Is Eveready Industries India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Eveready Industries India Ltd is a good quality company .

Is Eveready Industries India undervalued or overvalued?

The key valuation ratios of Eveready Industries India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Eveready Industries India share price return in the past 10 years?

Eveready Industries India Ltd share price has appreciated 8.2% annually (CAGR) over the past ten years.

Is Eveready Industries India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Eveready Industries India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Eveready Industries India?

The latest standalone P/E ratio of Eveready Industries India as of 21-Nov-2024 is 36.85.

What is the P/B ratio of Eveready Industries India?

The latest standalone P/B ratio of Eveready Industries India as of 21-Nov-2024 is 6.38.

What is the 52-week high and low of Eveready Industries India?

The 52-week high of Eveready Industries India is Rs. 504.90 and the 52-week low is Rs. 295.00.

Eveready Industries India Ltd - Stock Valuation and Financial Performance

Name: Eveready Industries India
Brand: Eveready Industries India

BSE: 531508 | NSE: EVEREADY | Batteries | Small Cap

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Eveready Inds. India Share Price

₹373.05 -8.55 -2.24%
as on 21-Nov'24 16:59

10 Year X-Ray of Eveready Inds. India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	11.5%	18.5%	28.1%	18.9%	16.5%	33.9%	-54.1%	14.5%	13.5%	16.6%	-
Value Creation Index ⓘ	-0.2	0.3	1.0	0.4	0.2	1.4	-4.9	0.0	0.0	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,279	1,324	1,357	1,456	1,507	1,221	1,249	1,207	1,328	1,314	1,298
Sales YoY Gr.	-	3.5%	2.5%	7.3%	3.5%	-19%	2.3%	-3.4%	10%	-1%	-
Adj EPS ⓘ	6.9	9.6	12.9	6.8	8.4	10	-42.6	6.4	3.8	9.3	10.4
YoY Gr.	-	39.1%	34.5%	-47.1%	23.9%	18.3%	-527.2%	NA	-40.7%	145.5%	-
BVPS (₹) ⓘ	85.9	28.4	39.8	47.2	51.7	76.4	33.7	39.9	44	53.2	60.2
Adj Net Profit ⓘ	50	69.6	93.6	49.5	61.3	72.6	-310	46.6	27.6	67.8	75
Cash Flow from Ops. ⓘ	71.7	125	82.1	80.8	70.1	133	173	134	36.6	154	-
Debt/CF from Ops. ⓘ	3.2	1.6	2.6	3.3	5.8	2.8	2.5	2.8	10.2	1.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	0.3%	-2.7%	1.7%	-1%
Adj EPS ⓘ	3.4%	2%	NA	145.5%
BVPSⓘ	-5.2%	0.6%	16.5%	21.1%
Share Price	8.2%	47.1%	4.3%	7.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.2	16.7	37.8	15.7	17.1	15.6	-77.4	17.4	9.1	19.2	18.3
Op. Profit Mgn % ⓘ	9.9	9.3	9.8	7.2	8	10.5	18.2	10	8.3	10.7	11.4
Net Profit Mgn % ⓘ	3.9	5.3	6.9	3.4	4.1	5.9	-24.8	3.9	2.1	5.2	5.8
Debt to Equity ⓘ	0.4	1	0.8	0.8	1.1	0.7	1.7	1.3	1.2	0.7	0.3
Working Cap Days ⓘ	105	111	122	151	193	278	216	144	138	144	72
Cash Conv. Cycle ⓘ	25	16	24	22	15	18	12	22	35	43	9

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.30%

Debt to equity has declined versus last 3 years average to 0.74

Sales growth has been subdued in last 3 years 1.71%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -3.52%

Latest Financials - Eveready Industries India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.4	10.4
TTM Sales (₹ Cr.)	1,298	1,298
BVPS (₹.) ⓘ	59.8	60.2
Reserves (₹ Cr.) ⓘ	398	401
P/BV ⓘ	6.38	6.34
PE ⓘ	36.85	36.80

From the Market
52 Week Low / High (₹)	295.00 / 504.90
All Time Low / High (₹)	4.75 / 504.90
Market Cap (₹ Cr.)	2,774
Equity (₹ Cr.)	36.3
Face Value (₹)	5
Industry PE ⓘ	31.7

Management X-Ray of Eveready Inds. India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.13

0.01

0.00

0.01

* Pledged shares as % of Promoter's holding (%)

Valuation of Eveready Inds. India

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Dividend History

Analyst's Notes

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Key Ratios of Eveready Inds. India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,279	1,324	1,357	1,456	1,507	1,221	1,249	1,207	1,328	1,314
Operating Expenses ⓘ	1,155	1,201	1,224	1,352	1,389	1,100	1,025	1,086	1,218	1,176
Manufacturing Costs	29	26	24	29	34	32	25	25	26	25
Material Costs	810	826	839	897	970	737	685	721	827	746
Employee Cost	113	130	144	168	157	149	143	148	147	160
Other Costs ⓘ	203	219	217	258	228	181	172	192	218	244
Operating Profit ⓘ	124	123	133	104	118	121	224	121	110	139
Operating Profit Margin (%)	9.7%	9.3%	9.8%	7.2%	7.8%	9.9%	17.9%	10.0%	8.3%	10.5%
Other Income ⓘ	4	8	10	20	43	47	7	5	9	5
Interest ⓘ	34	31	24	29	55	71	52	48	57	32
Depreciation ⓘ	32	14	15	19	22	29	27	27	27	30
Exceptional Items ⓘ	0	0	0	0	-23	152	-630	0	0	0
Profit Before Tax ⓘ	62	86	105	76	60	219	-482	48	35	81
Tax ⓘ	13	17	11	22	12	41	-171	2	7	14
Profit After Tax	49	69	94	53	48	178	-312	46	28	67
PAT Margin (%)	3.8%	5.2%	6.9%	3.7%	3.2%	14.6%	-24.9%	3.9%	2.1%	5.1%
Adjusted EPS (₹)	6.7	9.5	12.9	7.3	6.6	24.5	-42.9	6.4	3.8	9.2
Dividend Payout Ratio (%)	0%	21%	8%	21%	0%	0%	0%	0%	0%	11%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	625	206	290	343	376	556	245	290	319	387
Share Capital ⓘ	36	36	36	36	36	36	36	36	36	36
Reserves ⓘ	588	170	253	306	340	519	209	254	283	350
Minority Interest	0	-0	-0	0	0	0	0	0	0	0
Debt	194	152	187	207	318	274	343	309	330	247
Long Term Debt	53	67	95	85	210	148	220	184	208	144
Short Term Debt	141	85	92	121	109	125	123	125	122	103
Trade Payables	197	201	220	308	259	181	178	161	167	169
Others Liabilities ⓘ	112	143	149	228	324	331	143	64	65	24
Total Liabilities ⓘ	1,127	702	846	1,086	1,278	1,341	909	824	882	826
Fixed Assets
Gross Block	1,326	236	363	405	412	427	437	447	472	482
Accumulated Depreciation	629	14	29	48	70	98	123	142	162	188
Net Fixed Assetsⓘ	696	222	334	357	343	329	314	305	310	293
CWIP ⓘ	28	22	6	3	5	3	3	4	1	8
Investmentsⓘ	0	0	0	0	7	5	1	0	8	8
Inventories	260	238	284	300	253	210	245	241	260	250
Trade Receivables	49	71	84	121	136	50	35	36	102	113
Cash Equivalents	7	7	6	6	7	11	87	53	7	8
Others Assetsⓘ	87	142	131	299	528	732	223	185	194	146
Total Assets ⓘ	1,127	702	846	1,086	1,278	1,341	909	824	882	826

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	72	125	82	81	70	133	173	134	37	154
PBT ⓘ	62	86	105	76	83	219	-482	48	35	81
Adjustment ⓘ	64	39	31	33	40	-92	730	98	76	53
Changes in Working Capital ⓘ	-44	16	-47	-4	-14	20	-22	-13	-71	10
Tax Paid ⓘ	-10	-16	-7	-23	-16	-14	-52	1	-3	11
Cash Flow From Investing Activity ⓘ	-30	-56	-68	-100	-145	-16	-105	-55	-19	-23
Capex	-32	-28	-106	-33	-74	137	-12	-11	-24	-34
Net Investments	0	0	0	0	-8	0	-12	5	4	3
Others ⓘ	3	-29	38	-67	-63	-153	-81	-48	0	8
Cash Flow From Financing Activityⓘ	-37	-80	-5	-37	76	-114	-4	-108	-59	-127
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	2	29	8	19	158	-38	51	-53	-9	-70
Interest Paid ⓘ	-36	-32	-23	-29	-56	-85	-42	-48	-38	-30
Dividend Paid ⓘ	-4	-7	-7	0	-11	0	0	0	0	0
Others ⓘ	1	-70	17	-27	-15	9	-12	-7	-12	-27
Net Cash Flow ⓘ	5	-11	9	-56	2	3	64	-29	-42	4

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	8.03	16.61	37.73	16.82	13.31	38.28	-77.84	17.37	9.06	18.91
ROCE (%)	11.48	18.5	28.14	18.86	16.48	33.9	-54.05	14.52	13.49	16.55
Asset Turnover Ratio	1.19	1.52	1.84	1.53	1.3	0.95	1.12	1.41	1.58	1.58
PAT to CFO Conversion(x)	1.47	1.81	0.87	1.53	1.46	0.75	N/A	2.91	1.32	2.3
Working Capital Days
Receivable Days	13	16	20	25	30	27	12	11	19	29
Inventory Days	70	65	67	72	66	68	66	73	68	69
Payable Days	82	88	92	107	107	109	95	86	72	82

Eveready Industries India Ltd Stock News

Eveready Industries India Ltd FAQs

What is the share price of Eveready Inds. India?

Company share prices are keep on changing according to the market conditions. The closing price of Eveready Inds. India on 21-Nov-2024 16:59 is ₹373.1.

What is the market cap of Eveready Inds. India?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Eveready Inds. India stood at ₹2,773.8.

What is the P/E ratio of Eveready Inds. India?

The latest P/E ratio of Eveready Inds. India as of 21-Nov-2024 16:59 is 36.85.

What is the P/B ratio of Eveready Inds. India?

The latest P/B ratio of Eveready Inds. India as of 21-Nov-2024 16:59 is 6.38.

What is the 52-week high and low of Eveready Inds. India?

The 52-week high of Eveready Inds. India is ₹504.9 and the 52-week low is ₹295.0.

What is the TTM revenue of Eveready Inds. India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eveready Inds. India is ₹1,298 ( Cr.) .

About Eveready Industries India Ltd

Eveready Industries India incorporated in 1934, is a well-known name in dry cell batteries segment. Erstwhile the company was a subsidiary of Union Carbide Corporation, US that later was acquired by B M Khaitan and the Williamson Magor group of companies.

Besides dry cell batteries, the company also manufactures flashlights (torches), mosquito repellant and packet tea.

In 1995, company formed a JV with Ralston Purina Overseas Battery Company of US to establish Energizer India- a private limited company that would be engaged in manufacturing of reowned Energizer brand of alkaline batteries in India. The same year, in order to develop rechargeable Ni-Cd and Ni-Mg batteries in India, company entered a MoU with Gold Peak Industries of Hong Kong.

In 1999-2000 the company established a new poly sleeve jacketed battery line at Camperdown Works in Calcutta.

Later company started manufacturing batteries for watches. In April 2004 Eveready Industries India was demerged into two separate companies namely McLeod Russel India and Eveready Industries India. Eveready has the second largest retail distribution network in India.

Later with an investment of Rs.60 crores company established a unit situated in Uttaranchal to manufacture of dry cell batteries with a capacity of 40 crore pieces per annum, this project became operational in 2006.

Today, the company is largest selling brand of dry cell batteries and flashlights (torches), commanding market shares of about 46% and 85% respectively in India.

Products

Dry Cell Batteries- Under this company manufactures carbon zinc batteries, rechargeable batteries and alkaline batteries. The company markets these batteries under the brand name 'Eveready'.

Flashlights- Eveready Industries is the largest manufacturer of flashlights in South Asia. Under this company has launched models namely A1, Spectra, Satin, Prakash, Delight, Vijeta, Tango, Cruiser, DL01, DL02 to name a few.

Tea-Company manufactures tea and markets the same under the brand name â€˜Tezâ€™.

Mosquito Repellent- Company manufactures mosquito repellent and markets it under brand name â€˜Poweronâ€™.

In the year 2007, the company entered into a sales and distribution tie-up with Phoenix Lamps for selling CFLs (Compact Fluorescent Lamps) under the brand name Eveready Halonix. Phoenix Lamps. This JV required an investment of US$ 40 million with 4 plants having a production capacity of over 130 million lamps a year.

New Development

Eveready Industries India plans to increase it product portfolio in future. The company is conducting test marketing of dishwash detergent and after successful completion it will launch the product.