Everest Kanto Cylinder Ltd

₹ 97.6 2.41%
25 Nov - 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

Product Portfolio
The Co’s product portfolio consists of Industrial Gas Cylinders, CNG Cylinders, Jumbo Cylinders and Composite Cylinders. These cylinders are used in a variety of industries such as fire equipment/suppression systems, medical establishments, aerospace/defence, and automobiles apart from some specialised usage areas. [1]

  • Market Cap 1,096 Cr.
  • Current Price 97.6
  • High / Low 292 / 90.5
  • Stock P/E 5.88
  • Book Value 88.2
  • Dividend Yield 0.72 %
  • ROCE 40.9 %
  • ROE 33.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Stock is trading at 1.11 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 68.1% 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
179 191 199 172 246 247 284 335 421 464 479 381 340
166 170 181 141 199 200 243 246 310 367 384 320 304
Operating Profit 14 21 18 31 47 47 41 89 112 97 94 60 36
OPM % 8% 11% 9% 18% 19% 19% 14% 26% 26% 21% 20% 16% 11%
4 3 4 0 14 32 -5 19 3 1 2 1 1
Interest 8 10 9 8 6 5 7 2 2 2 3 2 3
Depreciation 11 10 12 9 9 9 8 9 9 9 9 9 10
Profit before tax -2 3 1 15 46 65 20 97 103 87 84 50 25
Tax % -128% 129% 142% 58% 37% 22% 78% 29% 31% 31% 23% 23% 25%
Net Profit -4 -1 -1 6 29 50 4 69 71 60 65 39 18
EPS in Rs -0.31 -0.07 -0.01 0.56 2.58 4.49 0.40 6.17 6.32 5.36 5.78 3.45 1.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
779 677 543 491 472 506 564 539 702 761 949 1,699 1,663
639 605 571 510 466 500 512 463 623 667 783 1,299 1,375
Operating Profit 141 72 -28 -19 6 6 52 76 79 93 166 399 288
OPM % 18% 11% -5% -4% 1% 1% 9% 14% 11% 12% 18% 24% 17%
9 8 16 7 25 -2 107 21 0 1 43 21 5
Interest 11 21 41 58 60 55 47 36 38 38 28 14 11
Depreciation 64 67 70 68 71 72 34 32 30 43 35 35 36
Profit before tax 75 -8 -123 -138 -98 -123 78 28 12 12 146 372 247
Tax % 6% 155% -7% -0% 1% -1% 0% 16% -405% 83% 38% 29%
Net Profit 70 5 -132 -138 -98 -124 78 24 58 2 90 265 182
EPS in Rs 6.58 0.40 -12.30 -12.89 -9.12 -11.06 6.98 2.08 5.23 0.27 8.02 23.63 16.24
Dividend Payout % 23% 62% -2% 0% 0% 0% 0% 0% 0% 0% 4% 3%
Compounded Sales Growth
10 Years: 10%
5 Years: 25%
3 Years: 34%
TTM: 29%
Compounded Profit Growth
10 Years: 51%
5 Years: 68%
3 Years: 64%
TTM: 15%
Stock Price CAGR
10 Years: 13%
5 Years: 13%
3 Years: 61%
1 Year: -39%
Return on Equity
10 Years: -2%
5 Years: 15%
3 Years: 17%
Last Year: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
21 21 21 21 21 22 22 22 22 22 22 22 22
Reserves 737 797 601 500 416 321 400 421 495 516 606 880 967
371 456 551 581 590 578 544 377 337 294 203 114 152
159 143 123 116 113 120 170 131 180 215 222 284 242
Total Liabilities 1,289 1,417 1,297 1,218 1,141 1,042 1,136 952 1,034 1,047 1,054 1,301 1,383
560 678 636 632 560 512 423 340 329 339 312 334 346
CWIP 131 35 35 28 25 28 14 8 18 26 46 38 72
Investments 35 0 0 0 0 0 3 4 3 3 3 3 3
563 704 626 558 555 501 695 599 683 679 692 926 963
Total Assets 1,289 1,417 1,297 1,218 1,141 1,042 1,136 952 1,034 1,047 1,054 1,301 1,383

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
151 -64 34 36 66 31 74 -21 54 107 84 165
-86 6 5 -7 2 -5 -1 224 22 -18 75 -60
-75 23 -32 -32 -44 -57 -74 -203 -76 -82 -118 -113
Net Cash Flow -10 -35 7 -3 23 -31 -0 0 -1 7 41 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 54 70 61 83 70 77 75 61 63 57 63 49
Inventory Days 238 485 497 393 424 368 352 406 316 270 227 175
Days Payable 78 78 55 56 64 73 102 53 58 59 53 40
Cash Conversion Cycle 214 476 503 420 431 371 325 413 322 268 236 184
Working Capital Days 126 140 302 231 257 217 240 287 193 162 142 121
ROCE % 8% 1% -7% -7% -3% -6% 3% 7% 6% 7% 16% 41%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
66.95 67.08 67.39 67.39 67.39 67.39 67.39 67.39 67.39 67.39 67.39 67.39
0.14 0.14 0.14 0.14 0.14 0.09 0.07 0.16 0.56 0.37 0.79 0.65
0.01 0.00 0.00 0.00 0.47 0.46 0.37 0.33 0.51 0.34 0.33 0.33
32.90 32.78 32.47 32.47 32.01 32.06 32.17 32.12 31.54 31.91 31.49 31.62

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