Eveready Industries India Ltd (IN:EVEREADY)
:EVEREADY
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Eveready Industries India Ltd
(EVEREADY)
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Rating:67Neutral
Price Target:
₹364.00
▲(7.39% Upside)
Action:Reiterated
Date:05/08/26
The score is driven primarily by improved profitability and a healthier balance sheet, partially offset by weak cash-flow quality (negative FY2026 free cash flow). Valuation is supportive with a low P/E, while technicals are mixed with positive near-term momentum but still below the 200-day moving average.
Positive Factors
Improving Profitability
Eveready moved from prior losses to materially higher net margins (~11.8% in FY2026). Sustained margin improvement indicates better pricing, cost control or product mix; materially higher profitability supports reinvestment, strengthens ability to absorb shocks and underpins durable shareholder returns.
Negative Factors
Weak Cash Generation
Operating cash flow deterioration and a switch to negative free cash flow in FY2026 signal inconsistent cash conversion versus reported earnings. Persistent weak cash generation can constrain capex, dividends or working-capital needs and may force external financing or margin-preserving tradeoffs.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
Eveready moved from prior losses to materially higher net margins (~11.8% in FY2026). Sustained margin improvement indicates better pricing, cost control or product mix; materially higher profitability supports reinvestment, strengthens ability to absorb shocks and underpins durable shareholder returns.
Read all positive factors
Eveready Industries India Ltd (EVEREADY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.29B
Dividend Yield0.46%
Average Volume (3M)17.15K
Price to Earnings (P/E)11.1
Beta (1Y)0.76
Revenue Growth8.25%
EPS Growth108.04%
CountryIN
Employees1,972
SectorConsumer Defensive
Sector Strength42
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)6.30
Shares Outstanding72,687,260
10 Day Avg. Volume25,039
30 Day Avg. Volume17,153
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)3.06
Price to Sales (P/S)1.31
P/FCF Ratio-71.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)14.2
Revenue Forecast (FY)₹15.89B
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...
How the Company Makes Money
Eveready makes money primarily by manufacturing and selling consumer batteries and portable lighting products through India-wide distribution into retail and institutional channels. Its key revenue streams typically include (1) dry cell batteries ...
Eveready Industries India Ltd Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.93B | 14.55B | 13.45B | 13.00B | 13.20B | 11.96B |
| Gross Profit | 6.66B | 4.18B | 6.10B | 5.51B | 5.01B | 4.71B |
| EBITDA | 1.15B | 1.64B | 1.54B | 1.43B | 1.13B | 1.25B |
| Net Income | 458.40M | 1.72B | 824.40M | 667.69M | 276.24M | 464.70M |
Balance Sheet | ||||||
| Total Assets | 11.61B | 12.14B | 10.88B | 9.63B | 9.83B | 9.39B |
| Cash, Cash Equivalents and Short-Term Investments | 459.90M | 85.80M | 61.31M | 75.76M | 397.10M | 531.24M |
| Total Debt | 3.57B | 2.02B | 3.12B | 3.07B | 3.98B | 3.96B |
| Total Liabilities | 6.88B | 5.91B | 6.26B | 5.76B | 6.63B | 6.49B |
| Stockholders Equity | 4.73B | 6.23B | 4.61B | 3.87B | 3.19B | 2.90B |
Cash Flow | ||||||
| Free Cash Flow | -129.30M | -268.60M | 332.00M | 1.20B | 121.80M | 1.22B |
| Operating Cash Flow | 413.60M | 679.60M | 1.30B | 1.54B | 365.90M | 1.34B |
| Investing Cash Flow | -541.20M | 629.60M | -954.80M | -228.98M | -194.50M | -552.99M |
| Financing Cash Flow | 130.20M | -1.30B | -358.70M | -1.27B | -590.90M | -1.08B |
Eveready Industries India Ltd Technical Analysis
Neutral
338.95
Price Trends
307.80
Positive
318.47
Positive
352.44
Negative
Market Momentum
3.97
Positive
52.53
Neutral
32.60
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EVEREADY, the sentiment is Neutral. The current price of 338.95 is above the 20-day moving average (MA) of 325.23, above the 50-day MA of 307.80, and below the 200-day MA of 352.44, indicating a neutral trend. The MACD of 3.97 indicates Positive momentum. The RSI at 52.53 is Neutral, neither overbought nor oversold. The STOCH value of 32.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:EVEREADY.
Eveready Industries India Ltd Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹23.29B | 11.13 | ― | 0.46% | 8.25% | 108.04% | |
64 Neutral | ₹14.77B | 27.11 | ― | 0.82% | 8.86% | 9.72% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | ₹17.98B | 35.74 | ― | 0.50% | 10.87% | 8.93% | |
52 Neutral | ₹13.75B | 893.07 | ― | 0.07% | -15.11% | -20.15% | |
47 Neutral | ₹2.60B | -7.38 | ― | 1.22% | -3.21% | -121.28% |
* Consumer Defensive Sector Average
IN:EVEREADY
Eveready Industries India Ltd
318.45
-4.38
-1.36%
IN:DOLLAR
Dollar Industries Ltd.
276.45
-109.87
-28.44%
IN:LAKHNNATNL
Panasonic Energy India Co. Ltd.
303.35
-88.32
-22.55%
IN:NIPPOBATRY
Indo National Limited
331.55
-178.73
-35.03%
IN:STOVEKRAFT
Stove Kraft Ltd.
544.45
-51.16
-8.59%
IN:WEL
Wonder Electricals Limited
105.80
-71.06
-40.18%
Eveready Industries India Ltd Corporate Events
Eveready Posts Strong FY26 Profit Surge as Audited Results Go Public
May 1, 2026
Eveready Industries India Ltd has published its audited standalone and consolidated financial results for the quarter and full year ended 31 March 2026, reporting total quarterly income from operations of ₹327.23 crore and annual consolidate...
Eveready Board Clears FY26 Results, Recommends 50% Dividend
Apr 30, 2026
Eveready Industries India Ltd’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, prepared under SEBI’s listing regulations. The statutory auditors, Singhi Co., ...
Eveready clears FY26 results with clean audit, recommends 50% final dividend
Apr 30, 2026
Eveready Industries India Ltd’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with statutory auditors Singhi Co. issuing an unmodified opinion, underscoring the in...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.