Everest Industries Ltd

Everest Industries Ltd

₹ 1,207 4.35%
24 Jul - close price
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 (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]

  • Market Cap 1,906 Cr.
  • Current Price 1,207
  • High / Low 1,451 / 865
  • Stock P/E 144
  • Book Value 378
  • Dividend Yield 0.21 %
  • ROCE 3.88 %
  • ROE 2.25 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.8%

Cons

  • Stock is trading at 3.19 times its book value
  • The company has delivered a poor sales growth of 2.27% over past five years.
  • Company has a low return on equity of 6.08% over last 3 years.
  • Earnings include an other income of Rs.24.7 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

Sector: Cement - Products Industry: Cement Products

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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
347.67 354.93 298.19 337.26 374.33 452.57 356.41 392.35 446.30 484.14 307.61 351.59 432.11
319.91 319.81 288.49 321.68 365.77 418.87 350.12 374.58 436.55 463.88 309.30 343.85 417.46
Operating Profit 27.76 35.12 9.70 15.58 8.56 33.70 6.29 17.77 9.75 20.26 -1.69 7.74 14.65
OPM % 7.98% 9.89% 3.25% 4.62% 2.29% 7.45% 1.76% 4.53% 2.18% 4.18% -0.55% 2.20% 3.39%
2.63 3.42 13.88 3.46 8.59 10.66 8.66 1.04 20.24 12.49 6.82 4.53 1.50
Interest 1.03 0.64 0.45 0.62 1.44 1.57 1.59 2.23 26.11 2.67 2.54 3.23 4.31
Depreciation 6.40 6.61 6.68 6.98 8.37 8.54 8.48 8.37 8.38 7.85 8.24 7.90 8.37
Profit before tax 22.96 31.29 16.45 11.44 7.34 34.25 4.88 8.21 -4.50 22.23 -5.65 1.14 3.47
Tax % 46.73% 34.96% 36.05% 37.15% 17.98% 38.10% 33.61% 39.46% -388.00% 20.87% 3.36% 28.07% -56.48%
12.23 20.35 10.52 7.19 6.02 21.20 3.24 4.97 12.96 17.58 -5.84 0.81 5.44
EPS in Rs 7.82 13.01 6.73 4.60 3.84 13.52 2.06 3.16 8.24 11.17 -3.70 0.51 3.45
Raw PDF
Upcoming result date: 1 August 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
652 1,041 1,268 1,313 1,160 1,271 1,408 1,285 1,218 1,365 1,648 1,575
592 1,001 1,186 1,227 1,118 1,181 1,303 1,243 1,105 1,292 1,580 1,534
Operating Profit 60 40 82 86 42 90 105 43 113 73 68 42
OPM % 9% 4% 6% 7% 4% 7% 7% 3% 9% 5% 4% 3%
10 12 10 13 9 10 6 9 8 26 41 25
Interest 10 13 19 23 21 13 8 7 4 3 32 13
Depreciation 18 27 25 26 25 24 21 24 25 29 34 32
Profit before tax 42 13 48 50 4 64 83 21 92 67 43 21
Tax % 28% 29% 29% 32% 32% 17% 25% 35% 38% 34% 1% 15%
30 9 34 34 3 53 62 14 56 44 42 18
EPS in Rs 20.26 5.94 22.39 22.38 1.96 33.96 39.56 8.65 36.06 28.12 26.92 11.40
Dividend Payout % 22% 42% 22% 22% 51% 19% 19% 12% 21% 21% 22% 22%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 9%
TTM: -4%
Compounded Profit Growth
10 Years: 4%
5 Years: -27%
3 Years: -38%
TTM: -69%
Stock Price CAGR
10 Years: 17%
5 Years: 30%
3 Years: 40%
1 Year: 36%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 6%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 15 15 15 16 16 16 16 16 16 16
Reserves 159 279 304 331 323 382 436 437 493 527 566 582
128 243 301 256 198 84 90 79 8 55 113 96
136 290 330 324 309 320 361 317 413 461 437 506
Total Liabilities 438 827 950 927 846 802 902 849 930 1,058 1,132 1,199
220 282 321 350 345 341 337 359 355 398 388 399
CWIP 6 61 32 9 18 21 26 21 13 19 26 80
Investments 0 0 0 0 0 0 0 0 0 0 0 0
211 485 597 567 483 441 539 469 561 641 718 720
Total Assets 438 827 950 927 846 802 902 849 930 1,058 1,132 1,199

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
82 41 43 93 58 148 35 56 264 32 -168 182
-7 -101 -36 -20 -19 -16 -22 -26 -140 36 40 -93
-79 44 36 -78 -86 -123 -16 -46 -79 -18 42 -39
Net Cash Flow -3 -16 42 -5 -47 9 -4 -16 45 50 -85 50

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13 28 30 31 32 20 26 19 17 14 23 22
Inventory Days 126 145 140 126 131 127 153 153 142 163 194 151
Days Payable 63 74 68 86 92 81 86 72 92 83 63 68
Cash Conversion Cycle 76 100 102 71 71 66 94 100 68 94 154 105
Working Capital Days 45 36 36 36 38 19 37 36 -10 3 57 23
ROCE % 16% 12% 12% 4% 15% 18% 5% 18% 13% 11% 4%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
50.72% 50.72% 50.60% 50.60% 50.52% 50.44% 50.42% 50.39% 50.30% 50.28% 50.25% 50.23%
1.85% 3.20% 5.22% 6.32% 7.47% 10.27% 10.67% 10.63% 10.50% 10.46% 10.44% 10.46%
0.03% 0.03% 0.18% 0.18% 0.24% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
0.28% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
47.12% 46.05% 44.00% 42.89% 41.77% 39.27% 38.87% 38.94% 39.17% 39.22% 39.28% 39.28%
No. of Shareholders 28,43425,65924,94724,56923,38321,94621,25520,53819,40419,91219,94819,640

* 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.

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

Documents

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