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Indian battery maker (Amaron brand) for autos and industry, expanding into lithium-ion EV batteries and new energy.
Indian battery maker (Amaron brand) for autos and industry, expanding into lithium-ion EV batteries and new energy.
Sells lead-acid batteries as original fitments to vehicle makers and, through dealers, as replacements, with replacement sales the steadier outlet. Industrial batteries for telecom towers and backup power add a second stream. Led by the founding Galla family, it is building lithium-ion cell production in Telangana.
Moat: narrow (brand, distribution, scale). Strong Amaron brand and distribution rival Exide in lead-acid, but the EV/lithium-ion race is new and capital-intensive.
Headquarters: Tirupati, India · Founded: 1985 · Employees: 10,805
Size Amara Raja Energy & Mobility (ARE&M.NS) is an India Industrials company (Electrical Products) with a market value of $1.41B, the 487th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹728.25 on 6 Nov 2026.
Performance Over six months the shares fell 18.9%, against -38.3% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 15.7% over the last twelve months (peer median +12.9%); the operating margin is 5.8% (peer median 6.2%).
Valuation It trades at 15.5× forward earnings against a peer median of 21.3× (7th cheapest of 16).
Capital Return on invested capital runs 11.1 points below its cost of capital (18.8% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹153B | ₹138B | ₹128B | ₹117B | ₹103B |
| Revenue growth | — | +8% | +10% | +13% | — |
| Gross profit | ₹30.7B | ₹23.6B | ₹22.2B | ₹21.2B | ₹17.3B |
| EBITDA | ₹15.3B | ₹14.6B | ₹15.9B | ₹16.3B | ₹14.2B |
| Net income | ₹7.98B | ₹8.96B | ₹9.45B | ₹9.34B | ₹7.31B |
| Free cash flow | n/a | -₹2.47B | ₹1.27B | ₹3.78B | ₹4.19B |
| Capital expenditure | n/a | ₹13.4B | ₹12.0B | ₹8.71B | ₹5.11B |
| Total debt | ₹6.84B | ₹4.06B | ₹2.61B | ₹1.57B | ₹2.01B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Amara Raja Energy & Mobility ARE&M.NS | $1.41B | -19% | +16% | 6% | 15.5× | n/a |
| Exide Industries EXIDEIND.NS | $3.20B | -2% | +13% | 8% | 21.7× | 27.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ARE&M.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | -5.6% | 5th highest of 21 |
| 6-month return | -18.9% | -38.3% | 6th highest of 20 |
| Distance from 52-week high | -28.8% | -53.8% | 3rd highest of 21 |
| Revenue growth (TTM) | +15.7% | +12.9% | 8th highest of 20 |
| Operating margin | 5.8% | 6.2% | 10th lowest of 20 |
| Forward P/E | 15.5× | 21.3× | 7th cheapest of 16 |
| ROIC minus cost of capital | -11.1 pp | -3.6 pp | 4th lowest of 20 |
| EV / EBITDA | 8.9× | 16.3× | 2nd cheapest of 6 |
| Net debt / EBITDA | 0.2× | 1.1× | 3rd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Amara Raja Energy & Mobility ARE&M.NS | India | $1.41B | -19% | +16% | 6% | 15.5× | n/a | n/a |
| Pylon Technologies 688063.SS | China | $1.41B | -50% | +101% | 1% | 44.2× | n/a | n/a |
| Vanchip (Tianjin) Technology 688153.SS | China | $1.41B | -31% | 0% | -8% | n/a | n/a | n/a |
| Zhejiang Wanma 002276.SZ | China | $1.42B | -25% | +13% | 1% | 10.8× | 5.1% | +15.6% |
| East 300376.SZ | China | $1.43B | -30% | +9% | 3% | 9.3× | n/a | n/a |
| Daihen 6622.T | Japan | $1.43B | +5% | +5% | 8% | 11.4× | n/a | n/a |
| Eaglerise Electric & Electronic (China) 002922.SZ | China | $1.39B | -44% | +14% | 6% | 25.0× | n/a | n/a |
| Ocean's King Lighting Science & Technology 002724.SZ | China | $1.39B | +89% | -3% | 6% | n/a | 21.3% | +0.3% |
| Allient ALNT | United States | $1.38B | +22% | +11% | 9% | 22.8× | 27.9% | +8.6% |
| Shenzhen Woer Heat-Shrinkable Material 9981.HK | Hong Kong | $1.38B | -52% | +26% | 15% | 7.6× | -11.2% | +14.8% |
| Hubei Zhongyi Technology 301150.SZ | China | $1.38B | -40% | +48% | 3% | 34.7× | 14.6% | +38.1% |
| Ushio 6925.T | Japan | $1.37B | -15% | +6% | 8% | 17.6× | 8.3% | +8.6% |
| V-Guard Industries VGUARD.NS | India | $1.35B | -12% | +22% | 8% | 27.6× | 19.3% | +17.0% |
| Guodian Nanjing Automation 600268.SS | China | $1.48B | -35% | -5% | 9% | 15.2× | -0.1% | +13.9% |
| Aerospace Intelligent Manufacturing Technology 300446.SZ | China | $1.48B | -38% | -14% | 5% | 21.3× | 2.1% | +133.1% |
| Inox Wind INOXWIND.NS | India | $1.49B | -39% | +17% | 15% | 15.4× | n/a | n/a |
| Zhejiang Zhaolong Interconnect Technology Co. Limited 300913.SZ | China | $1.49B | -45% | +29% | 12% | 44.1× | n/a | n/a |
| Hainan Drinda New Energy Technology 002865.SZ | China | $1.49B | -45% | -4% | -13% | n/a | 19.3% | +54.9% |
| Shanghai Electric Wind Power 688660.SS | China | $1.50B | -39% | +69% | -6% | n/a | n/a | n/a |
| Accelevation ACCV | United States | $1.33B | n/a | n/a | n/a | n/a | n/a | n/a |
| Up-Shine Lighting 301362.SZ | China | $1.50B | -39% | +15% | 7% | 29.5× | n/a | n/a |