'Interarch Building Solutions, formerly Interarch Building Products (IBP), is a turnkey pre-engineered steel construction solutions provider, with integrated facilities for designing and manufacturing and on-site project management capabilities for installation and erection of pre-engineered steel buildings (PEB).
The product portfolio includes PEB materials such as metal ceilings and corrugated roofing, comprising metal suspended ceiling systems, sold as Trac. The roofing and cladding systems portfolio, TrackDek, includes hi-rib roofing & cladding system, klippon roofing and cladding System, and SS-2000 standing seam roofing system. The product portfolio includes permanent and metal decking (lost shuttering) over steel framing, TracDek Bold-Rib. Revenue from PEB contracts was 75.67% and PEB sales 23% in FY 2024.
The aggregate PEB capacity stands at 2.01 lakh topa post commissioning of the two phases of greenfield plant at Athivaram in Andhra Pradesh (AP) and capacity expansion of Kichha in Uttarakhand unit from 1,41,000 tpa. A PEB unit, with capacity of 40,000 tpa, is being set up at Kheda in Gujarat. The Kheda PEB facility will be the sixth unit in addition to the five operational plants: two at Sriperumpudur, Tamilnadu; one at AP, and one each at Pantnagar and Kichha in Uttarakhand. The Kheda unit is expected to get commissioned by Q2FY2027.
A heavy steel structure unit, with capacity of 45,000 tpa, is coming up at AP. Phase I will have capacity of 25,000 tpa and will be commissioned by Q2FY2027. This is in addition to the strategic partnership with Jindal Steel & Power (JSPL) to leverage expertise in design, engineering, manufacturing and project management alongside JSPL’s state-of-the-art manufacturing facilities for heavier structures, enabling the development of high-performance steel solutions. Together, the two aim to drive innovation in the construction industry by advocating for sustainable and efficient urban development practices.
The order stood at Rs 1685 crore on 31 January 2026, translating into 1.16 times the TTM sales ending December 2025, up from Rs 1634 core end October 2025. Orders worth Rs 559 crore were booked between 01 November and 31 January 2026.
PEB orders are not given two-three years ahead. At the same time, customers want deliveries within eight to nine months. Hence, the enhanced capacity is expected to meet the demand arising from industrial investment as well as data centres, Bess, and warehousing.
Commissioning of the 25,000 tpa Phase II capacity of the AP unit in September 2025 and the additional capacity of the Gujarat plant coming on stream next fiscal are set to drive growth.
The board on 02 February 2026 approved placing equity shares or other convertible securities with qualified institutional investors to raise up to Rs 100 crore. The proceeds from QIP will be used to fund capacity addition.
Standalone sales were up 44% to Rs 522.52 crore in Q3FY 2026 over Q3 FY 2025. With OPM nearly flat at 9.6% as compared with 9.7%, OP rose 43% to Rs 50.26 crore. Finally, Pat jumped 32% to Rs 37.26 crore.
Standalone sales were up 41% to Rs 1394.38 crore in 9MFY2026 over 9MFY2025. OPM stood flat at 8.9%. OP jumped 41% to Rs 123.56 crore. Finally, Pat increased 41% to Rs 97.92 crore. IBP continues to be net debt-free, with cash on books is about Rs 200 crore as of end December 2025.
With a healthy order book and strong order pipeline, backed by enhanced existing and upcoming capacity, the company is expected to see strong volume growth.
Volatility in steel prices does not significantly affect the margin as profit depends on the delta, which is constant, charged over the steel price. The benefit of operating leverage will kick in with increase in volume and better capacity utilization, thereby boosting the margin.
We expect IBP to register EPS of Rs 83.8 for FY2026 and Rs 100.9 for FY2027. The stock closed at Rs 2099 on the BSE on 09 February 2026.
'