Synopsis:
Everest Industries jumped sharply after it approved the sale of 23.32 acres of land in Coimbatore to G Square Realtors for a whopping Rs 133.85 crore, with Rs 7 crore already in the bank.
The shares of one of India’s leading and fastest-growing complete building solutions providers are in focus after it announced significant news. In this article, we will discuss more about it in detail.
With a market capitalization of Rs 1,034 crore, the shares of Everest Industries Ltd made a day high of Rs 673.40, up by 9 percent from its previous day closing price of 619.70 per share. Over the past five years, the stock has delivered an impressive return of 169 percent.
About the news
Everest Industries, through a stock exchange filing, announced that it has given the green light for the sale of 23.32 acres of vacant land located in Kurichi Village, Podanur, Coimbatore, to G Square Realtors Pvt. Ltd.
The total deal is worth Rs 133.85 crore, which will be paid in three installments. The company has already received the first installment of Rs 7 crore on August 28, 2025. The second installment of Rs 8 crore will be paid once the Environmental Clearance Amendment is obtained, and the remaining Rs 118.85 crore will be settled at the time of executing the sale deed. They expect to wrap up the deal within four months of signing or three months after getting the environmental clearance, whichever comes later.
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Financial Highlights
The company reported a revenue of Rs 500.72 crore in Q1 FY26, down by 4 percent from its Q1 FY25 revenue of Rs 522.34 crore. On a quarterly basis, it increased by 11 percent from Rs 452.63 crore.
Coming to its profitability, it reported a net profit of Rs 1.63 crore in Q1 FY26, a steep decline of 90 percent from Rs 15.91 crore in Q1 FY25. On a quarterly basis, it declined by 79 percent from Rs 7.64 crore.
Massachusetts Institute of Technology (MIT) is a significant shareholder in the company, currently holding 9.86 percent of the company, which jumped from 6.29 percent since September 2022.
Everest Industries Limited stands out as a top player in the building materials sector, offering a diverse array of products like roofing sheets, boards, wall panels, ceilings, and cladding solutions.
They also specialize in designing and constructing pre-engineered steel buildings tailored for industrial, warehousing, and infrastructure projects. With a solid foothold in India and exports reaching over 35 countries, the company caters to corporates, architects, distributors, and homeowners alike.
Written by Satyajeet Mukherjee
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