Eveready Inds. India

₹333 -3.4 | 1%

WEBSITE BSE:531508 NSE : EVEREADY (I) 10 May, 16:01

Market Cap ₹2420 Cr.

Stock P/E 36.2

P/B 6.3

Current Price ₹333

Book Value ₹ 53.2

Face Value 5

52W High ₹441.6

Dividend Yield 0.3%

52W Low ₹ 306.9

Edit Ratio

Eveready Inds. India Research see more...

Overview Inc. Year: 1934Industry: Batteries

Eveready Industries India Ltd is engaged within the business of marketing of FMCG, along with dry cell batteries, rechargeable batteries, flashlights, packet tea and general lighting fixtures products. The Company additionally distributes a range of electric products. The Company's product portfolio includes Dry cell and rechargeable batteries underneath the logo names of Eveready, Powercell and Uniross; Flashlights and lanterns beneath the brand names of Eveready and Powercell; Packet tea underneath the brand names of Tez, Jaago and Premium Gold; LED bulbs and luminaires below the brand names of Eveready and Powercell; gadgets, inclusive of mobile power banks, rechargeable fans and radio, under the Eveready brand, and small domestic home equipment beneath the Eveready brand. The Company's manufacturing centres are in Chennai, Lucknow, Noida, Haridwar, Maddur and Kolkata, and it is supported by sales and distribution network across India.

Eveready Inds. India Share Price

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Peer Comparison

Eveready Inds. India Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	326	241	335	376	330	286	364	365	305	281
Other Income	2	1	0	1	0	8	3	0	0	-0
Total Income	328	242	336	376	330	294	366	365	305	281
Total Expenditure	285	277	293	333	306	285	320	319	280	255
Operating Profit	42	-35	43	43	24	9	47	46	25	25
Interest	11	10	11	16	10	21	9	8	8	7
Depreciation	7	7	7	7	7	7	7	7	7	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	25	-52	25	21	8	-19	30	31	10	9
Provision for Tax	1	-14	3	6	2	-5	6	6	2	1
Profit After Tax	24	-38	22	15	5	-14	25	25	8	8
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	24	-38	22	15	5	-14	25	25	8	8
Adjusted Earnings Per Share	3.3	-5.3	3	2	0.7	-2	3.4	3.5	1.2	1.1

Eveready Inds. India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1035	1153	1279	1324	1357	1456	1507	1221	1249	1207	1328	1315
Other Income	10	9	4	8	10	20	43	47	7	5	9	3
Total Income	1045	1162	1283	1331	1367	1476	1549	1268	1256	1211	1336	1317
Total Expenditure	970	1063	1155	1201	1224	1352	1389	1100	1025	1086	1218	1174
Operating Profit	75	99	128	130	143	124	161	168	231	125	119	143
Interest	40	41	34	31	24	29	55	71	52	48	57	32
Depreciation	35	42	32	14	15	19	22	29	27	27	27	30
Exceptional Income / Expenses	0	0	0	0	0	0	-23	152	-630	0	0	0
Profit Before Tax	-1	16	62	86	105	76	60	219	-482	48	35	80
Provision for Tax	-6	3	13	17	11	22	12	41	-171	2	7	15
Profit After Tax	5	14	49	69	94	53	48	178	-312	46	28	66
Adjustments	0	0	0	0	-0	0	0	0	0	0	0	0
Profit After Adjustments	5	14	49	69	94	53	48	178	-312	46	28	66
Adjusted Earnings Per Share	0.7	1.9	6.7	9.5	12.9	7.3	6.6	24.5	-42.9	6.4	3.8	9.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	10%	3%	-2%	3%
Operating Profit CAGR	-5%	-11%	-1%	5%
PAT CAGR	-39%	-46%	-12%	19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	6%	4%	31%	20%
ROE Average	9%	-17%	0%	8%
ROCE Average	13%	-9%	5%	10%

Eveready Inds. India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	584	593	625	206	290	343	376	556	245	290	319
Minority's Interest	0	0	0	-0	-0	0	0	0	0	0	0
Borrowings	83	46	53	67	95	85	210	148	220	184	208
Other Non-Current Liabilities	27	30	44	10	22	44	55	76	-99	-88	-75
Total Current Liabilities	419	451	405	420	440	614	637	561	543	438	429
Total Liabilities	1114	1121	1127	702	846	1086	1278	1341	909	824	882
Fixed Assets	764	730	696	222	334	357	343	329	314	305	310
Other Non-Current Assets	44	55	82	64	59	74	156	150	96	106	109
Total Current Assets	306	335	348	416	452	654	771	863	499	413	463
Total Assets	1114	1121	1127	702	846	1086	1278	1341	909	824	882

Eveready Inds. India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	4	4	1	-35	-46	-38	5	7	11	74	45
Cash Flow from Operating Activities	64	93	72	125	82	81	70	133	173	134	37
Cash Flow from Investing Activities	-12	-6	-30	-56	-68	-100	-145	-16	-105	-55	-19
Cash Flow from Financing Activities	-51	-90	-37	-80	-5	-37	76	-114	-4	-108	-59
Net Cash Inflow / Outflow	1	-3	5	-11	9	-56	2	3	64	-29	-42
Closing Cash & Cash Equivalent	4	1	7	-46	-38	-94	7	11	74	45	3

Eveready Inds. India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.7	1.87	6.73	9.5	12.87	7.31	6.58	24.53	-42.86	6.39	3.8
CEPS(Rs)	5.52	7.62	11.13	11.41	14.92	9.96	9.58	28.51	-39.11	10.17	7.57
DPS(Rs)	0	0.5	0	2	1	1.5	0	0	0	0	0
Book NAV/Share(Rs)	80.36	81.65	85.93	28.38	39.83	47.15	51.71	76.43	33.69	39.91	43.95
Core EBITDA Margin(%)	5.99	7.46	9.25	8.79	9.38	7.08	7.67	9.73	17.73	9.87	8.18
EBIT Margin(%)	3.64	4.74	7.16	8.35	9.04	7.11	7.46	23.2	-34.07	7.89	6.79
Pre Tax Margin(%)	-0.07	1.36	4.62	6.14	7.36	5.12	3.89	17.53	-38.19	3.96	2.58
PAT Margin (%)	0.47	1.12	3.65	4.95	6.58	3.6	3.11	14.29	-24.66	3.8	2.05
Cash Profit Margin (%)	3.68	4.56	6.04	5.95	7.63	4.91	4.54	16.61	-22.51	6.05	4.09
ROA(%)	0.44	1.22	4.35	7.55	12.09	5.5	4.05	13.62	-27.69	5.36	3.24
ROE(%)	0.94	2.31	8.03	16.61	37.73	16.82	13.31	38.28	-77.84	17.37	9.06
ROCE(%)	4.59	6.86	11.48	18.5	28.14	18.86	16.48	33.9	-54.05	14.52	13.49
Receivable days	17.75	13.99	13.34	15.64	19.83	25.29	30.49	27.26	12.4	10.6	18.72
Inventory Days	75.81	71.78	70.37	65.13	67.12	72.31	65.69	67.74	65.86	72.59	67.88
Payable days	85.28	75.5	81.81	87.88	91.54	107.44	106.76	108.9	95.44	85.66	72.42
PER(x)	23.91	24.44	38.69	24.37	20.4	50.88	29.28	2.03	0	52.35	76.02
Price/Book(x)	0.21	0.56	3.03	8.15	6.59	7.89	3.73	0.65	8.03	8.39	6.57
Dividend Yield(%)	0	1.09	0	0.86	0.38	0.4	0	0	0	0	0
EV/Net Sales(x)	0.38	0.48	1.65	1.42	1.56	2.03	1.2	0.59	1.84	2.28	1.86
EV/Core EBITDA(x)	5.25	5.59	16.52	14.39	14.78	23.87	11.22	4.29	9.99	21.95	20.78
Net Sales Growth(%)	-5.88	11.41	10.88	3.5	2.54	7.3	3.45	-18.95	2.28	-3.38	10.02
EBIT Growth(%)	180.9	45	66.59	21.37	10.25	-18.29	9.2	152.69	-248.68	122.42	-5.37
PAT Growth(%)	105.76	167.73	259.98	41.08	35.5	-43.16	-10.03	272.79	-274.73	114.92	-40.56
EPS Growth(%)	105.77	167.73	259.99	41.08	35.5	-43.16	-10.03	272.78	-274.73	114.92	-40.56
Debt/Equity(x)	0.47	0.38	0.36	0.97	0.75	0.77	1.09	0.66	1.73	1.28	1.17
Current Ratio(x)	0.73	0.74	0.86	0.99	1.03	1.07	1.21	1.54	0.92	0.94	1.08
Quick Ratio(x)	0.2	0.17	0.22	0.42	0.38	0.58	0.81	1.16	0.47	0.39	0.47
Interest Cover(x)	0.98	1.4	2.82	3.78	5.4	3.58	2.09	4.1	-8.27	2.01	1.61
Total Debt/Mcap(x)	2.27	0.68	0.12	0.12	0.11	0.1	0.29	1.02	0.22	0.15	0.18

Eveready Inds. India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.84	4.9	4.84	43.21	43.21	43.21	43.21	43.21	43.21	43.2
FII	2.47	3.34	0.88	0.87	0.62	0.44	0.4	0.48	0.46	3.6
DII	1.17	1.59	1.17	1.65	1.54	2.42	2.17	2.93	2.55	2.57
Public	91.52	90.18	93.1	54.27	54.63	53.92	54.21	53.38	53.78	50.63
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.35	0.36	0.35	3.14	3.14	3.14	3.14	3.14	3.14	3.14
FII	0.18	0.24	0.06	0.06	0.05	0.03	0.03	0.04	0.03	0.26
DII	0.09	0.12	0.09	0.12	0.11	0.18	0.16	0.21	0.19	0.19
Public	6.65	6.55	6.77	3.94	3.97	3.92	3.94	3.88	3.91	3.68
Others	0	0	0	0	0	0	0	0	0	0
Total	7.27	7.27	7.27	7.27	7.27	7.27	7.27	7.27	7.27	7.27

Pros

Debtor days have improved from 85.66 to 72.42days.

Cons

Promoter holding is low: 43.2%.
Company has a low return on equity of -17% over the last 3 years.
Stock is trading at 6.3 times its book value.
The company has delivered a poor profit growth of -11% over past five years.

* 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.

Eveready Inds. India News

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Eveready Inds. India

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Eveready Inds. India Research see more...

Overview Inc. Year: 1934Industry: Batteries

Eveready Inds. India Share Price

Alert Data

Quarterly Price

Peer Comparison

Eveready Inds. India Quarterly Results

Eveready Inds. India Profit & Loss

Growth Rates

Eveready Inds. India Balance Sheet

Eveready Inds. India Cash Flow

Eveready Inds. India Ratios

Eveready Inds. India Shareholding Pattern

Eveready Inds. India News

IPO

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