Everest Kanto Cylinder Ltd

Business overview

• EKC is a global seamless gas cylinder maker with about 1.8 million annual capacity across six facilities.

Key operational highlights

• Capex ramp-up at Mundra; Hungary divestment completed; US orders visible; UAE activity improving; Egypt expansion underway.

Financial performance

• Q1 FY27 revenue Rs 346 cr; EBITDA Rs 47 cr; PAT Rs 30 cr; EPS Rs 2.68.

Capital structure & liquidity

• No material debt, equity actions or liquidity changes disclosed in this update.

Strategic priorities & outlook

• Strategic focus on high-value applications and clean-energy growth; geographic diversification with Hungary divestment completed.

Risks & mitigation

• Overseas profitability weaker; mitigated by Mundra ramp-up, portfolio optimisation, and UAE diversification.

Governance & leadership

• No governance changes disclosed; standard disclosures and leadership remain unchanged.

Financial highlights and operations

• Consolidated income from operations: ₹346 crore; EBITDA: ₹47 crore; PAT: ₹30 crore.
• EBITDA margin 14%; PBT margin 11%; PAT margin 9%.
• Standalone income from operations: ₹203 crore; EBITDA: ₹36 crore; PAT: ₹22 crore.
• Standalone EBITDA margin 18%; PAT margin 11%.
• Healthy India demand; near-term headwinds from supply constraints; international performance subdued.
• Manufacturing ramp-up; focus on higher value-added segments: industrial gases, semiconductors, defence, hydrogen.
• Six facilities; ~1.8M cylinders/year capacity; 30M+ cylinders in service; 47 years of operation.
• Note: Q1 FY26 included ERC gain of ₹12.6 crore.

Key financials

• Standalone Q1 2026: revenue from operations Rs 20,274 lakhs; total income Rs 20,703 lakhs.
• Standalone Q1 2026: PBT Rs 2,912 lakhs; PAT Rs 2,193 lakhs; EPS Rs 1.95.
• Consolidated Q1 2026: revenue from operations Rs 34,631 lakhs; total income Rs 35,646 lakhs.
• Consolidated Q1 2026: PBT Rs 3,854 lakhs; PAT Rs 3,016 lakhs; EPS Rs 2.68.
• AGM scheduled for Sept 29, 2026 via VC/OAVM.
• Sanjiv Kapur appointed as Non-Executive Non-Independent Director, effective Nov 1, 2026.
• Independent auditor's review on standalone and consolidated results: unmodified.
• Geographic revenue: India Rs 20,274; UAE Rs 5,204; USA & Hungary Rs 9,220; Others Rs 171.
• Inter-segment revenue Rs 238; total segment assets Rs 183,869; unallocated assets Rs 12,085.

Processing and listing

• Dematerialisation requests were confirmed to depositories, and securities were listed on corresponding stock exchanges.
• Certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.

CEO Appointment

• Narender Prasad Gupta appointed CEO and KMP, effective July 1, 2026.
• Term: Full-time employment; brief profile not provided in filing.

Everest Kanto Cylinder Ltd trading window closed from July 1, 2026 until 48 hours after declaration of Unaudited Financial Results for the quarter ending June 30, 2026

Financial results

• Approved audited standalone and consolidated financial statements for year ended March 31, 2026.
• Approved audited standalone and consolidated financial results for quarter ended March 31, 2026.

Dividend

• Recommended final dividend of 0.70 per share, 35% on face value of 2, for FY2025-26.
• Dividend is subject to shareholder approval at the 47th AGM.

Management change

• Approved appointment of Mr. N. P. Gupta as Chief Executive Officer effective July 1, 2026.

Auditor opinion

• Statutory auditors issued unmodified opinions on the audited standalone and consolidated results.

Standalone FY26

• 📊 Revenue from operations rose 2.2% YoY to ₹96,669 lakh.
• 📊 Total income increased 2.3% YoY to ₹98,181 lakh.
• 📊 PBT rose 61.2% YoY to ₹11,953 lakh.
• 📊 PAT increased 52.3% YoY to ₹8,119 lakh.
• 📊 EPS improved to ₹7.24 from ₹4.75.
• 📊 Material cost fell to ₹52,940 lakh from ₹59,965 lakh.
• 📊 Employee costs rose to ₹4,702 lakh from ₹4,067 lakh.
• 📊 Exceptional loss widened to ₹1,288 lakh from ₹648 lakh.

Consolidated FY26

• 📊 Revenue from operations declined 1.9% YoY to ₹1,47,057 lakh.
• 📊 Total income fell 1.1% YoY to ₹1,49,205 lakh.
• 📊 PBT rose 28.8% YoY to ₹15,963 lakh.
• 📊 PAT increased 50.0% YoY to ₹14,667 lakh.
• 📊 EPS improved to ₹13.09 from ₹8.73.
• 📊 Material cost fell to ₹74,355 lakh from ₹79,157 lakh.
• 📊 Employee costs rose to ₹17,617 lakh from ₹14,870 lakh.
• 📊 Exceptional items included ₹1,263 lakh tax refund and ₹1,129 lakh penalty.

Balance sheet and cash

• 📊 Standalone total assets rose to ₹1,04,607 lakh from ₹97,393 lakh.
• 📊 Consolidated total assets rose to ₹1,89,393 lakh from ₹1,61,429 lakh.
• 📊 Standalone cash and equivalents ended at ₹1,609 lakh higher year on year.
• 📊 Consolidated cash and equivalents ended at ₹3,557 lakh versus ₹6,246 lakh.
• 📊 Standalone operating cash flow turned positive at ₹10,150 lakh.
• 📊 Consolidated operating cash flow improved to ₹14,189 lakh from ₹5,801 lakh.

Dividend and audit

• 📍 Board recommended final dividend of ₹0.70 per share, subject to shareholder approval.
• 📍 Statutory auditors issued unmodified opinions on standalone and consolidated results.
• 🗓️ Board approved results and dividend recommendation on 29 May 2026.

Segments

• 📊 India segment revenue was ₹96,669 lakh in FY26.
• 📊 UAE segment revenue was ₹15,195 lakh in FY26.
• 📊 USA and Hungary segment revenue was ₹35,623 lakh in FY26.
• 📊 Consolidated segment profit before tax was led by India at ₹11,930 lakh.

Business

• Manufactures high-pressure seamless gas cylinders and related equipment, appliances, tanks, and accessories.
• Operates across India, UAE, USA, Hungary, and other geographies.
• Calcutta Compressions & Liquefaction Engineering distributes natural gas and is immaterial to the group.