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Eveready Industries India Ltd
(EVEREADY)
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Rating:61Neutral
Price Target:
₹386.00
▲(8.12% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily supported by improved profitability and significantly reduced leverage, but is held back by weak cash flow (negative FY2026 free cash flow) and poor technical momentum (below key moving averages with negative MACD). Reasonable valuation (P/E ~12.96) provides some offset.
Positive Factors
Improved profitability
The sustained recovery from earlier low profitability indicates stronger earnings capacity and better operating economics. An approximately 11.8% net margin gives Eveready greater ability to fund investment, absorb cost pressures, and reinforce its competitive position over the next several quarters.
Negative Factors
Weak cash conversion
Negative free cash flow despite reported net income raises concerns about the quality and durability of earnings conversion. If sustained, weaker cash generation could limit internal funding for product development, distribution, and working-capital needs while increasing dependence on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
The sustained recovery from earlier low profitability indicates stronger earnings capacity and better operating economics. An approximately 11.8% net margin gives Eveready greater ability to fund investment, absorb cost pressures, and reinforce its competitive position over the next several quarters.
Read all positive factors
Eveready Industries India Ltd (EVEREADY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.37B
Dividend Yield0.68%
Average Volume (3M)5.70K
Price to Earnings (P/E)14.9
Beta (1Y)0.73
Revenue Growth8.74%
EPS Growth113.98%
CountryIN
Employees1,972
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)24.52
Shares Outstanding72,687,260
10 Day Avg. Volume4,374
30 Day Avg. Volume5,695
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, founded in Kolkata in 1905, is a prominent Indian company involved in the manufacturing and marketing of a wide array of power and illumination products. Its core business encompasses a diverse range of batteries...
How the Company Makes Money
Eveready Industries India Ltd primarily makes money by manufacturing, marketing, and selling branded consumer products through India-wide distribution to retailers and other channels. Its core revenue stream is the sale of dry cell batteries (incl...
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 | 14.89B | 14.55B | 13.45B | 13.00B | 13.20B | 11.96B |
| Gross Profit | 4.83B | 4.18B | 6.10B | 5.51B | 5.01B | 4.71B |
| EBITDA | 2.28B | 2.16B | 1.54B | 1.43B | 1.13B | 1.25B |
| Net Income | 1.78B | 1.72B | 824.40M | 667.69M | 276.24M | 464.70M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 12.14B | 10.88B | 9.63B | 9.83B | 9.39B |
| Cash, Cash Equivalents and Short-Term Investments | 76.24M | 85.80M | 61.31M | 75.76M | 397.10M | 531.24M |
| Total Debt | 0.00 | 2.02B | 3.12B | 3.07B | 3.98B | 3.96B |
| Total Liabilities | -6.23B | 5.91B | 6.26B | 5.76B | 6.63B | 6.49B |
| Stockholders Equity | 6.23B | 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
Positive
357.00
Price Trends
347.89
Positive
340.15
Positive
328.35
Positive
Market Momentum
-1.62
Negative
64.35
Neutral
92.85
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 357 is above the 20-day moving average (MA) of 342.35, above the 50-day MA of 347.89, and above the 200-day MA of 328.35, indicating a bullish trend. The MACD of -1.62 indicates Negative momentum. The RSI at 64.35 is Neutral, neither overbought nor oversold. The STOCH value of 92.85 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹152.38B | 16.26 | ― | 6.73% | 12.65% | 7.16% | |
69 Neutral | ₹143.05B | 39.42 | ― | 0.46% | 13.36% | 26.08% | |
63 Neutral | ₹17.50B | 46.76 | ― | 0.06% | 7.40% | 14.85% | |
61 Neutral | ₹25.37B | 14.89 | ― | 0.68% | 8.74% | 113.98% | |
56 Neutral | ₹45.23B | 102.96 | ― | 0.11% | 41.95% | -3.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ₹2.43B | -9.53 | ― | 1.56% | -3.56% | -186.74% |
* General Sector Average
IN:EVEREADY
Eveready Industries India Ltd
366.25
-72.40
-16.51%
IN:ARE&M
Amara Raja Energy & Mobility Ltd
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IN:HIRECT
Hind Rectifiers Limited
1,248.75
403.16
47.68%
IN:NIPPOBATRY
Indo National Limited
321.60
-150.63
-31.90%
IN:SERVOTECH
Servotech Power Systems Ltd.
77.62
-57.66
-42.62%
IN:VGUARD
V-Guard Industries Limited
328.55
-35.07
-9.64%
Eveready Industries India Ltd Corporate Events
Eveready Publishes Notices on Physical Share Transfer Window and Investor Awareness Drive
Jun 16, 2026
Eveready Industries India Ltd has announced that it has published newspaper advertisements regarding a one-time special window for re-lodgement of transfer deeds of physical shares, in line with a recent SEBI circular. The notices, released in Fin...
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.