Eveready Industries India Ltd

Eveready Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Eveready Industries India Ltd

₹ 372 -2.54%
21 Nov - close price
evereadyindustries.com BSE: 531508 NSE: EVEREADY
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]

Website BSE NSE
  • Market Cap ₹ 2,704 Cr.
  • Current Price ₹ 372
  • High / Low ₹ 505 / 295
  • Stock P/E 35.9
  • Book Value ₹ 59.8
  • Dividend Yield 0.27 %
  • ROCE 16.2 %
  • ROE 19.3 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 14.5%

Cons

  • Stock is trading at 6.22 times its book value
  • The company has delivered a poor sales growth of -2.05% over past five years.
  • Dividend payout has been low at 3.63% of profits over last 3 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.

Peer comparison

Sector: Dry cells Industry: Dry Cells

Part of BSE Allcap Nifty Total Market BSE SmallCap BSE Fast Moving Consumer Goods Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
357 326 241 335 376 330 286 364 365 305 281 349 362
301 285 277 293 333 306 285 320 319 280 255 300 315
Operating Profit 56 41 -36 42 43 24 1 44 46 25 26 50 48
OPM % 16% 12% -15% 13% 11% 7% 0% 12% 13% 8% 9% 14% 13%
1 2 1 0 0 0 0 3 0 0 -0 0 1
Interest 13 11 10 11 16 10 21 9 8 8 7 7 6
Depreciation 7 7 7 7 7 7 7 7 7 7 9 8 7
Profit before tax 38 25 -52 25 21 8 -27 30 31 10 9 35 35
Tax % 19% 4% -26% 14% 30% 28% -18% 18% 18% 19% 9% 17% 16%
31 24 -38 22 15 5 -22 25 25 8 8 29 30
EPS in Rs 4.26 3.26 -5.28 3.01 2.02 0.75 -3.01 3.42 3.50 1.15 1.11 4.04 4.06
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,035 1,153 1,279 1,324 1,355 1,456 1,458 1,211 1,249 1,207 1,328 1,314 1,298
970 1,063 1,155 1,202 1,222 1,351 1,335 1,089 1,021 1,086 1,218 1,173 1,150
Operating Profit 66 91 124 122 134 105 123 122 228 120 110 141 148
OPM % 6% 8% 10% 9% 10% 7% 8% 10% 18% 10% 8% 11% 11%
9 9 4 8 9 20 12 198 -628 5 1 2 1
Interest 40 41 34 30 23 29 54 70 52 48 57 32 28
Depreciation 35 42 32 14 15 19 22 29 27 27 27 30 31
Profit before tax -1 16 62 86 105 77 59 220 -480 49 27 81 90
Tax % -779% 18% 21% 19% 11% 29% 20% 18% -36% 4% 26% 17%
5 14 49 69 94 55 47 180 -309 47 20 67 75
EPS in Rs 0.70 1.87 6.75 9.50 12.88 7.53 6.50 24.70 -42.53 6.53 2.77 9.18 10.36
Dividend Payout % 0% 27% 0% 21% 0% 20% 0% 0% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: 1%
5 Years: -2%
3 Years: 2%
TTM: -4%
Compounded Profit Growth
10 Years: 22%
5 Years: 2%
3 Years: -40%
TTM: 122%
Stock Price CAGR
10 Years: 8%
5 Years: 47%
3 Years: 5%
1 Year: 7%
Return on Equity
10 Years: 22%
5 Years: 28%
3 Years: 14%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 36 36 36 36 36 36 36 36 36 36 36 36 36
Reserves 548 557 588 170 253 308 340 521 213 259 280 347 398
276 225 207 187 197 246 384 394 447 396 398 307 285
244 290 267 273 319 441 419 311 333 257 270 270 357
Total Liabilities 1,104 1,109 1,099 667 806 1,031 1,180 1,262 1,029 948 985 960 1,076
764 730 696 222 334 357 343 328 314 305 310 293 313
CWIP 9 14 28 22 6 3 5 3 3 4 1 8 5
Investments 0 1 3 3 3 3 10 10 10 10 10 10 10
332 363 372 420 462 669 822 920 702 629 663 649 749
Total Assets 1,104 1,109 1,099 667 806 1,031 1,180 1,262 1,029 948 985 960 1,076

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
64 94 89 116 90 81 75 110 172 135 37 149
-12 -7 -31 -56 -68 -101 -145 -16 -105 -55 -19 -23
-51 -90 -56 -71 -11 -35 71 -89 -4 -108 -59 -127
Net Cash Flow 1 -4 2 -11 11 -55 1 5 62 -28 -41 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 16 16 14 19 23 30 26 15 10 11 28 32
Inventory Days 117 122 117 105 124 121 100 106 131 122 115 122
Days Payable 102 110 98 93 105 132 101 93 96 83 76 82
Cash Conversion Cycle 31 28 34 31 42 19 25 28 45 49 67 72
Working Capital Days 6 7 17 17 21 35 55 126 -1 33 53 55
ROCE % 5% 6% 12% 19% 29% 19% 19% 16% 25% 14% 12% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
4.84% 4.90% 4.84% 43.21% 43.21% 43.21% 43.21% 43.21% 43.21% 43.20% 43.19% 43.19%
2.47% 3.34% 0.88% 0.87% 0.62% 0.44% 0.40% 0.48% 0.46% 3.60% 3.68% 3.92%
1.17% 1.59% 1.17% 1.65% 1.54% 2.42% 2.17% 2.93% 2.55% 2.66% 2.59% 2.61%
91.52% 90.18% 93.10% 54.26% 54.64% 53.92% 54.21% 53.39% 53.78% 50.54% 50.53% 50.28%
No. of Shareholders 58,83957,59156,18653,00750,85850,34649,59554,25658,52157,63966,00269,979

* 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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