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Amara Raja Energy & Mobility Q1 FY27 Share Price & Earnings Call Analysis

₹704.10-0.68% today
Market cap
₹12,887 Cr
P/E
16.41
ROE
8.26%
PEG
-2.84
Price to sales
0.89
Debt to equity
0.05
52W high / low
₹1,016 / ₹672
Sales growth (5Y)
13.64%
EBITDA margin
10.99%
Net profit margin
4.74%
Promoter holding
32.86%
Sales (last year)
₹14,240 Cr

Amara Raja Batteries Limited [1] (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.

Guidance scorecard · Q1 FY27 call

What Amara Raja Energy & Mobility Ltd's management guided
and where it ranks in Auto Components

#21of 66 in
Auto Components
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • Lead acid business volume growth expected at lower double-digit levels for two-wheelers and around 7%-8% for four-wheelers.
  • Overall lead acid battery business, including industrial, mobility, and exports, could achieve revenue growth rates of 9%-10% in the medium term.
  • Growth estimates primarily volume-driven; price pass-through to customers varies between B2B and B2C segments.
  • Lithium-ion (new energy) segment growing rapidly, with telecom and EV packs showing volume growth over 50% year-on-year.
  • New energy business expected to require INR1,700 crores capex in FY27, primarily towards gigafactory and BESS plants.
  • BESS segment capacity planned at 10 GWh with expected ramp-up leading to utilization around 5 GWh within 6 months post-completion.

2 more points from Amara Raja Energy & Mobility Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Amara Raja Energy & Mobility Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Current capex includes INR1,700 crores planned outlay, with around INR450 crores spent in Q1 FY27, majorly towards new energy business and lead acid recycling capex.
  • Upcoming Giga 1 plant to commercialize during H1 FY28.
  • 10-gigawatt hour capacity and E Positive plant also part of capex plans.
  • Future capex options include continued funding by the holding company, within debt-to-equity limits, or exploring other funding options based on business case specifics.
  • Considering a 16-gigawatt lithium-ion capacity target by FY30, though timings and capacity may adjust based on demand and product mix.

2 more points from Amara Raja Energy & Mobility Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

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Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • For the BESS (Battery Energy Storage System) business, there is reasonable visibility with major EPC players installing projects for various power generating stations in India.
  • There is a reasonable order book in India for BESS, with potential export opportunities as the market develops.
  • The company expects to ramp up to about 5 gigawatt-hour utilization within 6 months post commissioning of the BESS plant.
  • For lithium-ion cells, customer qualification plants and sample supplies are starting, indicating pending customer approvals especially for telecom stationary applications.

2 more points from Amara Raja Energy & Mobility Ltd's call on the order book

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Full Q1 FY27 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Amara Raja Energy & Mobility Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
620–40%Up 0–2%₹23,344 Cr37.6

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Pro shows every company guiding 40%+ revenue growth →Full Auto Components ranking

Financials of Amara Raja Energy & Mobility Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Amara Raja Energy & Mobility Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,4332,7712,8112,8822,7973,1313,1363,1642,9743,3503,3883,3513,460
Expenses +2,0802,4022,4012,4472,3892,7012,6952,7482,6322,9632,9822,9763,083
Operating Profit353369410435408430441416342387406374377
OPM %15%13%15%15%15%14%14%13%12%12%12%11%11%
Other Income +-252228242826181402014146-17209
Interest888810913119108913
Depreciation124117121120121118122123128129138141140
Profit before tax196266309331305329324422224261406207433
Tax %28%25%27%24%25%26%26%26%26%26%25%27%26%
Net Profit +141199226253228245241312167194302152322
EPS in Rs8.2511.6313.2514.8012.4613.3613.1517.049.1110.6016.528.2917.61

Financials of Amara Raja Energy & Mobility Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4,2114,6185,3176,0596,7936,8397,1508,69610,39011,26012,40513,549
Expenses +3,5073,7934,4655,1745,8385,7416,0337,6668,9399,63510,77112,005
Operating Profit7048258538859551,0991,1171,0301,4501,6251,6341,544
OPM %17%18%16%15%14%16%16%12%14%14%13%11%
Other Income +41444765435586712798199351
Interest0665712111530334241
Depreciation134141191230261301319396450479492548
Profit before tax6107237027147308418736909971,2111,2991,307
Tax %33%32%32%34%34%21%26%26%27%25%26%26%
Net Profit +411492478471483661647511731906964970
EPS in Rs24.0528.7828.0127.5928.3138.6937.8729.9342.7849.4952.6653.02
Dividend Payout %15%15%15%15%25%28%29%15%14%20%20%20%

Financials of Amara Raja Energy & Mobility Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital171717171717171717181818
Reserves1,6822,0992,5762,9203,3183,6394,1934,5345,9896,7507,3608,142
Borrowings +76747264588492126201153258373
Other Liabilities +6117619191,1681,1021,2611,4941,6991,7301,9132,3562,592
Total Liabilities2,3862,9513,5854,1694,4965,0015,7976,3767,9378,8349,99311,125
Fixed Assets +9441,3521,4921,7031,8131,8292,4552,4923,6883,5503,4753,975
CWIP86123240226315827399830234322844542
Investments16201473520156281784861,4791,9982,585
Other Assets +1,3401,4561,7062,2042,3482,1882,6622,9763,5293,4833,6764,023
Total Assets2,3862,9513,5854,1694,4965,0015,7976,3767,9378,8349,99311,125

Financials of Amara Raja Energy & Mobility Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3955555533225411,1778026339561,3141,3751,340
Cash from Investing Activity +-294-387-529-236-448-831-616-482-789-1,072-1,155-1,264
Cash from Financing Activity +-75-164-2-138-92-364-122-213-112-242-157-126
Net Cash Flow26422-521-1864-6255-064-50
Free Cash Flow-1164122-6413477306-127492874631588
CFO/OP83%94%89%64%82%129%90%81%84%101%104%106%

Financials of Amara Raja Energy & Mobility Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days484739474134403327333431
Inventory Days55758593839411110887888889
Days Payable344444534050574839414547
Cash Conversion Cycle697881888577939376807774
Working Capital Days454948626648535160493434
ROCE %38%36%29%25%23%23%22%16%20%19%17%13%

Guidance history

How Amara Raja Energy & Mobility Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlannedPlanned—
Q4 FY26 call →10–20%FlatPlannedPlanned—
Q3 FY26 call →0–10%Up 0–2%PlannedPlanned—
Q2 FY26 call →10–20%Up 0–2%Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

9out of 100

Momentum score · price trend

9 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−30.5%22%
Last 6 months−19.5%19%
Last 3 months−22.4%11%

The price is 58.4% below its all-time high of ₹1,693.8 (5 Jul 2024). Stocks more than 20% below their peak have their score halved, so 19 became 9.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Amara Raja Energy & Mobility Ltd: 0.4 × 22 + 0.4 × 19 + 0.2 × 11 = 19, halved to 9 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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