Historical Financial Statement - EXIDE INDUSTRIES LTD

Years Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 LTM
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# Income Statement
Sales ₹9,471.4 ₹9,476.5 ₹11,178.6 ₹12,808.1 ₹14,720.9 ₹14,471.0 ₹10,359.4 ₹12,789.2 ₹15,078.2 ₹16,769.7 ₹17,075.3
Sales Growth - 0.05% 17.96% 14.58% 14.93% -1.70% -28.41% 23.45% 17.90% 11.22% 1.82%

COGS ₹7,673.5 ₹7,155.2 ₹8,521.4 ₹10,061.6 ₹11,549.8 ₹11,067.7 ₹8,059.7 ₹10,271.4 ₹12,146.1 ₹13,448.9 ₹15,257.5
COGS % Sales 81.02% 75.50% 76.23% 78.56% 78.46% 76.48% 77.80% 80.31% 80.55% 80.20% 89.35%

Gross Profit ₹1,798.0 ₹2,321.3 ₹2,657.2 ₹2,746.5 ₹3,171.1 ₹3,403.4 ₹2,299.7 ₹2,517.8 ₹2,932.1 ₹3,320.8 ₹1,817.8
Gross Margins 18.98% 24.50% 23.77% 21.44% 21.54% 23.52% 22.20% 19.69% 19.45% 19.80% 10.65%

Selling & General Expenses ₹893.4 ₹1,174.1 ₹1,243.4 ₹1,290.8 ₹1,543.7 ₹1,547.3 ₹875.3 ₹1,055.2 ₹1,276.0 ₹1,413.7 -
S&G Exp % Sales 9.43% 12.39% 11.12% 10.08% 10.49% 10.69% 8.45% 8.25% 8.46% 8.43% 0.00%

Other Exp. (Other Income) NET (₹133.6) (₹99.1) (₹62.1) ₹26.4 (₹82.2) ₹358.4 (₹73.5) (₹3,664.4) (₹62.1) (₹4.6)

EBITDA ₹1,038.2 ₹1,246.3 ₹1,475.9 ₹1,429.4 ₹1,709.7 ₹1,497.7 ₹1,497.9 ₹5,127.0 ₹1,718.2 ₹1,911.7 ₹1,887.1
EBITDA Margins 10.96% 13.15% 13.20% 11.16% 11.61% 10.35% 14.46% 40.09% 11.40% 11.40% 11.05%

Intrest ₹9.3 ₹78.8 ₹152.8 ₹114.3 ₹117.1 ₹108.2 ₹36.5 ₹64.4 ₹78.7 ₹120.1 ₹148.9
Intrest % Sales 0.10% 0.83% 1.37% 0.89% 0.80% 0.75% 0.35% 0.50% 0.52% 0.72% 0.87%

Depreciation ₹155.3 ₹175.3 ₹225.9 ₹267.2 ₹343.5 ₹417.6 ₹393.5 ₹439.5 ₹501.9 ₹560.4 ₹576.5
Depreciation % Sales 1.64% 1.85% 2.02% 2.09% 2.33% 2.89% 3.80% 3.44% 3.33% 3.34% 3.38%

Earning Before Tax ₹873.5 ₹992.2 ₹1,097.1 ₹1,047.9 ₹1,249.0 ₹971.9 ₹1,067.8 ₹4,623.1 ₹1,137.6 ₹1,231.2 ₹1,161.7
EBT % Sales 9.22% 10.47% 9.81% 8.18% 8.48% 6.72% 10.31% 36.15% 7.54% 7.34% 6.80%

Tax ₹257.2 ₹292.1 ₹293.1 ₹353.8 ₹401.7 ₹209.4 ₹264.7 ₹266.3 ₹314.8 ₹348.4 ₹368.8
Effective Tax Rate 29.44% 29.44% 26.72% 33.76% 32.16% 21.55% 24.79% 5.76% 27.67% 28.29% 31.75%

Net Profit ₹616.3 ₹700.1 ₹804.0 ₹694.1 ₹847.4 ₹762.5 ₹803.1 ₹4,356.8 ₹822.8 ₹882.8 ₹792.9
Net Margins 6.51% 7.39% 7.19% 5.42% 5.76% 5.27% 7.75% 34.07% 5.46% 5.26% 4.64%

No of Equity Shares ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0

EPS ₹7.3 ₹8.2 ₹9.5 ₹8.2 ₹10.0 ₹9.0 ₹9.4 ₹51.3 ₹9.7 ₹10.4 ₹9.3
EPS Growth 13.59% 14.84% -13.67% 22.08% -10.02% 5.33% 442.50% -81.12% 7.30% -10.19%

Dividend Per Share ₹2.2 ₹2.4 ₹2.4 ₹2.4 ₹2.4 ₹4.1 ₹2.0 ₹2.0 ₹2.0 ₹2.0 -
Dividend Payout Ratio 30.34% 29.14% 25.37% 29.39% 24.08% 45.71% 21.17% 3.90% 20.66% 19.26% 0.00%

Retained Earnings 69.66% 70.86% 74.63% 70.61% 75.92% 54.29% 78.83% 96.10% 79.34% 80.74% 100.00%
 Historical Financial Statement - EXIDE INDUSTRIES LTD
Years Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

# Balance sheet
Equity Share Capital ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0 ₹85.0
Reserves ₹3,756.0 ₹4,304.8 ₹4,947.1 ₹5,344.2 ₹6,021.9 ₹6,382.3 ₹7,187.3 ₹10,498.7 ₹11,047.3 ₹12,801.3
Borrowings ₹57.7 ₹114.9 ₹186.6 ₹59.7 ₹89.0 ₹196.5 ₹508.7 ₹519.5 ₹588.4 ₹1,122.9
Other Liabilities ₹9,988.7 ₹10,865.7 ₹12,546.5 ₹14,326.3 ₹16,235.1 ₹17,687.7 ₹20,625.0 ₹2,799.2 ₹3,036.9 ₹4,139.9

Total Liabilities ₹13,887.4 ₹15,370.4 ₹17,765.3 ₹19,815.2 ₹22,430.9 ₹24,351.5 ₹28,406.0 ₹13,902.4 ₹14,757.6 ₹18,149.1

Fixed Assets Net Block ₹1,781.2 ₹1,975.2 ₹2,258.8 ₹2,681.0 ₹3,079.8 ₹3,248.5 ₹3,598.8 ₹3,361.2 ₹3,682.5 ₹3,852.8
Capital Work in Progress ₹114.6 ₹192.5 ₹148.7 ₹241.3 ₹300.1 ₹404.9 ₹431.0 ₹340.9 ₹525.1 ₹1,352.0
Investments ₹8,816.9 ₹10,445.8 ₹11,884.1 ₹12,490.5 ₹14,328.0 ₹15,815.5 ₹18,806.7 ₹5,558.4 ₹5,105.9 ₹5,940.0
Other Assets ₹630.7 ₹498.4 ₹709.5 ₹986.6 ₹1,062.9 ₹1,065.6 ₹1,503.0 ₹489.7 ₹637.9 ₹1,423.0
Total Non Current Assets ₹11,343.4 ₹13,111.8 ₹15,001.2 ₹16,399.4 ₹18,770.7 ₹20,534.5 ₹24,339.3 ₹9,750.3 ₹9,951.4 ₹12,567.8

Receivables ₹690.2 ₹718.7 ₹738.6 ₹1,093.6 ₹1,245.0 ₹1,060.8 ₹1,076.2 ₹1,097.9 ₹1,229.6 ₹1,382.3
Inventory ₹1,646.4 ₹1,245.9 ₹1,702.0 ₹2,004.9 ₹2,065.3 ₹2,414.6 ₹2,636.9 ₹2,855.3 ₹3,436.4 ₹3,868.5
Cash & Bank ₹207.5 ₹294.0 ₹323.5 ₹317.5 ₹349.9 ₹341.6 ₹353.6 ₹199.0 ₹140.3 ₹330.5
Total Current Assets ₹2,544.0 ₹2,258.6 ₹2,764.1 ₹3,415.9 ₹3,660.2 ₹3,817.0 ₹4,066.6 ₹4,152.1 ₹4,806.3 ₹5,581.3

Total Assets ₹13,887.4 ₹15,370.4 ₹17,765.3 ₹19,815.2 ₹22,430.9 ₹24,351.5 ₹28,406.0 ₹13,902.4 ₹14,757.6 ₹18,149.1

Check TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE TRUE
 Historical Financial Statement - EXIDE INDUSTRIES LTD
Years Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24

# Income Statement
Operating Activity
Profit from operations ₹831.0 ₹1,369.0 ₹1,736.0 ₹1,729.0 ₹2,184.0 ₹2,128.0 ₹1,399.0 ₹1,409.0 ₹1,641.0 ₹1,832.0
Receivables (₹31.0) (₹38.0) (₹26.0) (₹355.0) (₹150.0) ₹167.0 (₹64.0) (₹159.0) (₹131.0) (₹150.0)
Inventory (₹344.0) ₹400.0 (₹456.0) (₹303.0) (₹60.0) (₹349.0) (₹222.0) (₹218.0) (₹581.0) (₹432.0)
Payables - - - - - - - - - -
Loans Advances (₹58.0) (₹11.0) - - - ₹27.0 (₹199.0) (₹33.0) - -
Other WC items ₹34.0 ₹142.0 (₹26.0) ₹210.0 ₹101.0 (₹92.0) ₹696.0 ₹12.0 ₹170.0 ₹670.0
Direct taxes (₹253.0) (₹280.0) (₹292.0) (₹367.0) (₹388.0) (₹261.0) (₹277.0) (₹246.0) (₹330.0) (₹388.0)
Exceptional CF items - - - - - - ₹931.0 (₹703.0) - -
Cash from Operating Activity - ₹179.0 ₹1,582.0 ₹936.0 ₹914.0 ₹1,687.0 ₹1,620.0 ₹2,264.0 ₹62.0 ₹769.0 ₹1,532.0

Investing Activity
Fixed assets purchased (₹332.0) (₹423.0) (₹441.0) (₹808.0) (₹811.0) (₹608.0) (₹494.0) (₹666.0) (₹993.0) (₹1,876.0)
Fixed assets sold ₹2.0 ₹1.0 - ₹1.0 ₹125.0 ₹13.0 ₹2.0 ₹2.0 ₹8.0 ₹5.0
Investments purchased (₹7,681.0) (₹7,999.0) (₹990.0) (₹435.0) (₹1,590.0) (₹8,684.0) (₹2,385.0) (₹2,038.0) (₹2,601.0) (₹2,382.0)
Investments sold ₹7,501.0 ₹6,564.0 - - - ₹7,207.0 ₹1,596.0 ₹2,269.0 ₹2,771.0 ₹2,776.0
Investment income - - ₹703.0 ₹705.0 ₹838.0 ₹998.0 ₹46.0 ₹2.0 ₹16.0 ₹19.0
Interest received ₹473.0 ₹598.0 - - - - - - - -
Dividends received ₹18.0 - - - - - - - - -
Redemp n Canc of Shares - - - - - - - ₹5.0 - -
Acquisition of companies - - - - - (₹23.0) - (₹7.0) - -
Other investing items (₹41.0) (₹70.0) ₹1.0 ₹2.0 - - (₹848.0) ₹501.0 - -
Cash from Investing Activity - (₹60.0) (₹1,329.0) (₹727.0) (₹535.0) (₹1,438.0) (₹1,097.0) (₹2,083.0) ₹68.0 (₹799.0) (₹1,458.0)

Financing Activity
Proceeds from borrowings ₹28.0 ₹75.0 ₹68.0 - ₹128.0 ₹111.0 ₹205.0 ₹134.0 ₹176.0 ₹527.0
Repayment of borrowings (₹2.0) (₹3.0) - - (₹99.0) (₹128.0) (₹134.0) (₹45.0) (₹102.0) (₹116.0)
Interest paid fin (₹3.0) (₹2.0) (₹2.0) (₹10.0) (₹12.0) (₹4.0) (₹13.0) (₹35.0) (₹48.0) (₹71.0)
Dividends paid (₹223.0) (₹236.0) (₹248.0) (₹249.0) (₹247.0) (₹502.0) (₹170.0) (₹170.0) - (₹170.0)
Financial liabilities - - - - - (₹36.0) (₹27.0) (₹34.0) (₹35.0) (₹59.0)
Other financing items - - - (₹127.0) ₹14.0 ₹28.0 (₹31.0) (₹23.0) (₹22.0) -
Cash from Financing Activity - (₹200.0) (₹166.0) (₹182.0) (₹386.0) (₹216.0) (₹531.0) (₹170.0) (₹173.0) (₹31.0) ₹111.0

Net Cash Flow (₹81.0) ₹87.0 ₹27.0 (₹7.0) ₹33.0 (₹8.0) ₹11.0 (₹43.0) (₹61.0) ₹185.0
 Ratio Analysis - EXIDE INDUSTRIES LTD
Years Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Trend Mean Median

Sales Growth 0.05% 17.96% 14.58% 14.93% -1.70% -28.41% 23.45% 17.90% 11.22% 7.78% 14.58%
EBITDA Growth 20.05% 18.42% -3.15% 19.61% -12.40% 0.01% 242.29% -66.49% 11.26% 25.51% 11.26%
EBT Growth 13.59% 10.58% -4.49% 19.20% -22.19% 9.87% 332.95% -75.39% 8.23% 32.48% 9.87%
Net Profit Growth 13.59% 14.84% -13.67% 22.08% -10.02% 5.33% 442.50% -81.12% 7.30% 44.54% 7.30%
Dividend Growth 9.09% 0.00% 0.00% 0.00% 70.83% -51.22% 0.00% 0.00% 0.00% 3.19% 0.00%

Gross Margins 18.98% 24.50% 23.77% 21.44% 21.54% 23.52% 22.20% 19.69% 19.45% 19.80% 21.49% 21.49%
EBITDA Margin 10.96% 13.15% 13.20% 11.16% 11.61% 10.35% 14.46% 40.09% 11.40% 11.40% 14.78% 11.51%
EBIT Margin 9.32% 11.30% 11.18% 9.07% 9.28% 7.46% 10.66% 36.65% 8.07% 8.06% 12.11% 9.30%
EBT Margin 9.22% 9.85% 8.90% 8.02% 7.48% 6.44% 9.03% 7.03% 6.72% 6.82% 7.95% 7.75%
Net Profit Margin 6.51% 7.39% 7.19% 5.42% 5.76% 5.27% 7.75% 34.07% 5.46% 5.26% 9.01% 6.13%

Sales Expenses % Sales 9.43% 12.39% 11.12% 10.08% 10.49% 10.69% 8.45% 8.25% 8.46% 8.43% 9.78% 9.76%
Depreciation % Sales 1.64% 1.85% 2.02% 2.09% 2.33% 2.89% 3.80% 3.44% 3.33% 3.34% 2.67% 2.61%
Operation Income % Sales 9.32% 11.30% 11.18% 9.07% 9.28% 7.46% 10.66% 36.65% 8.07% 8.06% 12.11% 9.30%

Return On Capital Employed 22.64% 23.78% 23.95% 21.17% 22.05% 16.21% 14.19% 42.22% 10.38% 9.65% 20.62% 21.61%
Retained Earnings% 69.66% 70.86% 74.63% 70.61% 75.92% 54.29% 78.83% 96.10% 79.34% 80.74% 75.10% 75.28%
Return On Equity % 16.05% 15.95% 15.98% 12.78% 13.88% 11.79% 11.04% 41.17% 7.39% 6.85% 15.29% 13.33%
Self Sustain Growth Rate 11.18% 11.30% 11.92% 9.03% 10.53% 6.40% 8.71% 39.56% 5.86% 5.53% 12.00% 9.78%
Interest Coverage Ratio 94.73x 13.59x 8.18x 10.17x 11.67x 9.98x 30.24x 72.83x 15.45x 11.25x 27.81x 12.63x

Debt Turnover Ratio 13.72x 13.19x 15.14x 11.71x 11.82x 13.64x 9.63x 11.65x 12.26x 12.13x 12.49x 12.20x
Credit Turnover Ratio 0.95x 0.87x 0.89x 0.89x 0.91x 0.82x 0.50x 4.57x 4.96x 4.05x 1.94x 0.90x
Inventory Turnover 5.75x 7.61x 6.57x 6.39x 7.13x 5.99x 3.93x 4.48x 4.39x 4.33x 5.66x 5.87x
Fixed Asset Turnover 5.32x 4.80x 4.95x 4.78x 4.78x 4.45x 2.88x 3.80x 4.09x 4.35x 4.42x 4.62x
Capital Turnover Ratio 2.47x 2.16x 2.22x 2.36x 2.41x 2.24x 1.42x 1.21x 1.35x 1.30x 1.91x 2.19x

Debtor Days 27 Days 28 Days 24 Days 31 Days 31 Days 27 Days 38 Days 31 Days 30 Days 30 Days 30 Days 30 Days
Payable Days 385 Days 419 Days 410 Days 408 Days 403 Days 446 Days 727 Days 80 Days 74 Days 90 Days 344 Days 405 Days
Inventory Days 63 Days 48 Days 56 Days 57 Days 51 Days 61 Days 93 Days 81 Days 83 Days 84 Days 68 Days 62 Days
Cash Conversion Cycle (295 Days) (343 Days) (330 Days) (320 Days) (320 Days) (358 Days) (596 Days) 33 Days 39 Days 24 Days (247 Days) (320 Days)

CFO / Sales 1.89% 16.69% 8.37% 7.14% 11.46% 11.19% 21.85% 0.48% 5.10% 9.14% 9.33% 8.75%
CFO / Total Assets 1.29% 10.29% 5.27% 4.61% 7.52% 6.65% 7.97% 0.45% 5.21% 8.44% 5.77% 5.96%
CFO / Total Debts 310.44% 1377.21% 501.50% 1530.73% 1894.87% 824.43% 445.05% 11.93% 130.70% 136.44% 716.33% 473.27%
EXIDE INDUSTRIES LTD - Sales Forecasting EXIDE INDUSTRIES LTD - EBITDA Forecasting EXIDE INDUSTRIES LTD - EBIT Forecasting
Year weight Year Sales Sales Growth Year weight Year EBITDA EBITDA Growth Year weight Year EBIT EBIT Growth
1 2015A 9471.4 1 2015A 1038.2 1 2015A 882.9
2 2016A 9476.5 0.05% 2 2016A 1246.3 20.05% 2 2016A 1071.0 21.32%
3 2017A 11178.6 17.96% 3 2017A 1475.9 18.42% 3 2017A 1250.0 16.71%
4 2018A 12808.1 14.58% 4 2018A 1429.4 -3.15% 4 2018A 1162.2 -7.02%
5 2019A 14720.9 14.93% 5 2019A 1709.7 19.61% 5 2019A 1366.1 17.55%
6 2020A 14471.0 -1.70% 6 2020A 1497.7 -12.40% 6 2020A 1080.1 -20.94%
7 2021A 10359.4 -28.41% 7 2021A 1497.9 0.01% 7 2021A 1104.3 2.25%
8 2022A 12789.2 23.45% 8 2022A 5127.0 242.29% 8 2022A 4687.5 324.46%
9 2023A 15078.2 17.90% 9 2023A 1718.2 -66.49% 9 2023A 1216.3 -74.05%
10 2024A 16769.7 11.22% 10 2024A 1911.7 11.26% 10 2024A 1351.3 11.10%
11 2025E 16224.1 -3.25% 11 2025E 2845.7 48.85% 11 2025E 2249.2 66.45%
12 2026E 16862.6 3.94% 12 2026E 3023.9 6.26% 12 2026E 2382.3 5.92%
13 2027E 17501.1 3.79% 13 2027E 3202.2 5.90% 13 2027E 2515.4 5.59%
14 2028E 18139.6 3.65% 14 2028E 3380.5 5.57% 14 2028E 2648.5 5.29%
15 2029E 18778.1 3.52% 15 2029E 3558.7 5.27% 15 2029E 2781.6 5.03%

EXIDE INDUSTRIES LTD - EBT Forecasting EXIDE INDUSTRIES LTD - Net Profit Forecasting EXIDE INDUSTRIES LTD - EPS Forecasting
Year weight Year EBT EBT Growth Year weight Year Net Profit Net Profit Growth Year weight Year EPS EPS Growth
1 2015A 873.5 1 2015A 616.3 1 2015A 7.3
2 2016A 992.2 13.59% 2 2016A 700.1 13.59% 2 2016A 8.2 13.59%
3 2017A 1097.1 10.58% 3 2017A 804.0 14.84% 3 2017A 9.5 14.84%
4 2018A 1047.9 -4.49% 4 2018A 694.1 -13.67% 4 2018A 8.2 -13.67%
5 2019A 1249.0 19.20% 5 2019A 847.4 22.08% 5 2019A 10.0 22.08%
6 2020A 971.9 -22.19% 6 2020A 762.5 -10.02% 6 2020A 9.0 -10.02%
7 2021A 1067.8 9.87% 7 2021A 803.1 5.33% 7 2021A 9.4 5.33%
8 2022A 4623.1 332.95% 8 2022A 4356.8 442.50% 8 2022A 51.3 442.50%
9 2023A 1137.6 -75.39% 9 2023A 822.8 -81.12% 9 2023A 9.7 -81.12%
10 2024A 1231.2 8.23% 10 2024A 882.8 7.30% 10 2024A 10.4 7.30%
11 2025E 2150.8 74.69% 11 2025E 1837.8 108.17% 11 2025E 21.6 108.17%
12 2026E 2282.0 6.10% 12 2026E 1966.6 7.01% 12 2026E 23.1 7.01%
13 2027E 2413.2 5.75% 13 2027E 2095.5 6.55% 13 2027E 24.7 6.55%
14 2028E 2544.4 5.44% 14 2028E 2224.4 6.15% 14 2028E 26.2 6.15%
15 2029E 2675.6 5.16% 15 2029E 2353.2 5.79% 15 2029E 27.7 5.79%