So here is the List of Top Battery Manufacturing company in India. Batteries are used on various fields Like Automotive, Industrial, Submarine, UPS Systems etc.
List of Top Battery Manufacturing Companies in India.
The list is sorted out in order based on the turnover in descending order.
8. Goldstar Power Ltd
Established in the year 1982 by Mr. Muljibhai Pansara as a partnership firm at a small place at Dhrol, Dist. Jamnagar. The Company spread over an area of Approx, 100000 Sq. Ft., The company is a fully integrated unit having all production facilities under a single roof.
Incorporated in the year 1999, It is a battery manufacturing Company, manufacturing & marketing products under flagship brand -GOLDSTAR. With its state of art manufacturing facilities with an installed capacity of 50,000 batteries per month at Jamnagar in Gujarat.
The company has developed a niche space for itself for Lead Acid Batteries for Automotive, Industrial, Motorcycle, UPS, Solar, Genset and Inverter application.
- Revenue: Rs 36.37 Cr
- Market Cap: 24.28 Cr.
- ROE: 5.39 %
- Sales Growth (3Yrs): -3.15 %
- Promoter holding: 72.91 %
- Debt to equity: 0.41
- Price to book value: 1.26
The product range covers various types of batteries including Fully Automotive Batteries for Car, Tractor and Heavy Duty Trucks, Tubular Batteries for Inverter and Solar Application, SLI and Tubular Batteries for E-Rickshaw, SMF-VRLA Batteries for UPS Application, Motorcycle Batteries, Solar Batteries, Pure Lead, and Alloy batteries.
The company has a wide customer base with our domestic customer base situated in various regions of the country and international customers situated across varied countries like Dubai, Uganda, Nepal, Lebanon, Afghanistan, Oman, Yemen, etc.
7. High Energy Batteries (India) Ltd
High Energy Batteries (India) Limited is an established manufacturer of Hi-Tech batteries for use in Army, Navy, Airforce, Satellite Launch Vehicles and also commercial batteries for Auto and Standby VRLA applications. The Company also exports products to various countries. The Company was established in the year 1979.
- Revenue: Rs 65.13 Cr
- Market Cap: 53.19 Cr.
- ROE: 2.39 %
- Sales Growth (3Yrs): 26.98 %
- Promoter holding: 40.97 %
- Debt to equity: 1.86
- Price to book value: 2.41
The Company has a strong base of in-house Research and Development Wing to design, develop and establish manufacturing of batteries – Silver Oxide Zinc, Nickel Cadmium, Silver Chloride Magnesium for stringent applications such as Underwater propulsion, Control guidance, Communication, Emergency starting and for Aerospace applications.
6. Panasonic Energy India Company Ltd
Panasonic Energy India Co. Ltd., established in the year 1972 as Lakhanpal National Limited, is one of India’s largest manufacturer & supplier of dry cell batteries and lighting products.
Headquartered in Vadodara (Gujarat), the Company is a part of global Panasonic Corporation, the world’s leading manufacturer of audio-visual equipment, home appliances, electronic components, automotive electronics, and environmental systems.
- Revenue: Rs 201.87 Cr
- Market Cap: 128.89 Cr.
- ROE: 4.89 %
- Sales Growth (3Yrs): -4.92 %
- Promoter holding: 58.06 %
- Debt to equity: 0.00
- Price to book value: 1.28
The Company is a leading manufacturer and supplier of Zinc carbon, Alkaline, Lithium, Rechargeable batteries, and lighting products. panasonic energy is one of the top Battery Manufacturing Company in India
Company has an established and wide sales network that includes 2 manufacturing units, state of the art technology, distribution centers, numerous stockists and thousands of retailers across India.
The Company is a pioneer in Metal Jacketed Dry battery, high-performance pencil battery, Zinc-Chloride technology and eco-friendly batteries in India.
5. Indo National Ltd
A name synonymous with batteries, manufactured by Indo National Limited. Since its inception in 1972, Nippo has been providing millions of its customers with a quality and performance that is second to none. Nippo also markets a various range of LED torch lights to cater to customer requirements. Nippo recently launched LED Emergency Power Backup range products.
- Revenue: Rs 493.18 Cr
- Market Cap: 191.59 Cr.
- ROE: 9.40 %
- Sales Growth (3Yrs): 0.23 %
- Promoter holding: 65.35 %
- Debt to equity: 0.21
- Price to book value: 0.91
Indo National Limited with its corporate office at Chennai is the first Indian dry battery company to have been certified with ISO 9001 and ISO 14001 international standards and has the ISI mark of quality on all its batteries.
Nippo has 35 depots across India and has an excellent distribution network with over 4000 stockiest pan India. Nippo is 5th in the list of top Battery Manufacturing Company in India.
4. HBL Power Systems Ltd
HBL Power Systems Ltd is a listed Indian company, in business since 1977, with a focus on engineered products and services.
- Revenue: Rs 1,188 Cr
- Market Cap: 498.95 Cr.
- ROE: 2.77 %
- Sales Growth (3Yrs): -0.81 %
- Promoter holding: 57.32 %
- Debt to equity: 0.24
- Price to book value: 0.64
The first products selected and successfully developed were Aircraft batteries – eventually leading to HBL offering the world’s widest range of specialized batteries. HBL power systems is 4th in the list of top Battery Manufacturing Company in India.
3. Eveready Industries India Ltd
The company is an undisputed market leader in the batteries segment, commanding over 50% of India’s market share, and holding 75% of India’s organized flashlights market.
- Revenue: Rs 1,419 Cr
- Market Cap: 462.97 Cr.
- ROE: 16.95 %
- Sales Growth (3Yrs): 4.41 %
- Promoter holding: 27.40 %
- Debt to equity: 0.91
- Price to book value: 1.15
The Eveready journey started in India in 1905 while the company got incorporated in 1934, and became a part of the Williamson Magor Group in 1993. Throughout, The company has maintained a focus on deepening penetration into existing markets, foraying into new markets and catering to evolving customer requirements by increasing efficiency of existing products and adding new products to the product portfolio.
2. Amara Raja Batteries Ltd
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 the 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.
- Revenue: Rs 6,825 Cr
- Market Cap: 13,428 Cr.
- ROE: 15.38 %
- Sales Growth (3Yrs): 13.73 %
- Promoter holding: 28.06 %
- Debt to equity: 0.02
- Price to book value: 3.74
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®.
1. Exide Industries Ltd
EIL today is India’s largest storage battery company with widest range of both conventional flooded as well as the latest VRLA batteries. Apart from serving the domestic market the company exports batteries which have captured niches in South East Asian and European markets.
- Revenue: Rs 15,258 Cr
- Market Cap: 15,474 Cr.
- ROE: 13.39 %
- Sales Growth (3Yrs): 15.81 %
- Promoter holding: 45.99 %
- Debt to equity: 0.03
- Price to book value: 2.38
Exide designs, manufactures, markets and sells the widest range of lead-acid storage batteries in the world from 2.5Ah to 20,600Ah capacity, to cover the broadest spectrum of applications. Using the latest technological inputs, The company manufactures batteries for the automotive, power, telecom, infrastructure projects, computer industries, as well as the railways, mining and defense sectors.
As a leader in packaged power technology, Exide batteries is the best and today is India’s largest storage battery company with widest range of both conventional flooded as well as latest VRLA batteries.
Amara Raja Batteries is Indian Battery Company that build a lithium-ion assembly plant as it seeks to grab a slice of the market for electric vehicle power packs that is set to grow to $300 billion by 2030.
Exide Industries Limited is the Biggest battery Manufacturers in India based on the Market share and the Turnover.
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