Eveready Industries India Shows Positive Financial Performance in September 2024 Quarter

Inventory Turnover Ratio- Half Yearly: Lowest at 3.37 times in the last five half yearly periods.Company is taking longer time to sell its inventory.

Eveready Industries India, a smallcap company in the batteries industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

In the last three months, Eveready Inds. has shown positive financial performance, with its score increasing from 26 to 14. This is a result of several factors that are working in the company's favor, as seen in its September 2024 financials.

One of the key highlights is the company's ability to manage its interest payments, with the Operating Profit to Interest ratio being the highest in the last five quarters at 7.64 times. This shows that Eveready Inds. is improving in its ability to handle its debt.

Additionally, the company has also generated higher cash revenues from its business operations, with the Operating Cash Flow being the highest in the last three years at Rs 153.91 crore. This is a positive sign for the company's financial health.

In terms of profitability, Eveready Inds. has shown a positive trend in its Profit After Tax (PAT) in the last five quarters, with the highest being Rs 29.56 crore. This is also reflected in the company's Earnings per Share (EPS), which has been consistently increasing and is at its highest in the last five quarters at Rs 4.07.

Another positive aspect for Eveready Inds. is its Debt-Equity Ratio, which is at its lowest in the last five half yearly periods at 0.65 times. This shows that the company has been reducing its borrowing in comparison to its equity capital.

However, there are some areas that need improvement, as seen in the company's September 2024 financials. The Debtors Turnover Ratio, which measures the pace of settling debtors, is at its lowest in the last five half yearly periods at 8.69 times. Similarly, the Inventory Turnover Ratio, which measures the time taken to sell inventory, is also at its lowest in the last five half yearly periods at 3.37 times.

Overall, Eveready Industries India has shown positive financial performance in the quarter ending September 2024, with some areas that need improvement. Investors are advised to hold their stock and keep an eye on the company's progress in the coming quarters.