Everest Kanto Cylinder - Dominant Player In An Industry With Tailwinds: IDBI Capital Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Everest Kanto Cylinder Ltd. is a leading manufacturer of seamless steel gas cylinders in India with an estimated market share of 50%. With rising penetration of compressed natural gas stations in India, we believe the gas cylinder companies will benefit as CNG stations will require cascades. Importantly, car companies are witnessing rising number of CNG cars while diesel cars continue to lose share. These factors will benefit Everest Kanto Cylinder as it is the market leader in gas cylinders in India and is expanding its capacities. Over the coming two years, the company will become a net debt free company and will have strong return ratios. Current valuation is attractive considering it stares at strong growth prospects..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Everest Kanto Cylinder - Dominant Player In An Industry With Tailwinds: IDBI Capital Initiates Coverage

Everest Kanto Cylinder - Dominant Player In An Industry With Tailwinds: IDBI Capital Initiates Coverage

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