Everest Kanto Cylinder Limited (EKC.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+66.3%

₹166.04

vs ₹99.82 price

Levered DCF

₹52.14

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	6.94×	14.23×	16.52×	13.27×	9.58×	9.76×	40.37×	5.32×
P/B	0.73×	1.15×	1.49×	1.01×	2.81×	1.4×	0.23×	0.6×
P/S	0.69×	0.92×	1.34×	0.79×	1.5×	0.93×	0.16×	0.45×
EV / EBITDA	5.34×	8×	9.98×	7.36×	6.23×	5.02×	4.33×	6.81×
Gross margin	28.6%	40.4%	27.5%	42.7%	30.5%	24.2%	35.4%	38.0%
Operating margin	10.4%	30.5%	9.9%	32.6%	22.1%	12.9%	6.9%	8.8%
Net margin	10.0%	6.5%	8.1%	6.0%	15.6%	9.5%	0.4%	8.4%
Current ratio	3.7×	2.87×	3.34×	2.76×	2.47×	1.87×	1.46×	1.53×
Debt / equity	0.19×	0.14×	0.06×	0.12×	0.14×	0.35×	0.58×	0.65×
Interest coverage	10.55×	27.86×	12.04×	28.46×	27.36×	4.76×	1.42×	1.64×
Dividend yield	0.8%	0.6%	0.5%	0.8%	0.1%	0.0%	0.0%	0.0%
Payout ratio	5.3%	8.0%	7.9%	10.3%	1.3%	0.0%	0.5%	0.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.5%	8.1%	9.0%	7.6%	29.4%	14.3%	0.6%	11.3%
Return on invested capital	8.1%	26.1%	8.2%	28.9%	25.1%	8.8%	2.4%	7.1%
Return on assets	7.8%	6.1%	7.0%	5.5%	20.5%	8.6%	0.3%	5.7%
Free cash flow yield	-4.0%	-4.5%	9.8%	2.3%	3.3%	6.2%	46.5%	10.3%
Earnings yield	14.4%	7.0%	6.1%	7.5%	10.4%	10.2%	2.4%	18.8%
Enterprise value	₹12B	₹14.8B	₹16.4B	₹11B	₹26.2B	₹10.4B	₹4.2B	₹6.4B
Net debt / EBITDA	0.8×	0.49×	0×	0.57×	0.19×	0.79×	3.07×	3.49×
Cash conversion cycle (days)	220	226	227	303	162	207	234	275