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 ₹ 2,570 Cr.
- Current Price ₹ 354
- High / Low ₹ 475 / 260
- Stock P/E 16.2
- Book Value ₹ 85.1
- Dividend Yield 0.70 %
- ROCE 17.3 %
- ROE 18.5 %
- 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.57.1 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,279 | 1,324 | 1,355 | 1,456 | 1,458 | 1,211 | 1,249 | 1,207 | 1,328 | 1,314 | 1,344 | 1,455 | 1,488 | |
| 1,155 | 1,202 | 1,222 | 1,351 | 1,335 | 1,089 | 1,021 | 1,086 | 1,218 | 1,173 | 1,191 | 1,291 | 1,317 | |
| Operating Profit | 124 | 122 | 134 | 105 | 123 | 122 | 228 | 120 | 110 | 141 | 152 | 164 | 171 |
| OPM % | 10% | 9% | 10% | 7% | 8% | 10% | 18% | 10% | 8% | 11% | 11% | 11% | 12% |
| 4 | 8 | 9 | 20 | 12 | 198 | -628 | 5 | 1 | 2 | 1 | 52 | 57 | |
| Interest | 34 | 30 | 23 | 29 | 54 | 70 | 52 | 48 | 57 | 32 | 26 | 19 | 16 |
| Depreciation | 32 | 14 | 15 | 19 | 22 | 29 | 27 | 27 | 27 | 30 | 30 | 30 | 30 |
| Profit before tax | 62 | 86 | 105 | 77 | 59 | 220 | -480 | 49 | 27 | 81 | 98 | 167 | 181 |
| 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 | 178 | |
| 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 | 24.48 |
| 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: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -21% |
| 3 Years: | 72% |
| TTM: | 78% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 1% |
| 3 Years: | -2% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 17% |
| 3 Years: | 19% |
| Last Year: | 19% |
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 2017 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Dry cell battery market share % |
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| Retail outlet reach million outlets |
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| Alkaline battery market share % |
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| Alkaline share of battery business revenue % |
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| Dry cell batteries sold million units |
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| Alkaline battery annual production capacity million units |
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Extracted by Screener AI
Documents
Announcements
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ESG Rating Assigned By Crisil ESG Ratings & Analytics Limited
- CRISIL ESG Ratings assigned Eveready an ESG score of 58 based on FY26 disclosures.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Transcript of the Earning Conference call for Q1FY27 held on 10th August 2026
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Q1FY27 earnings conference call audio recording available on company website.
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
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Annual Report 2012
from nse
Concalls
-
Aug 2026Transcript PPT REC
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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[1][2]
The company offers products under brand names including Eveready, Powercell, and Uniross:
Batteries: Dry cell & rechargeable
Lighting: Flashlights, lanterns, LED bulbs & luminaires
Home Appliances: Small home appliances