---
title: "Exedy India Ltd (505923) — Share Price, Financials & Analysis"
symbol: "505923"
company: "Exedy India Ltd"
canonical: "https://tapetide.com/stocks/505923"
isin: "INE773A01014"
bse_code: "505923"
generated_at: "2026-10-13T11:01:46.990Z"
---

# Exedy India Ltd (505923)

Canonical page: https://tapetide.com/stocks/505923

## Company

- **BSE Code:** 505923
- **ISIN:** INE773A01014
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** exedyindia.in

## About

Exedy India is a leader in the field of automotive clutches.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.64% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 84% | 23% | 14% |
| revenue growth | 5% | 4% | 4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4.67 | 3.91 | 4.01 | 3.84 | 5.17 | 4.69 | 3.62 | 3.36 | 4.01 | 3.51 | 3.56 | 4.07 |
| Expenses | 4.51 | 3.73 | 3.79 | 3.69 | 4.63 | 4.38 | 3.62 | 3.43 | 3.76 | 3.29 | 3.37 | 3.65 |
| Operating Profit | 0.16 | 0.18 | 0.22 | 0.15 | 0.54 | 0.31 | 0 | -0.07 | 0.25 | 0.22 | 0.19 | 0.42 |
| OPM % | 3.43 | 4.6 | 5.49 | 3.91 | 10.44 | 6.61 | 0 | -2.08 | 6.23 | 6.27 | 5.34 | 10.32 |
| Other Income | 0.13 | 0.05 | 0.05 | 0.06 | 0.22 | 0.05 | 0.21 | 0.04 | 0.09 | 0.04 | 0.08 | 0.04 |
| Interest | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.07 | 0.05 | 0.07 | 0.08 | 0.04 | 0.04 | 0.04 |
| Depreciation | 0 | 0.11 | 0.11 | 0.11 | 0.17 | 0.13 | 0.13 | 0.13 | 0.05 | 0.11 | 0.11 | 0.09 |
| Profit before tax | 0.24 | 0.07 | 0.12 | 0.05 | 0.54 | 0.16 | 0.03 | -0.23 | 0.21 | 0.11 | 0.12 | 0.33 |
| Tax % | 12.5 | 28.57 | 25 | 40 | 22.22 | 18.75 | 66.67 | -65.22 | 66.67 | 0 | 91.67 | 12.12 |
| Net Profit | 0.21 | 0.05 | 0.09 | 0.03 | 0.42 | 0.14 | 0.02 | -0.08 | 0.08 | 0.11 | 0.02 | 0.29 |
| EPS in Rs | 2.83 | 0.67 | 1.21 | 0.4 | 5.67 | 1.89 | 0.27 | -1.08 | 1.08 | 1.48 | 0.27 | 3.91 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 148 | 196 | 210 | 251 | 305 | 301 | 321 | 303 | 347 | 365 |
| Expenses | 144 | 189 | 226 | 245 | 304 | 297 | 315 | 286 | 340 | 351 |
| Operating Profit | 5 | 7 | -16 | 6 | 1 | 4 | 6 | 17 | 7 | 14 |
| OPM % | 3.2 | 3.4 | -8 | 2.4 | 0.3 | 1.4 | 1.9 | 6 | 2.1 | 3.7 |
| Other Income | 8 | 0 | 0 | 6 | 0 | 10 | 3 | 4 | 2 | 3 |
| Interest | 6 | 6 | 6 | 7 | 7 | 8 | 6 | 6 | 5 | 6 |
| Depreciation | 7 | 8 | 9 | 8 | 9 | 10 | 10 | 10 | 9 | 11 |
| Profit before tax | -1 | -6 | -31 | -3 | -15 | -4 | -7 | 5 | -5 | 0 |
| Tax % | 0 | 0 | 0 | -5 | 0 | 0 | 0 | 39 | 0 | 0 |
| Net Profit | -1 | -6 | -31 | -3 | -15 | -4 | -7 | 3 | -5 | 0 |
| EPS in Rs | -1.76 | -10.79 | -52.09 | -4.36 | -24.36 | -6.88 | -10.92 | 5.49 | -8.59 | -0.43 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 17 | 10 | -21 | -24 | -38 | -43 | -49 | -46 | -51 | -51 |
| Borrowings | 62 | 76 | 69 | 72 | 74 | 73 | 66 | 64 | 62 | 61 |
| Other Liabilities | 51 | 73 | 98 | 116 | 140 | 134 | 150 | 141 | 141 | 143 |
| Total Liabilities | 136 | 165 | 152 | 170 | 182 | 170 | 173 | 165 | 158 | 158 |
| Fixed Assets | 52 | 54 | 60 | 74 | 77 | 74 | 72 | 64 | 58 | 55 |
| CWIP | 5 | 6 | 7 | 1 | 0 | 0 | 1 | 1 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 78 | 106 | 85 | 95 | 105 | 97 | 99 | 100 | 98 | 103 |
| Total Assets | 136 | 165 | 152 | 170 | 182 | 170 | 173 | 165 | 158 | 158 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 6 | 8 | 16 | 22 | 26 | 11 | 21 | 13 | 6 | 6 |
| Cash from Investing Activity | -5 | -10 | -15 | -11 | -13 | -5 | -8 | -1 | -4 | -5 |
| Cash from Financing Activity | 8 | 9 | -12 | -7 | -7 | -8 | -14 | -7 | -8 | -6 |
| Net Cash Flow | 8 | 7 | -11 | 4 | 7 | -2 | -1 | 4 | -5 | -6 |
| Free Cash Flow | 1 | -2 | 1 | 11 | 14 | 6 | 13 | 11 | 4 | 1 |
| CFO/OP | 123 | 119 | -99 | 367 | 3269 | 274 | 338 | 74 | 90 | 45 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 62 | 66 | 51 | 53 | 44 | 46 | 49 | 48 | 46 | 47 |
| Inventory Days | 104 | 103 | 95 | 82 | 68 | 56 | 51 | 61 | 52 | 59 |
| Days Payable | 182 | 157 | 204 | 212 | 194 | 196 | 227 | 228 | 190 | 167 |
| Cash Conversion Cycle | -16 | 13 | -57 | -78 | -83 | -94 | -127 | -119 | -92 | -61 |
| Working Capital Days | 45 | 17 | -41 | -47 | -62 | -65 | -74 | -72 | -60 | -47 |
| ROCE % | 7 | -1 | -35 | 8 | -16 | 9 | 0 | 46 | 1 | 32 |

## Shareholding Pattern

### annual

| Category | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- |
| Promoters | 50.52% | 50.52% | 50.52% |
| DIIs | 5.31% | 5.31% | 5.31% |
| Public | 44.16% | 44.16% | 44.17% |
| No. of Shareholders | 10279 | 10401 | 10362 |

### Quarterly

| Category | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.53% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% | 50.52% |
| DIIs | 5.31% | 0.47% | 0.47% | 5.31% | 0.47% | 0.47% | 0.47% | 5.31% | 5.31% | 5.31% | 5.31% |
| Public | 44.16% | 49% | 49% | 44.16% | 49% | 49% | 49.01% | 44.16% | 44.17% | 44.16% | 44.17% |
| No. of Shareholders | 10280 | 10265 | 10260 | 10279 | 10330 | 10416 | 10401 | 10401 | 10393 | 10383 | 10362 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 5 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 460.67 | Buy |
| EMA (10) | 458.9 | Buy |
| SMA (20) | 480.22 | Buy |
| EMA (20) | 477.39 | Buy |
| SMA (50) | 537.46 | Sell |
| EMA (50) | 513.51 | Sell |
| SMA (100) | 550.9 | Sell |
| EMA (100) | 534.81 | Sell |
| SMA (200) | 557.54 | Sell |
| EMA (200) | 522.06 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.51 | Neutral |
| MACD (12,26,9) | -24.15 | Sell |
| Stochastic (14,3,3) | 29.08 | Neutral |
| ADX (14) | 37.69 | Buy |
| Williams %R (14) | -24.39 | Neutral |
| ATR (14) | 24.94 | High Volatility |
| ROC (12) | -4.21 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 48.43 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-01-22 | [Board Meeting Outcome for OUTCOME OF Board MEETING HELD ON 20TH JANUARY, 2026 ADJOURNED AND CONCLUDED ON 22ND JANUARY, 2026 - MACHHAR INDUSTRIES LIMITED.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9a569018-aaa4-4c86-9dc3-b77d4fecf742.pdf) |
| 2026-01-22 | [QUARTERLY FINANCIAL RESULTS- OUTCOME OF Board MEETING HELD ON 20TH JANUARY, 2026 ADJOURNED AND CONCLUDED ON 22ND JANUARY, 2026 - MACHHAR INDUSTRIES LIMITED.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/357394b4-c85e-4c32-89e3-e94c818d711e.pdf) |
| 2026-01-22 | [OUTCOME OF Board MEETING HELD ON 20TH JANUARY, 2026 ADJOURNED AND CONCLUDED ON 22ND JANUARY, 2026 - MACHHAR INDUSTRIES LIMITED.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fe31bc6d-4ee7-4c1d-a13a-92069c11be60.pdf) |
| 2026-01-20 | [Board Meeting Intimation For Intimation About Adjournment Of Board Meeting Of The Company.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fb85130-adf1-4f91-9512-2b66b68aa8fc.pdf) |
| 2026-01-20 | [Intimation Regarding Adjournment Of Board Meeting Of Machhar Industries Limited](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d11e6b3e-3502-4461-ad16-bd79375a1d09.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0036061e-f2a9-4e3f-b75e-2e9c3dce03cd.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be35f146-d940-4636-a9fe-ab41966845f7.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b4db4f4b-a0d0-48ad-990f-fe7fae673b41.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2020-03-24 | Credit rating update — CARE Ratings |
| 2019-01-29 | Credit rating update — CARE Ratings |
| 2018-04-06 | Credit rating update — CARE Ratings |
| 2017-03-09 | Credit rating update — CARE Ratings |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:01:46.990Z.