Eveready Industries Adjusts Valuation Grade Amidst Competitive Battery Market Dynamics

Eveready Industries India has recently undergone a valuation adjustment, reflecting its current financial metrics and market position within the battery industry. The company's price-to-earnings ratio stands at 27.92, while its price-to-book value is recorded at 5.11. Additionally, the enterprise value to EBITDA ratio is 16.48, and the EV to EBIT ratio is noted at 20.64. The PEG ratio is particularly noteworthy at 0.24, indicating a favorable growth outlook relative to its earnings.
In terms of profitability, Eveready showcases a return on capital employed (ROCE) of 16.48% and a return on equity (ROE) of 17.22%. The dividend yield is modest at 0.33%, which may appeal to certain investors seeking income.

When comparing Eveready to its peers, it is essential to note that while the company has faced challenges in stock performance over various periods, including a year-to-date return of -21.65%, it has significantly outperformed the Sensex over a five-year horizon, with a return of 513.97%. This performance highlights the company's resilience and potential within the competitive landscape of the battery industry.