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Everest Kanto Cylinder Ltd share Price Today

Company details

136.20
142.30
107.00
179.00
6M Return 2.59%
1Y Return 20.58%
Mkt Cap.(Cr) 1,535.01
Volume 1,159,528
Div Yield 0.51%
OI
-
OI Chg %
-
Volume 1,159,528

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Industrial Products company Everest Kanto Cylinder announced Q4FY24 & FY24 results:

  • EKC's revenue for FY24 stood at Rs 1,223.0 crore.
  • The company recorded an EBITDA of Rs 160.5 crore for FY24, with margins at 13.1%.
  • The company recorded an consolidated EBITDA of Rs 30.8 crore for Q4FY24, with margins at 9.4%.
  • Profit After Tax (PAT) reached Rs 97.6 crore in FY24.
  • The Board of Directors recommended a dividend of Rs 0.70 per share for FY24.

Commenting on the performance for the quarter, in a joint statement, Pushkar Khurana, Chairman, and Puneet Khurana, Managing Director, said “We have reported a stable operational and financial performance in FY24. Our overall consolidated results remain steady, with healthy sales volumes registered during the period under review. A sustained increase in demand across both domestic and international markets over the past few quarters has enabled us to achieve consistent performance this year. However, lower realizations witnessed in Q4 impacted our performance, leading to lower EBITDA margins.

We remain highly enthusiastic about the growth of seamless gas cylinders in India. The government's commitment to eco-friendly natural gas utilization, coupled with fiscal incentives and infrastructure development, creates a favorable environment for CNG vehicles. Significant investments are planned for the CNG sector over the next 5-6 years, with the number of CNG stations set to grow from ~6,350 to 17,500 by 2030, further driving the adoption of CNG vehicles.

Additionally, the National Green Hydrogen Mission aims to establish India as a global hub for green hydrogen, aligning with the global trend of reducing carbon emissions. The government’s ambitious plans to expand green hydrogen usage across sectors like transportation, industry, and energy storage, combined with the rising demand for hydrogen-related infrastructure, positions EKC to leverage its expertise and enhance its market presence in the growing hydrogen market.

We are witnessing healthy adoption of CV vehicles in both passenger and commercial segments. In the PV sector, we are actively working towards adding marquee customers during the upcoming fiscal year, while the CV segment is experiencing an uptick, a trend we expect to continue. Moving forward, we are committed to strengthening our market leadership, maximizing value for stakeholders, and driving significant contributions to the global shift towards cleaner energy solutions. EKC has positioned itself with substantial capacities and a robust balance sheet to seize growth opportunities and further solidify its leadership in the industry."

 

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Everest Kanto Cylinder Ltd shares SWOT Analysis

Strengths (5)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt
  • Book Value per share Improving for last 2 years

Weakness (1)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 140.7
R2 144.5
R3 146.8
Pivot

138.43

S1 134.6
S2 132.3
S3 128.5
EMA SMA
132.9
136.6
137.9
134.1
131.8
139.8
143.0
134.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-02-09 172.58 610781 NSE
HRTI PRIVATE LIMITED Bulk Purchase 2024-02-09 171.39 521897 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-02-09 173.33 610781 NSE
Name Category Shares
Suman Premkumar Khurana PROMOTER 24.78%
Puneet Premkumar Khurana PROMOTER 9.15%
Pushkar Premkumar Khurana PROMOTER 9.13%
Varun Khurana PROMOTER 3.85%
Khurana Gases Private Limited PROMOTER 15.88%
Medical Engineers India Limited PROMOTER 4.28%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Everest Kanto Cylinder Ltd Stocks COMPARISON

Financials( in Cr) Everest Kanto Cylinder Ltd Inox India Ltd EPL Ltd Garware Hi Tech Films Ltd AGI Greenpac Ltd
Price 136.80 1,334.60 195.66 2,178.75 693.15
% Change 0.03 -0.72 1.38 2.25 -1.37
Mcap Cr 1,535.01 12,113.36 6,229.40 5,061.67 4,484.47
Revenue TTM Cr 1,274.49 1,131.17 3,694.10 1,438.01 2,281.48
Net Profit TTM Cr 75.89 196.00 230.70 166.14 261.64
PE TTM 15.20 62.39 23.67 24.40 18.07
1 Year Return 20.58 41.99 -4.49 174.85 20.35
ROCE 11.53 42.16 12.11 12.09 15.15
ROE 9.29 32.71 12.10 9.32 17.45
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 999.07 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,912.43 -3,369.63
LAST 3M 113,155.52 -42,728.98
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,104.04 102,297.21

Everest Kanto Cylinder Ltd Information

Stock PE (TTM)
15.2
Promoter Holding
67.39%
Book Value
98.0834
ROCE
11.53%
ROE
9.29%
Description
  • Incorporated in 1978, Everest Kanto Cylinders Limted is engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipments, appliances and tanks with their parts and accessories, used for containing and storage of natural gas and other gases, liquids and air. Further, the Company is engaged in the trading of fire extinguishment and related equipment and castor oil. The company in collaboration with Kanto Koatsu Yoki Manufacturing Company, Japan set up a manufacturing unit in Aurangabad. In the year 1981, they started commercial production in their Aurangabad plant. In the year 1985, they expanded their manufacturing capacity with in-house technology by setting up a new facility at Tarapur to manufacture the widest range of High Pressure Gas Cylinder. The company set up a new state of the art manufacturing facility at Dubai, in order to tap the emerging potential for cylinders in Iran, Pakistan and Bangladesh. This plant commenced their production during the year 2003-04. In April 2005, the company entered into a joint venture agreement with China based Cangzhou Gas Corporation for producing and selling high pressure gas cylinders. In December 2005, the company commenced their production at Gandhidham which has the production capacity of 340000 cylinders per annum. During the year 2006-07, the company formed two wholly owned subsidiary namely EKC International FZE in Dubai and EKC Industries (Tianjin) Ltd in People`s Republic of China. The company sold their fixed assets of their branch at Dubai to EKC International FZE, Dubai. This unit catered the growing demand from South East Asia, Middle East and CIS countries. In October 2007, EKC International FZE, the wholly owned subsidiary of the company in Dubai successfully commissioned their second plant in Dubai. During April 2008, EKC International FZE, wholly owned subsidiary of the Company in UAE has formed a wholly owned subsidiary in Hungary by the name of EKC Hungary Ltd. Further, EKC Hungary Ltd formed a wholly owned subsidiary in USA by the name of CP Industries Holding Inc. In April 21, 2008 EKC group acquired all the assets of CP Industries Inc, a division of Reunion Industries Inc, USA for an amount of USD 66.3 million. EKC Industries (Tianjin) Co Ltd, the wholly owned subsidiary of the company in People`s Republic of China completed the trial production phase and commercial production commenced during May 2008. In October 2008, the company received an order for a value of USD 13 million form Pakistan and Middle East countries for the supply of CNG cylinders through their wholly owned subsidiary, EKC International FZE, Dubai. The company is implementing new project at their existing facility in Gandhidham which would result in creation of a 200,000 cylinders per annum and commissioning of these plant is expected during end of the financial year 2008-09. The company is in the process of setting up a cylinder manufacturing plant at Kandla Special Economic Zone. This plant is expected to be commissioned during the first quarter of financial year 2009-10. In April 2009, EKC acquired a majority stake (72.65%) in Calcutta Compressions & Liquefaction Engineering Private Limited (CC&L), a company located in Kolkata. The Company had raised Rs. 81 crores by allotting 6,000,000 equity shares to 2 schemes of Reliance Mutual Fund on a preferential basis at Rs. 135/- per equity share (including a premium of Rs. 133/- per share) on 19th June, 2010. The Company established a wholly owned subsidiary (WOS) in Thailand on 7th Oct, 2010 by the name of EKC Industries (Thailand) Co. Ltd. in 2011. During the year 2012, EKC International FZE, a wholly owned subsidiary of the Company, set up a wholly owned subsidiary in Germany, EKC Europe GmbH. During 2016-17, the Company sold Companies Land and Building along with electric installations situated at Gandhidham, Gujarat to SNF Flopam India Private Limited, for the consideration of USD 29 Million (approx. Rs 194 crore), through which the approval was sought by Company on September 17, 2016 for the sale of aforesaid land and building of the Company. The Company formed new wholly owned subsidiary Company as Next gen Cylinder Private Limited in 2017. On July 11, 2020, the Company acquired additional 27.35% of equity share capital of Calcutta Compressions & Liquefaction Engineering Ltd, thereby making it wholly owned subsidiary Company and transferred 72.65% of Equity Share Capital of EKC Positron Gas Ltd, which thereby ceases to be subsidiary Company. Kamal EKC industries Ltd, a Joint Venture Company in Tanzania ceased to continue its business w.e.f August 23, 2019.

Registered Address

204 Raheja Centre, FPJ Marg 214 Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-30268300-01
Email : investors:ekc.in
Website : http://www.everestkanto.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532684
NSE Code : EKC
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE184H01027

FAQ’s on Everest Kanto Cylinder Ltd Shares

You can buy Everest Kanto Cylinder Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Everest Kanto Cylinder Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:55 PM the closing price of Everest Kanto Cylinder Ltd was Rs.136.80.

The latest PE ratio of Everest Kanto Cylinder Ltd as of Jun 14, 2024 03:55 PM is 15.20

The latest PB ratio of Everest Kanto Cylinder Ltd as of Jun 14, 2024 03:55 PM is 0.72

The 52-week high of Everest Kanto Cylinder Ltd share price is Rs. 179.00 while the 52-week low is Rs. 107.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:55 PM, the market cap of Everest Kanto Cylinder Ltd stood at Rs. 1,535.01.

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