{"id":148438,"date":"2023-06-05T04:43:10","date_gmt":"2023-06-05T08:43:10","guid":{"rendered":"https:\/\/44.250.171.167\/?p=148438"},"modified":"2023-06-05T04:43:12","modified_gmt":"2023-06-05T08:43:12","slug":"everest-kanto-cylinder-limited-q4-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q4-fy23-earnings-conference-call-insights\/","title":{"rendered":"Everest Kanto Cylinder Limited Q4 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Everest Kanto Cylinder Limited (EKC) Q4 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:05:49] Deepan Sankara Narayanan at TrustLine asked that with the implementation of Kirit Parikh recommendation, if it increases confidence of truck owners using CNG as primary fuel. Puneet Khurana MD said it will surely give good confidence to truck owners as new orders have been coming in.<\/li>\n<\/ul>\n<ul>\n<li>[00:06:04] Deepan Sankara Narayanan at TrustLine also asked when EKC expects improvement in its domestic sales volume and margins. Puneet Khurana MD said that margins in India business dropped QonQ due to some old inventory that EKC was carrying. The company expects to see improvement in sales and volume going forward.<\/li>\n<\/ul>\n<ul>\n<li>[00:07:09] Deepan Sankara Narayanan at TrustLine asked if the run rate of substantial improvement of US and Middle East business\u2019 sales and margin \u00a0is sustainable going forward. Puneet Khurana MD clarified that a lot of order book was pushed out in the US. However, Dubai and India margins are sustainable as it\u2019s been showing.<\/li>\n<\/ul>\n<ul>\n<li>[00:08:28] Bhavesh Chauhan from IDBI Capital enquired if China\u2019s cylinders are gaining market share than Indian players in India. Puneet Khurana MD answered that the import surge was after COVID, but there is enough capacity now in India that these imports are going to decline or won\u2019t impact the local production in India.<\/li>\n<\/ul>\n<ul>\n<li>[00:09:40] Bhavesh Chauhan at IDBI Capital asked about demand on the CNG side. Puneet Khurana MD said that CNG demand is starting to pick up as the OEMs have lot of inventory that\u2019s being cleared.<\/li>\n<\/ul>\n<ul>\n<li>[00:10:46] Bhavesh Chauhan at IDBI Capital also enquired about EKC\u2019s expansion plans. Puneet Khurana MD answered that EKC is expanding its product line to include new products, but the expansion of its existing capacity is progressing slowly. The company is waiting for the market to rebound before accelerating the expansion.<\/li>\n<\/ul>\n<ul>\n<li>[00:11:34] Darshil Jhaveri from Crown Capital asked about the outlook for FY24. Puneet Khurana MD said that anything can happen. There could be a sudden sales fall as it happened earlier and if CNG prices are corrected then same momentum could begin.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:05] Nishith Shah of Aequitas enquired about the kind of new products the company is focusing on in capacity expansion and if the capacity is ready. Puneet Khurana MD said that it\u2019s more of composite cylinders that the company is focusing on. On capacity, EKC is in the process of increasing capacity.<\/li>\n<\/ul>\n<ul>\n<li>[00:23:12] Prakash Chandra asked about the reliability of outcomes from the US business. Puneet Khurana MD answered that US is all project based business, and there were some completion of big projects last quarter and so there was a sudden jump in 4Q23.<\/li>\n<\/ul>\n<ul>\n<li>[00:25:39] Prakash Chandra enquired about the improvement in profitability that\u2019s expected from the steel prices in the segment or if it\u2019s insulated. Puneet Khurana MD clarified that from a steel prices perspective, it\u2019s more stable now and it\u2019s factored in the profitability.<\/li>\n<\/ul>\n<ul>\n<li>[00:26:14] Prakash Chandra asked about the outlook for commercial vehicle inventory in 1Q24. Puneet Khurana MD answered that the inventory is consumed every quarter and there could be better off-take going forward.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:07] Harsh asked about EMC\u2019s market share for CNG cylinders and if there\u2019s lot of new capacity coming up in the industry across India. Puneet Khurana MD replied that market share would be around 40%. And the company added that it\u2019s not seeing any new capacity being added currently as it\u2019s going through overcapacity.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:56] Harsh asked about margins going forward and the utilization levels currently. Puneet Khurana MD answered that margins should be stable or it will improve surely going forward. And capacity utilization for 4Q23 is around 60%.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:20] Harsh enquired if anything is happening on the hydrogen side for cylinder companies. Puneet Khurana MD replied that the company is looking at it but hydrogen will take some time to come as a lot of infrastructure and stakeholders will have to come together.<\/li>\n<\/ul>\n<ul>\n<li>[00:33:06] Abhijit Mitra at Ionis Alpha asked about inventory days increasing and if there is risk of inventory write-down. Puneet Khurana MD clarified that there is no risk of inventory write-down currently. The inventory is moving swiftly.<\/li>\n<\/ul>\n<ul>\n<li>[00:34:34] Darshil Jhaveri with Crown Capital asked about revenue expected for FY24 and if there\u2019s any competition from the EV side. Puneet Khurana MD replied that it\u2019s going to be better than FY23. And on EVs both are different markets and it will take time for CNGs to be replaced with EVs.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Everest Kanto Cylinder Limited (EKC) Q4 FY23 Earnings Concall Q&amp;A Highlights: [00:05:49] Deepan Sankara Narayanan at TrustLine asked that with the implementation of Kirit Parikh recommendation, if it increases confidence of truck owners using CNG as primary fuel. Puneet Khurana MD said it will surely give good confidence to truck owners as [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Everest Kanto Cylinder Limited Q4 FY23 Earnings Conference Call Insights #EKC #Q4 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[10169,9478,8196],"class_list":["post-148438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-earnings","tag-industirals","tag-packaging"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136930,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":148438,"position":0},"title":"Everest Kanto Cylinder Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 17, 2022","format":false,"excerpt":"Key highlights from Everest Kanto Cylinder Limited (EKC) Q2 FY23 Earnings Concall Management Update: [00:01:29] EKC said its performance in 2Q23 remained soft on account of the low demand seen in key commercial vehicle CNG cylinder segment. Weak CNG cylinder demand in June continued through the quarter impacting revenue. [00:03:06]\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":137856,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-ekc-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":148438,"position":1},"title":"Everest Kanto Cylinder Limited (EKC) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"November 15, 2022","format":false,"excerpt":"Everest Kanto Cylinder Limited (NSE: EKC) Q2 FY23 Earnings Concall dated Nov. 15, 2022 Corporate Participants: Puneet Khurana\u00a0--\u00a0Managing Director Sanjiv Kapur\u00a0--\u00a0Chief Financial Officer Analysts: Aesha Shah\u00a0--\u00a0Analyst Deepan Sankara Narayanan\u00a0--\u00a0TrustLine Holdings Pvt. Ltd -- Analyst Anurag Patil\u00a0--\u00a0Roha Asset Managers -- Analyst Sandeep Dixit\u00a0--\u00a0AGIO Partners -- Analyst Nishith Shah\u00a0--\u00a0Aequitas Investments -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130577,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":148438,"position":2},"title":"Everest Kanto Cylinder Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 9, 2022","format":false,"excerpt":"https:\/\/youtu.be\/T3xFXKQGa0E Key highlights from Everest Kanto Cylinder Limited (EKC) Q4 FY22 Earnings Concall Q&A Highlights: Ravi Naredi of Naredi Investments asked about EKC\u2019s current order book and the sector contributing to those orders. Puneet Khurana MD replied that the order book is very strong and it\u2019s mainly from the CNG\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175625,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-ekc-q4-2025-earnings-call-transcript\/","url_meta":{"origin":148438,"position":3},"title":"Everest Kanto Cylinder Limited (EKC) Q4 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Everest Kanto Cylinder Limited (NSE: EKC) Q4 2025 Earnings Call dated May. 27, 2025 Corporate Participants: Unidentified Speaker Puneet Khurana \u2014 Managing Director Sanjiv Kapur \u2014 Chief Financial Officer Analysts: Unidentified Participant Mitesh Jain \u2014 Analyst Deepan Sankara Narayanan \u2014 Analyst Shrey Gandhi \u2014 Analyst Reet Jain \u2014 Analyst Aswath\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133186,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":148438,"position":4},"title":"Everest Kanto Cylinder Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 15, 2022","format":false,"excerpt":"Key highlights from Everest Kanto Cylinder Limited (EKC) Q1 FY23 Earnings Concall Management Update: EKC said 1Q23 results were subdued due to muted demand seen in the CNG cylinder segment. However added, that govt.\u2019s plan to establish 3,300 additional CNG stations in the next 2 years will significantly drive demand\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127724,"url":"https:\/\/alphastreet.com\/india\/everest-kanto-cylinder-limited-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":148438,"position":5},"title":"Everest Kanto Cylinder Limited Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 18, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=WeWHmV2v2ZQ Key highlights from Everest Kanto Cylinder Limited (EKC) Q3 FY22 Earnings Concall Management Update: EKC\u2019s brownfield expansion initiatives have increased production capacity in India to about 1 million cylinders annually. The second phase of brownfield expansion is expected to complete by 2Q23. EKC acquired 53 acres of land parcel\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/148438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=148438"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/148438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=148438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=148438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=148438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}