Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

On February 28, the Burman Group had announced its intent to take control of the company

Burmans’ promoter status in Eveready Industries hinges on completion of ‘open offer’

The promoter status for Burman family in Eveready Industries, in which it is vying to acquire an additional 26 per cent stake through a Rs 607-crore open offer, hinges on the nod by SEBI

Promoter status in Eveready hinges on completion of ‘open offer’: Burmans

The resolution was approved with 99.16 per cent in favour, Eveready Industries India said in a regulatory filing

Eveready Industries shareholders approve appointment of Suvamoy Saha as MD

Stocks in news: Aarti Industries, Avantel, Bank of India, Eveready Industries, Religare Enterprises, Lemon Tree Hotels, Tech Mahindra, Borosil Renewables, Mindtree and more

Stocks in news: Mindtree, Bank of India, Eveready Industries, Tech Mahindra and more

The company has reported a loss before tax of Rs52.18 crore in Q4FY22 as against a loss of Rs638.01 crore in Q4FY21.

Eveready Industries’ loss narrows during Q4FY22; posts PAT of Rs46.47 crore in FY22

Eveready Industries India reports consolidated net loss of Rs 38.41 crore in the March 2022 quarter

In February, the Burmans had given a mandate to JM Financial Services to buy an additional 5.26% stake in Eveready from the market when it was holding 19.8% in the company. It has also made an open offer for an additional 26% stake in Eveready. The Burmans have been acquiring shares of Eveready as p…

Burman family of Dabur acquires 0.28% in Eveready Industries India Ltd

The company had posted a net loss of Rs 442.53 crore in the January-March period a year ago, it said in a regulatory filing

Eveready Industries posts Rs 38.41 crore net loss in March quarter

Its revenue from operations rose 17.82 per cent to Rs 294.33 crore during the quarter under review. In the year-ago period, the same stood at Rs 249.81 crore.

Eveready Industries posts Rs 38.41 crore loss in Q4

The company had posted a net loss of Rs 442.53 crore in the January-March period a year ago, it said in a regulatory filing.

Eveready Industries posts Rs 38.41 crore loss in Q4 | The Financial Express

Burman Group entities, which include Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, MB Finmart Pvt ltd, Gyan Enterprises Ltd and Chowdry Associates, acquired 78,000 shares on Tuesday that account for 0.11 per cent stake in the company, Eveready Industries India said in a regulatory filing.

Burman Group scales up holding in Eveready Industries to 20.18% | The Financial Express

Eveready Industries India Limited is engaged in the business of marketing of fast moving consumer goods (FMCG), such as dry cell batteries, rechargeable batteries, flashlights, packet tea and general lighting products.

Eveready Industries India Ltd

Eveready Industries India Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Burmans’ promoter status in Eveready Industries hinges on completion of ‘open offer’

Promoter status in Eveready hinges on completion of ‘open offer’: Burmans

Eveready Industries shareholders approve appointment of Suvamoy Saha as MD

Stocks in news: Mindtree, Bank of India, Eveready Industries, Tech Mahindra and more

Eveready Industries’ loss narrows during Q4FY22; posts PAT of Rs46.47 crore in FY22

Eveready Industries India reports consolidated net loss of Rs 38.41 crore in the March 2022 quarter

Burman family of Dabur acquires 0.28% in Eveready Industries India Ltd

Eveready Industries posts Rs 38.41 crore net loss in March quarter

Eveready Industries posts Rs 38.41 crore loss in Q4

Eveready Industries India Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Burmans’ promoter status in Eveready Industries hinges on completion of ‘open offer’

Promoter status in Eveready hinges on completion of ‘open offer’: Burmans

Eveready Industries shareholders approve appointment of Suvamoy Saha as MD

Stocks in news: Mindtree, Bank of India, Eveready Industries, Tech Mahindra and more

Eveready Industries’ loss narrows during Q4FY22; posts PAT of Rs46.47 crore in FY22

Eveready Industries India reports consolidated net loss of Rs 38.41 crore in the March 2022 quarter

Burman family of Dabur acquires 0.28% in Eveready Industries India Ltd

Eveready Industries posts Rs 38.41 crore net loss in March quarter

Eveready Industries posts Rs 38.41 crore loss in Q4

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock