Everest Industries Ltd - Stock Valuation and Financial Performance

BSE: 508906 | NSE: EVERESTIND | Cement & Construction Materials | Small Cap

Everest Industries Share Price

788.50 -28.05 -3.44%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Everest Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Everest Industries stock performance -

mw4me loader
P/E Ratio (SA):
61.67
Market Cap:
1,249.8 Cr.
52-wk low:
788.5
52-wk high:
1,448.1

Is Everest Industries Ltd an attractive stock to invest in?

1. Is Everest Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Everest Industries Ltd is a average quality company.

2. Is Everest Industries Ltd undervalued or overvalued?

The key valuation ratios of Everest Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Everest Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Everest Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Everest Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Everest Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 11.6%12.1%4.6%14.5%18.1%5.3%18.7%13.2%12.6%6.5%-
Value Creation
Index
-0.2-0.1-0.70.00.3-0.60.3-0.1-0.1-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2311,3131,1471,2451,4041,2841,2131,3611,6451,5891,683
Sales YoY Gr.-6.7%-12.6%8.5%12.8%-8.6%-5.5%12.2%20.9%-3.4%-
Adj EPS 25.225.63.834.44210.33729.627.511.312.8
YoY Gr.-1.9%-85.4%818.1%22.1%-75.5%259.6%-20.1%-7%-59%-
BVPS (₹) 209.1225.8219.8253.1286.2285.1323.1345.2368.8379.6390
Adj Net
Profit
38.539.45.853.865.716.157.946.443.317.820
Cash Flow from Ops. 44.510159.415136.855.926430.6-167196-
Debt/CF from Ops. 6.82.53.30.62.41.300-0.40-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.9%2.5%9.4%-3.4%
Adj EPS -8.5%-23.1%-32.7%-59%
BVPS6.9%5.8%5.5%3%
Share Price 9.7% 24% 26.2% -35.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
12.511.81.714.615.53.6128.87.733.3
Op. Profit
Mgn %
7.27.13.97.67.73.69.45.44.22.83.1
Net Profit
Mgn %
3.130.54.34.71.34.83.42.61.11.2
Debt to
Equity
0.90.70.60.20.20.2000.100
Working Cap
Days
16216017816115617917215416018477
Cash Conv.
Cycle
5748454349644947728520

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.30%

Sales growth has been subdued in last 3 years 9.41%

Net Profit has been subdued in last 3 years -32.70%

Sales growth is not so good in last 4 quarters at 3.28%

Latest Financials - Everest Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 12.8 6.6
TTM Sales (₹ Cr.) 1,683 1,683
BVPS (₹.) 390 380.6
Reserves (₹ Cr.) 601 586
P/BV 2.03 2.08
PE 61.67 119.22
From the Market
52 Week Low / High (₹) 788.50 / 1448.10
All Time Low / High (₹) 15.85 / 1448.10
Market Cap (₹ Cr.) 1,250
Equity (₹ Cr.) 15.8
Face Value (₹) 10
Industry PE 47.5

Management X-Ray of Everest Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Everest Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,2301,3131,1471,2451,4041,2841,2131,3611,6451,589
Operating Expenses 1,1491,2261,1051,1531,2981,2411,1001,2921,5771,544
Manufacturing Costs148161162142184200153195231221
Material Costs710732655711783739652743956952
Employee Cost 109127100107115116109129149153
Other Costs 182207188193215186185224240218
Operating Profit 8287429210742113696944
Operating Profit Margin (%) 6.7%6.6%3.7%7.4%7.6%3.3%9.3%5.1%4.2%2.8%
Other Income 101397699294021
Interest 1923211387433113
Depreciation 25262524212425293432
Exceptional Items 000-2000008
Profit Before Tax 4851561852193674428
Tax 1416110217352204
Profit After Tax 3435451641458444324
PAT Margin (%) 2.8%2.7%0.3%4.1%4.6%1.1%4.7%3.2%2.6%1.5%
Adjusted EPS (₹)22.422.92.632.441.18.836.828.127.515.1
Dividend Payout Ratio (%)22%22%39%20%18%11%20%21%22%17%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 320347339396447446505541580599
Share Capital 15151516161616161616
Reserves 304332323380432430490526565584
Minority Interest0000000000
Debt28023118077836600640
Long Term Debt95118915147450000
Short Term Debt1861128826362100640
Trade Payables132173161150181146164169165170
Others Liabilities 301295280298328327373480452454
Total Liabilities 1,0331,0469609201,0409851,0421,1911,2611,223

Fixed Assets

Gross Block546598370389404448466535548544
Accumulated Depreciation22524825486789111137161176
Net Fixed Assets321350344341337359355398388368
CWIP 30252126211319144
Investments 828180000000
Inventories272253235248329311255333508385
Trade Receivables10411399669868585610799
Cash Equivalents 645211201831331641444
Others Assets235249249226231224228221230323
Total Assets 1,0331,0469609201,0409851,0421,1911,2611,223

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4510159151375626431-167196
PBT 4851561852193674428
Adjustment 37444546403341133925
Changes in Working Capital -25141644-95693-28-236144
Tax Paid -15-9-707-437-21-13-2
Cash Flow From Investing Activity -42-34-11-19-22-26-1403640-81
Capex -37-22-150-27-29-16-30-3323
Net Investments 000000-1296270-11
Others -4-124-1953544-92
Cash Flow From Financing Activity 36-79-86-123-16-46-79-1842-84
Net Proceeds from Shares 2206000233
Net Proceeds from Borrowing 3724-32-52-7-7-50000
Interest Paid -19-23-21-13-8-7-3-1-4-4
Dividend Paid -4-8-8-2-10-12-2-12-9-9
Others 20-75-26-639-20-24-752-74
Net Cash Flow 39-12-389-1-164549-8431
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)11.1410.581.1613.815.233.0712.118.437.74.05
ROCE (%)11.5612.134.5814.4618.085.2718.713.2312.626.51
Asset Turnover Ratio1.341.341.221.351.431.271.21.221.341.28
PAT to CFO Conversion(x)1.322.8914.752.960.5844.550.7-3.888.17
Working Capital Days
Receivable Days26283224212419151824
Inventory Days726872697591857993103
Payable Days66769380778187826464

Everest Industries Ltd Stock News

Everest Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Everest Industries on 21-Nov-2024 16:59 is ₹788.5.
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 21-Nov-2024 16:59 the market cap of Everest Industries stood at ₹1,249.8.
The latest P/E ratio of Everest Industries as of 21-Nov-2024 16:59 is 61.67.
The latest P/B ratio of Everest Industries as of 21-Nov-2024 16:59 is 2.03.
The 52-week high of Everest Industries is ₹1,448.1 and the 52-week low is ₹788.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Everest Industries is ₹1,683 ( Cr.) .

About Everest Industries Ltd

Everest Industries (EIL) is one of India’s fastest growing building solutions company. Founded in 1934, this company is one of the most respected and renowned business entities in India, and has dominated the market ever since. EIL provides the world-class building solutions to meet construction requirements, in the Industrial, commercial and residential sectors. Historically, this company has provided rural shelters by making corrugated roofing sheets available to farmers at a competitive price.

The company is poised to capitalize on the opportunities in rural India where various housing and infrastructure initiatives are envisaged by the Government. Today, this company offers a complete range of building solutions which includes ceilings, walls, flooring, cladding, doors, roofing and pre-engineered steel buildings. These are produced at Everest's state-of-the-art with ISO: 14000 certified manufacturing facilities at Bhagwanpur  ,Kymore, Nashik, Coimbatore, Kolkata and Roorkee. With over 6000 retail points spread across the nation together with the strength of over 1285 highly qualified and experienced engineers, designers and technicians, Everest provides you building solutions that successfully meet the highest standards of quality and durability.

After successfully catering to the Indian market, EIL has widened its horizons in the international arena. With consistent exports to Europe, Africa, Australia and Asia, this company is all set to scale new heights and establish a strong foundation in the global market. Banking on its 75 years of experience and highly sophisticated technology, it assures that all its products live up to its promise of strength, speed and safety.

Product details  

Roofing solutions’ business will be one billion square meters of roofing in India. It’s roofing solutions include Everest AC roofing and Everest hi-tech, Everest roof light and metal roofing Everest roofing, which is fiber cement corrugated roofing sheets, is being used extensively throughout the country for factories, power plants, stadiums, schools, urban and rural houses, to name a few. Everest Hi-Tech is a high impact resistance non-asbestos corrugated modern roofing system. Everest rooflight -another high quality polycarbonate roofing sheet and Everest metal roofing are available in Galvalume (bare and colored), prepainted galvanized iron. Everest also offers a standing seam profile which ensures the use of large length sheets without end laps.

Plants  details:

  • Bhagwanpur  Everest Industries has established a green field, ultra-modern manufacturing unit, spread over an area of 21 acres at Bhagwanpur, (Haridwar district), Roorkee (Uttrakhand) . The plant manufactures the following products - roofing sheets, Everest fibre cement boards, pre engineered steel buildings and smart steel buildings. This plant has an installed capacity of 50,000 tonnes of fibre cement boards, 40, 000 metric tonns of steel fabrication products and 1-lakh tonnes of roofing products per annum.
  • Kymore plant established in 1934, in Katni, Madhya Pradesh is the first plant in India that was setup to manufacture fiber-cement roofing Sheets and accessories.
  • Kolkata plant established in 1938, this is second plant of Everest that was setup to manufacture fiber-cement roofing sheets and accessories.
  • Nashik Lakhmapur plant Works established in the year 1994-95, is about 35 kms. away from holy city of Nashik. This plant has advanced manufacturing facility for manufacturing AC corrugated roofing sheets, flat boards, compressed boards, and solid wall panels. This plant was the first unit to manufacture Non-asbestos roofing sheet and Flat boards in India.
  • Podanur plant Works established in the year 1953 is about 10 kms. Away from south Indian industrial town of Coimbatore and is well connected by road and rail. This plant commenced production in 1953 with manual corrugation of AC sheets and other molded goods, and over the years, it gradually transformed itself into a modernized plant, with vacuum corrugation. Today, PW had two lines for manufacturing AC corrugated roofing sheets of CBS and CTS profiles, and non-asbestos roofing (hitech) sheets and OMG accessories. The hitech products are manufactured adapting the HIPP technology (high impact polypropylene) with its unique feature of inherent flexibility and ensures safety for the roofers.

Awards

  •  IS/ISO 9001:2000  
  •  IS/ISO 14001:2004
  •  Development of Green Belt
  •  Rain Water Harvesting
  •  Effluent Treatment Plant for 100% recycling of process effluents
  •  Sewage Treatment Plant for treatment of Canteen wastes / Domestics waste
  •  Energy Conservation
  •  Vermiculture Plant
  •  QMS : IS/ISO-9001:2000
  •  EMS-IS/ISO 14001 
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