Everest Kanto Cylinder Ltd is a four-decade-old clean energy solutions company and a leading global manufacturer of seamless steel gas cylinders across various geographies. The company has two operating manufacturing facilities in India at Tarapur, Maharashtra and Kandla SEZ in Gujarat, along with two international facilities at Pittsburgh, USA and Jebel Ali Free Zone in Dubai.
Everest Kanto has a wide product range of industrial, CNG and jumbo cylinders used for high-pressure storage of gases such as hydrogen, oxygen, helium, air, nitrogen, etc. These are used across industries such as fire equipment, automobiles, aerospace, defence, medical establishments, etc.
India’s CNG market has been witnessing remarkable growth over the last few years, driven by increasing consumer preference for cleaner and cost-effective mobility solutions. The Indian government has also been in the forefront of continuing its push and acceleration towards expanding the CNG infrastructure for the adoption of both the passenger and commercial vehicle segments and expects these structural tailwinds to support its businesses towards sustainable growth in the domestic market in the foreseeable future.
Everest Kanto Cylinder reported quarterly standalone June 2025 quarter financial numbers last week with Net Sales at Rs 236.98 crores, up 20.9% from Rs 196.01 crores against the June 2024 quarter. The quarterly Net Profit climbed to Rs 26.09 crores in June 2025 up 122.8% from Rs 11.71 crores during June 2024. EBITDA stood at Rs 45.30 crores for June 2025 quarter up 101.87% from Rs 22.44 crores as against the June 2024 quarter. The company’s earning per share increased to Rs 2.33 in the June 2025 quarter from Rs 1.04 for the June 2024 quarter.
The future outlook is quite bright for Everest Kanto Cylinder, which is in line with its long-term growth plans and expanding manufacturing footprint across different geographies. The company’s upcoming facility at Mundra is on track to support the domestic capacity and also service the export market efficiently. The greenfield project in Egypt is also progressing well and on stream to be completed within the FY2026 with the Egyptian government making it a national objective to use CNG vehicles. With this background, the company is committed to playing a key role in meeting the growing demand in Egypt, as it aligns well with its goals and objectives. These initiatives will further strengthen the company’s position as a global supplier of high-pressure gas solutions.
The Everest Kanto management is quite optimistic on its long-term growth prospects, which are supported by strong fundamentals, scalable infrastructure and strong focus on innovation. In terms of the order book till the end of March 2025, the domestic business is around Rs 350 crores while the UAE business is around Rs 100 crores. While margins have been quite low in the UAE, the company is quite optimistic and changing its stance to focus on products where the margins are better. As of March end 2025, the company has a capacity utilisation of a 60:40 ratio mix towards CNG and industrial cylinder respectively.
With stupendous first-quarter FY26 financial results, the stock, which was hovering around Rs 130 levels has shot up to Rs 150 levels and the company management is very optimistic on the coming quarters. Portfolio investors can accumulate the Everest Kanto Cylinders stock for solid long term gains after taking proper advice from their financial advisors.
