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Last Updated on: 15 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Everest Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 11, 2024, 12:45 pm

Market Cap 1,566 Cr.
Current Price 990
High / Low1,451/929
Stock P/E199
Book Value 381
Dividend Yield0.25 %
ROCE3.88 %
ROE2.25 %
Face Value 10.0
PEG Ratio11.80

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Everest Industries Ltd

Competitors of Everest Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Everest Industries Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales279.91347.67354.93298.19337.26374.33452.57356.41392.35446.30484.14307.61351.59
Expenses265.39319.91319.81288.49321.68365.77418.87350.12374.58436.53463.88309.30343.85
Operating Profit14.5227.7635.129.7015.588.5633.706.2917.779.7720.26-1.697.74
OPM %5.19%7.98%9.89%3.25%4.62%2.29%7.45%1.76%4.53%2.19%4.18%-0.55%2.20%
Other Income1.682.633.4213.883.468.5910.668.661.0420.2412.496.824.53
Interest0.611.030.640.450.621.441.571.592.2326.122.672.543.23
Depreciation6.466.406.616.686.988.378.548.488.378.397.858.247.90
Profit before tax9.1322.9631.2916.4511.447.3434.254.888.21-4.5022.23-5.651.14
Tax %41.07%46.73%34.96%36.05%37.15%17.98%38.10%33.61%39.46%387.78%20.87%-3.36%28.07%
Net Profit5.3812.2320.3510.527.196.0221.203.244.9712.9517.58-5.840.81
EPS in Rs3.447.8213.016.734.603.8413.522.063.168.2311.17-3.700.51

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2009Mar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5296521,0411,2681,3131,1601,2711,4081,2851,2181,3651,6481,630
Expenses4825921,0011,1861,2271,1181,1811,3031,2431,1051,2921,5801,584
Operating Profit4860408286429010543113736846
OPM %9%9%4%6%7%4%7%7%3%9%5%4%3%
Other Income610121013910698264141
Interest1610131923211387433234
Depreciation17182725262524212425293433
Profit before tax2042134850464832192674320
Tax %28%28%29%29%32%32%17%25%35%38%34%1%
Net Profit143093434353621456444230
EPS in Rs20.265.9422.3922.381.9633.9639.568.6536.0628.1226.9218.86
Dividend Payout %26%22%42%22%22%51%19%19%12%21%21%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2009-20102014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)114.29%277.78%0.00%-91.18%1666.67%16.98%-77.42%300.00%-21.43%-4.55%
Change in YoY Net Profit Growth (%)0.00%163.49%-277.78%-91.18%1757.84%-1649.69%-94.40%377.42%-321.43%16.88%

Everest Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2009-2010 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:2%
3 Years:9%
TTM:3%
Compounded Profit Growth
10 Years:4%
5 Years:-27%
3 Years:-38%
TTM:-67%
Stock Price CAGR
10 Years:11%
5 Years:26%
3 Years:27%
1 Year:-26%
Return on Equity
10 Years:8%
5 Years:7%
3 Years:6%
Last Year:2%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:33 am

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital15151515151616161616161616
Reserves159279304331323382436437493527566582586
Borrowings12824330125619884907985511396300
Other Liabilities136290330324309320361317413461437506452
Total Liabilities4388279509278468029028499301,0581,1321,1991,354
Fixed Assets220282321350345341337359355398388399446
CWIP6613291821262113192680124
Investments00000000000013
Other Assets211485597567483441539469561641718720771
Total Assets4388279509278468029028499301,0581,1321,1991,354

Reserves and Borrowings Chart

Cash Flow

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +8241439358148355626432-168182
Cash from Investing Activity +-7-101-36-20-19-16-22-26-1403640-93
Cash from Financing Activity +-794436-78-86-123-16-46-79-1842-39
Net Cash Flow-3-1642-5-479-4-164550-8550

Free Cash Flow

MonthMar 2009Mar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow48.00-68.00-203.00-219.00-170.00-156.006.0015.00-36.00105.0018.00-45.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days132830313220261917142322
Inventory Days126145140126131127153153142163194151
Days Payable637468869281867292836368
Cash Conversion Cycle76100102717166941006894154105
Working Capital Days4536363638193736-1035723
ROCE %16%12%12%4%15%18%5%18%13%11%4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters50.72%50.72%50.60%50.60%50.52%50.44%50.42%50.39%50.30%50.28%50.25%50.23%
FIIs1.85%3.20%5.22%6.32%7.47%10.27%10.67%10.63%10.50%10.46%10.44%10.46%
DIIs0.03%0.03%0.18%0.18%0.24%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Government0.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public47.12%46.05%44.00%42.89%41.77%39.27%38.87%38.94%39.17%39.22%39.28%39.28%
No. of Shareholders28,43425,65924,94724,56923,38321,94621,25520,53819,40419,91219,94819,640

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.4226.9828.1836.068.35
Diluted EPS (Rs.)11.3326.9028.1836.068.35
Cash EPS (Rs.)31.8948.3846.3852.2523.83
Book Value[Excl.RevalReserv]/Share (Rs.)378.38369.50345.89325.20289.47
Book Value[Incl.RevalReserv]/Share (Rs.)378.38369.50345.89325.20289.47
Revenue From Operations / Share (Rs.)997.821047.04870.45778.90822.07
PBDIT / Share (Rs.)37.1868.7062.7077.2933.03
PBIT / Share (Rs.)16.6947.2444.4461.1017.85
PBT / Share (Rs.)13.4227.2242.4358.6113.35
Net Profit / Share (Rs.)11.4026.9228.1236.068.65
NP After MI And SOA / Share (Rs.)11.4026.9228.1236.068.65
PBDIT Margin (%)3.726.567.209.924.01
PBIT Margin (%)1.674.515.107.842.17
PBT Margin (%)1.342.604.877.521.62
Net Profit Margin (%)1.142.573.234.631.05
NP After MI And SOA Margin (%)1.142.573.234.631.05
Return on Networth / Equity (%)3.017.288.1211.082.98
Return on Capital Employeed (%)3.6911.3811.2817.705.22
Return On Assets (%)1.503.744.166.061.59
Long Term Debt / Equity (X)0.070.000.000.000.09
Total Debt / Equity (X)0.070.100.000.040.14
Asset Turnover Ratio (%)1.351.501.371.361.47
Current Ratio (X)1.401.431.391.241.34
Quick Ratio (X)0.600.360.630.590.35
Inventory Turnover Ratio (X)2.042.352.642.162.25
Dividend Payout Ratio (NP) (%)0.0022.2026.612.7786.71
Dividend Payout Ratio (CP) (%)0.0012.3516.131.9131.47
Earning Retention Ratio (%)0.0077.8073.3997.2313.29
Cash Earning Retention Ratio (%)0.0087.6583.8798.0968.53
Interest Coverage Ratio (X)4.603.4331.2230.997.34
Interest Coverage Ratio (Post Tax) (X)1.822.3415.0015.462.92
Enterprise Value (Cr.)1623.581233.88951.05336.15270.40
EV / Net Operating Revenue (X)1.030.740.690.270.21
EV / EBITDA (X)27.6611.419.672.785.23
MarketCap / Net Operating Revenue (X)1.040.710.810.360.16
Retention Ratios (%)0.0077.7973.3897.2213.28
Price / BV (X)2.752.042.060.880.45
Price / Net Operating Revenue (X)1.040.710.810.360.16
EarningsYield0.010.030.030.120.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Everest Industries Ltd as of November 15, 2024 is: 1,710.19

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 15, 2024, Everest Industries Ltd is Undervalued by 72.75% compared to the current share price 990.00

Intrinsic Value of Everest Industries Ltd as of November 15, 2024 is: 1,998.71

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 15, 2024, Everest Industries Ltd is Undervalued by 101.89% compared to the current share price 990.00

Last 5 Year EPS CAGR: 16.87%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 29.67, which is a positive sign.
  2. The company has higher reserves (415.77 cr) compared to borrowings (150.08 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (91.69 cr) and profit (43.62 cr) over the years.
  1. The stock has a low average ROCE of 10.67%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 91.75, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Everest Industries Ltd:
    1. Net Profit Margin: 1.14%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 3.69% (Industry Average ROCE: 0.59%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 3.01% (Industry Average ROE: 0.49%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.82
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.6
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 199 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.07
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Everest Industries Ltd. is a Public Limited Listed company incorporated on 03/04/1934 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74999MH1934PLC002093 and registration number is 002093. Currently Company is involved in the business activities of Manufacture of other cement and asbestos cement products. Company’s Total Operating Revenue is Rs. 1361.19 Cr. and Equity Capital is Rs. 15.68 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cement ProductsGat 152, Nasik Maharashtra 422202info@everestind.com
http://www.everestind.com
Management
NamePosition Held
Mr. Anant TalaulicarNon Executive Chairman
Ms. Padmini SomaniVice Chairperson
Mr. Rajesh JoshiManaging Director & CEO
Mr. M L GuptaIndependent Director
Mr. Rajendra Prabhakar ChitaleIndependent Director
Mr. Alok Mahinder NandaIndependent Director
Mr. Ashok Kumar BaratIndependent Director
Ms. Bijal AjinkyaIndependent Director

FAQ

What is the latest intrinsic value of Everest Industries Ltd?

The latest intrinsic value of Everest Industries Ltd as on 15 November 2024 is ₹1710.19, which is 72.75% higher than the current market price of ₹990.00.

What is the Market Cap of Everest Industries Ltd?

The Market Cap of Everest Industries Ltd is 1,566 Cr..

What is the current Stock Price of Everest Industries Ltd as on 15 November 2024?

The current stock price of Everest Industries Ltd as on 15 November 2024 is ₹990.

What is the High / Low of Everest Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Everest Industries Ltd stocks is 1,451/929.

What is the Stock P/E of Everest Industries Ltd?

The Stock P/E of Everest Industries Ltd is 199.

What is the Book Value of Everest Industries Ltd?

The Book Value of Everest Industries Ltd is 381.

What is the Dividend Yield of Everest Industries Ltd?

The Dividend Yield of Everest Industries Ltd is 0.25 %.

What is the ROCE of Everest Industries Ltd?

The ROCE of Everest Industries Ltd is 3.88 %.

What is the ROE of Everest Industries Ltd?

The ROE of Everest Industries Ltd is 2.25 %.

What is the Face Value of Everest Industries Ltd?

The Face Value of Everest Industries Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Everest Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE