Amara Raja Batteries Share Price Target 2025 to 2050

Amara Raja Batteries was listed on the NSE/BSE on September 5, 2003. Since listing, its stock has given a massive return of more than 7500%. Will Amara Raja Batteries continue to provide such great returns in 2025 and future years as well? Let’s explore Amara Raja Batteries’ growth potential and the Amara Raja Batteries share price target 2025 to 2050 in this article.

About Amara Raja Batteries

Amara Raja Batteries was established in 1985 and is one of the largest battery manufacturers in India. It manufactures batteries for automobiles, bicycles, and industrial applications. The company is well-known for its Amaron brand, which competes with Exide in the automotive battery market. Amara Raja also provides batteries for telecommunications, rail, and solar energy storage.

Amara Raja Batteries Business Model

1. Selling Automotive Batteries: Amara Raja Batteries manufactures and sells batteries for cars, motorcycles, trucks, and other vehicles under the brand name Amaron.
2. Selling Industrial Batteries: The company supplies batteries to telecom towers, power plants, railways, and other industries.
3. After-Sales Services: The company generates revenue through services such as battery installation, maintenance, and recycling.
4. Collaborations with Big Companies: Amara Raja has agreements with car manufacturers and telecom companies to supply batteries regularly.
5. Renewable Energy Solutions: The company is investing in new energy solutions such as lithium-ion batteries and energy storage systems, which will allow it to generate revenue in the future.
6. Recycling and Sustainability Initiatives: Amara Raja also makes money from recycling old batteries, reducing waste, and selling refurbished battery components.

Amara Raja Batteries Fundamental Analysis

Stock Name	Amara Raja Energy & Mobility Ltd.
NSE Symbol	ARE&M
Market Cap	₹ 18971 Cr.
52W High	₹ 1776
52W Low	₹ 805
Stock P/E	20.0
Book Value	₹ 395
Dividend Yield	1.94 %
ROCE	18.7 %
ROE	14.0 %
Face Value	₹ 1.00
Industry PE	25.8
Price to book value	2.62
Debt to equity	0.05
PEG Ratio	1.52
Quick ratio	0.69

Amara Raja Batteries Shareholding Pattern

Shareholders	March 2023	March 2024	March 2025
Promoters	28.06%	32.86%	32.86%
FIIs	36.19%	24.46%	20.71%
DIIs	9.21%	15.36%	14.59%
Public	26.55%	27.33%	31.86%
No. of Shareholders	4,71,435	5,63,871	8,62,059

Key Factors Driving Amara Raja Batteries’ Future Growth

1. Expansion into Lithium-Ion Technology: Amara Raja Batteries is transitioning from traditional lead-acid batteries to lithium-ion technology by investing in a 2 GWh lithium cell plant with plans to scale up to 4–6 GWh.
2. Strategic Partnerships for Advanced Cell Manufacturing: Amara Raja Batteries has signed a licensing agreement with Gotion-InoBat-Batteries to produce lithium-ion batteries in India, accessing Gotion’s lithium iron phosphate technology and integrating into their global supply chain.
3. Establishment of a Gigafactory in Telangana: Amara Raja Batteries is investing approximately ₹9,500 crore to set up a Gigafactory in Telangana with an aim of a lithium cell production capacity of up to 16 GWh and battery pack capacity of 5 GWh.
4. Collaboration with Electric Vehicle Manufacturers: Amara Raja Batteries is collaborating with Ather Energy to develop and supply NMC and LFP lithium-ion cells for two-wheeler battery packs which is manufactured locally at their upcoming Gigafactory.
5. Expansion into International Markets: Amara Raja Batteries is targeting international markets, particularly the West, Africa, the Middle East, and South East Asia, to penetrate Western markets soon.
6. Establishment of Advanced R&D Facilities: Amara Raja Batteries has created the Advanced Energy Research and Innovation Centre (AERIC) at GMR Aerospace Park. This centre will work on different cell chemistries and creating new materials and methods to make batteries work better.

Pros of Amara Raja Batteries

1. Low PE Ratio Compared to Peers: Amara Raja Batteries PE ratio is 20.0, which is lower than the industry average of 25.8, making it relatively undervalued and potentially a good investment opportunity.
2. Debt Free Company: Amara Raja Batteries is almost a debt-free company with a debt-to-equity ratio of 0.05, which shows its financial stability.

Cons of Amara Raja Batteries

1. Low Promoter Holding: Amara Raja Batteries promoter holding is 32.9%, which is relatively low. This may indicate low promoter confidence and less control over decision-making, allowing outside investors to have more influence.
2. Decrease in Institutional Confidence: DII’s have reduced their holding to 14.59% in March 2025 from 14.81% in December 2024 while FIIs have reduced their holding to 20.71% in March 2025 from 21.82% in December 2024, indicating a decline in institutional confidence in the company’s future growth prospects.

Amara Raja Batteries Ltd Balance Sheet

Particulars	March 2023	March 2024	Sept 2024
Equity Capital	17	18	18
Reserves	5,989	6,750	7,218
Borrowings	201	153	334
Other Liabilities	1,730	1,913	2,293
Total Liabilities	7,937	8,834	9,864
Fixed Assets	3,688	3,550	3,527
CWIP	234	322	631
Investments	486	1,479	2,222
Other Assets	3,529	3,483	3,483
Total Assets	7,937	8,834	9,864

Amara Raja Batteries Share Price Target 2025

By the end of 2025, the Amara Raja Batteries share price is expected to be around ₹1,300 to ₹1,600, driven by strong growth in the EV battery segment, strategic expansion into lithium-ion batteries, and favorable government policies supporting clean energy initiatives.

Amara Raja Batteries Share Price Target 2025	Rupees (₹)
1st Target	1300
2nd Target	1400
3rd Target	1600

Amara Raja Batteries Share Price Target 2026

In 2026, the Amara Raja Batteries share price is expected to be around ₹1650 in a normal situation. In a bear market, it might be ₹1550, and in a bull market, it may cross ₹2100.

Amara Raja Batteries Share Price Target 2026	Rupees (₹)
1st Target	1550
2nd Target	1650
3rd Target	2100

Amara Raja Batteries Share Price Target 2027

According to our analysis, the Amara Raja Batteries share price is expected to be around ₹2100 in 2027. In a bear market, it might be ₹1850, and in a bull market, it may cross ₹2700.

Amara Raja Batteries Share Price Target 2027	Rupees (₹)
1st Target	1850
2nd Target	2100
3rd Target	2700

Amara Raja Batteries Share Price Target 2028

According to our analysis, the Amara Raja Batteries share price may trade near ₹2600 by 2028; bearish conditions could pull it down to ₹2250, while a strong bull run might lift it to ₹3550.

Amara Raja Batteries Share Price Target 2028	Rupees (₹)
1st Target	2250
2nd Target	2600
3rd Target	3550

Amara Raja Batteries Share Price Target 2029

In a normal situation, the Amara Raja Batteries share price is projected to be approximately ₹3200 in 2029. In a bear market, the value may be as low as ₹2700, while in a bull market, it may rise to ₹4600.

Amara Raja Batteries Share Price Target 2029	Rupees (₹)
1st Target	2700
2nd Target	3200
3rd Target	4600

Amara Raja Batteries Share Price Target 2030

In 2030, if Amara Raja Batteries successfully expands its EV battery segment, increases export opportunities, and maintains strong financial performance, then the share price target of Amara Raja Batteries is projected to be approximately ₹3,600 in 2030. In a bear market, the value may be as low as ₹3,250, while in a bull market, it may rise to ₹5,950.

Amara Raja Batteries Share Price Target 2030	Rupees (₹)
1st Target	3250
2nd Target	3600
3rd Target	5950

Amara Raja Batteries Share Price Target 2035

By 2035, the Amara Raja Batteries share price is projected to be around ₹9500 under normal conditions. In adverse markets, the price could fall to ₹6500, while favorable conditions might push it up to ₹17,900.

Amara Raja Batteries Share Price Target 2035	Rupees (₹)
1st Target	6500
2nd Target	9500
3rd Target	17,900

Amara Raja Batteries Share Price Target 2040

Under normal conditions, the Amara Raja Batteries share price might hit ₹30,000 by 2040. A bearish trend could lower it to ₹13,000, whereas a bullish surge could raise it to ₹53,700.

Amara Raja Batteries Share Price Target 2040	Rupees (₹)
1st Target	13,000
2nd Target	30,000
3rd Target	53,700

Amara Raja Batteries Share Price Target 2050

In 2050, the Amara Raja Batteries share price is expected to be around ₹1,00,000 in a normal situation. In a bear market, it might be ₹52,000, and in a bull market, it may go up to ₹3,22,000.

Amara Raja Batteries Share Price Target 2050	Rupees (₹)
1st Target	52,000
2nd Target	1,00000
3rd Target	3,22,000

Quick Summary of Amara Raja Batteries Share Price Target 2025 to 2050

Years	Target Price
Amara Raja Batteries Share Price Target 2025	₹1300 to ₹1600
Amara Raja Batteries Share Price Target 2026	₹1550 to ₹2100
Amara Raja Batteries Share Price Target 2027	₹1850 to ₹2700
Amara Raja Batteries Share Price Target 2028	₹2250 to ₹3550
Amara Raja Batteries Share Price Target 2029	₹2700 to ₹4600
Amara Raja Batteries Share Price Target 2030	₹3250 to ₹5950
Amara Raja Batteries Share Price Target 2035	₹6500 to ₹17,900
Amara Raja Batteries Share Price Target 2040	₹13,000 to ₹53,700
Amara Raja Batteries Share Price Target 2050	₹52,000 to ₹3,22,000

Disclaimer

This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.

Also Read: Exide Industries Share Price Target 2025 to 2050