X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
EVEREST KANTO CYLINDER 2017-18 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

EVEREST KANTO CYLINDER 2017-18 Annual Report Analysis
Tue, 18 Dec

EVEREST KANTO CYLINDER has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

EVEREST KANTO CYLINDER Income Statement Analysis

  • Operating income during the year fell 4.4% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 10.0% YoY during the fiscal. Operating profit margins witnessed a fall and down at 15.3% in FY18 as against 13.3% in FY17.
  • Depreciation charges decreased by 7.7% and finance costs decreased by 21.7% YoY, respectively.
  • Other income grew by 147.8% YoY.
  • Net profit for the year declined by 72.2% YoY.
  • Net profit margins during the year declined from 17.2% in FY17 to 4.9% in FY18.

EVEREST KANTO CYLINDER Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 5,639 5,390 -4.4%
Other income Rs m 63 156 147.8%
Total Revenues Rs m 5,702 5,546 -2.7%
Gross profit Rs m 750 825 10.0%
Depreciation Rs m 345 318 -7.7%
Interest Rs m 444 347 -21.7%
Profit before tax Rs m 25 315 1,182.1%
Tax Rs m 2 46 2,617.6%
Profit after tax Rs m 978 272 -72.2%
Gross profit margin % 13.3 15.3
Effective tax rate % 6.9 14.6
Net profit margin % 17.2 4.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



EVEREST KANTO CYLINDER Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 3 billion as compared to Rs 5 billion in FY17, thereby witnessing an decrease of -41.4%.
  • Long-term debt down at Rs 2 billion as compared to Rs 2 billion during FY17, a fall of 6.2%.
  • Current assets fell 31% and stood at Rs 4 billion, while fixed assets fell 20% and stood at Rs 3 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 9 billion as against Rs 11 billion during FY17, thereby witnessing a fall of 16%.

EVEREST KANTO CYLINDER Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 4,220 4,437 5.2
 
Current Liabilities Rs m 4,861 2,851 -41.4
Long-term Debt Rs m 1,967 1,846 -6.2
Total Liabilities Rs m 11,251 9,416 -16.3
 
Current assets Rs m 6,355 4,360 -31.4
Fixed Assets Rs m 4,374 3,490 -20.2
Total Assets Rs m 11,251 9,416 -16.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



EVEREST KANTO CYLINDER Cash Flow Statement Analysis

  • EVEREST KANTO CYLINDER's cash flow from operating activities (CFO) during FY18 stood at Rs 644 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs 1 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 13 million from the Rs -4 million net cash flows seen during FY17.

EVEREST KANTO CYLINDER Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m 738 644 -12.8%
Cash Flow from Investing Activities Rs m -8 1,406 -
Cash Flow from Financing Activities Rs m -735 -2,026 -
Net Cash Flow Rs m -4 13 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for EVEREST KANTO CYLINDER

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2.4, an decline from the EPS of Rs 8.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 32.3, stands at 7.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.4 times, while the price to sales ratio stands at 1.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 5.9 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 50.3 48.0
TTM Earnings per share Rs 8.7 2.4
Diluted earnings per share Rs 9.1 2.5
Price to Cash Flow x 2.7 5.9
TTM P/E ratio x 7.3 7.0
Price / Book Value ratio x 0.7 1.4
Market Cap Rs m 3,624 3,461
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for EVEREST KANTO CYLINDER

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.5x during FY18, from 1.3x during FY17. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 1.9x during FY18, from 1.1x during FY17. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 6.1% during FY18, from 23.2% during FY18. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 10.6% during FY18, from 23.0% during FY17. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 6.6% during FY18, from 12.6% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 1.3 1.5
Debtors’ Days Days 75 61
Interest coverage x 1.1 1.9
Debt to equity ratio x 0.5 0.4
Return on assets % 12.6 6.6
Return on equity % 23.2 6.1
Return on capital employed % 23.0 10.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how EVEREST KANTO CYLINDER has performed over the last 5 years, please visit here.

EVEREST KANTO CYLINDER Share Price Performance

Over the last one year, EVEREST KANTO CYLINDER share price has moved up from Rs 66.9 to Rs 32.3, registering a loss of Rs 34.6 or around 51.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,575.4 (up 0.5%). Over the last one year it has moved up from 18,447.1 to 18,575.4, a gain of 128 points (up 0.7%).

Overall, the S&P BSE SENSEX is up 7.4% over the year.

(To know more, check out historical annual results for EVEREST KANTO CYLINDER and quarterly results for EVEREST KANTO CYLINDER)

Equitymaster requests your view! Post a comment on "EVEREST KANTO CYLINDER 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

EVEREST KANTO CYLINDER Announces Quarterly Results (4QFY19); Net Profit Up 132.8% (Quarterly Result Update)

Jun 14, 2019 | Updated on Jun 14, 2019

For the quarter ended March 2019, EVEREST KANTO CYLINDER has posted a net profit of Rs 427 m (up 132.8% YoY). Sales on the other hand came in at Rs 2 bn (up 20.8% YoY). Read on for a complete analysis of EVEREST KANTO CYLINDER's quarterly results.

EVEREST KANTO CYLINDER Announces Quarterly Results (3QFY19); Net Profit Down 6.5% (Quarterly Result Update)

Feb 19, 2019 | Updated on Feb 19, 2019

For the quarter ended December 2018, EVEREST KANTO CYLINDER has posted a net profit of Rs 111 m (down 6.5% YoY). Sales on the other hand came in at Rs 2 bn (up 41.5% YoY). Read on for a complete analysis of EVEREST KANTO CYLINDER's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

Amber Enterprises India Ltd. (IPO)

Jan 16, 2018

Should you subscribe to the IPO of Amber Enterprises India Ltd?

More Views on News

Most Popular

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

Just One Stock Made Buffett Billions - And Can Make You Crores(Profit Hunter)

Jun 6, 2019

Coca Cola is arguably one of Warren Buffet's best stock picks. But did you know that small investors picked up the stock five decades before Buffet? Read on...

Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside(The 5 Minute Wrapup)

Jun 12, 2019

This real estate stock recommended in Smart Money Secrets offers the most favourable upside potential.

Why Modi 2.0 Will Be Great for These 7 Stocks(Profit Hunter)

Jun 10, 2019

The government's focus on Infra, electricity, water for all will be the key factors for Sensex 1,00,000.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK EVEREST KANTO CYLINDER

  • Track your investment in EVEREST KANTO CYLINDER with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON EVEREST KANTO CYLINDER

EVEREST KANTO CYLINDER 8-QTR ANALYSIS

COMPARE EVEREST KANTO CYLINDER WITH

MARKET STATS