Rating agency, CRISIL Research has revised Everest Kanto Cylinder’s CRISIL IER fundamental grade to 2/5 from 3/5. The grade indicates that the company’s fundamentals are ‘moderate’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of 5/5 to the company.
Everest Kanto Cylinder (EKC) is engaged in the business of manufacturing industrial and CNG cylinders. The company has production capacity of 500,000 cylinders on an annual basis. EKC’s Dubai plant manufactures cylinders ranging from 1 to 280 liters water capacity and working pressure from150-400 bar (Test Pressure up to 650 bar).
