Bansal Roofing Products Ltd. (**BRPL**) is a specialized manufacturer of **Pre-Engineered Building (PEB)** structures and comprehensive industrial roofing solutions. Established in **2011**, the company has evolved over **17 years** into a high-integration provider, delivering end-to-end services including design, fabrication, and installation for the industrial, commercial, and warehousing sectors. With over **350+ projects** completed globally, BRPL is a key player in India’s infrastructure and "Make in India" ecosystem. --- ### **Strategic Manufacturing Infrastructure & Capacity Scaling** The company has transitioned its core operations to a larger, modern facility to accommodate bulky PEB materials and scale production. The primary focus is now on **Unit II**, a **300,000 sq. ft.** facility that serves as the company’s operational hub. | Feature | Unit I (Initial Facility) | Unit II (Primary Facility) | |:---|:---|:---| | **Location** | Vadadala, Savli, Vadodara | Pratapnagar, Savli, Vadodara | | **Status** | **Non-operative** (Leased out) | **Operational** (Registered Office) | | **Area** | ~**18,000 sq. ft.** | ~**300,000 sq. ft.** | | **Current Capacity** | **300 MT** (Roofing) / **100 MT** (PEB) | **1,000 MT** per month (Total) | | **Future Target** | **₹3.15 Lakhs** monthly rental income | **2,000 MT** per month (Post-Phase V/VI) | | **Development** | Fully Completed | Phases **I through IV** complete; **V & VI** in progress | **Phased Expansion Roadmap:** * **Phase 3 (Aug 2024):** Expanded to **125,000 sq. ft.**, raising capacity to **800 MT**. * **Phase 4 (Jan 2025):** Commenced commercial production, reaching **1,000 MT** capacity. * **Phase 5 (In Progress):** Adding **26,000 sq. ft.** dedicated to shot blasting and painting to reach **100% utilization**. * **Phase 6 (In Progress):** Adding **10,000 sq. ft.** for light fabrication and storage. --- ### **Integrated Business Model & Revenue Segments** BRPL follows a high-integration model, manufacturing **95%** of PEB components in-house to ensure quality control and timely delivery. While **90%** of revenue is currently generated in **Gujarat** due to the bulky nature of the products, the company is expanding into **UP, Bihar, South India**, and recently opened a marketing office in **Mumbai**. **Revenue Contribution by Segment (FY 23-24):** 1. **Roll Forming Products (56.88%):** Automated manufacturing of roofing sheets and purlins. 2. **Structures (28.42%):** Conversion of steel plates into columns and beams for PEB sheds. 3. **Trading (~8.00%):** Direct purchase and sale of steel coils. 4. **Other Products (~7.00%):** FRP/Polycarbonate sheets and hardware accessories. **Comprehensive Product Portfolio:** * **Core PEB:** Factories, warehouses, and showrooms utilizing **BIM/3D modeling**. * **Roofing & Cladding:** Colour Coated, FRP, Polycarbonate (for natural lighting), and **PUF/XLPE Insulated Sheets**. * **Structural Components:** **"Z", "C" & Sigma Purlins**, Decking Sheets, and Perforated Sheets. * **Accessories:** Turbo ventilators, louvers, and ridge vents. --- ### **New Growth Verticals & Strategic Drivers** * **Solar Infrastructure Entry:** BRPL has invested in advanced roll-forming machinery for **Ground-mounted Solar Module Mounting Structures**. This vertical is projected to generate **₹5 Crores** in additional monthly revenue. * **Sandwich PUF Panel Line:** Planning a continuous production line with a capex of **₹20–25 Crores**, targeting an annual revenue potential of **₹120–150 Crores**. * **Sustainability:** Increasing reliance on **solar energy** for plant operations and aligning with **Green Building Practices**. * **Operational Efficiency:** Utilizing a **2-shift model** and strategic outsourcing to small-scale fabricators to handle demand surges without increasing fixed overheads. --- ### **Financial Performance & Deleveraging Trajectory** BRPL has demonstrated significant profitability growth and aggressive debt reduction, funding recent expansions primarily through **internal cash accruals**. | Particulars (₹ in Crore) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Revenue from Operations** | **96.57** | **105.58** | **93.25** | | **Operating EBITDA** | **9.30** | **6.66** | **7.08** | | **Profit After Tax (PAT)** | **5.53** | **3.55** | **4.17** | | **Net Worth** | **33.14** | **27.61** | **24.06** | | **Total Borrowings** | **2.24** | **4.26** | **6.51** | **Key Financial Highlights:** * **Profitability:** PAT grew by **55.67%** and Operating EBITDA by **39.66%** in the latest fiscal year. * **Debt Management:** Total borrowings reduced from **₹6.51 Cr** to **₹2.24 Cr** in two years. The company fully settled its **ECLGS loan** and pre-paid term loans. * **Efficiency Ratios:** Inventory turnover increased by **56.45%**, and the Net Capital Turnover ratio rose by **99.16%**. * **Credit Rating:** Holds **CRISIL SME 1** (Highest creditworthiness for SMEs) through **January 2026**. --- ### **Risk Mitigation & Operational Resilience** The company actively manages market and operational risks through structured frameworks and institutional partnerships. * **Steel Price Volatility:** Mitigated via **Just-in-Time (JIT)** inventory management. Stocks are purchased only against **confirmed orders** to protect margins. * **Labor Stability:** To counter skilled labor shortages, BRPL has built **16–18 houses** for **80 laborers**, provided canteen services, and is signing **MOUs** with **ITIs** and **Skill Development Centres**. * **Interest Rate Risk:** Successfully reduced interest spreads with **Axis Bank** to **200 bps** over Repo. A **1%** rate hike now only impacts PBT by **₹4.28 Lakhs**. * **Quality & Compliance:** **ISO 9001:2015** and **MSME ZED Gold** certified. Currently pursuing **ISO 14001** (Environment), **ISO 45001** (Health & Safety), and **ISO 50001** (Energy) for 2026. * **Currency Risk:** **Zero exposure**; no financial assets or liabilities are held in foreign currency. ### **Future Outlook** Management targets a future turnover of **₹200–250 Crores** upon the full completion and utilization of all Unit II phases. Growth will be underpinned by the expansion of logistics hubs under "Make in India," the high-margin solar mounting segment, and the upcoming continuous PUF panel line.