Everest Industries stands as a distinguished industry leader in providing complete building solutions, with a rich history dating back to 1934. The company is one of India's leading building materials companies, with a legacy stretching back to 1936, and was incorporated in 1946, operating across India, Nepal, Bangladesh, and Sri Lanka. Everest Industries was the first company to bring asbestos roofing to India and has maintained its position as one of the leading building material manufacturers since then.
Everest Industries is a building material manufacturer in the construction industry, providing roofing, flooring, wall and ceiling solutions, as well as PEBs (Pre-Engineered Buildings). The company has transitioned from a roofing company to a comprehensive building solutions provider, offering a wide range of roofing, ceiling, wall, and cladding products for new-age building solutions.
Everest Industries manufactures fiber cement products in India, offering products in roofing, ceiling, wall, flooring, and cladding products and pre-engineered steel buildings for industrial, commercial, and residential applications. The business operations are classified into two segments: Building Products, which contribute the majority of revenues, and Steel Buildings.
The company has a rich history in manufacturing residential, commercial, and industrial roofing, fiber cement-based building materials, and Pre-Engineered Steel Buildings. With the brand promise of delivering Strength, Speed, and Safety to construction, Everest offers a complete range of new-age building products.
The company's product portfolio includes fibre cement boards and panels that allow for strong, light, rapid, and durable construction of residential, commercial, and industrial infrastructure. Everest Boards and Panels are manufactured using the Hatchek process enabled with HPSC (High Pressure Steam Curing) technology, which makes them moisture-resistant, fire-resistant, and termite-proof.
The company's products and solutions are available in more than 1,00,000 rural and 600 urban cities in India and many MEA and European countries. Everest distributes its products across 1 lac villages and 600 cities, through 6 state-of-the-art facilities, 7000 outlets, and 38 sales offices.
Geographically, the company derives maximum revenue from India, positioning it as a domestic leader in the building materials sector with significant international operations.
The company's financial performance shows a mix of growth and challenges.
Sales rose 9.35% to ₹1,722.82 crore in the year ended March 2025, as against ₹1,575.45 crore during the previous year ended March 2024. Net profit of Everest Industries rose 40.44% to ₹7.64 crore in the quarter ended March 2025, as against ₹5.44 crore during the previous quarter ended March 2024. Sales rose 4.75% to ₹452.63 crore in the quarter ended March 2025, as against ₹432.11 crore during the previous quarter ended March 2024.
However, the company faced challenges in Q2 FY25, where it reported a consolidated net loss of ₹11.67 crore in Q2 FY25, as against a net loss of ₹5.84 crore in Q2 FY24, despite net sales increasing 22.5% YoY to ₹376.82 crore in the September 2024 quarter.
• Market Capitalization: ₹815.51 Cr (as of 20th June 2025)
• 52-Week High: ₹1,265.20
• 52-Week Low: ₹420
• P/E Ratio: -226.53
• P/B Ratio: 1.37
• Current Dividend Yield: 0.48%
The Board recommended a final dividend of ₹2.5 per equity share (i.e., 25%) for March 2025, subject to shareholder approval.
Everest Industries stands as a beacon of innovation in the construction sector, continually investing in research and development, integrating the latest technologies and sustainable practices into their products. The company has consistently introduced innovative building products such as Pre-engineered steel buildings for the industrial and commercial sector and solar rooftop solutions.
The company's 'Green Solutions' initiative aims to save the planet by lowering the carbon footprint caused during construction. At the core of the solution lies Everest Fibre Cement Board, an advanced green material regarded as the best substitute to natural wood and wood-based products. Made from 40% recycled content, Everest Fibre Cement Board serves as a clean, green material.
The Board of Everest Industries on 16th June 2025 accepted the resignation of Mr. Rajesh Joshi from the position of Managing Director & CEO, effective as of close of business hours on 12th September 2025. The company stated that it is in the process of identifying a suitable candidate for the CFO position and will inform the stock exchanges in due course.
Crisil has reaffirmed the short-term rating on the company's facilities at 'Crisil A1'; however, the rating downgrade reflects the longer-than-expected recovery in the business risk profile marked by lower-than-expected profitability in fiscal 2024, which is likely to stay low in fiscal 2025 as well.
Everest Industries continues to navigate market challenges while maintaining its position as a leading building materials manufacturer in India, with a strong focus on innovation, sustainability, and expanding its comprehensive building solutions across domestic and international markets.
