Eveready Industries India Ltd (EVEREADY) AI Stock Analysis

• Market Cap: ₹26.71B
• Dividend Yield: 0.41%
• Average Volume (3M): 17.15K
• Price to Earnings (P/E): 32.1
• Beta (1Y): 0.84
• Revenue Growth: 5.32%
• EPS Growth: 16.91%
• Country: IN
• Employees: 1,972
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Electrical Equipment & Parts
• EPS (TTM): 4.16
• Shares Outstanding: 72,687,260
• 10 Day Avg. Volume: 25,039
• 30 Day Avg. Volume: 17,153
• PEG Ratio: 1.15
• Price to Book (P/B): 4.83
• Price to Sales (P/S): 1.66
• P/FCF Ratio: 67.10
• 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: ₹380.00
• Price Target Upside: 3.42% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: ₹380.00 ▲(3.42% Upside)

The overall stock score is primarily influenced by solid financial performance, though technical analysis indicates bearish momentum. The valuation suggests the stock may be overvalued, and the low dividend yield offers limited income potential. Strengthening cash flows and improving technical indicators could enhance the stock's attractiveness.

Eveready Industries India Ltd Business Overview & Revenue Model

Company Description

Eveready Industries India Ltd (EVEREADY) is a leading manufacturer and marketer of batteries and flashlights in India. Established in 1905, the company has diversified its product portfolio to include a wide range of consumer products, such as rechargeable batteries, LED lighting solutions, and household products. EVEREADY operates primarily in the fast-moving consumer goods (FMCG) sector, focusing on providing reliable energy solutions and innovative lighting products to meet the demands of consumers across various segments.

How the Company Makes Money

Eveready generates revenue primarily through the sale of batteries, which include dry cells and rechargeable batteries, accounting for a significant portion of its income. The company also earns revenue from its diverse range of lighting products, including torches and LED lights. In addition to product sales, EVEREADY benefits from strategic partnerships with retail chains and distributors, enhancing its market reach. The company leverages its strong brand presence and extensive distribution network to drive sales, while also investing in marketing initiatives to promote new product launches and expand its customer base. Seasonal demand fluctuations, particularly during festivals and power outages, also contribute to revenue variations.

Eveready Industries India Ltd Financial Statement Overview

Summary

Eveready Industries shows solid financial performance with consistent revenue growth and improved profitability. The balance sheet is balanced with a manageable debt-to-equity ratio, and cash flow conversion is strong. However, there is room for improvement in operational efficiency and cash flow strength.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.69B	13.45B	13.00B	13.20B	11.96B	12.37B
Gross Profit	6.68B	6.10B	5.51B	5.01B	4.71B	5.47B
EBITDA	1.52B	1.52B	1.43B	1.19B	1.25B	-4.00B
Net Income	833.10M	824.40M	667.69M	276.24M	464.70M	-3.12B
Balance Sheet
Total Assets	0.00	10.88B	9.63B	9.83B	9.39B	10.16B
Cash, Cash Equivalents and Short-Term Investments	61.31M	61.31M	75.76M	397.10M	531.24M	870.53M
Total Debt	0.00	3.12B	3.07B	3.98B	3.96B	4.41B
Total Liabilities	-4.61B	6.26B	5.76B	6.63B	6.49B	7.72B
Stockholders Equity	4.61B	4.61B	3.87B	3.19B	2.90B	2.45B
Cash Flow
Free Cash Flow	0.00	332.00M	1.20B	121.80M	1.22B	1.61B
Operating Cash Flow	0.00	1.30B	1.54B	365.90M	1.34B	1.73B
Investing Cash Flow	0.00	-954.80M	-228.98M	-194.50M	-552.99M	-1.05B
Financing Cash Flow	0.00	-358.70M	-1.27B	-590.90M	-1.08B	-94.70M

Eveready Industries India Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 367.45
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 367.45 is below the 20-day moving average (MA) of 384.66, below the 50-day MA of 414.16, and above the 200-day MA of 353.53, indicating a neutral trend. The MACD of -13.81 indicates Positive momentum. The RSI at 39.18 is Neutral, neither overbought nor oversold. The STOCH value of 45.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
DOLLAR	69 Neutral	₹20.30B	20.92	―	0.84%	12.55%	6.68%
STOVEKRAFT	64 Neutral	₹22.79B	55.87	―	0.43%	6.84%	19.27%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
EVEREADY	57 Neutral	₹26.71B	32.06	―	0.41%	5.32%	16.91%
NIPPOBATRY	46 Neutral	₹3.33B	2.83	―	1.13%	-26.06%	-106.12%