1. Everest Kanto Cylinder
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100% Hold

Everest Kanto Cylinder Share Price

EKC

₹147.82+₹2.50 (1.72%) TodayLast updated on 11 Jul, 2024 | 03:57 PM IST
₹145.94₹149.49
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,631 Crs

Open

₹146.40

Close

₹145.32

Circuit range

₹174.38 - ₹116.25

Day range

₹145.94 - ₹149.49

Year range

₹107.00 - ₹179.00

Volume

10,48,992

Avg. traded

₹147.40

Revenue (12m)

₹1,223 Crs

Everest Kanto Cylinder

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.

Financial highlights

– Consolidated revenue for FY23 stood at ₹1,274.5 crore against the previous year's revenue of ₹1,698.8 crore. – The company’s net profit after tax stood at ₹75.9 crore for FY23 compared with ₹264.5 crore for FY22. – Operating profit, or earnings before interest, tax, depreciation and amortisation (Ebitda), fell to ₹161.1 crore in FY23 from ₹392 crore in FY22.

Everest Kanto Cylinder Key indicators

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52 week high

₹179.00

52 week low

₹107.00

P/E ratio

16.44

P/B ratio

1.52

ROE

11.5%

ROCE

14.41%

Dividend yield

0.47%

Debt/Equity ratio

0.08

EPS

6.42

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Investment checklist: (3/6)

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Safety factor

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Growth factor

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Profit factor

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Analyst ratings:

Hold

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Buy

0%

Hold

100%

Sell

0%

This analysis is based on the reviews of 1 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

15.12%

Net profit margin

9.07%

ROE

11.5%

ROA

7.84%

ROCE

14.41%

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Everest Kanto Cylinder Shareholder returns

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1 day

-2.36%

1 week

+9.87%

1 month

+7.58%

3 months

-4.77%

1 year

+19.95%

3 years

+64.48%

5 years

+493.14%

Everest Kanto Cylinder Share Price history

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DayOpenCloseDay’s change
Wed, Jul 10 2024
₹149.80
₹145.32
-2.36%
Tue, Jul 9 2024
₹142.05
₹148.83
+5.18%
Mon, Jul 8 2024
₹146.89
₹141.50
-2.92%
Fri, Jul 5 2024
₹141.90
₹145.76
+2.92%
Thu, Jul 4 2024
₹132.60
₹141.62
+7.08%
Wed, Jul 3 2024
₹132.70
₹132.26
+0.24%
Tue, Jul 2 2024
₹129.49
₹131.94
+2.37%
Mon, Jul 1 2024
₹126.01
₹128.89
+2.34%

Shareholding info

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Promoters (67.39%)

Mutual Funds (0%)

Retail and other (31.73%)

Foreign institutions-FII (0.7%)

Other domestic institutions (0.18%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹0.7/share

    Ex date 15 Sep 2023

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  • Dividend • ₹0.7/share

    Ex date 15 Sep 2022

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  • Dividend • ₹0.7/share

    Ex date

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