A Diversified Product Portfolio of Everest Industries

Everest Industries' diversified portfolio

Market Outlook
by 5paisa Research Team Last Updated: Mar 10, 2023 - 03:55 pm 1.9M Views

Everest Industries Ltd is one of India’s leading and fastest-growing complete building solutions providers. It commissioned its first factory in May 1934 at Kymore in Madhya Pradesh and by 1956 it had three more factories in Mumbai, Kolkata, and Podanur in Tamil Nadu

After multiple ownership changes over the years, the company was acquired by the Somani group in 2005, which now owns a 49% stake in the company. Everest Industries has a strong presence of 80+ years in the building solutions industry. The company provides building products and solutions for commercial, industrial, and residential sectors in over 25 countries. The company’s product portfolio includes Roofing, Ceilings, Walls, Flooring, Cladding, and Pre-engineered buildings. In 2008, the company introduced Smart Steel Buildings, a technology that enabled the construction of a building three times faster than the conventional methods of construction even in seismic, hilly, coastal, and high-wind areas. In 2011, Everest Industries delivered its 500th pre-engineered building in 2016. Everest Industries Ltd. is the 2nd largest Pre-Engineered Building Company in India.

Everest Industries generates 45% of its revenues from the Roofing Segment followed by Steel Building Products (35%) and Boards and Panel segments (20%). The company is known for its marquee clients, innovative products across diverse segments, state-of-the-art manufacturing facilities, strong brand recall, and widespread distribution network. 

A new leadership team from Pidilite, HUL, and Godrej Consumer Products has become beneficial for Everest Industries Ltd, which is being reflected in the recent quarterly results by providing rich experience and fresh perspective to business for accelerated growth. By 2023, the company will emerge as a strong pan-India player and has the potential to post a PAT of over Rs.80 crore and a topline of Rs.2000 crore by FY24. 

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