Everest Industries Ltd
Everest Industries Ltd is one of India’s leading and fastest growing complete building solutions providers. Incorporated in 1934, Everest has a rich history in manufacturing of Building materials and Pre-Engineered Steel Buildings. [1]
- Market Cap ₹ 473 Cr.
- Current Price ₹ 298
- High / Low ₹ 750 / 293
- Stock P/E
- Book Value ₹ 388
- Dividend Yield 0.84 %
- ROCE 3.19 %
- ROE 1.64 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.77 times its book value
- Company has been maintaining a healthy dividend payout of 22.0%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.86% over past five years.
- Company has a low return on equity of 4.05% over last 3 years.
- Contingent liabilities of Rs.346 Cr.
- Earnings include an other income of Rs.18.5 Cr.
* 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
Commodities Construction Materials Other Construction Materials Other Construction Materials
Part of BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,041 | 1,267 | 1,313 | 1,147 | 1,245 | 1,404 | 1,284 | 1,213 | 1,361 | 1,645 | 1,589 | 1,707 | 1,489 | |
| 1,001 | 1,185 | 1,226 | 1,105 | 1,153 | 1,297 | 1,241 | 1,100 | 1,288 | 1,576 | 1,544 | 1,671 | 1,486 | |
| Operating Profit | 40 | 82 | 87 | 42 | 92 | 107 | 43 | 114 | 73 | 69 | 45 | 36 | 2 |
| OPM % | 4% | 6% | 7% | 4% | 7% | 8% | 3% | 9% | 5% | 4% | 3% | 2% | 0% |
| 12 | 10 | 13 | 9 | 6 | 6 | 9 | 8 | 26 | 40 | 28 | 35 | 18 | |
| Interest | 13 | 19 | 23 | 21 | 13 | 8 | 7 | 4 | 3 | 32 | 13 | 21 | 20 |
| Depreciation | 27 | 25 | 26 | 25 | 24 | 21 | 24 | 25 | 29 | 34 | 32 | 37 | 35 |
| Profit before tax | 13 | 48 | 51 | 5 | 61 | 85 | 21 | 93 | 67 | 44 | 28 | 14 | -35 |
| Tax % | 29% | 29% | 31% | 25% | 17% | 24% | 35% | 38% | 34% | 1% | 15% | -6% | |
| 9 | 34 | 35 | 4 | 51 | 64 | 14 | 58 | 44 | 43 | 24 | 14 | -21 | |
| EPS in Rs | 6.02 | 22.37 | 22.95 | 2.59 | 32.43 | 41.06 | 8.78 | 36.83 | 28.14 | 27.45 | 15.12 | 9.07 | -13.19 |
| Dividend Payout % | 42% | 22% | 22% | 39% | 20% | 18% | 11% | 20% | 21% | 22% | 17% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 6% |
| 3 Years: | 8% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -12% |
| 5 Years: | -6% |
| 3 Years: | -40% |
| TTM: | -484% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 1% |
| 3 Years: | -26% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 6% |
| 3 Years: | 4% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 15 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 279 | 304 | 332 | 325 | 381 | 437 | 437 | 494 | 528 | 568 | 590 | 607 | 599 |
| 243 | 301 | 256 | 198 | 84 | 90 | 79 | 8 | 55 | 113 | 51 | 160 | 190 | |
| 290 | 330 | 323 | 302 | 310 | 356 | 317 | 412 | 460 | 436 | 496 | 440 | 407 | |
| Total Liabilities | 828 | 950 | 926 | 840 | 791 | 899 | 849 | 931 | 1,059 | 1,133 | 1,153 | 1,223 | 1,211 |
| 282 | 321 | 350 | 344 | 341 | 337 | 359 | 355 | 398 | 388 | 368 | 407 | 407 | |
| CWIP | 61 | 30 | 2 | 5 | 21 | 26 | 21 | 13 | 19 | 14 | 4 | 10 | 3 |
| Investments | 1 | 8 | 28 | 18 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 11 |
| 484 | 591 | 547 | 474 | 429 | 536 | 469 | 562 | 642 | 732 | 780 | 797 | 790 | |
| Total Assets | 828 | 950 | 926 | 840 | 791 | 899 | 849 | 931 | 1,059 | 1,133 | 1,153 | 1,223 | 1,211 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 42 | 45 | 100 | 59 | 151 | 37 | 56 | 264 | 31 | -167 | 196 | -70 | |
| -102 | -42 | -34 | -11 | -19 | -22 | -26 | -140 | 36 | 40 | -81 | -8 | |
| 44 | 36 | -79 | -86 | -123 | -16 | -46 | -79 | -18 | 42 | -84 | 38 | |
| Net Cash Flow | -16 | 39 | -12 | -38 | 9 | -1 | -15 | 45 | 49 | -84 | 31 | -39 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 30 | 31 | 31 | 19 | 26 | 19 | 18 | 15 | 24 | 23 | 34 |
| Inventory Days | 145 | 140 | 126 | 131 | 127 | 153 | 153 | 143 | 163 | 194 | 147 | 149 |
| Days Payable | 73 | 68 | 86 | 90 | 77 | 84 | 72 | 92 | 83 | 63 | 65 | 57 |
| Cash Conversion Cycle | 100 | 102 | 71 | 73 | 69 | 94 | 101 | 68 | 95 | 155 | 105 | 126 |
| Working Capital Days | -22 | -18 | 3 | 11 | 13 | 28 | 30 | -11 | 2 | 46 | 21 | 39 |
| ROCE % | 5% | 12% | 12% | 5% | 15% | 18% | 5% | 19% | 13% | 12% | 5% | 3% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Production Volume - Building Products MT |
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| Production Volume - Steel Buildings (ESBS) MT |
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| Installed Capacity - Building Products MTPA |
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| Installed Capacity - Steel Buildings MTPA |
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| Number of Dealer Outlets Count |
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| Order Book - Steel Buildings (Current) MT |
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| Distribution Reach - Village Coverage Count |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
9h - 25-Mar-2026: EBPL allotted 154,150 partly-paid shares; Everest paid Rs.14,99,87,950; subsidiary still 100% owned.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Board appointed Niranjan Gokhale as Internal Auditor and Chief Risk Officer effective April 8, 2026.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
1d - On March 26, 2026 board recommended Price Waterhouse LLP as statutory auditors for five years from 93rd to 98th AGM.
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Closure of Trading Window
1d - Trading window closed from April 1, 2026 until 48 hours after audited results for quarter/year ending March 31, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
18 Mar - Internal Auditor/CRO Graciano Pinto resigns effective April 7, 2026; Niranjan Gokhale appointed w.e.f April 8, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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Jul 2020Transcript PPT
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Jun 2020Transcript PPT
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Oct 2019Transcript PPT
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Sep 2019TranscriptAI SummaryPPT
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Jul 2019Transcript PPT
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May 2019Transcript PPT
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Jan 2019Transcript PPT
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Oct 2018TranscriptAI SummaryPPT
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Oct 2018Transcript PPT
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Jul 2018Transcript PPT
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May 2018Transcript PPT
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Jan 2018Transcript PPT
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Oct 2017Transcript PPT
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Jul 2017TranscriptPPT
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May 2017Transcript PPT
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Jan 2017TranscriptAI SummaryPPT
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Oct 2016TranscriptAI SummaryPPT
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Sep 2016TranscriptAI SummaryPPT
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Jul 2016TranscriptAI SummaryPPT
Building Products Segment (69% of FY23 revenue) [1]
The segment's product portfolio includes:-
Roofing - one of the largest manufacturers of Asbestos Cement (AC) roofing solutions in India.
Everest Fibre Cement Roof - fiber sheets made using a specially developed fiber orientation process.
Everest Supercolor - colored fiber cement roofing sheets.
Rooflight - high-quality polycarbonate roofing sheets
Hi-Tech - corrugated cement roofing sheet reinforced with strong factory-produced fibers.
Boards & Panels - boards are manufactured from Portland cement, which helps speed up the construction process.
Heavy Duty Boards - helps create impact-resistant walls
Artewood - pre-finished premium plank with teakwood texture
Designer Ceilings - easy-to-install ceilings and offer instant access to the ventilation system. [2]