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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Eveready Industries India Ltd

About the Company - Eveready Industries India Ltd

Eveready Industries India Ltd. is a Public Limited Listed company incorporated on 20/06/1934 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L31402WB1934PLC007993 and registration number is 007993. Currently Company is involved in the business activities of Manufacture of primary cells and primary batteries nd rechargable batteries, cells containing manganese oxide, mercuric oxide silver oxide or other material. Company’s Total Operating Revenue is Rs. 1206.76 Cr. and Equity Capital is Rs. 36.34 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Dry Cells2, Rainey Park, Kolkata West Bengal 700019investorrelation@eveready.co.in
http://www.evereadyindia.com
Management
NamePosition Held
Mr. Suvamoy SahaManaging Director
Mr. Utsav ParekhNon Executive Director
Mr. Girish MehtaNon Executive Director
Ms. Arundhuti DharNon Exe. & Ind. Director
Mr. Mahesh ShahNon Exe. & Ind. Director
Mr. Roshan L JosephNon Exe. & Ind. Director
Mr. Sourav BhagatNon Exe. & Ind. Director
Mr. Sunil SikkaNon Exe. & Ind. Director
Mr. Sunil Kumar AlaghNon Exe. & Ind. Director
Mr. Mohit BurmanNon Executive Director
Mr. Anand Chand BurmanChairman & Non-Exe.Director
Mr. Arjun LambaNon Executive Director

Basic Stock Data of Eveready Industries India Ltd

Last Updated: June 17, 2024, 8:34 pm

Market Cap 2,464 Cr.
Current Price 339
High / Low442/295
Stock P/E36.9
Book Value 53.2
Dividend Yield0.29 %
ROCE16.0 %
ROE18.9 %
Face Value 5.00
PEG Ratio-1.46

Eveready Industries India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales340.28272.63282.14357.49325.89241.24335.38375.75330.43286.17363.57364.89304.91
Expenses273.50232.96224.15301.17285.32276.85293.27332.76306.46285.14319.77318.57280.23
Operating Profit66.7839.6757.9956.3240.57-35.6142.1142.9923.971.0343.8046.3224.68
OPM %19.63%14.55%20.55%15.75%12.45%-14.76%12.56%11.44%7.25%0.36%12.05%12.69%8.09%
Other Income11.38-659.520.901.191.690.910.420.500.037.642.840.050.38
Interest11.8911.6514.2712.5110.8110.4410.6315.719.5720.738.998.207.89
Depreciation6.756.526.816.786.867.036.606.866.887.057.207.176.85
Profit before tax59.52-638.0237.8138.2224.59-52.1725.3020.927.55-19.1130.4531.0010.32
Tax %17.99%30.64%20.31%18.79%3.58%26.39%13.64%29.59%27.95%24.70%18.36%17.94%18.51%
Net Profit48.80-442.5330.1331.0423.71-38.4021.8514.735.44-14.3924.8625.448.41
EPS in Rs6.71-60.884.154.273.26-5.283.012.030.75-1.983.423.501.16

Last Updated: June 14, 2024, 6:31 pm

Eveready Industries India Ltd Quarterly Chart

Eveready Industries India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1001,0351,1531,2791,3241,3571,4561,5071,2211,2491,2071,3281,345
Expenses1,0589701,0631,1551,2011,2231,3521,3821,1001,0241,0881,2181,230
Operating Profit426691124123134104124121225119110115
OPM %4%6%8%10%9%10%7%8%10%18%10%8%9%
Other Income-62994892012198-6285911
Interest38404134312429557152485747
Depreciation29354232141519222927272728
Profit before tax-87-11662861057660219-482483550
Tax %-1%768%18%21%19%11%30%20%19%35%4%20%
Net Profit-885144969945348178-312462841
EPS in Rs-12.110.701.876.739.5012.877.316.5824.53-42.866.393.805.69
Dividend Payout %0%0%267%0%21%0%21%0%0%0%0%0%

Eveready Industries India Ltd Profit & Loss Yearly Chart

Eveready Industries India Ltd Growth

Compounded Sales Growth
10 Years:1%
5 Years:-3%
3 Years:2%
TTM:-1%
Compounded Profit Growth
10 Years:22%
5 Years:2%
3 Years:-40%
TTM:147%
Stock Price CAGR
10 Years:18%
5 Years:37%
3 Years:1%
1 Year:1%
Return on Equity
10 Years:22%
5 Years:28%
3 Years:15%
Last Year:19%

Last Updated: June 17, 2024, 3:04 pm

Eveready Industries India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital36363636363636363636363636
Reserves471548557588170253306340519209254283333
Borrowings372276225228200216264408394447396398344
Other Liabilities291244289248263300422423307330253265301
Total Liabilities1,1701,1041,1081,1016698051,0291,2071,2561,0229399831,014
Fixed Assets795764730696222334357343328314305310304
CWIP11914282263533413
Investments-0-0-0-00-0-0751-088
Other Assets363332363376425465668853919704630664699
Total Assets1,1701,1041,1081,1016698051,0291,2071,2561,0229399831,014

Eveready Industries India Ltd Reserves and Borrowings Chart

Eveready Industries India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3764937212582817013317313437
Cash from Investing Activity -18-12-6-29-56-68-100-145-15-106-55-19
Cash from Financing Activity -27-51-90-37-80-5-3776-114-4-108-59
Net Cash Flow-81-36-119-562463-29-42

Eveready Industries India Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days161614192330331510112832
Inventory Days11712211710512412195104131122115122
Days Payable102109898896124988995817482
Cash Conversion Cycle312842365027303046516972
Working Capital Days672220273959126-1345555
ROCE %5%6%11%18%28%18%19%15%25%14%13%

Eveready Industries India Ltd Financial Efficiency Indicators Chart

Eveready Industries India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters4.77%4.84%4.84%4.90%4.84%43.21%43.21%43.21%43.21%43.21%43.21%43.20%
FIIs2.15%2.21%2.47%3.34%0.88%0.87%0.62%0.44%0.40%0.48%0.46%3.60%
DIIs1.35%1.43%1.17%1.59%1.17%1.65%1.54%2.42%2.17%2.93%2.55%2.66%
Public91.72%91.52%91.52%90.18%93.10%54.26%54.64%53.92%54.21%53.39%53.78%50.54%
No. of Shareholders60,70555,22458,83957,59156,18653,00750,85850,34649,59554,25658,52157,639

Eveready Industries India Ltd Shareholding Pattern Chart

No. of Eveready Industries India Ltd Shareholders

Eveready Industries India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund39,6450.311.4139,6452024-06-150%
Groww Nifty Total Market Index Fund910.01039,6452024-06-15-99.77%

Eveready Industries India Ltd ROCE Trend

Eveready Industries India Ltd EPS Trend

Eveready Industries India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)9.183.806.39-42.8624.53
Diluted EPS (Rs.)9.183.806.39-42.8624.53
Cash EPS (Rs.)13.357.5710.36-38.5528.68
Book Value[Excl.RevalReserv]/Share (Rs.)53.2143.9539.9133.6976.43
Book Value[Incl.RevalReserv]/Share (Rs.)53.2143.9539.9133.6976.43
Revenue From Operations / Share (Rs.)180.83182.66166.02171.83167.99
PBDIT / Share (Rs.)19.7016.3317.2431.7323.12
PBIT / Share (Rs.)15.5412.5613.4627.9819.13
PBT / Share (Rs.)11.094.776.85-65.8130.26
Net Profit / Share (Rs.)9.183.806.58-42.3024.69
NP After MI And SOA / Share (Rs.)9.183.806.39-42.8624.53
PBDIT Margin (%)10.898.9310.3818.4613.76
PBIT Margin (%)8.596.878.1016.2811.38
PBT Margin (%)6.132.614.12-38.2918.01
Net Profit Margin (%)5.072.083.96-24.6114.69
NP After MI And SOA Margin (%)5.072.083.85-24.9414.60
Return on Networth / Equity (%)17.268.6416.02-127.1932.09
Return on Capital Employeed (%)20.2216.4819.4341.2618.81
Return On Assets (%)6.932.814.94-30.6414.19
Long Term Debt / Equity (X)0.370.650.630.890.26
Total Debt / Equity (X)0.731.171.281.380.49
Asset Turnover Ratio (%)1.351.381.231.100.98
Current Ratio (X)1.151.080.940.911.58
Quick Ratio (X)0.520.470.390.441.18
Inventory Turnover Ratio (X)1.972.341.881.891.93
Interest Coverage Ratio (X)4.432.102.614.432.38
Interest Coverage Ratio (Post Tax) (X)3.071.492.007.191.39
Enterprise Value (Cr.)2707.912466.532750.372222.98625.43
EV / Net Operating Revenue (X)2.061.862.281.780.51
EV / EBITDA (X)18.9120.7821.959.643.72
MarketCap / Net Operating Revenue (X)1.851.582.021.570.29
Price / BV (X)6.296.578.398.030.65
Price / Net Operating Revenue (X)1.851.582.021.570.29
EarningsYield0.020.010.01-0.150.49

Eveready Industries India Ltd Profitability Ratios (%)

Eveready Industries India Ltd Liquidity Ratios

Eveready Industries India Ltd Liquidity Ratios (%)

Eveready Industries India Ltd Interest Coverage Ratios (%)

Eveready Industries India Ltd Valuation Ratios

Fair Value

Fair Value: 372.10

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.76% compared to the current price 339

Intrinsic Value: 277.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 18.05% compared to the current price ₹339

Last 5 Year EPS CAGR: -25.34%

*Investments are subject to market risks

Strength and Weakness of Eveready Industries India Ltd Stock

StrengthWeakness
  1. The company has higher reserves (371.62 cr) compared to borrowings (320.62 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.00 cr) and profit (14.38 cr) over the years.
  1. The stock has a low average ROCE of 14.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 37.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 42.67, which may not be favorable.

FAQ

What is the latest fair value of Eveready Industries India Ltd?

The latest fair value of Eveready Industries India Ltd is ₹372.10.

What is the Market Cap of Eveready Industries India Ltd?

The Market Cap of Eveready Industries India Ltd is 2,464 Cr..

What is the current Stock Price of Eveready Industries India Ltd as on 23 June 2024?

The current stock price of Eveready Industries India Ltd as on 23 June 2024 is ₹339.

What is the High / Low of Eveready Industries India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Eveready Industries India Ltd stocks is 442/295.

What is the Stock P/E of Eveready Industries India Ltd?

The Stock P/E of Eveready Industries India Ltd is 36.9.

What is the Book Value of Eveready Industries India Ltd?

The Book Value of Eveready Industries India Ltd is 53.2.

What is the Dividend Yield of Eveready Industries India Ltd?

The Dividend Yield of Eveready Industries India Ltd is 0.29 %.

What is the ROCE of Eveready Industries India Ltd?

The ROCE of Eveready Industries India Ltd is 16.0 %.

What is the ROE of Eveready Industries India Ltd?

The ROE of Eveready Industries India Ltd is 18.9 %.

What is the Face Value of Eveready Industries India Ltd?

The Face Value of Eveready Industries India Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Eveready Industries India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE