Amara Raja Batteries Share Price target 2023,2028,2030,2040,2050.

Last updated on Nov 01, 2022 in Stock Market

Detail about Amara Raja Batteries 

 

 Amara Raja Batteries( ARBL), the flagship company of the Amara Raja Group, is a leading manufacturer of automotive batteries under the brands- Amaron and PowerZone, which are distributed through a large pan-India deals & service retail network. The company'' s Industrial and Automotive batteries are exported to several countries across the globe. It's the first company to manufacture Valve Regulated Lead-Acid ( VRLA) batteries in India. They're finagled to give the performance trustability and thickness over the life of the product and they offer a long battery life with minimum conservation. In India, the company is the favored supplier to major telecom service providers, Telecom outfit manufacturers, UPS sector( OEM & relief), Indian Railroads, and Power, Oil & Gas among other assiduity parts. 

 

 The company’s manufacturing installations are equipped with state-of-the-art machines and technology. Each factory is designed to ameliorate the shop bottom edge by espousing encyclopedically honored generalities similar to spare Six Sigma, 5S, and Quality Circle systems. The manufacturing installations have imbibed low-cost robotization to reduce driver fatigue which helps in perfecting product quality and personal productivity. Its World- Class integrated manufacturing installations are constantly evolving and are ever ready to borrow the rearmost technological advancements. Its in-house R & D center, which is honored by the Government of India, ensures constant invention and stylish in-class products. 

 

 The business area of the company 

 

 The company is the technology leader and is one of the largest manufacturers of lead-acid batteries for both artificial and automotive operations in the Indian storehouse battery assiduity. Amara Raja Automotive Batteries offers a wide range of battery results in Passenger Vehicles, Three Wheelers, Two Wheelers, Commercial Vehicles, Farm Vehicles, and Home UPS/ Inverters. either, Amara Raja Industrial Batteries offers a broad range of battery results in parts like UPS, Telecom, Railroads, Defence, and Motive. 


 

Brands

These are the brands of Amara Raja Batteries.


 

AMARON

AMARON QUANTA

POWER ZONE

GENPRO

AMARON VOLT

AMARON BRUTE

AMARON SLEEK

POWER STACK

AMARON Solar

 



 

 Products 

 

  • PowerStack 
  • Amaron Sleek 
  • Amaron Volt 
  • Genpro 
  • Amaron Quanta 
  • Amaron Quanta- HWS 
  • Amaron Quanta- HUPS 
  • Amaron Brute 
  • Amaron Solar 
  • Amaron Quanta S- XEL 


 

Awards and Accolades 

 

  • 2013 entered the Gold Award for support in the SME order in the event organized by Indus Towers. 
  • 2014 Presented with the tableware Award for support in the order'' Infra- Equipment ’ in an event organized by Indus Towers. 
  • 2016 Bagged recognition for being'' Telecom Infra Leader'' in the Power results Category for the time 2016 at the 24th Annual CyberMedia ICT Awards. 
  • 2016 entered the Gold Award for support in the order'' Infra- Equipment'' in an event organized by Indus Towers. 
  • 2017 entered an award from Tata Motors and this award is in recognition of its excellence in the field of QCDM parameters( Excellence in Quality, Delivery, and Relationship Building). 
  • 2017 Bagged'' India'' s Most Promising Company of The Year 2016- 2017'' award during the 12th CNBC TV18 India Business Leader Awards that was held in Delhi. 
  • 2017 entered awards for'' harmonious High- Quality Performance'' and'' Design & Development'' from Maruti Suzuki India. 
  • 2017 entered Overall Performance Award – Bosch. 
  • 2017 Amara Raja Group Small Battery Division has won the First Runner Award in Eleventh CII Six Sigma National Conference and Competition under the'' Manufacturing Industry( Discrete and Assembly Line)'' order. 
  • 2018 entered first prize in AP herbage awards 2017 under diligence( Private) order fromA.P. Greening and Beautification Corporation, Government of Andhra Pradesh. 
  • 2018 Presented with Gold Award for support in the order'' Infra Equipment- Supply in the event organized by Indus Towers. 
  • 2018 entered an award for'' High-Quality Performance'' from Bajaj Auto. 
  • 2018 entered an award for'' Stylish seller Standing and System inspection'' from Maruti Suzuki India. 
  • 2018 Secured alternate place in'' Construction Safety'' in a competition held during the daily award function in Maharashtra Circle. 

 

Peers


 

S.NO.

COMPANY

MCAP Cr.

P/B

P/E

EPSRs.

ROE%

EV/EBITDA

1

Exide Inds

14,229

1.31

2.97

56.29

11.5

8.73

2

Amara Raja Batteries

8,709.73

1.86

16.79

30.37

16.45

7.91

3

HBL Power Sys

2,727.60

3.36

29.83

3.3

1.85

15.83

4

Eveready Inds. India

2,460.10

7.76

64.5

5.25

-76.69

25.78

5

High Energy Batterie

297.69

5.12

15.47

21.47

55.8

10.27

6

Indo-National

256.2

1.12

63.31

5.4

15.36

18.68

7

Panasonic Energy Ind

203.63

1.84

24.25

11.19

10.06

11.12

8

Goldstar Power

32.9

1.61

46.6

0.66

0.4

11.39


 

Strengths

  • The company has been maintaining a healthy ROCE of 20.76% over the past 3 years.
  • The company is virtually debt free. 
  • The company has a healthy Interest coverage ratio of 83.94.
  • The company has an efficient Cash Conversion Cycle of 49.86 days.
  • The company has a healthy liquidity position with a current ratio of 2.12.
  • The company has good cash flow management; CFO/PAT stands at 1.24.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 7.99.

 Limitations

  • The company has shown poor revenue growth of 5.67% over the past 3 years.

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