Interarch Building Solutions Limited, incorporated in 1983, stands as a premier provider of turnkey pre-engineered steel construction solutions in India. Formerly known as Interarch Building Products Limited, the company rebranded to Interarch Building Solutions Limited in March 2025 and is headquartered in Noida, India. It is a leading provider of integrated facilities for design and engineering, manufacturing, and on-site project management for the installation and erection of pre-engineered steel buildings. The company ranked 3rd in operating revenue from the PEB business in FY2024 among integrated Indian players. With a robust track record spanning over 30 years, Interarch operates under its established brands, TRACDEK® and TRAC®.
As of recent data, Interarch Building Solutions commands a market capitalization of ₹3,870 crore, with revenues of ₹1,454 crore and profits of ₹108 crore. The company maintains a significant promoter holding of 59.9%. Interarch has demonstrated impressive profit growth with a Compound Annual Growth Rate (CAGR) of 22.4% over the last 5 years.
For the financial year ending March 2024, the company reported revenues of ₹13,063 million, indicating a growth of 14.4% compared to ₹11,420 million in FY23. Net profit stood at ₹863 million in FY24, a rise of 5.9% from ₹815 million in FY23. Over the past 5 years, revenue has grown at a CAGR of 15.9%, while net profit has grown at a CAGR of 21.5%.
The company's quarterly performance has been consistently robust. In Q4 FY25, net profit surged by 30.24% to ₹38.68 crore compared to the same period in the previous year. Standalone net profit jumped 30.2% to ₹38.68 crore on a 20.2% increase in revenue from operations to ₹463.51 crore in Q4 FY25. For Q3 FY25, net profit increased by 28.24% to ₹28.20 crore, while revenue grew by 14.95% to ₹369.28 crore.
Interarch Building Solutions offers a comprehensive range of pre-engineered steel building (PEB) contracts and metal ceiling solutions. This includes metal suspended ceiling systems, metal roofing and cladding systems, and permanent/metal decking over steel framing. The company also provides PEB steel structures, encompassing primary and secondary framing systems, light gauge framing systems, and complete PEBs, including non-industrial buildings suitable for farmhouses and residential use.
The company delivers PEBs through dedicated pre-engineered steel building contracts and the direct sale of pre-engineered steel building materials. Key offerings include metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems. Notable clients in the industrial/manufacturing construction category include prominent names such as Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, and Timken India Limited.
As of March 31, 2023, Interarch held the second-highest installed capacity for PEB manufacturing in India, with an annual capacity of 141,000 metric tonnes. In FY23, the company maintained a 6.1% market share in operating income among integrated PEB players in India. Interarch is experiencing robust growth, driven by a strategic focus on the pre-engineered building sector, particularly within emerging industries like renewable energy and data centers. The company boasts a strong order book of approximately ₹1,650 crores.
While challenges exist in meeting escalating demand due to current production limitations and rising operational costs, Interarch is actively investing in automation and expanding its manufacturing capabilities. The company is also pursuing larger contracts to enhance its profit margins.
Interarch Building Solutions' Initial Public Offering (IPO) was highly successful, subscribed 93.46 times during the three-day bidding period from August 19 to August 21, 2024. The ₹600-crore public offer received bids for 43,87,96,464 equity shares against 46.91 lakh shares on offer. The shares debuted at a premium of 44.3% against the issue price of ₹900 per share on the NSE and subsequently gained 43.4% on the BSE.
More recently, Interarch Building Solutions secured an ₹80 crore order from Ather Energy for pre-engineered steel building systems, with a projected completion timeline of nine months.
The stock currently trades at a Price-to-Earnings (P/E) ratio of 35.9. It has a book value of ₹452, a Return on Capital Employed (ROCE) of 23.6%, and a Return on Equity (ROE) of 18.0%. The company is virtually debt-free, underscoring its strong financial health. The 52-week high for the stock is ₹2,371, and the 52-week low is ₹1,110.15.
Interarch showcases exceptional financial performance with an annual revenue growth of 15%, an ROE of 19%, and a maintained debt-free status, reflecting a robust balance sheet. According to analyst recommendations, 100% of analysts suggest a 'BUY' rating, with an average target price of ₹3,000, indicating a potential upside of 45.84%.
