Amara Raja Energy & Mobility Limited share price
NSE: ARE&M · ISIN INE885A01032
Key numbers
- Market cap
- ₹ 14,495 Cr
- Current price
- ₹ 791.95
- 52-week high / low
- ₹ 1,023 / 670
- Stock P/E
- 15.7
- Book value
- ₹ 442.5
- Dividend yield
- 1.34%
- ROCE
- 15.3%
- ROE
- 11.6%
- Debt to equity
- 0.05
- Sales growth (3 yrs)
- 10.0%
- Profit growth (3 yrs)
- 7.0%
- 1-year return
- -21.0%
About Amara Raja Energy & Mobility Limited
Amara Raja Energy & Mobility Limited, together with its subsidiaries, manufactures and sells lead-acid storage batteries for industrial and automotive applications in India and internationally. It operates in two segments, Lead Acid Batteries and Allied Products; and New Energy Business. The company provides new energy business related products; installation, commissioning, and maintenance services; and industrial chargers, integrated power systems, electric charging solutions, and battery energy storage systems, as well as lithium-based home UPS systems and hybrid inverter platforms for residential and small commercial applications. It also develops, manufactures, and sells energy storage and management products, solutions, and technologies related to lithium cells, advanced cell chemistries, battery packs, and components. The company sells its batteries under the Amaron, PowerZone, Power Stack, AmaronVolt, Amaron Brute, Amaron Sleek, ELITO, and Quanta brands. The company supplies its batteries to various customer groups, such as telecom, railways, solar, motive, power control, international operations, defence, and UPS; and automobile original equipment manufacturers,…
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 3,060 | 3,401 | 3,410 | 3,536 | 4,215 |
| Operating profit | 341 | 364 | 374 | 386 | 406 |
| Net profit | 162 | 165 | 140 | 314 | 191 |
| EPS (₹) | 8.83 | 9.00 | 7.66 | 17.17 | 10.43 |
Concall summary (2026-08-14)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- And during FY27, we estimate to spend around INR1,700 crores towards our capex project with major outlay towards the new energy business of around INR1,300 crores and rest of it towards Amara Raja Energy and Mobility Limited August 11, 2026 the lead acid business including recycling capex.
- This capex outlay is majorly towards our upcoming Giga 1 plant which is expected to commercialize during H1 FY28, and towards other projects including the 10-gigawatt hour and E Positive plant.
Growth & demand
- For the quarter ended June 30th, 2026, we have achieved a robust growth of around 24% on consolidated basis with revenue of around INR4,215 crores, with about 95% of the revenue coming from lead acid business, which grew by around 22%.
- Four-wheeler and two-wheeler aftermarket volumes have grown by around 15%, and OEM segments continue to retain the volume growth momentum of around 24% in 4 -wheelers and more than 35% in 2 -wheelers on Y -o-Y basis.
Margins & costs
- During Q1, the standalone EBITDA margin is around 10.1% and consolidated margin stood at 9.6%.
- To absorb these costs, we took further price increase of around 3% in June, which helped offset a portion of these cost pressures, although not entirely.
Capex & expansion
- During the current quarter, our tubular manufacturing plant operated at 100% capac ity However, we continue to supply traded batteries also for meeting the excess demand.
- The other reason that contributed to margin dilution is on account of expenses incurred for improving our manufacturing excellence b y way of capacity enhancement in our existing automotive plants.
Balance sheet & cash
- When we -- when we talked about INR200 crores, INR300 crores of capex, also there will be a working capital requirement, right, for this business pertaining to sales.
- Obviously, there is a limitation on the debt -to-equity number, but I wouldn't want to put a number at this point of time because I need to see each of these business cases and accordingly decide whether a leverage is good or should I look at some other options for funding this kind of expansion.
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