Today, we’re going on a journey to explore the estimated Exide Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected Exide Share Price Target.
Exide Industries is a leading energy storage solutions provider based in Kolkata, India. The company designs, manufactures, markets, and sells a wide range of lead acid storage batteries, ranging from 2.5Ah to 20,200Ah capacity, to cover a broad spectrum of applications.
These batteries are used in various industries, including automotive, power, telecom, infrastructure projects, computer industries, railways, mining, and defense sectors. The company has manufacturing facilities in India and Sri Lanka and exports its products to 60 countries across six continents.
In addition to lead acid batteries, Exide Industries has forayed into the manufacture of lithium-ion battery modules and packs for India’s electric vehicle market and grid-based applications through its wholly-owned subsidiary, Exide Energy Private Limited (under the brand ‘Nexcharge’).
Overview of Exide
| Name | Exide Industries Limited |
| Symbol | EXIDE |
| Industry | Energy Storage |
| Founded | 1947 |
| CEO | Subir Chakraborty |
| Headquarters | Kolkata, India |
| Country | India |
| Locations | Manufacturing facilities in India and Sri Lanka |
| Website | exideindustries.com |
| Profile | Exide_Industries |
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Exide Share price target for 2023, 2025, 2030 to 2050. Additionally, we will also take into account analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation.
Keep an eye on Exide’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Exide’s share price.
Fundamentals of Exide
The fundamental analysis of Exide Limited focuses on key factors to better understand the company’s valuation.
Brokerage Firms
An effective method for evaluating the Exide share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 11 AUG 2023 | ICICI Direct | 335.00 | Buy |
| 10 JUL 2023 | IDBI Capital | 256.00 | Buy |
| 17 MAY 2023 | IDBI Capital | 256.00 | Buy |
| 12 MAY 2023 | ICICI Direct | 230.00 | Buy |
| 13 FEB 2023 | Geojit BNP Paribas | 200.00 | Accum. |
| 01 FEB 2023 | IDBI Capital | 216.00 | Buy |
| 31 JAN 2023 | ICICI Direct | 210.00 | Buy |
| 30 JAN 2023 | Motilal Oswal | 215.00 | Buy |
Analyst Recommendations
Exide Buy or Sell
Daily Low / High
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We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Exide price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
Based on my analysis, I believe that the minimum and maximum targets for the share price of Exide Industries for the year 2023 are ₹300 and ₹350, respectively. This is due to the company’s strong financial performance in the first quarter of the financial year 2023-24, with revenue from operations increasing by 4.2% year-on-year and EBITDA growing by 11.7% compared to the same period last year.
Additionally, the company’s foray into the manufacture of lithium-ion battery modules and packs for India’s electric vehicle market and grid-based applications through its subsidiary, Exide Energy Private Limited, is expected to drive growth in the coming years.
Looking ahead, I forecast that the share price of Exide Industries will continue to grow steadily over the next few years. For the year 2024, I estimate a minimum target of ₹350 and a maximum target of ₹400. This is based on the company’s plans to set up a plant for lithium-ion cell manufacturing business through its subsidiary, Exide Energy Solutions Limited. In addition, the increasing demand for electric vehicles and renewable energy sources is expected to drive growth in the battery industry, which will benefit Exide Industries.
For the year 2025, I estimate a minimum target of ₹400 and a maximum target of ₹450. This is based on the company’s strong position in the Indian and global battery markets, with exports spanning 60 countries across six continents. The company’s focus on innovation and technology, as well as its commitment to sustainability, is expected to drive growth in the coming years.
For the years 2026 to 2030, I estimate a steady growth in the share price of Exide Industries, with a minimum target of ₹450 and a maximum target of ₹600 by 2030. This is based on the company’s plans to expand its lithium-ion battery manufacturing capacity and its focus on research and development to meet the growing demand for electric vehicles and renewable energy sources.
Looking further ahead, I estimate a minimum target of ₹600 and a maximum target of ₹800 by 2035. The increasing demand for electric vehicles and renewable energy sources is expected to drive growth in the battery industry. The company’s focus on innovation and technology, as well as its commitment to sustainability, is expected to continue to drive growth.
The company’s continued focus on innovation and technology, as well as its commitment to sustainability, is expected to drive growth. The increasing demand for electric vehicles and renewable energy sources is expected to continue to drive growth in the battery industry. Based on this, I believe that Exide’s share price will reach a minimum target of ₹800 and a maximum target of ₹1000 by the end of 2040.
The increasing demand for electric vehicles and renewable energy sources is expected to continue to drive growth in the battery industry. The company’s continued focus on innovation and technology, as well as its commitment to sustainability, is expected to drive growth. Based on this, I believe that Exide’s share price will reach a minimum target of ₹1000 and a maximum target of ₹1500 by the end of 2050.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹300 | ₹350 |
| 2024 | ₹350 | ₹400 |
| 2025 | ₹400 | ₹450 |
| 2027 | ₹500 | ₹550 |
| 2030 | ₹600 | ₹600 |
| 2035 | ₹600 | ₹800 |
| 2040 | ₹800 | ₹1000 |
| 2050 | ₹1000 | ₹1500 |
– According to Google historical data, the price of Exide on 1 Jan 1999 was ₹6.89.
– As of 2 September 2023, the current share price of Exide is ₹265.60 Check out today’s current share price.
– Based on our analysis, the maximum share price target for Exide in 2023 could be ₹350.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “Exide Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold Exide stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
