Scans

Tools

Home

Charts

Watchlist

Products

Everest Industries Ltd

EVERESTIND

NSE

₹473.35-2.18%19 Oct 2026 at 3:31 PM

Reports

Pre Engineering Buildings

Everest Industries Ltd

EVERESTIND

NSE

₹473.35

-2.18%

19 Oct 2026 at 3:31 PM

SOICxStockScans Reports

Ask AI

Pre Engineering Buildings

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Forensic Report: Accounting quality and red flags.Deep Dive Report: In-depth business analysis.

Everest Industries is the company that put a roof over independent India - it made the country’s first asbestos-cement roofing sheet in 1934, and nearly a century later its sheets still cover more than a billion square metres of the subcontinent. Over the decades it has used the cash and distribution muscle of that original roofing franchise to build two more legs: a fast-growing urban boards-and-panels business that sells into data centres and high-rises, and a pre-engineered steel buildings division that puts up entire factories and warehouses. The recurring pattern is simple - it makes pre-fabricated building materials that go up faster, last longer and use less water than brick-and-mortar, then pushes them through a distribution network that reaches from the smallest village to the largest construction site.

Business segments

Three engines at different stages - a roofing cash cow that reaches over a hundred thousand villages, an urban boards-and-panels platform riding the data-centre boom, and a steel-buildings project business for factories and warehouses - each built on the distribution and manufacturing footprint of the one before.

1. Roofing: the village franchise that built the company

A fibrous-cement sheet sold to rural households through more than 11,000 retail outlets, with a brand so entrenched that “Everest” is synonymous with roofing in India.

The original moat - Everest was India’s first AC roofing-sheet maker, starting in 1934, and has since installed over one billion square metres of roofing across the country.
A distribution machine reaching the last mile - the roofing network spans 12,000-plus channel partners, 30 depots and roughly 11,000 retail outlets, putting sheets into more than 1,00,000 villages and 400 cities.
A shift away from asbestos - the core raw material is chrysotile fibre, which makes up roughly half to three-fifths of input cost and comes from a handful of suppliers in Russia, Brazil and Kazakhstan; Everest has been reducing the asbestos share in its mix (targeting 7.5% by 2027-28) and now earns more than a quarter of building-products revenue from non-asbestos sheets.

2. Boards and panels: the urban specification engine

Fibre-cement boards and panels sold to architects and contractors for high-rise cladding, drywalls and data-centre ceilings - a business built on specification, not just distribution.

Sold through the drawing board - instead of relying on retail shelves, the division targets architects, designers and contractors with a specification-driven model, supported by an experience centre in Noida and a loyalty app that has signed up more than 6,500 contractors.
A product for the data-centre age - the range includes fire-rated boards (SuperHD, claimed as India’s number one high-density board), antimicrobial clean-room ceilings for pharma and data centres, and solid drywalls that deliver a 175-minute fire rating and sound insulation up to 39 decibels.
Dry construction is the pitch - because the boards use no water on site, they save up to 340 litres per square foot and cut construction pollution by roughly 30%; when layouts change, nearly 70% of the material can be salvaged.
A low-base consumption story - per-capita use of fibre-cement board in India is just 0.2 kg, against 20 kg in Thailand, so the division is betting that urbanisation and green-building mandates will keep pulling demand upward.

3. Pre-engineered steel buildings: the project-based industrial engine

Custom-designed steel factories, warehouses and hangars delivered as a turnkey package - design, fabrication and erection under one roof.

One contract, one building - the division takes fixed-price, design-and-build orders for entire steel structures, serving blue-chip clients such as Amazon, Flipkart, Britannia and L&T, and earns nearly half its orders from repeat customers.
Engineering depth as a differentiator - the division runs a design centre in Hyderabad and an R&D centre in Mumbai, using tools such as STAAD Pro and Tekla to optimise every frame; a customised SAP-based ERP lets customers track their project in real time.
Warehousing is the tailwind - the rollout of GST made large, centralised warehouses economical, and pre-engineered steel has become the default construction method for the sector; the overall PEB industry is growing at 10-12% a year.
A South Indian expansion that never happened - a planned ₹125-crore plant in Andhra Pradesh that would have lifted capacity from 72,000 to 114,000 tonnes was deferred repeatedly and finally cancelled in July 2026, with the land returned to the state.

Group structure and partners

A holding company controls just over half the equity, while three wholly owned subsidiaries house the newer manufacturing and international operations.

Falak Investment Private Limited owns 50.15% of Everest Industries.
Everest Buildpro Private Limited, incorporated in March 2023, operates the new boards-and-panels plant in Chamarajanagar, Karnataka.
Everest Steel Building Private Limited was incorporated in May 2023 as a dedicated vehicle for the PEB design and manufacturing business.
Everest Building Products, a Mauritius subsidiary, in turn owns Everest FZE in the UAE, providing an export and international trading platform.
The company has taken small equity stakes - 3.12% in Amplus Ampere and an undisclosed percentage in Enerparc Solar Power 10 - to secure captive solar power for its plants under India’s group-captive electricity rules.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

Charts

Documents

Edit Ratios

Mkt Cap

Market Capitalization

₹759Cr

Close Price

₹479.00

Industry

Pre Engineering Buildings

Price To Earnings

—

Price To Sales

0.56

Revenue

₹1,352Cr

Rev Gr TTM

Revenue Growth TTM

-20.52%

PAT Gr TTM

PAT Growth TTM

93.12%

Upcoming Results on

26 Oct 2026

Consolidated

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	308	352	432	522	377	371	453	501	306	283	327	436
Growth YoY Revenue Growth YoY%	-13.7	-10.4	-3.2	7.9	22.5	5.5	4.8	-4.1	-18.8	-23.7	-27.7	-12.9
Expenses ExpensesCr	309	344	417	495	379	377	442	484	315	302	353	392
Operating Profit Operating ProfitCr	-2	8	15	27	-2	-6	10	16	-9	-19	-26	44
OPM OPM%	-0.6	2.2	3.4	5.1	-0.5	-1.5	2.3	3.3	-2.9	-6.8	-8.0	10.1
Other Income Other IncomeCr	7	5	2	9	2	1	14	3	2	-12	5	94
Interest Expense Interest ExpenseCr	3	3	4	4	6	6	7	6	7	7	9	6
Depreciation DepreciationCr	8	8	8	9	9	9	12	10	10	10	11	10
PBT PBTCr	-6	1	3	22	-15	-20	6	3	-25	-48	-42	123
Tax TaxCr	0	0	-2	7	-3	-4	-2	2	-7	-10	5	21
PAT PATCr	-6	1	5	16	-12	-15	8	2	-18	-38	-47	102
Growth YoY PAT Growth YoY%	-280.3	-83.7	-58.0	-9.5	-99.8	-2,011.1	40.4	-89.8	-55.7	-145.3	-717.4	6,163.2
NPM NPM%	-1.9	0.2	1.3	3.0	-3.1	-4.2	1.7	0.3	-5.9	-13.4	-14.4	23.4
EPS EPS₹	-3.7	0.5	3.5	10.1	10.1	-9.8	4.8	1.0	-11.5	-23.9	-29.8	64.4

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	308	352	432	522	377	371	453	501	306	283	327	436
Growth YoY Revenue Growth YoY%	-13.7	-10.4	-3.2	7.9	22.5	5.5	4.8	-4.1	-18.8	-23.7	-27.7	-12.9
Expenses ExpensesCr	309	344	417	495	379	377	442	484	315	302	353	392
Operating Profit Operating ProfitCr	-2	8	15	27	-2	-6	10	16	-9	-19	-26	44
OPM OPM%	-0.6	2.2	3.4	5.1	-0.5	-1.5	2.3	3.3	-2.9	-6.8	-8.0	10.1
Other Income Other IncomeCr	7	5	2	9	2	1	14	3	2	-12	5	94
Interest Expense Interest ExpenseCr	3	3	4	4	6	6	7	6	7	7	9	6
Depreciation DepreciationCr	8	8	8	9	9	9	12	10	10	10	11	10
PBT PBTCr	-6	1	3	22	-15	-20	6	3	-25	-48	-42	123
Tax TaxCr	0	0	-2	7	-3	-4	-2	2	-7	-10	5	21
PAT PATCr	-6	1	5	16	-12	-15	8	2	-18	-38	-47	102
Growth YoY PAT Growth YoY%	-280.3	-83.7	-58.0	-9.5	-99.8	-2,011.1	40.4	-89.8	-55.7	-145.3	-717.4	6,163.2
NPM NPM%	-1.9	0.2	1.3	3.0	-3.1	-4.2	1.7	0.3	-5.9	-13.4	-14.4	23.4
EPS EPS₹	-3.7	0.5	3.5	10.1	10.1	-9.8	4.8	1.0	-11.5	-23.9	-29.8	64.4

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	1,313	1,160	1,271	1,408	1,285	1,218	1,365	1,648	1,575	1,723	1,417	1,352
Growth Revenue Growth%	6.7	-11.7	9.5	10.8	-8.7	-5.3	12.1	20.7	-4.4	9.3	-17.8	-20.5
Expenses ExpensesCr	1,227	1,118	1,181	1,304	1,243	1,106	1,296	1,580	1,534	1,693	1,455	1,362
Operating Profit Operating ProfitCr	86	42	90	105	42	112	69	68	41	30	-38	-10
OPM OPM%	6.5	3.6	7.1	7.4	3.3	9.2	5.0	4.1	2.6	1.7	-2.7	-0.8
Other Income Other IncomeCr	13	9	10	6	9	9	29	41	25	26	-2	89
Interest Expense Interest ExpenseCr	23	21	13	8	7	4	3	32	13	24	30	29
Depreciation DepreciationCr	26	25	24	21	24	25	29	34	32	39	41	41
PBT PBTCr	50	4	64	83	21	92	67	43	21	-6	-112	8
Tax TaxCr	16	1	11	21	7	35	22	0	3	-3	-10	9
PAT PATCr	34	3	53	62	14	56	44	42	18	-4	-102	-1
Growth PAT Growth%	0.6	-91.2	1,657.6	16.6	-78.1	317.0	-21.8	-3.9	-57.5	-120.0	-2,721.4	93.1
NPM NPM%	2.6	0.3	4.2	4.4	1.1	4.6	3.2	2.6	1.1	-0.2	-7.2	-0.1
EPS EPS₹	22.6	1.9	35.1	39.3	8.7	36.1	28.2	27.0	11.4	-2.3	-64.2	-0.8

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	1,313	1,160	1,271	1,408	1,285	1,218	1,365	1,648	1,575	1,723	1,417	1,352
Growth Revenue Growth%	6.7	-11.7	9.5	10.8	-8.7	-5.3	12.1	20.7	-4.4	9.3	-17.8	-20.5
Expenses ExpensesCr	1,227	1,118	1,181	1,304	1,243	1,106	1,296	1,580	1,534	1,693	1,455	1,362
Operating Profit Operating ProfitCr	86	42	90	105	42	112	69	68	41	30	-38	-10
OPM OPM%	6.5	3.6	7.1	7.4	3.3	9.2	5.0	4.1	2.6	1.7	-2.7	-0.8
Other Income Other IncomeCr	13	9	10	6	9	9	29	41	25	26	-2	89
Interest Expense Interest ExpenseCr	23	21	13	8	7	4	3	32	13	24	30	29
Depreciation DepreciationCr	26	25	24	21	24	25	29	34	32	39	41	41
PBT PBTCr	50	4	64	83	21	92	67	43	21	-6	-112	8
Tax TaxCr	16	1	11	21	7	35	22	0	3	-3	-10	9
PAT PATCr	34	3	53	62	14	56	44	42	18	-4	-102	-1
Growth PAT Growth%	0.6	-91.2	1,657.6	16.6	-78.1	317.0	-21.8	-3.9	-57.5	-120.0	-2,721.4	93.1
NPM NPM%	2.6	0.3	4.2	4.4	1.1	4.6	3.2	2.6	1.1	-0.2	-7.2	-0.1
EPS EPS₹	22.6	1.9	35.1	39.3	8.7	36.1	28.2	27.0	11.4	-2.3	-64.2	-0.8

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	15	15	16	16	16	16	16	16	16	16	16
Reserves ReservesCr	331	323	382	436	437	493	527	566	582	581	479
Current Liabilities Current LiabilitiesCr	429	384	324	375	314	390	441	479	487	505	514
Non Current Liabilities Non Current LiabilitiesCr	151	123	80	76	82	31	75	72	115	210	202
Total Liabilities Total LiabilitiesCr	927	846	802	902	849	930	1,058	1,132	1,199	1,312	1,211
Current Assets Current AssetsCr	509	432	388	499	421	486	612	683	645	696	607
Non Current Assets Non Current AssetsCr	417	414	414	403	428	444	447	448	554	616	604
Total Assets Total AssetsCr	927	846	802	902	849	930	1,058	1,132	1,199	1,312	1,211

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	15	15	16	16	16	16	16	16	16	16	16
Reserves ReservesCr	331	323	382	436	437	493	527	566	582	581	479
Current Liabilities Current LiabilitiesCr	429	384	324	375	314	390	441	479	487	505	514
Non Current Liabilities Non Current LiabilitiesCr	151	123	80	76	82	31	75	72	115	210	202
Total Liabilities Total LiabilitiesCr	927	846	802	902	849	930	1,058	1,132	1,199	1,312	1,211
Current Assets Current AssetsCr	509	432	388	499	421	486	612	683	645	696	607
Non Current Assets Non Current AssetsCr	417	414	414	403	428	444	447	448	554	616	604
Total Assets Total AssetsCr	927	846	802	902	849	930	1,058	1,132	1,199	1,312	1,211

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	93	58	148	35	56	264	32	-168	183	-90	109
Investing Cash Flow Investing Cash FlowCr	-20	-19	-16	-22	-26	-140	36	40	-93	-59	-10
Financing Cash Flow Financing Cash FlowCr	-78	-86	-123	-16	-46	-79	-18	42	-39	96	-64
Net Cash Flow Net Cash FlowCr	-5	-47	9	-4	-16	45	50	-85	50	-53	35
Free Cash Flow Free Cash FlowCr	93	58	151	35	56	264	36	-168	191	-80	114
CFO To PAT CFO To PAT%	269.3	1,931.5	279.2	56.0	411.1	468.0	72.9	-397.0	1,014.0	2,503.6	-106.8
CFO To EBITDA CFO To EBITDA%	107.8	140.1	164.8	33.1	131.7	235.7	46.6	-249.1	445.6	-301.7	-285.5

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	93	58	148	35	56	264	32	-168	183	-90	109
Investing Cash Flow Investing Cash FlowCr	-20	-19	-16	-22	-26	-140	36	40	-93	-59	-10
Financing Cash Flow Financing Cash FlowCr	-78	-86	-123	-16	-46	-79	-18	42	-39	96	-64
Net Cash Flow Net Cash FlowCr	-5	-47	9	-4	-16	45	50	-85	50	-53	35
Free Cash Flow Free Cash FlowCr	93	58	151	35	56	264	36	-168	191	-80	114
CFO To PAT CFO To PAT%	269.3	1,931.5	279.2	56.0	411.1	468.0	72.9	-397.0	1,014.0	2,503.6	-106.8
CFO To EBITDA CFO To EBITDA%	107.8	140.1	164.8	33.1	131.7	235.7	46.6	-249.1	445.6	-301.7	-285.5

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	365	350	754	728	207	448	1,117	1,185	1,642	685	462	759
Price To Earnings Price To Earnings	11.1	115.9	14.2	11.8	15.3	7.9	25.3	28.0	91.2
Price To Sales Price To Sales	0.3	0.3	0.6	0.5	0.2	0.4	0.8	0.7	1.0	0.4	0.3	0.6
Price To Book Price To Book	1.1	1.0	1.9	1.6	0.5	0.9	2.1	2.0	2.8	1.1	0.9	1.5
EV To EBITDA EV To EBITDA	6.2	12.4	9.0	7.6	6.6	2.9	14.6	19.0	40.9	31.4	-16.9	-92.2
Profitability Ratios Profitability Ratios
GPM GPM%	32.1	33.4	33.9	33.6	30.1	35.5	33.5	30.4	29.1	27.5	26.1	26.1
OPM OPM%	6.5	3.6	7.1	7.4	3.3	9.2	5.0	4.1	2.6	1.7	-2.7	-0.8
NPM NPM%	2.6	0.3	4.2	4.4	1.1	4.6	3.2	2.6	1.1	-0.2	-7.2	-0.1
ROCE ROCE%	12.7	4.9	16.1	16.9	5.3	18.5	11.7	10.7	4.9	2.0	-11.3	-11.3
ROE ROE%	9.9	0.9	13.3	13.7	3.0	11.1	8.1	7.3	3.0	-0.6	-20.6	-20.6
ROA ROA%	3.7	0.4	6.6	6.9	1.6	6.1	4.2	3.7	1.5	-0.3	-8.4	-8.4
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	365	350	754	728	207	448	1,117	1,185	1,642	685	462	759
Price To Earnings Price To Earnings	11.1	115.9	14.2	11.8	15.3	7.9	25.3	28.0	91.2
Price To Sales Price To Sales	0.3	0.3	0.6	0.5	0.2	0.4	0.8	0.7	1.0	0.4	0.3	0.6
Price To Book Price To Book	1.1	1.0	1.9	1.6	0.5	0.9	2.1	2.0	2.8	1.1	0.9	1.5
EV To EBITDA EV To EBITDA	6.2	12.4	9.0	7.6	6.6	2.9	14.6	19.0	40.9	31.4	-16.9	-92.2
Profitability Ratios Profitability Ratios
GPM GPM%	32.1	33.4	33.9	33.6	30.1	35.5	33.5	30.4	29.1	27.5	26.1	26.1
OPM OPM%	6.5	3.6	7.1	7.4	3.3	9.2	5.0	4.1	2.6	1.7	-2.7	-0.8
NPM NPM%	2.6	0.3	4.2	4.4	1.1	4.6	3.2	2.6	1.1	-0.2	-7.2	-0.1
ROCE ROCE%	12.7	4.9	16.1	16.9	5.3	18.5	11.7	10.7	4.9	2.0	-11.3	-11.3
ROE ROE%	9.9	0.9	13.3	13.7	3.0	11.1	8.1	7.3	3.0	-0.6	-20.6	-20.6
ROA ROA%	3.7	0.4	6.6	6.9	1.6	6.1	4.2	3.7	1.5	-0.3	-8.4	-8.4
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	INTERARCH	EPACKPEB	PENIND	MBEL	EVERESTIND
Market CapitalizationMkt CapCr	2,633	2,395	2,250	1,618	759
Close PriceClose₹	1,565.50	238.00	166.05	283.00	479.00
IndustryIndustry	Pre Engineering Buildings	Pre Engineering Buildings	Pre Engineering Buildings	Pre Engineering Buildings	Pre Engineering Buildings
Price To EarningsPE	19.54	23.92	15.75	16.61
Price To SalesPS	1.33	1.50	0.62	1.23	0.56
RevenueRevenueCr	1,977	1,596	3,645	1,313	1,352
Revenue Growth TTMRev Gr TTM%	29.1%	37.5%	9.2%	20.9%	-20.5%
PAT Growth TTMPAT Gr TTM%	15.9%	52.6%	13.4%	9.7%	93.1%

	INTERARCH	EPACKPEB	PENIND	MBEL	EVERESTIND
Market CapitalizationMkt CapCr	2,633	2,395	2,250	1,618	759
Close PriceClose₹	1,565.50	238.00	166.05	283.00	479.00
IndustryIndustry	Pre Engineering Buildings	Pre Engineering Buildings	Pre Engineering Buildings	Pre Engineering Buildings	Pre Engineering Buildings
Price To EarningsPE	19.54	23.92	15.75	16.61
Price To SalesPS	1.33	1.50	0.62	1.23	0.56
RevenueRevenueCr	1,977	1,596	3,645	1,313	1,352
Revenue Growth TTMRev Gr TTM%	29.1%	37.5%	9.2%	20.9%	-20.5%
PAT Growth TTMPAT Gr TTM%	15.9%	52.6%	13.4%	9.7%	93.1%

FY2026

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2026

Jun 26