EKC

Everest Kanto Cylinder share price & financials

Price
₹113.05
Market cap
₹1.1k Cr
Sector
Capital Goods
Calls analysed
6
Latest concall · Q4 FY26 · call held 03 Jun 2026

Everest Kanto Q4 FY26

FY26 Consolidated Revenue ₹1,470.6 cr FY26 Consolidated EBITDA ₹203 cr +16%FY26 Consolidated EBITDA Margin 13.8% FY26 Consolidated PAT ₹146.7 cr +50%

What went well

  • FY26 Consolidated Revenue stood at ₹1,470.6 crore.
  • FY26 Consolidated EBITDA increased by 15.7% YoY to ₹203 crore, with margins improving by 210 basis points to 13.8%.
  • FY26 Consolidated PAT came in at ₹146.7 crore, reflecting a growth of 50.1% YoY.

What to watch

  • Dubai business continued to be under pressure in Q4 FY26 and the full year, operating at around 50% capacity due to geopolitical situation in the Middle East.
  • Near-term fuel price volatility remains a factor to monitor for the industry.
Read the full call →

What Everest Kanto Cylinder Limited does

Everest Kanto Cylinder Limited (EKC), incorporated in 1978, is a global manufacturer of seamless steel high-pressure gas cylinders used to store gases such as oxygen, hydrogen, nitrogen, argon, helium and compressed natural gas (CNG). It makes industrial, CNG and jumbo cylinders that serve manufacturing, fire-suppression, medical, aerospace/defence and automotive customers. The business is organised around an India operation (Tarapur, Kandla SEZ and Mundra facilities) and an international operation spanning Dubai, the USA and Egypt, giving it manufacturing and sales presence across the Middle East, North America and Africa alongside its home Indian market.

Segments

  • India business
  • International business
Cylinders in service globally
20 million+
Manufacturing facilities
6 (3 in India, 3 international)
Aggregate installed capacity
~1.8 million cylinders per year
Indian manufacturing locations
Tarapur (Maharashtra), Kandla SEZ (Gujarat), Mundra (Gujarat)
International manufacturing locations
Jebel Ali Free Zone (Dubai, UAE), Pittsburgh (Pennsylvania, USA), Egypt
Geographic markets served
India plus international markets including the Middle East, USA and Egypt
Founded 1978Headquarters Mumbai, Maharashtra, India Company website

Guidance record · Q4 FY26

what the last two calls moved 8 tracked 2 delivered 2 missed 4 open
  • India Business Margin delivered said Q4 FY25 Promised: coming back to our normal margins of 12%-15% from next quarter onwards Q4 FY26: FY26 Standalone EBITDA margin was 16.0%, achieving the target range for the full year.
  • Consolidated EBITDA Margin missed said Q3 FY25 Promised: sustain at 14% Q4 FY26: Dropped to 11.1%, missing the revised 15-17% guidance. Full year margin was 13.8%.
  • Egypt Plant Operations Timeline delayed said Q3 FY25 Promised: operational in September 2025 Q4 FY26: Slightly delayed, now expected to be operational by end of June 2026.

All 8 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 10.6%, net profit down 42.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue367 367 422 387 360 −2%365 −1%358 −15%346 −11%
EBITDA53 40 38 61 43 −19%59 +48%40 +5%47 −23%
Net profit39 18 13 52 14 −64%36 +100%46 +254%30 −42%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −27.8% 1Y

₹100₹120₹140Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 18 Nov 2025Q3 FY26 — 17 Feb 2026Q4 FY26 — 3 Jun 2026

1Y: ₹140.99 on 10 Sept 2025 → ₹101.8. High ₹151.72 (24 Oct 2025), low ₹90.89 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
−1.1%
3 Jun
Q3 FY26
+2.8%
17 Feb
Q2 FY26
−0.9%
18 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 8.3% a year over 3 years, FY23 to FY26. Operating margin widened to 13.8%.

Year endingFY23FY24FY25FY26
Revenue₹1.2k Cr₹1.2k Cr₹1.5k Cr₹1.5k Cr
Operating profit₹132 Cr₹161 Cr₹172 Cr₹203 Cr
Operating margin11.4%13.2%11.5%13.8%
Interest₹10 Cr₹8 Cr₹14 Cr₹15 Cr
Depreciation₹36 Cr₹40 Cr₹42 Cr₹51 Cr
Net profit₹50 Cr₹97 Cr₹98 Cr₹148 Cr
Net margin4.3%7.9%6.5%10.1%
Cash from operations₹106 Cr₹226 Cr₹58 Cr₹142 Cr
Free cash flow₹23 Cr₹161 Cr₹-63 Cr₹-31 Cr
ROCE12.0%12.0%12.0%12.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹22 Cr₹22 Cr₹22 Cr₹22 Cr₹22 Cr₹22 Cr
Reserves₹606 Cr₹880 Cr₹977 Cr₹1.1k Cr₹1.3k Cr₹1.4k Cr
Borrowings₹203 Cr₹114 Cr₹96 Cr₹41 Cr₹197 Cr₹267 Cr
Other liabilities₹222 Cr₹284 Cr₹297 Cr₹293 Cr₹226 Cr₹227 Cr
Total liabilities₹1.1k Cr₹1.3k Cr₹1.4k Cr₹1.4k Cr₹1.7k Cr₹1.9k Cr
Fixed assets₹312 Cr₹334 Cr₹392 Cr₹411 Cr₹441 Cr₹593 Cr
Capital work in progress₹46 Cr₹38 Cr₹64 Cr₹82 Cr₹203 Cr₹162 Cr
Investments₹3 Cr₹3 Cr₹3 Cr₹44 Cr₹66 Cr₹68 Cr
Other assets₹692 Cr₹926 Cr₹932 Cr₹898 Cr₹1.0k Cr₹1.1k Cr
Total assets₹1.1k Cr₹1.3k Cr₹1.4k Cr₹1.4k Cr₹1.7k Cr₹1.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs trimmed −0.20 pp while DIIs added +0.13 pp. The shareholder count shrank 9% to 82,813.

Promoters
67.4%
FIIs
1.2%
DIIs
0.3%
Public
31.1%

Since Jun 2025

  • FIIs −0.20 pp
  • DIIs +0.13 pp
  • Public +0.07 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 67.4%, FIIs 0.4%, DIIs 0.8%, Public 31.4%.Dec '23: Promoters 67.4%, FIIs 0.6%, DIIs 0.8%, Public 31.2%.Mar '24: Promoters 67.4%, FIIs 0.7%, DIIs 0.2%, Public 31.7%.Jun '24: Promoters 67.4%, FIIs 1.4%, DIIs 0.1%, Public 31.1%.Sep '24: Promoters 67.4%, FIIs 1.4%, DIIs 0.1%, Public 31.2%.Dec '24: Promoters 67.4%, FIIs 2.4%, DIIs 0.1%, Public 30.1%.Mar '25: Promoters 67.4%, FIIs 1.8%, DIIs 0.1%, Public 30.7%.Jun '25: Promoters 67.4%, FIIs 1.4%, DIIs 0.2%, Public 31.1%.Sep '25: Promoters 67.4%, FIIs 1.7%, DIIs 0.2%, Public 30.8%.Dec '25: Promoters 67.4%, FIIs 1.4%, DIIs 0.2%, Public 31.0%.Mar '26: Promoters 67.4%, FIIs 1.2%, DIIs 0.2%, Public 31.2%.Jun '26: Promoters 67.4%, FIIs 1.2%, DIIs 0.3%, Public 31.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Everest Kanto Cylinder Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Suman Premkumar Khurana 24.40%unchanged
Khurana Gases Private Limited 15.88%unchanged
Puneet Premkumar Khurana 9.33%unchanged
Pushkar Premkumar Khurana - 2 9.13%newly disclosed
Medical Engineers (India) Limited 4.28%unchanged
Varun Khurana 3.85%unchanged
Sonia Khurana 0.31%unchanged
Pushkar Family Trust (Suman Premkumar Khurana) 0.20%unchanged
Nishita Khurana 0.01%unchanged
Pooja Khurana 0.00%unchanged
Pushkar Premkumar Khurana —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹102, this stock must grow earnings at -1% every year for 7 years. Our analysis caps realistic growth at ~35%. At that growth it is worth ₹656 — upside of 544%.

Growth the price implies
-1.0% a year
for 7 years, fading to 4%
It has actually compounded at
36.1% a year
net profit, FY23–FY26 · EPS 34.9%
The gap
-0.4 pp
544% downside if it only repeats history
Price today ₹101.8 Value at the reference growth ₹655.94

Change the assumptions yourself →

All earnings calls (6)

Read the Q4 FY26 call →

Learn to analyse Everest Kanto Cylinder Limited

Guides on how to read this kind of business and the numbers that matter.