Everest Industries Ltd

₹ 812 6.27%
05 Dec 4:10 p.m.
About

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]

Key Points

Building Products Segment (76% of revenues) [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 - fibre sheets made using a specially developed fibre orientation process.
Everest Supercolor - coloured fibre 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 walls that are impact resistant
Artewood - pre-finished premium plank with teakwood texture
Designer Ceilings - easy to install ceilings and offers instant access to the ventilation system. [2]

  • Market Cap 1,275 Cr.
  • Current Price 812
  • High / Low 975 / 394
  • Stock P/E 33.5
  • Book Value 358
  • Dividend Yield 0.74 %
  • ROCE 13.1 %
  • ROE 8.82 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.7%

Cons

  • The company has delivered a poor sales growth of 3.48% over past five years.
  • Company has a low return on equity of 8.11% over last 3 years.
  • Earnings include an other income of Rs.31.1 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
286.32 276.30 289.67 316.63 271.98 278.57 346.06 353.78 297.40 336.87 373.14 451.79 355.49
288.07 273.00 288.88 278.03 241.48 262.51 318.06 318.92 287.60 320.75 364.73 417.89 349.13
Operating Profit -1.75 3.30 0.79 38.60 30.50 16.06 28.00 34.86 9.80 16.12 8.41 33.90 6.36
OPM % -0.61% 1.19% 0.27% 12.19% 11.21% 5.77% 8.09% 9.85% 3.30% 4.79% 2.25% 7.50% 1.79%
2.47 2.45 1.18 1.04 3.53 1.69 2.63 3.41 13.89 3.46 8.40 10.66 8.60
Interest 2.43 1.43 1.55 1.49 0.77 0.61 1.03 0.64 0.45 0.62 1.44 1.57 1.58
Depreciation 5.91 6.15 5.72 6.17 6.28 6.46 6.40 6.61 6.68 6.97 8.38 8.54 8.48
Profit before tax -7.62 -1.83 -5.30 31.98 26.98 10.68 23.20 31.02 16.56 11.99 6.99 34.45 4.90
Tax % 15.49% 46.45% 33.58% 35.05% 35.43% 35.11% 46.25% 35.27% 35.81% 35.45% 18.88% 37.88% 33.47%
Net Profit -6.44 -0.98 -3.52 20.77 17.42 6.93 12.47 20.08 10.63 7.74 5.67 21.40 3.26
EPS in Rs -4.12 -0.63 -2.25 13.28 11.14 4.43 7.98 12.84 6.80 4.95 3.62 13.65 2.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
723 887 1,014 1,041 1,267 1,313 1,147 1,245 1,404 1,284 1,213 1,361 1,517
657 806 916 1,001 1,185 1,226 1,105 1,153 1,297 1,241 1,100 1,288 1,452
Operating Profit 66 81 98 40 82 87 42 92 107 43 114 73 65
OPM % 9% 9% 10% 4% 6% 7% 4% 7% 8% 3% 9% 5% 4%
12 18 9 12 10 13 9 6 6 9 8 26 31
Interest 6 4 6 13 19 23 21 13 8 7 4 3 5
Depreciation 19 20 22 27 25 26 25 24 21 24 25 29 32
Profit before tax 53 74 79 13 48 51 5 61 85 21 93 67 58
Tax % 23% 29% 33% 29% 29% 31% 25% 17% 24% 35% 38% 34%
Net Profit 41 53 52 9 34 35 4 51 64 14 58 44 38
EPS in Rs 26.99 34.91 34.57 6.02 22.37 22.95 2.59 32.43 41.06 8.78 36.83 28.14 24.30
Dividend Payout % 17% 20% 22% 42% 22% 22% 39% 20% 18% 11% 20% 21%
Compounded Sales Growth
10 Years: 4%
5 Years: 3%
3 Years: -1%
TTM: 19%
Compounded Profit Growth
10 Years: 0%
5 Years: 63%
3 Years: -10%
TTM: -24%
Stock Price CAGR
10 Years: 13%
5 Years: 9%
3 Years: 47%
1 Year: 106%
Return on Equity
10 Years: 10%
5 Years: 10%
3 Years: 8%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
15 15 15 15 15 15 15 16 16 16 16 16 16
Reserves 193 234 275 279 304 332 325 381 437 437 494 528 546
111 81 173 243 301 256 198 84 90 79 8 55 51
160 190 238 290 330 323 302 310 356 317 412 460 472
Total Liabilities 480 521 701 828 950 926 840 791 899 849 931 1,059 1,084
215 220 211 282 321 350 344 341 337 359 355 398 387
CWIP 7 8 37 61 30 2 5 21 26 21 13 19 23
Investments 0 0 0 1 8 28 18 0 0 0 0 0 0
257 293 453 484 591 547 474 429 536 469 562 642 674
Total Assets 480 521 701 828 950 926 840 791 899 849 931 1,059 1,084

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
11 64 -7 42 45 100 59 151 37 56 264 31
-8 -5 -51 -102 -42 -34 -11 -19 -22 -26 -140 36
-4 -43 68 44 36 -79 -86 -123 -16 -46 -79 -18
Net Cash Flow -1 15 9 -16 39 -12 -38 9 -1 -15 45 49

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 16 17 19 28 30 31 31 19 26 19 18 15
Inventory Days 145 118 165 145 140 126 131 127 153 153 143 163
Days Payable 62 55 71 73 68 86 90 77 84 72 92 83
Cash Conversion Cycle 99 80 113 100 102 71 73 69 94 101 68 95
Working Capital Days 36 23 47 36 35 34 39 20 37 37 -9 4
ROCE % 17% 21% 21% 5% 12% 12% 5% 15% 18% 5% 19% 13%

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
50.33 50.74 50.74 50.74 50.74 50.74 50.72 50.72 50.72 50.60 50.60 50.52
1.36 0.89 0.89 0.08 0.20 0.73 1.17 1.85 3.20 5.22 6.32 7.47
0.37 0.42 0.27 0.03 0.33 0.03 0.03 0.03 0.03 0.18 0.18 0.24
0.21 0.21 0.21 0.24 0.24 0.24 0.24 0.28 0.00 0.00 0.00 0.00
47.73 47.74 47.89 48.91 48.49 48.26 47.84 47.12 46.05 44.00 42.89 41.77

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

Concalls