Eveready Industries India Ltd Stock Analysis

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

BSE Share Price 08-Feb-2023 10:13
319.15 -7.45 (-2.28%)

DeciZen - Make an Informed Decision on Eveready Inds. India

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Eveready Inds. India Price Chart

P/E Ratio ( CD) :
108.54
Market Cap :
2,374 Cr.
52-wk low :
268
52-wk high :
393
Bole Toh?

1. Is Eveready Industries India Ltd a good quality company?

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

2. Is Eveready Industries India Ltd 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 Somewhat overvalued zone.

3. Is Eveready Industries India Ltd a good buy now?

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

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Eveready Industries India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 3.8%4.4%8.8%14.5%24.2%12.6%14.3%14.3%-34.3%12.1%-
Value Creation Index -0.7-0.7-0.40.00.7-0.10.00.0-3.5-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0351,1531,2791,3241,3571,4561,5071,2211,2491,2071,278
YoY Gr. Rt. %-11.4%10.9%3.5%2.5%7.3%3.5%-19%2.3%-3.4%-
Adj EPS 0.61.16.99.612.96.88.410-42.66.43
YoY Gr. Rt. %-75%514.3%39.1%34.5%-47.1%23.9%18.3%-527.2%NA-
BVPS (₹) 80.481.785.928.439.847.251.776.433.739.945.1
Adj Net Profit 4.78.15069.693.649.561.372.6-31046.622
Cash Flow from Ops. 64.493.171.712582.180.870.1133173134-
Debt/CF from Ops. 4.32.43.21.62.63.35.82.82.52.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.7%-2.3%-7.1%-3.4%
Adj EPS 29.2%-13%-8.8%NA
BVPS -7.50-8.318.5
Share Price 31.2% -3.5% 70.7% 11.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0.91.48.216.737.815.717.115.6-77.417.47.1
Op. Profit Mgn % 6.47.99.99.39.87.2810.518.2105.7
Net Profit Mgn % 0.50.73.95.36.93.44.16-24.541.7
Debt to Equity 0.50.40.410.80.81.10.71.71.3-
Working Cap Days 1221071051111221511982852161440
Cash Conv. Cycle 313125162422172012220

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.10%

Sales growth has been subdued in last 3 years -7.13%

Net Profit has been subdued in last 3 years -8.76%

Debt to equity has increased versus last 3 years average to 1.28

Sales growth is not so good in last 4 quarters at 3.47%

Latest Financials - Eveready Industries India Ltd.

Standalone Consolidated
TTM EPS (₹) 3 3
TTM Sales (₹ Cr.) 1,278 1,278
BVPS (₹.) 45.7 45.1
Reserves (₹ Cr.) 296 291
P/BV 7.14 7.24
PE 108.52 108.54
From the Market
52 Week Low / High (₹) 268.00 / 393.00
All Time Low / High (₹) 4.75 / 465.00
Market Cap (₹ Cr.) 2,374
Equity (₹ Cr.) 36.3
Face Value (₹) 5
Industry PE 5.5

Management X-Ray of Eveready Inds. India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *34.343.130.130.130.130.130.130.130.010.01
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Eveready Inds. India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Eveready Industries India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Eveready Inds. India on 08-Feb-2023 10:13 is : 319.1.
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 08-Feb-2023 10:13 the market cap of Eveready Inds. India stood at ₹ 2,374.
The latest PE ratio of Eveready Inds. India as of 08-Feb-2023 10:13 is 108.5.
The latest PB ratio of Eveready Inds. India as of 08-Feb-2023 10:13 is 7.14
The 52-week high of Eveready Inds. India is ₹ 393.0 and the 52-week low is ₹ 268.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Eveready Inds. India is ₹ 1,278 ( 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 ‘Tez’.

Mosquito Repellent- Company manufactures mosquito repellent and markets it under brand name ‘Poweron’.

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.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now