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Best Battery Stocks in India - List Of Best Battery Stocks

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Best Battery Stocks – Battery Stock List 2024

The table below shows Best Battery Stocks – Battery Stock List​ 2024 based on the Highest Market Capitalization & 1Y Return.

NameMarket Cap (Cr)Close Price (rs)1Y Return (%)
Exide Industries Ltd39,699.25467.0583.66
Amara Raja Energy & Mobility Ltd24,337.801,329.75110.65
HBL Power Systems Ltd15,036.44542.4586.63
Eveready Industries India Ltd2,838.44390.59.4
Indo National Ltd412.31549.75-6.81
Panasonic Energy India Co Ltd359.7479.651.96
Panasonic Carbon India Co Ltd280.61584.635.4
Goldstar Power Ltd27211.3-36.87
Starlit Power Systems Ltd2.162.15-51.25

Introduction to Battery Stock List​

Exide Industries Ltd

Exide Industries Limited, a leader in the storage battery market in India, manufactures and sells lead-acid batteries for automotive and industrial applications. Its extensive product range includes batteries for vehicles, inverters and industrial uses, serving sectors like telecom, power and defence.

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– Market Cap: ₹39,699.25 Cr

– Close Price: ₹467.05

– 1Y Return: 83.66%

– 1M Return: -6.72%

– 6M Return: 2.52%

– 5Y Avg Net Profit Margin: 10.2%

– Dividend Yield: 0.43%

– 5Y CAGR: 20.57%

– Sector: Batteries

Amara Raja Energy & Mobility Ltd

Formerly Amara Raja Batteries Limited, Amara Raja Energy & Mobility Ltd manufactures lead-acid batteries for automotive and industrial use, distributing under brands like Amaron and PowerZone. It serves automotive companies and various industries including telecom and railways.

– Market Cap: ₹24,337.80 Cr

– Close Price: ₹1,329.75

– 1Y Return: 110.65%

– 1M Return: –4.28%

– 6M Return: 20.78%

– 5Y Avg Net Profit Margin: 7.85%

– Dividend Yield: 0.74%

– 5Y CAGR: 14.95%

– Sector: Batteries

HBL Power Systems Ltd

HBL Power Systems Ltd specializes in designing and manufacturing advanced batteries and power systems in India. With products ranging from aircraft batteries to nuclear submarine batteries, it serves a broad spectrum of industries.

– Market Cap: ₹15,036.44 Cr

– Close Price: ₹542.45

– 1Y Return: 86.63%

– 1M Return: –12.51%

– 6M Return: 6.25%

– 5Y Avg Net Profit Margin: 6.14%

– Dividend Yield: 0.09%

– 5Y CAGR: 99.3%

– Sector: Batteries

Eveready Industries India Ltd

Eveready Industries India Ltd is renowned for its production and marketing of batteries, lighting products and small home appliances. It serves both domestic and industrial sectors, offering products like dry cell batteries, LED lights and portable lanterns.

– Market Cap: ₹2,838.44 Cr

– Close Price: ₹390.5

– 1Y Return: 9.4%

– 1M Return: -16.13%

– 6M Return: 9.78%

– 5Y Avg Net Profit Margin: -0.27%

– Dividend Yield: 0.26%

– 5Y CAGR: 49.35%

– Sector: Batteries

Indo National Ltd

Indo National Ltd manufactures and markets batteries and flashlights across various segments, catering to both consumer needs and industrial demands. The company emphasizes quality and innovation in its extensive range of products.

– Market Cap: ₹412.31 Cr

– Close Price: ₹549.75

– 1Y Return: -6.81%

– 1M Return: –9.34%

– 6M Return: –22.42%

– 5Y Avg Net Profit Margin: 1.53%

– Dividend Yield: 0.91%

– 5Y CAGR: 19.25%

– Sector: Batteries

Panasonic Energy India Co Ltd

Panasonic Energy India Co Ltd focuses on the manufacturing and marketing of a wide variety of batteries for domestic and international markets, contributing significantly to the electronics and power storage sectors.

– Market Cap: ₹359.7 Cr

– Close Price: ₹479.6

– 1Y Return: 51.96%

– 1M Return: –3.59%

– 6M Return: –9.33%

– 5Y Avg Net Profit Margin: 1.90%

– Dividend Yield: 1.85%

– 5Y CAGR: 24.68%

– Sector: Batteries

Panasonic Carbon India Co Ltd

Panasonic Carbon India Co Ltd produces carbon products for various applications, including batteries. It stands out in the industry for its high-quality products and innovation, serving both local and international markets.

– Market Cap: ₹280.61 Cr

– Close Price: ₹584.6

– 1Y Return: 35.4%

– 1M Return: -20.38%

– 6M Return: 12.14%

– 5Y Avg Net Profit Margin: 28.89%

– Dividend Yield: 2.05%

– 5Y CAGR: 15.06%

– Sector: Batteries

Goldstar Power Ltd

Goldstar Power Ltd is a prominent battery manufacturer in India, offering a diverse range of products tailored for automotive, industrial and solar applications. Its products are known for reliability and efficiency.

– Market Cap: ₹272 Cr

– Close Price: ₹11.3

– 1Y Return: –36.87%

– 1M Return: –13.73%

– 6M Return: –16.91%

– 5Y Avg Net Profit Margin: 3.54%

– 5Y CAGR: 58.40%

– Sector: Batteries

Starlit Power Systems Ltd

Starlit Power Systems Ltd manufactures advanced battery systems for a variety of applications, including automotive and solar solutions. The company focuses on eco-friendly products and cutting-edge technology to meet modern energy needs.

– Market Cap: ₹2.16 Cr

– Close Price: ₹2.15

– 1Y Return: –51.25%

– 1M Return: –41.14%

– 6M Return: –54.45%

– 5Y Avg Net Profit Margin: -624.31%

– 5Y CAGR: –28.86%

– Sector: Batteries

What are Battery Stocks?

Battery stocks are shares of companies involved in the development, production, or distribution of batteries and related technologies. These companies may focus on various types of batteries, including lithium-ion, lead-acid and emerging technologies like solid-state batteries. The sector has gained prominence due to the growing demand for energy storage solutions.

Battery stocks encompass a wide range of businesses, from raw material suppliers to battery manufacturers and companies integrating batteries into their products. This includes electric vehicle manufacturers, renewable energy storage providers and consumer electronics companies.

Investing in battery stocks allows investors to participate in the growth of the energy storage and electric vehicle markets. As the world shifts towards cleaner energy and transportation, battery technology plays a crucial role in enabling this transition.

Features Of Best Battery Stocks

The main features of the best battery stocks include strong growth potential, technological innovation, diversified applications, strategic partnerships and exposure to the clean energy transition. These characteristics make them attractive to investors looking for opportunities in the evolving energy and transportation sectors.

  • Strong Growth Potential: The best battery stocks often show significant revenue and earnings growth potential due to increasing demand for energy storage solutions in various industries, particularly in electric vehicles and renewable energy sectors.
  • Technological Innovation: Leading battery companies invest heavily in research and development to improve battery performance, efficiency and cost-effectiveness. This innovation can lead to competitive advantages and market leadership.
  • Diversified Applications: Top battery stocks often have exposure to multiple markets, including automotive, consumer electronics and grid storage. This diversification can provide stability and multiple growth avenues.
  • Strategic Partnerships: Many successful battery companies form partnerships with major automotive or technology firms, securing long-term contracts and enhancing their market position.
  • Clean Energy Transition Exposure: Battery stocks are often seen as key players in the global shift towards clean energy and sustainable transportation, potentially benefiting from supportive government policies and increasing environmental awareness.

Best Battery Sector Stocks Based on 6-Month Return

The table below shows Best Battery Sector Stocks Based on 6 Month Return.

NameClose Price (rs)6M Return (%)
Amara Raja Energy & Mobility Ltd1,329.7520.78
Panasonic Carbon India Co Ltd584.612.14
Eveready Industries India Ltd390.59.78
HBL Power Systems Ltd542.456.25
Exide Industries Ltd467.052.52
Panasonic Energy India Co Ltd479.6-9.33
Goldstar Power Ltd11.3-16.91
Indo National Ltd549.75-22.42
Starlit Power Systems Ltd2.15-54.45

Battery Stock List Based on 5-Year Net Profit Margin

The table below shows the Battery Stock List Based on  5-year net Profit Margin.

Name5Y Avg Net Profit Margin %Close Price (rs)
Panasonic Carbon India Co Ltd28.89584.6
Exide Industries Ltd10.2467.05
Amara Raja Energy & Mobility Ltd7.851,329.75
HBL Power Systems Ltd6.14542.45
Goldstar Power Ltd3.5411.3
Panasonic Energy India Co Ltd1.9479.6
Indo National Ltd1.53549.75
Eveready Industries India Ltd-0.27390.5
Starlit Power Systems Ltd-624.312.15

Best Battery Sector Stocks To Buy Based on 1M Return

The table below shows the Best Battery Sector Stocks To Buy Based on a 1M Return.

NameClose Price (rs)1M Return (%)
Panasonic Energy India Co Ltd479.6-3.59
Amara Raja Energy & Mobility Ltd1,329.75-4.28
Exide Industries Ltd467.05-6.72
Indo National Ltd549.75-9.34
HBL Power Systems Ltd542.45-12.51
Goldstar Power Ltd11.3-13.73
Eveready Industries India Ltd390.5-16.13
Panasonic Carbon India Co Ltd584.6-20.38
Starlit Power Systems Ltd2.15-41.14

High Dividend Yield Battery Stocks

The table below shows High Dividend Yield Battery Stocks.

NameClose Price (rs)Dividend Yield %
Panasonic Carbon India Co Ltd584.62.05
Panasonic Energy India Co Ltd479.61.85
Indo National Ltd549.750.91
Amara Raja Energy & Mobility Ltd1,329.750.74
Exide Industries Ltd467.050.43
Eveready Industries India Ltd390.50.26
HBL Power Systems Ltd542.450.09

Historical Performance of Battery Stocks

The table shows the Historical Performance of Battery Stocks based on 5Y return.

NameMarket Cap (Cr)Close Price (rs)5Y CAGR %
HBL Power Systems Ltd15,036.44542.4599.3
Goldstar Power Ltd27211.358.40
Eveready Industries India Ltd2,838.44390.549.35
Panasonic Energy India Co Ltd359.7479.624.68
Exide Industries Ltd39,699.25467.0520.57
Indo National Ltd412.31549.7519.25
Panasonic Carbon India Co Ltd280.61584.615.06
Amara Raja Energy & Mobility Ltd24,337.801,329.7514.95
Starlit Power Systems Ltd2.162.15-28.86

Factors To Consider When Investing In Best Battery Stocks

When investing in battery stocks, consider the company’s technological leadership, production capacity and cost efficiency. Evaluate their research and development efforts, as innovation is crucial in this rapidly evolving sector. Assess the company’s partnerships and contracts, especially with major automotive or energy storage companies.

Examine the company’s financial health, including revenue growth, profitability and debt levels. Consider their market position and competitive advantages. It’s also important to understand the regulatory environment and government policies that may impact the battery industry.

Look at the company’s exposure to different markets (e.g., EVs, consumer electronics, grid storage) and its supply chain management, particularly regarding critical raw materials. Consider the long-term growth potential of the battery market and how well-positioned the company is to capitalize on this growth.

How To Invest In Best Battery Stocks?

Listed below are the steps for investing in the Best Battery Stocks:

  • Research and find out the top-performing stocks in the market.
  • Evaluate and assess your risk appetite and fix your financial goals.
  • Shortlist the stocks based on your fundamental and technical analysis.
  • Find reliable stockbrokers like Alice Blue to open a demat account.
  • Invest in the shortlisted stocks and monitor them regularly.

Impact of Government Policies on Battery Stocks

Government policies significantly impact battery stocks, often driving growth and innovation in the sector. Policies promoting electric vehicles and renewable energy storage, such as subsidies, tax incentives and emissions regulations, can boost demand for batteries and benefit-related stocks.

Conversely, changes in government support or regulations can pose risks to battery companies. For example, shifts in EV incentives or raw material sourcing requirements can affect profitability and market dynamics. Investors should closely monitor policy developments at national and international levels to assess potential impacts on battery stocks.

How Battery Stocks Perform in Economic Downturns?

Battery stocks can show mixed performance during economic downturns. While general market volatility may affect them, the sector’s long-term growth prospects and essential role in the energy transition can provide some resilience. Companies with strong balance sheets and diversified revenue streams may fare better.

However, during severe economic contractions, battery stocks might face challenges due to reduced consumer spending on electric vehicles or delayed infrastructure projects. The sector’s performance can also be influenced by government stimulus measures, particularly those focused on green energy and sustainable transportation initiatives.

Advantages Of Investing In Best Battery Stocks

The main advantages of investing in battery stocks include exposure to a high-growth sector, participation in the clean energy transition, potential for technological breakthroughs and diversification benefits. These factors make battery stocks attractive for investors seeking growth opportunities in emerging technologies.

  • Exposure to High-Growth Sector: Battery stocks offer investors access to the rapidly expanding electric vehicle and energy storage markets, which are projected to grow significantly in the coming decades.
  • Clean Energy Transition: Investing in battery stocks allows participation in the global shift towards sustainable energy and transportation, aligning investments with environmental goals and potential policy support.
  • Technological Innovation: The battery sector is characterized by ongoing research and development, offering the potential for breakthrough technologies that could lead to substantial market gains.
  • Diversification Benefits: Battery stocks can provide portfolio diversification, as their performance may differ from traditional energy or technology stocks, potentially reducing overall investment risk.
  • Long-Term Growth Potential: As batteries become increasingly central to various industries, including automotive, consumer electronics and grid storage, the sector offers significant long-term growth prospects.

Risks Of Investing In Best Battery Stocks

The main risks of investing in battery stocks include technological obsolescence, intense competition, regulatory changes, raw material supply challenges and market volatility. These factors can significantly impact the performance and valuation of battery companies.

  • Technological Obsolescence: Rapid advancements in battery technology can quickly make existing products outdated, potentially impacting a company’s market position and profitability.
  • Intense Competition: The battery sector is highly competitive, with numerous companies vying for market share. This can lead to price pressures and reduced profit margins.
  • Regulatory Changes: Shifts in government policies related to electric vehicles, energy storage, or environmental regulations can significantly impact the demand for batteries and company profitability.
  • Raw Material Supply Challenges: Battery production relies on specific raw materials and supply chain disruptions or price fluctuations can affect production costs and profitability.
  • Market Volatility: Battery stocks can be subject to significant price swings based on market sentiment, technological announcements, or changes in growth projections for related industries like electric vehicles.

Battery Stocks GDP Contribution

Battery stocks contribute to GDP through their role in manufacturing, research and development and supporting the growth of related industries like electric vehicles and renewable energy. As the battery sector expands, it creates jobs, drives innovation and attracts investment, all of which contribute to economic growth.

The indirect impact of battery technology on GDP is also significant. By enabling the transition to electric vehicles and renewable energy storage, batteries play a crucial role in reducing dependence on fossil fuels and supporting the development of new, sustainable industries. This transition can lead to long-term economic benefits and new growth opportunities.

Who Should Invest in the Best Battery Stocks?

Investing in battery stocks is suitable for investors with a long-term perspective and a high tolerance for risk. These stocks are ideal for those who believe in the growth potential of clean energy and electric vehicle markets. They may appeal to investors looking to diversify their portfolio with exposure to emerging technologies.

However, due to the sector’s volatility and technological risks, battery stocks are best suited for investors who can withstand potential short-term losses. They should be comfortable with ongoing research and monitoring of technological developments and market trends in this rapidly evolving sector.

The future of battery-related stocks in India looks promising, driven by the country’s push towards electric mobility and renewable energy integration. Government initiatives like the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage are expected to boost domestic battery manufacturing and related industries.

India’s growing automotive market and increasing focus on reducing oil imports and carbon emissions create significant opportunities for battery companies. As the country invests in electric vehicle infrastructure and grid-scale energy storage, battery stocks are likely to benefit from increased demand and supportive policies.

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Battery Share Price List – FAQs 

1. What are Battery Stocks?

Battery stocks are shares of companies involved in the production, development, or distribution of batteries and related technologies. This includes manufacturers of various types of batteries, suppliers of raw materials and companies integrating battery technology into their products, such as electric vehicle manufacturers.

2. What Are the Best Battery Stocks?

Best Battery Stocks #1: Exide Industries Ltd
Best Battery Stocks #2: Amara Raja Energy & Mobility Ltd
Best Battery Stocks #3: HBL Power Systems Ltd
Best Battery Stocks #4: Eveready Industries India Ltd
Best Battery Stocks #5: Indo National Ltd

The Best Battery Stocks are based on market capitalization.

3. What Are the Top 3 Lithium Stocks In India?

The top 3 lithium stocks in India are Reliance Industries, due to its significant investments in lithium battery production; Tata Chemicals, with its focus on lithium-ion battery manufacturing; and L&T Technology Services, which provides engineering solutions for electric and hybrid vehicles including lithium battery systems.

4. Is It Safe To Invest In Battery Stocks?

Investing in battery stocks carries risks due to market volatility and technological uncertainties. While the sector offers growth potential, it’s important to diversify your portfolio and conduct thorough research. Consider your risk tolerance and investment goals before investing in this dynamic sector.

5. How to Invest In Battery Stocks?

To invest in battery stocks, open a demat account with a broker like Alice Blue. Research companies in the battery sector, considering factors like financial health, technological capabilities and market position. You can invest directly in individual stocks or through mutual funds and ETFs focusing on clean energy or electric vehicle sectors.

6. Which Battery Share is a Penny Stock?

Battery penny stocks are shares of smaller battery-related companies trading at very low prices, typically under ₹10. These stocks are highly speculative and risky. Examples might include small-scale battery manufacturers or startups in battery technology. Always conduct thorough research before considering such high-risk investments.

  

Here are some of the Best Stock Research Articles listed based on Top Sectors (Industries), Market Cap, and Fundamental Analysis Factors:

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Shares Below 50Asset management company stocks in indiaBSE TechBest Debt Free Stocks under Rs 1000Large cap stocks under 100
IT Services Stocks Below 500Housing stocksTop companies in india by market capitalization – bseCorporate Bonds In IndiaLarge cap stocks under 200
Hospitals stocks below 500Infrastructure StocksHotels Stocks With Dividend YieldBest Hybrid Mutual FundLarge cap stocks under 500
Pipe Stock Below 500Semiconductor Stocks In IndiaInsurance Stocks With Dividend Yieldbest etf in indiaLarge cap stocks in BSE
Plastic Stocks Below 500Real Estate Stocks IndiaHospitals Stocks With Dividend Yieldbest gold etf in indiaLarge Cap IT Services Stocks
Private Banks stocks below 500Sugar Stocks In IndiaMetals Stocks With High Dividend YieldBest Mutual Fund For Short TermTop Tata Shares
Long term penny stocksPaper StocksPaper Products Stocks With High Dividend YieldTop 10 Low Risk Mutual Funds for SIPTop Adani Group Shares List
High Volume Penny StocksMultibagger Stocks ListPower Transmission Stocks With High Dividend YieldBest Medium to Long Duration Mutual FundBirla Group Stocks
Agriculture Penny Stocks In IndiaTop Solar Industries StocksRail Stocks With High Dividend YieldSmall Cap Green Energy StocksMukesh Ambani Group Stocks
Best NBFC Penny Stocks In IndiaNSE Nifty Future StocksPlastic Stocks With High Dividend YieldSmall cap stocks in BSEChidambaram Group Stocks
Highest dividend Paying Penny StocksNifty BankDebt Free Stocks Under 5Small Cap Healthcare StocksGirish Gulati Portfolio
Penny Pharma stocksNifty Next 50Debt Free Stocks Under 20Small Cap Pharma StocksAtim Kabra Portfolio
List Of Government Stocks In IndiaNifty midcap 50Debt Free Stocks Under 200 RsSmall Cap Textiles StocksHiten Anantrai Sheth Portfolio
Biotechnology StocksNifty Smallcap 50Debt Free Stocks Below 100Mid Cap IT Services StocksNikhil Vora Portfolio
stationery stocksLow PE stocks in Nifty 100Debt Free Auto Parts StocksMid Cap Iron & Steel StocksJayesh Patel Portfolio
Travel StocksBSE PSUDebt Free Software Services StocksMid Cap Private Banks StocksPranav Parekh Portfolio
Top Sectors to Benefit From BJP win.BSE Cap GoodsDebt Free IT Services StocksMid cap stocks in BSERakesh Jhunjhunwala and Associates’s Portfolio ·

Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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