Eveready Industries, in the next 2-3 years, is planning to become a debt free company. It is planning to sell some off land parcels to clear the debt. But since the land prices are on the softer side the company has put the plans on hold. Currently, the company has debt of little more than Rs 200 crore.
Eveready Industries has restructured its French subsidiary - Uniross, which is the part of cost cutting initiatives of the company. The company expects Uniross to break-even this year but with the crisis in Europe it is not too sure.
Eveready has an 80 percent controlling stake in Novenor SAS, France, which in turn controls Uniross SA, a French company which along with its subsidiaries is engaged in the manufacturing and marketing rechargeable batteries and allied products, having a presence in several parts of the world. The subsidiary was facing serious problem when it was acquired a couple of years back with a view to beefing up presence in the export markets.
Eveready Industries India engages in the manufacture and sale of dry cell batteries and flashlights in India and internationally. The company offers carbon zinc batteries, rechargeable batteries, alkaline batteries, and dry cell batteries under the Eveready, Powercell, and Shakti names.
Company Name | CMP |
---|---|
Exide Inds | 499.30 |
Amara Raja Energy | 1189.75 |
HBL Power Sys | 501.45 |
Eveready Inds. India | 331.95 |
Indo-National | 588.00 |
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