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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Everest Industries Ltd

About the Company - Everest Industries Ltd

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, Lakhmapur, Nasik Maharashtra 422202info@everestind.com
http://www.everestind.com
Management
NamePosition Held
Ms. Padmini SomaniVice Chairperson
Mr. Anant TalaulicarNon Executive Chairman
Mr. Rajesh JoshiManaging Director & CEO
Mr. M L GuptaIndependent Director
Mr. B L TapariaIndependent Director
Ms. Bhavna G DoshiIndependent Director
Mr. Rajendra Prabhakar ChitaleIndependent Director
Mr. Alok Mahinder NandaIndependent Director

Everest Industries Ltd. Share Price Update

Share PriceValue
Today₹1,183.15
Previous Day₹1,195.20

Basic Stock Data of Everest Industries Ltd

Market Cap 1,912 Cr.
Current Price 1,212
High / Low1,451/696
Stock P/E97.1
Book Value 373
Dividend Yield0.50 %
ROCE11.5 %
ROE7.52 %
Face Value 10.0

Data Source: screener.in

Everest Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales273.29279.91347.67354.93298.19337.26374.33452.57356.41392.35446.30484.14307.61
Expenses242.31265.39319.91319.81288.49321.68365.77418.87350.12374.58436.53463.88309.30
Operating Profit30.9814.5227.7635.129.7015.588.5633.706.2917.779.7720.26-1.69
OPM %11.34%5.19%7.98%9.89%3.25%4.62%2.29%7.45%1.76%4.53%2.19%4.18%-0.55%
Other Income3.511.682.633.4213.883.468.5910.668.661.0420.2412.496.82
Interest0.770.611.030.640.450.621.441.571.592.2326.122.672.54
Depreciation6.286.466.406.616.686.988.378.548.488.378.397.858.24
Profit before tax27.449.1322.9631.2916.4511.447.3434.254.888.21-4.5022.23-5.65
Tax %34.84%41.07%46.73%34.96%36.05%37.15%17.98%38.10%33.61%39.46%387.78%20.87%-3.36%
Net Profit17.885.3812.2320.3510.527.196.0221.203.244.9712.9517.58-5.84
EPS in Rs11.433.447.8213.016.734.603.8413.522.063.168.2311.17-3.70

Everest Industries Ltd Quarterly Chart

Everest Industries Ltd Profit & Loss

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%

Everest Industries Ltd Profit & Loss Yearly Chart

Everest Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:5%
3 Years:9%
TTM:1%
Compounded Profit Growth
10 Years:%
5 Years:-4%
3 Years:45%
TTM:-44%
Stock Price CAGR
10 Years:24%
5 Years:23%
3 Years:61%
1 Year:57%
Return on Equity
10 Years:%
5 Years:9%
3 Years:9%
Last Year:8%

Everest Industries Ltd Balance Sheet

MonthMar 2009Mar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151515151516161616161616
Reserves137159279304331323382436437493527566572
Borrowings18912824330125619884907985511354
Other Liabilities111136290330324309320361317413461437401
Total Liabilities4514388279509278468029028499301,0581,1321,042
Fixed Assets235220282321350345341337359355398388352
CWIP76613291821262113192646
Investments0000000000000
Other Assets210211485597567483441539469561641718643
Total Assets4514388279509278468029028499301,0581,1321,042

Everest Industries Ltd Reserves and Borrowings Chart

Everest Industries Ltd Cash Flow

MonthMar 2009Mar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 148241439358148355626432-168
Cash from Investing Activity -37-7-101-36-20-19-16-22-26-1403640
Cash from Financing Activity 14-794436-78-86-123-16-46-79-1842
Net Cash Flow-9-3-1642-5-479-4-164550-85

Everest Industries Ltd Financial Efficiency Indicators

MonthMar 2009Mar 2010Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days161328303132202619171423
Inventory Days167126145140126131127153153142163194
Days Payable696374688692818672928363
Cash Conversion Cycle11476100102717166941006894154
Working Capital Days654536363638193736-10357
ROCE %11%16%12%12%4%15%18%5%18%13%11%

Everest Industries Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Everest Industries Ltd Shareholding Pattern Chart

No. of Everest Industries Ltd Shareholders

This stock is not held by any mutual fund

Everest Industries Ltd ROCE Trend

Everest Industries Ltd EPS Trend

Everest Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)26.9828.1836.068.3539.29
Diluted EPS (Rs.)26.9028.1836.068.3539.29
Cash EPS (Rs.)48.3846.3852.2523.8352.70
Book Value[Excl.RevalReserv]/Share (Rs.)369.50345.89325.20289.47288.67
Book Value[Incl.RevalReserv]/Share (Rs.)369.50345.89325.20289.47288.67
Revenue From Operations / Share (Rs.)1047.04870.45778.90822.07900.67
PBDIT / Share (Rs.)68.7062.7077.2933.0371.02
PBIT / Share (Rs.)47.2444.4461.1017.8557.88
PBT / Share (Rs.)27.2242.4358.6113.3552.99
Net Profit / Share (Rs.)26.9228.1236.068.6539.56
NP After MI And SOA / Share (Rs.)26.9228.1236.068.6539.56
PBDIT Margin (%)6.567.209.924.017.88
PBIT Margin (%)4.515.107.842.176.42
PBT Margin (%)2.604.877.521.625.88
Net Profit Margin (%)2.573.234.631.054.39
NP After MI And SOA Margin (%)2.573.234.631.054.39
Return on Networth / Equity (%)7.288.1211.082.9813.70
Return on Capital Employeed (%)11.3811.2817.705.2217.16
Return On Assets (%)3.744.166.061.596.85
Long Term Debt / Equity (X)0.000.000.000.090.10
Total Debt / Equity (X)0.100.000.040.140.18
Asset Turnover Ratio (%)1.501.371.361.471.65
Current Ratio (X)1.431.391.241.341.33
Quick Ratio (X)0.360.630.590.350.45
Inventory Turnover Ratio (X)2.352.642.162.252.84
Dividend Payout Ratio (NP) (%)22.2026.612.7786.7116.41
Dividend Payout Ratio (CP) (%)12.3516.131.9131.4712.32
Earning Retention Ratio (%)77.8073.3997.2313.2983.59
Cash Earning Retention Ratio (%)87.6583.8798.0968.5387.68
Interest Coverage Ratio (X)3.4331.2230.997.3414.55
Interest Coverage Ratio (Post Tax) (X)2.3415.0015.462.929.11
Enterprise Value (Cr.)1233.88951.05336.15270.40792.13
EV / Net Operating Revenue (X)0.740.690.270.210.56
EV / EBITDA (X)11.419.672.785.237.13
MarketCap / Net Operating Revenue (X)0.710.810.360.160.51
Retention Ratios (%)77.7973.3897.2213.2883.58
Price / BV (X)2.042.060.880.451.61
Price / Net Operating Revenue (X)0.710.810.360.160.51
EarningsYield0.030.030.120.060.08

Everest Industries Ltd Profitability Ratios (%)

Everest Industries Ltd Liquidity Ratios

Everest Industries Ltd Liquidity Ratios (%)

Everest Industries Ltd Interest Coverage Ratios (%)

Everest Industries Ltd Valuation Ratios

Fair Value of Everest Industries Ltd Stock

Fair Value: ₹2737.23

The stock is undervalued by 125.84% compared to the current price ₹1212

*Investments are subject to market risks

Strength and Weakness of Everest Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (380.46 cr) compared to borrowings (138.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (91.69 cr) and profit (43.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 45.70 and average Dividend Yield of 5.21%.
  2. The stock has a low average ROCE of 11.25%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 33.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 92.50, which may not be favorable.

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