Eveready Industries India Limited (EVEREADY) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Eveready Industries India Limited stock ₹104, price ₹311, that is 66.6% below the price, quality 57 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range ₹260.80 – ₹476.59 · fair‑value band ₹92.36 – ₹113.31 · the ₹311.05 price screens above the ₹104.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Eveready Industries India in your weekly email
Every Wednesday you see whether Eveready Industries India is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Eveready Industries India Limited manufactures and markets dry cell batteries, flashlights, and lighting and electrical products in India and internationally.
Show moreShow less
The company offers zinc carbon, alkaline, coin cell, and rechargeable batteries, as well as chargers; and plastic light-emitting diode (LED), brass, aluminum, and rechargeable torches; and portable lanterns.
It also provides consumer lighting products, such as LED bulbs, LED battens, emergency LEDs, LED panels, LED downlights and spotlights, and outdoor and festive lighting; professional lighting, including indoor architectural, commercial, industrial, facade, and flood lighting; electrical accessories comprising surge protectors, extension reels, multi-plugs, doorbells, plug tops, immersion heaters, and dry irons; and mosquito racquets.
In addition, the company is involved in distribution of electrical products; and trading of raw materials. It sells its products under the Eveready, PowerCell, Ultima, Shakti, and Uniross brands. Eveready Industries India Limited was founded in 1905 and is based in Kolkata, India.
Stock analysis
Eveready Industries India Limited (EVEREADY) currently trades at ₹311.05, while our model-based Fair Value estimate is ₹104.02, 67% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹383.48 per share, and 5 of the 15 models we run sit above the ₹311.05 price.
Bear case: the Dividend Discount group reads lowest at ₹12.11, and 10 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹92.36 (bear) to ₹113.31 (bull), the price of ₹311.05 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Eveready Industries India Limited reported revenue of ₹14.6B in FY2026 versus ₹12.0B in FY2022, a compound +5.0%/yr. Reported net income was ₹1.7B in FY2026, compounding +38.6%/yr from FY2022.
Key figures
Market cap ₹22.6B (≈ $241M) Micro · P/E ratio 12.7 · P/S ratio 1.52 · EPS (TTM) ₹24.52 · Dividend yield 0.8% · Net margin 12.0% · Return on equity 31.7% · Return on assets (EBIT) 10.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at −67%, EVEREADY screens richer than that median.
Fair Value models
Bear₹92.36Fair Value ₹104.02Bull₹113.31
Price ₹311.05 · Downside -66.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹13.57 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
Start year 2021 (pandemic). Over 10 years: +1.0% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.3%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8.8% vs 13.0%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−29% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Rate on operating basis: 2026 sits 157% above its own trend.
Compare Eveready Industries India Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 590 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−66.6% · Bottom 25%
Profitability
Return on equity (12 months)31.7% · Top 25%
Return on assets14.1% · Top 25%
Net margin (12 months)12.0% · Top 25%
Operating margin (12 months)13.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)9.0% · Below median
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)12.7× · Cheapest 25%
P/B3.63× · Pricier than median
P/S (12 months)1.52× · Cheaper than median
EV/EBITDA14.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)45· sector 67
PAST (return on equity)100· sector 25
HEALTH (low debt)90· sector 97
DIVIDEND (yield)16· sector 23
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Eveready Industries India Limited Fair Value". https://www.fairvalue-calculator.com/stock/EVEREADY
Frequently asked questions
Is Eveready Industries India Limited (EVEREADY) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ₹104.02 versus a price of ₹311.05, about 67% lower (overvalued).
What is the fair value of EVEREADY?
Our model-based fair value for Eveready Industries India Limited is ₹104.02 (as of Nov 6, 2026), built from audited fundamentals. The current price: ₹311.05.
What is the quality score of EVEREADY?
Eveready Industries India Limited has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Eveready Industries India Limited (EVEREADY)?
Our model-based price target is the fair value of ₹104.02 (as of Nov 6, 2026) from 15 valuation models. Cautious scenario ₹92.36, optimistic scenario ₹113.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Eveready Industries India Limited stock forecast for 2026?
Our models put fair value at ₹104.02, about 67% lower versus a price of ₹311.05 (overvalued). Cautious scenario ₹92.36, optimistic scenario ₹113.31. The calculation is refreshed regularly with new filings.
What is the revenue of Eveready Industries India Limited (EVEREADY)?
Eveready Industries India Limited reported trailing-twelve-month revenue of about ₹14.9B (latest available figure, as of Nov 6, 2026).
Does Eveready Industries India Limited pay a dividend?
Eveready Industries India Limited currently shows a dividend yield of 0.80% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Eveready Industries India Limited (EVEREADY) and when is the ex-dividend date?
Eveready Industries India Limited pays a dividend of ₹2.50 per share a year, a dividend yield of 0.8%. The last ex-dividend date was Aug 4, 2026. The payout ratio is 10.2% of earnings. Our assessment: Token dividend. At a yield of 0.8% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.8% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Eveready Industries India Limited (EVEREADY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eveready Industries India Limited it is ₹104.02 per share (as of Nov 6, 2026), against a price of ₹311.05. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Eveready Industries India Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, EVEREADY trades above its calculated fair value: price ₹311.05, fair value ₹104.02, a gap of about −67% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EVEREADY?
No. The price is what the market pays today (₹311.05); the fair value is what the company's own numbers justify (₹104.02). For Eveready Industries India Limited the two are ₹207.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Eveready Industries India Limited worth?
The market values Eveready Industries India Limited at about ₹22.6B (market capitalisation, as of Nov 6, 2026). Per share that is ₹311.05; our models calculate a fair value of ₹104.02 per share.
What do the bullish and bearish scenarios say about EVEREADY?
Our models span a range for Eveready Industries India Limited: cautious scenario ₹92.36, base ₹104.02, optimistic ₹113.31 per share (as of Nov 6, 2026, price ₹311.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EVEREADY?
Eveready Industries India Limited trades at a price-to-earnings ratio of 12.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹104.02 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 29.2. Other multiples: P/B 3.6, P/S 1.5, EV/EBITDA 14.6.
How solid is the balance sheet of Eveready Industries India Limited (EVEREADY)?
Balance-sheet figures for Eveready Industries India Limited (as of Nov 6, 2026): return on equity 31.7%, debt of 0.19 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is EVEREADY from its 52-week high?
Eveready Industries India Limited trades at ₹311.05, about 16% below its 52-week high of ₹370.18 and 19% above the low of ₹260.80 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹104.02 is for.
Which stocks are comparable to Eveready Industries India Limited?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Eveready Industries India Limited stock attractive at the current price?
The data as of Nov 6, 2026: price ₹311.05, calculated fair value ₹104.02 (−67%), Quality Score 57/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EVEREADY calculated?
We run Eveready Industries India Limited through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹104.02 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Eveready Industries India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Eveready Industries India Limited (EVEREADY)?
The closing price on Nov 9, 2026 was ₹311.05. Our model-based fair value is ₹104.02, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eveready Industries India Limited right now?
The price sits above even our optimistic bull case (₹113.31). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Eveready Industries India Limited (EVEREADY) come from?
Earnings per share at Eveready Industries India Limited grew +5.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +0.4 %, EBIT margin +1.1 %, tax rate +1.3 %, residual (interest, one-offs) +2.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Eveready Industries India Limited
How large is the market capitalisation of Eveready Industries India Limited (EVEREADY)?
The market capitalisation of Eveready Industries India Limited is ₹22.6B (≈ $241M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Eveready Industries India Limited (EVEREADY)?
The price-to-sales ratio of Eveready Industries India Limited is 1.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Eveready Industries India Limited (EVEREADY)?
Earnings per share at Eveready Industries India Limited are ₹24.52 (price ÷ EPS = P/E 12.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eveready Industries India Limited (EVEREADY)?
The dividend yield of Eveready Industries India Limited is 0.8% (payout 10.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Eveready Industries India Limited (EVEREADY)?
The net margin of Eveready Industries India Limited is 12.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Eveready Industries India Limited (EVEREADY)?
The return on equity (ROE) of Eveready Industries India Limited is 31.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Eveready Industries India Limited (EVEREADY)?
On an EBIT basis the return on assets of Eveready Industries India Limited is 10.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Eveready Industries India Limited (EVEREADY)?
The operating margin of Eveready Industries India Limited is 13.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eveready Industries India Limited (EVEREADY)?
Revenue at Eveready Industries India Limited is growing +9.0% versus a year earlier (3y avg +3.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Eveready Industries India Limited (EVEREADY)?
Earnings per share at Eveready Industries India Limited are growing +22.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Eveready Industries India Limited (EVEREADY) generate?
The free cash flow of Eveready Industries India Limited is −₹269M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Eveready Industries India Limited (EVEREADY) carry?
The net debt of Eveready Industries India Limited is ₹1.9B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Eveready Industries India Limited in the live analysis
One click puts Eveready Industries India Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 6, 2026