Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

In February this year, EKC International FZE in its board meeting in Dubai had given its in-principle approval for setting up of a CNG cylinder production facility in Egypt.

Everest Kanto Cylinder freezes at 5% upper circuit on JV for cylinder manufacturing in MENA

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Stocks that will see action today

Everest Kanto Consolidated December 2021 Net Sales at Rs 463.89 crore, up 87.8% Y-o-Y

Everest Kanto Cylinder said that the board its wholly owned subsidiary EKC International FZE has given its in-principle approval for setting up of a CNG cylinder production facility in Egypt.

Everest Kanto Cylinder’s arm to set up cylinder production facility in Egypt

This will be in the form of a Joint Venture with a local Egyptian partner.

Everest Kanto to set up CNG Cylinder production facility in Egypt; stock ends ~2% lower

Long term bank facilities (Rs 81 crore) - CARE BBB+; Stable (revised from CARE BBB-; Positive)

Everest Kanto Cylinder receives revision in credit ratings from CARE

Everest Kanto Cylinder consolidated net profit rises 1011.24% in the June 2021 quarter

The company’s consolidated revenue from operations rose to Rs284.29cr in Q4FY21 compared to Rs198.66cr in Q4FY20.

Everest Kanto Cylinder Q4 PAT shows turnaround to Rs4.44cr; Stock drops 3%

Everest Kanto Cylinder standalone net profit rises 1082.08% in the March 2021 quarter

Everest Kanto Cylinder reports consolidated net profit of Rs 4.44 crore in the March 2021 quarter

Board of Everest Kanto Cylinder accepts resignation of company secretary

Everest Kanto Cylinder Limited is engaged in the manufacturing of high-pressure gas cylinders such as industrial gas cylinders, compressed natural gas (CNG) cylinders, CNG cylinders etc. which have range of application including defence.

Everest Kanto Cylinder Ltd

Everest Kanto Cylinder Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Everest Kanto Cylinder freezes at 5% upper circuit on JV for cylinder manufacturing in MENA

Stocks that will see action today

Everest Kanto Consolidated December 2021 Net Sales at Rs 463.89 crore, up 87.8% Y-o-Y

Everest Kanto Cylinder’s arm to set up cylinder production facility in Egypt

Everest Kanto to set up CNG Cylinder production facility in Egypt; stock ends ~2% lower

Everest Kanto Cylinder receives revision in credit ratings from CARE

Everest Kanto Cylinder consolidated net profit rises 1011.24% in the June 2021 quarter

Everest Kanto Cylinder Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Everest Kanto Cylinder freezes at 5% upper circuit on JV for cylinder manufacturing in MENA

Stocks that will see action today

Everest Kanto Consolidated December 2021 Net Sales at Rs 463.89 crore, up 87.8% Y-o-Y

Everest Kanto Cylinder’s arm to set up cylinder production facility in Egypt

Everest Kanto to set up CNG Cylinder production facility in Egypt; stock ends ~2% lower

Everest Kanto Cylinder receives revision in credit ratings from CARE

Everest Kanto Cylinder consolidated net profit rises 1011.24% in the June 2021 quarter

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock