Stock in focus after partnering with Jindal Steel & Power to transform India’s urban infra

During Wednesday’s trading session, the shares of one of the leading turnkey pre-engineered steel construction solutions providers in India are in focus after announcing a strategic partnership with Jindal Steel & Power Limited (JSPL). 

With a market cap of Rs. 2,830.6 crores, the shares of Interarch Building Products Limited closed in the green at Rs. 1,701.05, up by nearly 0.8 percent, as against its previous closing price of Rs. 1,688.05. 

What’s the News: 

Interarch Building Products Limited, as per the latest regulatory filings with the stock exchanges, has announced a strategic partnership with Jindal Steel & Power Ltd (JSPL), a leading name in steel manufacturing. 

This partnership aims to transform India’s urban infrastructure by promoting the use of steel as the preferred material for multi-story buildings, data centres, and heavy structures. 

Combining Interarch’s expertise in Pre-Engineered Building (PEB) construction with JSPL’s advanced steel manufacturing capabilities, the partnership will deliver high-performance steel solutions. 

This joint effort aims to drive innovation in the construction industry by promoting sustainable and efficient urban development practices. 

Financials: 

Interarch Building Products reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 8.5 percent, rising from Rs. 298 crores in Q2 FY24 to Rs. 323.3 crores in Q2 FY25. 

During the same period, the company’s net profit increased from Rs. 15.2 crores to Rs. 20.7 crores, representing a growth of around 36.2 percent YoY. 

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Order Book & Management Guidance: 

As of 28th October, the company’s total order book stood at Rs. 1,303 crores. In Q2 FY25, Interarch Building Products secured orders worth Rs. 250 crores, with an additional Rs. 214 crores in orders post-Q2 FY25. 

Based on our inquiries and pipeline, the management anticipates revenue growth of around 10 percent in FY25, primarily driven by decent volume growth, followed by 10-15 percent growth in FY26.

Looking ahead, the company aims to maintain its growth trajectory and is targeting to double its revenue over the next 3-4 years. 

About the Company: 

Incorporated in 1983, Interarch Building Products Limited is one of the leading turnkey pre-engineered steel construction solutions providers in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings (PEB). 

The company has 2nd largest aggregate installed capacity of 1.61 lakh MTPA among integrated PEB players in India and ranked 3rd among integrated PEB players in India in FY23. 

It has completed the execution of 677 PEB Contracts from FY15 to FY24, and has received 81 percent of repeat orders in FY24. Interarch Building Products has 5 Manufacturing facilities in Uttarakhand, Andhra Pradesh & Tamil Nadu and 1 planned facility in Gujarat. 

Written by Shivani Singh

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