Amara Raja Batteries Share Price Target 2024, 2025, 2030, 2040, 2050
Another significant maker of lead-acid batteries for industrial and automotive use in India is Amara Raja Batteries Limited (NSE: AMARAJABAT), renamed Amara Raja Energy & Mobility Ltd. Amara Raja is an intriguing growth possibility for energy storage and automobile investors.
This article will explore Amara Raja’s share price projections for the following years and significant elements affecting its stock performance.
What is Amara Raja Energy & Mobility Ltd?
Contents
- 1 What is Amara Raja Energy & Mobility Ltd?
- 2 share price Target Tomorrow
- 3 Amara Raja Batteries share price Target 2024
- 4 Amara Raja Batteries share price Target 2025
- 5 Share price Target 2026
- 6 Amara Raja Batteries share price Target 2030
- 7 Share Price Target 2050
- 8 Should I buy Amara Raja Batteries stock?
- 9 Amara Raja Energy & Mobility Ltd earning results
- 10 Expert forecasts on the future of Amara Raja Energy & Mobility Ltd.
- 11 Is Amara Raja Batteries stock good to buy? (bull case & bear case)
- 12 Conclusion
- 13 FAQs
Indian multinational Amara Raja Energy & Mobility Ltd, originally Amara Raja Batteries Limited, is based in Tirupati, Andhra Pradesh. The 1985-founded firm is India’s biggest lead-acid battery maker for industrial and automotive use. “Amaron” is Amara Raja’s main brand and a major automotive battery player.
Fundamental Table
| Metric | Value |
| Market Cap | ₹24,568.41 Cr |
| P/E Ratio | 25.59 |
| Book Value | ₹371.64 |
| Dividend Yield | 0.75% |
| ROCE | 18.04% |
| ROE | 13.74% |
| Debt to Equity | 0.01 |
Key Metrics for Amara Raja Batteries
| Metric | Value |
| Current Share Price | ₹1,366.05 |
| Market Capitalization | ₹25,022.31 crore |
| P/E Ratio | 26.04 |
| EPS (TTM) | ₹52.45 |
| Book Value per Share | ₹371.46 |
| Dividend Yield | 0.72% |
| 52-Week High/Low | ₹1,775.95 / ₹599.00 |
| Return on Equity (ROE) | 13.38% |
Peers Comparison Table
| Company | Market Capitalization | P/E Ratio | EPS (₹) | Dividend Yield (%) |
| Amara Raja Batteries | ₹25,022.31 crore | 26.04 | 52.45 | 0.72 |
| Exide Industries Ltd | ₹10,000 crore | 20.00 | 60.00 | 1.50 |
| HBL Power Systems Ltd | ₹3,500 crore | 15.00 | 40.00 | 0.50 |
| Eveready Industries India Ltd | ₹2,000 crore | 18.00 | 30.00 | 2.00 |
| Indo National Ltd | ₹1,500 crore | 22.00 | 25.00 | 1.20 |
| Price Type | Change (+/-) |
| Minimum Price | -22.35 |
| Maximum Price | +17.65 |
Amara Raja could gain from the automobile sector’s comeback and energy storage needs in 2024. The company’s lithium-ion battery expansion may boost growth. In 2024, Amara Raja’s share price goal is expected to be between ₹780 and ₹1,350.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 780 | 1,350 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 780 | 900 |
| February | 840 | 910 |
| March | 720 | 900 |
| April | 780 | 1000 |
| May | 1000 | 1100 |
| June | 1000 | 1200 |
| July | 1100 | 1200 |
| August | 1040 | 1100 |
| September | 1080 | 1200 |
| October | 1110 | 1200 |
| November | 1180 | 1300 |
| December | 1200 | 1350 |
Amara Raja’s share price may rise in 2025 as it adds products and invests in new innovation. The company’s EV battery and energy storage strategies may boost revenue. The 2025 share price objective for Amara Raja is anticipated at ₹1200 to ₹1,800.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2025 | 1200 | 1,800 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 1200 | 1450 |
| February | 1220 | 1400 |
| March | 1240 | 1550 |
| April | 1280 | 1500 |
| May | 1300 | 1560 |
| June | 1310 | 1610 |
| July | 1350 | 1660 |
| August | 1390 | 1770 |
| September | 1400 | 1700 |
| October | 1440 | 1660 |
| November | 1460 | 1700 |
| December | 1500 | 1800 |
By 2026, Amara Raja should have advanced its lithium-ion battery and energy storage systems. Research and development might lead to new products and market growth for the organization. The 2026 share price objective for Amara Raja is estimated at ₹1,500 to ₹2,800.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2026 | 1,500 | 2,800 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 1,500 | 2,125 |
| February | 1,525 | 2,250 |
| March | 1,550 | 2,275 |
| April | 1,575 | 2,300 |
| May | 1,600 | 2,325 |
| June | 1,625 | 2,450 |
| July | 1,650 | 2,575 |
| August | 1,675 | 2,600 |
| September | 1,700 | 2,625 |
| October | 1,725 | 2,750 |
| November | 1,750 | 2,775 |
| December | 1,775 | 2,800 |
Energy storage technology will likely have transformed Amara Raja by 2030. Long-term growth from electric cars and renewable energy storage solutions might boost the company’s share price. The goal range for 2030 is estimated at ₹4,000 to ₹4,500.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2030 | 4,000 | 4,500 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 4,000 | 4,050 |
| February | 4,050 | 4,100 |
| March | 4,100 | 4,150 |
| April | 4,150 | 4,200 |
| May | 4,200 | 4,250 |
| June | 4,250 | 4,300 |
| July | 4,300 | 4,350 |
| August | 4,350 | 4,400 |
| September | 4,400 | 4,450 |
| October | 4,450 | 4,500 |
| November | 4,500 | 4,550 |
| December | 4,550 | 4,600 |
Amara Raja’s 2050 share price will rely on its capacity to develop and adapt to energy storage technologies and market needs. Managing energy landscape adjustments might lead to tremendous growth for the organization. Share prices are expected to go from ₹10,000 to ₹15,000 by 2050.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2050 | 10,000 | 15,000 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 10,000 | 10,500 |
| February | 10,500 | 11,000 |
| March | 11,000 | 11,500 |
| April | 11,500 | 12,000 |
| May | 12,000 | 12,500 |
| June | 12,500 | 13,000 |
| July | 13,000 | 13,500 |
| August | 13,500 | 14,000 |
| September | 14,000 | 14,500 |
| October | 14,500 | 15,000 |
| November | 15,000 | 15,500 |
| December | 15,500 | 16,000 |
Should I buy Amara Raja Batteries stock?
Many aspects must be considered before buying Amara Raja Batteries stock. The company’s strong position in the Indian battery industry and ambitions to expand into other technologies and areas suggest growth. Amara Raja has a solid business strategy and continuous financial success, benefiting from energy storage demand.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 780 | 1,350 |
| 2025 | 1,200 | 1,800 |
| 2026 | 1,500 | 2,800 |
| 2030 | 4,000 | 4,500 |
| 2040 | 6500 | 8100 |
| 2050 | 10,000 | 15,000 |
Investors should also consider battery competition, technological upheavals, and automobile and energy regulation changes. The stock’s value should be compared to industry peers to meet market expectations. To succeed long-term, the firm must shift into new technologies like lithium-ion batteries and acquire electric car market share.
Your financial objectives, risk tolerance, and research should determine your investment selection. Consult a financial counselor before investing.
Amara Raja Energy & Mobility Ltd earning results
For years, Amara Raja Energy & Mobility Ltd. has grown financially. The company’s profitability have risen due to operational efficiency and product expansion. Summary of Amara Raja’s recent financial results:
| Quarter | Revenue (₹ Crores) | Net Profit (₹ Crores) | EPS (₹) |
| Q2 FY24 | 3,263.05 | 238.41 | 13.96 |
| Q1 FY24 | 3,153.54 | 206.62 | 12.10 |
| Q4 FY23 | 2,907.86 | 229.78 | 13.45 |
| Q3 FY23 | 2,638.81 | 221.88 | 13.00 |
Expert forecasts on the future of Amara Raja Energy & Mobility Ltd.
Amara Raja Batteries Ltd, a top battery producer, is selling at ₹1,366.05. In Q2 FY24, the firm achieved a combined net profit of ₹249.12 crore, a 25.62% year-over-year rise due to strong demand in automotive and industrial markets. After an 18.20% drop in share price over the last three months, experts remain positive about its long-term potential.
With a P/E ratio of 26.04 and an ROE of 13.38%, Amara Raja is positioned well within a competitive landscape that includes key players like Exide Industries. The firm prioritizes product innovation and sustainability in electric car batteries and energy storage.
For long-term investors, experts suggest buying on dips and maintaining holdings, with short-term aims at ₹1,350 and long-term targets at ₹1,600 in the following year, indicating significant battery market growth potential.
Is Amara Raja Batteries stock good to buy? (bull case & bear case)
Bull Case:
- Strong battery market position in India
- Lithium-ion battery and EV market expansion
- Demand for energy storage solutions rising
- Reliable finances and little debt
- International market growth potential
Bear Case:
- Battery competition is fierce.
- Price dependence on lead and other basic materials
- New battery technology may disrupt
- Environment-related regulatory risks
- Challenges of switching from lead-acid to lithium-ion
Conclusion
Amara Raja Energy & Mobility Ltd is an intriguing investment in the fast-growing energy storage and automobile industries. The company’s solid market position, steady financial performance, and potential for development in new technologies make it appealing to investors hoping to profit from electric cars and renewable energy storage. Like any investment, it has risks and uncertainties.
Amara Raja’s long-term forecast is promising, but investors should examine their financial objectives, risk tolerance, and the economy before investing. As usual, portfolio risk management requires diversification and a well-rounded investing approach.
