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Swing Capital

Everest Kanto Cylinder Ltd

NSE: EKC BSE: 532684

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]

₹115
52W: ₹90.2 — ₹158
PE 15.7 · Book ₹68.8 · +67% vs book
Market Cap₹1,288 Cr
Stock P/E15.7Price to Earnings
ROCE11.6%Return on Capital
ROE7.94%Return on Equity
Div. Yield0.6%Face Value ₹2

Strengths

  • +Company's median sales growth is 27.5% of last 10 years

Weaknesses

  • −Company has a low return on equity of 8.83% over last 3 years.
  • −Dividend payout has been low at 13.4% of profits over last 3 years

Shareholding Pattern

Promoters67.38%
FIIs1.24%
DIIs0.23%
Public31.16%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters67.39%67.38%▼0.067.38%67.38%67.38%67.38%67.38%67.38%
FIIs1.44%1.4%▼0.02.43%▲1.01.8%▼0.61.39%▼0.41.67%▲0.31.43%▼0.21.24%▼0.2
DIIs0.07%0.07%0.08%▲0.00.1%▲0.00.16%▲0.10.16%0.21%▲0.00.23%▲0.0
Public31.11%31.16%▲0.130.09%▼1.130.71%▲0.631.07%▲0.430.79%▼0.330.99%▲0.231.16%▲0.2

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales182207217196239244267237232247
Expenses159176197178217208244196206190
Operating Profit23302018223624412657
OPM %12%15%9%9%9%15%9%17%11%23%
Net Profit14228121323526436
EPS ₹1.261.940.751.041.192.030.482.330.323.21

AI Insights

Revenue Trend

TTM revenue at ₹984Cr, up 4% YoY. OPM at 15%.

Debt Position

Borrowings at ₹128Cr. Debt-to-equity ratio: 0.17x. Healthy balance sheet.

Capex Cycle

CWIP at ₹133Cr (55% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0.23% (-0.56pp change). FIIs: 1.24% (+0.93pp change). Promoters hold 67.38%.

Margin & Efficiency

ROCE improving from -5% (Mar 2014) to 12% (Mar 2025). Working capital days: 113.

Valuation

PE 15.7x with 11.6% ROCE. Price is 67% above book value of ₹68.8. Dividend yield: 0.6%.

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