Ambit Private Limited
Axis Capital Limited
Interarch Building Products Limited is one of the leading players in the Pre-Engineered Buildings (PEB) segment, with an aggregate installed capacity of 1.41 MTPA and a market share of 6.5% in terms of operating income in the Financial Year 2024 among integrated PEB players in India. The company’s PEBs are designed, engineered, and fabricated in accordance with customer requirements, and are used in construction for industrial, infrastructure, and building projects (residential, commercial, and non-commercial).
Between FY15 and FY24, the company successfully completed 677 PEB contracts. The company offers products through pre-engineered steel building contracts and the sale of pre-engineered steel building materials such as metal ceilings and corrugated roofing (including metal suspended ceiling systems under the brand “TRAC®”), metal roofing and cladding systems (under the brand “TRACDEK®”), and permanent/metal decking (lost shuttering) over steel framing (under the brand “TRACDEK® Bold-Rib”) and also supplies PEB steel structures and light gauge framing systems (LGFS).
The company has generated approximately 76% of its revenue from PEB contracts and around 23% from building materials in FY24.Till FY24 end, the company has order book in hand worth INR~1153 Cr.
For the year/period ended (Rs. in Cr.)
H1FY24 | FY23 | FY22 | |
---|---|---|---|
Total Revenue | 1306.32 | 1136.39 | 840.86 |
Profit After Tax | 86.34 | 81.46 | 17.13 |
EPS | 58.68 | 54.31 | 11.42 |
OPM (%) | 8.74% | 9.47% | 3.94% |
PATM (%) | 6.61% | 7.09% | 2.15% |
For year/ period ended ( in Cr.)
Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY23 |
Net Profits(Cr.) FY23 |
---|---|---|---|---|---|---|
Interarch Building Products Limited | 1497 | 900 | 3.34 | 15.33 | 1306.32 | 86.34 |
Everest Industries Ltd. | 1,687 | 1,068 | 2.78 | 103.36 | 1,575.45 | 18 |
HIL Ltd. | 2,012 | 2,669 | 1.59 | 0 | 3,374.97 | 35.37 |
NCL Industries Ltd. | 989 | 219 | 1.15 | 13.19 | 1,871.35 | 93.12 |
Interarch Building Products Limited is a niche player in the pre-engineered building (PEB) market with a strong order book. With the government’s focus on rapid infrastructure expansion and the demand for quality solutions, the growth potential for this sector is significant. The company looks attractive on valuation metrics like Margin and Return on Nertworth, Hence, Investor may subscribe for long term perspective
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