026 close). 52-week range Rs 287 to Rs 496.40. Q1 FY27 standalone PAT Rs 407 cr, up 27%.
Quick Answer
The Exide Industries share price target for 2026 is Rs 434 to Rs 490, which is 7 to 21 percent above the last close of Rs 405.25, with bull and bear cases of Rs 544 to Rs 594 and Rs 286 to Rs 319. Exide Industries reported Q1 FY27 standalone revenue up 17.6 percent to Rs 5,305 crore and standalone profit up 27.1 percent to Rs 407 crore, with EBITDA margin up to 12.4 percent and double-digit growth in all major businesses. The company expects its Bengaluru lithium-ion cell plant to start generating revenue in Q3 FY27, and the stock is down about 18 percent from its August high at 36.8 times earnings. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario.
The Exide Industries share price target for 2026 is Rs 434 to Rs 490 in the Univest base case, with the stock at Rs 405.25 at the 5 October 2026 close. That is 18.4 percent below its 52-week high of Rs 496.40 and 41.2 percent above its 52-week low of Rs 287.00, and the stock moved up 1.1 percent over the past year. Exide Industries is India’s largest lead-acid battery maker, with a 6 GWh lithium-ion cell plant in Bengaluru run by its subsidiary Exide Energy Solutions. Cumulative new-energy investment is Rs 4,902 crore.
Three things changed since the last update: Q1 FY27 results on 30 July showed profit up 27 percent, the first cell samples were dispatched, and the stock fell from a high of Rs 496.40 in August to Rs 405.25. This Exide Industries stock analysis covers the Exide Industries share price today, the Exide Industries share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Exide Industries buy or sell view.
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What Is the Exide Industries Share Price Target for 2026?
The 2026 target for Exide Industries shares is Rs 434 to Rs 490 in the Univest base case, which is +7.1% to +20.9% against the last close. The bull case is Rs 544 to Rs 594 and the bear case is Rs 286 to Rs 319. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Exide Industries Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 405.25 |
|---|---|---|---|---|
| Bull Case | Rs 16.50 | 33x to 36x | 544 to 594 | +34.2% to +46.6% |
| Base Case | Rs 14 | 31x to 35x | 434 to 490 | +7.1% to +20.9% |
| Bear Case | Rs 11 | 26x to 29x | 286 to 319 | -29.4% to -21.3% |
FY28 EPS of Rs 14 in the base case is above trailing consolidated EPS of Rs 11.02 and assumes the core business grows near 12 percent while the cell plant starts small. The bull case needs lithium-ion revenue to ramp up quickly, and the bear case assumes plant losses and weaker margins. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Exide Industries share price target range around the current price.
Exide Industries Company Overview and Share Price Today as of 5 October 2026
Exide Industries share price today is Rs 405.25 on the NSE at the 5 October 2026 close, before the market opened on 6 October. The market capitalisation is Rs 34,442 crore, and the stock trades at 36.8 times earnings, in line with the industry average of 37.3 times. The Univest base case Exide Industries share price target of Rs 434 to Rs 490 is +7.1% to +20.9% from here. The table below sets out the key numbers behind the Exide Industries share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | EXIDEIND | BSE code 500086 |
| Sector | Batteries | Per Univest sector classification |
| Last Close (NSE) | Rs 405.25 | 5 Oct 2026 close |
| 52-Week High | Rs 496.40 | CMP is 18.4% below |
| 52-Week Low | Rs 287.00 | CMP is 41.2% above |
| 1-Year Return | About +1% | Weekly close Rs 400.65 on 3 Oct 2025 to Rs 405.25 |
| Market Capitalisation | Rs 34,442 crore | Mid cap battery maker |
| Trailing P/E | About 36.8x | Industry P/E about 37.3x |
| P/B Ratio | About 2.48x | Book value Rs 163.59 per share |
| EPS (TTM) | Rs 11.02 | Trailing twelve months |
| Return on Equity | About 6.1% | Debt to equity 0.11 |
| Dividend Yield | About 0.49% | Dividend paid yearly |
| 12-Month Target (Base Case) | Rs 434 to Rs 490 | Univest base case |
| Bull Case | Rs 544 to Rs 594 | +34.2% to +46.6% |
| Bear Case | Rs 286 to Rs 319 | -29.4% to -21.3% |
Track live price, fundamentals and results for Exide Industries on the Univest Screener.
How Did Exide Industries Perform in Q1 FY27?
Exide Industries reported Q1 FY27 standalone revenue from operations of Rs 5,305 crore, up 17.6 percent, and standalone profit after tax of Rs 407 crore, up 27.1 percent from Rs 320 crore. EBITDA margin improved to 12.4 percent. Together these Q1 FY27 numbers anchor the Exide Industries share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Standalone Revenue | Rs 5,305 crore | Up 17.6% year on year |
| Standalone Profit After Tax | Rs 407 crore | Up 27.1% from Rs 320 crore |
| EBITDA Margin | 12.4% | Modest improvement |
| Cumulative New-Energy Investment | Rs 4,902 crore | Lithium-ion cell subsidiary |
| FY27 Capex Approved | Rs 1,400 crore | Includes Rs 100 crore for Exide Energy |
| Cell Plant Revenue | Expected Q3 FY27 | First samples dispatched |
Growth came from automotive, industrial and inverter batteries, and the Bengaluru plant has installed all its equipment for phase 1. Exide Energy Solutions is completing product certifications with key vehicle makers. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Exide Industries share price target.
Why Is Exide Industries Share Price Down 18 Percent From Its August High?
Exide shares are down about 18 percent from the Rs 496.40 high of the week of 10 August 2026 because the market is weighing heavy capex on the cell plant against core profit growth. The stock jumped 8.9 percent in the week of 3 August after the Q1 results, on volume of 3.1 crore shares.
It then fell for four weeks in a row to Rs 405.25, close to its level a year ago. A rise of 14 percent in the week of 25 May on volume of 3.8 crore shares has been given back. The Exide Industries share price target scenarios below account for that move.
Key Catalysts for the Exide Industries Share Price Target in 2026
4 catalysts matter most for the Exide Industries share price target, and sector tailwinds in Batteries are part of the case. Together they decide whether the base case is reached.
1. Lithium-Ion Revenue Start
Commercial revenue from the Bengaluru plant is expected in Q3 FY27, and first cell samples have been dispatched. Revenue would open a new profit stream. If it plays out, the Exide Industries share price target moves toward the top of the base range.
2. Core Business Growth
Double-digit growth in all major businesses lifted standalone profit 27 percent. Replacement demand and industrial orders keep the core steady. Strength here would support the upper end of the Exide Industries share price target.
3. EBITDA Margin
EBITDA margin improved to 12.4 percent on cost efficiency. Holding it supports EPS of Rs 14. Delivery on this point keeps the Exide Industries share price target on track.
4. OEM Certifications
Exide Energy Solutions has completed several product certifications and testing requirements with key makers. Wins would give the plant anchor customers. Better news here would lift the Exide Industries share price target toward the bull case.
What Are the Key Risks to the Exide Industries Share Price Target?
The main risks are plant delays, heavy capex, lithium-ion losses and competition from imported cells. Each can pull the Exide Industries share price target lower.
Plant Delays
Revenue is expected in Q3 FY27 after earlier delays. A further delay would push out the payback. If it materialises, the Exide Industries share price target would slip toward the bear case.
Heavy Capex
The board approved Rs 1,400 crore for FY27 on top of Rs 4,902 crore invested. Higher capex raises depreciation and funding needs. This is the main downside risk to the Exide Industries share price target.
Early Lithium-Ion Losses
New cell plants usually lose money while volumes ramp up. Losses would hold consolidated EPS near the bear case. A worsening here would cut the Exide Industries share price target toward the low end of the range.
Competition
Imported cells and global rivals are cutting prices. Lower prices would squeeze plant margins. Watch it closely, because it can pull the Exide Industries share price target lower quickly.
Exide Industries Stock Analysis: Support and Resistance Levels for the Share Price Target
Exide Industries stock analysis on weekly charts shows a range of Rs 402 to Rs 445 since mid-September, with the stock near the lower end.
The first support level is Rs 402 to Rs 405, the lows of the weeks of 5 October, 28 September and 14 September. Below that, Rs 380 is the June low, and a weekly close under Rs 402 would weaken the base.
The first resistance level is Rs 416 to Rs 424, the high of the week of 5 October and the close of the week of 21 September. Above that, Rs 435 to Rs 445 marks the mid-September high. These levels come from weekly price action, are not trade recommendations, and frame the near-term Exide Industries share price target.
Exide Industries Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Exide Industries Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 402 and Rs 424, from the September lows to the late-September close. A close above Rs 424 would put Rs 445 in play, while a weekly close under Rs 402 would put Rs 380 in play. The Q2 FY27 results are the main trigger. This range anchors the near-term Exide Industries share price target.
12-Month and 2027 Exide Industries Share Price Target
The 12-month target price is Rs 434 to Rs 490, valued on 31 to 35 times FY28 EPS of Rs 14. The range across scenarios runs from Rs 286 in the bear case to Rs 594 in the bull case.
Long-Term Exide Industries Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 560 to Rs 768. This assumes EPS of Rs 20 in FY29 and Rs 24 in FY30 and a multiple of 28 to 32 times. It needs the cell plant to reach scale at positive margins. This is the long-term Exide Industries share price target in the Univest scenarios.
Bull Case and Bear Case for Exide Industries Share Price Target
Bull Case Rs 544 to Rs 594
The bull case of Rs 544 to Rs 594 for the Exide Industries share price target needs EPS of Rs 16.50 and the market to pay 33 to 36 times for it. It is +34.2% to +46.6% from the last close.
Bear Case Rs 286 to Rs 319
The bear case of Rs 286 to Rs 319 for the Exide Industries share price target equals 26 to 29 times FY28 EPS of Rs 11 and sits above the Rs 287 low. It is -29.4% to -21.3% from the last close.
Is Exide Industries a Good Buy at Rs 405? Exide Industries Buy or Sell View
Whether Exide Industries is a buy at Rs 405.25 depends on horizon and risk appetite. The base case implies 7 to 21 percent from here, the stock is 18 percent below its high, and the open question is the cell plant. The Exide Industries share price target range is the starting point for that decision.
Long-term holders may focus on lithium-ion revenue, core growth and the margin, and treat Rs 402 as the level to watch. Short-term traders may prefer to wait for a close above Rs 424. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Exide Industries buy or sell view is educational.
How to Invest in Exide Industries Shares
Step 1: Check the live price, valuation and the latest Exide Industries share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Exide Industries share price target.
Step 3: Search for EXIDEIND on the NSE or 500086 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 286 is bearable.
Step 5: Track the cell plant, margin and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Exide Industries share price target.
Conclusion
Exide Industries closed at Rs 405.25 against a Univest base case share price target of Rs 434 to Rs 490, a bull case of Rs 544 to Rs 594 and a bear case of Rs 286 to Rs 319. Q1 FY27 delivered standalone profit of Rs 407 crore, up 27.1 percent, with EBITDA margin at 12.4 percent. The main risks are plant delays, heavy capex and early losses.
The stock is 18.4 percent below its 52-week high, so the base case implies roughly 7 to 21 percent from here. The triggers to watch are the cell plant, the Q2 FY27 results and the Rs 402 and Rs 424 levels. Re-check the Exide Industries share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Exide Industries live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Exide Industries Share Price Target 2026
What is the Exide Industries share price target for 2026?
Ans. The Exide Industries share price target for 2026 is Rs 434 to Rs 490 in the Univest base case, with a bull case of Rs 544 to Rs 594 and a bear case of Rs 286 to Rs 319. No brokerage price target was available on the sources we track as of 5 October 2026, so every range below is a Univest research scenario. These are estimates and can change after the Q2 FY27 results.
What is the Exide Industries share price target for 2027?
Ans. The Exide Industries share price target for 2027 is Rs 434 to Rs 490 in the base case, valued on 31 to 35 times FY28 EPS of Rs 14. The scenario range runs from Rs 286 to Rs 594.
Is Exide Industries a good buy at Rs 405.25?
Ans. Whether Exide Industries is a good buy at Rs 405.25 depends on your horizon, risk appetite and how you read the Exide Industries share price target. Core profit is growing 27 percent, but the stock trades at about 37 times earnings and the cell plant is not yet generating revenue. Consult a SEBI-registered advisor before investing.
What are the key risks to the Exide Industries share price target?
Ans. The key risks to the Exide Industries share price target are plant delays, heavy capex, early lithium-ion losses and competition. Revenue is expected in Q3 FY27 after earlier delays. A further delay would push out the payback.
What are the key catalysts for the Exide Industries share price target?
Ans. The key catalysts for the Exide Industries share price target are lithium-ion revenue start, core business growth, ebitda margin and oem certifications. Commercial revenue from the Bengaluru plant is expected in Q3 FY27, and first cell samples have been dispatched. Revenue would open a new profit stream.
Where can I track Exide Industries share price today and Exide Industries share price target updates?
Ans. You can track the live Exide Industries share price, results and any change to the Exide Industries share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Exide Industries’s 52-week high and low?
Ans. Exide Industries’s 52-week high is Rs 496.40 and its 52-week low is Rs 287.00, based on weekly NSE data. At Rs 405.25 the stock is 18.4 percent below the high and 41.2 percent above the low. Both levels frame the Exide Industries share price target.
How to buy Exide Industries shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for EXIDEIND on the NSE or 500086 on the BSE, and place a limit order near your entry price, using the Exide Industries share price target range as a guide. Size the position so a fall to Rs 286 is bearable, and check the live price on the Univest Screener first.
