Amara Raja Energy & Mobility logo

Amara Raja Energy & Mobility

ARE&M NSE

Key Fundamentals

MicrocapAuto ComponentsAutomobiles
Market Cap
₹13,763 Cr
Volatility
Low Risk
P/E Ratio
13.97
EBITDA
₹1,603 Cr
Return on Equity
11.06%
Debt to Equity
0.05
Book Value
₹442.5
EPS
₹53.17
52W High
₹1,023
52W Low
₹670

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.0%

Weaknesses

1
  • Company has a low return on equity of 11.1% over last 3 years.

Growth Rate

Revenue Growth
7.39% lower than 3Y
Net Income Growth
-5.18% higher than 3Y
Cash Flow Change
-17.24% lower than 3Y
ROE
-13.46% lower than 3Y
ROCE
-14.19% higher than 3Y
EBITDA Margin (Avg.)
-13.77% higher than 3Y

AI Analysis — Bull vs Bear

4d ago
AI opinion · based on fundamentals
Risk medium

Amara Raja Energy & Mobility has a market capitalisation of about Rs 14,331 crore and trades at a P/E of 15.7x and a P/B of 1.79x, with a dividend yield of 1.34%. Sales have grown steadily, at 13% TTM and a 14% 5-year CAGR, while profits have not kept up: profit growth is -6% TTM, -6% over 3 years and 0% over 5 years. ROE has fallen from a 10-year average of 14% to 8% in the last year, and the stock has returned -19% over the past year.

Bull Case 7
  • Revenue growth has held up: sales grew 13% TTM, and the 5-year sales CAGR is 14%. This suggests steady demand in the core automotive and industrial battery businesses.
  • The company is almost debt free, which leaves room on the balance sheet to fund capital-intensive new-energy projects, such as its lithium-ion cell and pack plans, without taking on much leverage.
  • At 15.7x, the P/E implies an earnings yield of about 6.4%. That is a modest multiple for a company whose sales are growing at 13% TTM.
  • A P/B of 1.79x is low for a company whose 10-year average ROE is 14%. If returns move back toward that long-term level, the book value would be earning more than the current multiple assumes.
  • The company has kept a dividend payout of about 20%, which supports a 1.34% dividend yield even though profits have fallen.
  • Sales have compounded at 11% a year over 10 years, showing a long record of growth in a sector that swings with economic cycles.
  • The -19% 1-year stock return has pulled valuation down to 15.7x earnings, so part of the profit weakness may already be in the price.
Bear Case 7
  • Profits are shrinking while sales grow: profit growth is -6% TTM and -6% over 3 years, against sales growth of 13% TTM and 9% over 3 years. This points to sustained margin compression.
  • ROE has fallen steadily, from 14% over 10 years to 12% over 5 years, 11% over 3 years and 8% in the last year. The latest figure is likely below the company's cost of equity.
  • Over 5 years, profit growth is 0% while sales CAGR is 14%. The added revenue has not turned into added earnings for shareholders.
  • Long-term shareholder returns are weak: stock CAGR is -2% over 10 years and 1% over 5 years, in line with profit growth of only 3% over the decade.
  • The stock fell 19% over the last year, which reflects weaker sentiment around earnings momentum and the pace of the move from lead-acid to lithium-ion batteries.
  • Heavy capex on new-energy businesses could push ROE, already at 8%, lower for several years before those projects make meaningful profits.
  • The 1.34% dividend yield depends on a payout ratio of only about 20%. With profits declining 6% over 3 years, dividends have limited room to grow.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Neutral 3
  • Analyst meet on October 2 Sep 29

    Amara Raja Energy & Mobility has scheduled an analyst and investor meeting for October 2, starting at 2 pm. It is a platform for direct engagement with the investment community.

  • Sumitomo Mitsui DS meeting Sept 15 Sep 9

    Management will meet Sumitomo Mitsui DS Asset Management on September 15, 2026, at 10 am at the Hyderabad office. No presentation or unpublished price-sensitive information will be shared.

  • Analyst meet on September 11 Sep 8

    Amara Raja announced an analyst and investor meeting for September 11 to engage with management. No agenda or format details were disclosed.

TL;DR: Recent news flow for Amara Raja Energy & Mobility is entirely procedural: three analyst and investor meetings scheduled for September 11, September 15 and October 2. The company is clearly engaging more with institutional investors, including foreign fund house Sumitomo Mitsui DS Asset Management, but none of the disclosures include financial, operational or strategic updates. No new risks or positive catalysts emerge from these articles. Investors should watch for any commentary that comes out of these meetings and for upcoming quarterly results to get clearer signals on demand, margins and the progress of its new energy business.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
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
Expenses
2,402
2,401
2,447
2,389
2,701
2,695
2,748
2,632
2,963
2,982
2,976
3,083
3,634
Operating Profit
369
410
435
408
430
441
416
342
387
406
374
377
407
OPM %
13%
15%
15%
15%
14%
14%
13%
12%
12%
12%
11%
11%
10%
Other Income
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
PBT
266
309
331
305
329
324
422
224
261
406
207
433
272
Tax %
25%
27%
24%
25%
26%
26%
26%
26%
26%
25%
27%
26%
26%
Net Profit
199
226
253
228
245
241
312
167
194
302
152
322
203
EPS in Rs
11.63
13.25
14.8
12.46
13.36
13.15
17.04
9.11
10.6
16.52
8.29
17.61
11.08
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,211
4,618
5,317
6,059
6,793
6,839
7,150
8,696
10,390
11,260
12,405
13,549
14,240
Expenses
3,507
3,793
4,465
5,174
5,838
5,741
6,033
7,666
8,939
9,635
10,771
11,998
12,675
Operating Profit
704
825
853
885
955
1,099
1,117
1,030
1,450
1,625
1,634
1,551
1,565
OPM %
17%
18%
16%
15%
14%
16%
16%
12%
14%
14%
13%
11%
11%
Other Income
41
44
47
65
43
55
86
71
27
98
199
344
353
Interest
0
6
6
5
7
12
11
15
30
33
42
41
41
Depreciation
134
141
191
230
261
301
319
396
450
479
492
548
559
PBT
610
723
702
714
730
841
873
690
997
1,211
1,299
1,307
1,318
Tax %
33%
32%
32%
34%
34%
21%
26%
26%
27%
25%
26%
26%
—
Net Profit
411
492
478
471
483
661
647
511
731
906
964
970
979
EPS in Rs
24.05
28.78
28.01
27.59
28.31
38.69
37.87
29.93
42.78
49.49
52.66
53.02
53.5
Div. Payout %
15%
15%
15%
15%
25%
28%
29%
15%
14%
20%
20%
20%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
17
17
17
17
17
17
17
17
17
18
18
18
Reserves
1,682
2,099
2,576
2,920
3,318
3,639
4,193
4,534
5,989
6,750
7,360
8,142
Borrowings
76
74
72
64
58
84
92
126
201
153
258
373
Other Liabilities
611
761
919
1,168
1,102
1,261
1,494
1,699
1,730
1,913
2,356
2,592
Total Liabilities
2,386
2,951
3,585
4,169
4,496
5,001
5,797
6,376
7,937
8,834
9,993
11,125
Fixed Assets
944
1,352
1,492
1,703
1,813
1,829
2,455
2,492
3,688
3,550
3,475
3,929
CWIP
86
123
240
226
315
827
399
830
234
322
844
588
Investments
16
20
147
35
20
156
281
78
486
1,479
1,998
2,585
Other Assets
1,340
1,456
1,706
2,204
2,348
2,188
2,662
2,976
3,529
3,483
3,676
4,023
Total Assets
2,386
2,951
3,585
4,169
4,496
5,001
5,797
6,376
7,937
8,834
9,993
11,125
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
395
555
553
322
541
1,177
802
633
956
1,314
1,375
1,340
Investing
-294
-387
-529
-236
-448
-831
-616
-482
-789
-1,072
-1,155
-1,265
Financing
-75
-164
-2
-138
-92
-364
-122
-213
-112
-242
-157
-126
Net Cash Flow
26
4
22
-52
1
-18
64
-62
55
0
64
-51
Free Cash Flow
-11
64
122
-64
13
477
306
-127
492
874
631
588
CFO/OP
83
94
89
64
82
129
90
81
84
101
104
106
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
48
47
39
47
41
34
40
33
27
33
34
31
Inventory Days
55
75
85
93
83
94
111
108
87
88
88
89
Days Payable
34
44
44
53
40
50
57
48
39
41
45
47
Cash Conversion Cycle
69
78
81
88
85
77
93
93
76
80
77
74
Working Capital Days
45
49
48
62
66
48
53
51
60
49
34
34
ROCE %
38%
36%
29%
25%
23%
23%
22%
16%
20%
19%
17%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Promot.32.86%Public28.96%Others5.54%DIIs15.30%FIIs17.34%As ofJun 2026

Documents

Frequently Asked Questions about Amara Raja Energy & Mobility

What does Amara Raja Energy & Mobility Ltd do?
Amara Raja Batteries Limited [1] (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. ARBL has prestigious OEMs as its c...
Where is Amara Raja Energy & Mobility Ltd (ARE&M) listed?
Amara Raja Energy & Mobility Ltd trades as ARE&M on the NSE and under code 500008 on the BSE.
Which sector does Amara Raja Energy & Mobility Ltd belong to?
Amara Raja Energy & Mobility Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of Amara Raja Energy & Mobility Ltd?
Amara Raja Energy & Mobility Ltd has a market capitalisation of ₹13,763 Cr, which places it in the Mid Cap band.
What is the PE ratio of Amara Raja Energy & Mobility Ltd?
Amara Raja Energy & Mobility Ltd trades at a PE ratio of 13.97, on earnings per share of ₹53.17, against a book value of ₹442.5 per share.
What is the 52-week high and low of Amara Raja Energy & Mobility Ltd?
Over the last 52 weeks Amara Raja Energy & Mobility Ltd has traded between ₹670 and ₹1,023.
Does Amara Raja Energy & Mobility Ltd pay dividends?
Amara Raja Energy & Mobility Ltd has a dividend yield of 1.40%.
What is the Return on Equity (ROE) of Amara Raja Energy & Mobility Ltd?
Amara Raja Energy & Mobility Ltd reported a return on equity of 11.06%. Its debt-to-equity ratio is 0.05.

Company Information

Amara Raja Batteries Limited [1] (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. ARBL has prestigious OEMs as its clients. The Company's Industrial and Automotive batteries are exported to over 50 countries across the globe. In India, Amara Raja is the preferred supplier to major telecom service providers, Telecom equipment manufacturers, UPS sector (OEM & Replacement), Indian Railways and to Power, Oil & Gas among other industry segments. Termination of Shareholders Agreement (tie up) with Johnson Control [2]

Website amararajabatteries.com
CEO Mr. Jayadev Galla
Employees 10,196
Listed 2003-09-05
Face Value ₹ 1
Issued Size 18,30,25,364

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