Everest Industries Limited (EVERESTIND) AI Stock Analysis

• Market Cap: ₹5.50B
• Dividend Yield: 0.5%
• Average Volume (3M): 2.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: -3.11%
• EPS Growth: -331.77%
• Country: IN
• Employees: 1,431
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): -23.95
• Shares Outstanding: 15,855,754
• 10 Day Avg. Volume: 976
• 30 Day Avg. Volume: 2,281
• PEG Ratio: 1.67
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 0.42
• P/FCF Ratio: -4.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹375.00 ▼(-27.01% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is held back primarily by weak profitability and negative cash generation, alongside a clearly bearish technical setup (price below major DMAs, negative MACD). Support comes from a relatively solid balance sheet with moderate leverage and strong gross margins, but valuation is not compelling given losses and a modest dividend yield.

Positive Factors

High gross margin

A ~40% gross margin indicates durable manufacturing efficiency and pricing power in fibre‑cement products. Over months this supports recovery in operating profits if volumes rebound, helps absorb input inflation, and provides headroom to invest in distribution or product development.

Moderate leverage / solid equity base

Moderate leverage and a balanced equity ratio provide financial flexibility to fund capex, working capital or prefabrication projects without immediate refinancing stress. This structural balance sheet strength supports resilience across construction cycles over the next several months.

Diversified building-materials and prefabrication portfolio

A multi-product model (roofing, boards, panels, prefabricated buildings) spreads revenue across channels and end markets. Structural diversification reduces single-market cyclicality and supports steady demand capture from distributors, projects and institutional customers over a 2-6 month horizon.

Negative Factors

Negative free cash flow

Persistent negative free cash flow undermines the company's ability to fund operations, capex and debt service from internal sources. Over months this constrains reinvestment in capacity, forces external financing, and increases vulnerability to demand shocks or rising input costs.

Deteriorated profitability (negative net margin and ROE)

A negative net margin and falling ROE indicate the business is not converting gross profit into sustainable bottom‑line returns. Structurally this hurts retained earnings, investor confidence and the ability to self‑fund growth or dividends across the coming quarters.

Weak and inconsistent revenue trend

Declining and inconsistent revenue reduces operating leverage and erodes the benefits of the company's fixed‑cost base. Over a 2‑6 month horizon, weak top‑line trends make margin recovery and cash conversion more difficult, limiting sustainable profit improvement.

Everest Industries Limited Business Overview & Revenue Model

Company Description

Everest Industries Limited manufactures and trades in building products for residential, commercial, and industrial sectors in India. The company operates through Building Products and Steel Buildings segments. It offers roofing products, such as fiber cement roofing sheets, Everest super color sheets, Hi-tech roofing sheets, decoroof sheets, EPDM washers, and rooflight sheets; and artewood, artestones, fiber cement boards, heavy duty boards, smart and Rapicon walls, cement wood planks, designer and standard ceilings, stone claddings, and floor boards. The company also provides pre-engineered buildings, smart steel buildings, and industrial roofing and cladding products, as well as accessories. It exports its products to 16 countries. The company was incorporated in 1934 and is headquartered in Mumbai, India. Everest Industries Limited is a subsidiary of Falak Investment Private Limited.

How the Company Makes Money

Everest Industries primarily makes money by manufacturing and selling building materials and construction solutions to distributors, dealers/retailers, contractors, OEMs, and institutional/infrastructure customers. Its key revenue streams include: (1) Fibre cement roofing products: sales of fibre cement corrugated roofing sheets and associated roofing accessories typically used in industrial sheds, warehouses, agriculture structures, and affordable housing; revenue is driven by volumes sold through building-material distribution channels and project/offtake demand. (2) Fibre cement boards and panels: sales of boards/panels used for interior and exterior applications (e.g., wall/ceiling systems, cladding, partitions, and underlay), typically sold via dealer networks and to project customers; revenue depends on construction activity, product mix, and value-added board applications. (3) Prefabricated buildings/solutions: earnings from design, manufacture, supply, and installation/erection of pre-engineered or prefabricated building solutions for industrial and institutional projects; revenue is generally project-based and recognized as contracts are executed/delivered. Additional factors influencing earnings include pricing (linked to input costs and competitive dynamics), geographic reach and channel strength (distribution/dealer network and institutional relationships), and demand cycles in construction, infrastructure, and industrial capex. Specific details on named partnerships are null.

Everest Industries Limited Financial Statement Overview

Summary

Mixed fundamentals: strong gross margin (~40.3%) and moderate leverage (debt-to-equity ~0.44), but profitability has deteriorated with a negative net margin and ROE turning negative. Cash flow is a key weakness with negative free cash flow and poor conversion of earnings to cash in the latest year.

Income Statement

Everest Industries Limited has shown a mixed performance in its income statement. The gross profit margin for the latest year is approximately 40.3%, indicating strong cost management. However, the net profit margin has turned negative in the most recent year, primarily due to a significant drop in net income, which raises concerns about profitability. Revenue growth has been inconsistent, with a notable increase in the latest year but offset by fluctuating EBIT and EBITDA margins.

Balance Sheet

The company's balance sheet reflects a solid equity base with a debt-to-equity ratio of approximately 0.44 in the latest year, suggesting moderate leverage. The return on equity has been volatile, recently turning negative, which may impact investor confidence. The equity ratio stands at around 45.5%, indicating a balanced financial structure with adequate asset backing.

Cash Flow

Cash flow analysis reveals challenges with negative free cash flow in recent periods, which could affect operational liquidity. The operating cash flow to net income ratio has been negative in the latest year, indicating inefficiencies in converting income to cash. However, the company has historically managed capital expenditures, as seen in previous years.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	16.31B	17.23B	15.56B	16.48B	13.65B	12.18B
Gross Profit	5.99B	6.95B	5.55B	6.90B	2.76B	2.81B
EBITDA	163.60M	299.05M	663.03M	836.71M	983.05M	1.20B
Net Income	-243.74M	-36.04M	179.98M	423.60M	440.80M	563.91M
Balance Sheet
Total Assets	13.03B	13.12B	11.99B	11.32B	10.58B	9.30B
Cash, Cash Equivalents and Short-Term Investments	82.98M	104.68M	636.75M	138.73M	1.65B	1.32B
Total Debt	3.09B	2.65B	957.08M	1.13B	549.72M	83.05M
Total Liabilities	7.26B	7.15B	6.02B	5.50B	5.16B	4.22B
Stockholders Equity	5.76B	5.97B	5.97B	5.81B	5.42B	5.08B
Cash Flow
Free Cash Flow	-364.89M	-1.71B	569.11M	-2.02B	-16.47M	2.47B
Operating Cash Flow	-167.13M	-902.33M	1.83B	-1.68B	321.55M	2.64B
Investing Cash Flow	-135.94M	-589.00M	-932.17M	403.00M	356.21M	-1.40B
Financing Cash Flow	277.41M	958.94M	-388.11M	424.90M	-175.44M	-793.73M

Everest Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 513.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EVERESTIND, the sentiment is Negative. The current price of 513.8 is above the 20-day moving average (MA) of 386.90, above the 50-day MA of 421.01, and below the 200-day MA of 538.54, indicating a bearish trend. The MACD of -16.69 indicates Positive momentum. The RSI at 22.47 is Positive, neither overbought nor oversold. The STOCH value of 11.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EVERESTIND.

Everest Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTLCONV	73 Outperform	₹4.49B	4.73	―	0.81%	34.91%	-19.40%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VISAKAIND	59 Neutral	₹4.93B	79.94	―	0.74%	6.79%	―
EVERESTIND	55 Neutral	₹5.50B	-5.44	―	0.50%	-3.11%	-331.77%
NCLIND	49 Neutral	₹7.71B	17.17	―	1.52%	-16.46%	-21.60%
SHREDIGCEM	45 Neutral	₹8.95B	-48.17	―	1.66%	3.09%	-50.15%

Everest Industries Limited Corporate Events

Everest Industries Names New Head for Fibre Cement Manufacturing and Supply Chain

Everest Industries Limited has appointed Lakshmana Rao Challa as Head of Manufacturing Operations and Supply Chain Management for its fibre cement plants, effective 9 February 2026, placing him within the senior management team. Bringing over 27 years of experience in building materials and automotive operations, including leadership roles at Saint-Gobain, Aluplast, DCM Shriram Group and Hwaseung, his expertise in multi-plant management, technology transfers, ESG compliance and operational excellence is expected to bolster Everest’s manufacturing efficiency and support sustainable growth across its fibre cement operations.

Everest Industries Extends Timeline for Podanur Land Sale to March 2026

Everest Industries Limited has informed the stock exchanges that the planned sale of its land parcel at Podanur, originally expected to conclude by January 25, 2026, will now be completed by March 31, 2026, following a mutually agreed extension with buyer G Square Realtors Private Limited due to the pace of required government approvals. The delay, disclosed under market disclosure regulations, signals a postponement in the timing of any anticipated cash inflow from the transaction but confirms that the deal remains on track subject to regulatory clearances, offering stakeholders clarity on the revised execution schedule.

Everest Industries Files SEBI Dematerialisation Compliance Certificate for Q3 FY2025-26

Everest Industries Limited has submitted a compliance certificate for the quarter ended December 31, 2025 under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, confirming that it continues to meet regulatory requirements for handling dematerialised securities. The registrar, MCS Share Transfer Agent Limited, has certified that securities received for dematerialisation during the quarter were listed on the relevant stock exchanges, that physical certificates were duly verified, mutilated and cancelled, and that the depository’s name has been recorded as the registered owner, reinforcing the company’s adherence to securities market norms and safeguarding shareholder records.

Everest Industries Slashes Reported GST Demand After Correcting Earlier Disclosure

Everest Industries Limited has issued a revised disclosure correcting an earlier typographical and calculation error in a previously reported tax demand related to a show cause notice under the Central GST, SGST and IGST Acts. Following an order dated December 31, 2025, the total demand, including tax, interest and penalty, has been significantly reduced from about Rs 56.06 crore to Rs 69.10 lakh, which the company intends to contest, limiting the potential financial exposure and clarifying its regulatory position for investors and other stakeholders.

Everest Industries to Contest GST Order Despite Reduced Tax Demand

Everest Industries has disclosed that the Deputy Commissioner of CGST, Ranchi, has issued a goods and services tax order covering fiscal years 2018-19 to 2022-23, reducing the earlier tax demand (including interest) from Rs 2.11 crore to about Rs 0.66 crore under various GST provisions, while simultaneously imposing a penalty of roughly Rs 2.11 crore. The company intends to appeal the total demand of Rs 2.78 crore, and based on its assessment does not expect the order to have any material financial impact on its operations, signaling that the dispute is unlikely to significantly affect its ongoing business activities or financial position.

Everest Industries Opens Special Window for Re‑lodgement of Physical Share Transfers

Everest Industries Limited has informed stock exchanges that it has published newspaper advertisements announcing a special window for re-lodgement of transfer requests for physical shares, in line with a recent Securities and Exchange Board of India (SEBI) circular. The move is primarily a compliance exercise aimed at informing shareholders about the limited-period opportunity to regularise earlier rejected or unattended transfer requests of physical share certificates, supporting the broader regulatory push toward dematerialisation and cleaner shareholding records, with operational implications for investors who still hold shares in physical form.