Date: 15-06-2009

Eveready Industries India (EIIL), the BM Khaitan Group flagship company, is buying out France’s rechargeable battery maker Uniross from CG Holding for e10 million (Rs 60 crore approx). This is EIIL’s first overseas acquisition in the offshore battery turf.

The Khaitans have entered into a term sheet agreement with Paris-based CG Holding on Thursday to acquire a controlling bloc of some 80% in Uniross. CG Holding is the parent company of Uniross. As per the agreement, Uniross will issue fresh company shares in favour of EIIL and help the latter buy at least 80% in Uniross. Post-issuance of shares, CG Holdings’ stake in Uniross will get diluted to 20% from the existing 65% holding.

The deal will, however, be subject to compliance with legal, accounting, commercial, tax and other due diligence of Uniross and its subsidiary or group companies, receipt of all necessary regulatory approvals as well as finalisation and execution of the definitive legal and binding agreements, including shareholders agreements.

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Latest Financials

Latest Financials

 - Eveready Industries (India) Ltd.

  Standalone Consolidated
TTM EPS (Rs) 6.5 6.58
TTM Sales (Rs. Cr.) 1,458 1,507
BVPS (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
51.82 51.71
Reserves (Rs. Cr.)
The term reserve represents a part of shareholders' equity, except for basic share capital. Reserves are created from retained earnings and shareholders' contributions in the form of share premium etc.
340 340
P/BV
Price to Book Value is the ratio of stock's market value to its book value. It gives some idea of whether investors are paying too much for what would be left if the company went bankrupt immediately. To get high returns, it is advisable to invest in a company which satisfies all the criteria set by MoneyWorks4me and which has low price to book value ratio.
1.36 1.36
PE
It is the ratio of market price and earnings per share. It shows what the market is willing to pay for the company's earnings. To get high returns it is advisable to invest in the company which satisfies all the criteria set by MoneyWorks4me and which has low price to earnings ratio as compared to the industry.
10.81 10.68
From the Market
52 Week High / Low (Rs) 270.05/66.65
All Time High / Low (Rs) 465.00/4.75
Volume Traded 4,496
Market Cap (Rs. Cr.) 511
Equity (Rs. Cr.) 36.34
Face Value (Rs) 5
Industry PE
Industry price to earnings per share tells on an average, what the market is willing to pay for overall earnings in that industry. It can be used as a benchmark price to earnings ratio for the companies in that industry.
19.45
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