Everest Kanto Cylinder Ltd (EKC), established in 1978, is a clean energy solutions company and a leading global manufacturer of seamless steel gas cylinders.
Established in 1978, Everest Kanto Cylinder is one of the largest Asian manufacturers of high-pressure gas cylinders, with over 20 million industrial gas and CNG cylinders currently in service.
The company has five manufacturing plants located in India, Dubai and the US.
The company was listed on exchanges in December 2005. As of February 26, 2024, the company’s market capitalisation stood at close to ₹1,750 crore. Everest Kanto share price has risen close to 100% in the past three years.
Everest Kanto Cylinder has a 67.39% promoter holding and 32.61% public holding as of the end of December 2023 quarter.
Business operations
Everest Kanto Cylinder and its subsidiaries are engaged in the manufacturing of high-pressure seamless gas cylinders and other cylinders, equipment, appliances and tanks.
The group is engaged in dealing of coal-based methane gas, liquified petroleum gases and trading fire extinguishment and related equipment and castor oil.
As of March 31, 2023, the company has one wholly owned overseas subsidiary company – EKC International FZE in Dubai – and three stepdown wholly owned overseas subsidiary companies – EKC Hungary Kft in Hungary, CP Industries Holdings Inc. in the US and EKC Europe GmbH in Germany.
Besides that, Everest Kanto Cylinder has two step-down subsidiaries, EKC Europe ZRT and EKC Egypt SAE, and two wholly owned Indian subsidiary companies – Calcutta Compressions and Liquefaction Engineering Ltd and Next Gen Cylinder Pvt. Ltd.
Everest Kanto Cylinder operates two manufacturing facilities in India located at Tarapur (Maharashtra) and Kandla SEZ (Gujarat) and two international facilities at Jebel Ali Free Zone in Dubai and Pittsburgh (PA), USA, with an aggregate capacity of over 1.5 million cylinders annually.
Its product range of industrial, CNG and jumbo cylinders are used for high-pressure storage of gases such as oxygen, hydrogen, nitrogen, argon and helium. It finds applications in a wide variety of industries such as manufacturing, fire equipment/suppression systems, medical establishments, aerospace/defence and automobiles apart from some specialised usage areas.
The company has a roughly 150-strong client base in these vertical segments including Tata Motors, Bajaj Auto, Hyundai, Toyota, BOC India, Praxair, Mahanagar Gas and Adani Gas.
EKC’s financial performance during 2022-23 was weaker compared with the previous year. Frequent increase in CNG gas prices resulted in decline in consumption of CNG and, therefore, significantly impacted the demand for CNG cylinders, primarily in the commercial vehicle (CV) segment. The industrial segment of the company helped offset the decline and supported the performance.
Everest Kanto Cylinder Financial Highlights
- Revenue: Everest Kanto Cylinder reported revenue of ₹1,492.05 crore in FY26 vs ₹1,509.06 crore in FY25. It showed a decrease of 1.13% on a yearly basis.
- Operating Profit: Everest Kanto Cylinder reported an operating profit of ₹159.63 crore in FY26 vs ₹123.93 crore in FY25. It showed an increase of 28.81% on a year-on-year basis.
- Net Profit: Everest Kanto Cylinder reported a net profit of ₹146.67 crore in FY26 vs ₹97.72 crore in FY25. It showed an increase of 50.09% on a yearly basis.
Everest Kanto Cylinder Quarterly Result Highlights
- Everest Kanto Cylinder reported revenue of ₹356.46 crore in Jun 2026, compared with ₹358.35 crore in Mar 2026, representing a decrease of 0.53% on a quarter-on-quarter (QoQ) basis.
- Everest Kanto Cylinder reported an operating profit of ₹38.54 crore in Jun 2026, compared with ₹22.77 crore in Mar 2026, representing an increase of 69.26% on a quarter-on-quarter (QoQ) basis.
- Everest Kanto Cylinder reported a profit of ₹30.16 crore in Jun 2026, compared with ₹45.70 crore in Mar 2026, reflecting a decrease of 34.00% on a QoQ basis.
- The earnings per share (EPS) of Everest Kanto Cylinder stood at ₹8.73 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
