Everest Industries Limited (EVERESTIND) AI Stock Analysis

• Market Cap: ₹6.89B
• Dividend Yield: 0.5%
• Average Volume (3M): 2.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: -3.11%
• EPS Growth: -331.77%
• Country: IN
• Employees: 1,431
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): -11.48
• 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: 49 Neutral
• Price Target: ₹433.00 ▼(-15.73% Downside)

The overall stock score is primarily impacted by financial performance challenges, including negative profitability and cash flow issues. Technical analysis indicates bearish momentum, and valuation metrics reflect recent financial difficulties. These factors collectively suggest caution for potential investors.

Positive Factors

High gross profit margins

A ~40.3% gross margin signals durable cost management and product pricing strength in fibre-cement lines. Such structural margin allows the company to absorb input inflation, fund product development and channel expansion, and gives headroom to restore net profitability over time.

Moderate leverage and balanced equity base

A debt-to-equity of ~0.44 and ~45.5% equity ratio reflect moderate leverage and adequate asset backing. This financial flexibility supports capex for capacity or prefab growth, reduces insolvency risk during construction cycles, and preserves borrowing headroom for strategic investments.

Diversified product and revenue streams

Sales across roofing, boards/panels and prefabricated building solutions create multiple demand drivers and channel mixes (dealers, projects, institutional). This structural diversification reduces single-segment cyclicality, enables cross-selling, and supports steadier medium-term revenue as construction activity shifts by segment.

Negative Factors

Negative net profit margin

Despite strong gross margins, a turn to negative net margins—driven by a sharp drop in net income and fluctuating EBIT/EBITDA—erodes retained earnings and limits capacity to self-fund growth. Sustained negative margins would constrain reinvestment and dividend potential long term.

Poor cash conversion and negative free cash flow

Negative free cash flow and weak conversion of profit to cash create structural liquidity pressure, forcing reliance on external financing for working capital or capex. This limits the firm's ability to scale prefabrication projects and invest in distribution without raising financing costs or diluting equity.

Volatile top-line and earnings growth

Negative revenue growth and extreme EPS decline indicate volatile execution and demand sensitivity in construction markets. Persistent volatility complicates long-term planning, weakens return on equity, and raises execution risk for capacity expansion or product mix shifts over the next several quarters.

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 generates revenue through multiple streams, primarily by selling its core products such as fiber cement sheets, roofing solutions, and pre-engineered buildings. The company benefits from a strong distribution network that enables it to reach a wide customer base, including contractors, builders, and end-users. Additionally, Everest Industries engages in strategic partnerships with suppliers and distributors to enhance its market presence and operational efficiency. Factors contributing to its earnings include the growing demand for affordable housing and infrastructure development in India, as well as the company's commitment to product innovation and quality.

Everest Industries Limited Financial Statement Overview

Summary

Everest Industries Limited shows strong gross profit margins and a balanced equity structure. However, negative net profit margins and cash flows highlight profitability and liquidity challenges.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.01B	17.23B	15.56B	16.48B	13.65B	12.18B
Gross Profit	6.25B	6.95B	5.55B	6.90B	2.76B	2.81B
EBITDA	240.73M	299.05M	663.03M	836.71M	983.05M	1.20B
Net Income	-178.75M	-36.04M	179.98M	423.60M	440.80M	563.91M
Balance Sheet
Total Assets	0.00	13.12B	11.99B	11.32B	10.58B	9.30B
Cash, Cash Equivalents and Short-Term Investments	108.54M	104.68M	636.75M	138.73M	1.65B	1.32B
Total Debt	0.00	2.65B	957.08M	1.13B	549.72M	83.05M
Total Liabilities	-5.97B	7.15B	6.02B	5.50B	5.16B	4.22B
Stockholders Equity	5.97B	5.97B	5.97B	5.81B	5.42B	5.08B
Cash Flow
Free Cash Flow	0.00	-1.71B	569.11M	-2.02B	-16.47M	2.47B
Operating Cash Flow	0.00	-902.33M	1.83B	-1.68B	321.55M	2.64B
Investing Cash Flow	0.00	-589.00M	-932.17M	403.00M	356.21M	-1.40B
Financing Cash Flow	0.00	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: Negative
• RSI: Neutral
• STOCH: Neutral

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 448.35, above the 50-day MA of 492.00, and below the 200-day MA of 551.22, indicating a bearish trend. The MACD of -24.81 indicates Negative momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 30.48 is Neutral, 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	₹5.05B	7.40	―	0.81%	34.91%	-19.40%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VISAKAIND	59 Neutral	₹5.43B	11.56	―	0.74%	6.79%	―
SHREDIGCEM	50 Neutral	₹10.83B	28.84	―	1.66%	3.09%	-50.15%
EVERESTIND	49 Neutral	₹6.89B	-28.23	―	0.50%	-3.11%	-331.77%
NCLIND	49 Neutral	₹8.29B	16.55	―	1.52%	-16.46%	-21.60%

Everest Industries Limited Corporate Events

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.

Everest Industries Faces Credit Rating Downgrade Amid Profitability Challenges

Everest Industries Limited has experienced a downgrade in its credit ratings by Crisil Ratings for both its long-term and short-term bank facilities, reflecting a weaker-than-expected business risk profile and lower profitability margins in the current fiscal year. Despite these challenges, the company is taking steps to improve its financial health, including diversifying its supplier base for asbestos, adopting six sigma practices to enhance quality, and focusing on higher-margin segments like Boards and Panels. The company’s financial risk profile remains stable with a healthy net worth and low gearing, and it plans to improve profitability and net accruals through strategic management changes and cost-cutting measures.