Manufactures seamless steel high-pressure cylinders for CNG, industrial gas and jumbo storage applications worldwide.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 346 | −10.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.0 | −2.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 30.0 | −42.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 10.27 | +2.4 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -2.11 | +2.0 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -7.39 | −24.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
2 of 4 judged targets kept · 4 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| India Business Margin | coming back to our normal margins of 12%-15% from next quarter onwards | Q4 FY25 | FY26 Standalone EBITDA margin was 16.0%, achieving the target range for the full year. | Achieved |
| Consolidated EBITDA Margin | sustain at 14% | Q3 FY25 | Dropped to 11.1%, missing the revised 15-17% guidance. Full year margin was 13.8%. | Missed |
| Egypt Plant Operations Timeline | operational in September 2025 | Q3 FY25 | Slightly delayed, now expected to be operational by end of June 2026. | Delayed |
2 of Everest Kanto Cylinder Limited's 8 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 5 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹151.72 on 24 Oct 2025 → ₹99.14. High ₹151.72 (24 Oct 2025), low ₹90.89 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
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
close before → close after
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.
Guidance
2 of 4 judged targets kept · 4 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| India Business Margin | coming back to our normal margins of 12%-15% from next quarter onwards | Q4 FY25 | FY26 Standalone EBITDA margin was 16.0%, achieving the target range for the full year. | Achieved |
| Consolidated EBITDA Margin | sustain at 14% | Q3 FY25 | Dropped to 11.1%, missing the revised 15-17% guidance. Full year margin was 13.8%. | Missed |
| Egypt Plant Operations Timeline | operational in September 2025 | Q3 FY25 | Slightly delayed, now expected to be operational by end of June 2026. | Delayed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 8 tracked commitments, with each call’s wording and source.
Call summaries
Everest Kanto Q4 FY26
Everest Kanto Cylinder reported a strong FY26 performance with consolidated revenues of ₹1,470.6 crore and a 50.1% YoY increase in PAT to ₹146.7 crore, driven by margin expansion. The company is progressing with strategic capacity expansions in Mundra and Egypt, while the US business maintains a healthy order book. Challenges persist in the Dubai market due to geopolitical factors, and fuel price volatility is a watch item.
Read the full callEverest Kanto Q3 FY26
Everest Kanto Cylinder Limited delivered a strong Q3 FY26 performance, marked by robust financial growth and strategic capacity expansions. Consolidated revenues reached Rs. 365.1 crore, with EBITDA and PAT growing 48% and 98.9% YoY respectively, driven by improved realisations and a favourable product mix. The company initiated operations at its Mundra facility and approved significant capex in the US, while its Egypt facility is on track for May 2026 commencement, despite subdued Dubai operations.
Read the full callEverest Kanto Q2 FY26
Everest Kanto Cylinder Limited reported a steady Q2 FY26 with consolidated revenue of ₹360.4 crores and PAT of ₹13.7 crores. The company is making significant progress on its new facilities in Mundra and Egypt, with commercialization expected by March and January respectively. While the CNG segment faced short-term softness and US margins were impacted by higher costs, management expressed confidence in future growth driven by strong order book visibility, clean energy, and industrial applications. A one-time penalty of ₹11 crores was incurred for non-compliance with SEZ foreign exchange earni
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: −42% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 367 | 367 | 422 | 387 | 360 | 365 | 358 | 346 |
| Expenses | 314 | 327 | 384 | 326 | 317 | 306 | 319 | 299 |
| Operating profit | 53 | 40 | 38 | 61 | 43 | 59 | 40 | 47 |
| Operating margin | 14.0% | 11.0% | 9.0% | 16.0% | 12.0% | 16.0% | 11.0% | 14.0% |
| Other income | 5 | 2 | -4 | 19 | -7 | 7 | 2 | 10 |
| Interest | 3 | 5 | 4 | 4 | 4 | 3 | 4 | 4 |
| Depreciation | 11 | 10 | 11 | 11 | 11 | 14 | 15 | 15 |
| Profit before tax | 45 | 27 | 19 | 65 | 21 | 51 | 23 | 39 |
| Tax rate | 13.0% | 34.0% | 31.0% | 21.0% | 35.0% | 29.0% | −101.0% | 22.0% |
| Net profit | 39 | 18 | 13 | 52 | 14 | 36 | 46 | 30 |
| EPS (₹ per share) | 3.43 | 1.61 | 1.19 | 4.60 | 1.22 | 3.18 | 4.09 | 2.68 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 1,157 | 1,222 | 1,499 | 1,470 |
| Expenses | 1,025 | 1,062 | 1,326 | 1,268 |
| Operating profit | 132 | 161 | 172 | 203 |
| Other income | -17 | 4 | 7 | 21 |
| Interest | 10 | 8 | 14 | 15 |
| Depreciation | 36 | 40 | 42 | 51 |
| Profit before tax | 70 | 118 | 124 | 160 |
| Net profit | 50 | 97 | 98 | 148 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 880 | 977 | 1,078 | 1,184 | 1,265 | 1,377 |
| Borrowings | 114 | 96 | 41 | 143 | 197 | 199 |
| Other liabilities | 284 | 297 | 293 | 294 | 226 | 328 |
| Total liabilities | 1,301 | 1,392 | 1,435 | 1,644 | 1,711 | 1,927 |
| Fixed assets | 334 | 392 | 411 | 417 | 441 | 585 |
| Capital work in progress | 38 | 64 | 82 | 163 | 203 | 170 |
| Investments | 3 | 3 | 44 | 64 | 66 | 68 |
| Other assets | 926 | 932 | 898 | 1,000 | 1,000 | 1,104 |
| Total assets | 1,301 | 1,392 | 1,435 | 1,644 | 1,711 | 1,927 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 85 | 165 | 106 | 226 | 58 | 142 |
| Cash from investing | 75 | -60 | -77 | -122 | -137 | -199 |
| Cash from financing | -118 | -113 | -43 | -74 | 77 | 31 |
| Net cash flow | 42 | -8 | -14 | 30 | -2 | -27 |
| Free cash flow | 59 | 84 | 23 | 161 | -63 | -31 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 63 | 49 | 53 | 52 | 61 | 55 |
| Inventory days | 227 | 175 | 286 | 283 | 228 | 280 |
| Days payable | 53 | 40 | 28 | 37 | 32 | 26 |
| Cash conversion cycle | 236 | 184 | 311 | 298 | 256 | 310 |
| Working capital days | 86 | 97 | 150 | 148 | 125 | 158 |
| Return on capital employed | 16.0% | 41.0% | 12.0% | 12.0% | 12.0% | 12.0% |
| Dividend payout | 4.0% | 3.0% | 10.0% | 8.0% | 8.0% | 5.0% |
The businesses behind the company’s reported revenue.
India contributes 58.1% of reported segment revenue.
Quarter ended 30 Jun 2026 · Consolidated
₹202.74 crore
₹92.20 crore
₹52.04 crore
₹1.71 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| India | 202.74 | 58.1% |
| U.S.A and Hungary | 92.20 | 26.4% |
| U.A.E (Dubai) | 52.04 | 14.9% |
| Others | 1.71 | 0.5% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Others shrank from 2% to 0% of revenue over the last two years.
| Segment | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| India | 57% | 64% | 66% | 62% | 59% | 63% | 69% | 58% | -14.4% |
| U.S.A and Hungary | — | — | — | — | — | — | 21% | 26% | — |
| U.A.E (Dubai) | — | — | — | — | — | — | 9% | 15% | — |
| Others | 2% | 3% | 1% | 1% | 2% | 3% | 1% | <1% | -73.6% |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
To justify its price of ₹99, this stock must grow earnings at -2% every year for 7 years. Our analysis caps realistic growth at ~35%. At that growth it is worth ₹656 — upside of 562%.
Ownership
Promoters hold 67.38% as of Sept 2026; institutions added 0.03 pts since Jun 2026.
since Jun 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.
Named in the Sep 2026 filing
Every holder of Everest Kanto Cylinder Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 24.40% | unchanged | |
| 15.88% | unchanged | |
| 9.33% | unchanged | |
| 9.13% | newly disclosed | |
| 4.28% | unchanged | |
| 3.85% | unchanged | |
| 0.31% | unchanged | |
| 0.20% | unchanged | |
| 0.01% | unchanged | |
| — | 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.
Your own record
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