Manufactures high-pressure seamless gas cylinders, billed in filings as India's largest such producer, with plants in India, the US (CP Industries), Hungary and Dubai, plus a new Egypt facility targeted to commission by May 2026. The product mix is shifting from conventional gas storage into cylinders for commercial-vehicle CNG, defence and semiconductor applications, and the company is investing in Type 4 (composite) cylinders at its US unit. In FY26 it earned Rs. 1,470.57 cr of consolidated revenue, of which India contributed 64.2% (Rs. 966.69 cr), the US and Hungary 23.6% (Rs. 356.23 cr) and Dubai 10.1% (Rs. 151.95 cr), with the US carrying the highest segment margin (EBIT Rs. 47.35 cr) while Dubai was a near break-even (Rs. 1.75 cr). Raw materials account for 50.6% of revenue, employee cost 12.0% and other opex 23.6%, leaving consolidated EBITDA margin at 15.25%; management has guided to a sustainable 15-17% margin band with 15-20% revenue growth. Capacity is being expanded via the Mundra greenfield (one line operational, two more lined up, lifting India capacity about 15%), a $5.5M Type 4 capex at CP Industries, and the Egypt plant. A Rs. 11.29 cr penalty from the Kandla SEZ authority for non-fulfilment of Net Foreign Exchange obligations was booked as an exceptional item in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. India (64%), U.S.A and Hungary (24%), U.A.E (Dubai) (10%), Others (2%). Asset-heavy industrial manufacturer of high-pressure gas cylinders with a global plant footprint and a product-mix shift toward higher-value CNG, defence and semiconductor applications.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,699 | 1,274 | 1,223 | 1,499 | 1,471 |
| EBITDA (ex other income) | 403 | 140 | 158 | 169 | 203 |
| margin % | 23.7 | 11.0 | 12.9 | 11.3 | 13.8 |
| Owners' profit | 265 | 76 | 99 | 98 | 147 |
| EPS, as reported (₹) | 23.64 | 6.79 | 8.84 | 8.73 | 13.09 |
| ROE % · ROCE % | 29.4 · 40.3 | 7.6 · 10.1 | 8.9 · 10.9 | 8.1 · 10.8 | 10.5 · 10.8 |
| Debt / equity (x) | 0.13 | 0.10 | 0.04 | 0.12 | 0.14 |
| Cash from operations | 165 | 106 | 226 | 58 | 142 |
| Capex | (82) | (83) | (66) | (121) | (173) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 367 | 367 | 422 | 387 | 360 | 365 | 358 | 346 |
| Profit before tax | 45 | 27 | 19 | 65 | 21 | 51 | 23 | 39 |
| Net profit | 39 | 18 | 13 | 52 | 14 | 36 | 46 | 30 |
| EPS (₹) | 3.43 | 1.61 | 1.19 | 4.60 | 1.22 | 3.18 | 4.09 | 2.68 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| India | 967 | 64.2 |
| U.A.E (Dubai) | 31 | 2.1 |
| U.S.A and Hungary | 76 | 5.0 |
| Others | 32 | 2.1 |
| U.A.E. (Dubai) | 121 | 8.0 |
| U.S.A. and Hungary | 280 | 18.6 |
| Total, before eliminations | 1,507 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · 47th AGM on Sep 29, 2026; final dividend of Re 0.70 per share recommended | compliance | minimal | — | — |
| 8 Sept 2026 · Everest Kanto files BRSR for FY26 with BSE and NSE | compliance | low | — | — |
| 8 Sept 2026 · Notice of 47th AGM with final dividend of Rs 0.70 per share | board shareholder meetings | low | — | — |
| 8 Sept 2026 · AGM on Sep 29, dividend of Rs 0.70 per share, record date Sep 18 | corporate actions | high | — | — |
| 8 Sept 2026 · EKC fixes Sep 18 record date for FY26 dividend of Rs 0.70 per share | corporate actions | high | — | — |
| 8 Sept 2026 · Everest Kanto Cylinder files FY2025-26 annual report | results | high | — | — |
| 17 Aug 2026 · EKC Q1FY27 Results: Revenue Rs 346 Cr, PAT down 42% YoY at Rs 30 Cr | investor communications | medium | — | — |
| 17 Aug 2026 · EKC Q1 FY27: Revenue at Rs 346 Cr, PAT at Rs 30 Cr | compliance | minimal | — | — |
| 13 Aug 2026 · Board approves Q1 FY27 results, new director, AGM on Sep 29 | results | high | — | — |
| 13 Aug 2026 · EKC Q1 FY27 results: revenue down 14% YoY, consolidated PAT falls sharply | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| ADITYA INFOTECH LIMITED |
| 45,150 |
| 93.8 |
| 24.06 |
| 77.9 |
| 19.6 |
| 24.5 |
| — |
| 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,717 | 82.8 | 10.02 | 53.5 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 30,536 | 55.7 | 6.84 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 23,496 | 67.9 | 4.93 | 33.3 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 22,490 | 69.9 | 11.24 | 39.7 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 19,058 | 109.1 | 6.65 | 61.8 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 12,982 | 455.9 | 3.81 | 38.8 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,285 | 48.3 | 7.30 | 50.1 | 11.7 | 11.5 | — | 15.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.1 | 26.9 | 21 of 138 | 85% |
| P/B | 0.8 | 3.5 | 9 of 111 | 93% |
| ROCE | 9.9 | 11.3 | 81 of 144 | 44% |
| ROE | 10.5 | 9.5 | 54 of 117 | 54% |
| Debt / Equity | 0.1 | 0.2 | 56 of 117 | 53% |
| EBITDA margin | 16.6 | 12.4 | 38 of 110 | 66% |
| Revenue growth | (10.5) | 20.6 | 93 of 114 | 19% |
| Profit growth | (41.5) | 17.1 | 85 of 109 | 21% |
| Market cap | 1141 | 356 | 43 of 140 | 70% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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