Eveready Industries India Ltd (EVEREADY) AI Stock Analysis

• Market Cap: ₹27.12B
• Dividend Yield: 0.45%
• Average Volume (3M): 17.15K
• Price to Earnings (P/E): 32.6
• Beta (1Y): 0.84
• Revenue Growth: 7.37%
• EPS Growth: -39.19%
• Country: IN
• Employees: 1,972
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Electrical Equipment & Parts
• EPS (TTM): -1.09
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹347.00 ▲(7.02% Upside)

Eveready Industries' overall stock score is primarily influenced by its solid financial performance, despite the need for improved cash flow. Technical analysis indicates bearish momentum, and the stock appears overvalued based on its P/E ratio. These factors suggest caution for potential investors.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective sales strategies, supporting long-term business sustainability.

Profitability

Improved profitability margins suggest effective cost management and pricing strategies, enhancing the company's financial health.

Debt Management

A manageable debt-to-equity ratio indicates prudent financial management, ensuring financial stability and flexibility for future growth.

Negative Factors

Operational Efficiency

Suboptimal operational efficiency can limit profit growth and reduce competitive advantage, impacting long-term performance.

Cash Flow

Declining free cash flow growth may constrain the company's ability to invest in growth opportunities and manage financial obligations.

Equity Financing

A moderate equity ratio indicates potential reliance on debt, which could limit financial flexibility and increase risk in economic downturns.

Eveready Industries India Ltd Business Overview & Revenue Model

Company Description

Eveready Industries India Limited, together with its subsidiaries, manufactures and markets dry cell and rechargeable batteries, flashlights, and general lighting and electrical products in India. It offers various batteries comprising zinc carbon, alkaline, and rechargeable batteries, as well as power banks under the Eveready, Eveready Ultima, PowerCell, and Uniross brands. The company also provides rechargeable torches in plastic, brass, and aluminum; light-emitting diode (LED) flashlights in various shapes, sizes, wattages, and colors; and digiLED portable lanterns under the Eveready and PowerCell brand names. In addition, it offers consumer lighting products, such as LED bulbs, emergency LEDs, smart ambient lighting, LED panels, LED downlights, LED spotlights, LED battens, LED flood lights, and LED streetlights; and professional lighting products, including indoor commercial, industrial, and outdoor lighting products, as well as provides spike guards under the Eveready brand name. Further, the company distributes electrical products and small home appliances, as well as confectioneries. Eveready Industries India Limited was founded in 1905 and is based in Kolkata, India.

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 the cash flow indicates good cash conversion. 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	1.54B	1.43B	1.13B	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: 324.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 324.25 is below the 20-day moving average (MA) of 343.60, below the 50-day MA of 368.52, and below the 200-day MA of 351.75, indicating a bearish trend. The MACD of -12.49 indicates Negative momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 50.33 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	₹20.11B	20.72	―	0.87%	11.71%	14.14%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
EVEREADY	55 Neutral	₹27.12B	32.55	―	0.45%	7.37%	-39.19%
STOVEKRAFT	55 Neutral	₹20.28B	44.66	―	0.49%	7.89%	32.07%
NIPPOBATRY	40 Underperform	₹3.25B	-33.98	―	1.16%	-21.88%	-106.76%

Eveready Industries India Ltd Corporate Events

Eveready Industries Releases Q2 FY26 Earnings Call Recording

Eveready Industries India Ltd announced that the audio recording of their Q2 FY26 earnings conference call is now available on their website. This disclosure aligns with regulatory requirements, ensuring transparency and accessibility for investors and stakeholders, potentially impacting the company’s market perception positively.

Eveready Industries Secures Approval for All Postal Ballot Resolutions

Eveready Industries India Limited announced that all resolutions proposed in their Postal Ballot Notice dated August 5, 2025, have been approved by the company’s members with the required majority as of October 16, 2025. The voting results, along with the scrutinizer’s report, have been made available on the company’s website and the National Securities Depository Limited’s website, ensuring transparency and accessibility for stakeholders.