NSE: EVEREADY · BSE: 531508 · ISIN INE128A01029
Eveready Industries India Limited stock analysis
Eveready Industries India Limited ranks #2565 in the TickerSutra evidence-ranked universe with a score of 46/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.2%, quarterly sales growth of 9.0% and quarterly profit growth of 2.5%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹1,207cr | ₹119cr | ₹46cr | 10.0% |
| 2023 | ₹1,328cr | ₹110cr | ₹28cr | 8.0% |
| 2024 | ₹1,314cr | ₹141cr | ₹67cr | 11.0% |
| 2025 | ₹1,345cr | ₹153cr | ₹82cr | 11.0% |
| 2026 | ₹1,455cr | ₹164cr | ₹172cr | 11.0% |
| TTM | ₹1,489cr | ₹171cr | ₹178cr | 12.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
An important milestone during the quarter was the commencement of commercial production at our Jammu facility on the 29th of May. The plant strengthens our manufacturing capacity, improves operating leverage and supports expansion of our alkaline battery business. The facility provided us with scale, flexibility and supply chain resilience required to support the next phase of growth.
Through calibrated pricing actions and continued focus on scale efficiencies, we were able to protect profitability while reducing manufacturing cost s across our legacy portfolio. An important milestone during the quarter was the commencement of commercial production at our Jammu facility on the 29th of May. The plant strengthens our manufacturing capacity, improves operating leverage and supports expansion of our a
The facility provided us with scale, flexibility and supply chain resilience required to support the next phase of growth. The Jammu facility also opens new opportunities in white labelling and export markets, strengthening our ambition to emerge as a globally competitive manufacturer in the alkaline battery segment. During the quarter, we also witnessed strong growth across our digital channels, particularly through
So, sir, again, congratulation to the team for the EBITDA margin of 15%. And as per your opening remarks, sir, we are confident that these numbers are workable and can be exhibited during the year also. I think so the commodity inflation, the other have now become a part and parcel.
Anirban Banerjee: So, the market share gain has been almost from about 3% to about 18% over the last 30 months, right? That market share gain was a play of the brand and the consumer acceptance of it, even while the product was made to our specifications and was being imported into the country. As the manufacturing plant settles down and operational efficiencies improve, the quality remains the same.
Our lighting business delivered an encouraging quarter, registering healthy 13.7% growth. The business benefited from strong demand across key product categories, while the pricing environment showed signs of stabilization after a prolonged period of price erosion, improving re venue visibility and supporting margin resilience. We also witnessed healthy volume growth in our higher-margin categories, particularly emer
And as per your opening remarks, sir, we are confident that these numbers are workable and can be exhibited during the year also. I think so the commodity inflation, the other have now become a part and parcel. So, have we aligned our working in a sense that these margins we can exhibit on a sustained basis going ahead also?
Our lighting business delivered an encouraging quarter, registering healthy 13.7% growth. The business benefited from strong demand across key product categories, while the pricing environment showed signs of stabilization after a prolonged period of price erosion, improving re venue visibility and supporting margin resilience. We also witnessed healthy volume growth in our higher-margin categories, particularly emer
And on your question on where do we see 2 years from now, my sense would be that we should be looking at anywhere between an exit share of 25% to 30% at the end of 2 years from now. Secondly, in terms of the balance sheet, is it possible to give some update that obviously, we have been expecting some proceeds from your land sale plus the h ealthy operating cash flow generation starting this year given our margin expa
How large is our e - commerce and that part of portfolio? Second would be on the regulatory side. If you could help us or give an update on the BIS norms and Make in India, any competition from the Chinese front and the extended producer responsibility side of any cost that we are going to incur or incurring currently?
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
Loading corporate intelligence
Loading universe coverage and exchange-backed evidence…