Everest Kanto Cylinder Ltd

Everest Kanto Cylinder Ltd

₹ 128 -0.71%
24 Jun - close price
About

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]

Key Points

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]

  • Market Cap 1,437 Cr.
  • Current Price 128
  • High / Low 179 / 107
  • Stock P/E 14.5
  • Book Value 98.1
  • Dividend Yield 0.55 %
  • ROCE 11.3 %
  • ROE 9.47 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 11.7% over past five 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

Sector: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
284 335 421 464 479 381 340 256 298 268 299 329 326
243 246 310 367 384 320 304 242 248 231 258 278 295
Operating Profit 41 89 112 97 94 60 36 14 50 37 41 52 31
OPM % 14% 26% 26% 21% 20% 16% 11% 6% 17% 14% 14% 16% 9%
-5 19 3 1 2 1 1 -19 1 3 0 3 -2
Interest 7 2 2 2 3 2 3 3 3 2 2 2 2
Depreciation 8 9 9 9 9 9 10 10 11 9 10 10 11
Profit before tax 20 97 103 87 84 50 25 -17 37 28 30 43 17
Tax % 78% 29% 31% 31% 23% 23% 25% -5% 1% 24% 12% 15% 21%
4 69 71 60 65 39 18 -18 36 22 26 36 13
EPS in Rs 0.40 6.17 6.32 5.36 5.78 3.45 1.65 -1.56 3.24 1.94 2.35 3.27 1.29
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
543 491 472 506 564 539 702 761 949 1,699 1,274 1,223
571 510 466 500 512 463 623 667 783 1,299 1,114 1,062
Operating Profit -28 -19 6 6 52 76 79 93 166 399 160 160
OPM % -5% -4% 1% 1% 9% 14% 11% 12% 18% 24% 13% 13%
16 7 25 -2 107 21 0 1 43 21 -11 5
Interest 41 58 60 55 47 36 38 38 28 14 15 8
Depreciation 70 68 71 72 34 32 30 43 35 35 40 39
Profit before tax -123 -138 -98 -123 78 28 12 12 146 372 95 118
Tax % -7% -0% 1% -1% 0% 16% -405% 83% 38% 29% 20% 17%
-132 -138 -98 -124 78 24 58 2 90 265 76 98
EPS in Rs -12.30 -12.89 -9.12 -11.06 6.98 2.08 5.23 0.27 8.02 23.63 6.79 8.84
Dividend Payout % -2% 0% 0% 0% 0% 0% 0% 0% 4% 3% 10% 8%
Compounded Sales Growth
10 Years: 10%
5 Years: 12%
3 Years: 9%
TTM: -4%
Compounded Profit Growth
10 Years: 11%
5 Years: 11%
3 Years: 16%
TTM: 13%
Stock Price CAGR
10 Years: 21%
5 Years: 39%
3 Years: 9%
1 Year: 4%
Return on Equity
10 Years: 6%
5 Years: 13%
3 Years: 16%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 21 21 21 22 22 22 22 22 22 22 22 22
Reserves 601 500 416 321 400 421 495 516 606 880 977 1,078
551 581 590 578 544 377 337 294 203 114 96 65
123 116 113 120 170 131 180 215 222 284 297 247
Total Liabilities 1,297 1,218 1,141 1,042 1,136 952 1,034 1,047 1,054 1,301 1,392 1,413
636 632 560 512 423 340 329 339 312 334 392 411
CWIP 35 28 25 28 14 8 18 26 46 38 64 82
Investments 0 0 0 0 3 4 3 3 3 3 3 44
626 558 555 501 695 599 683 679 692 926 932 876
Total Assets 1,297 1,218 1,141 1,042 1,136 952 1,034 1,047 1,054 1,301 1,392 1,413

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
34 36 66 31 74 -21 54 107 84 165 106 226
5 -7 2 -5 -1 224 22 -18 75 -60 -77 -121
-32 -32 -44 -57 -74 -203 -76 -82 -118 -113 -43 -74
Net Cash Flow 7 -3 23 -31 -0 0 -1 7 41 -8 -14 32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 61 83 70 77 75 61 63 57 63 49 53 52
Inventory Days 497 393 424 368 352 406 316 270 227 175 286 271
Days Payable 55 56 64 73 102 53 58 59 53 40 28 31
Cash Conversion Cycle 503 420 431 371 325 413 322 268 236 184 311 291
Working Capital Days 302 231 257 217 240 287 193 162 142 121 177 166
ROCE % -7% -7% -3% -6% 3% 7% 6% 7% 16% 41% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39%
0.07% 0.16% 0.56% 0.37% 0.79% 0.65% 0.51% 0.49% 0.31% 0.41% 0.63% 0.70%
0.37% 0.33% 0.51% 0.34% 0.33% 0.33% 0.33% 0.13% 0.79% 0.79% 0.79% 0.19%
32.17% 32.12% 31.54% 31.91% 31.49% 31.62% 31.79% 31.99% 31.51% 31.40% 31.20% 31.73%
No. of Shareholders 61,68147,93742,43045,82149,16358,32561,96962,82659,29264,78067,33173,601

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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