Everest Kanto Cylinder Limited — Investor Meet, 21-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Everest Kanto Cylinder reported strong Q3 FY26 results with consolidated revenue at Rs. 365.1 Cr, EBITDA at Rs. 59.2 Cr (up 48% YoY), and PAT at Rs. 35.7 Cr (up 98.9% YoY). Margins expanded to 16.2% due to improved product mix (CV, defense, semiconductor) and cost control. India operations led performance. Management anticipates 15-17% sustainable EBITDA margins and targets 15-20% top-line growth.

New capacities are set to boost growth: Mundra's first line is operational, with two more lines expected next quarter, increasing capacity by ~15%. The Egypt facility should commence operations by May 2026, aiming for Rs. 50-60 Cr revenue in its first year. The US subsidiary (CP Industries) approved a $5.5M capex for Type 4 cylinders, targeting Rs. 100 Cr incremental revenue by FY27-28, supported by customer contracts and a $75M order book over two years. The US expansion will provide more consistent revenue. Management is confident about demand and strategic initiatives.