Best Battery Stocks in India
Discover the top battery stocks in India, driving innovation in energy storage, electric mobility, and renewable energy solutions.
Best Battery Stocks in India
Battery Stocks
List of Battery Stocks listed in NSE.
last updated at 6:30 PM IST
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Showing 1 - 11 of 11 results
last updated at 6:30 PM IST
| NameStocks (11)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Exide Industries LtdEXIDEIND | BatteriesBatteries | 32,368.0032,368.00 | 382.45382.45 | 36.9236.92 | 5.005.00 | -18.09-18.09 | -13.97-13.97 | 2.512.51 | 7.297.29 | 9.869.86 | |
| 2. | Amara Raja Energy & Mobility LtdARE&M | BatteriesBatteries | 18,483.7318,483.73 | 1,000.101,000.10 | 19.7819.78 | -6.32-6.32 | -20.85-20.85 | -11.75-11.75 | 2.722.72 | 14.5914.59 | 17.7217.72 | |
| 3. | HBL Engineering LtdHBLENGINE | BatteriesBatteries | 14,570.7514,570.75 | 517.55517.55 | 51.8751.87 | 12.0912.09 | -4.29-4.29 | 10.8010.80 | 11.9411.94 | 25.8725.87 | 30.9830.98 | |
| 4. | Eveready Industries India LtdEVEREADY | BatteriesBatteries | 2,413.222,413.22 | 328.75328.75 | 36.1436.14 | 6.536.53 | -17.92-17.92 | -7.46-7.46 | 6.246.24 | 18.9118.91 | 20.2320.23 | |
| 5. | Indo National LtdNIPPOBATRY | BatteriesBatteries | 382.95382.95 | 522.25522.25 | 39.8139.81 | 12.7212.72 | -2.83-2.83 | -21.65-21.65 | 1.401.40 | 3.593.59 | 9.089.08 | |
| 6. | Goldstar Power LtdGOLDSTAR | BatteriesBatteries | 350.59350.59 | 12.8012.80 | 86.7886.78 | 42.1142.11 | 12.2812.28 | -7.25-7.25 | 12.4412.44 | 15.4415.44 | 21.1821.18 | |
| 7. | CLN Energy LtdCLN | BatteriesBatteries | 342.24342.24 | 337.00337.00 | 35.0335.03 | 22.8922.89 | 32.6032.60 | 32.6032.60 | 25.5825.58 | 115.14115.14 | 30.9630.96 | |
| 8. | Panasonic Energy India Co LtdPANAENERG | BatteriesBatteries | 305.06305.06 | 406.55406.55 | 26.1926.19 | 11.4411.44 | -15.10-15.10 | -22.42-22.42 | 2.972.97 | 11.9811.98 | 14.6514.65 | |
| 9. | Panasonic Carbon India Co LtdPANCARBON | BatteriesBatteries | 237.10237.10 | 495.15495.15 | 12.7612.76 | 0.850.85 | -15.58-15.58 | -4.22-4.22 | 1.511.51 | 12.3512.35 | 15.9115.91 | |
| 10. | ATC Energies System LtdATCENERGY | BatteriesBatteries | 215.71215.71 | 109.15109.15 | 19.7919.79 | 9.529.52 | 7.387.38 | 7.387.38 | 6.516.51 | 39.4139.41 | 36.6736.67 | |
| 11. | Maxvolt Energy Industries LtdMAXVOLT | BatteriesBatteries | 211.48211.48 | 203.25203.25 | 40.5940.59 | 15.7915.79 | 12.3512.35 | 12.3512.35 | 18.3118.31 | 85.4885.48 | 53.2953.29 |
Update: Union Budget FY 2025-26 on Battery Industry
The Union Budget 2025-26 introduces several measures that are set to reshape India's battery sector, aligning with the country's push towards sustainable energy and self-reliance in critical technologies. Key announcements include customs duty exemptions on critical minerals and a new policy for mineral recovery, both of which are expected to boost domestic battery production and reduce dependency on imports.
By cutting import duties, the government is encouraging domestic processing and recycling of these materials, which will further strengthen India's battery ecosystem.
By focusing on mineral recovery, India can reduce its dependence on costly imports while promoting a circular economy in the battery sector.
Customs Duty Exemptions on Critical Minerals
One of the most significant moves in the budget is the removal of customs duties on waste and scrap of critical minerals, including lithium-ion batteries, cobalt, and copper. This exemption aims to:
- Ensure a steady supply of essential raw materials for battery manufacturing.
- Reduce reliance on imports, making India more self-sufficient in battery production.
- Lower production costs, ultimately making electric vehicles (EVs) and energy storage solutions more affordable.
By cutting import duties, the government is encouraging domestic processing and recycling of these materials, which will further strengthen India's battery ecosystem.
New Policy for Recovery of Critical Minerals
To enhance domestic production, the government is set to introduce a policy for recovering critical minerals from mining by-products. This strategy is designed to:
- Tap into untapped resources by extracting valuable minerals from mining waste.
- Strengthen India’s supply chain for battery manufacturing.
- Support the EV and renewable energy sectors, which rely heavily on lithium, cobalt, and other critical minerals.
By focusing on mineral recovery, India can reduce its dependence on costly imports while promoting a circular economy in the battery sector.
Overview of the Best Battery Stocks
Exide Industries Ltd
Exide Industries Ltd is a leading Indian manufacturer of lead-acid storage batteries and provider of energy solutions. Catering to automotive, industrial, and submarine applications, the company also ventures into lithium-ion battery production. As one of the EV battery stocks and lithium-ion battery stocks, it contributes to renewable energy and electric vehicle advancements.
Amara Raja Energy & Mobility Ltd
Amara Raja Energy & Mobility Ltd specialises in innovative energy storage solutions and sustainable mobility technologies. As one of the battery sector stocks renowned for its automotive and industrial batteries, the company focuses on clean energy and electric mobility infrastructure, making strides in the renewable energy ecosystem.
HBL Power Systems Ltd
HBL Power Systems Ltd excels in designing and manufacturing advanced batteries and power electronics solutions. Serving industries such as railways, defense, aviation, and renewable energy, HBL is recognised for its expertise in specialised energy systems and engineering capabilities.
Eveready Industries India Ltd
Eveready Industries India Ltd is a prominent name in consumer energy solutions, producing batteries, flashlights, and lighting products. Known for its reliable and iconic brand presence, the company has diversified into home appliances and is a leader in the dry cell battery segment, contributing to the growth of battery manufacturing stocks in India.
Indo National Ltd
Indo National Ltd, popularly known for its brand Nippo, is a key player in the dry cell battery and flashlight industry. Expanding into home appliances and LED lighting, the company combines innovation and quality to maintain its standing as a trusted consumer brand in India.
Advantages of Investing in Battery Stocks in India
Market Growth Potential
The Indian battery market is projected to grow from approximately USD 7.2 bn to USD 15.65 bn by 2029, driven by increasing demand for electric vehicles (EVs) and renewable energy storage solutions. This projected battery sector growth highlights the evolving landscape of best battery stocks in India.
Government Support
Initiatives like the Production-Linked Incentive (PLI) scheme and the National Program on Advanced Chemistry Cell (ACC) Battery Storage aim to boost domestic battery manufacturing, providing favourable conditions for companies in this sector.
Technological Advancements
Continuous research and development in battery technologies, such as lithium-ion and solid-state batteries, promise better performance and cost savings. These advancements help Indian firms improve their battery stock performance while staying competitive in the global market.
Strategic Partnerships
Indian battery companies are increasingly entering alliances with international firms to enhance technological capabilities and extend global reach. Such partnerships contribute to the broader dynamics of battery stock trends and market penetration.
Environmental Impact
Investing in renewable battery stocks supports the transition to cleaner energy solutions, aligning with global sustainability goals and potentially attracting environmentally conscious investors.
Economic Incentives
The Indian government's focus on developing a domestic manufacturing ecosystem, including programs like the PLI scheme, provides economic incentives that can enhance the profitability of battery companies.
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Factors to Consider Before Investing in Battery Stocks
Financial Health
Examine the company's financial statements, focusing on revenue growth, profit margins, and debt levels. A strong financial position ensures the ability to invest in research and development and withstand market fluctuations.
Regulatory Environment
While evaluating battery stocks for investment, stay informed about government policies and incentives related to the battery industry, such as subsidies for EVs and renewable energy projects. Favourable regulations can significantly impact company performance.
Supply Chain Stability
Consider the company's access to essential raw materials like lithium, cobalt, and nickel. The focus on battery raw material stocks has grown due to the need for a resilient and ethical supply chain in battery production.
Environmental and Social Governance (ESG) Practices
Evaluate the company's commitment to sustainable practices, including environmental impact and corporate governance. Firms with strong ESG compliance tend to feature prominently in discussions around sustainable battery stocks with high returns, especially in the long term.
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Frequently Asked Questions on Battery Stocks
1. What are the leading battery companies in India?
Exide Industries, Amara Raja Energy & Mobility, HBL Power Systems, Eveready Industries, and Indo National are among the top battery stocks in India.2. Why is the battery sector in India gaining investor interest?
The surge in electric vehicle adoption and renewable energy initiatives is driving demand for efficient energy storage solutions, making the battery sector attractive for investors.3. What factors should be considered before investing in battery stocks?
Investors should assess a company's financial health, technological advancements, market position, and alignment with government policies promoting clean energy.4. How is the Indian government supporting the battery industry?
The government offers incentives like the Production-Linked Incentive (PLI) scheme to boost domestic battery manufacturing and reduce reliance on imports.5. What are the risks associated with investing in battery stocks?
Risks include technological disruptions, intense competition, regulatory changes, and market volatility.6. What is the market outlook for battery stocks in India?
The battery sector is poised for significant growth, driven by increasing EV adoption and renewable energy projects, presenting substantial investment opportunities.
