Ardee Industries Share Price Target 2026, 2027, 2030
Ardee Industries was established in 1993 in Chennai, Tamil Nadu. The company recycles used lead-acid batteries and lead scrap to make high-quality refined lead and lead alloys. These products are mainly used in batteries, automobiles, power storage systems, and other industries. Ardee Industries operates its manufacturing plant in Naidupet, Andhra Pradesh, and has its registered office in New Delhi. The company focuses on safe and eco-friendly recycling to support a cleaner environment.
What is Ardee Industries Ltd ?
Ardee Industries is an Indian company that recycles old batteries and metal waste to produce high-quality lead products. The company’s main factory is located in Andhra Pradesh, and it supplies its products to customers in India and other countries. Its products are mainly used in batteries, automobiles, energy storage systems, and other industries. It uses an environment-friendly process to recover and reuse lead from waste materials. The company makes pure refined lead and different types of lead alloys that are used for industrial purposes.
The company mainly recycles used lead-acid batteries and other non-ferrous metal scrap to recover valuable lead. This recycled lead is then used to make useful industrial products. It supports industries such as battery manufacturing, automobiles, telecom, power backup, energy storage, and manufacturing. As the demand for batteries and energy storage keeps growing, the company’s recycling business has become more important. In 2026, its share price target would be ₹120, as per stock market analysts.
According to stock market analysts, its share price would be between ₹40 to ₹120 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 40 | 120 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | — | — |
| February | — | — |
| March | — | — |
| April | — | — |
| May | — | — |
| June | — | — |
| July | — | — |
| August | ||
| September | 48 | 80 |
| October | 40 | 97 |
| November | 51 | 109 |
| December | 58 | 120 |
It uses modern technology to separate, clean, and refine the lead before making finished products. This process helps recover more lead from waste and reduces pollution. Lead is one of the few metals that can be recycled many times without losing its quality. The company supplies high-quality recycled lead for making new batteries and other industrial products by recycling lead efficiently. In 2027, its share price target would be ₹190, as per stock market analysts.
According to stock market analysts, its share price would be between ₹80 to ₹190 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 80 | 190 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 80 | 141 |
| February | 84 | 155 |
| March | 88 | 168 |
| April | 93 | 172 |
| May | 97 | 177 |
| June | 100 | 185 |
| July | 107 | 192 |
| August | 112 | 200 |
| September | 117 | 211 |
| October | 120 | 218 |
| November | 125 | 225 |
| December | 132 | 232 |
It also manufactures different types of lead alloys based on customer needs. These alloys help improve battery performance and increase battery life. The company’s products are used in industries such as automobiles, telecom, e-mobility, cable manufacturing, and chemicals. It has become a trusted supplier in both Indian and international markets. In 2028, its share price target would be ₹250, as per stock market analysts.
According to stock market analysts, its share price would be between ₹151 to ₹250 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 151 | 250 |
The company’s main manufacturing plant is located in Andhra Pradesh. Here, it recycles used lead-acid batteries and produces refined lead and lead alloys. It uses modern machines and advanced processes to improve efficiency and recover more valuable materials. Since the company manages the entire process from collecting waste batteries to producing finished lead products, it can maintain consistent product quality and meet the needs of different industries. In 2029, its share price target would be ₹300, as per stock market analysts.
According to stock market analysts, its share price would be between ₹200 to ₹300 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 200 | 300 |
It follows strict quality checks during production. It uses advanced refining and testing methods to ensure its products meet industry standards. Its refined lead is produced with high purity, making it suitable for industries where quality and reliability are important. The company’s lead ingots have also been approved by the London Metal Exchange, showing that they meet international quality standards. In 2030, its share price target would be ₹435, as per stock market analysts.
According to stock market analysts, its share price would be between ₹287 to ₹435 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 287 | 435 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 287 | 322 |
| February | 290 | 332 |
| March | 298 | 338 |
| April | 305 | 342 |
| May | 311 | 348 |
| June | 315 | 355 |
| July | 320 | 363 |
| August | 327 | 369 |
| September | 335 | 378 |
| October | 341 | 390 |
| November | 355 | 400 |
| December | 374 | 435 |
The company mainly supplies the energy storage industry, where lead is widely used to make batteries. It also serves the automobile industry because most vehicles use lead-acid batteries. It provides lead products for telecom equipment, power backup systems, e-mobility, cable manufacturing, chemical industries, and many other industrial applications. Since it serves different industries, the company is not dependent on a single market, which supports stable business growth. In 2040, its share price target would be ₹1022, as per stock market analysts.
According to stock market analysts, its share price would be between ₹880 to ₹1022 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 880 | 1022 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 880 | 945 |
| February | 892 | 955 |
| March | 897 | 968 |
| April | 908 | 974 |
| May | 914 | 987 |
| June | 920 | 1000 |
| July | 935 | 1014 |
| August | 942 | 1027 |
| September | 947 | 1036 |
| October | 958 | 1044 |
| November | 969 | 1065 |
| December | 977 | 1072 |
The growing demand for batteries and energy storage systems has increased the need for recycled lead. Lead-acid batteries are still widely used in vehicles, backup power systems, renewable energy storage, and many industrial applications. Its recycling-based business model also supports environmental sustainability by reducing waste and saving natural resources. With its experience, modern facilities, and focus on quality and recycling, the company is well placed for future growth. In 2050, its share price target would be ₹2190, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1900 to ₹2190 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 1900 | 2190 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1900 | 2022 |
| February | 1917 | 2041 |
| March | 1932 | 2052 |
| April | 1940 | 2074 |
| May | 1954 | 2080 |
| June | 1962 | 2098 |
| July | 1970 | 2114 |
| August | 1978 | 2128 |
| September | 1988 | 2144 |
| October | 1998 | 2150 |
| November | 2011 | 2168 |
| December | 2025 | 2190 |
Should I buy Ardee Industries stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 40 | 120 |
| 2027 | 80 | 190 |
| 2028 | 151 | 250 |
| 2029 | 200 | 300 |
| 2030 | 287 | 435 |
| 2040 | 880 | 1022 |
| 2050 | 1900 | 2190 |
It could be a good choice for long-term investment because it works in the growing battery recycling industry. The company has improved its sales and profits in recent years and may benefit from the increasing demand for batteries and energy storage. However, there are some risks, such as changes in lead prices, government environmental rules, and the supply of used batteries for recycling.
Ardee Industries earnings results (Financials)
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
| Sales + | 412 | 463 | 743 | 1,168 |
| Expenses + | 389 | 435 | 677 | 1,021 |
| Operating Profit | 23 | 28 | 66 | 147 |
| OPM % | 6% | 6% | 9% | 13% |
| Other Income + | 0 | 0 | 1 | 1 |
| Interest | 7 | 10 | 13 | 24 |
| Depreciation | 3 | 6 | 9 | 11 |
| Profit before tax | 13 | 12 | 45 | 113 |
| Tax % | 33% | 24% | 25% | 25% |
| Net Profit + | 9 | 9 | 33 | 85 |
| EPS in Rs | 269.07 | 281.00 | 1,044.58 | 3.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Is Ardee Industries stock good to buy? (bull case & bear case)
Bull Case:
- The company’s revenue increased from ₹412 crore to ₹743 crore in the last three financial years.
- Its net profit increased from ₹8.6 crore to ₹33.3 crore during the same period.
- Revenue grew by around 80% between FY23 and FY25.
- Net profit grew by around 287% between FY23 and FY25.
- It works in the growing battery recycling industry, which can benefit from higher demand for batteries and energy storage.
- The company sells recycled lead and lead alloys to industries such as automobiles, telecom, e-mobility, and power backup.
Bear Case:
- The company’s profit can be affected if lead prices go up or down.
- It depends on getting enough used batteries and lead scrap for recycling.
- Strict environmental rules may increase its business costs.
- It faces competition from bigger and well-established recycling companies.
- If demand for batteries or vehicles falls, the company’s business may also slow down.
- As a small company, it may face more business and expansion risks than larger companies.
Conclusion
It is a growing company that works in the lead recycling and battery industry. The company has increased its sales and profits in recent years and may benefit from the rising demand for batteries and energy storage. However, it also faces some risks, such as changes in lead prices, environmental rules, and the availability of used batteries for recycling. Overall, the company looks like a good option for long-term investors.
