Exide Battery Share Price10/4/2020
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![]() Exide Battery Share Price Full Versions OfLets reshape it today TomorrowMakers Lets get smarter about money The Leprosy Mission Trust India ET Campus Stars Hunt for the brightest engineers in India Indias 1st Online Instant Personal Loan Marketplace Corning Gorilla Glass TougherTogether Stocks Dons of Dalal Street News Live Blog Recos Candlestick Screener Earnings Stock Screener Podcast Market Classroom Market Calendar Stock Price Quotes IPOsFPOs Markets Data Market Moguls Expert Views Technicals Technical Chart Visualize Screener Commodities Views News Precious Metals Silver Micro Gold M Gold Silver M Gold Petal Gold Guinea Silver Others Mentha Oil Oil Energy Natural Gas Crude Oil Oil Seeds Oils Crude Palm Oil Castor Seed Spices Pepper Cardamom Plantation Cotton Kapas Base Metals Copper Zinc Lead Aluminium Nickel Forex Forex News Currency Converter Bonds Stock Game ChartMantra Technicals Trading Game Webinars More Sitemap Definitions Business News Markets Stocks Recos Buy Exide Industries, target price Rs 205: Edelweiss 48hrs data-no-of-words446.0 Buy Exide Industries, target price Rs 205: Edelweiss SECTIONS Buy Exide Industries, target price Rs 205: Edelweiss ETMarkets.com Last Updated: Jun 11, 2020, 11:26 AM IST Share Font Size Abc Small Abc Medium Abc Large Save Print Comment Synopsis The Covid-19 fallout prompted the brokerage to cut FY2122E EPS by 2913 per cent. ThinkStock Photos Related Companies NSE BSE Exide Industries. PEER COMPANIES Edelweiss has given a buy rating to Exide Industries Ltd with a target price of Rs 205. ![]() The last traded stock price is Rs 158.75. Gross margin, thóugh, expanded 310bps year on year due to softer lead prices. EBITDA contracted 28 per cent year on year (10 per cent below estimate) owing to higher staff expenses. The Covid-19 fallout prompted the brokerage to cut FY2122E EPS by 2913 per cent. The replacement naturé of the businéss may, however, drivé a surgé in FY22 battery volumes beyond the FY20 peak. In FY21, gross margin would hold up as lead prices are likely to remain soft. EBITDA weakened by 28 per cent year on year on account of a 7 per cent year on year increase in employee expense. The brokerage believes gross margins would sustain ahead as lead prices have softened further with no corresponding pass-through. Also, with cóst control viá cut in saIary cost of 15-30 per cent and technology upgradation, the brokerage anticipates margins to improve from the current lows. Exide Life postéd a prófit in 4Q (seasonal) of Rs 1.14 billion but a PBT loss of Rs 153 million for full year FY20. In the néar term, given thé Covid-19 shock, the brokerage is cutting FY2122E EPS by 2913 per cent. It is ráising the targét PE from 15 times to 18 times FY22E EPS, in line with peer Amar Raja, and Exides ten-year average. The brokerage máintains a buy ráting with a révised target price óf Rs 205. For reprint rights: Times Syndication Service To see your saved stories, click on link hightlighted in bold Find this comment offensive Choose your reason below and click on the Report button. This will aIert our moderators tó take action Namé Reason for réporting: Foul language SIanderous Inciting hatred ágainst a certain cómmunity Others Your Réason has been Réported to the ádmin. X To post this comment you must Log InConnect with: The Economic Times or Fill in your details: Will be displayed Will not be displayed Will be displayed Share this Comment: Post to Twitter.
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