Arthneeti

Eveready Industries India Q2 FY27 Share Price & Earnings Call Analysis

₹310.55-2.98% today
Market cap
₹2,254 Cr
P/E
14.19
ROE
18.47%
PEG
0.25
Price to sales
1.51
Debt to equity
0.32
52W high / low
₹384 / ₹263
Sales growth (5Y)
3.11%
EBITDA margin
11.51%
Net profit margin
6.88%
Promoter holding
43.60%
Sales (last year)
₹1,489 Cr

Incorporated in 1934, Eveready Industries India Limited is one of the leading manufacturers of dry cell batteries in India and offers products such as batteries, flashlights, lighting solutions, and home appliances. [1]

Guidance scorecard · Q2 FY27 call

What Eveready Industries India Ltd's management guided
and where it ranks in Household Products

#4of 5 in
Household Products
Revenue10–20%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Alkaline battery segment growing at ~20% CAGR, driving overall battery market growth.
  • Alkaline market share expected to increase from current 18% to 25-30% over next 2 years.
  • Overall battery market size around INR4,100 crores, with alkaline segment about INR550 crores and growing.
  • Lighting business showing positive traction; broken even in Q1 with potential for 1.5x-2x growth on existing fixed costs.
  • Expansion in emerging channels like modern trade and electrical channels to boost sales.
  • Wires and cables segment recently entered; aim to double current sales and attain ~1-2% market share.

2 more points from Eveready Industries India Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Eveready Industries India Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The Jammu plant investment is around INR 90-95 crores in plant and machinery, recently commissioned.
  • Ongoing rationalization of manufacturing footprint includes the sale of Noida plant assets; future asset rationalization may be considered.
  • Focus on an asset-light model for renewable energy, with investments in solar panels and grid connection at Jammu facility; preference for leasing or rental models due to rapid changes in capital costs.

2 more points from Eveready Industries India Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

See what Eveready Industries India Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Eveready Industries India Ltd said on the order book →

Full Q1 FY27 analysis
Full Household Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Household Products
on management's own guidance

  1. DOMS IndustriesModerate growth
    2
  2. Jyothy Labs LtdModerate growth
    1
  3. Flair Writing Industries LtdModerate growth
    3
See all potential multibaggersWhere does Eveready Industries India Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Household Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Jyothy Labs Ltd10–20%Up 0–2%₹6,983 Cr24.6
2DOMS Industries10–20%Flat₹12,772 Cr58.8
3Flair Writing Industries Ltd10–20%Flat₹2,502 Cr17.9
4Eveready Industries India LtdThis stock10–20%Flat₹2,331 Cr14.7
50–10%Flat₹530 Cr15.4

Sign up free to see every company in the sector ranking and track Eveready Industries India Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Household Products ranking

Financials of Eveready Industries India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Eveready Industries India Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +43.21%43.20%43.19%43.19%43.19%43.19%43.19%43.21%43.21%43.20%43.60%43.60%
FIIs +0.46%3.60%3.68%3.92%4.21%4.86%4.96%5.21%5.05%5.27%5.44%5.40%
DIIs +2.55%2.66%2.59%2.61%2.77%2.63%2.51%2.70%2.76%2.78%2.84%2.86%
Public +53.78%50.53%50.53%50.28%49.82%49.34%49.35%48.88%48.99%48.75%48.12%48.16%
No. of Shareholders58,52157,63966,00269,97969,55569,21270,09765,37164,57162,47362,89062,792

Financials of Eveready Industries India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +365305281349363334299374387367327408428
Expenses +319280255300315304273320338334299346378
Operating Profit46252650482926544933286150
OPM %13%8%9%14%13%9%9%14%13%9%9%15%12%
Other Income +00-00100-5-37-910303
Interest8877676655435
Depreciation7798778777979
Profit before tax311093535161236-0121195140
Tax %18%19%9%17%16%18%14%17%1,740%39%-19%27%20%
Net Profit +25882930131030-871423732
EPS in Rs3.501.161.114.044.071.801.434.16-1.091.0219.505.094.39

Financials of Eveready Industries India Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,2791,3241,3571,4561,5071,2211,2491,2071,3281,3141,3451,4551,530
Expenses +1,1551,2011,2231,3521,3821,1001,0241,0881,2181,1731,1921,2911,358
Operating Profit124123134104124121225119110141153164173
OPM %10%9%10%7%8%10%18%10%8%11%11%11%11%
Other Income +4892012198-62859215298
Interest34312429557152485732261917
Depreciation32141519222927272730303032
Profit before tax62861057660219-48248358199167222
Tax %21%19%11%30%20%19%-35%4%20%17%16%-3%
Net Profit +4969945348178-31246286782172218
EPS in Rs6.739.5012.877.316.5824.53-42.866.393.809.1911.3423.6030.00
Dividend Payout %0%21%0%21%0%0%0%0%0%11%13%11%

Financials of Eveready Industries India Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital36363636363636363636363636
Reserves588170253306340519209254283350425587640
Borrowings +228200216264408394447396398307312202180
Other Liabilities +248263300422423307330253265270314389478
Total Liabilities1,1016698051,0291,2071,2561,0229399839631,0881,2141,334
Fixed Assets +696222334357343328314305310293304276460
CWIP2822635334188117612
Investments0000751088800
Other Assets +376425465668853919704630664654695761862
Total Assets1,1016698051,0291,2071,2561,0229399839631,0881,2141,334

Financials of Eveready Industries India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +721258281701331731343715413083
Cash from Investing Activity +-29-56-68-100-145-15-106-55-19-23-9564
Cash from Financing Activity +-37-80-5-3776-114-4-108-59-127-36-146
Net Cash Flow6-119-562463-29-424-11
Free Cash Flow3997-2448462701611221212034102
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit66%115%66%100%69%122%100%111%36%101%96%53%

Financials of Eveready Industries India Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days141923303315101128322829
Inventory Days11710512412195104131122115122143134
Days Payable89889612498899581748210294
Cash Conversion Cycle423650273030465169726869
Working Capital Days-18-3293387-38-247141833
ROCE %11%18%28%18%19%15%25%14%13%16%17%17%

Guidance history

How Eveready Industries India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedNone planned—
Q4 FY26 call →20–40%FlatNone plannedNone planned—
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlannedNone planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

21out of 100

Momentum score · price trend

21 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−19.0%39%
Last 6 months−7.3%44%
Last 3 months−9.4%47%

The price is 35.5% below its all-time high of ₹481.3 (23 Aug 2024). Stocks more than 20% below their peak have their score halved, so 42 became 21.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Eveready Industries India Ltd: 0.4 × 39 + 0.4 × 44 + 0.2 × 47 = 42, halved to 21 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Eveready Industries India Ltd's management said in earlier quarters

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