Euro Panel Products Limited is an India-based company primarily engaged in the manufacturing and global supply of Aluminum Composite Panels (ACP). Incorporated in 2013 and headquartered in Mumbai, the company operates a state-of-the-art factory in Umbergaon. Euro Panel Products is traded under the symbol EUROBOND on both the NSE and BSE. The company specializes in producing and distributing both standard aluminum composite panels and Aluminium Core Composite Panels (fire retardant), establishing itself as a significant player serving domestic and international markets.
Euro Panel Products has recently achieved a significant milestone: in July 2025, the NSE granted in-principle approval for the company's equity migration from the SME platform to the Main Board. This transition signifies the company's substantial growth and enhanced market standing, promising greater liquidity and broader investor access. Additionally, in July 2025, the company submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) regulations, demonstrating active adherence to regulatory requirements.
Euro Panel Products has demonstrated robust financial performance. For the financial year ended March 31, 2025, the company recorded a Profit After Tax (PAT) of INR 18.4 Crore, a notable 26% increase, on a revenue of ₹423 Crore. The company's growth trajectory is impressive, with revenue growing at a yearly rate of 29.61% over the last 5 years, significantly outperforming the industry average of 9.99%. Net income has also seen substantial growth, increasing at a yearly rate of 30.12% over the same period, compared to the industry's 9.76%. The company's market share has expanded from 0.07% to 0.17% in the last five years.
Market valuation metrics as of June 18-19, 2025, indicate a market capitalization of approximately ₹420.54 Cr. The company's Price-to-Earnings (P/E) ratio stands at 22.82, trading at a slight premium to its peers' median range. The stock has experienced volatility, with a 52-week high of ₹230 and a low of ₹144.85. Other key metrics include a P/B ratio of 3.16.
- Revenue: ₹423 Crores
- Profit After Tax (PAT): ₹18.4 Crores (26% increase)
- Total Asset Value: ₹281 Cr (as on 31-Mar-24)
- Return on Equity (ROE): 14.86% (last reported financial year, consolidated)
- Average Return on Equity (last 3 years): 13.2%
Euro Panel Products operates within the aluminium composite panel industry, a segment of the broader non-ferrous metals and aluminium manufacturing sector. The company's strategic integration of a coating line has been a key initiative, contributing to its improved profitability and operational efficiency. This focus on vertical integration enhances its competitive edge in both domestic and international markets, catering to diverse segments that demand high-quality aluminium composite panels.
The company maintains a strong shareholding structure, reflecting confidence in its long-term prospects. As of the last reported quarter, promoters hold a significant 63.4% of the total shares. Foreign Institutional Investors (FIIs) hold 0.9%, Domestic Institutional Investors (DIIs) hold 1.3%, and the public holds the remaining 34.4%. The leadership includes Rajesh Nanalal Shah as Chairman and Managing Director, supported by key management personnel such as Rahul Gada (Chief Operating Officer) and Ravindra Agarwal (Chief Financial Officer), with Sonal Dharmin Desai serving as Company Secretary.
Euro Panel Products Ltd has delivered a return of 21.5% over the last 3 years, presenting a positive outlook for medium-term investors. While the company consistently reports profits, it currently does not pay dividends, indicating a strategic focus on reinvesting earnings for continued growth and expansion.
The combination of strong revenue growth, improving profitability, and the recent transition to the NSE Main Board makes Euro Panel Products an attractive proposition for investors in the aluminium composite panel sector. The substantial promoter holding and consistent financial performance further enhance its investment appeal. However, prospective investors are advised to conduct thorough due diligence, considering current market conditions and industry dynamics.
