Is "Amara Raja batteries" a good choice for future investment?
Most successful investors decide their investment based on the EPS growth of the shares. Amara Raja batteries earning per share grew by 9% per year and it is a good growth.
Now we will look the share with different angle.First of all before investing in any company share, we should know the company details like its all products/services, present financial condition,future strategy & plan, and possibilities of its products/services demand in future. As said above here we will check Amara Raja batteries in all aspects;
Amara Raja is a big group and deals in many bossiness verticals like Amara Raja batteries, Amara Raja electronics, Amara Raja infra, Amara Raja power systems, Mangal Indutries, Amara Raja media and entertainment, & Galla foods.
Amara Raja Batteries Limited (ARBL) is the technology leader and one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.The Company is a leading manufacturer of automotive batteries and home UPS/Inverter batteries under the brands Amaron® and PowerZoneTM, which are distributed through pan-India sales & service retail network. ARBL supplies automotive batteries under OE relationships to Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Ashok Leyland, and Tata Motors, Honda Motorcycles & Scooters India Private Ltd, Royal Enfield, Bajaj Auto Ltd among others. ARBL is also the leading private label supplier for prominent brands.
In India, ARBL is the preferred supplier to major telecom service providers, telecom equipment manufacturers, the UPS sector (OEM & Replacement), Indian Railways and to the Power, Oil & Gas, Motive among other industry segments. Amara Raja's Industrial Battery Division comprises of brands such as PowerStack®, Amaron VoltTM, Amaron SleekTM, Amaron VoltTM Amaron BruteTM and Amaron Quanta®.
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2134.70 Crore, up 6.97 % from last quarter Total Income of Rs 1995.63 Crore and up 33.80 % from last year same quarter Total Income of Rs 1595.50 Crore. Company reported net profit after tax of Rs 189.38 Crore in latest quarter.
Amara Raja Batteries, one of the largest lead acid battery manufacturers, is eyeing a bigger play in the energy and mobility business as it seeks to ride the opportunity electric vehicles, advanced home energy solutions and other allied products and services, will open in the coming years.It has charted a strategy of “future-proofing” the business and re-positioned itself as an “Energy and Mobility” player. This will include expanding the core lead acid batteries business and establishing a New Energy SBU (strategic business unit) that will encompass lithium cell and battery pack, electric vehicle (EV) chargers, energy storage systems, advanced home energy solutions and related products and services.
Future demand:
Renewable energy is expected to make up 30 percent of the world's energy by 2024, according to the International Energy Agency, and most of this is driven by solar and wind projects that continue to be rolled out at a startling pace.
The global electric vehicle market size is projected to grow from 4,093 thousand units in 2021 to 34,756 thousand units by 2030, at a CAGR of 26.8%. ... Adding to that, India has already put forward the desire to become the biggest hub for electric vehicles in the future.
Above data and research indicate good to invest in Amara Raja batteries share/stock.
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