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 ₹ 2,331 Cr.
- Current Price ₹ 321
- High / Low ₹ 475 / 260
- Stock P/E 15.9
- Book Value ₹ 85.7
- Dividend Yield 0.47 %
- 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.
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 | 1,292 | |
| 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: | 1% |
| 3 Years: | 0% |
| 1 Year: | -1% |
| 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 |
|
|||||||||||
| 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
Documents
Announcements
-
General Updates
2d - Patiala House Court order dated May 15, 2026; damages to UCO Bank estimated at Rs. 7.11 crore.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 May - Eveready to attend Centrum’s Nakshatra III virtual group meet on 21 May 2026, 10:00–11:00 AM.
-
Communication To Shareholders - Intimation On Tax Deduction On Dividend
12 May - Board recommended Rs 2.50 dividend for FY26; shareholders must submit TDS documents by July 31, 2026.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 May - Transcript of the Earnings Conference Call for Q4FY26 held on 30th April 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 May - Newspaper Publication w.r.t. the audited (standalone and consolidated) Financial Results of the Company for the quarter and financial year ended 31st March 2026
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
Concalls
-
May 2026Transcript PPT REC
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
-
May 2025TranscriptPPT
-
Feb 2025TranscriptPPT
-
Nov 2024TranscriptPPT
-
Aug 2024TranscriptPPT
-
May 2024TranscriptPPTREC
-
Feb 2024TranscriptPPT
-
Nov 2023TranscriptPPT
-
Aug 2023TranscriptPPT
-
May 2023TranscriptPPT
-
Feb 2023TranscriptPPT
-
Nov 2022TranscriptPPT
-
Nov 2022TranscriptPPT
-
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]