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Everest Industries Ltd

EVERESTIND
NSE
393.55
0.47%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Everest Industries Ltd

EVERESTIND
NSE
393.55
0.47%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
624Cr
Close
Close Price
393.55
Industry
Industry
Pre-Engineering Buildings
PE
Price To Earnings
PS
Price To Sales
0.40
Revenue
Revenue
1,542Cr
Rev Gr TTM
Revenue Growth TTM
-9.39%
PAT Gr TTM
PAT Growth TTM
708.28%
Peer Comparison
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EVERESTIND
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
446484308352432522377371453501306283
Growth YoY
Revenue Growth YoY%
19.27.0-13.7-10.4-3.27.922.55.54.8-4.1-18.8-23.7
Expenses
ExpensesCr
437464309344417495379377442484315302
Operating Profit
Operating ProfitCr
1020-281527-2-61016-9-19
OPM
OPM%
2.24.2-0.62.23.45.1-0.5-1.52.33.3-2.9-6.8
Other Income
Other IncomeCr
20127529211432-12
Interest Expense
Interest ExpenseCr
2633344667677
Depreciation
DepreciationCr
8888899912101010
PBT
PBTCr
-522-61322-15-2063-25-48
Tax
TaxCr
-17500-27-3-4-22-7-10
PAT
PATCr
1318-61516-12-1582-18-38
Growth YoY
PAT Growth YoY%
115.3-17.1-280.3-83.7-58.0-9.5-99.8-2,011.140.4-89.8-55.7-145.3
NPM
NPM%
2.93.6-1.90.21.33.0-3.1-4.21.70.3-5.9-13.4
EPS
EPS
8.211.2-3.70.53.510.110.1-9.84.81.0-11.5-23.9

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
1,2311,3131,1601,2711,4081,2851,2181,3651,6481,5751,7231,542
Growth
Revenue Growth%
6.7-11.79.510.8-8.7-5.312.120.7-4.49.3-10.5
Expenses
ExpensesCr
1,1491,2271,1181,1811,3041,2431,1061,2961,5801,5341,6931,544
Operating Profit
Operating ProfitCr
828642901054211269684130-2
OPM
OPM%
6.76.53.67.17.43.39.25.04.12.61.7-0.1
Other Income
Other IncomeCr
1013910699294125267
Interest Expense
Interest ExpenseCr
19232113874332132428
Depreciation
DepreciationCr
252625242124252934323941
PBT
PBTCr
4850464832192674321-6-64
Tax
TaxCr
1416111217352203-3-17
PAT
PATCr
3434353621456444218-4-47
Growth
PAT Growth%
0.6-91.21,657.616.6-78.1317.0-21.8-3.9-57.5-120.0-1,200.7
NPM
NPM%
2.82.60.34.24.41.14.63.22.61.1-0.2-3.0
EPS
EPS
22.522.61.935.139.38.736.128.227.011.4-2.3-29.6

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
151515161616161616161616
Reserves
ReservesCr
304331323382436437493527566582581561
Current Liabilities
Current LiabilitiesCr
500429384324375314390441479487505509
Non Current Liabilities
Non Current LiabilitiesCr
130151123807682317572115210217
Total Liabilities
Total LiabilitiesCr
9509278468029028499301,0581,1321,1991,3121,303
Current Assets
Current AssetsCr
506509432388499421486612683645696674
Non Current Assets
Non Current AssetsCr
444417414414403428444447448554616629
Total Assets
Total AssetsCr
9509278468029028499301,0581,1321,1991,3121,303

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
439358148355626432-168183-90
Investing Cash Flow
Investing Cash FlowCr
-36-20-19-16-22-26-1403640-93-59
Financing Cash Flow
Financing Cash FlowCr
36-78-86-123-16-46-79-1842-3996
Net Cash Flow
Net Cash FlowCr
42-5-479-4-164550-8550-53
Free Cash Flow
Free Cash FlowCr
439358151355626436-168191-80
CFO To PAT
CFO To PAT%
126.1269.31,931.5279.256.0411.1468.072.9-397.01,014.02,503.6
CFO To EBITDA
CFO To EBITDA%
52.7107.8140.1164.833.1131.7235.746.6-249.1445.6-301.7

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
4883653507547282074481,1171,1851,642685
Price To Earnings
Price To Earnings
14.911.1115.914.211.815.37.925.328.091.20.0
Price To Sales
Price To Sales
0.40.30.30.60.50.20.40.80.71.00.4
Price To Book
Price To Book
1.51.11.01.91.60.50.92.12.02.81.1
EV To EBITDA
EV To EBITDA
8.66.212.49.07.66.62.914.619.040.931.4
Profitability Ratios
Profitability Ratios
GPM
GPM%
42.644.243.544.044.442.546.245.441.940.340.3
OPM
OPM%
6.76.53.67.17.43.39.25.04.12.61.7
NPM
NPM%
2.82.60.34.24.41.14.63.22.61.1-0.2
ROCE
ROCE%
11.212.74.916.116.95.318.511.710.74.92.0
ROE
ROE%
10.79.90.913.313.73.011.18.17.33.0-0.6
ROA
ROA%
3.63.70.46.66.91.66.14.23.71.5-0.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Company Snapshot** - **Founded:** 1934 - **Headquarters:** India - **Core Business:** Integrated building solutions including **roofing**, **ceilings**, **walls**, **cladding**, **flooring**, and **pre-engineered steel buildings (PEB)** - **Operational History:** Nearly 90 years of leadership in the Indian building materials sector - **Employees:** 1,123 (as of Aug 2025; 892 permanent, 231 non-permanent) - **Geographic Reach:** - Domestic: Operates in **all 28 Indian states and 8 Union Territories** - International: Presence in **35+ countries**, with exports contributing **1.63%** of total turnover (Aug 2025) - **Market Position:** One of India’s largest and most diversified manufacturers of **asbestos-free cement (AC) roofing sheets** and **pre-engineered steel buildings (PEB)** --- ### **Key Business Segments & Revenue Mix** Everest Industries has strategically diversified beyond its historic roofing focus into a full-spectrum provider of modern, sustainable building solutions. | Segment | Revenue Contribution | Key Highlights | |--------|----------------------|---------------| | **Building Materials (Roofing, Boards & Panels, Ceilings, Cladding)** | ~65% (FY25) | Core revenue pillar; includes flagship products like Everest Evercool, SuperHD, Supercolour, Hi-Tech, Rapicon | | **Pre-Engineered Steel Buildings (PEB)** | **36%** (Aug 2025, up from 25–31% in earlier periods) | Fastest-growing segment; serves multinational and blue-chip clients across warehousing, logistics, industrial, and infrastructure sectors | > 💡 *Diversification Trend: PEB segment has grown steadily from 25% (FY24) to 36%, signaling successful strategic expansion.* --- ### **Manufacturing & Distribution Capabilities** #### **Production Infrastructure** - **8 Manufacturing Plants** across India (strategically located for regional demand, raw material access, and logistics optimization) - **Key Products & Capacities (as of Aug 2025):** - **8.5 lakh metric tons/year** – Roofing sheets - **174,801 metric tons/year** – Boards - **39,911 metric tons/year** – Panels - **72,000 metric tons/year** – Steel Buildings (PEB) - **New Plant Commissioned:** Mysore Works (2024) – Board and panel production in record time (13 and 10 months respectively); contributed to **>4x growth in Rapicon sales** in South India - **Future Expansion:** MoU signed in Feb 2025 for a **Rs. 138 crore fibre cement board plant in Matia, Goalpara, Assam** #### **Nationwide Distribution Network** - **12,000+ channel partners** (dealers, distributors, contractors) - **Over 11,000 retail outlets** across rural, semi-urban, and urban markets - **30+ sales depots** (up from 32 in Mar 2025), with **23 depots supporting PEB division** - **Coverage:** - **400+ cities** - **100,000+ villages** - **1,693 dealers**, **6,640 contractors** actively engaged --- ### **Core Product Portfolio & Innovation** Everest continues to innovate with **sustainable, high-performance, and aesthetically modern** building materials. #### **1. Roofing Solutions** - **Flagship Products:** - **Everest CBS Grey**: Foundational product, known for reliability and versatility - **Everest Supercolour**: India’s **first & only coloured cement roofing sheet** (6 vibrant options), combines aesthetics with corrosion resistance, anti-fungal properties, and heat insulation - **Everest Hi-Tech**: Non-asbestos fibre cement sheets, **GreenPro-certified**, ideal for industrial and chemical environments; used in landmark projects like Our Lady of Dolours Basilica (108,000 sq. ft.) - **Everest Evercool**: **Certified cool roofing** solution with high **Solar Reflectance Index (SRI)**; reduces indoor temperatures by **up to 11°C**, promoting energy efficiency and thermal comfort - **Accessories:** Full range including ridges, barge boards, no-pan light curves, and **EPDM washers** (leak-proofing) - **Marketing Campaigns:** - **#GarmiKiNoEntry** – promotes Evercool as affordable thermal insulation - **#UparwalaSambhalLega** – digital campaign with strong rural appeal #### **2. Boards & Panels** - **SuperHD**: **A1 fire-rated**, high-density fibre cement board; **India’s No. 1 board** in its category; used in high-rise cladding and exteriors - **DuraPro**: High-performance exterior board with **cross-mesh technology**; resistant to humidity and weather - **Rapicon Solid Drywall**: Offers **175-minute fire rating**, **39 dB sound insulation**; superior to gypsum in performance - **Arte Series (Artewood, Artestone)**: Premium, design-forward cladding panels targeting the luxury and aspirational market - **Bioclean**: Anti-microbial ceiling for healthcare, pharma, and data centers - **Green Advantage:** Products are **lightweight**, **reusable**, and contribute to **lower lifecycle carbon emissions** #### **3. Pre-Engineered Steel Buildings (PEB)** - Provides **end-to-end turnkey solutions**: design, engineering, manufacturing, delivery, and installation - **Custom-designed** using advanced tools: **SAP, Tekla Structures, STAAD Pro** – optimized for wind, seismic, load, and site-specific conditions - **Applications:** Warehouses, logistics parks, multi-storey buildings, industrial facilities, data centers, infrastructure, commercial structures - **Key Projects:** - **Pragati Infra, Palwal**: 3 buildings (>21,000 sqm, 1,000 MT steel) with energy-efficient features - **KMRA Associates**: Expansible warehouses in 4 cities using **Rapicon panels** (800+ MT) - **Airplane Hangars**: 93-meter clear span in Delhi; pinned base design minimizes civil work - **Supply Chain:** Customer pull-based model (driven by Theory of Constraints), enabling faster response and project execution --- ### **Strategic Growth Initiatives (Aug 2025 Focus)** #### **1. Market Expansion** - Targeted growth in **high-growth sectors**: - Food processing - E-commerce logistics - Rural infrastructure - Data centers - Focus on **sustainability-driven projects**, leveraging thermal and fire performance of fibre cement and steel solutions #### **2. Digital Transformation** - **Digital-First Marketing:** - Targeted campaigns on **Google, YouTube, Facebook, Instagram** - Generated **32.9 million unique impressions** and **21x ROAS** via #GarmiKiNoEntry - Multilingual, region-specific content for B2B and B2C audiences - **Sales Enablement:** - **Optimized landing pages**, **CRM integration**, **preliminary design simulators** for early-stage client decisions - **25–55% digital sales growth** reported (varies by segment) - **Neev App**: 6,500+ registered contractors for training and engagement #### **3. Innovation & R&D** - **Everest Innovation Centre (Mumbai)** and **R&D center (Bangalore, est. 1981)** drive continuous innovation - Focus areas: - **Smart steel technologies** - **Modular & sustainable designs** - **Carbon footprint reduction** across product lifecycle - **Structural innovation** for faster project cycles - Launches: - **DuraPro-A**, **ColourClad**, **Evercool – Single Coat**, **Supercolour (Red)** with reduced labor and material input #### **4. Brand & Customer Engagement** - **B2B Thought Leadership:** - Technical webinars for EPCs, architects, and consultants - **"Everest Connect"** – panel discussions and city events to strengthen industry authority - **"SteelTheSpotlight – Season 1"** – youth engagement for brand perception - **Grassroots Marketing:** - Targeted van campaigns, demo sheds showing real-time temperature differences - Vernacular storytelling and live demonstrations in rural areas - Influencer collaborations, dealer training, and **High-Flier 4.0 loyalty program** (e.g., Baku trip for top dealers) --- ### **Sustainability & ESG Commitment** - **Sustainable Materials:** Products are **asbestos-free, reusable, recyclable, and low-carbon** - **Green Certifications:** Products **GreenPro and IGBC certified** - **Eco-Friendly Construction:** - Dry construction saves **340 liters of water per sq. ft.** - **30% reduction in construction pollution** - Up to **70% materials salvageable** during renovations - **Operational Sustainability:** - Water conservation and **waste heat recovery systems** deployed across plants - Migration to **cloud-based IT** (SAP Hana, Zoho, DarwinBox) improves efficiency --- ### **Market Performance & Challenges** - **Market Share:** Maintained and expanded in domestic AC roofing despite weak rural demand and economic headwinds (FY24–25) - **Demand Drivers:** - Rural household construction - Industrial investment - Government housing schemes - Global manufacturing shift to India post-pandemic - **Competition & Risks:** - **Price volatility** in steel and raw materials - Competition from **GI sheet manufacturers** (low-cost alternative) - Potential entry of **international FCB players** into Indian market - **Competitive Edge:** - **Strong rural brand trust**, **pan-India distribution**, **technological innovation**, and **integrated solutions** give Everest a significant advantage --- ### **Recent Milestones & Recognition** - **Completed Iconic Projects:** - **Burgery In Café (Thrissur)** – 2,500 sq. ft. urban design using Everest Hi-Tech sheets - **Baviskar Poultry Farm (Dhule)** – Evercool improved thermal comfort and poultry productivity - **Pandemic Healthcare Center (Vashi, Mumbai)** – 76,762 sq. ft. built in lockdown, showcasing agility and scalability - **Awards & Recognition:** - Recognized as **India’s No. 1 high-density board** (SuperHD) - **"Reimagine" brand repositioning** signals transformation from roofing provider to holistic builder - **Everest NextGen 2.0** – engaged 500+ young architects, fostering future design collaborations