Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹3,343Cr
Pre-Engineering Buildings
Rev Gr TTM
Revenue Growth TTM
35.04%
| Quarter | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | | | 3.3 | 8.6 | 15.0 | 20.3 | 25.5 | 51.9 | 43.7 |
| 269 | 279 | 289 | 348 | 276 | 298 | 329 | 415 | 349 | 449 | 472 |
Operating Profit Operating ProfitCr |
| 8.6 | 6.4 | 8.7 | 9.8 | 8.9 | 7.8 | 9.7 | 10.5 | 8.3 | 8.5 | 9.6 |
Other Income Other IncomeCr | 3 | 4 | 5 | 5 | 3 | 5 | 6 | 7 | 10 | 6 | 4 |
Interest Expense Interest ExpenseCr | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 5 | 3 | 3 | 4 |
| 26 | 20 | 30 | 40 | 27 | 27 | 38 | 50 | 38 | 44 | 50 |
| 6 | 5 | 8 | 10 | 7 | 7 | 9 | 12 | 9 | 11 | 13 |
|
Growth YoY PAT Growth YoY% | | | | | 4.5 | 36.2 | 28.2 | 30.2 | 39.9 | 56.2 | 32.1 |
| 6.6 | 5.1 | 7.0 | 7.7 | 6.7 | 6.4 | 7.8 | 8.3 | 7.5 | 6.6 | 7.1 |
| 12.9 | 10.1 | 15.3 | 20.6 | 14.1 | 13.5 | 16.9 | 23.3 | 17.1 | 19.3 | 22.2 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 3.0 | -19.9 | 45.0 | 34.6 | 15.1 | 12.4 | 27.8 |
| 684 | 669 | 559 | 802 | 1,018 | 1,180 | 1,318 | 1,686 |
Operating Profit Operating ProfitCr |
| 2.1 | 7.1 | 2.9 | 3.9 | 9.5 | 8.7 | 9.4 | 9.3 |
Other Income Other IncomeCr | 5 | 4 | 7 | 6 | 12 | 13 | 21 | 27 |
Interest Expense Interest ExpenseCr | 5 | 5 | 2 | 4 | 3 | 2 | 2 | 3 |
Depreciation DepreciationCr | 5 | 5 | 5 | 12 | 7 | 8 | 12 | 15 |
| 9 | 45 | 18 | 23 | 109 | 116 | 143 | 182 |
| 2 | 6 | 4 | 5 | 27 | 30 | 35 | 45 |
|
| | 472.9 | -65.0 | 23.7 | 375.5 | 5.9 | 25.0 | 26.7 |
| 1.0 | 5.5 | 2.4 | 2.0 | 7.3 | 6.7 | 7.4 | 7.3 |
| 4.6 | 26.4 | 9.2 | 11.4 | 54.3 | 58.7 | 68.5 | 81.8 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 15 | 15 | 15 | 15 | 15 | 14 | 17 | 17 |
| 177 | 217 | 230 | 303 | 383 | 427 | 729 | 784 |
Current Liabilities Current LiabilitiesCr | 184 | 163 | 138 | 198 | 254 | 300 | 352 | 443 |
Non Current Liabilities Non Current LiabilitiesCr | 17 | 20 | 20 | 27 | 22 | 10 | 10 | 7 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 260 | 261 | 267 | 354 | 464 | 515 | 759 | 843 |
Non Current Assets Non Current AssetsCr | 133 | 153 | 136 | 190 | 211 | 240 | 355 | 407 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -15 | 63 | 39 | 26 | 31 | 82 | 54 |
Investing Cash Flow Investing Cash FlowCr | 18 | -31 | -35 | 9 | -19 | -32 | -223 |
Financing Cash Flow Financing Cash FlowCr | 3 | -40 | -3 | 0 | 6 | -46 | 192 |
|
Free Cash Flow Free Cash FlowCr | -19 | 49 | 34 | 22 | 18 | 63 | -12 |
| -210.8 | 159.9 | 278.2 | 152.8 | 38.4 | 94.5 | 49.7 |
CFO To EBITDA CFO To EBITDA% | -97.9 | 124.7 | 228.9 | 79.6 | 29.4 | 72.1 | 39.3 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 0 | 0 | 0 | 2,477 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 23.0 |
Price To Sales Price To Sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.7 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.3 |
| 1.3 | -0.4 | -3.9 | -2.5 | -0.9 | -1.1 | 16.9 |
Profitability Ratios Profitability Ratios |
| 34.4 | 42.8 | 37.0 | 32.4 | 34.8 | 36.3 | 38.9 |
| 2.1 | 7.1 | 2.9 | 3.9 | 9.5 | 8.7 | 9.4 |
| 1.0 | 5.5 | 2.4 | 2.0 | 7.3 | 6.7 | 7.4 |
| 6.1 | 21.2 | 7.9 | 8.3 | 26.8 | 25.9 | 19.0 |
| 3.6 | 17.1 | 5.6 | 5.4 | 20.4 | 19.5 | 14.5 |
| 1.8 | 9.6 | 3.4 | 3.1 | 12.1 | 11.4 | 9.7 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
**Interarch Building Solutions Limited**, established in 1983, is one of India’s leading integrated turnkey providers of **pre-engineered steel construction solutions (PEBs)**. With over four decades of experience, the company has evolved from a pioneer in metal interiors to the **second-largest integrated PEB player in India by installed capacity**, holding a 6.5% market share in the organized PEB sector.
Interarch operates a fully integrated, end-to-end business model—covering **design, engineering, manufacturing, and on-site project management**—delivering high-performance, sustainable, and scalable building solutions for both industrial and non-industrial sectors. The company is industry-agnostic and serves a diverse client base across automotive, logistics, data centers, semiconductors, solar energy, FMCG, healthcare, and infrastructure.
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### **Core Business Segments**
1. **Pre-Engineered Steel Buildings (PEBs):**
- Core revenue driver, offering customized, lump-sum turnkey solutions.
- Key applications: Warehouses, manufacturing plants, airport terminals, logistics parks.
- Notable projects: Terminal 3 at Indira Gandhi International Airport (Delhi), Dharwad EV plant, world’s largest eyewear and robot manufacturing facilities.
- Uses proprietary technologies and software for optimized, fast-deployable structures.
2. **Interarch Life – Non-Industrial Buildings:**
- Offers **load-bearing wall framing systems** based on **drywall construction**.
- Designed to be **earthquake- and termite-resistant**, with flexibility for **dismantling, reassembly, and customization**.
- Targets residential, commercial, educational, and institutional projects.
3. **Heavy Steel Structures & Expansion into New Segments:**
- Entering high-rise buildings, multi-story structures, data centers, EV infrastructure, and renewable energy plants.
- Building dedicated heavy steel structures plants to cater to capital-intensive projects.
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### **Strategic Developments (Nov 2025 Update)**
#### **1. Strategic Partnership with JSPL (Jindal Steel & Power Limited)**
- A landmark collaboration to **promote steel as the preferred material** for **multi-story buildings, data centers, and heavy infrastructure**.
- Combines **Interarch’s design, engineering, and project management expertise** with **JSPL’s heavy steel production capabilities**.
- Joint initiatives include:
- Marketing campaigns for steel-based urban development.
- Technical training programs.
- Advocacy for policy support to boost steel adoption in construction.
#### **2. Commissioning of Phase II – Andhra Pradesh Plant**
- The **Athivaram, Andhra Pradesh facility is now Interarch’s 4th fully integrated PEB plant**.
- Phase II commissioning adds 25,000 MTPA capacity; total plant contribution: **60,000 MTPA in two phases**.
- Brings **total installed capacity to 200,000 metric tons per annum**, reinforcing leadership in the PEB industry.
#### **3. New Manufacturing Facilities**
- **Gujarat Plant (Kheda):**
- Under development on **12-acre land**, with an estimated investment of ₹70 crore.
- Initial capacity: **40,000 MT/year**.
- Strategically located near semiconductor, EV, renewable, and data center hubs.
- Designed to be one of India’s most automated and synchronized PEB facilities.
- Expected to create **over 400 direct and indirect jobs**.
- **Heavy Steel Structures Plant (Athivaram, AP):**
- Being built on **20 acres of adjacent land**, acquired for ~₹20 crore.
- Will serve high-growth sectors: **semiconductors, EVs, renewables**, and **data centers**.
- Expected to be operational by **July–September 2026**.
#### **4. Financial & Operational Performance**
- **Q2 FY26 Revenue:** ₹491 crore (**+51.9% YoY**).
- **EBITDA & PAT Growth:** +65.1% and +56.2% YoY, respectively.
- **Order Book (as of Oct 31, 2025):** ₹1,634 crore.
- ₹463 crore in new orders (Aug–Oct 2025).
- **80–85% from repeat customers**.
- Notable clients: **Havells, Rungta Mines, Techno Electric, Jindal Stainless**.
- **Repeat Order Rate (FY25):** **82%**, reflecting strong customer retention.
#### **5. Key Projects & Client Portfolio**
- Executed **756 PEB contracts from FY15 to FY25**.
- High-profile clients include:
- **Reliance, Tata Group, Havells, ONGC, L&T, PepsiCo, Coca-Cola, Flipkart, Amazon, Ashok Leyland, Saint-Gobain**.
- Notable Projects:
- **Terminal 3, Delhi Airport** (used 8,000 MT steel, 1.2M sqm roofing; reduced steel use by 30%, construction time by 50%).
- **Tata Electronics Semiconductor Plant (Sanand)**.
- **India’s first and second lithium battery plants** (Exide, Agratas).
- **High-pressure industrial plant in Khandala** (3,000 MT steel, 70,000 sqm roofing, TRACDEK® systems).
#### **6. Market Position & Growth Strategy**
- **Capacity Expansion:**
- Current: **200,000 MT/year**, up from 161,000 MT in 2024.
- Driven by Phase II AP, Kiccha expansion, and upcoming Gujarat plant.
- **Geographical Reach:**
- National presence: 5 manufacturing plants (Uttarakhand, Tamil Nadu, Andhra Pradesh).
- 6th plant in Gujarat to complete **pan-India footprint**.
- Nationwide installation network: Assam to Kashmir, Punjab to South India.
- **Sector Diversification:**
- Expanding into **data centers (60% faster construction vs traditional)**, semiconductors, renewables, and multi-story commercial buildings.
- Positioning PEBs as **sustainable, scalable, and resilient** for **Industry 4.0 infrastructure**.
#### **7. Innovation & Technology**
- **In-house engineering team of 128 structural engineers** using **STAAD Pro, Tekla, AutoCAD, FrameCAD**.
- **Proprietary design & costing tools** enable **lump-sum bidding** and **steel optimization**.
- Digitized workflows ensure transparency and consistency in structural design.
- **Light Gauge Framing Systems (LGFS)** for non-industrial buildings using C- and Z-sections with bolted connections for modular assembly.
#### **8. Manufacturing & Supply Chain Excellence**
- All structural components (columns, beams, purlins, cladding, roofing) **manufactured in-house**.
- **No on-site welding or cutting**—**nuts-and-bolts assembly only**, ensuring faster, cleaner, and safer construction.
- **TRACDEK® Roofing Systems** (Hi-Rib, Klippon, SS-2000 Standing Seam) offer corrosion resistance, thermal efficiency, and durability.
- **TRAC® Suspended Ceiling Systems** – recyclable, humidity-resistant, ideal for hygienic environments.
#### **9. Sustainability & ESG Initiatives**
- PEBs reduce construction time, material waste, and carbon footprint vs. conventional methods.
- **Recyclable steel structures** align with green building norms (IGBC certified projects).
- **1 MW rooftop solar plants** installed (Kiccha, Pantnagar); more underway in AP and Tamil Nadu.
- Projects incorporate **solar-reflective roofing, low-VOC paints, natural lighting**, and **energy-efficient ventilation**.
#### **10. Future Outlook & Strategic Goals**
- **Financial Targets:**
- Projected revenue of **₹2,300–2,400 crore by FY27–28**.
- **Double revenue in next 3–4 years**.
- Target **10–15% YoY growth in FY26**.
- **Expansion Plans:**
- **Gujarat plant operational by Q1 FY26–27**.
- Two new **engineering centers** in **Bangalore and Kochi** to boost export capabilities.
- **International Growth:**
- Exploring markets in **Central Asia, West Asia, Africa, and North America**.
- Partnership with **Moldtek Technologies (MTTL)** to co-pursue global PEB projects.
- **Organizational Strengths:**
- **Zero net debt, net cash-positive** balance sheet.
- **Efficient working capital management**.
- **Strong talent retention strategy** (ESOPs introduced for key employees).
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### **Key Differentiators**
| Factor | Competitive Advantage |
|------|------------------------|
| **Integrated Model** | Full control over design, engineering, manufacturing, and execution. |
| **In-House Capabilities** | 100% vertical integration; no dependency on third-party fabricators. |
| **Speed & Efficiency** | PEB construction up to **60% faster** than conventional methods. |
| **Customization & Flexibility** | Industry-agnostic, design-to-delivery solutions for any use case. |
| **Customer Trust** | 82% repeat order rate; long-standing relationships with top corporates. |
| **Technology & Innovation** | Advanced software, automation, and R&D-driven design optimization. |
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### **Contact & Operations**
- **Registered Office:** New Delhi
- **Corporate Office:** Noida, Uttar Pradesh
- **Manufacturing Locations:** Pantnagar & Kiccha (Uttarakhand), Sriperumbudur (Tamil Nadu), Athivaram (Andhra Pradesh), Gujarat (under development).
- **Website:** [www.interarch.com](https://www.interarch.com)
- **CIN:** Available on website and regulatory filings.
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