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 16.6
  • Book Value 85.7
  • Dividend Yield 0.45 %
  • ROCE 17.2 %
  • ROE 27.0 %
  • 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.52.3 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

Consolidated Figures in Rs. Crores / View Standalone

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
286 364 365 305 281 349 363 334 299 374 387 367 327
285 320 319 280 255 300 315 304 273 320 338 334 299
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%
8 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 -19 30 31 10 9 35 35 16 12 36 -0 12 119
Tax % -25% 18% 18% 19% 9% 17% 16% 18% 14% 17% 1,740% 39% -19%
-14 25 25 8 8 29 30 13 10 30 -8 7 142
EPS in Rs -1.98 3.42 3.50 1.16 1.11 4.04 4.07 1.80 1.43 4.16 -1.09 1.02 19.50
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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 1,292
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: 8%
5 Years: -14%
3 Years: 76%
TTM: 77%
Stock Price CAGR
10 Years: 3%
5 Years: 3%
3 Years: 4%
1 Year: 3%
Return on Equity
10 Years: 26%
5 Years: 20%
3 Years: 22%
Last Year: 27%

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 63
-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 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)
% ・Standalone data

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Total Retail Outlet Reach
Million outlets ・Standalone data
Number of Manufacturing Plants
Number ・Standalone data
Dry Cell Batteries Sold
Billion units
Flashlights Sold
Million units
LED Lights Sold
Million units
Alkaline Battery Market Share
% ・Standalone data
Electrical Channel Outlets (EOD)
Number ・Standalone data

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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