Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹624Cr
Pre-Engineering Buildings
Rev Gr TTM
Revenue Growth TTM
-9.39%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

EVERESTIND
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 19.2 | 7.0 | -13.7 | -10.4 | -3.2 | 7.9 | 22.5 | 5.5 | 4.8 | -4.1 | -18.8 | -23.7 |
| 437 | 464 | 309 | 344 | 417 | 495 | 379 | 377 | 442 | 484 | 315 | 302 |
Operating Profit Operating ProfitCr |
| 2.2 | 4.2 | -0.6 | 2.2 | 3.4 | 5.1 | -0.5 | -1.5 | 2.3 | 3.3 | -2.9 | -6.8 |
Other Income Other IncomeCr | 20 | 12 | 7 | 5 | 2 | 9 | 2 | 1 | 14 | 3 | 2 | -12 |
Interest Expense Interest ExpenseCr | 26 | 3 | 3 | 3 | 4 | 4 | 6 | 6 | 7 | 6 | 7 | 7 |
Depreciation DepreciationCr | 8 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 12 | 10 | 10 | 10 |
| -5 | 22 | -6 | 1 | 3 | 22 | -15 | -20 | 6 | 3 | -25 | -48 |
| -17 | 5 | 0 | 0 | -2 | 7 | -3 | -4 | -2 | 2 | -7 | -10 |
|
Growth YoY PAT Growth YoY% | 115.3 | -17.1 | -280.3 | -83.7 | -58.0 | -9.5 | -99.8 | -2,011.1 | 40.4 | -89.8 | -55.7 | -145.3 |
| 2.9 | 3.6 | -1.9 | 0.2 | 1.3 | 3.0 | -3.1 | -4.2 | 1.7 | 0.3 | -5.9 | -13.4 |
| 8.2 | 11.2 | -3.7 | 0.5 | 3.5 | 10.1 | 10.1 | -9.8 | 4.8 | 1.0 | -11.5 | -23.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 6.7 | -11.7 | 9.5 | 10.8 | -8.7 | -5.3 | 12.1 | 20.7 | -4.4 | 9.3 | -10.5 |
| 1,149 | 1,227 | 1,118 | 1,181 | 1,304 | 1,243 | 1,106 | 1,296 | 1,580 | 1,534 | 1,693 | 1,544 |
Operating Profit Operating ProfitCr |
| 6.7 | 6.5 | 3.6 | 7.1 | 7.4 | 3.3 | 9.2 | 5.0 | 4.1 | 2.6 | 1.7 | -0.1 |
Other Income Other IncomeCr | 10 | 13 | 9 | 10 | 6 | 9 | 9 | 29 | 41 | 25 | 26 | 7 |
Interest Expense Interest ExpenseCr | 19 | 23 | 21 | 13 | 8 | 7 | 4 | 3 | 32 | 13 | 24 | 28 |
Depreciation DepreciationCr | 25 | 26 | 25 | 24 | 21 | 24 | 25 | 29 | 34 | 32 | 39 | 41 |
| 48 | 50 | 4 | 64 | 83 | 21 | 92 | 67 | 43 | 21 | -6 | -64 |
| 14 | 16 | 1 | 11 | 21 | 7 | 35 | 22 | 0 | 3 | -3 | -17 |
|
| | 0.6 | -91.2 | 1,657.6 | 16.6 | -78.1 | 317.0 | -21.8 | -3.9 | -57.5 | -120.0 | -1,200.7 |
| 2.8 | 2.6 | 0.3 | 4.2 | 4.4 | 1.1 | 4.6 | 3.2 | 2.6 | 1.1 | -0.2 | -3.0 |
| 22.5 | 22.6 | 1.9 | 35.1 | 39.3 | 8.7 | 36.1 | 28.2 | 27.0 | 11.4 | -2.3 | -29.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 15 | 15 | 15 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| 304 | 331 | 323 | 382 | 436 | 437 | 493 | 527 | 566 | 582 | 581 | 561 |
Current Liabilities Current LiabilitiesCr | 500 | 429 | 384 | 324 | 375 | 314 | 390 | 441 | 479 | 487 | 505 | 509 |
Non Current Liabilities Non Current LiabilitiesCr | 130 | 151 | 123 | 80 | 76 | 82 | 31 | 75 | 72 | 115 | 210 | 217 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 506 | 509 | 432 | 388 | 499 | 421 | 486 | 612 | 683 | 645 | 696 | 674 |
Non Current Assets Non Current AssetsCr | 444 | 417 | 414 | 414 | 403 | 428 | 444 | 447 | 448 | 554 | 616 | 629 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 43 | 93 | 58 | 148 | 35 | 56 | 264 | 32 | -168 | 183 | -90 |
Investing Cash Flow Investing Cash FlowCr | -36 | -20 | -19 | -16 | -22 | -26 | -140 | 36 | 40 | -93 | -59 |
Financing Cash Flow Financing Cash FlowCr | 36 | -78 | -86 | -123 | -16 | -46 | -79 | -18 | 42 | -39 | 96 |
|
Free Cash Flow Free Cash FlowCr | 43 | 93 | 58 | 151 | 35 | 56 | 264 | 36 | -168 | 191 | -80 |
| 126.1 | 269.3 | 1,931.5 | 279.2 | 56.0 | 411.1 | 468.0 | 72.9 | -397.0 | 1,014.0 | 2,503.6 |
CFO To EBITDA CFO To EBITDA% | 52.7 | 107.8 | 140.1 | 164.8 | 33.1 | 131.7 | 235.7 | 46.6 | -249.1 | 445.6 | -301.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 488 | 365 | 350 | 754 | 728 | 207 | 448 | 1,117 | 1,185 | 1,642 | 685 |
Price To Earnings Price To Earnings | 14.9 | 11.1 | 115.9 | 14.2 | 11.8 | 15.3 | 7.9 | 25.3 | 28.0 | 91.2 | 0.0 |
Price To Sales Price To Sales | 0.4 | 0.3 | 0.3 | 0.6 | 0.5 | 0.2 | 0.4 | 0.8 | 0.7 | 1.0 | 0.4 |
Price To Book Price To Book | 1.5 | 1.1 | 1.0 | 1.9 | 1.6 | 0.5 | 0.9 | 2.1 | 2.0 | 2.8 | 1.1 |
| 8.6 | 6.2 | 12.4 | 9.0 | 7.6 | 6.6 | 2.9 | 14.6 | 19.0 | 40.9 | 31.4 |
Profitability Ratios Profitability Ratios |
| 42.6 | 44.2 | 43.5 | 44.0 | 44.4 | 42.5 | 46.2 | 45.4 | 41.9 | 40.3 | 40.3 |
| 6.7 | 6.5 | 3.6 | 7.1 | 7.4 | 3.3 | 9.2 | 5.0 | 4.1 | 2.6 | 1.7 |
| 2.8 | 2.6 | 0.3 | 4.2 | 4.4 | 1.1 | 4.6 | 3.2 | 2.6 | 1.1 | -0.2 |
| 11.2 | 12.7 | 4.9 | 16.1 | 16.9 | 5.3 | 18.5 | 11.7 | 10.7 | 4.9 | 2.0 |
| 10.7 | 9.9 | 0.9 | 13.3 | 13.7 | 3.0 | 11.1 | 8.1 | 7.3 | 3.0 | -0.6 |
| 3.6 | 3.7 | 0.4 | 6.6 | 6.9 | 1.6 | 6.1 | 4.2 | 3.7 | 1.5 | -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