Eveready Industries India Ltd

Eveready Industries India Ltd

₹ 335 2.51%
30 Apr - 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 2,435 Cr.
  • Current Price 335
  • High / Low 475 / 260
  • Stock P/E 16.7
  • Book Value 85.1
  • Dividend Yield 0.45 %
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
286 364 365 305 281 349 362 333 299 374 386 367 327
285 320 319 280 255 300 315 304 273 320 337 334 299
Operating Profit 1 44 46 25 26 50 48 29 26 54 49 33 28
OPM % 0% 12% 13% 8% 9% 14% 13% 9% 9% 14% 13% 9% 9%
0 3 0 0 -0 0 1 0 0 -5 -37 -9 103
Interest 21 9 8 8 7 7 6 7 6 6 5 5 4
Depreciation 7 7 7 7 9 8 7 7 8 7 7 7 9
Profit before tax -27 30 31 10 9 35 35 16 12 36 -1 12 119
Tax % -18% 18% 18% 19% 9% 17% 16% 18% 14% 17% 1,290% 39% -19%
-22 25 25 8 8 29 30 13 10 30 -8 7 142
EPS in Rs -3.01 3.42 3.50 1.15 1.11 4.04 4.06 1.80 1.44 4.15 -1.11 1.01 19.50
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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% 8%
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: 3%
3 Years: 4%
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
Number of Manufacturing Plants
Number
Dry Cell Batteries Sold
Billion units
Flashlights Sold
Million units
LED Lights Sold
Million units
Alkaline Battery Market Share
%
Electrical Channel Outlets (EOD)
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
43.21% 43.21% 43.21% 43.20% 43.19% 43.19% 43.19% 43.19% 43.19% 43.21% 43.21% 43.20%
0.40% 0.48% 0.46% 3.60% 3.68% 3.92% 4.21% 4.86% 4.96% 5.21% 5.05% 5.27%
2.17% 2.93% 2.55% 2.66% 2.59% 2.61% 2.77% 2.63% 2.51% 2.70% 2.76% 2.78%
54.21% 53.39% 53.78% 50.53% 50.53% 50.28% 49.82% 49.34% 49.35% 48.88% 48.99% 48.75%
No. of Shareholders 49,59554,25658,52157,63966,00269,97969,55569,21270,09765,37164,57162,473

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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