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Everest Kanto Cylinder Ltd.: Result has declined #ResultUpdate #nse #bse #nirmalbang #Q1FY2023 #quarterlyresults #StockMarket #StockMarketindia #everestkantocylinder
#EKC EVEREST KANTO CYLINDER RESULT
Everest Kanto cylinder #EKC IDBI cap initiates with TP 254rs Leading mfr of seamless steel gas cylinder in India-mkt share of 50% Rising number of CNG cars To become net debt free in 2yrs Strong return ratios Overseas subsidiaries turning around Capex: 0.9mn to 1.8mn 300cr
Everest Kanto cylinder #EKC FY22: D/E at 0.1x vs 0.8x in 5yrs D/EBITDA at 0.1x vs 4.5x in 5yrs RoCE 37.4% RoE 34% Int coverage 34x Rev 1699cr vs 949cr EBITDA 392cr vs 173cr OPM 23% vs 18% PAT 265cr vs 95cr Capex: New capacity in Q2 will take care of H2 volumes growth
Everest Kanto cylinder #EKC Ticking all right boxes☑️ Significant deleveraging done OCF improved Big improvement in WC days Record FY22 Subsidiaries turnaround n sustaining Phase 2 expansion to contribute from H2 +1lakh cylinder 15% volume growth 22-24% OPM Solid CNG demand
Everest Kanto cylinder #EKC Record FY22 All-time high rev, EBITDA, PBT n PAT RoCE 37.4% Capex: 6lakh cylinders in India 2.4lakh in Europe Almost doubling the capacity Phase 2 from q2fy23 100cr rev/ann FY22: Rev 1699cr EBITDA 392cr PAT 265cr vs 92cr D/E 0.1x Int coverage 33x
EVEREST KANTO CYLINDER LTD:CO APPROVED DIVIDEND 0.70 RUPEES PER SHARE EVEREST KANTO CYLINDER: Q4 SL NET PROFIT 667M RUPEES VS 251M (YOY); 493M (QOQ)||Q4 REVENUE 3.71B RUPEES VS 2.3B (YOY); 3.5B (QOQ)
#EKC EVEREST KANTO CYLINDER RESULT
Everest Kanto cylinder #EKC Fantastic q4fy22 Amazing growth momentum continues n keeps getting better every quarter Rev 486cr vs 286cr PBT 90cr vs 30cr Q3 PBT at 87cr PAT at 65cr vs 4cr EPS 5.8rs vs 0.4re FY22 EPS at 24rs vs 8rs👌 6.8x trailing p/e OCF 165cr vs 84cr up 2x
Everest Kanto Cylinder freezes at 5% upper circuit on JV for cylinder manufacturing in MENA
Everest Kanto Cylinder freezes at 5% upper circuit on JV for cylinder manufacturing in MENA
Everest Kanto cylinder #EKC Strong business momentum Order book solid for 6-9mnths Extra 1,00,000 cylinder capacity by July To do 1500-1600cr rev for fy22 22-24% margin guidance Fy23: 1800-2000cr rev with similar margin Fy25-2x capacity To track closely: OCF Dividend policy
Everest Kanto Cylinder says 👍Capacity Utilisations levels at 90% 👉Capacity to double by FY25 FY23 🎯Revenue at ₹1800-2000cr 🎯Margins 22% to 24% Conversion days will decline from here on 👀 🚨 Dividend Policy in place 🚨 #StockMarket #Nifty https://t.co/jKHP
#OnCNBCTV18 | In conversation with @Nigel__DSouza & @blitzkreigm the MD of Everest Kanto Cylinder – Puneet Khurana says that increasing demand for CNG cylinders will benefit them. And going forward they expect margins to stabilise around 22-24% levels @sonalbhutra
#EKC (Everest Kanto Cylinder Limited) gave a return of 10.87% within 8 trading sessions. BUY call given on #EKC (Everest Kanto Cylinder Limited) on 8 Mar 2022 at 205.65 hit the target of 228 on 21 Mar 2022. #investing #NSE #StockMarket
Everest Kanto cylinder #EKC Q3 concall: No of gas stations tripled in India in 6yrs to cross 3000 9000-next 4-5yrs Strong q3 OPM 21% despite RM challenges Should do higher margins in q4 vs Q3 2md phase of expansion-q2fy23 RoCE 32% Can⬆️ further Focus on increasing margins
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