Any current/future new fundraising through debt or equity?

No explicit mention of any new fundraising through debt or equity in the transcript. The company states it has a strong balance sheet with zero debt equity and positive cash flows. Capex plans include INR 500-600 crores for lead acid business and ongoing investments for lithium-ion, especially Phase 1 expenditure of around INR 4,000 crores. No direct reference to raising funds via new debt or equity issuance was made during the discussion. The company seems to be funding its growth and expansion through internal accruals and planned capex without indicating external fundraising.

Any current/future capex/capital investment/strategic investment?

Lead acid battery business capex for FY '24 is about INR 500 to 600 crores. Lithium-ion business is placing orders for equipment, with capex expected in late FY '24 or FY '25 as part of the total Phase 1 investment of around INR 4,000 crores. Lithium-ion plant is a turnkey project involving initial collaboration with 300-400 experts and aims at becoming competitive globally. The company has invested INR 715 crores so far in the lithium-ion project. Digitalization and Industry 4.0 initiatives are ongoing for cost optimization and margin expansion. No specific future strategic investme

Future growth expectations in sales/revenue/volumes?

Exide Industries expects steady growth in both automotive and industrial verticals, with broad-based double-digit sales growth across most sectors. The company is positive about near-term and medium-term demand drivers, anticipating high demand in automotive vertical due to rising personal mobility and connectivity. Industrial vertical demand remains upbeat, especially in industrial UPS, solar, traction, and telecom segments, with past growth rates of 20-30%. Lithium-ion business is growing, with INR600-700 crore orders for the next 12-15 months and expected sales of INR400-500 crore in FY '24

Future growth expectations in earnings/operating earnings/profits/EPS?

Exide Industries reports broad-based double-digit sales growth across sectors, with FY '23 sales and PBT both growing 18%. Industrial segment growth was strong, with 20%-30% growth driven by industrial UPS, traction, telecom, and solar sectors. Lead-acid business outlook is positive with sustained demand expected due to growing economy and energy needs. Margins currently pressured by material cost volatility but cost optimization and digital initiatives are expected to improve margins gradually. Lithium-ion business is expected to contribute significant turnover (~INR400-500 crore in FY '24) w

Current/ Expected Orderbook/ Pending Orders?

Exide Industries has received orders worth INR 500-600 crores for lithium-ion products, already disclosed in their notes (Page 15). Another mention cites the company having won INR 600-700 crores worth of orders to be executed over 12 to 15 months for lithium-ion business (Page 5 and Page 15). Sales from these orders are expected to contribute around INR 400-500 crores in FY 2024 (Page 8). The orders primarily relate to Nexcharge and lithium-ion cells and modules for various OEMs, though specific customer names are under NDA (Pages 10 & 15). Discussions with OEMs show a high conversion rate fr

Exide Industries LtdQ4 FY23Auto Components

Exide Industries Ltd Q4 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹344.6P/E: 31.2Market Cap: ₹29.3K CrSector: Auto Components

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2

Exide Industries expects steady growth in both automotive and industrial verticals, with broad-based double-digit sales growth across most sectors.
The company is positive about near-term and medium-term demand drivers, anticipating high demand in automotive vertical due to rising personal mobility and connectivity.
Industrial vertical demand remains upbeat, especially in industrial UPS, solar, traction, and telecom segments, with past growth rates of 20-30%.
Lithium-ion business is growing, with INR600-700 crore orders for the next 12-15 months and expected sales of INR400-500 crore in FY '24 from this segment.
The outlook for lead-acid business remains strong despite electrification trends, as multiple energy chemistries coexist due to varied applications.
Market estimates for lithium-ion demand are being revised upwards, with forecasts increasing from 100 GWh to as high as 150-200 GWh by 2030.
Expansion in exports and new geographies like Russia are expected to support growth.

Margin guidance

Category 3

Exide Industries reports broad-based double-digit sales growth across sectors, with FY '23 sales and PBT both growing 18%.
Industrial segment growth was strong, with 20%-30% growth driven by industrial UPS, traction, telecom, and solar sectors.
Lead-acid business outlook is positive with sustained demand expected due to growing economy and energy needs.
Margins currently pressured by material cost volatility but cost optimization and digital initiatives are expected to improve margins gradually.
Lithium-ion business is expected to contribute significant turnover (~INR400-500 crore in FY '24) with EBITDA on par with lead-acid batteries.
Once lithium-ion cell plant reaches optimal utilization (70%-80% in 3 years), ROIC is expected to be around 20%, similar to lead-acid business.
Overall, management anticipates margin expansion and sustained profit growth driven by new products, market expansion, and operational efficiencies.

See what Exide Industries Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

No explicit mention of any new fundraising through debt or equity in the transcript.
The company states it has a strong balance sheet with zero debt equity and positive cash flows.
Capex plans include INR 500-600 crores for lead acid business and ongoing investments for lithium-ion, especially Phase 1 expenditure of around INR 4,000 crores.
No direct reference to raising funds via new debt or equity issuance was made during the discussion.
The company seems to be funding its growth and expansion through internal accruals and planned capex without indicating external fundraising.

Order book

Yes

Exide Industries has received orders worth INR 500-600 crores for lithium-ion products, already disclosed in their notes (Page 15).
Another mention cites the company having won INR 600-700 crores worth of orders to be executed over 12 to 15 months for lithium-ion business (Page 5 and Page 15).
Sales from these orders are expected to contribute around INR 400-500 crores in FY 2024 (Page 8).
The orders primarily relate to Nexcharge and lithium-ion cells and modules for various OEMs, though specific customer names are under NDA (Pages 10 & 15).
Discussions with OEMs show a high conversion rate from conversations to actual orders (Page 15).
The company is confident about reaching optimal capacity utilization for its upcoming lithium-ion cell factory based on these orders (Page 5).

See what Exide Industries Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Lead acid battery business capex for FY '24 is about INR 500 to 600 crores.
Lithium-ion business is placing orders for equipment, with capex expected in late FY '24 or FY '25 as part of the total Phase 1 investment of around INR 4,000 crores.
Lithium-ion plant is a turnkey project involving initial collaboration with 300-400 experts and aims at becoming competitive globally.
The company has invested INR 715 crores so far in the lithium-ion project.
Digitalization and Industry 4.0 initiatives are ongoing for cost optimization and margin expansion.
No specific future strategic investments mentioned beyond ongoing lithium-ion plant expansion and lead acid business improvements.

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