Everest Industries Ltd - Stock Valuation and Financial Performance

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

Everest Industries Share Price

1,035 -26.55 -2.50%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Everest Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Everest Industries stock performance -

mw4me loader
P/E Ratio (SA):
57.20
Market Cap:
1,642.2 Cr.
52-wk low:
725
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 below 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 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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.5%8.9%9.1%3.6%12.3%13.9%3.9%11.7%9.2%11%-
Value Creation
Index
-0.7-0.4-0.4-0.8-0.10.0-0.7-0.2-0.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0351,2311,3131,1471,2451,4041,2841,2131,3611,6451,602
Sales YoY Gr.-18.9%6.7%-12.6%8.5%12.8%-8.6%-5.5%12.2%20.9%-
Adj EPS 9.125.225.63.834.44210.33729.627.518.2
YoY Gr.-177%1.9%-85.4%818.1%22.1%-75.5%259.6%-20.1%-7%-
BVPS (₹) 193.8209.1225.8219.8253.1286.2285.1323.1345.2368.8376.5
Adj Net
Profit
13.838.539.45.853.865.716.157.946.443.329
Cash Flow from Ops. 41.844.510159.415136.855.926430.6-167-
Debt/CF from Ops. 5.86.82.53.30.62.41.300-0.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.3%5.7%8.6%20.9%
Adj EPS 13.1%-4.4%38.8%-7%
BVPS7.4%7.8%9%6.8%
Share Price 21.7% 17.3% 53.2% 40.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.712.511.81.714.615.53.6128.87.74.9
Op. Profit
Mgn %
4.57.27.13.97.67.73.69.45.44.22.4
Net Profit
Mgn %
1.33.130.54.34.71.34.83.42.61.8
Debt to
Equity
0.80.90.70.60.20.20.2000.1-
Working Cap
Days
17416216017816115617917215416080
Cash Conv.
Cycle
6157484543496449477229

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 38.77%

Return on Equity has declined versus last 3 years average to 4.90%

Sales growth has been subdued in last 3 years 8.62%

Sales growth is not so good in last 4 quarters at 1.59%

Latest Financials - Everest Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 18.2 16.2
TTM Sales (₹ Cr.) 1,602 1,590
BVPS (₹.) 376.5 372.9
Reserves (₹ Cr.) 579 573
P/BV 2.76 2.79
PE 57.20 64.38
From the Market
52 Week Low / High (₹) 725.00 / 1448.10
All Time Low / High (₹) 15.85 / 1448.10
Market Cap (₹ Cr.) 1,642
Equity (₹ Cr.) 15.8
Face Value (₹) 10
Industry PE 41.8

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,0351,2301,3131,1471,2451,4041,2841,2131,3611,645
Operating Expenses 9951,1491,2261,1051,1531,2981,2411,1001,2921,577
Manufacturing Costs112148161162142184200153195231
Material Costs603710732655711783739652743956
Employee Cost 93109127100107115116109129149
Other Costs 187182207188193215186185224240
Operating Profit 4082874292107421136969
Operating Profit Margin (%) 3.8%6.7%6.6%3.7%7.4%7.6%3.3%9.3%5.1%4.2%
Other Income 121013976992940
Interest 1319232113874331
Depreciation 27252625242124252934
Exceptional Items 0000-200000
Profit Before Tax 1348515618521936744
Tax 4141611021735220
Profit After Tax 934354516414584443
PAT Margin (%) 0.9%2.8%2.7%0.3%4.1%4.6%1.1%4.7%3.2%2.6%
Adjusted EPS (₹)6.022.422.92.632.441.18.836.828.127.5
Dividend Payout Ratio (%)42%22%22%39%20%18%11%20%21%22%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 295320347339396447446505541580
Share Capital 15151515161616161616
Reserves 279304332323380432430490526565
Minority Interest0000000000
Debt2172802311807783660064
Long Term Debt519511891514745000
Short Term Debt166186112882636210064
Trade Payables123132173161150181146164169165
Others Liabilities 277301295280298328327373480452
Total Liabilities 9121,0331,0469609201,0409851,0421,1911,261

Fixed Assets

Gross Block480546598370389404448466535548
Accumulated Depreciation19822524825486789111137161
Net Fixed Assets282321350344341337359355398388
CWIP 613025212621131914
Investments 182818000000
Inventories242272253235248329311255333508
Trade Receivables81104113996698685856107
Cash Equivalents 256452112018313316414
Others Assets220235249249226231224228221230
Total Assets 9121,0331,0469609201,0409851,0421,1911,261

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 424510159151375626431-167
PBT 1348515618521936744
Adjustment 28374445464033411339
Changes in Working Capital 7-25141644-95693-28-236
Tax Paid -6-15-9-707-437-21-13
Cash Flow From Investing Activity -102-42-34-11-19-22-26-1403640
Capex -118-37-22-150-27-29-16-30-33
Net Investments 0000000-1296270
Others 16-4-124-1953544
Cash Flow From Financing Activity 4436-79-86-123-16-46-79-1842
Net Proceeds from Shares 0220600023
Net Proceeds from Borrowing -13724-32-52-7-7-5000
Interest Paid -12-19-23-21-13-8-7-3-1-4
Dividend Paid -11-4-8-8-2-10-12-2-12-9
Others 6820-75-26-639-20-24-752
Net Cash Flow -1639-12-389-1-164549-84
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.1311.1410.581.1613.815.233.0712.118.437.7
ROCE (%)5.0911.5612.134.5814.4618.085.2718.713.2312.62
Asset Turnover Ratio1.281.341.341.221.351.431.271.21.221.34
PAT to CFO Conversion(x)4.671.322.8914.752.960.5844.550.7-3.88
Working Capital Days
Receivable Days22262832242124191518
Inventory Days83726872697591857993
Payable Days70667693807781878264

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 28-Mar-2024 16:01 is ₹1,035.
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 28-Mar-2024 16:01 the market cap of Everest Industries stood at ₹1,642.2.
The latest P/E ratio of Everest Industries as of 28-Mar-2024 16:01 is 57.20.
The latest P/B ratio of Everest Industries as of 28-Mar-2024 16:01 is 2.76.
The 52-week high of Everest Industries is ₹1,448.1 and the 52-week low is ₹725.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Everest Industries is ₹1,602 ( 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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