Stock Name : Amara Raja Batteries Ltd/Tips Open Buy : 980 Posted Date : Jan 23, 2021
Stopless/Horizon : 931 Target : 1127

Overview: Amara Raja Batteries Limited (ARBL) is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. Amara Raja Batteries Ltd. is a Mid Cap company with a market capitalization of Rs 16623.47 Crore.

About the company: ARBL was founded by Mr. Ramachandra Galla in 1985, initially the company manufactured standby valve-regulated lead-acid (VRLA) batteries at its unit in Karakambadi (Andhra Pradesh). From there, the Company has grown to become a leading manufacturer of automotive batteries and home UPS/Inverter batteries under the brands Amaron and PowerZone, which are distributed through pan-India sales & service retail network. The company has a large distribution network comprising of 30000+ Amaron and PowerZone retailers across India.

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.

Amara Raja’s Industrial Battery Division comprises brands such as PowerStack, Amaron Volt, Amaron Sleek, Amaron Volt Amaron Brute, and Amaron Quanta.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.

The Company’s products are exported to most of the countries in the Indian Ocean Rim.
Management: Mr. S Vijayanand is the Chief Executive Officer of Amara Raja Batteries Ltd and Mr. Ramachandra Naidu Galla is the Chairman.

Shareholding Pattern:
• Promoter: 28.1%
• MF: 8%
• FII: 20.9%
• Other Institutions: 6.6%
• Public: 36.5%

Dividend: Amara Raja Batteries has declared an equity dividend of 1100.00% amounting to Rs 11 per share for the year ending March 2020.

Sales Report: For the quarter ended 30th September 2020, ARBL reported a Consolidated sale of Rs 1935.52 Crore, which was up 68.13 % from last quarter Sales of Rs 1151.22 Crore and up 14.17 % from the previous year corresponding quarter Sales of Rs 1695.31 Crore. ARBL’s net profit after tax was Rs 201.27 Crore in the latest quarter.

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