Amara Raja Energy & Mobility Ltd.

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amararajabatteries.comBSE: 500008NSE: ARE&M

Market Cap₹ 15,238 Cr.

Current Price

High / Low₹ 1,058 / 670

Stock P/E15.6

Book Value₹ 457

Price to Book1.51

Dividend Yield1.27 %

ROCE16.9 %

ROE12.5 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

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PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.42x)
Company comfortably covers its interest (33.1x coverage)
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Total debt has risen sharply - up 87.8% year on year
Recurring exceptional / one-off items are inflating headline profit
Company has delivered a poor profit growth of 8.5% over past five years
Operating margins have contracted to 11.1% from 14.1%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesBatteries

Part ofNIFTY TOTAL MKT NIFTY SML250 Q50 NIFTY SMLCAP 50 NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	EXIDEIND	410.90	37.49	34926.50	0.49	351.30	27.94	5528.38	17.75	9.04	11.25
2.	HBLENGINE	731.25	25.96	20269.88	0.41	109.14	-23.86	638.03	6.03	58.30	22.72
3.	ARE&M	832.55	16.53	15237.78	1.27	190.94	15.86	4214.54	23.92	15.73	9.63
4.	EVEREADY	349.05	14.23	2537.15	0.72	36.97	22.30	407.71	8.97	23.95	15.01
5.	NIPPOBATRY	324.00	0.00	243.00	1.16	2.01	96.10	116.14	-2.76	35.63	0.11
6.	LAKHNNATNL	265.25	46.21	198.94	0.74	1.66	97.26	63.52	9.49	17.04	4.07

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,771	2,811	2,882	2,797	3,131	3,136	3,164	2,974	3,350	3,388	3,351	3,460	4,041
	2,402	2,401	2,447	2,389	2,701	2,695	2,748	2,632	2,963	2,982	2,976	3,083	3,785
Operating Profit	369	410	435	408	430	441	416	342	387	406	374	377	256
OPM %	13.32%	14.58%	15.09%	14.58%	13.74%	14.05%	13.14%	11.51%	11.54%	11.98%	11.18%	10.90%	6.34%
	22	28	24	28	26	18	140	20	14	146	-17	209	16
Interest	8	8	8	10	9	13	11	9	10	8	9	13	11
Depreciation	117	121	120	121	118	122	123	128	129	138	141	140	140
Profit before Tax	266	309	331	305	329	324	422	224	261	406	207	433	272
Tax %	25.39%	26.67%	23.57%	25.32%	25.59%	25.70%	26.13%	25.65%	25.67%	25.43%	26.89%	25.54%	25.52%
Net Profit	199	226	253	228	245	241	312	167	194	302	152	322	203
	10.86	12.37	13.81	12.46	13.36	13.15	17.04	9.11	10.60	16.52	8.29	17.61	11.08

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,317	6,059	6,793	6,839	7,150	8,696	10,390	11,260	12,405	13,549	14,240
	4,468	5,176	5,842	5,741	6,035	7,675	8,956	9,639	10,776	12,005	12,826
Operating Profit	849	883	951	1,098	1,115	1,021	1,434	1,621	1,629	1,544	1,414
OPM %	15.97%	14.58%	14.00%	16.06%	15.59%	11.74%	13.80%	14.40%	13.13%	11.40%	9.93%
	50	66	48	55	88	80	43	102	204	351	353
Interest	6	5	7	12	11	15	30	33	42	41	41
Depreciation	191	230	261	301	319	396	450	479	492	548	559
Profit before Tax	702	714	730	841	873	690	997	1,211	1,299	1,307	1,318
Tax %	31.86%	34.01%	33.80%	21.39%	25.94%	25.88%	26.71%	25.20%	25.81%	25.75%	25.72%
Net Profit	478	471	483	661	647	511	731	906	964	970	979
EPS	28.01	27.59	28.31	38.69	37.87	29.93	39.92	49.50	52.67	53.03	—
Dividend Payout %	15.17%	15.04%	25.01%	28.43%	29.05%	15.03%	14.26%	20.00%	19.93%	19.99%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 14%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: 7%
5 Years:: 8%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -21%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 14%
3 Years:: 14%
Last Year:: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17	17	17	17	17	17	17	18	18	18
	2,576	2,920	3,318	3,639	4,193	4,534	5,316	6,750	7,360	8,142
	110	105	93	115	121	157	231	158	306	431
Trade Payables	418	592	510	615	746	806	758	840	1,047	1,203
	463	534	557	615	719	861	1,615	1,068	1,262	1,331
Total Liabilities	3,585	4,169	4,496	5,001	5,797	6,376	7,937	8,834	9,993	11,125
	1,492	1,703	1,813	1,829	2,455	2,492	3,688	3,550	3,475	3,929
Capital Work in Progress	240	226	234	733	398	829	233	320	844	542
	147	35	20	156	281	78	486	1,479	1,998	2,585
	817	1,050	1,061	1,143	1,438	1,804	1,733	1,810	2,036	2,283
	0	0	0	0	0	0	0	1,017	1,143	1,167
Cash & Bank	171	111	72	85	176	54	100	104	165	115
	718	1,043	1,296	1,055	1,050	1,119	1,697	554	332	503
Total Assets	3,585	4,169	4,496	5,001	5,797	6,376	7,937	8,834	9,993	11,125

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	755	566	783	1,413	1,002	832	1,213	1,314	1,375	1,340
Cash from Investing	-535	-244	-463	-850	-635	-482	-789	-1,072	-1,154	-1,264
Cash from Financing	-2	-138	-92	-364	-122	-213	-112	-242	-157	-126
	16	-61	-13	-37	46	-62	55	-0	64	-50

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32.86	32.86	32.86	32.86	32.86	32.86	32.86	32.86	32.86
	23.84	22.33	21.82	20.71	19.39	17.97	17.37	17.31	17.34
	14.55	15.36	14.81	14.59	14.00	16.24	17.12	16.95	15.31
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.75	29.44	30.51	31.85	33.75	32.93	32.64	32.88	34.50

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-09 - Amara Raja Energy & Mobility Limited has informed the Exchange about Schedule of meet

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Amara Raja Energy & Mobility Limited has informed the Exchange about Schedule of meet

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Amara Raja Energy & Mobility Limited has informed the Exchange about Schedule of meet

2026-08-24

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-24 - Amara Raja Energy & Mobility Limited has informed the Exchange about Schedule of meet

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Amara Raja Energy & Mobility Limited has informed the Exchange about Transcript

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Amara Raja Energy & Mobility Limited has informed the Exchange about Link of Recording

2026-08-11

Copy of Newspaper Publication

2026-08-11 - Amara Raja Energy & Mobility Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-10

Shareholders meeting

2026-08-10 - Amara Raja Energy & Mobility Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 10, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-10

Shareholders meeting

2026-08-10 - Amara Raja Energy & Mobility Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 10, 2026

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