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 ₹ 1,327 Cr.
- Current Price ₹ 118
- High / Low ₹ 164 / 97.0
- Stock P/E 13.5
- Book Value ₹ 115
- Dividend Yield 0.59 %
- ROCE 11.8 %
- ROE 8.92 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 1.03 times its book value
Cons
- Company has a low return on equity of 9.27% over last 3 years.
- Dividend payout has been low at 8.75% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 491 | 472 | 506 | 564 | 539 | 702 | 761 | 949 | 1,699 | 1,274 | 1,223 | 1,499 | 1,536 | |
| 510 | 466 | 500 | 512 | 463 | 623 | 667 | 783 | 1,299 | 1,114 | 1,060 | 1,321 | 1,354 | |
| Operating Profit | -19 | 6 | 6 | 52 | 76 | 79 | 93 | 166 | 399 | 160 | 163 | 179 | 182 |
| OPM % | -4% | 1% | 1% | 9% | 14% | 11% | 12% | 18% | 24% | 13% | 13% | 12% | 12% |
| 7 | 25 | -2 | 107 | 21 | 0 | 1 | 43 | 21 | -11 | 5 | 3 | 10 | |
| Interest | 58 | 60 | 55 | 47 | 36 | 38 | 38 | 28 | 14 | 15 | 10 | 17 | 16 |
| Depreciation | 68 | 71 | 72 | 34 | 32 | 30 | 43 | 35 | 35 | 40 | 39 | 41 | 43 |
| Profit before tax | -138 | -98 | -123 | 78 | 28 | 12 | 12 | 146 | 372 | 95 | 118 | 124 | 133 |
| Tax % | 0% | -1% | 1% | 0% | 16% | -405% | 83% | 38% | 29% | 20% | 17% | 21% | |
| -138 | -98 | -124 | 78 | 24 | 58 | 2 | 90 | 265 | 76 | 98 | 98 | 96 | |
| EPS in Rs | -12.89 | -9.12 | -11.06 | 6.98 | 2.08 | 5.23 | 0.27 | 8.02 | 23.63 | 6.79 | 8.84 | 8.73 | 8.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 3% | 10% | 8% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 15% |
| 3 Years: | -4% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 92% |
| 3 Years: | -27% |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 14% |
| 3 Years: | 16% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 500 | 416 | 321 | 400 | 421 | 495 | 516 | 606 | 880 | 977 | 1,078 | 1,184 | 1,265 |
| 581 | 590 | 578 | 544 | 377 | 337 | 294 | 203 | 114 | 96 | 41 | 143 | 197 | |
| 116 | 113 | 120 | 170 | 131 | 180 | 215 | 222 | 284 | 297 | 293 | 295 | 226 | |
| Total Liabilities | 1,218 | 1,141 | 1,042 | 1,136 | 952 | 1,034 | 1,047 | 1,054 | 1,301 | 1,392 | 1,435 | 1,645 | 1,711 |
| 632 | 560 | 512 | 423 | 340 | 329 | 339 | 312 | 334 | 392 | 411 | 417 | 441 | |
| CWIP | 28 | 25 | 28 | 14 | 8 | 18 | 26 | 46 | 38 | 64 | 82 | 163 | 203 |
| Investments | 0 | 0 | 0 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 44 | 64 | 66 |
| 558 | 555 | 501 | 695 | 599 | 683 | 679 | 692 | 926 | 932 | 898 | 1,001 | 1,000 | |
| Total Assets | 1,218 | 1,141 | 1,042 | 1,136 | 952 | 1,034 | 1,047 | 1,054 | 1,301 | 1,392 | 1,435 | 1,645 | 1,711 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36 | 66 | 31 | 74 | -21 | 54 | 107 | 84 | 165 | 106 | 226 | 58 | |
| -7 | 2 | -5 | -1 | 224 | 22 | -18 | 75 | -60 | -77 | -122 | -137 | |
| -32 | -44 | -57 | -74 | -203 | -76 | -82 | -118 | -113 | -43 | -74 | 77 | |
| Net Cash Flow | -3 | 23 | -31 | -0 | 0 | -1 | 7 | 41 | -8 | -14 | 30 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 83 | 70 | 77 | 75 | 61 | 63 | 57 | 63 | 49 | 53 | 52 | 61 |
| Inventory Days | 393 | 424 | 368 | 352 | 406 | 316 | 270 | 227 | 175 | 286 | 283 | 228 |
| Days Payable | 56 | 64 | 73 | 102 | 53 | 58 | 59 | 53 | 40 | 28 | 37 | 32 |
| Cash Conversion Cycle | 420 | 431 | 371 | 325 | 413 | 322 | 268 | 236 | 184 | 311 | 298 | 256 |
| Working Capital Days | 67 | 68 | 19 | 97 | 171 | 98 | 75 | 86 | 97 | 150 | 148 | 126 |
| ROCE % | -7% | -3% | -6% | 3% | 7% | 6% | 7% | 16% | 41% | 12% | 12% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Invite of the Earnings Group Conference Call for Q3FY26 on Tuesday, February 17, 2026 at 4:00 p.m. (IST).
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Board Meeting Intimation for The Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2025.
29 Jan - Board meeting Feb 12, 2026 to approve unaudited Q3 and 9M results; trading window closed.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
21 Jan - Resignation of Sanjay Patnaik, GM Plant & Operations (Tarapur); letter enclosed, dated Jan 21, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
13 Jan - Sanjay Patnaik, GM Plant & Operations (Tarapur), resigned; relieved effective January 12, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Certificate for the quarter ended December 31, 2025 as received from MUFG Intime India Private Limited, the Registrar and Share Transfer Agent of the Company.
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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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]