Is Exide Industries the Best Stock in Its Sector? A Look at the Numbers
- September 15, 2026
- Posted by: Harsh Piplani
- Category: Market
Exide Industries CMP Rs 415 (15 Sep 2026). Market cap Rs 35,075 Cr. ROE 6.14%. P/E 37.45x versus Industry P/E 38.81x.
Quick Answer
Exide Industries is one of the names investors compare when screening the Consumer Durables sector, built on a 6.14% return on equity and a P/E of 37.45x against an Industry P/E of 38.81x. Exide Industries Ltd manufactures lead-acid storage batteries for automotive and industrial use, and has been expanding into lithium-ion cell manufacturing for electric vehicles. Whether Exide Industries is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Consumer Durables sector peers, so you can judge that for yourself.
Is Exide Industries the best stock in its sector? The stock trades on the NSE at Rs 415 as of 15 September 2026, within its 52-week range of Rs 287.00 to Rs 496.40. Exide Industries Ltd manufactures lead-acid storage batteries for automotive and industrial use, and has been expanding into lithium-ion cell manufacturing for electric vehicles.
Exide Industries sits in the Consumer Durables sector, and its 6.14% ROE and 37.45x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About Exide Industries
Exide Industries Ltd manufactures lead-acid storage batteries for automotive and industrial use, and has been expanding into lithium-ion cell manufacturing for electric vehicles. At a market capitalisation of Rs 35,075 Cr, it is tracked as part of the Consumer Durables sector on Univest.
Is Exide Industries the Best Stock in Its Sector?
Exide Industries makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 6.14% ROE with a 37.45x P/E against the sector’s 38.81x Industry P/E. Exide Industries trades almost exactly at its 38.81x Industry P/E, though its 6.14% ROE trails Blue Star and Amara Raja in this comparison, suggesting the valuation leans on its EV battery pivot rather than current returns.
| Metric | Exide Industries |
|---|---|
| CMP (NSE) | Rs 415.30 |
| 52-Week High / Low | Rs 496.40 / Rs 287.00 |
| Market Cap | Rs 35,075 Cr |
| P/E (TTM) vs Industry P/E | 37.45x vs 38.81x |
| P/B | 2.52 |
| ROE | 6.14% |
| EPS (TTM) | Rs 11.02 |
| Dividend Yield | 0.48% |
| Debt to Equity | 0.11 |
Compare Exide Industries Against Other Consumer Durables Sector Stocks
How Exide Industries Compares Against Its Consumer Durables Sector Peers
The table below sets Exide Industries against 2 other Consumer Durables sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Exide Industries | 35,075 | 37.45 | 6.14% | 0.11 |
| Blue Star | 32,076 | 63.00 | 15.38% | 0.24 |
| Amara Raja Energy and Mobility | 14,899 | 16.16 | 8.75% | 0.05 |
| Peer average (2 companies) | – | 39.58 | 12.07% | 0.14 |
Against this peer set, Exide Industries’s 6.14% ROE is below the 12.07% peer average, and its P/E of 37.45x runs below the peer average of 39.58x. Exide Industries trades almost exactly at its 38.81x Industry P/E, though its 6.14% ROE trails Blue Star and Amara Raja in this comparison, suggesting the valuation leans on its EV battery pivot rather than current returns.
What Makes Exide Industries Worth Watching in Consumer Durables
- Close to Industry P/E: A 37.45x P/E versus a 38.81x Industry P/E shows Exide trading almost exactly at sector norms.
- Low leverage: A debt to equity ratio of 0.11 gives Exide flexibility to fund its lithium-ion battery expansion.
- EV battery diversification: A push into lithium-ion cell manufacturing gives Exide a foothold in the electric vehicle battery supply chain beyond its legacy lead-acid business.
Exide Industries Valuation: Is It Justified?
Exide Industries trades almost exactly at its 38.81x Industry P/E, though its 6.14% ROE trails Blue Star and Amara Raja in this comparison, suggesting the valuation leans on its EV battery pivot rather than current returns. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Bata India the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Exide Industries and other Consumer Durables sector stocks.
How to Track Exide Industries Before You Invest
Before deciding whether Exide Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Consumer Durables sector peers using the steps below.
- Open the Univest Screener and search for Exide Industries to view live price, valuation ratios, and peer comparisons within the Consumer Durables sector.
- Compare its P/E, P/B, and ROE against other Consumer Durables sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Exide Industries earns a place in the best stock in its sector conversation on the strength of a 6.14% ROE and a P/E of 37.45x against a 38.81x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
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).
Is Exide Industries the best stock in its sector?
Ans. Exide Industries has a 6.14% ROE and trades at 37.45x P/E against a 38.81x Industry P/E, and compares below the peer average ROE of 12.07% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Exide Industries?
Ans. Exide Industries was trading at Rs 415.30 on the NSE as of 15 September 2026, within its 52-week range of Rs 287.00 to Rs 496.40.
What sector does Exide Industries belong to?
Ans. Exide Industries is classified under the Consumer Durables sector on Univest.
How does Exide Industries compare to its sector peers on P/E?
Ans. Exide Industries’s P/E of 37.45x is below the 39.58x average of the 2 named peers compared in this article.
What is Exide Industries’s return on equity?
Ans. Exide Industries reported a return on equity of 6.14%, which is below the 12.07% average of its named peers in this comparison.
Should I invest in Exide Industries based on its sector position?
Ans. Exide Industries’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
