Best Battery Stocks in August 2025 5yr CAGR Basis: Eveready Industries, Exide Industries & More

From powering everyday devices like TV remotes to fueling electric vehicles (EVs), batteries have become indispensable in modern life. With India rapidly adopting renewable energy and witnessing a surge in EV usage, the demand for efficient energy storage solutions is at an all-time high. The country’s lithium-ion battery market, valued at USD 573.07 million in 2023, is projected to grow at a robust CAGR of 38.7% between 2024 and 2030. In this article, check the best battery stocks in India in August 2025, based on various parameters.

Best Battery Stocks in India in August 2025 – 5yr CAGR Basis

Note: The best battery stocks in India listed here are as of July 25, 2025. The stocks are selected with a market cap of over ₹300 crore and sorted based on the 5yr CAGR.

Overview of the Best Battery Stocks in India

1. HBL Engineering Ltd

HBL Power System Ltd is involved in the manufacturing and services of various types of batteries, e-mobility, and other products. In FY 2025, the company’s total income was ₹1,99,328.85 lakh, which dropped from ₹2,25,126.30 lakh during the same period in the previous year. PAT was ₹26,257.18 lakh, slightly down from ₹26,265.62 lakh during the same period in the previous year.

Key Metrics:

• Return on Capital Employed (ROCE): 29.65%
• Return on Equity (ROE): 25.87%

2. Eveready Industries India Ltd

Eveready Industries India Limited is one of the well-known battery company stocks in India. The company reported revenues of ₹1,343.9 crore for FY25, marking a 2.3% year-on-year increase, while profit after tax rose by 23.5% year-on-year to ₹82.4 crore.

Key Metrics:

• ROCE: 19.18%
• ROE: 19.45%

3. Exide Industries Ltd

Exide Industries Ltd is mainly involved in the manufacturing of storage batteries and related products in India. The company’s standalone revenue from operations for FY25 stood at ₹16,588 crore, up from ₹16,029 crore in FY24, while profit after tax (PAT) rose slightly to ₹1,077 crore from ₹1,053 crore in the previous year.

Key Metrics:

• ROCE: 8.61%
• ROE: 5.93%

4. Indo National Ltd

Indo National is engaged in the manufacturing and marketing of batteries, torches, LED products, electrical accessories, mosquito bats, as well as razors and blades. In FY 2025, the company’s total income was ₹65,743.86 lakh, slightly rose from ₹65,070.84 lakh during the same period in the previous year. Profit was ₹12,194.61 lakh, rose from ₹1,463.84 lakh during the same period in the previous year.

Key Metrics:

• ROCE: 42.30%
• ROE: 3.59%

5. Amara Raja Energy & Mobility Ltd

Amara Raja Batteries Limited (ARBL) is the flagship company of the Amara Raja Group. The company is amongst the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. For the year ended March 31, 2025, the company reported revenue from operations of ₹12,405 crore, up from ₹11,260 crore in the previous year, while profit before tax stood at ₹1,299 crore compared to ₹1,211 crore in FY24.

Key Metrics:

• ROCE: 16.79%
• ROE: 13.32%

Best Battery Stocks in India in August 2025 – Net Profit Margin Basis

Note: The best battery stocks in India listed here are as of July 25, 2025. The stocks are selected with a market cap of over ₹300 crore and sorted based on the net profit margin.

Best Battery Stocks in India in August 2025 – Return on Investment Basis

Note: The best battery stocks in India listed here are as of July 25, 2025. The stocks are selected with a market cap of over ₹300 crore and sorted based on the return on investment.

Growth of the Indian Battery Sector

The Indian battery market is categorised by technology, such as lithium-ion, lead-acid, and other battery types, and by application, covering SLI batteries, industrial batteries (motive, stationary for telecom, UPS, and energy storage systems), portable batteries (consumer electronics), and automotive batteries (HEV, PHEV, and EV).

India’s battery market is projected to grow at a CAGR of 16.80%, rising from USD 7.20 billion in 2024 to a significantly higher value by 2029. Meanwhile, the country’s lithium-ion battery segment recorded revenue of USD 5,116.4 million in 2023 and is expected to surge to USD 30,860.6 million by 2032, registering a CAGR of 22.1% between 2024 and 2032. 

Also Read: Best Semiconductor Stocks in August 2025! 

Conclusion

Apart from the stocks mentioned above, there can be several other companies that are into battery manufacturing. It’s crucial to evaluate each company’s business model, financials, and long-term potential before making investment decisions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.