Amara Raja Energy and Mobility vs Exide Industries: Share Price, Comparison and Key Differences

Amara Raja Energy and Mobility MCap Rs 17,061 Cr, PE 19.05x, ROE 8.75%, Div 1.14%. Exide Industries MCap Rs 41,676 Cr, PE 44.49x, ROE 6.14%, Div 0.41%.

Updated: 11 Aug 2026 • 1:02 pm

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Amara Raja Energy and Mobility vs Exide Industries: Share Price, Comparison and Key Differences

Amara Raja Energy and Mobility vs Exide Industries is a comparison battery sector investors look up when evaluating India's two largest automotive and industrial battery manufacturers. Amara Raja Energy and Mobility (formerly Amara Raja Batteries, NSE: AMARAJABAT), promoted by the Galla family and partnered with Johnson Controls (USA), makes Amaron and PowerZone batteries. Exide Industries, India's oldest battery company, makes Exide and SF Sonic batteries for automotive, industrial and solar storage applications. Both Amara Raja vs Exide are reinventing themselves for the lithium-ion EV battery era.

This Amara Raja Energy and Mobility vs Exide Industries article covers reach and market position, key products, latest declared results and stock valuation. The Amara Raja Energy and Mobility vs Exide Industries data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Table of Contents

Amara Raja Energy and Mobility vs Exide Industries: Reach and Market Position

On the Amara Raja Energy and Mobility side of the Amara Raja Energy and Mobility vs Exide Industries comparison, Amara Raja Energy and Mobility serves automotive OEMs, aftermarket and industrial customers across India and exports. Market capitalisation is Rs 17,061 Cr.

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On the Exide Industries side of the Amara Raja Energy and Mobility vs Exide Industries comparison, Exide Industries serves automotive OEMs, aftermarket, industrial UPS and telecom tower customers across India. Market capitalisation is Rs 41,676 Cr.

Amara Raja Energy and Mobility vs Exide Industries: Key Products and Business Mix

In the Amara Raja Energy and Mobility vs Exide Industries product comparison, Amara Raja Energy and Mobility offers: Amara Raja earns from lead-acid automotive batteries (Amaron, PowerZone brands), industrial batteries and is building lithium-ion cell manufacturing capability. EPS is Rs 48.94. PE is 19.05x, ROE 8.75 percent, D/E 0.05. Dividend yield is 1.14 percent.

For Exide Industries in this Amara Raja Energy and Mobility vs Exide Industries breakdown: Exide earns from lead-acid automotive batteries, industrial batteries (UPS, telecom), solar storage and is investing in lithium-ion through Exide Energy. EPS is Rs 11.02. PE is 44.49x, ROE 6.14 percent, D/E 0.11. Exide's high PE (44.49x) reflects investor optimism about its lithium-ion venture.

Amara Raja Energy and Mobility vs Exide Industries: Latest Results

The Amara Raja Energy and Mobility vs Exide Industries results for Amara Raja Energy and Mobility: Amara Raja Energy has a market cap of Rs 17,061 Cr and PE of 19.05x. ROE is 8.75 percent. Amara Raja is 2.4 times smaller than Exide by market cap.

The Amara Raja Energy and Mobility vs Exide Industries results for Exide Industries: Exide Industries has a market cap of Rs 41,676 Cr and PE of 44.49x. ROE is 6.14 percent. Exide commands a significant premium over Amara Raja despite lower ROE, reflecting its lithium-ion investment optionality and market leadership.

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Amara Raja Energy and Mobility vs Exide Industries: Stock and Valuation

The Amara Raja Energy and Mobility vs Exide Industries stock comparison uses the latest available market data from Groww. Investors tracking Amara Raja Energy and Mobility vs Exide Industries should verify current prices on NSE or BSE before trading.

Amara Raja vs Exide Industries at current valuations: Amara Raja trades at Rs 17,061 Cr market cap, PE 19.05x, ROE 8.75 percent. Exide trades at Rs 41,676 Cr market cap, PE 44.49x, ROE 6.14 percent. Amara Raja is significantly cheaper on PE with a higher ROE. Exide commands a premium for lithium-ion cell investment optionality.

Amara Raja Energy and Mobility vs Exide Industries: Quick Comparison Table

The Amara Raja Energy and Mobility vs Exide Industries comparison table below summarises the key metrics covered in this article side by side.

Parameter	Amara Raja Energy and Mobility	Exide Industries
Sector	Lead acid batteries (Amaron, PowerZone) + Li-ion transition	Lead acid batteries (Exide, SF Sonic) + Exide Energy Li-ion
Market Cap	Rs 17,061 Cr	Rs 41,676 Cr
P/E Ratio	19.05x	44.49x
ROE	8.75%	6.14%
Debt to Equity	0.05	0.11
Dividend Yield	1.14%	0.41%
US Partner	Johnson Controls (technology tie-up)	None (own brand)

Conclusion

The Amara Raja Energy and Mobility vs Exide Industries comparison above covers the key data points on reach, products, results and valuation. Amara Raja Energy and Mobility vs Exide Industries covers India's two largest battery OEMs at a pivotal transition moment. Both are investing in lithium-ion capabilities alongside their core lead-acid businesses. Amara Raja is cheaper on PE and has a higher ROE, while Exide commands a premium as India's legacy battery market leader. Amara Raja vs Exide investors should review lead acid volume growth, EV battery order wins, lithium-ion cell cost timelines and capital allocation. Amara Raja vs Exide Industries represent contrasting risk-return in the India battery transition story. Consult a SEBI-registered advisor for personalised guidance. Amara Raja Energy and Mobility vs Exide Industries investors should track EV battery order announcements from Indian OEMs and lithium cell manufacturing milestones.

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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. 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).

Frequently Asked Questions

What does Amara Raja Energy make?

Ans. Amara Raja Energy and Mobility (formerly Amara Raja Batteries) manufactures lead-acid batteries under the Amaron and PowerZone brands for automotive OEMs and aftermarket, industrial UPS, telecom towers and solar storage. It is also building lithium-ion cell manufacturing facilities.

What does Exide Industries make?

Ans. Exide Industries makes lead-acid automotive batteries (Exide, SF Sonic, Standard Furukawa brands) and industrial batteries for UPS, telecom towers and solar storage. Through Exide Energy Solutions, it is building lithium-ion battery cells and packs for electric vehicles.

What is Exide Energy?

Ans. Exide Energy Solutions is Exide Industries' lithium-ion battery subsidiary setting up large-scale Li-ion cell manufacturing capacity in India. The investment has contributed to Exide's premium PE valuation as investors price in EV battery optionality.

Which has a higher ROE, Amara Raja or Exide?

Ans. Amara Raja Energy has a higher ROE of 8.75 percent versus Exide Industries' 6.14 percent. However, Exide trades at a much higher PE (44.49x vs 19.05x) due to its Li-ion investment.