Amara Raja Energy & Mobility Limited is India’s largest automotive batteries and allied products manufacturer. They offer a wide range of lead-acid batteries under brands like Amaron, PowerZone, Power Stack, Amaron Volt, Quanta, QRS, and Genpro. Their products are exported to over 50 countries and cater to sectors such as UPS, Telecom, Railways, Motive, and Defence. They pioneered Valve Regulated Lead Acid (VRLA) batteries in India.
Investing heavily in Li-ion technologies, Amara Raja develops Li-ion cells, battery packs, and charging solutions for Light Electric Vehicles and the telecom industry, with a state-of-the-art Gigafactory. Their clients include Maruti Suzuki, Hyundai, Ford, Tata Motors, Mahindra, Honda, and Renault Nissan. Achievements include powering the Taj Mahal, every third car in Singapore, and every second telecom tower in India.
Amara Raja Energy & Mobility Q4 Results: Profit Surges 64.81% YoY, Revenue Up 19.69% YoY, EPS at ₹12.55
- Profit: ₹229.78 crore, up 64.81% YoY
- Revenue: ₹2,907.86 crore, up 19.69% YoY, down 4.47% QoQ
- Profit Decrease: 9.8% QoQ
- Selling, General & Administrative Expenses: Down 0.54% QoQ, up 19.83% YoY
- Operating Income: Down 8.65% QoQ, up 63.75% YoY
- Earnings Per Share (EPS): ₹12.55, up 23.41% YoY
- Returns:
- 7.88% last week
- 78.11% last 6 months
- 52.9% year-to-date
Shareholding Patterns
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 28.06% | 28.06% | 28.06% | 28.06% | 32.86% |
| FIIs + | 36.19% | 35.22% | 24.64% | 24.00% | 24.46% |
| DIIs + | 9.21% | 10.47% | 16.81% | 17.91% | 15.36% |
| Public + | 26.55% | 26.24% | 30.50% | 30.02% | 27.33% |
| No. of Shareholders | 4,71,435 | 4,64,529 | 5,60,987 | 5,52,894 | 5,63,871 |
- Promoters: The promoters’ shareholding remained constant at 28.06% from March 2023 to December 2023, before rising significantly to 32.86% in March 2024.
- FIIs (Foreign Institutional Investors): The FII stake decreased from 36.19% in March 2023 to 24.00% by December 2023, with a slight recovery to 24.46% in March 2024.
- DIIs (Domestic Institutional Investors): DIIs increased their holdings from 9.21% in March 2023 to a peak of 17.91% in December 2023, before settling at 15.36% in March 2024.
- Public: Public shareholding fluctuated, starting at 26.55% in March 2023, reaching 30.50% in September 2023, and then decreasing to 27.33% by March 2024.
- Number of Shareholders: The number of shareholders has varied, starting at 4,71,435 in March 2023, peaking at 5,60,987 in September 2023, and slightly increasing to 5,63,871 by March 2024.
How to Buy Amara Raja Energy & Mobility Limited Shares in India?
Below are the trading platforms that you can use to purchase Amara Raja Energy & Mobility Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Amara Raja Energy & Mobility Limited Share Price Prediction: 2024 To 2030
Amara Raja Energy & Mobility Limited Share Price Target 2024
| When | Maximum Price | Minimum Price |
| July 2024 | 1,704.60 | 1,482.26 |
| August 2024 | 1,772.79 | 1,541.55 |
| September 2024 | 1,843.70 | 1,603.22 |
| October 2024 | 1,807.55 | 1,571.78 |
| November 2024 | 1,879.85 | 1,634.65 |
| December 2024 | 1,898.65 | 1,651.00 |
In 2024, the projected maximum and minimum prices for Amara Raja Energy & Mobility Limited shares show a steady increase throughout the year. Starting in July, the maximum price is expected to be ₹1,704.60, while the minimum price is projected at ₹1,482.26. By December, the maximum price is anticipated to reach ₹1,898.65, with a minimum price of ₹1,651.00.
Amara Raja Energy & Mobility Limited Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 1,905.26 | 1,465.59 |
| February 2025 | 1,924.51 | 1,480.39 |
| March 2025 | 1,964.92 | 1,511.48 |
| April 2025 | 1,945.47 | 1,496.51 |
| May 2025 | 1,888.80 | 1,452.92 |
| June 2025 | 1,973.80 | 1,518.31 |
| July 2025 | 1,935.10 | 1,488.54 |
| August 2025 | 1,994.94 | 1,534.57 |
| September 2025 | 2,018.88 | 1,552.99 |
| October 2025 | 2,071.37 | 1,593.37 |
| November 2025 | 2,123.16 | 1,633.20 |
| December 2025 | 2,218.70 | 1,706.69 |
In 2025, the projected prices for Amara Raja Energy & Mobility Limited shares are expected to exhibit a consistent upward trend throughout the year. Starting in January, the maximum price is anticipated to be ₹1,905.26, while the minimum price is projected at ₹1,465.59. By December, the maximum price is forecasted to reach ₹2,218.70, with a minimum price of ₹1,706.69. This trend indicates a positive and growing outlook for Amara Raja Energy & Mobility Limited shares in 2025.
Amara Raja Energy & Mobility Limited Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 2,285.26 | 1,757.89 |
| February 2026 | 2,228.13 | 1,713.95 |
| March 2026 | 2,272.69 | 1,748.23 |
| April 2026 | 2,319.07 | 1,783.90 |
| May 2026 | 2,296.11 | 1,766.24 |
| June 2026 | 2,353.52 | 1,810.40 |
| July 2026 | 2,307.37 | 1,774.90 |
| August 2026 | 2,378.73 | 1,829.79 |
| September 2026 | 2,426.31 | 1,866.39 |
| October 2026 | 2,489.39 | 1,914.92 |
| November 2026 | 2,551.62 | 1,962.79 |
| December 2026 | 2,615.42 | 2,011.86 |
Amara Raja Energy & Mobility Limited Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 2,641.57 | 2,031.98 |
| February 2027 | 2,709.30 | 2,084.08 |
| March 2027 | 2,814.96 | 2,165.36 |
| April 2027 | 2,759.77 | 2,122.90 |
| May 2027 | 2,679.39 | 2,061.07 |
| June 2027 | 2,799.96 | 2,153.82 |
| July 2027 | 2,745.06 | 2,111.58 |
| August 2027 | 2,829.96 | 2,176.89 |
| September 2027 | 2,929.01 | 2,253.08 |
| October 2027 | 3,005.16 | 2,311.66 |
| November 2027 | 3,080.29 | 2,369.45 |
| December 2027 | 3,157.30 | 2,428.69 |
Amara Raja Energy & Mobility Limited Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 3,220.44 | 2,477.26 |
| February 2028 | 3,303.02 | 2,540.78 |
| March 2028 | 3,431.84 | 2,639.87 |
| April 2028 | 3,364.54 | 2,588.11 |
| May 2028 | 3,266.55 | 2,512.73 |
| June 2028 | 3,413.54 | 2,625.80 |
| July 2028 | 3,346.61 | 2,574.32 |
| August 2028 | 3,450.11 | 2,653.93 |
| September 2028 | 3,570.87 | 2,746.82 |
| October 2028 | 3,663.71 | 2,818.24 |
| November 2028 | 3,755.30 | 2,888.69 |
| December 2028 | 3,849.19 | 2,960.91 |
Amara Raja Energy & Mobility Limited Share Price Prediction 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 3,926.17 | 3,020.13 |
| February 2029 | 4,026.84 | 3,097.57 |
| March 2029 | 4,183.89 | 3,218.37 |
| April 2029 | 4,101.85 | 3,155.27 |
| May 2029 | 3,982.38 | 3,063.37 |
| June 2029 | 4,161.59 | 3,201.22 |
| July 2029 | 4,079.99 | 3,138.45 |
| August 2029 | 4,206.17 | 3,235.52 |
| September 2029 | 4,353.39 | 3,348.76 |
| October 2029 | 4,466.58 | 3,435.83 |
| November 2029 | 4,578.24 | 3,521.72 |
| December 2029 | 4,692.70 | 3,609.77 |
Amara Raja Energy & Mobility Limited Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 4,786.55 | 3,681.96 |
| February 2030 | 4,909.28 | 3,776.37 |
| March 2030 | 5,100.74 | 3,923.65 |
| April 2030 | 5,000.73 | 3,846.71 |
| May 2030 | 4,855.08 | 3,734.67 |
| June 2030 | 5,073.56 | 3,902.73 |
| July 2030 | 4,974.07 | 3,826.21 |
| August 2030 | 5,127.91 | 3,944.55 |
| September 2030 | 5,307.39 | 4,082.61 |
| October 2030 | 5,445.38 | 4,188.75 |
| November 2030 | 5,581.51 | 4,293.47 |
| December 2030 | 5,721.05 | 4,400.81 |
In 2030, the projected prices for Amara Raja Energy & Mobility Limited shares are expected to show a steady increase throughout the year. Starting in January, the maximum price is anticipated to be ₹4,786.55, while the minimum price is projected at ₹3,681.96. By December, the maximum price is forecasted to reach ₹5,721.05, with a minimum price of ₹4,400.81. This upward trend indicates a positive and growing outlook for Amara Raja Energy & Mobility Limited shares in 2030.
Financial Condition of Amara Raja Energy & Mobility Limited: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 6,839 | 7,150 | 8,696 | 10,386 | 11,260 |
| Expenses + | 5,741 | 6,033 | 7,666 | 9,015 | 9,639 |
| Operating Profit | 1,099 | 1,117 | 1,030 | 1,371 | 1,621 |
| OPM % | 16% | 16% | 12% | 13% | 14% |
| Other Income + | 55 | 86 | 71 | 26 | 102 |
| Interest | 12 | 11 | 15 | 22 | 33 |
| Depreciation | 301 | 319 | 396 | 427 | 479 |
| Profit before tax | 841 | 873 | 690 | 948 | 1,211 |
| Tax % | 21% | 26% | 26% | 27% | 25% |
| Net Profit + | 661 | 647 | 511 | 694 | 906 |
| EPS in Rs | 38.69 | 37.87 | 29.93 | 40.65 | 49.49 |
| Dividend Payout % | 28% | 29% | 15% | 15% | 20% |
Over the five-year period from March 2020 to March 2024, Amara Raja Energy & Mobility Limited has demonstrated consistent growth and some fluctuations in its financial performance.
- Sales: The company’s sales have steadily increased from ₹6,839 crore in March 2020 to ₹11,260 crore in March 2024, showing robust growth.
- Expenses: Corresponding to the rise in sales, expenses have also grown from ₹5,741 crore in March 2020 to ₹9,639 crore in March 2024.
- Operating Profit: Operating profit experienced some fluctuation, starting at ₹1,099 crore in March 2020, dipping to ₹1,030 crore in March 2022, but then increasing to ₹1,621 crore by March 2024.
- Operating Profit Margin (OPM): OPM varied over the years, starting and ending at 16% in 2020 and 2024, with a low of 12% in March 2022.
- Other Income: Other income saw fluctuations, from ₹55 crore in March 2020 to a high of ₹102 crore in March 2024.
- Interest: Interest expenses increased from ₹12 crore in March 2020 to ₹33 crore in March 2024.
- Depreciation: Depreciation expenses rose from ₹301 crore in March 2020 to ₹479 crore in March 2024.
- Profit Before Tax: Profit before tax grew from ₹841 crore in March 2020 to ₹1,211 crore in March 2024.
- Tax Rate: The tax rate fluctuated slightly, ranging from 21% to 27% over the years.
- Net Profit: Net profit showed growth, starting at ₹661 crore in March 2020 and reaching ₹906 crore in March 2024.
- Earnings Per Share (EPS): EPS increased from ₹38.69 in March 2020 to ₹49.49 in March 2024.
- Dividend Payout: The dividend payout ratio varied, starting at 28% in March 2020, dropping to 15% in March 2022 and 2023, and then rising to 20% in March 2024.
FAQs
What is Amara Raja Energy & Mobility Limited current market capitalization?
Amara Raja Energy & Mobility Limited currently holds a market capitalization of ₹30,968 crores.
What is Amara Raja Energy & Mobility Limited’s projected share price range for 2024?
Amara Raja Energy & Mobility Limited’s share price for 2024 is anticipated to fluctuate between ₹1,482.26 (minimum) and ₹1,898.65 (maximum).
What is Amara Raja Energy & Mobility Limited’s anticipated share price range for 2025?
Amara Raja Energy & Mobility Limited expects its share price to vary from ₹1,452.92 (minimum) to ₹2,218.70 (maximum) in 2025.
What is Amara Raja Energy & Mobility Limited’s estimated share price range for 2030?
Looking ahead, Amara Raja Energy & Mobility Limited projects its share price to range between ₹3,681.96 (minimum) and ₹5,721.05 (maximum) by 2030.
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Conclusion:
In conclusion, Amara Raja Energy & Mobility Limited has showcased robust financial health and strategic foresight with its Q4 FY2024 results. The company’s significant growth in profit and revenue, coupled with improvements in EPS and operating income, underscore its strong operational performance. With a steadfast commitment to innovation in both lead-acid and Li-ion battery technologies, including the establishment of a state-of-the-art Gigafactory, Amara Raja is well-positioned to lead in sustainable energy solutions. Investor confidence remains high, evident from the projected growth in share prices and the strategic increase in promoter shareholding. Overall, Amara Raja’s future looks promising as it continues to drive advancements in automotive batteries and expand its market presence.
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