10 Best Electric Battery Stocks in India 2025

Introduction

Whenever I talk to investors about future opportunities in the stock market, one theme that always comes up is electric battery stocks in India. The shift toward electric vehicles, renewable energy storage, and green technology is not just a trend anymore—it’s a full-blown transition.

As someone who spends hours each day studying market movements at Samco Securities, I’ve seen how quickly investor interest in this space has grown. The story is simple: India wants to cut its oil import bill, move towards sustainability, and capture a share of the booming EV market. And at the center of all this lies one crucial component—the battery.

That’s why best electric battery stocks in India 2025 are on every investor’s radar. These companies aren’t just making cells; they are shaping the country’s energy future. From traditional lead-acid battery makers pivoting toward lithium-ion to chemical giants investing in EV supply chains, the landscape is vast and exciting.

Before diving deep, let me first show you the snapshot of key players. This table is like my cheat sheet whenever I evaluate the sector—it gives me a quick glance at fundamentals, market cap, and valuation ratios.

10 Best Electric Battery Stocks in India 2025

1. Amara Raja Energy & Mobility Ltd. – EV-ready battery maker

Whenever I look at Amara Raja, I see a company that has already made its mark in traditional lead-acid batteries but is steadily shifting gears towards lithium-ion technology. This transition is crucial because EV adoption is no longer a “maybe” in India—it’s happening, and it needs modern batteries.

The company’s fundamentals show resilience. With a market cap of ₹17,526 Cr and an EPS of ₹47.01, it enjoys strong profitability. Even though the stock has corrected from its 52-week high of ₹1610, it still trades with a healthy PE of 20.37.

What I personally track here is its pivot into partnerships with global players for lithium battery manufacturing. Amara Raja isn’t just sticking to automotive batteries—it’s diversifying into industrial energy storage solutions too. In the story of India’s EV growth, this stock often shows up as one of the core enablers.

2. Eveready Industries India Ltd. – Legacy brand with modern energy push

Growing up, “Give me an Eveready battery” was almost like asking for the category itself. That brand recall is priceless. But as an analyst, what interests me is how this company is navigating the new energy era.

With a market cap of ₹2,991 Cr and an EPS of ₹11.46, Eveready might look small compared to giants like Exide. But its PE ratio of 35.90 signals how the market values its potential. The company has also been working on streamlining operations and cutting down debt, which investors like me always watch closely.

The real challenge? Moving beyond its traditional image of torch and remote batteries into higher-value segments. If Eveready cracks that transition, it could keep itself relevant even in the EV world. That’s why it makes the list of best electric battery stocks in India to track.

3. Exide Industries Ltd. – Market leader adapting to EV transition

If I had to name the single most recognized electric battery stock in India, it would be Exide. This company dominates in lead-acid batteries and has decades of distribution experience.

Today, the story is about how Exide is preparing for the future. With a market cap of nearly ₹32,000 Cr, Exide is investing aggressively in lithium-ion giga factories. The EPS at ₹9.98 may look modest, but the PE ratio of 37.69 reflects future expectations.

What keeps me hooked on Exide’s journey is the balance it’s trying to strike—milking the stable lead-acid business while making big bets on EV batteries. For investors exploring best electric battery stocks in India 2025, Exide remains a front-row name.

4. HBL Engineering Ltd. – Specialized energy solutions

HBL isn’t your household battery brand, but when I look deeper, it stands out for its niche solutions—industrial batteries, defense applications, and even railways. That makes it more than just a “battery company.”

With a market cap of ₹21,445 Cr and ROCE of 33.76%, HBL shines on capital efficiency. The stock trades at a PE of 63.06, which is high, but that’s the premium investors are willing to pay for specialized products.

In India’s battery story, companies like HBL bring diversification. They don’t just chase EVs; they support critical infrastructure. As a stock analyst, I find this angle fascinating—it spreads risk and opens up steady revenue streams.

5. High Energy Batteries (India) Ltd. – Defense and niche battery play

Here’s a company that doesn’t make the news every day, but whenever I dive into defense-related suppliers, High Energy Batteries pops up.

It has a modest market cap of ₹548 Cr, but what stands out is its focus on defense and aerospace-grade batteries. With an EPS of ₹14.76 and ROCE at 21.80%, it’s clearly generating returns despite operating in a very specialized space.

I often describe this as a “silent enabler.” While the buzz is around EVs, companies like this quietly serve high-tech sectors where reliability matters more than volume. That’s why it holds a place in the conversation on electric battery stocks in India.

6. Indo-National Ltd. (Nippo) – Consumer-focused battery maker

The name Nippo probably rings a bell if you’ve bought batteries for toys or remotes. But as a listed company, Indo-National has been going through its own challenges.

The numbers speak: negative EPS (-11.73) and ROCE at just 8.98%. This shows the financial stress the company is under. However, it still commands a 65% promoter holding, which signals strong insider confidence.

I don’t see Nippo in the EV race yet. But in consumer batteries, it remains relevant. For me, this is one of those battery stocks in India you keep on the watchlist, not necessarily because it’s a leader today, but because restructuring can create opportunities.

7. Indosolar Ltd. – Solar component maker with battery relevance

Indosolar isn’t exactly a pure battery company, but I’ve included it because the line between solar and batteries is blurring fast. Storage is what makes solar energy truly usable.

With a market cap of ₹1,650 Cr and impressive ROCE of 79.70%, this company shows potential. The promoter holding at 95% is another interesting signal—it means very little free float and strong insider stake.

When I think long term, energy storage for renewables will be as big a driver as EVs. That’s where Indosolar, though not a household name, deserves investor attention in the list of best electric battery stocks in India 2025.

8. Kabra Extrusiontechnik Ltd. – Battery tech enabler with EV segment

Kabra isn’t building the batteries you slot into your EV—but it’s making the machinery and technology that enables battery production. That’s a different, but equally valuable, position in the value chain.

With a market cap of ₹864 Cr and ROCE of 9.06%, it’s a mid-sized player. The PE ratio of 38.27 reflects optimism around its EV-focused division, Battrixx, which makes lithium-ion packs.

This is one of those battery-related stocks in India that sits in the picks-and-shovels category. If EV adoption grows, Kabra benefits automatically. That’s why I like tracking it.

9. Panasonic Appliances India Ltd. – Appliances + storage angle

Panasonic India may not scream “battery giant,” but its appliance business naturally links it to energy storage needs.

The challenge here is financials: negative EPS (-3.63) and negative ROE. That shows profitability pressure. However, with 74% promoter holding, the long-term commitment is intact.

In my view, this isn’t the front runner in India’s EV battery story. But as global brands often pivot quickly, I wouldn’t discount Panasonic making moves when demand scales.

10. Tata Chemicals Ltd. – Lithium-ion materials & energy storage

Now, here’s a stock I can’t ignore. Tata Chemicals is not a pure battery manufacturer, but it’s at the heart of India’s lithium-ion supply chain. Its research into cathode and electrolyte materials could give India a domestic edge.

With a market cap of ₹24,096 Cr, it’s one of the heavyweights in this list. The PE of 71.50 looks steep, but that’s because the market often pays a premium for futuristic bets.

For me, Tata Chemicals is like the bridge between India’s chemical expertise and the EV revolution. It’s a stock that connects the dots between raw material innovation and battery demand.

Why Electric Battery Stocks in India Are in Focus

Whenever I explain the sector to new investors, I boil it down to four big forces:

• EV adoption: From two-wheelers to buses, India is electrifying transport.

• Renewables: Solar and wind need large-scale storage.

• Government policy: Subsidies, FAME scheme, and PLI incentives for battery manufacturing.

• Global supply chains: India wants to reduce dependence on China for lithium cells.

That’s why electric battery stocks in India are drawing long-term money.

Factors I Personally Track Before Shortlisting

Not every battery stock is investment-ready. Here are the factors I personally tick off:

• Revenue growth in battery/energy segment.

• Debt-to-equity—a clean balance sheet is vital.

• R&D and partnerships in lithium-ion tech.

• Valuation multiples (PE, PB) relative to peers.

• Promoter holding and governance track record.

These filters help me cut through noise and focus on real opportunities.

Risks Investors Should Remember

It’s easy to get excited about EVs, but I always remind clients of risks:

• Raw material costs: Lithium, cobalt, nickel are volatile.

• Global competition: Chinese and Korean giants are years ahead.

• Policy changes: Subsidies may not last forever.

• Tech disruption: Solid-state batteries could shake up the landscape.

That’s why even the best electric battery stocks in India should be seen with patience and caution.

Long-Term Outlook

The future of India’s electric battery stocks is tied to two big stories: mobility and energy. EV sales are growing exponentially, but the bigger picture is energy storage for the renewable grid. Both trends give these companies a long runway.

When I step back, I see more than just stock prices. I see India’s energy independence being written in these numbers. And as an analyst, that excites me more than short-term rallies.

Conclusion

As I wrap this up, I want to leave you with one thought. When I look at best electric battery stocks in India 2025, I don’t just see balance sheets—I see the backbone of a cleaner, self-reliant future.

Amara Raja, Exide, Tata Chemicals, and others aren’t just names on a list. They’re part of India’s energy transformation story. As an investor, my job isn’t to predict which one will win tomorrow—it’s to understand the journey they’re on today.

And if you’re exploring opportunities in this sector, remember: it’s not about chasing hype. It’s about seeing the long road ahead and choosing the companies building that road.