Eveready Industries India Ltd

₹ 314 1.60%
May 20 - close price
About

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]

Key Points

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]

  • Market Cap 2,284 Cr.
  • Current Price 314
  • High / Low 413 / 255
  • Stock P/E 48.1
  • Book Value 40.6
  • Dividend Yield 0.00 %
  • ROCE 14.1 %
  • ROE 17.4 %
  • Face Value 5.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.35%

Cons

  • Stock is trading at 7.74 times its book value
  • The company has delivered a poor sales growth of -2.29% over past five years.
  • Promoter holding is low: 4.90%
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -39.20%

* 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.

Peer comparison

Sector: Dry cells Industry: Dry Cells

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
321 348 317 224 263 373 340 273 282 357 326 241
296 317 281 196 224 297 272 232 223 301 285 277
Operating Profit 25 32 36 29 40 76 68 41 59 56 41 -36
OPM % 8% 9% 11% 13% 15% 20% 20% 15% 21% 16% 12% -15%
7 17 100 74 12 11 11 -660 1 1 2 1
Interest 16 20 18 17 14 14 12 12 14 13 11 10
Depreciation 7 8 7 7 7 7 7 7 7 7 7 7
Profit before tax 9 21 111 79 30 65 61 -637 39 38 25 -52
Tax % 24% 13% 18% 19% 22% 11% 18% 31% 20% 19% 4% 26%
Net Profit 7 18 91 64 24 58 50 -441 31 31 24 -38
EPS in Rs 0.94 2.53 12.46 8.77 3.25 7.98 6.94 -60.70 4.29 4.26 3.26 -5.28

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
951 980 1,035 1,153 1,279 1,324 1,355 1,456 1,458 1,211 1,249 1,207
857 930 970 1,063 1,155 1,202 1,222 1,351 1,335 1,089 1,021 1,086
Operating Profit 95 51 66 91 124 122 134 105 123 122 228 120
OPM % 10% 5% 6% 8% 10% 9% 10% 7% 8% 10% 18% 10%
9 -69 9 9 4 8 9 20 12 198 -628 5
Interest 33 36 40 41 34 30 23 29 54 70 52 48
Depreciation 25 24 35 42 32 14 15 19 22 29 27 27
Profit before tax 46 -79 -1 16 62 86 105 77 59 220 -480 49
Tax % 15% -1% 779% 18% 21% 19% 11% 29% 20% 18% 36% 4%
Net Profit 39 -80 5 14 49 69 94 55 47 180 -309 47
EPS in Rs 5.42 -10.99 0.70 1.87 6.75 9.50 12.88 7.53 6.50 24.70 -42.53 6.53
Dividend Payout % 9% 0% 0% 27% 0% 21% 0% 20% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: -2%
3 Years: -6%
TTM: -3%
Compounded Profit Growth
10 Years: 26%
5 Years: -13%
3 Years: -8%
TTM: -86%
Stock Price CAGR
10 Years: 33%
5 Years: 0%
3 Years: 56%
1 Year: 2%
Return on Equity
10 Years: 18%
5 Years: 30%
3 Years: 37%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
36 36 36 36 36 36 36 36 36 36 36 36
Reserves 649 552 548 557 588 170 253 308 340 521 213 259
Borrowings 262 286 276 225 207 187 197 246 384 394 441 396
227 238 244 290 267 273 319 441 419 311 333 257
Total Liabilities 1,175 1,113 1,104 1,109 1,099 667 806 1,031 1,180 1,262 1,023 948
802 792 764 730 696 222 334 357 343 328 314 306
CWIP 14 11 9 14 28 22 6 3 5 3 3 3
Investments 41 0 0 1 3 3 3 3 10 10 10 10
318 309 332 363 372 420 462 669 822 920 696 629
Total Assets 1,175 1,113 1,104 1,109 1,099 667 806 1,031 1,180 1,262 1,023 948

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
83 51 64 94 89 116 90 81 75 110 172 135
-24 -29 -12 -7 -31 -56 -68 -101 -145 -16 -105 -55
-57 -26 -51 -90 -56 -71 -11 -35 71 -89 -9 -108
Net Cash Flow 2 -4 1 -4 2 -11 11 -55 1 5 57 -28

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 16 16 16 16 14 19 23 30 26 15 10 11
Inventory Days 115 121 117 122 117 105 124 121 100 106 131 122
Days Payable 76 82 81 79 98 93 105 132 101 93 96 83
Cash Conversion Cycle 56 55 52 58 34 31 42 19 25 28 45 49
Working Capital Days 19 22 26 19 26 31 29 49 77 155 22 -25
ROCE % 8% 4% 5% 6% 12% 19% 29% 19% 19% 16% 25% 14%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
42.17 30.83 27.39 22.99 22.16 7.26 4.92 4.77 4.77 4.84 4.84 4.90
18.64 14.96 8.36 3.98 3.94 2.20 2.04 2.17 2.15 2.21 2.47 3.34
6.50 11.81 11.71 0.70 1.96 0.55 0.55 0.75 1.35 1.43 1.17 1.59
32.70 42.40 52.54 72.33 71.94 89.99 92.49 92.30 91.72 91.52 91.52 90.18

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