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Performance
Today’s low
131.40Today’s High
134.8052W low
107.0052W High
179.00Open Price
132.70Prev. Close
121.2500Volume
622337.00Value
82310291.62Fundamentals
Market Cap Cr
1484.10
Price to Earnings
15.00
Price to Book Value
1.30
Dividend Yield
0.50
PE to Growth
0.50
Op Revenue TTM Cr
1222.96
Net Profit TTM Cr
99.15
Cash From Operating Activity Cr
226.40
Return on Equity %
9.01
EMA & SMA
DELIVERY AND VOLUME
DAILY AVG. DELIVERY VOLUME %
03 Jul, 2024
43.7
Week
45
Month
45.2
LEGEND
Positive Indicator
Neutral Indicator
Negative Indicator
RESISTANCE AND SUPPORT
132.81
PIVOT
First Resistance
134.27
Second Resistance
136.28
Third Resistance
137.74
First Support
130.80
Second Support
129.34
Third Support
127.33
Relative Strength Index
52.14
Money Flow Index
43.79
MACD
-1.22
MACD Signal
-1.75
Average True Range
5.02
Average Directional Index
17.9
Rate of Change (21)
6.02
Rate of Change (125)
4.18
Commodity Channel Index
39.9
Williams %R
-58.9
BETA
1 Month
1.02
3 Month
1.09
1 Year
1.15
3 Year
0.66
PRICE CHANGE ANALYSIS
↑ 3.44%
1 Week
Low
High
125.26
134.82
↑ 5.6%
1 Month
Low
High
112
142.3
↓ -13.78%
3 Months
Low
High
112
158.65
↑ 2.77%
6 Months
Low
High
112
179
↑ 7.18%
1 Year
Low
High
107
179
| Indicator | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Graph |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Qtr Revenue cr | 217.27 | 209.34 | 183.07 | 168.56 | 181.34 | 144.31 | 196.75 | 271.12 | 376.68 | 349.21 | 304.78 | |
| Operating Expenses Qtr | 197.41 | 175.22 | 158.71 | 146.23 | 158.74 | 129.70 | 168.11 | 218.65 | 276.77 | 265.78 | 205.62 | |
| Operating Profit Qtr | 19.59 | 31.35 | 23.55 | 19.46 | 21.58 | 13.53 | 27.56 | 51.78 | 95.07 | 82.33 | 97.01 | |
| EBIDT Qtr Cr | 18.47 | 34.12 | 24.36 | 22.33 | 21.36 | 18.86 | 28.64 | 52.47 | 94.47 | 83.43 | 99.16 | |
| Depreciation Qtr | 6.58 | 5.81 | 5.73 | 5.44 | 6.78 | 5.38 | 5.19 | 4.94 | 4.91 | 4.93 | 4.86 | |
| Net Profit Qtr | 8.36 | 21.76 | 14.13 | 9.61 | 11.20 | 10.49 | 15.32 | 35.04 | 66.75 | 49.26 | 60.36 | |
| Basic EPS Qtr | 0.75 | 1.94 | 1.26 | 0.86 | 1.00 | 0.93 | 1.37 | 3.12 | 5.95 | 4.39 | 5.38 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total Revenue Annual | 778.24 | 793.53 | 1278.47 | 752.78 | 494.82 | |
| Operating Expenses Annual Cr | 680.69 | 682.06 | 916.88 | 569.14 | 412.87 | |
| Operating Profit Annual | 90.83 | 107.59 | 350.94 | 181.49 | 76.67 | |
| Operating Profit Margin Annual % | 11.67 | 13.56 | 27.45 | 24.11 | 15.49 | |
| Total Expenses Annual Cr | 707.68 | 712.55 | 944.71 | 608.45 | 462.04 | |
| EBIDT Annual Cr | 97.55 | 111.47 | 361.59 | 183.64 | 81.95 | |
| EBIDT Annual margin % | 12.53 | 14.05 | 28.28 | 24.39 | 16.56 | |
| Depreciation | 23.56 | 22.29 | 19.42 | 19.03 | 22.88 | |
| PAT Before ExtraOrdinary Items Annual Cr | 53.86 | 72.04 | 228.17 | 102.76 | 15.91 | |
| Net Profit Annual | 53.86 | 72.04 | 228.17 | 102.76 | 15.91 | |
| Basic EPS Annual | 4.80 | 6.42 | 20.34 | 9.16 | 1.42 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total ShareHolders Funds Annual | 704.78 | 658.80 | 594.33 | 369.59 | 266.82 | |
| Minority Interest Liability Annual Cr | - | - | - | - | - | |
| Total Non Current Liabilities Annual Cr | 26.13 | 22.85 | 17.03 | 60.65 | 56.11 | |
| Total Current Liabilities Annual Cr | 83.94 | 133.05 | 237.00 | 255.82 | 316.16 | |
| Total Capital Plus Liabilities Annual Cr | 814.85 | 814.70 | 848.36 | 686.06 | 639.09 | |
| Fixed Assets Annual | 311.91 | 281.84 | 225.48 | 214.10 | 209.69 | |
| Total Non Current Assets Annual | 365.00 | 328.99 | 319.08 | 304.87 | 310.71 | |
| Total Current Assets Annual | 449.85 | 485.72 | 529.28 | 381.18 | 328.37 | |
| Total Assets Annual | 814.85 | 814.70 | 848.36 | 686.06 | 639.09 | |
| Contingent Liabilities plus Commitments Annual Cr | - | 26.29 | 490.27 | 80.70 | 114.55 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Cash from Operating Activity Annual | 155.76 | 91.90 | 76.08 | 70.16 | 96.26 | |
| Cash from Investing Activity Annual | -106.45 | -43.20 | -63.99 | 41.87 | -23.23 | |
| Cash from Financing Annual Activity | -61.56 | -54.99 | -43.28 | -64.29 | -69.06 | |
| Net Cash Flow Annual | - | -6.28 | -31.19 | 47.73 | 3.97 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Book Value Per Share Annual | 62.81 | 58.71 | 52.97 | 32.94 | 23.78 | |
| ROE Annual % | 7.64 | 10.93 | 38.39 | 27.80 | 5.96 | |
| ROCE Annual % | 10.12 | 13.08 | 55.96 | 38.26 | 18.28 | |
| Total Debt to Total Equity Annual | 0.00 | 0.08 | 0.15 | 0.30 | 0.44 | |
| EBDIT Annual Margin % | 12.64 | 14.11 | 28.52 | 24.46 | 16.73 |
| Indicator | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Graph |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Qtr Revenue cr | 326.46 | 332.55 | 299.40 | 271.26 | 300.13 | 257.72 | 340.84 | 381.26 | 486.19 | 465.06 | 423.57 | |
| Operating Expenses Qtr | 295.05 | 277.94 | 258.00 | 231.49 | 247.83 | 241.88 | 303.75 | 320.03 | 384.21 | 366.58 | 309.69 | |
| Operating Profit Qtr | 30.79 | 51.52 | 41.28 | 36.89 | 50.06 | 14.50 | 35.94 | 60.50 | 94.45 | 97.31 | 111.57 | |
| EBIDT Qtr Cr | 29.24 | 54.61 | 41.40 | 39.77 | 51.17 | -4.10 | 37.09 | 61.23 | 96.72 | 98.48 | 114.36 | |
| Depreciation Qtr | 10.51 | 9.69 | 9.57 | 9.45 | 11.23 | 9.70 | 9.53 | 9.09 | 8.80 | 8.60 | 8.92 | |
| Net Profit Qtr | 14.49 | 36.66 | 26.25 | 21.75 | 36.39 | -17.45 | 18.50 | 38.70 | 64.85 | 60.17 | 70.95 | |
| Basic EPS Qtr | 1.29 | 3.26 | 2.35 | 1.94 | 3.24 | -1.57 | 1.65 | 3.45 | 5.78 | 5.36 | 6.33 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total Revenue Annual | 1229.67 | 1279.94 | 1712.44 | 952.51 | 767.20 | |
| Operating Expenses Annual Cr | 1062.48 | 1120.19 | 1303.60 | 785.44 | 672.19 | |
| Operating Profit Annual | 160.48 | 154.31 | 395.23 | 163.69 | 88.32 | |
| Operating Profit Margin Annual % | 13.05 | 12.06 | 23.08 | 17.18 | 11.51 | |
| Total Expenses Annual Cr | 1109.33 | 1170.86 | 1349.27 | 846.96 | 751.39 | |
| EBIDT Annual Cr | 167.19 | 159.75 | 408.84 | 167.07 | 95.01 | |
| EBIDT Annual margin % | 13.60 | 12.48 | 23.87 | 17.54 | 12.38 | |
| Depreciation | 39.22 | 39.55 | 35.03 | 35.36 | 43.34 | |
| PAT Before ExtraOrdinary Items Annual Cr | 97.60 | 75.89 | 264.53 | 91.57 | 6.73 | |
| Net Profit Annual | 99.23 | 76.14 | 265.19 | 90.04 | 2.98 | |
| Basic EPS Annual | 8.84 | 6.79 | 23.64 | 8.02 | 0.26 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Total ShareHolders Funds Annual | 1100.57 | 999.07 | 902.70 | 628.26 | 538.46 | |
| Minority Interest Liability Annual Cr | -0.34 | 0.42 | 0.30 | 0.00 | -0.75 | |
| Total Non Current Liabilities Annual Cr | 49.16 | 51.90 | 46.06 | 90.59 | 93.18 | |
| Total Current Liabilities Annual Cr | 263.83 | 321.38 | 341.54 | 327.39 | 407.78 | |
| Total Capital Plus Liabilities Annual Cr | 1413.22 | 1372.77 | 1290.60 | 1046.24 | 1038.67 | |
| Fixed Assets Annual | 493.04 | 456.60 | 371.81 | 358.85 | 364.94 | |
| Total Non Current Assets Annual | 526.97 | 486.01 | 865.67 | 433.49 | 445.03 | |
| Total Current Assets Annual | 886.25 | 886.76 | 424.93 | 612.75 | 593.64 | |
| Total Assets Annual | 1413.22 | 1372.77 | 1290.60 | 1046.24 | 1038.67 | |
| Contingent Liabilities plus Commitments Annual Cr | - | 24.01 | 37.16 | 29.98 | 22.20 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Cash from Operating Activity Annual | 226.40 | 106.07 | 165.24 | 85.32 | 106.85 | |
| Cash from Investing Activity Annual | -121.13 | -78.66 | -60.36 | 74.45 | -18.21 | |
| Cash from Financing Annual Activity | -73.64 | -42.61 | -112.99 | -117.98 | -81.74 | |
| Net Cash Flow Annual | 31.63 | -15.20 | -8.12 | 41.79 | 6.90 |
| Indicator | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Graph |
|---|---|---|---|---|---|---|
| Book Value Per Share Annual | 98.06 | 89.08 | 80.48 | 55.99 | 47.92 | |
| ROE Annual % | 9.01 | 7.62 | 29.37 | 14.33 | 0.55 | |
| ROCE Annual % | 11.13 | 11.43 | 39.38 | 18.32 | 8.18 | |
| Total Debt to Total Equity Annual | 0.04 | 0.10 | 0.13 | 0.27 | 0.44 | |
| EBDIT Annual Margin % | 13.67 | 12.53 | 24.06 | 17.60 | 12.49 |
| Name | Holding Percent | Holding Id | Pledged % | Locked % |
|---|
| Name | Holding Percent | Holding Id | Pledged % | Locked % |
|---|---|---|---|---|
| Suman Premkumar Khurana | 24.78 | 74796707 | 0 | 0 |
| Puneet Premkumar Khurana | 9.15 | 74796708 | 0 | 0 |
| Pushkar Premkumar Khurana | 9.13 | 74796709 | 0 | 0 |
| Varun Khurana | 3.85 | 74796710 | 0 | 0 |
| Khurana Gases Private Limited | 15.88 | 74796715 | 0 | 0 |
| Medical Engineers India Limited | 4.28 | 74796716 | 0 | 0 |
| Name | Holding Percent | Holding Id |
|---|
| Name | Holding Percent | Holding Id |
|---|---|---|
| HUF | 1.57 | 74796723 |
| Ex-Date | Dividend Amount | Dividend Type | Record Date | Instrument Type |
|---|---|---|---|---|
| Sep 15, 2023 | 0.7 | FINAL | - | Equity Share |
| Sep 15, 2022 | 0.7 | FINAL | - | Equity Share |
| Sep 15, 2021 | 0.3 | FINAL | - | Equity Share |
| Jul 10, 2013 | 0.2 | FINAL | - | Equity Share |
| Aug 02, 2012 | 0.25 | FINAL | - | Equity Share |
| Jul 21, 2011 | 1.5 | FINAL | - | Equity Share |
| Jul 15, 2010 | 1.2 | FINAL | - | Equity Share |
| Jul 16, 2009 | 1.2 | FINAL | - | Equity Share |
| Jul 24, 2008 | 1.2 | FINAL | - | Equity Share |
| Jun 28, 2007 | 5 | FINAL | - | Equity Share |
| Jul 20, 2006 | 3.5 | FINAL | - | Equity Share |
| Ex-Date | Split Ratio | Record Date |
|---|---|---|
| Aug 21, 2007 | 10:2 | 2007-08-28 |
| Ex-Date | Purpose | Notes |
|---|---|---|
| May 24, 2024 | Audited Results & Final Dividend | - |
| Feb 09, 2024 | Quarterly Results | - |
| Nov 08, 2023 | Quarterly Results | - |
| Aug 10, 2023 | Quarterly Results & A.G.M. | - |
| May 29, 2023 | Audited Results & Final Dividend | (Revised) |
| Feb 08, 2023 | Quarterly Results | - |
| Nov 09, 2022 | Quarterly Results | - |
| Aug 09, 2022 | Quarterly Results | - |
| May 27, 2022 | Audited Results & Final Dividend | - |
| Feb 11, 2022 | Quarterly Results | - |
| Nov 11, 2021 | Quarterly Results | - |
| Aug 12, 2021 | Quarterly Results | - |
| Jun 24, 2021 | Audited Results & Final Dividend | - |
| Feb 13, 2021 | Quarterly Results | - |
| Nov 12, 2020 | Quarterly Results | - |
| Aug 25, 2020 | Quarterly Results | - |
| Jul 10, 2020 | Audited Results | - |
| Feb 12, 2020 | Quarterly Results | - |
| Nov 14, 2019 | Quarterly Results | - |
| Aug 22, 2019 | Quarterly Results | (Revised) |
| Aug 13, 2019 | Quarterly Results | - |
| May 30, 2019 | Audited Results | - |
| Feb 11, 2019 | Quarterly Results | - |
| Nov 14, 2018 | Quarterly Results | - |
| Aug 13, 2018 | Quarterly Results | - |
| May 30, 2018 | Audited Results | - |
| Feb 13, 2018 | Quarterly Results | - |
| Dec 13, 2017 | Quarterly Results | - |
| Sep 08, 2017 | Quarterly Results | - |
| May 30, 2017 | Audited Results | (Revised) |
| Feb 09, 2017 | Quarterly Results | - |
| Nov 14, 2016 | Quarterly Results | Ms. Bhagayshree Kanekar has resigned from the position of Company Secretary and Compliance Officer w.e.f close of business hours on November 14, 2016. |
| Aug 11, 2016 | Quarterly Results | - |
| Jul 29, 2016 | Others | Sale/disposal of Land and Building of the Company situated at Gandhidham, Gujarat and shift the manufacturing activities from such plant to the Kandla Plant of the Company in Gujarat. |
| May 30, 2016 | Audited Results | Policy on Sexual Harassment, Policy on Preservation and Archival of Documents & Policy on Materiality of events. (Revised from 26/05/2016) |
| Feb 11, 2016 | Quarterly Results & Others | 1. Preferential Issue of Equity Shares to Promoter Group; 2. Convening of Extra-ordinary General Meeting on March 22, 2016 |
| Nov 06, 2015 | Quarterly Results & Others | Appointment of Mr. Kishore Thakkar as the Chief Financial Officer of the Company. |
| Aug 11, 2015 | Quarterly Results | 1. Resignation of Mrs. Suman Khurana as an Additional Director of the Company. 2. Appointment of Mr. M. N. Sudhindra Rao as an Additional (Independent) Director of the Company. |
| May 26, 2015 | Audited Results | Appointment of Ms. Uma Acharya as an Additional Director (Independent) of the Company. |
| Feb 10, 2015 | Quarterly Results | - |
| Nov 11, 2014 | Quarterly Results | - |
| Aug 12, 2014 | Quarterly Results | - |
| May 27, 2014 | Audited Results | - |
| Feb 11, 2014 | Quarterly Results | - |
| Nov 12, 2013 | Quarterly Results | - |
| Aug 13, 2013 | Quarterly Results | - |
| May 27, 2013 | Audited Results & Dividend | - |
| Feb 14, 2013 | Quarterly Results | - |
| Nov 09, 2012 | Quarterly Results | - |
| Aug 11, 2012 | Quarterly Results | - |
| May 29, 2012 | Audited Results & Dividend | - |
| Feb 03, 2012 | Quarterly Results | - |
| Nov 09, 2011 | Quarterly Results | - |
| Jul 30, 2011 | Quarterly Results | - |
| May 27, 2011 | Audited Results & Dividend | - |
| Jan 31, 2011 | Quarterly Results | - |
| Oct 27, 2010 | Quarterly Results | - |
| Jul 27, 2010 | Quarterly Results | - |
| May 26, 2010 | Audited Results & Dividend | - |
| May 19, 2010 | Preferential Issue of Shares | For preferential issue of 40,00,000 Equity Shares to RCAML A/c Reliance Growth Fund & 20,00,000 Equity Shares to RCAML A/c Reliance Regular Savings Fund-Equity Option at a price of Rs. 135/- per Share |
| Jan 30, 2010 | Quarterly Results | - |
| Oct 27, 2009 | Quarterly Results | - |
| Jul 28, 2009 | Quarterly Results | - |
| Jun 11, 2009 | Issue of Equity Shares & Others | To issue Equity Shares or FCDs / PCDs / OCDs or any other securities convertible into or exchangeable with the Equity Shares of the Co. through QIP / Pref. allotment for an amt of upto INR 150 crores. |
| May 15, 2009 | Audited Results & Dividend | - |
| Jan 23, 2009 | Quarterly Results & Others | For buy back of FCCBs issued by the Company and outstanding as on date & to approve initial Investment of INR 6.2 crores for acquiring a majority stake in a Kolkatta based Co. |
| Nov 17, 2008 | Buy Back of Shares & Others | To deliberate the proposal for Buy Back of the equity shares of the Company, asked the management to revert with a more elaborate analysis & to defer the proposal for Buy Back. |
| Oct 23, 2008 | Quarterly Results & Others | To note the Re-set in the Conversion Price of the Foreign Currency Convertible Bonds issued by the Company from Rs 303.36 to Rs 271.32. |
| Jul 30, 2008 | Quarterly Results | - |
| May 26, 2008 | Audited Results & Dividend | - |
| Jan 21, 2008 | Quarterly Results | - |
| Nov 21, 2007 | Allotment of 32,00,000 equity shares | Allotment of 32,00,000 equity shares of face value of Rs 2/- each at a price of Rs 250/- per share to TVG India Investment Holdings Ltd, a subsidiary of a fund advised by TVG Capital Partners Ltd. |
| Oct 30, 2007 | Quarterly Results | - |
| Oct 06, 2007 | To consider issue of Equity Shares | - |
| Sep 18, 2007 | Further Issue of Equity Shares | To consider amongst other things: (1) Further Issue of Equity Shares of the Company for a value not exceeding Rs.100 crore at the discretion of the Board, on a Preferential Basis, to various Entities. |
| Jul 26, 2007 | Quarterly Results & Others | Record date to sub-divide the face value of the equity shares of the Company & Amendment of objects clause of the Memorandum of Association of the Company. |
| May 21, 2007 | Audited Results, Dividend & Others | Stock Split & To consider raising of funds for new projects / business expansion plans. |
| Jan 23, 2007 | Quarterly Results | - |
| Nov 03, 2006 | Restructuring of the Board | - |
| Oct 20, 2006 | Quarterly Results & Others | Inter alia, to consider, enhancement of investment in wholly owned subsidiary in Dubai, U.A.E. |
| Sep 21, 2006 | Issue of Equity Shares of the Co. | Issue of Equity Shares of the Company the discretion of the Board, on a Preferential Basis. |
| Jul 26, 2006 | Quarterly Results & Others | To discuss the modalities for conversion of the existing unit at dubai into a wholly Owned Subsidiary. |
| May 17, 2006 | Accounts & Dividend | Setting up of a manufacturing unit in China by way of forming a wholly owned subsidiary Company and financial structure thereof. |
| Jan 14, 2006 | Quarterly Results & Interim Dividend | & to consider Global Expansion Strategy |
| Ex-Date | Bonus Ratio | Record Date |
|---|
28 Jun 2024
EVEREST KANTO CYLINDER LTD. - 532684 - Closure of Trading Window
In compliance with SEBI (Prohibition of Insider Trading) Regulations and the Company''s Insider Trading Code the trading window will remain closed for all designated persons and their relatives from July 1, 2024 until 48 hours after declaration of Unaudited Financial Results for the quarter ending June 30, 2024.
04 Jun 2024
EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
We submit herewith the Transcript of the Investor concall.
28 May 2024
EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
We submit herewith the weblink for Audio recording of the Investor conference call held on May 28, 2024 at 4:00 pm.
28 May 2024
Everest Kanto Cylinder Results Earnings Call for Q4FY24
Conference Call with Everest Kanto Cylinder Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
28 May 2024
EVEREST KANTO CYLINDER LTD. - 532684 - Compliances-Reg.24(A)-Annual Secretarial Compliance
We enclose herewith the copy of the Annual Secretarial Compliance Report for the financial year ended March 31, 2024.
27 May 2024
EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Investor Presentation
We enclose herewith Investor Presentation for Q4 & FY24.
27 May 2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Everest Kanto Cylinder Ltd.
Industrial Products company Everest Kanto Cylinder announced Q4FY24 & FY24 results: EKC's revenue for FY24 stood at Rs 1,223.0 crore. The company recorded an EBITDA of Rs 160.5 crore for FY24, with margins at 13.1%. The company recorded an consolidated EBITDA of Rs 30.8 crore for Q4FY24, with margins at 9.4%. Profit After Tax (PAT) reached Rs 97.6 crore in FY24. The Board of Directors recommended a dividend of Rs 0.70 per share for FY24. Commenting on the performance for the quarter, in a joint statement, Pushkar Khurana, Chairman, and Puneet Khurana, Managing Director, said “We have reported a stable operational and financial performance in FY24. Our overall consolidated results remain steady, with healthy sales volumes registered during the period under review. A sustained increase in demand across both domestic and international markets over the past few quarters has enabled us to achieve consistent performance this year. However, lower realizations witnessed in Q4 impacted our performance, leading to lower EBITDA margins. We remain highly enthusiastic about the growth of seamless gas cylinders in India. The government's commitment to eco-friendly natural gas utilization, coupled with fiscal incentives and infrastructure development, creates a favorable environment for CNG vehicles. Significant investments are planned for the CNG sector over the next 5-6 years, with the number of CNG stations set to grow from ~6,350 to 17,500 by 2030, further driving the adoption of CNG vehicles. Additionally, the National Green Hydrogen Mission aims to establish India as a global hub for green hydrogen, aligning with the global trend of reducing carbon emissions. The government’s ambitious plans to expand green hydrogen usage across sectors like transportation, industry, and energy storage, combined with the rising demand for hydrogen-related infrastructure, positions EKC to leverage its expertise and enhance its market presence in the growing hydrogen market. We are witnessing healthy adoption of CV vehicles in both passenger and commercial segments. In the PV sector, we are actively working towards adding marquee customers during the upcoming fiscal year, while the CV segment is experiencing an uptick, a trend we expect to continue. Moving forward, we are committed to strengthening our market leadership, maximizing value for stakeholders, and driving significant contributions to the global shift towards cleaner energy solutions. EKC has positioned itself with substantial capacities and a robust balance sheet to seize growth opportunities and further solidify its leadership in the industry." Result PDF
25 May 2024
EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release for the financial results of the quarter and year ended March 31, 2024.
24 May 2024
EVEREST KANTO CYLINDER LTD. - 532684 - Record Date For The Purpose Of Final Dividend.
The Board of Directors at its meeting held today fixed Record Date for the purpose of Final Dividend as August 23, 2024.
24 May 2024
EVEREST KANTO CYLINDER LTD. - 532684 - Announcement under Regulation 30 (LODR)-Change in Directorate
The Director based on the recommendation of Nomination and Remuneration Committee and subject to approval of the Members at the 45th Annual General Meeting of the Company: i) appointed Mr. Ramakrishnan Ramanathan as Additional Director in the capacity of Non-Executive Independent Director for a term of 5 consequent years w.e.f. June 3, 2024; ii) approved re-appointment of Mr. Puneet Khurana as Managing Director of the Company for a further term of 5 years w.e.f. November 14, 2024: iii) approved re-appointment of Dr. Vaijayanti Pandit as Independent Director for further period of 3 years w.e.f. March 30, 2025 up to she attains the age of 75 years on January 12, 2028. The 2nd consequent term of 5 consequent years of Mr. M. N. Sudhindra Rao as Independent Director is up to June 2, 2024, consequent upon which he will cease to be a Director of the Board of the Company.
