Everest Kanto Cylinder Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,102 Cr
- P/E
- 8.29
- ROE
- 11.29%
- PEG
- 0.44
- Price to sales
- 0.76
- Debt to equity
- 0.14
- 52W high / low
- ₹149 / ₹90.9
- Sales growth (5Y)
- 9.15%
- EBITDA margin
- 13.22%
- Net profit margin
- 9.99%
- Promoter holding
- 67.38%
- Sales (last year)
- ₹1,430 Cr
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]
Guidance scorecard · Q1 FY27 call
What Everest Kanto Cylinder Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ4 FY26 call
10–20%- India business shows strong demand in both CNG and industrial gas applications, with increasing traction in semiconductors and defence sectors, supporting margin expansion.
- U.S. business maintains steady momentum with a healthy order pipeline, focusing on clean energy and specialized industrial applications.
- Expansion initiatives progressing: Mundra facility started production with a 6-month ramp-up expected; Egypt facility to be operational soon, targeting 40% utilization initially, rising to 80% over time.
- Order book for the U.S.A. subsidiary stands at approximately US$75 million, executable over 18 to 24 months.
- Industry outlook remains encouraging, with CNG adoption rising and India expected to remain a multi-fuel economy.
2 more points from Everest Kanto Cylinder Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Everest Kanto Cylinder Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company continues to invest in strategic capacity expansion, maintaining financial discipline to pursue growth opportunities in a calibrated manner.
- Commenced operations at the greenfield Mundra facility, enhancing domestic demand capacity.
- Egypt facility is progressing and expected to commence operations shortly, expanding the global manufacturing footprint.
2 more points from Everest Kanto Cylinder Ltd's call on capex
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FundraisingQ4 FY26 call
See what Everest Kanto Cylinder Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- The order book for Everest Kanto Cylinder's U.S.A. subsidiary is around US$75 million.
- This order book is executable over a period of 18 to 24 months.
- The Middle East business, specifically Dubai, is currently operating at around 50% capacity with an improving order book despite geopolitical challenges.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingEverest Kanto Cylinder Ltd announcements
All announcements →- Capex / expansionNotableEverest Kanto Cylinder Ltd subsidiary starts commercial production in Egypt
Financials of Everest Kanto Cylinder Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Everest Kanto Cylinder Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 256 | 298 | 268 | 299 | 329 | 326 | 343 | 367 | 367 | 422 | 387 | 360 | 365 |
| Expenses + | 242 | 248 | 231 | 258 | 278 | 295 | 301 | 314 | 327 | 384 | 326 | 317 | 306 |
| Operating Profit | 14 | 50 | 37 | 41 | 52 | 31 | 41 | 53 | 40 | 38 | 61 | 43 | 59 |
| OPM % | 6% | 17% | 14% | 14% | 16% | 9% | 12% | 14% | 11% | 9% | 16% | 12% | 16% |
| Other Income + | -19 | 1 | 3 | 0 | 3 | -2 | 4 | 5 | 2 | -4 | 19 | -7 | 7 |
| Interest | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 5 | 4 | 4 | 4 | 3 |
| Depreciation | 10 | 11 | 9 | 10 | 10 | 11 | 10 | 11 | 10 | 11 | 11 | 11 | 14 |
| Profit before tax | -17 | 37 | 28 | 30 | 43 | 17 | 33 | 45 | 27 | 19 | 65 | 21 | 51 |
| Tax % | 5% | 1% | 24% | 12% | 15% | 21% | 15% | 13% | 34% | 31% | 21% | 35% | 29% |
| Net Profit + | -18 | 36 | 22 | 26 | 36 | 13 | 28 | 39 | 18 | 13 | 52 | 14 | 36 |
| EPS in Rs | -1.56 | 3.24 | 1.94 | 2.35 | 3.27 | 1.29 | 2.50 | 3.43 | 1.61 | 1.19 | 4.60 | 1.22 | 3.18 |
Financials of Everest Kanto Cylinder Ltd
Profit & Loss
Annual income statement trend
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 491 | 472 | 506 | 564 | 539 | 702 | 761 | 949 | 1,699 | 1,274 | 1,223 | 1,499 | 1,534 |
| Expenses + | 510 | 466 | 500 | 512 | 463 | 623 | 662 | 783 | 1,299 | 1,114 | 1,060 | 1,321 | 1,333 |
| Operating Profit | -19 | 6 | 6 | 52 | 76 | 79 | 98 | 166 | 399 | 160 | 163 | 179 | 201 |
| OPM % | -4% | 1% | 1% | 9% | 14% | 11% | 13% | 18% | 24% | 13% | 13% | 12% | 13% |
| Other Income + | 7 | 25 | -2 | 107 | 21 | 0 | -4 | 43 | 21 | -11 | 5 | 3 | 15 |
| Interest | 58 | 60 | 55 | 47 | 36 | 38 | 38 | 28 | 14 | 15 | 10 | 17 | 14 |
| Depreciation | 68 | 71 | 72 | 34 | 32 | 30 | 43 | 35 | 35 | 40 | 39 | 41 | 46 |
| Profit before tax | -138 | -98 | -123 | 78 | 28 | 12 | 12 | 146 | 372 | 95 | 118 | 124 | 156 |
| Tax % | 0% | -1% | 1% | 0% | 16% | -405% | 83% | 38% | 29% | 20% | 17% | 21% | |
| Net Profit + | -138 | -98 | -124 | 78 | 24 | 58 | 2 | 90 | 265 | 76 | 98 | 98 | 114 |
| EPS in Rs | -12.89 | -9.12 | -11.06 | 6.98 | 2.08 | 5.23 | 0.27 | 8.02 | 23.63 | 6.79 | 8.84 | 8.73 | 10.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 3% | 10% | 8% | 8% |
Financials of Everest Kanto Cylinder Ltd
Balance Sheet
Capital structure and asset base
| 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 | 21 | 21 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 500 | 416 | 321 | 400 | 421 | 495 | 516 | 606 | 880 | 977 | 1,078 | 1,184 | 1,265 |
| Borrowings + | 581 | 590 | 578 | 544 | 377 | 337 | 294 | 203 | 114 | 96 | 41 | 143 | 197 |
| Other Liabilities + | 116 | 113 | 120 | 170 | 131 | 180 | 212 | 222 | 284 | 297 | 293 | 295 | 226 |
| Total Liabilities | 1,218 | 1,141 | 1,042 | 1,136 | 952 | 1,034 | 1,045 | 1,054 | 1,301 | 1,392 | 1,435 | 1,645 | 1,711 |
| Fixed Assets + | 632 | 560 | 512 | 423 | 340 | 329 | 339 | 312 | 334 | 392 | 411 | 417 | 441 |
| CWIP | 28 | 25 | 28 | 14 | 8 | 18 | 26 | 46 | 38 | 64 | 82 | 163 | 203 |
| Investments | 0 | 0 | 0 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 44 | 64 | 66 |
| Other Assets + | 558 | 555 | 501 | 695 | 599 | 683 | 677 | 692 | 926 | 932 | 898 | 1,001 | 1,000 |
| Total Assets | 1,218 | 1,141 | 1,042 | 1,136 | 952 | 1,034 | 1,045 | 1,054 | 1,301 | 1,392 | 1,435 | 1,645 | 1,711 |
Financials of Everest Kanto Cylinder Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 36 | 66 | 31 | 74 | -21 | 54 | 92 | 85 | 165 | 106 | 226 | 58 |
| Cash from Investing Activity + | -7 | 2 | -5 | -1 | 224 | 22 | -3 | 75 | -60 | -77 | -122 | -137 |
| Cash from Financing Activity + | -32 | -44 | -57 | -74 | -203 | -76 | -82 | -118 | -113 | -43 | -74 | 77 |
| Net Cash Flow | -3 | 23 | -31 | -0 | 0 | -1 | 7 | 42 | -8 | -14 | 30 | -2 |
| Free Cash Flow | 16 | 61 | 14 | 72 | 189 | 51 | 58 | 59 | 84 | 23 | 161 | -63 |
| CFO/OP | -193% | 1,061% | 557% | 146% | -26% | 71% | 104% | 64% | 61% | 77% | 155% | 47% |
Financials of Everest Kanto Cylinder Ltd
Ratios
Working capital efficiency and return ratios
| 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 | 83 | 70 | 77 | 75 | 61 | 63 | 57 | 63 | 49 | 53 | 52 | 61 |
| Inventory Days | 393 | 424 | 368 | 352 | 406 | 316 | 268 | 227 | 175 | 286 | 283 | 228 |
| Days Payable | 56 | 64 | 73 | 102 | 53 | 58 | 59 | 53 | 40 | 28 | 37 | 32 |
| Cash Conversion Cycle | 420 | 431 | 371 | 325 | 413 | 322 | 266 | 236 | 184 | 311 | 298 | 256 |
| Working Capital Days | 67 | 68 | 19 | 97 | 171 | 98 | 74 | 86 | 97 | 150 | 148 | 126 |
| ROCE % | -7% | -3% | -6% | 3% | 7% | 6% | 7% | 16% | 41% | 12% | 12% | 12% |
Guidance history
How Everest Kanto Cylinder Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q1 FY26 call → | 10–20% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
13 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −33.9% | 18% |
| Last 6 months | −17.4% | 23% |
| Last 3 months | −5.8% | 51% |
The price is 73% below its all-time high of ₹365.25 (4 Jan 2008). Stocks more than 20% below their peak have their score halved, so 27 became 13.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Everest Kanto Cylinder Ltd: 0.4 × 18 + 0.4 × 23 + 0.2 × 51 = 27, halved to 13 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Everest Kanto Cylinder Ltd's management said in earlier quarters
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