Everest Kanto Cylinder Ltd

About

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

  • Market Cap 315 Cr.
  • Current Price 28.0
  • High / Low 35.0 / 9.45
  • Stock P/E 116
  • Book Value 48.0
  • Dividend Yield 0.00 %
  • ROCE 6.77 %
  • ROE 0.62 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.58 times its book value

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 10.00% over past five years.
  • Company has a low return on equity of 5.68% for last 3 years.
  • Promoters have pledged 44.50% of their holding.

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
130.27 131.37 155.13 156.05 172.73 185.99 187.32 191.52 179.14 191.20 198.66 171.84
111.05 117.52 123.01 131.67 165.86 170.48 165.12 166.07 165.52 168.69 180.67 141.19
Operating Profit 19.22 13.85 32.12 24.38 6.87 15.51 22.20 25.45 13.62 22.51 17.99 30.65
OPM % 14.75% 10.54% 20.71% 15.62% 3.98% 8.34% 11.85% 13.29% 7.60% 11.77% 9.06% 17.84%
Other Income 2.92 13.90 8.02 3.03 1.98 13.47 -11.22 2.07 4.46 1.42 4.09 0.46
Interest 8.08 8.24 8.85 9.32 8.51 8.77 9.02 8.50 8.35 10.24 8.77 7.56
Depreciation 7.07 7.04 7.00 7.13 7.36 7.51 8.29 9.66 11.30 10.48 11.90 9.02
Profit before tax 6.99 12.47 24.29 10.96 -7.02 12.70 -6.33 9.36 -1.57 3.21 1.41 14.53
Tax % 0.00% 5.29% 16.30% 14.14% 26.64% 26.30% 787.84% 22.54% -128.03% 129.28% 141.84% 57.81%
Net Profit 6.87 11.81 20.33 9.39 -5.00 9.36 43.59 7.35 -3.44 -0.84 -0.09 6.23
EPS in Rs 0.61 1.05 1.81 0.84 -0.45 0.83 3.88 0.66 -0.31 -0.07 -0.01 0.56
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
856 650 779 677 543 491 472 506 564 539 702 761 741
605 591 639 605 571 510 466 500 546 463 631 669 656
Operating Profit 252 59 141 72 -28 -19 6 6 18 76 71 91 85
OPM % 29% 9% 18% 11% -5% -4% 1% 1% 3% 14% 10% 12% 11%
Other Income 9 60 9 8 16 7 25 -2 142 21 9 3 10
Interest 32 14 11 21 41 58 60 55 47 36 38 38 35
Depreciation 69 57 64 67 70 68 71 72 34 32 30 43 43
Profit before tax 160 48 75 -8 -123 -138 -98 -123 78 28 12 12 18
Tax % 14% 13% 6% 155% -7% -0% 1% -1% 0% 16% -405% 83%
Net Profit 138 42 71 4 -132 -138 -98 -124 78 23 59 3 2
EPS in Rs 13.59 4.10 6.58 0.40 -12.30 -12.89 -9.12 -11.06 6.98 2.08 5.23 0.27 0.17
Dividend Payout % 9% 29% 23% 62% -2% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:2%
5 Years:10%
3 Years:10%
TTM:0%
Compounded Profit Growth
10 Years:-22%
5 Years:15%
3 Years:29%
TTM:-95%
Stock Price CAGR
10 Years:-14%
5 Years:26%
3 Years:-16%
1 Year:7%
Return on Equity
10 Years:-6%
5 Years:-3%
3 Years:6%
Last Year:1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
20 20 21 21 21 21 21 22 22 22 22 22
Reserves 599 601 737 797 601 500 416 321 400 421 495 516
Borrowings 622 502 371 456 551 581 590 578 544 377 337 294
205 155 159 143 123 116 113 120 170 131 180 212
Total Liabilities 1,447 1,278 1,289 1,417 1,297 1,218 1,141 1,042 1,136 952 1,034 1,045
532 545 560 678 636 632 560 512 423 340 329 339
CWIP 198 162 131 35 35 28 25 28 14 8 18 26
Investments 2 4 35 0 0 0 0 0 3 4 3 3
714 566 563 704 626 558 555 501 695 599 683 677
Total Assets 1,447 1,278 1,289 1,417 1,297 1,218 1,141 1,042 1,136 952 1,034 1,045

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
172 199 151 -64 34 36 66 31 74 -21 54 92
-504 -55 -86 6 5 -7 2 -5 -1 224 22 -3
306 -124 -75 23 -32 -32 -44 -57 -74 -203 -76 -82
Net Cash Flow -27 21 -10 -35 7 -3 23 -31 -0 0 -1 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 19% 5% 8% 1% -7% -7% -3% -6% 3% 7% 6% 7%
Debtor Days 42 52 54 70 61 83 70 77 75 61 63 57
Inventory Turnover 1.13 1.10 1.53 1.09 0.79 0.94 0.94 1.06 1.12 1.03 1.37 1.48

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
66.17 66.17 66.51 66.59 66.59 66.60 66.66 66.95 66.95 67.08 67.39 67.39
0.06 0.06 0.19 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14
0.28 0.33 0.28 0.39 0.31 0.28 0.23 0.28 0.01 0.00 0.00 0.00
0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.00 0.00 0.00
33.48 33.43 33.02 32.88 32.96 32.98 32.96 32.58 32.90 32.78 32.47 32.47

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