Everest Industries is engaged in manufacturing and trading of building products like roofing products, boards and panels, other building products and accessories and manufacturing of components of pre-engineered steel buildings and related accessories. The company has also introduced India’s first colored fiber cement roofing sheet.

Stock Details

Market Cap. (Cr.) 426.79
Face Value 10
Equity (Cr.) 15.64
52 Wk high/low 516/238
BSE Code 508906
NSE Code EVERESTIND
Book Value (Rs) 285.34
Industry Cement product

 

Share Holding Pattern %

Promoter

48.10
Foreign 3.6
Institutions 2.96
Non Promoter Corp. 5.76
Government 0.21
Public & Others 39.31
Total 100

 

Everest-Industries-Chart-09-01-2020Investment Rational

  • Everest launched India’s first technical manual on Pre-Engineered Buildings, which has facilitated engagement with structural consultants and architects. It was unveiled by an eminent panel of Structural Consultants, Architects and Construction Experts.
  • Sales volume of building products (includes roofing sheets, fibre cement boards and solid wall panels) in Q2FY20 stood higher at 155000 MT compared to 154000 MT in Q2FY19. However the sales volume of steel building (division that offers customized building solutions like Pre-Engineered Steel Buildings and Smart Steel Buildings) was lower at 13400 MT compared to 15600 MT in Q2FY19.
  • Everest delivered remarkable PEB projects which included a 9,98,890 sq. ft. factory for Patanjali Ayurveda in Assam in just 4 months overcoming difficult climatic conditions and logistic challenges thrown by the remote location.
  • The Company also delivered a 4,41,321 sq. ft. retail warehouse for Reliance Industries in Haryana, which is one of the largest retail warehouses in the country.
  • Everest is evolving from a product company to a solutions company and so erection and contracting have become an important part of business.

 

Outlook:

Everest Industries is engaged in manufacturing and trading of building products like roofing products, boards and panels, other building products and accessories and manufacturing of components of pre-engineered steel buildings and related accessories. The demand for Fiber Cement Roofing sheets will be boosted by various factors on an industry-wide scale including improved discretionary income in the hands of rural population, reduction in tax rates, a healthy monsoon, increased farm productivity it would be very helpful in growth of Everest industries. On valuation front, the company is trading at P/E 9.38xwhich is looks reasonable. Hence, investors can buy the stock At CMP 275 for the target ofRs 357.

 

Note:-We Will update detailed report on our website Soon.


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