BSE:508906

Stock Analysis Report

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Executive Summary

Everest Industries Limited manufactures and trades in building products for residential, commercial, and industrial applications in India.


Snowflake Analysis

Flawless balance sheet average dividend payer.

Share Price & News

How has Everest Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 508906's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.0%

508906

0.8%

IN Building

1.8%

IN Market


1 Year Return

-60.3%

508906

-39.6%

IN Building

-23.7%

IN Market

Return vs Industry: 508906 underperformed the Indian Building industry which returned -39.6% over the past year.

Return vs Market: 508906 underperformed the Indian Market which returned -23.7% over the past year.


Shareholder returns

508906IndustryMarket
7 Day1.0%0.8%1.8%
30 Day11.1%-8.6%-0.5%
90 Day-16.8%-35.8%-22.2%
1 Year-59.5%-60.3%-37.1%-39.6%-22.2%-23.7%
3 Year-33.5%-35.9%-28.1%-32.5%-12.1%-16.8%
5 Year-38.7%-42.7%25.1%12.4%4.5%-5.7%

Price Volatility Vs. Market

How volatile is Everest Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Everest Industries undervalued compared to its fair value and its price relative to the market?

9.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 508906 (₹181.7) is trading above our estimate of fair value (₹55.99)

Significantly Below Fair Value: 508906 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 508906 is poor value based on its PE Ratio (9.2x) compared to the Building industry average (8.1x).

PE vs Market: 508906 is good value based on its PE Ratio (9.2x) compared to the Indian market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 508906's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 508906 is good value based on its PB Ratio (0.6x) compared to the IN Building industry average (0.6x).


Next Steps

Future Growth

How is Everest Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Everest Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Everest Industries performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 508906 has high quality earnings.

Growing Profit Margin: 508906's current net profit margins (2.3%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: 508906's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: 508906's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 508906 had negative earnings growth (-48%) over the past year, making it difficult to compare to the Building industry average (1.2%).


Return on Equity

High ROE: 508906's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Everest Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 508906's short term assets (₹4.6B) exceed its short term liabilities (₹3.4B).

Long Term Liabilities: 508906's short term assets (₹4.6B) exceed its long term liabilities (₹813.3M).


Debt to Equity History and Analysis

Debt Level: 508906's debt to equity ratio (13.7%) is considered satisfactory.

Reducing Debt: 508906's debt to equity ratio has reduced from 91.5% to 13.7% over the past 5 years.

Debt Coverage: 508906's debt is well covered by operating cash flow (38.5%).

Interest Coverage: 508906's interest payments on its debt are well covered by EBIT (28.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Everest Industries's current dividend yield, its reliability and sustainability?

4.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 508906's dividend (4.13%) is higher than the bottom 25% of dividend payers in the Indian market (0.86%).

High Dividend: 508906's dividend (4.13%) is in the top 25% of dividend payers in the Indian market (3.7%)


Stability and Growth of Payments

Stable Dividend: 508906's dividend payments have been volatile in the past 10 years.

Growing Dividend: 508906's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.8%), 508906's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Manish Sanghi (56yo)

9.58yrs

Tenure

₹23,178,508

Compensation

Mr. Manish Sanghi has been the Managing Director of Everest Industries Ltd. since October 1, 2010. Mr. Sanghi served as the Chief Operating Officer of Everest Industries Limited from April 3, 2009 to Septe ...


CEO Compensation Analysis

Compensation vs Market: Manish's total compensation ($USD305.60K) is above average for companies of similar size in the Indian market ($USD50.17K).

Compensation vs Earnings: Manish's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Manish Sanghi
MD & Executive Director9.58yrs₹23.18m0.51% 14.1m
Nikhil Dujari
Chief Financial Officer1.67yrs₹8.84mno data
Yenduri Naga Srinivasa Rao
Executive Director of Operations & Wholetime Director13.08yrs₹17.97m0.20% 5.6m
Neeraj Kohli
Company Secretary12.5yrs₹2.41mno data
Manish Garg
President & Chief Executive of SBSno datano datano data
Rahul Chopra
Senior VP & Business Head of Building Products (Boards and Panels)no datano datano data
Koushik Sarkar
President of Corporate Strategy2.5yrsno datano data
Hiten Parekh
Head of Solar Business3.5yrsno datano data
Subramanian Krishnakumar
Senior VP & Business Head of Steel Buildingsno datano datano data
Amit Gupta
Chief of Sales & Marketingno datano datano data

3.5yrs

Average Tenure

46.5yo

Average Age

Experienced Management: 508906's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Manish Sanghi
MD & Executive Director9.58yrs₹23.18m0.51% 14.1m
Yenduri Naga Srinivasa Rao
Executive Director of Operations & Wholetime Director13.08yrs₹17.97m0.20% 5.6m
Narotam Sekhsaria
Non-Executive Director1.25yrs₹80.00kno data
Anant Talaulicar
Additional Independent Director0.50yrno datano data
Rajendra Chitale
Additional Independent Director1.33yrs₹80.00kno data
Murari Gupta
Independent Vice Chairman9.58yrs₹1.44m0.19% 5.3m
Bhavna Doshi
Independent Director6.58yrs₹1.35mno data
Bhanwarlal Taparia
Independent Director7yrs₹1.62m0.045% 1.2m
Padmini Aditya Somani
Non-Executive Director1.25yrs₹80.00kno data
Alok Nanda
Additional Independent Director1.33yrs₹80.00k0.000060% 1.7k

4.0yrs

Average Tenure

59yo

Average Age

Experienced Board: 508906's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 508906 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Everest Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Everest Industries Limited
  • Ticker: 508906
  • Exchange: BSE
  • Founded: 1934
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: ₹2.761b
  • Shares outstanding: 15.64m
  • Website: https://www.everestind.com

Number of Employees


Location

  • Everest Industries Limited
  • Everest Technopolis
  • D-206, Sector-63
  • Noida
  • Uttar Pradesh
  • 201301
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
508906BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 1996
EVERESTINDNSEI (National Stock Exchange of India)YesEquity SharesININRApr 1996

Biography

Everest Industries Limited manufactures and trades in building products for residential, commercial, and industrial applications in India. The company operates through Building Products and Steel Buildings segments. It offers building products, such as fiber cement roofing sheets, Durasteel colored metal roofing sheets, polycarbonate roofing sheets, EPDM washers, fiber cement boards, cement wood planks, ceilings, stone claddings, and heavy duty boards and readymade walls, as well as Rapicon walls. Everest Industries Limited also provides pre-engineered buildings, smart steel buildings, and industrial roofing and cladding, as well as accessories. The company exports its products to approximately 35 countries. Everest Industries Limited was founded in 1934 and is based in Noida, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 12:39
End of Day Share Price2020/05/26 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.