|EVEREADY||Buy : 300||Mar 9, 2021|
|SL : 278||Target : 375|
Overview: Eveready Industries India limited is a Small Cap company with a market capital of Rs 2,141.37 Crore.
About the company: The journey of the company started in India in 1905 though the company got incorporated in 1934. Later in 1993, the company became a part of the Williamson Magor Group.Initially, Eveready’s operations in India started through import of dry cell batteries and then marketing them across major cities. This led to the setting up of manufacturing facilities and a distribution network covering the entire country in order to maximize logistical efficiency and reduce time-to-market. Throughout, Eveready Industries have catered to evolving customer requirements by increasing efficiency of existing products and adding new products to the product portfolio.
Eveready has pan-India state-of-the-art manufacturing facilities at Matia, Lucknow, Noida, Haridwar,Maddur and Kolkata and is supported by a sales and distribution network across the country. For captive consumption, the company has a full-fledged machine design team for special-purpose machine at Chennai.
The company’s flashlight and lighting design and development unit uses the latest computer-aided design technology.
Brands: The company’s brands such as ‘Eveready’, ‘Powercell’ and ‘Uniross’ are dry cell and rechargeable batteries. Flashlights, lanterns, Lamps and luminaires are made under the brand names’Eveready’ and ‘Powercell’. Devices like mobile power banks, rechargeable fans and radio comes under the ‘Eveready’ brand.
Management: Mr. Aditya Khaitan is the Chairman (Non-Executive) and Mr. Amritanshu Khaitan is the Managing Director.
Other Institutions: 0.6%
Sales Report: In the latest quarter (31-12-2020), Eveready has reported a Consolidated Total Income of Rs 351.66 Crore, which is down 8.32 % from last quarter Total Income of Rs 383.58 Crore and up 7.25 % from previous year’s same quarter Total Income of Rs 327.88 Crore. The company’s net profit after tax was Rs 50.42 Crore for the same quarter.
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