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Eveready Industries India Ltd (IN:EVEREADY)
:EVEREADY
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Eveready Industries India Ltd (EVEREADY) AI Stock Analysis

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IN:EVEREADY

Eveready Industries India Ltd

(EVEREADY)

Rating:62Neutral
Price Target:
₹439.00
▼(-2.22% Downside)
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 (EVEREADY) vs. iShares MSCI India ETF (INDA)

Eveready Industries India Ltd Business Overview & Revenue Model

Company DescriptionEveready 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 MoneyEveready 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 showcases strong revenue growth and improved profitability with a solid gross profit margin of 45.35% and net profit margin of 6.13%. The balance sheet reflects a manageable debt-to-equity ratio of 0.68 and improved ROE at 17.88%. However, cash flow analysis indicates a decline in free cash flow growth, suggesting a need for strengthening future cash positions.
Income Statement
78
Positive
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
70
Positive
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
65
Positive
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue13.45B13.45B13.00B13.28B11.96B12.37B
Gross Profit5.61B6.10B5.51B5.01B4.71B5.47B
EBITDA1.53B1.52B1.43B1.19B1.25B-4.00B
Net Income824.40M824.40M667.69M276.24M464.70M-3.12B
Balance Sheet
Total Assets10.88B10.88B9.63B9.83B9.39B10.16B
Cash, Cash Equivalents and Short-Term Investments67.60M67.60M75.76M397.10M65.79M285.10M
Total Debt3.12B3.12B3.07B3.98B3.96B4.41B
Total Liabilities6.26B6.26B5.76B6.63B6.49B7.72B
Stockholders Equity4.61B4.61B3.87B3.19B2.90B2.45B
Cash Flow
Free Cash Flow0.00332.00M1.20B121.80M1.22B1.61B
Operating Cash Flow0.001.30B1.54B365.90M1.34B1.73B
Investing Cash Flow0.00-954.80M-228.98M-194.50M-552.99M-1.05B
Financing Cash Flow0.00-358.70M-1.27B-590.90M-1.08B-94.70M

Eveready Industries India Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price448.95
Price Trends
50DMA
390.48
Positive
100DMA
351.57
Positive
200DMA
350.25
Positive
Market Momentum
MACD
14.48
Negative
RSI
70.39
Negative
STOCH
81.77
Negative
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 448.95 is above the 20-day moving average (MA) of 424.84, above the 50-day MA of 390.48, and above the 200-day MA of 350.25, indicating a bullish trend. The MACD of 14.48 indicates Negative momentum. The RSI at 70.39 is Negative, neither overbought nor oversold. The STOCH value of 81.77 is Negative, 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

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
₹20.20B20.99
0.84%12.55%6.68%
64
Neutral
₹20.83B54.39
0.39%6.84%19.29%
62
Neutral
₹32.63B39.17
0.36%5.32%16.91%
57
Neutral
$3.35B8.32-34.32%3.12%-25.56%-353.61%
₹2.60B30.71
48
Neutral
₹3.59B2.83
1.02%-26.06%-106.12%
₹17.25B115.58
* Consumer Goods Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:EVEREADY
Eveready Industries India Ltd
448.95
-8.15
-1.78%
IN:DOLLAR
Dollar Industries Ltd.
359.05
-135.97
-27.47%
IN:LAKHNNATNL
Panasonic Energy India Co. Ltd.
349.60
-163.80
-31.90%
IN:NIPPOBATRY
Indo National Limited
489.35
-93.65
-16.06%
IN:STOVEKRAFT
Stove Kraft Ltd.
670.35
-140.63
-17.34%
IN:WEL
Wonder Electricals Limited
137.65
0.93
0.68%
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.Date of analysis: Jul 23, 2025