Why Eveready Industries (EV stock) could be the best EV stock for 30-year growth. Dive into financials, market trends, and expert analysis. Stay updated with NSE news!
Latest News on EV Stocks & Market Trends
- India’s EV Battery Market Set to Boom (Source: Economic Times)
India’s EV battery market is projected to grow at 30% CAGR by 2030, driven by government incentives and rising demand for affordable EVs. Companies like Eveready, with battery expertise, stand to benefit. - Tesla Eyes Indian Battery Partnerships (Source: Reuters)
Tesla is in talks with Indian battery manufacturers to localize supply chains, signaling opportunities for domestic players like Eveready to tap into global EV trends. - NITI Aayog Pushes for Lithium-Ion Recycling (Source: Business Standard)
A new policy aims to reduce dependency on imports by boosting lithium-ion recycling. Eveready’s focus on sustainable batteries aligns with this vision. - Rising Demand for Rural EV Solutions (Source: Moneycontrol)
Rural India’s EV adoption is accelerating, favoring companies with affordable lighting and energy solutions—Eveready’s core strength.
Why Eveready Could Shine in the EV Boom
With the EV revolution reshaping global markets, Eveready Industries (BSE: 531508, NSE: EVEREADY) is quietly positioning itself as a dark horse. Known for its batteries and energy products, this 90-year-old company might just be the best EV stock for patient investors eyeing 30-year growth. Let’s unpack why.
Eveready’s Financial Snapshot: Key Metrics at a Glance
| Metric | Value |
|---|---|
| Market Cap | ₹2,204 Cr. |
| Current Price | ₹303 |
| High/Low (52-week) | ₹505 / ₹279 |
| Stock P/E | 27.5 |
| Book Value | ₹60.2 |
| Dividend Yield | 0.33% |
| ROCE | 16.2% |
| ROE | 19.1% |
| Face Value | ₹5.00 |
The EV Stock Advantage: Eveready’s Hidden Potential
1. Battery Expertise Meets EV Demand
Eveready’s legacy in dry-cell and rechargeable batteries (brands: Eveready, Powercell, Uniross) gives it a foothold in the EV ecosystem. As India’s EV adoption grows, demand for affordable, localized battery solutions could skyrocket—a niche Eveready is primed to exploit.
2. Debt Reduction & Strong ROE
The company slashed debt significantly, boosting financial flexibility. With a 3-year average ROE of 15.2%, Eveready demonstrates efficient capital use—a green flag for long-term EV stock investors.
3. Rural Electrification Play
Eveready’s LED lighting and small appliances dominate rural markets. As EVs penetrate these areas, the company’s distribution network could fuel cross-selling opportunities.
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Risks to Consider Before Betting on This EV Stock
- High Valuation: Trading at 5x book value, the stock isn’t cheap.
- Slow Sales Growth: -2.69% sales growth over 5 years raises concerns.
- Low Dividends: A 3.63% payout ratio may disappoint income seekers.
Peer Comparison: How Eveready Stacks Up
In the Dry Cells sector, Eveready outperforms peers like Indo National and Panasonic Energy with higher ROCE (16.2%) and robust profit growth (55.77% YoY). Check out how it dominates:
30-Year Growth Outlook: Can Eveready Deliver?
Historical Trends & Future Bets
- 10-Year Stock CAGR: 1% (slow but stable).
- EV Sector Tailwinds: With India targeting 30% EV sales by 2030, Eveready’s battery R&D could pay off.
- Sustainability Focus: Their push into lithium-ion and solar products aligns with global ESG trends.
Uncertainty Alert: Eveready isn’t a pure-play EV stock yet. Success hinges on diversifying into EV components and leveraging existing infrastructure.
Latest NSE News & Updates
For real-time tracking of Eveready’s stock movements, visit NSE’s official page (external link).
Final Verdict: Is This the Best EV Stock for Your Portfolio?
Eveready Industries offers a unique blend of legacy stability and EV-adjacent potential. While not without risks, its debt-free balance sheet and rural dominance make it a speculative best EV stock candidate for long-term portfolios. Pair it with pure-play EV stocks for balanced exposure.
Disclaimer: This article is for informational purposes only, based on NSE news and public data. Consult a financial advisor before investing.
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