The shares of Everest Industries Ltd., a building solutions company rose over 13.78% on Tuesday. The stock touched its high of Rs. 895.86 in its previous trading session and eventually closed at Rs. 878.05 for the day. As of 11:55 IST, the stock was trading at Rs. 865 per share on Wednesday, down 1.71% in the early hours of trading.
Everest Industries is a small-cap complete building solutions provider with a market value of Rs. 1,360 crores. The company provides a vast range of building products for roofing, ceiling, wall, flooring & cladding solutions and also produces pre-engineered steel structures for industrial, commercial and residential applications. The company was incorporated 88 years ago in 1934.
Over the last 11 months, Everest Industries has emerged as a multi-bagger stock generating a return of a whopping 133%. Since late November 2021, the share price has advanced from Rs. 370 per share to Rs. 865 per share as of today.
Rs. 1,00,000 invested in November last year would have become Rs. 2,33,000 in a matter of 11 months generating an impressive profit of Rs. 1,33,000 for its investors.
During the quarter ending June 2022, the Mumbai-based company saw its sales rise by 21% to Rs. 453 crores from Rs. 374 crores it reported in March 2022 quarter. During the same period, its net profit increased by 250% to Rs. 21 crores from Rs. 6 crores in Q4FY22.
The Mumbai-based company has a promoter holding of 50.6% and a very low debt-to-equity ratio of 0.10. The stock presently trades at a P/E of 29.9 and 2.45 times its book value of Rs. 346 per share.
Written By – Vikalp Mishra
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