Everest Industries Limited (EVERESTIND) AI Stock Analysis

Everest Industries Limited

(NSE:EVERESTIND)

Select Model

Rating:50Neutral

Price Target:INR 515.00▲(14.37% Upside)

Action:reiterated

Date:10/07/26

The score is held down primarily by weak financial performance (recent revenue contraction and a swing into significant losses) and a loss-driven valuation signal (negative P/E). These are partially offset by relatively strong technicals, with the stock trading above major moving averages and showing positive momentum, though near-term indicators look extended.

Positive Factors

Diversified Construction ApplicationsExposure across multiple construction end markets and sales channels gives Everest a broader demand base than reliance on a single customer type. Roofing, walls, cladding, ceilings, and related solutions can support recurring opportunities as construction activity develops across varied applications.

Negative Factors

Revenue and Profitability DownturnThe combination of falling revenue, sharply lower gross profit, and large operating and net losses signals a material deterioration in current business economics. Persistent weakness would reduce reinvestment capacity, weaken financial resilience, and make recovery dependent on improved demand, pricing, mix, or costs.

Everest Industries Limited (EVERESTIND) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 7.35B
Dividend Yield: 0.22%
Average Volume (3M): 927
Price to Earnings (P/E): 37.5
Beta (1Y): 0.80
Revenue Growth: -16.31%
EPS Growth: ―
Country: India
Employees: 1,431
Sector: General
Sector Strength: 55
Industry: Construction Materials

Everest Industries Limited Business Overview & Revenue Model

Company Description

Everest Industries Limited is an Indian firm specializing in the manufacture and distribution of diverse construction materials, catering to residential, commercial, and industrial clients across India. Its operations are divided into two primary div...

How the Company Makes Money

Everest Industries makes money primarily by selling building materials and solutions used in construction. Its revenue is generated through (1) sales of fibre cement roofing products (including sheets and associated accessories) to customers such as...

Everest Industries Limited Financial Statement Overview

Summary

Income statement deterioration is the main drag: revenue declined ~13.1% in FY2026 and profitability swung into large losses (negative EBIT and net income), with sharp gross profit compression. The balance sheet is not over-levered (moderate leverage), but equity declined notably in FY2026 and debt is elevated versus earlier years. Cash flow improved in FY2026 (positive operating cash flow and free cash flow), but multi-year cash generation remains volatile.

Income Statement

34Negative

Balance Sheet

56Neutral

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	13.52B	14.17B	17.23B	15.56B	16.48B	13.65B
Gross Profit	3.97B	3.44B	6.95B	5.55B	6.90B	2.76B
EBITDA	782.89M	-380.26M	299.05M	663.03M	836.71M	983.05M
Net Income	-12.28M	-1.02B	-36.04M	179.98M	423.60M	440.80M
Balance Sheet
Total Assets	0	12.11B	13.12B	11.99B	11.32B	10.58B
Cash, Cash Equivalents and Short-Term Investments	447.05M	447.05M	104.68M	636.75M	138.73M	1.65B
Total Debt	0	2.27B	2.65B	957.08M	1.13B	549.72M
Total Liabilities	-4.95B	7.16B	7.15B	6.02B	5.50B	5.16B
Stockholders Equity	4.95B	4.95B	5.97B	5.97B	5.81B	5.42B
Cash Flow
Free Cash Flow	-364.89M	648.62M	-1.71B	569.11M	-2.02B	-16.47M
Operating Cash Flow	-167.13M	955.96M	-902.33M	1.83B	-1.68B	321.55M
Investing Cash Flow	-135.94M	-102.00M	-589.00M	-932.17M	403.00M	356.21M
Financing Cash Flow	277.41M	-506.01M	958.94M	-388.11M	424.90M	-175.44M

Everest Industries Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price450.30

Price Trends

50DMA448.01Positive

100DMA452.38Negative

200DMA420.52Positive

Market Momentum

MACD3.99Positive

RSI45.16Neutral

STOCH25.03Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:EVERESTIND, the sentiment is Negative. The current price of 450.30 is below the 20-day moving average (MA) of 479.81, above the 50-day MA of 448.01, and above the 200-day MA of 420.52, indicating a neutral trend. The MACD of 3.99 indicates Positive momentum. The RSI at 45.16 is Neutral, neither overbought nor oversold. The STOCH value of 25.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:EVERESTIND.

Everest Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:EVERESTIND against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KAJARIACER	70Outperform	INR 174.30B	29.23	―	1.62%	14.20%	66.86%
IN:SOMANYCERA	68Neutral	INR 22.30B	20.93	―	1.11%	9.32%	82.85%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ORIENTBELL	55Neutral	INR 5.10B	24.07	―	0.29%	13.22%	387.47%
IN:ASIANTILES	54Neutral	INR 13.59B	60.37	―	―	18.50%	-67.27%
IN:EVERESTIND	50Neutral	INR 7.14B	37.50	―	0.22%	-16.31%	―
IN:NITCO	47Neutral	INR 17.32B	-57.89	―	―	28.75%	98.71%

* General Sector Average

Performance Comparison

IN:EVERESTIND and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:EVERESTIND	Everest Industries Limited	450.30	-146.30	-24.52%
IN:ASIANTILES	Asian Granito India Limited	45.85	-20.06	-30.44%
IN:KAJARIACER	Kajaria Ceramics Limited	1109.15	-57.99	-4.97%
IN:NITCO	Nitco Limited	71.99	-29.01	-28.72%
IN:ORIENTBELL	Orient Bell Limited	346.05	55.77	19.21%
IN:SOMANYCERA	Somany Ceramics Limited	543.65	91.12	20.14%

Everest Industries Limited Corporate Events

Everest Industries Sets Digital-First AGM and Annual Report Access for FY 2025-26

Jul 12, 2026

Everest Industries has notified stock exchanges that it has circulated a web link to its annual report for FY 2025-26, including the notice of its 93rd annual general meeting, to shareholders whose email addresses are not registered. The company is s...

Everest Industries Publishes AGM, E-Voting and Dividend Notice in Newspapers

Jul 12, 2026

Everest Industries Limited has notified stock exchanges that it has published newspaper advertisements announcing its ninety-third annual general meeting, along with details on e-voting, the final dividend, and the record date. The notices, released...

Everest Industries Sets 93rd AGM, Proposes Dividend and New Auditor

Jul 11, 2026

Everest Industries Limited has convened its 93rd Annual General Meeting for August 3, 2026, to be held via video conferencing and other audio-visual means, reflecting continued reliance on virtual formats for shareholder engagement. The AGM agenda in...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 06, 2026

Everest Industries Limited AI Stock Analysis