Everest Kanto Cylinder Ltd
Everest Kanto Cylinder Ltd (EKC) is engaged in the manufacture of high-pressure seamless gas cylinders along with other cylinders and equipments used for containing and storage of natural gas, liquids and air. [1]
- Market Cap ₹ 1,292 Cr.
- Current Price ₹ 115
- High / Low ₹ 158 / 97.0
- Stock P/E 15.7
- Book Value ₹ 68.8
- Dividend Yield 0.61 %
- ROCE 11.6 %
- ROE 7.94 %
- Face Value ₹ 2.00
Pros
- Company's median sales growth is 22.6% of last 10 years
Cons
- Company has a low return on equity of 8.83% over last 3 years.
- Dividend payout has been low at 13.4% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 204 | 180 | 171 | 244 | 323 | 452 | 490 | 751 | 1,268 | 790 | 772 | 946 | 984 | |
| 234 | 203 | 195 | 207 | 273 | 378 | 411 | 568 | 914 | 678 | 679 | 845 | 836 | |
| Operating Profit | -29 | -23 | -24 | 37 | 49 | 74 | 78 | 183 | 354 | 111 | 92 | 101 | 147 |
| OPM % | -14% | -13% | -14% | 15% | 15% | 16% | 16% | 24% | 28% | 14% | 12% | 11% | 15% |
| 13 | -8 | -26 | 86 | 8 | 7 | -2 | 16 | 11 | 11 | 8 | 7 | -8 | |
| Interest | 50 | 51 | 48 | 37 | 27 | 27 | 28 | 22 | 10 | 9 | 5 | 10 | 12 |
| Depreciation | 22 | 17 | 17 | 15 | 13 | 13 | 23 | 19 | 19 | 22 | 24 | 25 | 25 |
| Profit before tax | -88 | -99 | -114 | 72 | 18 | 41 | 26 | 159 | 335 | 91 | 72 | 74 | 103 |
| Tax % | 0% | -0% | 1% | 0% | 27% | -116% | 39% | 35% | 32% | 21% | 25% | 28% | |
| -88 | -99 | -115 | 71 | 13 | 88 | 16 | 103 | 228 | 72 | 54 | 53 | 71 | |
| EPS in Rs | -8.24 | -9.25 | -10.25 | 6.37 | 1.16 | 7.80 | 1.42 | 9.16 | 20.33 | 6.42 | 4.80 | 4.75 | 6.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 3% | 11% | 15% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 14% |
| 3 Years: | -9% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 24% |
| 3 Years: | -37% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 8% |
| 3 Years: | 14% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 18% |
| 3 Years: | 9% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 262 | 162 | 54 | 130 | 144 | 230 | 244 | 347 | 572 | 636 | 682 | 727 | 749 |
| 397 | 415 | 349 | 332 | 224 | 200 | 158 | 116 | 87 | 50 | 2 | 106 | 128 | |
| 106 | 101 | 213 | 218 | 183 | 232 | 219 | 202 | 168 | 107 | 109 | 118 | 97 | |
| Total Liabilities | 787 | 699 | 639 | 703 | 574 | 683 | 644 | 688 | 849 | 816 | 815 | 974 | 997 |
| 299 | 269 | 254 | 193 | 207 | 200 | 195 | 180 | 196 | 230 | 250 | 248 | 244 | |
| CWIP | 25 | 23 | 24 | 7 | 0 | 8 | 15 | 35 | 30 | 52 | 62 | 110 | 133 |
| Investments | 110 | 91 | 71 | 54 | 45 | 98 | 98 | 40 | 40 | 25 | 66 | 85 | 88 |
| 352 | 315 | 290 | 448 | 321 | 378 | 337 | 434 | 584 | 509 | 438 | 531 | 531 | |
| Total Assets | 787 | 699 | 639 | 703 | 574 | 683 | 644 | 688 | 849 | 816 | 815 | 974 | 997 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24 | -12 | 103 | 43 | -9 | 49 | 96 | 70 | 75 | 92 | 156 | -18 | |
| 8 | 38 | 4 | 8 | 144 | 1 | -23 | 42 | -63 | -43 | -106 | -68 | |
| -33 | -30 | -105 | -53 | -134 | -51 | -69 | -64 | -43 | -55 | -62 | 87 | |
| Net Cash Flow | -1 | -4 | 2 | -1 | 1 | -1 | 4 | 48 | -31 | -6 | -12 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 107 | 87 | 75 | 56 | 68 | 66 | 64 | 56 | 47 | 54 | 58 |
| Inventory Days | 398 | 393 | 317 | 281 | 227 | 172 | 142 | 113 | 107 | 218 | 158 | 164 |
| Days Payable | 142 | 178 | 335 | 274 | 225 | 216 | 160 | 121 | 38 | 24 | 33 | 27 |
| Cash Conversion Cycle | 335 | 322 | 69 | 82 | 58 | 24 | 48 | 56 | 125 | 242 | 179 | 195 |
| Working Capital Days | 142 | 131 | -107 | 51 | 35 | -25 | -55 | 24 | 68 | 145 | 133 | 113 |
| ROCE % | -5% | -4% | -7% | 6% | 12% | 16% | 14% | 36% | 59% | 13% | 11% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 Feb - Q3 revenue Rs365.1cr, PAT Rs35.7cr; approved USD5.5M and Rs30cr capex; Egypt facility operational May 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Feb - Audio recording of Q3 FY26 earnings conference call available on company website, Feb 17, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Feb - Q3 FY26 consolidated revenue Rs365.1cr, EBITDA Rs59.2cr, PAT Rs35.7cr; capex USD5.5m and Rs30cr; Egypt facility by May 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation 13 Feb
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Unaudited Financial Results For The Quarter And Nine Months Ended 31-12-2025
12 Feb - Board approved Q3 and nine-month unaudited results (Dec 31, 2025); Ratadiya capex ₹30 crore; CP Industries capex USD5.5M.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT REC
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Jun 2024Transcript PPT
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Feb 2024TranscriptPPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Sep 2020TranscriptAI SummaryPPT
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Jul 2020TranscriptAI SummaryPPT
Company Overview
Everest Kanto Cylinder (EKC) is a manufacturer of seamless steel gas cylinders with 20 mn + industrial gas and CNG cylinders currently in service. It is the largest Asian manufacturer of High-Pressure gas cylinders. [1]