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 ₹ 2,501 Cr.
- Current Price ₹ 344
- High / Low ₹ 475 / 260
- Stock P/E 25.0
- Book Value ₹ 85.7
- Dividend Yield 0.73 %
- ROCE 17.2 %
- ROE 18.5 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
Cons
- The company has delivered a poor sales growth of 3.11% over past five years.
- Tax rate seems low
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.51.9 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1,357 | 1,456 | 1,507 | 1,221 | 1,249 | 1,207 | 1,328 | 1,314 | 1,345 | 1,455 | |
| 1,155 | 1,201 | 1,223 | 1,352 | 1,382 | 1,100 | 1,024 | 1,088 | 1,218 | 1,173 | 1,192 | 1,291 | |
| Operating Profit | 124 | 123 | 134 | 104 | 124 | 121 | 225 | 119 | 110 | 141 | 153 | 164 |
| OPM % | 10% | 9% | 10% | 7% | 8% | 10% | 18% | 10% | 8% | 11% | 11% | 11% |
| 4 | 8 | 9 | 20 | 12 | 198 | -628 | 5 | 9 | 2 | 1 | 52 | |
| Interest | 34 | 31 | 24 | 29 | 55 | 71 | 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 | 76 | 60 | 219 | -482 | 48 | 35 | 81 | 99 | 167 |
| Tax % | 21% | 19% | 11% | 30% | 20% | 19% | -35% | 4% | 20% | 17% | 16% | -3% |
| 49 | 69 | 94 | 53 | 48 | 178 | -312 | 46 | 28 | 67 | 82 | 172 | |
| EPS in Rs | 6.73 | 9.50 | 12.87 | 7.31 | 6.58 | 24.53 | -42.86 | 6.39 | 3.80 | 9.19 | 11.34 | 23.60 |
| Dividend Payout % | 0% | 21% | 0% | 21% | 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: | 4% |
| 5 Years: | -21% |
| 3 Years: | 55% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | -1% |
| 3 Years: | -1% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 17% |
| 3 Years: | 19% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 306 | 340 | 519 | 209 | 254 | 283 | 350 | 425 | 587 |
| 228 | 200 | 216 | 264 | 408 | 394 | 447 | 396 | 398 | 307 | 312 | 202 | |
| 248 | 263 | 300 | 422 | 423 | 307 | 330 | 253 | 265 | 270 | 314 | 389 | |
| Total Liabilities | 1,101 | 669 | 805 | 1,029 | 1,207 | 1,256 | 1,022 | 939 | 983 | 963 | 1,088 | 1,214 |
| 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 | 0 | 0 | 0 | 0 | 7 | 5 | 1 | 0 | 8 | 8 | 8 | 0 |
| 376 | 425 | 465 | 668 | 853 | 919 | 704 | 630 | 664 | 654 | 695 | 761 | |
| Total Assets | 1,101 | 669 | 805 | 1,029 | 1,207 | 1,256 | 1,022 | 939 | 983 | 963 | 1,088 | 1,214 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 72 | 125 | 82 | 81 | 70 | 133 | 173 | 134 | 37 | 154 | 130 | 83 | |
| -29 | -56 | -68 | -100 | -145 | -15 | -106 | -55 | -19 | -23 | -95 | 64 | |
| -37 | -80 | -5 | -37 | 76 | -114 | -4 | -108 | -59 | -127 | -36 | -146 | |
| Net Cash Flow | 6 | -11 | 9 | -56 | 2 | 4 | 63 | -29 | -42 | 4 | -1 | 1 |
| Free Cash Flow | 39 | 97 | -24 | 48 | 46 | 270 | 161 | 122 | 12 | 120 | 34 | 102 |
| CFO/OP | 66% | 115% | 66% | 100% | 69% | 122% | 100% | 111% | 36% | 101% | 96% | 53% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 33 | 15 | 10 | 11 | 28 | 32 | 28 | 29 |
| Inventory Days | 117 | 105 | 124 | 121 | 95 | 104 | 131 | 122 | 115 | 122 | 143 | 134 |
| Days Payable | 89 | 88 | 96 | 124 | 98 | 89 | 95 | 81 | 74 | 82 | 102 | 94 |
| Cash Conversion Cycle | 42 | 36 | 50 | 27 | 30 | 30 | 46 | 51 | 69 | 72 | 68 | 69 |
| Working Capital Days | -18 | -3 | 2 | 9 | 33 | 87 | -38 | -24 | 7 | 14 | 18 | 33 |
| ROCE % | 11% | 18% | 28% | 18% | 19% | 15% | 25% | 14% | 13% | 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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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Jul - Newspaper Publication - Notice of 91st Annual General Meeting, e-Voting Information and Book Closure
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Letters To Shareholders - Annual Report FY 2025-26
17 Jul - Letters sent to non-registered email shareholders; 91st AGM on August 11, 2026.
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Business Responsibility and Sustainability Reporting (BRSR)
17 Jul - Eveready filed FY2025-26 BRSR, outlining ESG performance, governance disclosures, and minor GST penalties.
- Intimation Of Record Date For Payment Of Dividend On Equity Shares For The Financial Year 2025-26 17 Jul
- Reg. 34 (1) Annual Report. 17 Jul
Annual reports
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Financial Year 2026
from bse
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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
from bse
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Financial Year 2012
from nse
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]