Everest Kanto Cylinder
115.21
-0.74(-0.64%)
Market Cap₹1,292.74 Cr
PE Ratio13.51
Company Performance:
1D-0.64%
1M+0.15%
6M-15.78%
1Y-35.13%
5Y+108.52%
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More news about Everest Kanto Cylinder
25Aug 25
Everest Kanto Cylinder Reports Robust Q1 Performance with 12.9% Revenue Growth and 47.8% EBITDA Surge
Everest Kanto Cylinder Limited (EKC) reported impressive Q1 FY24 results with consolidated revenue up 12.9% YoY to Rs. 386.90 crore. EBITDA increased 47.8% to Rs. 61.30 crore, and PAT surged 84.9% to Rs. 51.60 crore. India operations saw 21.1% revenue growth, while US operations grew 21%. The company maintains a healthy order book and projects 10-15% revenue growth for the year. EKC is expanding with new facilities in Mundra, India, and Egypt, each expected to be commissioned in the last quarter of FY26. The company is benefiting from government policies promoting CNG adoption and green energy initiatives, with emerging opportunities in compressed biogas, semiconductors, and green hydrogen sectors.
13Aug 25
Everest Kanto Cylinder Reports 85% Surge in Q1 Profit, Boosted by US Tax Refund
Everest Kanto Cylinder Limited, India's largest manufacturer of high-pressure seamless gas cylinders, reported strong Q1 financial results. Consolidated profit after tax increased by 85% year-over-year to ₹5,158.00 lakhs, while revenue grew 13% to ₹38,688.00 lakhs. The company benefited from an exceptional gain of ₹1,263.00 lakhs from a US tax refund. Standalone performance was also robust, with revenue up 21% and profit after tax more than doubling. The company's diverse geographical presence spans India, UAE, USA, and Hungary, positioning it well for future growth in the gas cylinder market.
22Jul 25
Everest Kanto Cylinder Faces Rs 1.32 Crore Customs Duty Demand and Penalty
Everest Kanto Cylinder Limited has received a customs duty demand and penalty totaling Rs 1.32 crore due to a classification dispute of imported raw materials. The customs authority has reclassified the materials, attracting a higher Basic Customs Duty of 25%. The company plans to appeal the order with the Customs, Excise, Service Tax Tribunal (CESTAT), stating that there is no material impact on its financials or operations. To proceed with the appeal, Everest Kanto must pay 7.5% of the demanded duty or penalty within three months.
16Jul 25
Everest Kanto Sells 80% Stake in Hungarian Subsidiary Amid Geopolitical Concerns
Everest Kanto Cylinder Limited is selling 80% of its shares in EKC Europe ZRT, its Hungarian subsidiary, to joint venture partners for 96,000 EUR. The decision is attributed to geopolitical issues in the region. The buyers include Rév András (37.50%), Rév Group Holding Zrt. (37.50%), and Rév Gázipari Kft. (25.00%). Post-transfer, the company name will be changed, and share capital will be reduced to consolidate losses. This move follows the company's decision not to pursue a planned manufacturing facility in Hungary due to regional geopolitical concerns.
23May 25
Everest Kanto Cylinder Reports Mixed Q4 Results with Revenue Growth and EBITDA Improvement
Everest Kanto Cylinder's Q4 results show a 28.83% increase in consolidated revenue to ₹4.20 billion. EBITDA improved to ₹379 million, but the EBITDA margin slightly decreased to 8.98%. Net profit declined by 8.28% year-over-year to ₹133 million, with a more significant 26.52% drop compared to Q3. The company faces challenges in maintaining profit margins despite strong revenue growth.
Everest Kanto Cylinder
115.21
-0.74
(-0.64%)
1 Year Returns:-35.13%
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