Eveready Industries India Ltd (EVEREADY) AI Stock Analysis

Eveready Industries India Ltd

(NSE:EVEREADY)

Select Model

Rating:67Neutral

Price Target:INR 394.00▲(26.44% Upside)

Action:downgraded

Date:09/06/26

Financial performance is the primary positive driver with solid deleveraging and profitability recovery, while weak technical momentum from price action and MACD limits upside; reasonable valuation provides secondary support.

Positive Factors

Improved ProfitabilityThe recovery to an approximately 11.8% net margin indicates materially stronger earnings capacity than in earlier years. If profitability remains sustained, it can support reinvestment in products, distribution and marketing while improving resilience across the company’s consumer businesses.

Negative Factors

Negative Free Cash FlowNegative free cash flow despite reported profitability weakens cash conversion and may limit internally funded investment. If the deterioration persists, Eveready could face less flexibility for marketing, product development or balance-sheet strengthening, making earnings quality a continuing concern.

Eveready Industries India Ltd (EVEREADY) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 22.57B
Dividend Yield: 0.80%
Average Volume (3M): 5,856
Price to Earnings (P/E): 12.7
Beta (1Y): 0.59
Revenue Growth: 8.74%
EPS Growth: 113.98%
Country: India
Employees: 1,972
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

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, i...

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 (includi...

Eveready Industries India Ltd Financial Statement Overview

Summary

Strong balance sheet with debt-to-equity down to 0.32 and ROE at 27.5%, plus income recovery to 1.72B net profit, offset by cash flow volatility and gross margin drop to 28.7%.

Income Statement

82Very Positive

Balance Sheet

88Very Positive

Cash Flow

65Positive

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price311.60

Price Trends

50DMA327.48Negative

100DMA339.90Negative

200DMA327.54Negative

Market Momentum

MACD-5.37Negative

RSI44.96Neutral

STOCH58.61Neutral

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 311.60 is below the 20-day moving average (MA) of 315.06, below the 50-day MA of 327.48, and below the 200-day MA of 327.54, indicating a bearish trend. The MACD of -5.37 indicates Negative momentum. The RSI at 44.96 is Neutral, neither overbought nor oversold. The STOCH value of 58.61 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:EVEREADY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ARE&M	76Outperform	INR 125.71B	13.64	―	6.68%	12.65%	7.16%
IN:EVEREADY	67Neutral	INR 22.65B	12.66	―	0.80%	8.74%	113.98%
IN:SERVOTECH	63Neutral	INR 13.96B	37.40	―	0.03%	7.40%	15.11%
IN:VGUARD	62Neutral	INR 122.42B	29.87	―	0.54%	13.36%	26.08%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:HIRECT	54Neutral	INR 33.82B	78.62	―	0.15%	41.95%	-3.11%
IN:NIPPOBATRY	47Neutral	INR 2.27B	-8.86	―	1.24%	-3.56%	-186.74%

* General Sector Average

Performance Comparison

IN:EVEREADY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:EVEREADY	Eveready Industries India Ltd	311.60	-66.82	-17.66%
IN:ARE&M	Amara Raja Energy & Mobility Ltd	686.85	-310.22	-31.11%
IN:HIRECT	Hind Rectifiers Limited	953.90	20.15	2.16%
IN:NIPPOBATRY	Indo National Limited	303.15	-129.86	-29.99%
IN:SERVOTECH	Servotech Power Systems Ltd.	62.09	-57.16	-47.93%
IN:VGUARD	V-Guard Industries Limited	280.20	-88.89	-24.08%

Eveready Industries India Ltd Corporate Events

Eveready Grants 48,000 Stock Options Under ESOP 2026

Oct 31, 2026

Eveready Industries India Ltd has granted 48,000 stock options to an eligible employee under its Employee Stock Option Plan 2026, in line with SEBI’s share-based employee benefit regulations. Each option is convertible into one equity share of...

Eveready Files SEBI Compliance Certificate on Dematerialisation for Q2 FY2026

Oct 6, 2026

Eveready Industries India Ltd has submitted a compliance certificate from its registrar and share transfer agent, Maheshwari Datamatics Pvt Ltd, confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 fo...

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: Sep 06, 2026

Eveready Industries India Ltd AI Stock Analysis