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 ₹ 2,302 Cr.
- Current Price ₹ 317
- High / Low ₹ 475 / 260
- Stock P/E 15.8
- Book Value ₹ 85.1
- Dividend Yield 0.47 %
- ROCE 17.2 %
- ROE 27.1 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
Cons
- The company has delivered a poor sales growth of 3.09% over past five years.
- Tax rate seems low
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.52.2 Cr.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,279 | 1,324 | 1,355 | 1,456 | 1,458 | 1,211 | 1,249 | 1,207 | 1,328 | 1,314 | 1,344 | 1,455 | |
| 1,155 | 1,202 | 1,222 | 1,351 | 1,335 | 1,089 | 1,021 | 1,086 | 1,218 | 1,173 | 1,191 | 1,291 | |
| Operating Profit | 124 | 122 | 134 | 105 | 123 | 122 | 228 | 120 | 110 | 141 | 152 | 164 |
| OPM % | 10% | 9% | 10% | 7% | 8% | 10% | 18% | 10% | 8% | 11% | 11% | 11% |
| 4 | 8 | 9 | 20 | 12 | 198 | -628 | 5 | 1 | 2 | 1 | 52 | |
| Interest | 34 | 30 | 23 | 29 | 54 | 70 | 52 | 48 | 57 | 32 | 26 | 19 |
| Depreciation | 32 | 14 | 15 | 19 | 22 | 29 | 27 | 27 | 27 | 30 | 30 | 30 |
| Profit before tax | 62 | 86 | 105 | 77 | 59 | 220 | -480 | 49 | 27 | 81 | 98 | 167 |
| Tax % | 21% | 19% | 11% | 29% | 20% | 18% | -36% | 4% | 26% | 17% | 16% | -3% |
| 49 | 69 | 94 | 55 | 47 | 180 | -309 | 47 | 20 | 67 | 82 | 171 | |
| EPS in Rs | 6.75 | 9.50 | 12.88 | 7.53 | 6.50 | 24.70 | -42.53 | 6.53 | 2.77 | 9.18 | 11.33 | 23.56 |
| Dividend Payout % | 0% | 21% | 0% | 20% | 0% | 0% | 0% | 0% | 0% | 11% | 13% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | -14% |
| 3 Years: | 95% |
| TTM: | 77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 0% |
| 3 Years: | -1% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 19% |
| 3 Years: | 23% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | 588 | 170 | 253 | 308 | 340 | 521 | 213 | 259 | 280 | 347 | 422 | 582 |
| 207 | 187 | 197 | 246 | 384 | 394 | 447 | 396 | 398 | 307 | 312 | 202 | |
| 267 | 273 | 319 | 441 | 419 | 311 | 333 | 257 | 270 | 270 | 314 | 389 | |
| Total Liabilities | 1,099 | 667 | 806 | 1,031 | 1,180 | 1,262 | 1,029 | 948 | 985 | 960 | 1,084 | 1,209 |
| 696 | 222 | 334 | 357 | 343 | 328 | 314 | 305 | 310 | 293 | 304 | 276 | |
| CWIP | 28 | 22 | 6 | 3 | 5 | 3 | 3 | 4 | 1 | 8 | 81 | 176 |
| Investments | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 3 |
| 372 | 420 | 462 | 669 | 822 | 920 | 702 | 629 | 663 | 649 | 689 | 754 | |
| Total Assets | 1,099 | 667 | 806 | 1,031 | 1,180 | 1,262 | 1,029 | 948 | 985 | 960 | 1,084 | 1,209 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 89 | 116 | 90 | 81 | 75 | 110 | 172 | 135 | 37 | 149 | 130 | 83 | |
| -31 | -56 | -68 | -101 | -145 | -16 | -105 | -55 | -19 | -23 | -95 | 63 | |
| -56 | -71 | -11 | -35 | 71 | -89 | -4 | -108 | -59 | -127 | -36 | -146 | |
| Net Cash Flow | 2 | -11 | 11 | -55 | 1 | 5 | 62 | -28 | -41 | -0 | -1 | 0 |
| Free Cash Flow | 57 | 88 | -15 | 49 | 51 | 247 | 160 | 124 | 13 | 116 | 34 | 102 |
| CFO/OP | 80% | 108% | 73% | 99% | 74% | 102% | 98% | 111% | 37% | 98% | 97% | 53% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14 | 19 | 23 | 30 | 26 | 15 | 10 | 11 | 28 | 32 | 28 | 29 |
| Inventory Days | 117 | 105 | 124 | 121 | 100 | 106 | 131 | 122 | 115 | 122 | 143 | 134 |
| Days Payable | 98 | 93 | 105 | 132 | 101 | 93 | 96 | 83 | 76 | 82 | 102 | 94 |
| Cash Conversion Cycle | 34 | 31 | 42 | 19 | 25 | 28 | 45 | 49 | 67 | 72 | 68 | 69 |
| Working Capital Days | -18 | -3 | 2 | 9 | 34 | 87 | -39 | -25 | 6 | 14 | 18 | 33 |
| ROCE % | 12% | 19% | 29% | 19% | 19% | 16% | 25% | 14% | 12% | 16% | 17% | 17% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Overall Battery Market Share (Volume/Value) % |
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| Total Retail Outlet Reach Million outlets |
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| Number of Manufacturing Plants Number |
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| Dry Cell Batteries Sold Billion units |
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| Flashlights Sold Million units |
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| LED Lights Sold Million units |
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| Alkaline Battery Market Share % |
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| Electrical Channel Outlets (EOD) Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 - Commencement Of Commercial Production Of Alkaline Battery Manufacturing Facility At Jammu
1d - Eveready commenced commercial production at its alkaline battery facility in Jammu on 29 May 2026.
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Updates
25 May - State GST officer issued DRC-07 penalty order of Rs.12,66,202 on 24 May 2026 for e-way bill error.
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General Updates
23 May - Eveready filed a Delhi High Court writ; interim stay granted on Patiala House order regarding UCO Bank Building, New Delhi.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Secretarial Compliance Report for FY ended March 31, 2026 filed under SEBI regulations.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
22 May - Newspaper Publication - Special Window for Re-lodgement of Transfer Deed of Physical Shares & 100 Days Campaign on Saksham Niveshak
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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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]