BY GROUP A-10

Project by:
SUDIP DUTTA

PGPM 2010 - 2012

EXIDE INDUSTRIES LTD. A BRIEF OVERVIEW

The Company was incorporated as Associated Battery Makers
(Eastern) Ltd., on 31st January, 1947 under the Companies Act,
1913.
The name of the Company was changed to Chloride India Ltd. on
2nd August, 1972.
The name of the Company was further changed to Exide
Industries Ltd. on 25th August, 1995.
The Company manufactures the widest range of storage batteries
in the world from 2.5 Ah to 20,400 Ah capacity, covering the
broadest spectrum of applications.
The Company has 6 factories strategically located across the
country 2 in Maharashtra, 1 in West Bengal, 2 in Tamil Nadu and
1 in Haryana.
Constant innovations have helped the Company to produce the
worlds largest range of industrial batteries extending from 2.5
Ah to 20,400 Ah and covering various technology configurations.

EXIDE INDUSTRIES LTD. ACHIEVEMENTS

Exide Industries Limited Awarded the Frost & Sullivan 2010
Market Share Leadership Award in the Industrial Battery
Segment.
Exide Industries was awarded for demonstrating outstanding
achievement in areas such as improving market reach,
technological innovations, customer service, strategic product
development, and building strategies to sustain growth amidst
fierce competition.

EXIDE INDUSTRIES LTD

2010

2009

2008

2007 2006

CURRENT RATIO

1.538

1.524

1.531

1.402

1.564

LIQUID RATIO

0.515

0.745

0.611

0.537

0.882

0.04054

0.25367

0.34083

0.48429

0.52325

0.039

0.202

0.254

0.326

0.344

4.10008

3.32865

8.20859

9.57363

9.73839

4.93

4.407

9.741

11.16

11.51

10.95

14.65

9.407

8.942

10.92

GROSS PROFIT MARGIN (%)

28.67

25.8

26.7

27.65

28.52

NET PROFIT MARGIN (%)

14.36

10.53

12.28

12.97

13.93

PRICE BY BOOK VALUE

4.82

2.72

5.43

5.09

3.91

PRICE EARNING RATIO

19.91

11.98

22.26

21.98

21.5

0.05

0.084

0.045

0.045

0.047

0.242

0.227

0.244

0.231

0.182

NET WORTH

2219.77

1250.35

1026.35

670.46

553.94

ECONOMIC VALUE ADDED

1796.13

751.19

1823.65

1779.37

1418.09

RETURN ON NET WORTH (%)

100.915

80.08

197.68

285.39

276.00

DEBT-EQUITY RATIO
DEBT-ASSET RATIO
INTEREST COVERAGE RATIO

FIXED CHARGE COVERAGE

RATIO
INVENTORY TURNOVER RATIO

YIELD RATIO
RETURN ON EQUITY

AMARA RAJA GROUP

CURRENT RATIO
LIQUID RATIO

2010
1.852

2009

2008

2.59671209

2.7283934

2007

2006

2.41659762 1.75303613

DEBT-EQUITY RATIO

1.21
0.16774

DEBT-ASSET RATIO

0.14364 0.413429555 0.487048786 0.366053542 0.16951704

INTEREST COVERAGE
RATIO

42.76

1.8
1.84
1.78
1.31
0.70482507 0.949474632 0.577420282 0.201400964

11.2949561 12.1964424

26.381877

34.358209

FIXED CHARGE COVERAGE

RATIO

49.1034 13.18969298 14.08739366 31.88349515 45.32835821

INVENTORY TURNOVER
RATIO

10.8056 14.02126631 9.451097927 11.05582356 11.95752876

GROSS PROFIT MARGIN

(%)

19.4581 14.30675236 15.72743301 14.80362538 14.36139392

NET PROFIT MARGIN (%)

11.383 6.077953071 8.710180647 7.970795569 6.68542891

PRICE BY BOOK VALUE

2.8586 3.743103811 2.920512821 0.722731096 0.565738855

PRICE EARNING RATIO

9.54116 19.13455328 10.38601824 3.798820929 4.859086492

YIELD RATIO

0.10481 0.052261476 0.096283289 0.263239573

RETURN ON EQUITY

0.30724 0.198426983 0.283278295 0.194894735 0.12037359

0.2058

NET WORTH

543.64

405.59

333.1

243.67

201.29

ECONOMIC VALUE ADDED

58.302

-0.638

22.74

-1.694

-16.418

RETURN ON NET WORTH

(%)

30.7244

19.842

28.327

19.304

11.843

CURRENT RATIO
3

2.728
2.5

2.597

2.416

1.852

1.753
1.531

1.564

1.5

1.538

1.524

1.402

0.5

0
2010

2009

2008

2007

2006

EXIDE
AMARA_RAJA

DEBT - EQUITY RATIO

1

0.95
0.9
0.8

0.70

0.7

EXIDE
0.6

0.58

0.52

0.5

AMARA_RAJA

0.48

0.4

0.34
0.3
0.2

0.25

0.20

0.17

0.1

0
2005

0.04
2006

2007

2008

2009

2010

2011

PRICE EARNING RATIO

25

22.26
20

19.91

21.98

21.50

19.13

EXIDE

15

AMARA_RAJA

11.97
10

10.38

9.54

4.86
3.79

0
2010

2009

2008

2007

2006

RETURN ON NET WORTH

285.395

300

276.001

250

197.683
200

EXIDE
AMARA_RAJA

150

100.915
100

80.078
30.724

50

28.327

19.842

11.844

19.305

0
2010

2009

2008

2007

2006

NET WORTH
2500

2219.77
2000

1500

EXIDE

1250.35

AMARA_RAJA

1026.35
1000

670.46

543.64

553.94
405.59

500

333.1

243.67

201.29

0
2010

2009

2008

2007

2006

ECONOMIC VALUE ADDED

2000

1823.65

1796.13

1800

1779.37

1600

1418.09
EXIDE

1400

AMARA_RAJA
1200
1000

751.19

800

600
400

58.302

200

27.74

-0.638

1.694

-16.42

0
2010
-200

2009

2008

2007

2006

CONCLUSION
From the previous graphs, and the discussions we had; we
can clearly comment that Exide Industries Limited is in a
better financial position than Amara Raja Group.
Exide Industries Ltd. maximizes its Shareholders Funds
better than Amara Raja Group.
Exide Industries Ltd., having the highest market share is
clearly a better organization than Amara Raja Group.