Everest Kanto Cylinder Ltd

Everest Kanto Cylinder Ltd

₹ 157 -1.56%
23 Feb 4:01 p.m.
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

Product Portfolio
The company’s wide and versatile range includes Industrial Gas Cylinders, CNG Cylinders, CNG Cylinder Cascades, Jumbo Cylinders, Jumbo Skids, and Composite Cylinders. [1]

  • Market Cap 1,765 Cr.
  • Current Price 157
  • High / Low 179 / 74.6
  • Stock P/E 14.5
  • Book Value 93.3
  • Dividend Yield 0.45 %
  • ROCE 11.9 %
  • ROE 9.29 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 35.6% CAGR over last 5 years

Cons

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
247 284 335 421 464 479 381 340 256 298 268 299 329
200 243 246 310 367 384 320 304 242 248 231 258 278
Operating Profit 47 41 89 112 97 94 60 36 14 50 37 41 52
OPM % 19% 14% 26% 26% 21% 20% 16% 11% 6% 17% 14% 14% 16%
32 -5 19 3 1 2 1 1 -19 1 3 0 3
Interest 5 7 2 2 2 3 2 3 3 3 2 2 2
Depreciation 9 8 9 9 9 9 9 10 10 11 9 10 10
Profit before tax 65 20 97 103 87 84 50 25 -17 37 28 30 43
Tax % 22% 78% 29% 31% 31% 23% 23% 25% -5% 1% 24% 12% 15%
50 4 69 71 60 65 39 18 -18 36 22 26 36
EPS in Rs 4.49 0.40 6.17 6.32 5.36 5.78 3.45 1.65 -1.56 3.24 1.94 2.35 3.27
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
677 543 491 472 506 564 539 702 761 949 1,699 1,274 1,195
605 571 510 466 500 512 463 623 667 783 1,299 1,114 1,015
Operating Profit 72 -28 -19 6 6 52 76 79 93 166 399 160 180
OPM % 11% -5% -4% 1% 1% 9% 14% 11% 12% 18% 24% 13% 15%
8 16 7 25 -2 107 21 0 1 43 21 -11 7
Interest 21 41 58 60 55 47 36 38 38 28 14 15 9
Depreciation 67 70 68 71 72 34 32 30 43 35 35 40 40
Profit before tax -8 -123 -138 -98 -123 78 28 12 12 146 372 95 138
Tax % 155% -7% -0% 1% -1% 0% 16% -405% 83% 38% 29% 20%
5 -132 -138 -98 -124 78 24 58 2 90 265 76 121
EPS in Rs 0.40 -12.30 -12.89 -9.12 -11.06 6.98 2.08 5.23 0.27 8.02 23.63 6.79 10.80
Dividend Payout % 62% -2% 0% 0% 0% 0% 0% 0% 0% 4% 3% 10%
Compounded Sales Growth
10 Years: 9%
5 Years: 19%
3 Years: 19%
TTM: -18%
Compounded Profit Growth
10 Years: 10%
5 Years: 36%
3 Years: 204%
TTM: -3%
Stock Price CAGR
10 Years: 27%
5 Years: 44%
3 Years: 25%
1 Year: 97%
Return on Equity
10 Years: 2%
5 Years: 14%
3 Years: 18%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 21 21 21 21 22 22 22 22 22 22 22 22 22
Reserves 797 601 500 416 321 400 421 495 516 606 880 977 1,024
456 551 581 590 578 544 377 337 294 203 114 96 73
143 123 116 113 120 170 131 180 215 222 284 297 239
Total Liabilities 1,417 1,297 1,218 1,141 1,042 1,136 952 1,034 1,047 1,054 1,301 1,392 1,359
678 636 632 560 512 423 340 329 339 312 334 392 392
CWIP 35 35 28 25 28 14 8 18 26 46 38 64 83
Investments 0 0 0 0 0 3 4 3 3 3 3 3 3
704 626 558 555 501 695 599 683 679 692 926 932 879
Total Assets 1,417 1,297 1,218 1,141 1,042 1,136 952 1,034 1,047 1,054 1,301 1,392 1,359

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-64 34 36 66 31 74 -21 54 107 84 165 106
6 5 -7 2 -5 -1 224 22 -18 75 -60 -77
23 -32 -32 -44 -57 -74 -203 -76 -82 -118 -113 -43
Net Cash Flow -35 7 -3 23 -31 -0 0 -1 7 41 -8 -14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 70 61 83 70 77 75 61 63 57 63 49 53
Inventory Days 485 497 393 424 368 352 406 316 270 227 175 286
Days Payable 78 55 56 64 73 102 53 58 59 53 40 28
Cash Conversion Cycle 476 503 420 431 371 325 413 322 268 236 184 311
Working Capital Days 140 302 231 257 217 240 287 193 162 142 121 177
ROCE % 1% -7% -7% -3% -6% 3% 7% 6% 7% 16% 41% 12%

Shareholding Pattern

Numbers in percentages

12 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39% 67.39%
0.09% 0.07% 0.16% 0.56% 0.37% 0.79% 0.65% 0.51% 0.49% 0.31% 0.41% 0.63%
0.46% 0.37% 0.33% 0.51% 0.34% 0.33% 0.33% 0.33% 0.13% 0.79% 0.79% 0.79%
32.06% 32.17% 32.12% 31.54% 31.91% 31.49% 31.62% 31.79% 31.99% 31.51% 31.40% 31.20%
No. of Shareholders 40,21361,68147,93742,43045,82149,16358,32561,96962,82659,29264,78067,331

* 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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Documents

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