Interarch Building Solutions Ltd · NSE:INTERARCH
Interarch Building Solutions — Interarch Building Products — Q3 FY2025 Earnings Presentation
38 slides from Interarch Building Solutions's earnings presentation, February 2025
Slide 1: Interarch Building Products Limited
INTERARCH BUILDING PRODUCTS LIMITED February 2025 1
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Interarch Building Products Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 3: Contents
Contents 1 Performance Highlights – Q3 & 9M FY25 04 2 Company Overview 12 3 Industry Overview 16 4 Key Strengths 23 5 Growth Strategies 35 3
Slide 4: Performance Highlights Q3 & 9MFY25
Performance Highlights Q3 & 9MFY25 4
Slide 5: MD's Commentary
MD’s Commentary “We are pleased to report strong business growth in the third quarter of FY25, driven by higher volumes and improved order execution. Total revenue increased by 15.0% YoY to INR 364 Cr., leading to a 27.6% YoY rise in EBITDA and a 28.2% growth in PAT. Based on our inquiries and pipel
Slide 6: Q3FY25 Performance Highlights
Q3FY25 Performance Highlights Revenue (INR Cr.) Revenue Breakup – End User Industry (%) Industrial/Manufacturing Building +15% Infrastructure Others 364 316 0% 2% 0% 2% 12% 33% 86% 65% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 EBITDA (INR Cr.) & EBITDA Margins (%) PAT (INR Cr.) & PAT Margins (%) 8.7% 9.7% 7.0
Slide 7: 9MFY25 Performance Highlights
9MFY25 Performance Highlights Revenue (INR Cr.) Revenue Breakup – End User Industry (%) Industrial/Manufacturing Building +9% 990 Infrastructure Others 908 2% 0% 2% 1% 27% 23% 70% 75% 9M FY24 9M FY25 9M FY24 9M FY25 EBITDA (INR Cr.) & EBITDA Margins (%) PAT (INR Cr.) & PAT Margins (%) 8.1% 8.9% 6.2%
Slide 8: Order Book Details
Order Book Details Order Wins (Rs in Crs) Major Customers – End User Industry Orders booked between 28th October 2024 and 31st January 2025 405 Infrastructure Logistics Industrial Renewable 6% Order wins from Key Customers 26% Tata Projects (Tata Semiconductor) Rockwood Technical Insulations Tata Pr
Slide 9: Strategic Partnership with Jindal Steel & Power for Urban Infrastructure (JSPL)
Strategic Partnership with Jindal Steel & Power for Urban Infrastructure (JSPL) Interarch Building Products Limited To Promote Key rationale Interarch is a leader in turnkey pre-engineered ▪ Steel is the preferred material for modern urban Steel as preferred material for multi-story steel constructi
Slide 10: Recent Developments
Recent Developments R&D Work done in Engineering ▪ Development of customized tools to automate various tasks being done manually. Department ▪ This will result into increased efficiencies and productivity in engineering Optimizing Logistic Operations ▪ Introduction of new procurement platforms like
Slide 11: Profit & Loss Statement – Q3 & 9MFY25
Profit & Loss Statement – Q3 & 9MFY25 Particulars (INR Cr.) Q3 FY25 Q3 FY24 YoY 9M FY25 9M FY24 YoY Revenue from Operations 363.6 316.3 15.0% 990.3 907.8 9.1% Cost of Goods Solds 222.5 199.4 604.0 573.1 Employee Cost 38.5 31.5 107.2 86.8 Other Expenses 67.5 58.0 191.3 174.5 EBITDA 35.1 27.5 27.6% 87
Slide 12: Continuous Capacity Expansion will drive the Growth
Continuous Capacity Expansion will drive the Growth Inaugurated Phase 1 of its 5th State-of-the-Art PEB Manufacturing plant (4th fully integrated unit) in Athivaram, Andhra Pradesh Phase 1 – Commissioned on September 04, 2024 ▪ Phase 1 covers 4 acres out of the 10 acres of the plot and has been buil
Slide 13: Company Overview
Company Overview 13
Slide 14: Company Evolution
Company Evolution 2020-2023 2021: Expansion of Kiccha 1993 2005 Facility Introduced brand TRACDEK® for Set up of Pantnagar 2008 metal roofing and cladding Manufacturing Facility Set up of Kiccha Manufacturing 2023: Revenue from operations systems Facility cross Rs 1,000 crores(1) 1983 2000 2007 2009
Slide 15: Company Overview
Company Overview One of the leading turnkey pre-engineered steel construction solutions providers in India with integrated facilities for design and engineering, manufacturing, on-site project management capabilities for the installation and erection of pre-engineered steel buildings ("PEB") 2nd 3rd
Slide 16: Business Overview
Business Overview PEB Contracts PEB Sales 1. Metal Ceilings & Roofing ✓ TRAC® – Metal suspended ceiling systems ✓ TRACDEK® – Metal roofing & cladding systems ✓ TRACDEK® Bold Rib – Permanent / metal decking (lost shuttering) over steel framing Complete PEBs on a turn-key basis with on-site project ma
Slide 17: Industry Overview
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Slide 18: Global Pre-engineered Steel Buildings Market – Overview
Global Pre-engineered Steel Buildings Market – Overview Global Pre-engineered Steel Buildings Market USD Bn 32-34 Key Growth Drivers The industrial and commercial sector, the mainstay of the global PEBs market, is 22-24 expected to drive demand for pre-engineered steel buildings 19-21 15-17 Increasi
Slide 19: Indian Construction Sector – Overview
Indian Construction Sector – Overview Breakup of the Domestic Construction Sector Growth Drivers Infrastructure Building Construction Industrial/ Manufacturing INR 74-76 Tn 5-7% 24-26% INR ~46-48 Tn 8% Increased Smart City Growing Investments Increased Spending Favourable Urbanisation Mission in Ren
Slide 20: India's Pre-engineered Steel Buildings Market – Overview
India’s Pre-engineered Steel Buildings Market – Overview Pre-engineered Steel Building Industry in India Organised Sector Remains Superior to Unorganised Sector INR ~130 Bn INR ~195 Bn INR ~330-340 Bn 6.0-7.0% CAGR: 11-14% CAGR: 10-14% 7.5-8.5% 8.0-9.0% 40- 45% FY24E Other Top 6 Players 27.0-30.0% C
Slide 21: India's Pre-engineered Steel Buildings Market – Growth Drivers
India’s Pre-engineered Steel Buildings Market – Growth Drivers Low share of pre-engineered construction in overall construction indicates high growth potential Low steel consumption in India Share of pre-engineered construction in overall construction Apparent steel use (Kg per capita) for CY23 628
Slide 22: Pre-engineered Steel Buildings – Advantages and Cost Savings
Pre-engineered Steel Buildings – Advantages and Cost Savings Advantages of Pre-engineered Steel Buildings over Traditional Construction Cost Saving ✓ Cost-saving advantages of PEB increases as the span of the structure increases till an inflection TECHNICAL DIFFICULTIES AND SHORTAGE OF LABOUR IN TRA
Slide 23: Comparison Between RCC and Pre-engineered Steel Construction
Comparison Between RCC and Pre-engineered Steel Construction Parameter Traditional RCC Construction Pre-engineered Steel Construction MAJOR COMPONENT ✓ Concrete and reinforced steel bars ✓ Steel and metal accessories RAW MATERIALS USED ✓ Cement, steel, sand, bricks, etc ✓ Steel, anchors, channels, c
Slide 24: Key Strengths
Key Strengths 24
Slide 25: Key Strengths
Key Strengths Significantly integrated manufacturing Market position and established brand operations, backed by in-house design presence in the growing pre-engineered and engineering, on-site project steel building industry in India management and sales and marketing capabilities Demonstrated track
Slide 26: Market Position and Established Brand Presence (1/2)
Market Position and Established Brand Presence in The Growing Pre-engineered Steel Building Industry in India (1/2) 2nd 3rd 6.5% 677 40+ Years Largest aggregate installed Ranked among integrated Market share among Completed execution of Presence in the PEB capacity of 161,000 MTPA PEB players in Ind
Slide 27: Market Position and Established Brand Presence (2/2)
Market Position and Established Brand Presence in The Growing Pre-engineered Steel Building Industry in India (2/2) The PEB Market in India – Segments Growing Shift towards the Organised Sector CAGR for CAGR for FY24 FY19-FY24E FY24E-FY29P Others Rs ~130 Bn Rs ~195 Bn Rs ~330-340 Bn 15-20% 6.0-7.0%
Slide 28: Significantly Integrated Manufacturing Operations
Significantly Integrated Manufacturing Operations, Backed by In-house Design and Engineering, On-site Project Management and Sales & Marketing Capabilities Manufacturing Facilities Design & Engineering Centers Installed Utilizable Pantnagar (Uttarakhand) Set up Facility capacity capacity Year Kichha
Slide 29: Demonstrated Track Record of Execution Backed by On-site Project Management Capabilities
Demonstrated Track Record of Execution Backed by On-site Project Management Capabilities Extensive Track Record of Delivering Significant / Complex Projects across India AIRPORT HOSPITAL BUILDING TYRE MANUFACTURING INDUSTRIAL & LOGISTICS PARK At Delhi In Bangalore, Karnataka At Chennai, Tamil Nadu I
Slide 30: Experienced & Qualified Promoters and Management Team
Experienced & Qualified Promoters and Management Team Promoters ARVIND NANDA GAUTAM SURI VIRAJ NANDA ISHAAN SURI Managing Director Whole-time Director Non-Executive Director Non-Executive Director ▪ Responsible for overall business decision- ▪ Responsible for critical technical business ▪ Bachelors’
Slide 31: Diverse Customer Base and Long-standing Relationships with Key Customers
Diverse Customer Base and Long-standing Relationships with Key Customers Revenue from Operations by End-use Sectors Repeat Orders as a % of Revenue from Operations(1) Revenue from Top 5 Customer Groups Diverse Customer Groups featuring in Repeat Orders 26% 20% 19% 41% 1,293 1% FY22 1,124 2% 1% 835 2
Slide 32: Debt-free company with high cash reserves and strong financial performance
Debt-free company with high cash reserves and strong financial performance. Revenue from Operations (INR Cr.) & Growth Net Debt (INR Cr.) & Net Debt / EBITDA Ratio Net Debt Net Debt / EBITDA 1,293 1,124 (32) (41) (48) 835 (0.4x) (0.4x) (1.0x) FY22 FY23 FY24 FY22 FY23 FY24 EBITDA (INR Cr.) & EBITDA M
Slide 33: Profit & Loss Statement
Profit & Loss Statement Particulars (INR Cr.) FY24 FY23 FY22 Revenue from Operations 1,293.3 1,123.9 834.9 Cost of Goods Solds 823.8 732.5 564.8 Employee Cost 119.0 93.4 89.2 Other Expenses 237.6 191.7 148.0 EBITDA 113.0 106.4 32.9 EBITDA Margin 8.7% 9.5% 3.9% Other Income 13.0 12.5 5.9 Depreciation
Slide 34: Balance Sheet Statement
Balance Sheet Statement Assets (INR Cr.) FY24 FY23 FY22 Equity & Liabilities (INR Cr.) FY24 FY23 FY22 Non - Current Assets 240.4 211.3 190.2 Total Equity 444.6 399.3 318.3 Property Plant & Equipment 106.4 103.9 99.0 Share Capital 14.4 15.0 15.0 Capital work-in-progess 12.7 0.0 0.0 Other Equity 430.2
Slide 35: Cash Flow Statement
Cash Flow Statement Particulars (INR Cr.) FY24 FY23 FY22 Profit Before Tax 115.9 109.0 22.60 Adjustments for: Non -Cash Items / Other Investment or Financial Items 1.0 0.5 17.6 Operating profit before working capital changes 116.9 109.5 40.20 Changes in working capital -5.0 -58.4 -6.0 Cash generated
Slide 36: Growth Strategies
Growth Strategies 36
Slide 37: Growth Strategies
Growth Strategies Continue to invest in our technology Capitalize on industry tailwinds, Expanding geographical footprint to infrastructure to enhance in-house including through proposed expansion Expand customer base and increase cater to strategic markets in India and design and engineering and an
Slide 38: Thank You
Thank You Interarch Building Products Ltd. CIN – L45201DL1983PLC017029 Mr. Pushpendra Kumar Bansal/ Mr. Anil Kumar Chandani Email ID: pushpendra.bansal@interarchbuildings.com / anil.chandani@interarchbuildings.com www.interarchbuildings.com Investor Relations Advisors : http://www.sgapl.net/images/s
Interarch Building Products — Q3 FY2025 Earnings Presentation on 6ix