Eveready Industries India Ltd
Incorporated in 1934, Eveready Industries India Limited is one of the leading manufacturers of dry cell batteries in India and offers products such as batteries, flashlights, lighting solutions, and home appliances. [1]
- Market Cap ₹ 2,392 Cr.
- Current Price ₹ 329
- High / Low ₹ 475 / 272
- Stock P/E 31.8
- Book Value ₹ 64.5
- Dividend Yield 0.45 %
- ROCE 17.0 %
- ROE 19.6 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 15.8%
Cons
- The company has delivered a poor sales growth of 2.11% over past five years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,153 | 1,279 | 1,324 | 1,355 | 1,456 | 1,458 | 1,211 | 1,249 | 1,207 | 1,328 | 1,314 | 1,344 | 1,393 | |
| 1,063 | 1,155 | 1,202 | 1,222 | 1,351 | 1,335 | 1,089 | 1,021 | 1,086 | 1,218 | 1,173 | 1,191 | 1,235 | |
| Operating Profit | 91 | 124 | 122 | 134 | 105 | 123 | 122 | 228 | 120 | 110 | 141 | 152 | 157 |
| OPM % | 8% | 10% | 9% | 10% | 7% | 8% | 10% | 18% | 10% | 8% | 11% | 11% | 11% |
| 9 | 4 | 8 | 9 | 20 | 12 | 198 | -628 | 5 | 1 | 2 | 1 | -41 | |
| Interest | 41 | 34 | 30 | 23 | 29 | 54 | 70 | 52 | 48 | 57 | 32 | 26 | 23 |
| Depreciation | 42 | 32 | 14 | 15 | 19 | 22 | 29 | 27 | 27 | 27 | 30 | 30 | 29 |
| Profit before tax | 16 | 62 | 86 | 105 | 77 | 59 | 220 | -480 | 49 | 27 | 81 | 98 | 64 |
| Tax % | 18% | 21% | 19% | 11% | 29% | 20% | 18% | -36% | 4% | 26% | 17% | 16% | |
| 14 | 49 | 69 | 94 | 55 | 47 | 180 | -309 | 47 | 20 | 67 | 82 | 46 | |
| EPS in Rs | 1.87 | 6.75 | 9.50 | 12.88 | 7.53 | 6.50 | 24.70 | -42.53 | 6.53 | 2.77 | 9.18 | 11.33 | 6.28 |
| Dividend Payout % | 27% | 0% | 21% | 0% | 20% | 0% | 0% | 0% | 0% | 0% | 11% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 2% |
| 3 Years: | 4% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 10% |
| 3 Years: | 21% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 9% |
| 3 Years: | -1% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 31% |
| 3 Years: | 16% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | 557 | 588 | 170 | 253 | 308 | 340 | 521 | 213 | 259 | 280 | 347 | 422 | 433 |
| 225 | 207 | 187 | 197 | 246 | 384 | 394 | 447 | 396 | 398 | 307 | 312 | 357 | |
| 290 | 267 | 273 | 319 | 441 | 419 | 311 | 333 | 257 | 270 | 270 | 314 | 331 | |
| Total Liabilities | 1,109 | 1,099 | 667 | 806 | 1,031 | 1,180 | 1,262 | 1,029 | 948 | 985 | 960 | 1,084 | 1,157 |
| 730 | 696 | 222 | 334 | 357 | 343 | 328 | 314 | 305 | 310 | 293 | 304 | 303 | |
| CWIP | 14 | 28 | 22 | 6 | 3 | 5 | 3 | 3 | 4 | 1 | 8 | 81 | 128 |
| Investments | 1 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| 363 | 372 | 420 | 462 | 669 | 822 | 920 | 702 | 629 | 663 | 649 | 689 | 716 | |
| Total Assets | 1,109 | 1,099 | 667 | 806 | 1,031 | 1,180 | 1,262 | 1,029 | 948 | 985 | 960 | 1,084 | 1,157 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 94 | 89 | 116 | 90 | 81 | 75 | 110 | 172 | 135 | 37 | 149 | 130 | |
| -7 | -31 | -56 | -68 | -101 | -145 | -16 | -105 | -55 | -19 | -23 | -95 | |
| -90 | -56 | -71 | -11 | -35 | 71 | -89 | -4 | -108 | -59 | -127 | -36 | |
| Net Cash Flow | -4 | 2 | -11 | 11 | -55 | 1 | 5 | 62 | -28 | -41 | -0 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 14 | 19 | 23 | 30 | 26 | 15 | 10 | 11 | 28 | 32 | 28 |
| Inventory Days | 122 | 117 | 105 | 124 | 121 | 100 | 106 | 131 | 122 | 115 | 122 | 143 |
| Days Payable | 110 | 98 | 93 | 105 | 132 | 101 | 93 | 96 | 83 | 76 | 82 | 102 |
| Cash Conversion Cycle | 28 | 34 | 31 | 42 | 19 | 25 | 28 | 45 | 49 | 67 | 72 | 68 |
| Working Capital Days | -37 | -18 | -3 | 2 | 9 | 34 | 87 | -39 | -25 | 6 | 14 | 18 |
| ROCE % | 6% | 12% | 19% | 29% | 19% | 19% | 16% | 25% | 14% | 12% | 16% | 17% |
Documents
Announcements
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Update on board meeting
1d - Board meeting 5 Feb 2026 to approve Q3/9M results and consider ESOP adoption.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Jan - Q3 FY26 earnings conference call Feb 6, 2026 at 4:30 PM IST.
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Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended 31St December 2025
28 Jan - Board meeting on 5 Feb 2026 to approve unaudited results for quarter and nine months ended 31 Dec 2025.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 13 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jan - Compliance certificate under Reg 74(5) for quarter ended 31 Dec 2025; demat records sent.
Annual reports
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Financial Year 2025
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025TranscriptPPT
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Feb 2025TranscriptPPT
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Nov 2024TranscriptPPT
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Aug 2024TranscriptPPT
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May 2024TranscriptPPTREC
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
Products
The Company’s products include - Dry cell and rechargeable batteries under the brand names 'Eveready', 'Powercell' and 'Uniross'; 'Eveready' and 'Powercell' Flashlights and lanterns; 'Eveready' and 'Powercell' LED Bulbs and luminaires; 'Eveready' Small home appliances and Confectioneries under the brand name “Jollies”. [1]