EXIDEIND

P/E (TTM): 32–33x — moderate valuation relative to cyclical peers. • Forward P/E: 19–20x indicates expected earnings improvement ahead. • P/B: 1.8x — reasonable for an industrial consumer stock. • Dividend yield: Low (~0.6%). Interpretation: Valuation isn’t expensive by historical standards and appears cheaper on forward earnings, but long-term growth expectations are already priced in.