Top Battery and Lithium-Ion Stocks in India for 2024
The energy storage industry is booming due to the global shift towards green energy and the increasing demand for electric cars. India’s ambitious goal to achieve net-zero pollution by 2070 highlights the battery sector’s crucial role in this transition. This trend offers investors a significant opportunity to diversify their portfolios with top battery stocks in India.
Batteries are essential in everyday items like TV remotes, toys and electric vehicles but often go unnoticed despite their importance. However, battery demand has surged with India’s focus on renewable energy. As the country moves towards a sustainable future, batteries are vital for energy infrastructure and transportation. This article will focus on a list of top battery stocks in India based on their return on investments and explore the battery sector in India in more detail.
Top Battery Stocks in India for 2024
Here’s the list of top battery companies in India based on their net profit margin:
| symbol | Company | ticker | slug | Sector | Market Price | Div. Yield (%) | Market Cap (Cr.) | 52W High | 52W Low | PE Ratio | Industry PE | PB Ratio | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AMAR | Amara Raja Energy & Mobility Ltd | ARE&M | /stocks/amara-raja-batteries-AMAR | Batteries | 1,255.60 | 0.79 | 22,992.92 | 1,775.95 | 636.10 | 24.61 | 47.29 | 3.38 | 14.59 | 95.45 | 85.99 | 67.58 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.00 |
| ERDY | Eveready Industries India Ltd | EVEREADY | /stocks/eveready-industries-india-ERDY | Batteries | 366.25 | 0.27 | 2,663.59 | 505.00 | 295.05 | 39.89 | 47.29 | 6.89 | 18.91 | 5.29 | 11.47 | 593.66 | Smallcap | Household & Personal Products | Electrical Equipment | Household Products | 0.00 |
| EXID | Exide Industries Ltd | EXIDEIND | /stocks/exide-industries-EXID | Batteries | 418.10 | 0.48 | 35,557.44 | 620.35 | 270.80 | 40.56 | 47.29 | 2.76 | 7.29 | 53.63 | 131.63 | 120.28 | Midcap | Automobiles & Components | Electrical Equipment | Automotive Parts & Equipment | 0.00 |
| GDST | Goldstar Power Ltd | GOLDSTAR | /stocks/goldstar-power-GDST | Batteries | 11.00 | 0.00 | 264.92 | 18.25 | 10.10 | 65.57 | 47.29 | 9.40 | 15.44 | -19.41 | 902.02 | 953.19 | Smallcap | null | Electrical Equipment | null | 0.00 |
| HBLS | HBL Engineering Ltd | HBLPOWER | /stocks/hbl-power-systems-HBLS | Batteries | 540.90 | 0.09 | 15,001.47 | 724.00 | 311.90 | 53.41 | 47.29 | 12.30 | 25.87 | 70.25 | 959.55 | 3,218.40 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.00 |
| INNL | Indo National Ltd | NIPPOBATRY | /stocks/indo-national-INNL | Batteries | 516.20 | 0.97 | 387.36 | 857.80 | 0.00 | 40.27 | 47.29 | 1.42 | 3.59 | -28.57 | 18.57 | 83.93 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.00 |
| LAKHN | Panasonic Energy India Co Ltd | PANAENERG | /stocks/panasonic-energy-india-company-LAKHN | Batteries | 450.00 | 1.97 | 337.68 | 615.00 | 353.10 | 28.99 | 47.29 | 3.29 | 11.98 | 20.11 | 44.16 | 211.63 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.00 |
| PCIL | Panasonic Carbon India Co Ltd | PANCARBON | /stocks/panasonic-carbon-india-co-PCIL | Batteries | 580.80 | 2.07 | 278.93 | 739.00 | 420.50 | 15.01 | 47.29 | 1.78 | 12.35 | 30.74 | 23.26 | 82.99 | Smallcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.00 |
| STAR | Starlit Power Systems Ltd | STARLIT | /stocks/starlit-power-systems-STAR | Batteries | 2.58 | 0.00 | 2.60 | 6.79 | 2.05 | -0.68 | 47.29 | -0.09 | 0.00 | -40.83 | -80.54 | -77.95 | Smallcap | Materials | Electrical Equipment | Diversified Metals & Mining | 0.00 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data in the list of best battery stocks in India is subject to real-time updates.
🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.
Best Battery Companies in India: An Overview
Let’s take a look at some of the top battery companies in India:
Panasonic Carbon India Co Ltd
Founded in 1982, Panasonic Carbon India Co Ltd is a subsidiary of Panasonic Corporation, Japan. The company manufactures carbon rods, primarily used in dry cell batteries, and is a key supplier to various battery manufacturers. Its products are known for their quality and durability in both domestic and international markets.
HBL Power Systems Ltd
Established in 1977, HBL Power Systems Ltd is a leading manufacturer of specialised batteries and power electronics. The company’s portfolio includes a wide range of batteries for industrial, military, and aerospace applications. It has a significant presence in both domestic and international markets.
Amara Raja Energy & Mobility Ltd
Founded in 1985, Amara Raja Energy & Mobility Ltd is known for its automotive and industrial battery solutions. The company is part of the larger Amara Raja Group and has been a key player in energy storage and mobility solutions, both in India and abroad.
Goldstar Power Ltd
Goldstar Power Ltd, incorporated in 1999, is engaged in the manufacturing of lead-acid batteries. The company offers batteries for industrial, automotive, and renewable energy applications, serving customers in both domestic and international markets.
Exide Industries Ltd
Established in 1947, Exide Industries Ltd is one of the largest manufacturers of lead-acid storage batteries in India. The company provides batteries for automotive, industrial, and submarine applications. It is widely recognised for its product quality and extensive distribution network.
Eveready Industries India Ltd
Eveready Industries India Ltd, founded in 1905, is a leading manufacturer of dry cell batteries, flashlights, and other lighting solutions in India. The company has a long-standing reputation for its battery and lighting products, which are household names across the country.
Panasonic Energy India Co Ltd
Panasonic Energy India Co Ltd was established in 1972 and is a subsidiary of Panasonic Corporation, Japan. The company specialises in the manufacture of zinc-carbon batteries and is a significant player in the Indian battery market, offering a wide range of portable energy solutions.
Indo National Ltd
Incorporated in 1972, Indo National Ltd, formerly known as Nippo Batteries, is involved in the production of dry cell batteries, lighting products, and other energy solutions. The company is well-known for its Nippo brand of batteries, a popular name in the Indian market.
Starlit Power Systems Ltd
Starlit Power Systems Ltd was founded in 2008 and operates in the lead recycling and battery manufacturing sectors. The company focuses on recovering lead from used batteries and manufacturing lead-based products.
How to Invest in the Best Battery Stocks in India?
You have multiple options to invest in the best battery company in India, depending on your investment style and risk appetite.
You can consider buying individual stocks of battery companies directly by evaluating their market performance, financial stability, and growth potential. Investing through mutual funds or exchange-traded funds (ETFs) that focus on the battery sector is another option, allowing you to diversify your investments across several companies.
Systematic Investment Plans (SIPs) in battery-focused mutual funds or ETFs can also be considered for regular investments. This approach allows you to invest a fixed amount periodically, which may help you benefit from rupee-cost averaging and long-term wealth creation.
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Disclosures for aforementioned smallcases
What are Battery Stocks?
Battery shares are stocks of companies that produce, develop, or distribute batteries and energy storage solutions. These companies manufacture batteries for electric vehicles, renewable energy storage, consumer electronics, and more.
Features of Battery Sector Stocks
Let’s have a look at the key features of battery sector stocks.
- Market Demand: The demand for electric vehicle lithium battery stocks India extends beyond electric vehicles. Consideration of diverse applications, including renewable energy storage and portable devices, sheds light on the broader market dynamics influencing these best lithium-ion battery stocks India.
- Supply Chain Resilience: Battery production is contingent on a complex global supply chain. Factors such as access to raw materials, geopolitical stability, and manufacturing capabilities play crucial roles in stock performance.
- Regulatory Landscape: Government policies and environmental regulations significantly impact the battery sector. Investors should stay abreast of evolving regulations concerning emissions, recycling, and energy storage incentives when considering lithium based stocks in India.
- Competition and Partnerships: The competitive landscape within the battery sector is dynamic. Lithium-ion battery stocks in India, with lithium manufacturers in India listed in the stock market, forming strategic partnerships or gaining a competitive edge in production efficiency may present compelling investment opportunities in lithium ion battery manufacturers listed in NSE.
Factors Influencing Battery Sector Stocks
Battery stocks are influenced by several factors that can impact their performance in the market, including;
- Technological Advancements: Keep an eye on the latest battery technologies. Innovations like longer lifespan, faster charging, and improved energy density can give the best battery stocks in India a competitive edge and boost their stock performance.
- Electric Vehicle Adoption: As more people embrace electric vehicles, the demand for EV stocks increases. Pay attention to factors like government incentives, charging infrastructure development, and consumer preferences for EVs. These trends can drive the growth of battery stocks.
- Renewable Energy Expansion: The growth of renewable energy relies on energy storage systems, often powered by batteries. Watch out for policies supporting renewables, advancements in grid-scale energy storage, and the integration of batteries into the power sector. These developments can influence the demand for lithium battery stocks.
- Regulatory Environment: Government regulations and policies are crucial in the battery industry. Stay informed about emissions standards, environmental regulations, and incentives for clean energy solutions. Regulation changes can impact the profitability and market demand for lithium battery related stocks in India.
- Supply Chain Dynamics: The availability and cost of raw materials can affect battery manufacturing company share and performance. Monitor factors like mining regulations, geopolitical events, and material sourcing and recycling advancements. These dynamics can influence the cost and supply of battery components, thereby affecting electric batteries stocks in India.
Overview of the Lithium-ion Battery Sector in India
Lithium-ion batteries were introduced commercially in the 1990s and have since emerged as a leading eco-friendly energy source. It has been powering a range of new technologies, such as modern smartphones, electric vehicles, inverter batteries, children’s electric bikes, lithium-powered batteries, and drones.
The EV spectrum encompasses a variety of vehicles, such as two-wheelers, three-wheelers, four-wheelers, and buses. India predominantly imports most EV batteries, semiconductors, and Battery Management Systems (BMS) from countries like China, Japan, and Korea. However, there has been a notable effort among electric vehicle battery manufacturers in India to develop batteries tailored to the Indian market.
Role of the Government in the EV Transformation Drive
The government recognises the potential of electric vehicles (EVs) and the expansive market opportunities for EVs, solar-distributed renewable energy, energy telecommunications towers, and data centres in India.
In response, the government has allocated a budget of 18,000 crores to produce Advanced Chemistry Cell (ACC) batteries. The government is also seriously considering battery swapping and recently released a much-anticipated draft policy on the subject from the NITI Aayog. This policy accelerates EV adoption nationwide by encouraging electric vehicle tax exemptions.
Advantages of Investing in Battery Stocks
Here are a few benefits of investing in battery stocks:
- Growth: The demand for lithium-ion battery manufacturers in India stocks is skyrocketing, thanks to electric vehicles, renewable energy storage, and our reliance on portable devices. Investing in lithium-ion stocks in India allows you to ride the wave of this expanding market and potentially see your investment grow. As the lithium-ion battery share price in India continues to increase due to growing demand, it presents lucrative opportunities for investors.
- Shift Towards Green Energy: Battery manufacturing company shares are critical to the shift towards clean energy. As the world embraces renewable sources, batteries are essential for storing energy and stabilising power grids. Investing in electric vehicle battery stocks in India supports the global push for sustainability and clean energy solutions. Additionally, the EV battery share price in India has gained momentum as electric vehicles become more widespread, further driving the appeal of this investment avenue.
Technological Innovation: Battery manufacturing companies are at the forefront of cutting-edge advancements. By investing in this sector, you’ll be part of the exciting breakthroughs in battery tech, such as improved energy density, faster charging, and longer lifespan. These innovations can fuel the growth and profitability of vehicle battery shares. The battery share list and all battery share price updates reflect these rapid developments, providing a comprehensive view of the opportunities in the sector. Whether it’s tracking lithium shares in India or other leading battery stocks, investors can stay ahead in this fast-evolving market.
Risks of Investing in Battery Shares
Now that we have covered the advantages of investing in battery stocks, let’s understand the potential risks of investing in battery shares.
- Highly Competitive: The battery industry is highly competitive, with many players vying for market share. This competition can impact the growth prospects of individual lithium ion battery stocks in India. Look for companies that have a strong competitive edge.
- Regulatory Changes: Government policies and regulations surrounding vehicle battery shares in India can significantly impact the industry. Stay updated on potential changes that could affect the companies you’re considering.
- Supply Chain Challenges: India’s leading battery manufacturing companies depend on a global supply chain for production. Any disturbances in the availability of essential raw materials can impact the share price and performance of lithium stocks to buy in India. Evaluate how companies handle risks in their supply chain management.
- Market Volatility: Even the best EV battery-related stocks in India can be subjected to market volatility. This can be influenced by various factors, such as economic conditions and investor sentiment. Therefore, be prepared for market fluctuations that could impact any battery company you have invested in.
Tips for Investing in Battery Industry in India
Here are some effective tips that you can follow when considering battery stocks in the Indian stock market:
- Stay Updated: Follow the latest developments in the battery sector, especially related to lithium stocks in India and advancements in battery technology. The growing demand for electric vehicles and energy storage makes it essential to stay informed.
- Look Beyond the Surface: Evaluate lithium-ion battery manufacturers in India stocks by analyzing their fundamentals, including lithium-ion battery share price in India, revenue growth, and profitability. Understanding what sets the company apart in terms of innovation and market positioning is key.
- Embrace Innovation: Seek out battery related stocks in India with a strong focus on research and development, particularly in cutting-edge battery technologies. Electric vehicle battery manufacturers stocks in India that invest heavily in innovation are better positioned for long-term growth.
- Ride the Sustainable Wave: Focus on companies contributing to the transition to clean energy. Lithium-ion stocks in India tied to renewable energy storage are likely to benefit from the increasing demand for sustainable solutions.
- Assess the Risks: Investing in lithium company stock India comes with potential risks, such as technological changes, competition, and supply chain issues. Carefully assess these factors before investing in electric vehicle battery stocks in India or other lithium related stocks in India.
Factors To Consider When Investing In Battery Stocks in India
1. Growth of the Indian Battery Market
The Indian battery market is expanding with the rising demand for electric vehicles (EVs) and renewable energy storage. The market for lithium-ion battery manufacturers in India stocks is particularly growing due to their crucial role in EVs.
2. Battery Technology Advancements
Technological improvements are key to the future of battery companies in India stocks. Companies focusing on enhancing battery efficiency and reducing costs may be better positioned for growth.
3. EV Battery Demand
The increasing demand for EVs is driving interest in electric vehicle battery stocks in India. Investors may want to consider how companies are scaling production to meet this demand, as well as the overall EV battery share price trends.
4. Company Fundamentals
You might also want to examine the financial health of battery companies listed in NSE. Factors like the company’s revenue, profit margins, and ability to innovate can offer insights into its potential growth. Looking into the battery company share price history may also provide a better understanding of market performance.
5. Government Initiatives
Government policies supporting electric vehicles and renewable energy adoption could positively impact lithium-related stocks in India. You might want to keep an eye on policy changes and incentives, as these can drive growth in the sector.
6. Market Competition
The competition within the battery stocks list is fierce, with both established players and battery penny stocks in India vying for market share. Understanding the competitive landscape may help you identify potential leaders in this space.
To Wrap It Up…
Investing in battery stocks in India presents a unique opportunity to capitalise on the growing demand for clean energy and sustainable technologies. With advancements in battery technology and the increasing adoption of renewable energy sources, battery stocks have the potential for significant growth.
However, it’s important to know the risks involved in investing in this sector. These include technological challenges, market competition, regulatory changes, and supply chain vulnerabilities. Therefore, conducting thorough research, diversifying your portfolio, and staying informed about industry developments are essential to navigate these risks.
Frequently Asked Questions About Battery Stocks
These are the best battery stocks based on their 5 year average return on investments (ROI):
1. Exide Industries Ltd
2. Amara Raja Energy & Mobility Ltd
3. Panasonic Carbon India Co Ltd
4. HBL Power Systems Ltd
5. Goldstar Power Ltd
Note: The data is this list has been taken on 31st October 2024. This list is for educational purposes only and is not meant to be recommendatory.
You can invest in the biggest battery related stocks in India directly or through ETFs, mutual funds, and smallcases
Battery stocks offer a unique opportunity to benefit from the growing demand for clean energy. These stocks in India have strong growth potential, but you should consider your investment goals and risk tolerance before investing.
Batteries are emerging as a significant alternative to fossil fuels, with anticipated high demand from 2020 to 2030. Investing in green battery stocks is advantageous for those interested in green and renewable energy. However, investors must consider both growth potential and challenges when investing in battery stocks.
Starlit Power Systems Ltd is the battery penny stock in NSE. It has a market price of Rs. 2.25 as of 31st October 2024.
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