Eveready Industries India Ltd (EVEREADY) AI Stock Analysis

• Market Cap: ₹28.33B
• Dividend Yield: 0.39%
• Average Volume (3M): 27.46K
• Price to Earnings (P/E): 34.0
• Beta (1Y): 0.88
• 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: 15,060
• 30 Day Avg. Volume: 27,465
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹403.00
• Price Target Upside: 3.41% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: ₹403.00 ▲(3.41% Upside)

Eveready Industries' overall stock score is primarily influenced by its solid financial performance, despite some operational inefficiencies and cash flow concerns. The technical analysis indicates bearish momentum, which negatively impacts the score. Additionally, the high P/E ratio and low dividend yield suggest potential overvaluation, further moderating the overall score.

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 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

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	13.45B	13.45B	13.00B	13.28B	11.96B	12.37B
Gross Profit	5.61B	6.10B	5.51B	5.01B	4.71B	5.47B
EBITDA	1.53B	1.52B	1.43B	1.19B	1.25B	-4.00B
Net Income	824.40M	824.40M	667.69M	276.24M	464.70M	-3.12B
Balance Sheet
Total Assets	10.88B	10.88B	9.63B	9.83B	9.39B	10.16B
Cash, Cash Equivalents and Short-Term Investments	67.60M	67.60M	75.76M	397.10M	65.79M	285.10M
Total Debt	3.12B	3.12B	3.07B	3.98B	3.96B	4.41B
Total Liabilities	6.26B	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: 389.70
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 389.7 is below the 20-day moving average (MA) of 435.71, below the 50-day MA of 423.70, and above the 200-day MA of 354.69, indicating a neutral trend. The MACD of -6.09 indicates Positive momentum. The RSI at 30.41 is Neutral, neither overbought nor oversold. The STOCH value of 2.73 is Positive, 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	68 Neutral	20.79B	21.43	10.64%	0.82%	12.55%	6.68%
STOVEKRAFT	62 Neutral	22.13B	54.27	8.18%	0.45%	6.84%	19.27%
EVEREADY	57 Neutral	₹28.33B	34.00	―	0.39%	5.32%	16.91%
NIPPOBATRY	46 Neutral	3.38B	-38.45	28.25%	1.11%	-26.06%	-106.12%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%