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Eveready Industries India

NSEI:EVEREADY
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EVEREADY
NSEI
₹6B
Market Cap
  1. Home
  2. IN
  3. Household
Company description

Eveready Industries India Limited, together with its subsidiaries, manufactures and markets batteries, flashlights, and general lighting and electrical products in India. The last earnings update was 290 days ago. More info.


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  • Eveready Industries India has significant price volatility in the past 3 months.
EVEREADY Share Price and Events
7 Day Returns
15.8%
NSEI:EVEREADY
4%
IN Household Products
3.3%
IN Market
1 Year Returns
-66.6%
NSEI:EVEREADY
11%
IN Household Products
-0.5%
IN Market
EVEREADY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eveready Industries India (EVEREADY) 15.8% -44% -56.8% -66.6% -63.3% 30.4%
IN Household Products 4% 0.3% -1.3% 11% 101.6% 210.1%
IN Market 3.3% -1.2% 5.9% -0.5% 34.4% 45.6%
1 Year Return vs Industry and Market
  • EVEREADY underperformed the Household Products industry which returned 11% over the past year.
  • EVEREADY underperformed the Market in India which returned -0.5% over the past year.
Price Volatility
EVEREADY
Industry
5yr Volatility vs Market

EVEREADY Value

 Is Eveready Industries India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eveready Industries India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eveready Industries India.

NSEI:EVEREADY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:EVEREADY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Household Products Unlevered Beta Simply Wall St/ S&P Global 0.33
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.333 (1 + (1- 35%) (44.16%))
0.617
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for NSEI:EVEREADY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eveready Industries India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:EVEREADY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.43%)
2019 158.50 Est @ -15.6% 138.52
2020 144.78 Est @ -8.66% 110.57
2021 139.29 Est @ -3.79% 92.96
2022 138.75 Est @ -0.39% 80.92
2023 141.51 Est @ 1.99% 72.12
2024 146.69 Est @ 3.66% 65.34
2025 153.77 Est @ 4.83% 59.85
2026 162.44 Est @ 5.64% 55.26
2027 172.54 Est @ 6.22% 51.29
2028 183.95 Est @ 6.62% 47.79
Present value of next 10 years cash flows ₹774.61
NSEI:EVEREADY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹183.95 × (1 + 7.55%) ÷ (14.43% – 7.55%)
₹2,875.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹2,875.63 ÷ (1 + 14.43%)10
₹747.02
NSEI:EVEREADY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹774.61 + ₹747.02
₹1,521.64
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,521.64 / 72.69
₹20.93
NSEI:EVEREADY Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹20.97
Current discount Discount to share price of ₹86.50
= -1 x (₹86.50 - ₹20.97) / ₹20.97
-312.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Eveready Industries India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eveready Industries India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eveready Industries India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:EVEREADY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹7.31
BSE:531508 Share Price ** BSE (2019-05-24) in INR ₹86.35
India Household Products Industry PE Ratio Median Figure of 5 Publicly-Listed Household Products Companies 29.31x
India Market PE Ratio Median Figure of 2,774 Publicly-Listed Companies 15.46x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eveready Industries India.

NSEI:EVEREADY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:531508 Share Price ÷ EPS (both in INR)

= 86.35 ÷ 7.31

11.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eveready Industries India is good value based on earnings compared to the IN Household Products industry average.
  • Eveready Industries India is good value based on earnings compared to the India market.
Price based on expected Growth
Does Eveready Industries India's expected growth come at a high price?
Raw Data
NSEI:EVEREADY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Household Products Industry PEG Ratio Median Figure of 14 Publicly-Listed Household Products Companies 2.73x
India Market PEG Ratio Median Figure of 557 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Eveready Industries India, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Eveready Industries India's assets?
Raw Data
NSEI:EVEREADY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹47.15
BSE:531508 Share Price * BSE (2019-05-24) in INR ₹86.35
India Household Products Industry PB Ratio Median Figure of 6 Publicly-Listed Household Products Companies 2.39x
India Market PB Ratio Median Figure of 3,642 Publicly-Listed Companies 1.05x
NSEI:EVEREADY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:531508 Share Price ÷ Book Value per Share (both in INR)

= 86.35 ÷ 47.15

1.83x

* Primary Listing of Eveready Industries India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eveready Industries India is good value based on assets compared to the IN Household Products industry average.
X
Value checks
We assess Eveready Industries India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check)
  5. Eveready Industries India has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EVEREADY Future Performance

 How is Eveready Industries India expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eveready Industries India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15%
Expected Household Products industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eveready Industries India expected to grow at an attractive rate?
  • Unable to compare Eveready Industries India's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Eveready Industries India's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Eveready Industries India's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:EVEREADY Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Household Products Industry Earnings Growth Rate Market Cap Weighted Average 15%
Global Household Products Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:EVEREADY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:EVEREADY Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:EVEREADY Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 14,564 808 532
2017-03-31 13,572 821 935
2016-03-31 13,237 1,247 690

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Eveready Industries India is high growth as no earnings estimate data is available.
  • Unable to determine if Eveready Industries India is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:EVEREADY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Eveready Industries India Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:EVEREADY Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:EVEREADY Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 7.31
2017-03-31 12.87
2016-03-31 9.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Eveready Industries India will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Eveready Industries India is trading at Eveready Industries India'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Eveready Industries India's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Household companies here
  3. Eveready Industries India's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Eveready Industries India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eveready Industries India has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EVEREADY Past Performance

  How has Eveready Industries India performed over the past 5 years?

  • Eveready Industries India's last earnings update was 290 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eveready Industries India's growth in the last year to its industry (Household Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Eveready Industries India's year on year earnings growth rate was positive over the past 5 years.
  • Eveready Industries India's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Eveready Industries India's 1-year earnings growth is negative, it can't be compared to the IN Household Products industry average.
Earnings and Revenue History
Eveready Industries India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eveready Industries India Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:EVEREADY Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 14,563.79 531.59 2,415.26
2017-03-31 13,572.41 935.28 2,112.60
2016-03-31 13,236.64 690.26 2,046.52
2015-03-31 12,789.20 489.26 1,853.64
2014-03-31 11,534.07 135.91 2,315.09
2013-03-31 10,353.27 50.76 2,132.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Eveready Industries India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eveready Industries India used its assets less efficiently than the IN Household Products industry average last year based on Return on Assets.
  • Eveready Industries India has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eveready Industries India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eveready Industries India has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EVEREADY Health

 How is Eveready Industries India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eveready Industries India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eveready Industries India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eveready Industries India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eveready Industries India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eveready Industries India Company Filings, last reported 1 year ago.

NSEI:EVEREADY Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 3,427.26 2,640.02 49.97
2017-03-31 2,895.02 2,160.96 50.33
2016-03-31 2,062.96 2,004.30 72.16
2015-03-31 6,246.04 2,277.54 70.81
2014-03-31 5,934.64 2,250.54 11.21
2013-03-31 5,841.35 2,761.29 45.74
  • Eveready Industries India's level of debt (77%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (47.2% vs 77% today).
  • Debt is well covered by operating cash flow (30.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
X
Financial health checks
We assess Eveready Industries India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eveready Industries India has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EVEREADY Dividends

 What is Eveready Industries India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.74%
Current annual income from Eveready Industries India dividends.
If you bought ₹2,000 of Eveready Industries India shares you are expected to receive ₹35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Eveready Industries India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.54%).
  • Eveready Industries India's dividend is below the markets top 25% of dividend payers in India (2.01%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:EVEREADY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Asia Household Products Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1408 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:EVEREADY Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:EVEREADY Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-29 1.500 0.787
2017-08-09 0.000 0.000
2017-05-30 0.000 0.000
2016-06-21 2.000 0.786
2015-07-24 2.000 0.755
2015-07-02 0.000 0.000
2015-05-11 0.000 0.000
2014-05-05 0.500 0.433
2013-05-29 0.000 0.000
2012-06-14 0.000 0.000
2012-06-04 0.000 0.000
2011-08-10 0.500 1.850
2010-07-30 0.500 0.954
2010-04-15 0.500 0.804

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eveready Industries India has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Eveready Industries India only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Eveready Industries India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Eveready Industries India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eveready Industries India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eveready Industries India has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EVEREADY Management

 What is the CEO of Eveready Industries India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Amritanshu Khaitan
COMPENSATION ₹40,184,062
AGE 36
TENURE AS CEO 5 years
CEO Bio

Mr. Amritanshu K. Khaitan, B.Com (Hons.), MBA (London), has been the Managing Director of Eveready Industries India Limited since May 5, 2014. Mr. Khaitan serves as an Executive Director of Eveready Industries Ltd. He served as a Non-Executive Director at McNally Bharat Engineering Co. Ltd. since October 31, 2006 until December 17, 2018. He has been a Non-Executive Director for Kilburn Engineering since May 27, 2005. He has been a Non-Executive Director at McLeod Russel India Limited and Williamson Magor & Co. Limitd since March 31, 2015. Mr. Khaitan serves as a Director of Litez India Limited., Ichamati Investments Limited., Nitya Holdings & Properties (P) Limited., Queens Park Property Co. Limited., United Machine Co. Limited., Seajuli Developers & Finance Limited and Prana Lifestyle Private Limited. He served as a Director at Kilburn Office Automation Ltd until December 1, 2006. He served as an Executive Director of Eveready Industries Ltd. since August 10, 2011. Mr. Khaitan has an MBA from London Business School.

CEO Compensation
  • Amritanshu's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Amritanshu's remuneration is higher than average for companies of similar size in India.
Management Team

Amritanshu Khaitan

TITLE
MD & Executive Director
COMPENSATION
₹40M
AGE
36
TENURE
5 yrs

Suvamoy Saha

TITLE
Whole Time Director
COMPENSATION
₹30M
AGE
59

S. Mukherjee

TITLE
President
COMPENSATION
₹3M
AGE
43

Indranil Chowdhury

TITLE
Joint Chief Financial Officer
AGE
49

Bibhu Saha

TITLE
Joint Chief Financial Officer
AGE
52

Tehnaz Punwani

TITLE
VP of Legal
Board of Directors Tenure

Average tenure and age of the Eveready Industries India board of directors in years:

2
Average Tenure
56.5
Average Age
  • The average tenure for the Eveready Industries India board of directors is less than 3 years, this suggests a new board.
Board of Directors

AK Khaitan

TITLE
Non-Executive Vice Chairman
COMPENSATION
₹370K
AGE
50

Amritanshu Khaitan

TITLE
MD & Executive Director
COMPENSATION
₹40M
AGE
36

BMK Khaitan

TITLE
Chairman Emeritus
COMPENSATION
₹300K
AGE
91
TENURE
0.1 yrs

Suvamoy Saha

TITLE
Whole Time Director
COMPENSATION
₹30M
AGE
59
TENURE
14.2 yrs

Subir Dasgupta

TITLE
Non-Executive Independent Director
COMPENSATION
₹480K
AGE
73
TENURE
12 yrs

Aniruddha Roy

TITLE
Additional Independent Director
COMPENSATION
₹2M
AGE
73
TENURE
0.7 yrs

Ajay Kaul

TITLE
Non-Executive Independent Director
COMPENSATION
₹300K
AGE
54
TENURE
2 yrs

Arundhuti Dhar

TITLE
Independent Director
AGE
45
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
27. Sep 18 Buy Williamson Magor & Co. Limited Company 26. Sep 18 26. Sep 18 190,000 ₹211.97 ₹40,274,688
28. Jun 18 Buy Williamson Financial Services Limited Company 25. Jun 18 26. Jun 18 20,000 ₹235.23 ₹4,696,928
27. Jun 18 Buy Williamson Financial Services Limited Company 25. Jun 18 25. Jun 18 15,000 ₹234.56 ₹3,518,358
X
Management checks
We assess Eveready Industries India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eveready Industries India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EVEREADY News

Simply Wall St News

How Eveready Industries India Limited (NSE:EVEREADY) Can Impact Your Portfolio Volatility

The other type, which cannot be diversified away, is the volatility of the entire market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Does Eveready Industries India Limited’s (NSE:EVEREADY) ROCE Reflect Well On The Business?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Is Eveready Industries India Limited's (NSE:EVEREADY) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Eveready Industries India Limited (NSE:EVEREADY), with a market cap of ₹15b. … However, an important fact which most ignore is: how financially healthy is the business? … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

Eveready Industries India's Wonderful 335% Share Price Increase Shows How Capitalism Can Build Wealth

Then look at the Eveready Industries India Limited (NSE:EVEREADY) share price. … Over half a decade, Eveready Industries India managed to grow its earnings per share at 60% a year. … This free interactive report on Eveready Industries India's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

Simply Wall St -

What Does Eveready Industries India Limited's (NSE:EVEREADY) Share Price Indicate?

Eveready Industries India Limited (NSE:EVEREADY), which is in the household products business, and is based in India,. … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at Eveready Industries India’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Should You Be Pleased About The CEO Pay At Eveready Industries India Limited's (NSE:EVEREADY)

In 2014 Amritanshu Khaitan was appointed CEO of Eveready Industries India Limited (NSE:EVEREADY). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Amritanshu Khaitan's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do Institutions Own Eveready Industries India Limited (NSE:EVEREADY) Shares?

A look at the shareholders of Eveready Industries India Limited (NSE:EVEREADY) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Eveready Industries India is not a large company by global standards.

Simply Wall St -

Eveready Industries India Limited (NSE:EVEREADY) Is Employing Capital Very Effectively

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

How Financially Strong Is Eveready Industries India Limited (NSE:EVEREADY)?

While small-cap stocks, such as Eveready Industries India Limited (NSE:EVEREADY) with its market cap of ₹14b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

How Did Eveready Industries India Limited's (NSE:EVEREADY) 16% ROE Fare Against The Industry?

To keep the lesson grounded in practicality, we'll use ROE to better understand Eveready Industries India Limited (NSE:EVEREADY). … Over the last twelve months Eveready Industries India has recorded a ROE of 16%. … View our latest analysis for Eveready Industries India?

Simply Wall St -

EVEREADY Company Info

Description

Eveready Industries India Limited, together with its subsidiaries, manufactures and markets batteries, flashlights, and general lighting and electrical products in India. It offers various batteries comprising zinc carbon, alkaline, and rechargeable batteries under the Eveready, Eveready Ultima, PowerCell, and Uniross brands. The company also provides light emitting diode (LED) and rechargeable torches and lanterns, as well as DigiLED, brass, aluminum, and UltraLED torches under the Eveready and PowerCell brand names. In addition, it offers incandescent and compact fluorescent lamps; LED bulbs, LED battens, indoor luminaries, and outdoor and industrial lighting; and study and portable lamps, fans, and spike guards under the Eveready and PowerCell brand names. Further, the company provides packet tea under the Tez, Jaago, and Premium Gold brands; mobile power bank, rechargeable fans, and radios under the Eveready brand; and fruit jellies under the Jollies brand. Additionally, it is involved in the distribution of electrical products and small home appliances under the Eveready brand. The company markets and sells its products through a network of approximately 42 distribution centers, 5000 distribution points, and 18 sales office branches. It also exports its products. Eveready Industries India Limited was founded in 1905 and is based in Kolkata, India.

Details
Name: Eveready Industries India Limited
EVEREADY
Exchange: NSEI
Founded: 1905
₹5,978,527,135
72,687,260
Website: http://www.evereadyindia.com
Address: Eveready Industries India Limited
2, Rainey Park,
Kolkata,
West Bengal, 700019,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 531508 Equity Shares Mumbai Stock Exchange IN INR 24. May 1996
NSEI EVEREADY Equity Shares National Stock Exchange of India IN INR 24. May 1996
Number of employees
Current staff
Staff numbers
0
Eveready Industries India employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 12:49
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2018/05/29
Last earnings filing: 2018/08/07
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.