Eveready Industries India Limited DCF Valuation

EVEREADY · Fast Moving Consumer Goods · Current price ₹318.4

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DocStoX fair value
₹834
medium confidence · 60/100
Current price
₹363
Upside to fair value
+129.8%
Estimate range
₹736 – ₹917
5Y profit growth
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Eveready Industries India Limited cash-flow valuation

Our engine did not use a discounted-cash-flow model for Eveready Industries India Limited. It routes each business to the methods that suit it, and a DCF is a poor lens where cash-flow forecasts are fragile or the business is capital-structure driven. The methods it did use, and why, are set out below. Our published estimate is ₹834.

Try your own assumptions

Prefer to build the discounted cash flow yourself? The DCF calculator below opens pre-filled with Eveready Industries India Limited's reported free cash flow, net debt and share count, so you can set your own growth and discount rate.

How we got this fair value

Every number below is part of the same estimate for Eveready Industries India Limited. Nothing here is a target price or a forecast of where the share price will go.

Medium confidence60/100

Workable, with real gaps. Weigh it alongside your own view rather than on its own.

Estimate range ₹736 – ₹917

Why this method for this business

Eveready is an asset-light FMCG player with durable earnings power and a narrow moat. Relative P/E and PEG are the most appropriate models for valuing such businesses, as they reflect earnings power and growth-adjusted multiples.

The models behind the number

Each method is weighted by how well its inputs held up for this company.

Fair multiple (P/E)
₹86770% weight
PEG (growth-implied P/E)
₹73630% weight
  • dcf: Not suitable for an asset-light business with stable cash flows and a clear earnings power model
  • peg: Used as a secondary model to validate the relative P/E approach

What was missing

  • Lack of forward EPS estimates
  • Limited data on brand strength and moat durability
  • Insufficient information on capital allocation efficiency

What drives it

17 inputs, grouped by how strong each claim is
ReportedRead from filings or market data. Verifiable, not our opinion.
Sector-median P/E
31.34×

peer-median

Peers used
4

peer-median

EPS (TTM)
24.52 ₹/share

computed

Own-history median P/E
31.55×

reconstructed (one feature, dampened — not a cap)

Earnings growth
83.1% CAGR

computed

JudgementOur read of the evidence, not a measurement.
Term: quality
-2.5%

quality 50/100 (weak/erratic returns) → discount

Term: growth
+5.9%

durable ~9% CAGR (ROCE 17% > hurdle) → premium

Term: capital_allocation
+0.6%

capital allocation: steady → neutral

Term: financial_strength
+7.2%

financial strength: low leverage (D/E 0.3) → mild premium

Term: history
+0.2%

history: market paid +1% vs sector, dampened ×0.3 (one feature, not the anchor)

Term: sector_rerating
+0.0%

sector re-rating: no sector-norm history → not used

Term: rate_regime
+1.2%

rates: risk-free 6.9% below ~7.1% normal → higher multiple

Term: risk
+0.0%

risk: no analyst-dispersion signal available → neutral (lowers confidence, not PE)

DerivedFalls out of the inputs above: a model output, not an independent input.
Premium vs sector
+12.8%

fundamentals + macro (not capped at own history)

Fair-multiple confidence
75%

data completeness + term agreement

Fair P/E
35.35×

sector median × ∏(1+term) — Dynamic Fair Multiple

Growth-implied P/E
30×

min(growth, 30)

Who computed this

A language model (qwen3:8b) selects the valuation method and the judgement inputs for Eveready Industries India Limited: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.

Estimated 15 Sept 2026. Re-run as new financials and news arrive.

How we value stocks

We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.

Read the full fair-value methodology

More on Eveready Industries India Limited

DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.