Eveready Industries India Ltd (EVEREADY) AI Stock Analysis

• Market Cap: ₹29.68B
• Dividend Yield: 0.37%
• Average Volume (3M): 22.25K
• Price to Earnings (P/E): 35.6
• Beta (1Y): 0.78
• Revenue Growth: 5.32%
• EPS Growth: 16.91%
• Country: IN
• Employees: 1,972
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Electrical Equipment & Parts
• EPS (TTM): 4.16
• Shares Outstanding: 72,687,260
• 10 Day Avg. Volume: 19,867
• 30 Day Avg. Volume: 22,254
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹439.00
• Price Target Upside: 7.51% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: ₹439.00 ▲(7.51% Upside)

Eveready Industries' strong financial performance, characterized by robust revenue growth and profitability, is the most significant factor in the stock's evaluation. However, technical analysis indicates potential overbought conditions, and the valuation suggests the stock may be overvalued. These factors combined result in a moderate overall stock score.

Eveready Industries India Ltd Business Overview & Revenue Model

Company Description

Eveready Industries India Ltd (EVEREADY) is a leading company in the Indian market known for its extensive range of batteries, flashlights, and lighting solutions. With a rich heritage and deep market penetration, Eveready operates in the consumer goods sector, offering a variety of products that cater to both consumer and industrial needs. The company is widely recognized for its flagship brand, Eveready, which has become synonymous with reliable power solutions in India.

How the Company Makes Money

Eveready Industries India Ltd generates revenue primarily through the sale of its battery and flashlight products. The company's core revenue streams include the consumer and industrial segments, where it offers products like dry cell batteries, rechargeable batteries, and flashlights. A significant portion of its revenue is derived from the widespread distribution network that ensures product availability across urban and rural markets in India. Additionally, Eveready has strategic partnerships and collaborations with distributors and retailers, which further bolster its market presence and sales. The company also taps into the lighting solutions sector, contributing to its overall earnings by offering energy-efficient lighting products. These diversified product offerings and strong market reach are key factors in Eveready's revenue generation strategy.

Eveready Industries India Ltd Financial Statement Overview

Summary

Eveready Industries shows solid financial performance with consistent revenue growth, improved profitability, and a reasonable balance sheet. The company exhibits strong cash conversion, although the cash position needs strengthening for future growth.

Income Statement

Eveready Industries has demonstrated a strong revenue trajectory, with a notable revenue growth rate of 3.39% from 2024 to 2025. The gross profit margin stands at a solid 45.35%, and the net profit margin improved to 6.13% in 2025, indicating enhanced profitability. However, the EBIT margin is moderate at 9.13%, and there is room for improvement in operational efficiency.

Balance Sheet

The company has maintained a manageable debt-to-equity ratio of 0.68, reflecting a balanced approach to leveraging. The return on equity (ROE) has improved to 17.88%, showcasing effective utilization of shareholder funds. However, the equity ratio is moderate at 42.40%, suggesting a need for stronger asset financing through equity.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth rate, with a decrease from the previous year, and a free cash flow to net income ratio of 0.40. While the operating cash flow to net income ratio is robust at 1.57, indicating good cash conversion, the overall cash position could be strengthened to support future growth.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	13.45B	13.00B	11.96B	13.28B	12.37B
Gross Profit	6.10B	5.51B	4.71B	5.01B	5.47B
EBITDA	1.52B	1.43B	1.25B	1.19B	-4.00B
Net Income	824.40M	667.69M	464.70M	276.24M	-3.12B
Balance Sheet
Total Assets	10.88B	9.63B	9.39B	9.83B	10.16B
Cash, Cash Equivalents and Short-Term Investments	67.60M	75.76M	65.79M	397.10M	285.10M
Total Debt	3.12B	3.07B	3.96B	3.98B	4.41B
Total Liabilities	6.26B	5.76B	6.49B	6.63B	7.72B
Stockholders Equity	4.61B	3.87B	2.90B	3.19B	2.45B
Cash Flow
Free Cash Flow	332.00M	1.20B	1.22B	121.80M	1.61B
Operating Cash Flow	1.30B	1.54B	1.34B	365.90M	1.73B
Investing Cash Flow	-954.80M	-228.98M	-552.99M	-194.50M	-1.05B
Financing Cash Flow	-358.70M	-1.27B	-1.08B	-590.90M	-94.70M

Eveready Industries India Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 408.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EVEREADY, the sentiment is Positive. The current price of 408.35 is above the 20-day moving average (MA) of 407.33, above the 50-day MA of 359.25, and above the 200-day MA of 347.62, indicating a bullish trend. The MACD of 14.62 indicates Positive momentum. The RSI at 58.28 is Neutral, neither overbought nor oversold. The STOCH value of 29.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:EVEREADY.

Eveready Industries India Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	69 Neutral	€14.42B	20.25	8.89%	2.43%	-0.35%	-0.65%
DOLLAR	68 Neutral	₹21.04B	21.68		0.81%	12.55%	6.68%
STOVEKRAFT	64 Neutral	₹19.73B	48.37		0.42%	6.84%	19.29%
EVEREADY	62 Neutral	₹29.68B	35.63		0.37%	5.32%	16.91%
NIPPOBATRY	53 Neutral	₹3.50B	2.83		1.07%	-27.03%	1186.64%