India has stepped into the next stage of the share market. Can you guess it? It is none other than battery stocks that benefit the investors with a good amount of interest rate. These stocks are driving a great transition in the environment towards a greener and more sustainable future.
With the implementation of stricter environmental regulations, the demand for batteries is increasing. Hence, this might be the best investment option for those seeking a way to support the growing clean energy revolution.
Top Battery Stocks in India List 2024
The demand in the future is expecting high as the investment may actively provide exponential returns and interest rates. Let’s delve into the list of top-notch battery stocks in India 2024.
| Battery Stocks India | Market Cap | 1 Year Return |
|---|---|---|
|
Exide industries Ltd |
26,112.00
|
72.73 |
|
HBL Power Systems Ltd |
12,889.56 |
377.41 |
|
Startlit Power Systems Ltd |
4.83 |
-20.00 |
|
Panasonic Energy India Co Lts |
319.43 |
89.12 |
|
Indo National Ltd |
436.58 |
84.85 |
|
Eveready Industries India Ltd |
2,421.21 |
14.59 |
|
Amara Raja Energy & Mobility Ltd |
14,239.37 |
33.75 |
Overview of Best Battery Stocks in India
The best battery stocks companies that you can consider in India when investing:
| Battery Stocks | Market Cap | P/E Ratio (TTM) | P/B Ratio | Industry P/E | Book Value | Face Value | Debt to Equity | ROE | Dividend Yield |
|---|---|---|---|---|---|---|---|---|---|
|
Amara Raja Batteries Ltd |
Rs. 20,615 Cr |
25.37 |
3.64 |
41.96 |
309.32 |
1 |
0.02 |
13.78% |
13.78% |
|
Panasonic Energy India Co. Ltd |
Rs.401 Cr |
84.75 |
4.11 |
44.60 |
130.01 |
10 |
0.01 |
-0.31% |
0.00% |
|
Indo National Ltd |
Rs. 466 Cr |
101.06 |
2.02 |
42.05 |
307.42 |
5 |
0.72 |
0.02% |
0.80% |
|
HBL Power Systems Ltd |
Rs. 14,989 Cr |
63.99 |
14.15 |
41.84 |
38.22 |
1 |
0.10 |
16.89% |
0.08% |
|
Eveready Industries India Ltd |
Rs. 2,499 Cr |
37.41 |
6.46 |
42.05 |
53.21 |
5 |
0.79 |
17.26% |
0.29% |
|
Exide Industries Ltd |
Rs. 39,831 Cr |
45.45
|
3.09 |
41.96 |
151.60 |
1 |
0.09 |
6.80% |
0.43% |
Why Invest In Battery Stocks?
In recent times, we have witnessed the growing demand for energy storage solutions in India. The government and industries prioritize EVs, which is the potential alternative to encourage a greener and pollution-free environment.
If you are confused to choose the right battery stocks, herewith you can clarify your doubts by comparing its net profit rate of last 5 years:
Net Profit Rate (Yearly):
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
|
Amara Raja Batteries
Ltd
|
483.23 |
660.80 |
646.83 |
512.57 |
694.53 |
|
Panasonic Energy India
Co. Ltd
|
4.61 |
3.15 |
10.32 |
9.39 |
-10.64 |
|
Indo National Ltd
|
26.57 |
10.44 |
32.51 |
13.40 |
-7.99 |
|
HBL Power Systems Ltd |
27.73 |
26.22 |
13.73 |
93.71 |
98.45 |
|
Eveready Industries
India Ltd
|
47.83 |
178.29 |
-311.52 |
46.47 |
27.62 |
|
Exide Industries Ltd |
804.02 |
694.10 |
847.35 |
762.48 |
733.43 |
Factors to Consider Before Investing in Battery Stocks in India
Technology Advancements
While seeking the best battery stocks in India, look for companies with next-gen EV technology. With the aim of providing a better driving experience, the company should be involved in developing cutting-edge battery systems, advanced software and efficient powertrains.
Government Policies
Often considering government policies like tax exemptions and subsidies helps in analyzing the market status. These policies are closely related to the industry’s growth so we can expect significant changes in the share market.
Financial Performance
Before investing in battery stocks, you must keep an eye on the financial performance of a company in the competitive market. Evaluating the cash flow, revenue streams and profitability enables you to find the one with long-term success.
Diversified Product Portfolio
You must look for a company with a diversified product portfolio like commercial vehicles, passenger vehicles, three-wheelers, two-wheelers, etc.
Mergers and Acquisitions (M&As)
Once you are determined to invest in battery stocks, reviewing the company’s M&A helps understand the potential benefits and market growth. A successful collaboration with technology advancements demonstrates adaptability and resilience.
What is the Future of Battery Stocks?
Gradually, we are stepping into a sustainable future that results in the adoption of EVs and renewable energy. So, the battery stock companies in India compete with each other for significant growth.
With tremendous advancements in battery technology, the demand for the stocks may grow potentially.
Conclusion
Investing in battery stocks provides new opportunities for investors to earn potential returns and support clean energy. According to the government policies, expect exponential growth in the battery stocks. However, it is important to be aware of market competition, technological challenges, and regulatory changes. With such, you can conduct thorough research and choose the stocks with efficient development in the future.
FAQs
Energy storage solutions are increasing in demand, so battery stocks in India are a great choice for investment with good returns. The government and industries worldwide are working with the intention of popularizing clean energy for greener and sustainable energy.
The battery sector includes a distinctive range of opportunities for earning profit due to the growing demand for clean energy. The branded battery with advanced technology features contains substantial growth potential.
Anyone can invest in battery stocks by considering the various associated factors like investment goals, market analysis and risk tolerance. Investors who wish to earn attractive returns can find a good company and invest in it.
There are various battery stocks available in India to make your investment yet these 3 are prominent to consider:
- Exide Industries Ltd
- Panasonic Carbon India Co. Ltd
- Amara Raja Batteries