Everest Kanto Cylinder Ltd

Everest Kanto Cylinder Limited is engaged in the manufacture of fabricated metal products, except machinery and equipment.

Pros:
Company has reduced debt.
Stock is trading at 0.46 times its book value
Company is expected to give good quarter
Cons:
Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor growth of -0.14% over past five years.
Company has a low return on equity of -10.10% for last 3 years.
Promoters have pledged 45.03% of their holding

Peer Comparison Sector: Packaging // Industry: Packaging

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
141 154 141 129 121 130 131 155 156 173 186 187
132 131 128 117 119 111 118 123 132 166 170 165
Operating Profit 9 23 14 12 3 19 14 32 24 7 16 22
OPM % 6% 15% 10% 9% 2% 15% 11% 21% 16% 4% 8% 12%
Other Income -1 -0 -1 112 2 3 14 8 4 2 13 -11
Interest 12 11 12 12 9 8 8 9 9 9 9 9
Depreciation 11 11 11 8 11 7 7 7 7 7 8 8
Profit before tax -16 0 -10 103 -15 7 12 24 12 -7 13 -6
Tax % -0% 175% 4% -0% -0% 0% 5% 16% 13% 27% 26% 788%
Net Profit -16 -0 -9 103 -15 7 12 20 11 -5 9 44
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
425 528 856 650 779 677 543 491 472 506 564 539 702
309 373 605 591 639 605 571 510 466 500 546 463 633
Operating Profit 116 155 252 59 141 72 -28 -19 6 6 18 76 69
OPM % 27% 29% 29% 9% 18% 11% -5% -4% 1% 1% 3% 14% 10%
Other Income 3 8 9 60 9 8 16 7 25 -2 142 21 9
Interest 5 10 32 14 11 21 41 58 60 55 47 36 36
Depreciation 18 21 69 57 64 67 70 68 71 72 34 32 30
Profit before tax 95 132 160 48 75 -8 -123 -138 -98 -123 78 28 12
Tax % 25% 21% 14% 13% 6% 155% -7% -0% 1% -1% 0% 16%
Net Profit 72 104 138 42 71 4 -132 -138 -98 -124 78 23 59
EPS in Rs 7.18 10.10 13.39 3.90 6.33 0.36 0.00 0.00 0.00 0.00 6.98 2.08
Dividend Payout % 14% 12% 9% 29% 23% 62% -2% -0% -0% -0% 0% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:0.21%
5 Years:-0.14%
3 Years:4.50%
TTM:30.50%
Compounded Profit Growth
10 Years:-15.52%
5 Years:%
3 Years:%
TTM:146.94%
Return on Equity
10 Years:-4.15%
5 Years:-15.68%
3 Years:-10.10%
Last Year:4.43%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
20 20 20 20 21 21 21 21 21 22 22 22 22
Reserves 283 459 599 601 737 797 601 500 416 321 400 421 495
Borrowings 70 239 622 502 371 456 551 581 590 578 544 377 270
107 116 210 171 185 180 151 149 148 120 208 174 238
Total Liabilities 480 834 1,452 1,293 1,314 1,454 1,324 1,251 1,176 1,042 1,174 994 1,025
114 154 532 545 560 678 636 632 560 512 423 340 329
CWIP 34 131 198 162 131 35 35 28 25 28 14 8 18
Investments 13 12 2 4 35 0 0 0 0 0 3 4 3
318 537 718 582 588 740 653 591 591 501 733 641 675
Total Assets 480 834 1,452 1,293 1,314 1,454 1,324 1,251 1,176 1,042 1,174 994 1,025

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
-23 -39 172 199 151 -64 34 36 66 31 74 64
-68 -176 -504 -55 -86 6 5 -7 2 -5 -1 140
109 233 306 -124 -75 23 -32 -32 -44 -57 -74 -203
Net Cash Flow 18 18 -27 21 -10 -35 7 -3 23 -31 -0 1

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 36% 26% 19% 5% 8% 1% -7% -7% -3% -6% 3% 7%
Debtor Days 49 63 42 52 54 70 61 83 70 77 75 61
Inventory Turnover 5.40 2.64 2.22 1.57 2.54 1.83 1.25 1.34 1.50 1.71 2.02 1.97