Hold Exide Industries, target price Rs 195: Emkay

Emkay Global Financial Services has a hold call on Exide Industries Ltd. with a target price of Rs 195. The current price of Exide Industries is Rs 164.25.

Exide Industries Ltd., incorporated in the year 1947, is a Mid-Cap company (with a market cap of Rs 13982.50 Crore) operating in Auto Ancillaries sector.

Exide Industries Ltd. key Products/Revenue Segments include Batteries (Storage), Export Incentives, Other Operating Revenue, Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 4772.50 Crore, up 34.09 per cent from last quarter Total Income of Rs 3559.30 Crore and up 18.36 per cent from last year same quarter Total Income of Rs 4032.27 Crore. Company has reported net profit after tax of Rs 194.88 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 45.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 9.74 per cent, DIIs 21.69 per cent.