Eveready Industries (Rs.60.00) (Code : 531508) :- Co. is the world’s 3rd largest zinc carbon battery player, putting to the market about 130 cr units a year, catering to the entire range of equipments that need portable energy. It has a strong portfolio comprising of dry cell batteries (carbon zinc batteries, rechargeable batteries and alkaline batteries), flashlights (torches), CFLs (Compact Fluorescent Lamps) and packet tea. Interestingly, brand ‘Eveready’ has already celebrated 100 years of existence in India. Its state-ofthe- art manufacturing units are located in Kolkata, Noida, Uttaranchal, Chennai, Lucknow and Maddur. For future growth, company is putting special thrust on its new lighting product business i.e. CFL and GLS products apart from enhancing its traditional batteries & flashlight segment. Of late, company has even introduced digiLED Lanterns which have become quite popular in short time. To set a foothold in international market company has even invested Rs 40 cr to acquire controlling stake in French company called Uniross which is engaged in the manufacturing and marketing of rechargeable batteries and has strong presence in European market. For FY10, its sales grew by 13% to Rs 970 cr where as PAT (excl extraordinary items) zoomed up 130% to Rs 45 cr posting an EPS of Rs 6 on equity of Rs 36 cr having face values as Rs 2/- per share. Although rising zinc prices is a cause of concern, still investors can buy this scrip at current levels. Incidentally, company has booked an extraordinary profit of nearly Rs 100 cr in Q4FY10 on sale of real estate
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