Eveready Industries Adjusts Valuation Score Amidst Steady Financial Performance

Eveready Industries India has recently undergone an adjustment in its evaluation, reflecting a revision in its score. This change is primarily attributed to a shift in the valuation grade, which has transitioned from attractive to fair.
Key financial metrics for Eveready Industries indicate a PE ratio of 34.24 and a price-to-book value of 6.67. The enterprise value to EBITDA stands at 21.53, while the EV to sales ratio is recorded at 2.46. The company's return on capital employed (ROCE) is noted at 15.96%, and the return on equity (ROE) is at 18.00%.

Despite the recent score adjustment, Eveready has demonstrated positive financial performance, with a reported profit after tax of Rs 46.55 crore, reflecting a growth rate of 24.42% over the last six months. The company has consistently declared positive results for the past nine quarters, showcasing strong management efficiency.

However, long-term growth appears limited, as net sales have increased at an annual rate of 3.49% over the past five years.

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