Eveready Industries Adjusts Valuation Grade Amidst Mixed Financial Performance and Growth Challenges

Eveready Industries India has recently undergone an adjustment in its evaluation, reflecting a shift in its valuation grade. The company, which operates in the batteries sector and is classified as a small-cap entity, has seen its valuation grade transition from very attractive to attractive.
Key financial metrics indicate a PE ratio of 27.66 and a price-to-book value of 4.98, suggesting a nuanced perspective on its market positioning. The enterprise value to EBITDA stands at 17.01, while the EV to sales ratio is recorded at 1.93. Additionally, the company has demonstrated a return on capital employed (ROCE) of 15.96% and a return on equity (ROE) of 18.00%, highlighting its operational efficiency.

Despite positive quarterly results over the last eight consecutive quarters, Eveready has faced challenges in long-term growth, with net sales increasing at an annual rate of 1.94% over the past five years. The stock has also shown consistent underperformance against benchmark indices, generating a return of -5.88% over the last year.

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