The research aims to study the fundamental analysis on the battery Industry in India. The fundamental Analysis of a business involves analyzing its financial health, competitive advantages its competitors and its market. Ever since Indian economy opened its doors to MNCs, the Indian battery sector has been witnessing bizarre changes in terms of new products and services and stiff competition as well. In the light of these recent developments, a careful analysis of profitability of Indian battery sector is inevitable. The present study attempts to analysis the profitability of the three major battery companies in India: of Exide, Amara raja and HBL. The study conducted among the top listed battery manufacturing companies such as Exide Industries, Amara raja Batteries and HBL Power Systems with the different variable to reveals their profitability position as wells as operational efficiency of battery industry in India. .the study brings out the comparative efficiency of Exide, amara raja and HBL.