Eveready Industries India Ltd

₹ 344 -0.85%
05 Aug - 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 2,502 Cr.
  • Current Price 344
  • High / Low 413 / 255
  • Stock P/E 65.5
  • Book Value 39.9
  • Dividend Yield 0.00 %
  • ROCE 14.0 %
  • ROE 17.2 %
  • Face Value 5.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%

Cons

  • Stock is trading at 8.63 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.32% over past five years.
  • Promoter holding is low: 4.85%
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -37.3%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
331 348 317 224 263 373 340 273 282 357 326 241 335
306 317 282 196 223 298 274 233 224 301 285 277 293
Operating Profit 25 32 36 28 41 75 67 40 58 56 41 -36 42
OPM % 8% 9% 11% 12% 16% 20% 20% 15% 21% 16% 12% -15% 13%
8 16 100 74 12 11 11 -660 1 1 2 1 0
Interest 16 20 18 17 14 14 12 12 14 13 11 10 11
Depreciation 7 8 7 7 7 7 7 7 7 7 7 7 7
Profit before tax 9 21 111 78 32 64 60 -638 38 38 25 -52 25
Tax % 25% 13% 19% 19% 21% 11% 18% 31% 20% 19% 4% 26% 14%
Net Profit 7 18 90 63 25 57 49 -443 30 31 24 -38 22
EPS in Rs 0.95 2.49 12.41 8.68 3.44 7.87 6.71 -60.88 4.15 4.27 3.26 -5.28 3.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,074 1,100 1,035 1,153 1,279 1,324 1,357 1,456 1,507 1,221 1,249 1,207 1,260
1,005 1,058 970 1,063 1,155 1,201 1,223 1,352 1,382 1,100 1,024 1,088 1,157
Operating Profit 69 42 66 91 124 123 134 104 124 121 225 119 103
OPM % 6% 4% 6% 8% 10% 9% 10% 7% 8% 10% 18% 10% 8%
-7 -62 9 9 4 8 9 20 12 198 -628 5 4
Interest 35 38 40 41 34 31 24 29 55 71 52 48 44
Depreciation 33 29 35 42 32 14 15 19 22 29 27 27 27
Profit before tax -7 -87 -1 16 62 86 105 76 60 219 -482 48 36
Tax % -112% -1% 768% 18% 21% 19% 11% 30% 20% 19% 35% 4%
Net Profit -14 -88 5 14 49 69 94 53 48 178 -312 46 38
EPS in Rs -1.92 -12.11 0.70 1.87 6.73 9.50 12.87 7.31 6.58 24.53 -42.86 6.39 5.26
Dividend Payout % -26% 0% 0% 267% 0% 21% 0% 21% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -2%
3 Years: -7%
TTM: -1%
Compounded Profit Growth
10 Years: 18%
5 Years: -13%
3 Years: -9%
TTM: -88%
Stock Price CAGR
10 Years: 35%
5 Years: 3%
3 Years: 61%
1 Year: -12%
Return on Equity
10 Years: 18%
5 Years: 29%
3 Years: 36%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 574 471 548 557 588 170 253 306 340 519 209 254
343 372 276 225 228 200 216 264 408 394 447 396
308 291 244 289 248 263 300 422 423 307 330 253
Total Liabilities 1,261 1,170 1,104 1,108 1,101 669 805 1,029 1,207 1,256 1,022 939
871 795 764 730 696 222 334 357 343 328 314 305
CWIP 14 11 9 14 28 22 6 3 5 3 3 4
Investments 0 0 0 0 0 0 0 0 7 5 1 0
377 363 332 363 376 425 465 668 853 919 704 630
Total Assets 1,261 1,170 1,104 1,108 1,101 669 805 1,029 1,207 1,256 1,022 939

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
65 37 64 93 72 125 82 81 70 133 173 134
-16 -18 -12 -6 -29 -56 -68 -100 -145 -15 -106 -55
-56 -27 -51 -90 -37 -80 -5 -37 76 -114 -4 -108
Net Cash Flow -8 -8 1 -3 6 -11 9 -56 2 4 63 -29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 23 21 16 16 14 19 23 30 33 15 10 11
Inventory Days 111 118 117 122 117 105 124 121 95 104 131 122
Days Payable 85 87 81 79 89 88 96 124 98 89 95 81
Cash Conversion Cycle 49 52 52 59 42 36 50 27 30 30 46 51
Working Capital Days -11 1 6 7 22 20 27 39 59 126 -1 16
ROCE % 5% 3% 5% 6% 11% 18% 28% 18% 19% 15% 25% 14%

Shareholding Pattern

Numbers in percentages

3 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
30.83 27.39 22.99 22.16 7.26 4.92 4.77 4.77 4.84 4.84 4.90 4.84
14.96 8.36 3.98 3.94 2.20 2.04 2.17 2.15 2.21 2.47 3.34 0.88
11.81 11.71 0.70 1.96 0.55 0.55 0.75 1.35 1.43 1.17 1.59 1.17
42.40 52.54 72.33 71.94 89.99 92.49 92.30 91.72 91.52 91.52 90.18 93.10

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