Heavy Buying: Pre-Engineered Steel Construction Solution Provider Secures Order Worth Rs 634 Crore; Order Book Reaches Rs 1,350 Crore!
The company provides turnkey pre-engineered steel construction solutions in India.
Incorporated in 1983, Interarch Building Products Ltd has established itself as a leader in the Pre-Engineered Building (PEB) industry in India. On September 20, 2024, the company announced it had secured new orders worth Rs 633.5 crore in the current financial year.
During the first quarter, Interarch secured new orders worth Rs 341 crore. For the second quarter of FY25, as of September 14, 2024, the company added another Rs 293 crore to its order book. This brings the total order book to Rs 1,350 crore.
Key orders in Q1 FY25 included:
- Reliance Industries: Rs 114 crore
- Ampin Solar: Rs 60 crore
- IDVB Recycling: Rs 10 crore
- SMCC Construction: Rs 10 crore
- Uttam Bharat: Rs 11 crore
- Pinnacle Industries: Rs 11 crore
- Dantal Hydraulic: Rs 11 crore
- Vinplex Logistics: Rs 19 crore
- Brit Logistics: Rs 22 crore
- Tata Advanced Systems: Rs 14 crore
- Beumar India: Rs 26 crore
In Q2 FY25 (until September 14, 2024), key orders included:
- Amaraja Infra: Rs 50 crore
- Ashok Leyland: Rs 26 crore
- Brit Logistics: Rs 19 crore
- Maccabee India: Rs 12 crore
- Shree Sai Ganesh: Rs 11 crore
On Friday, the shares of Interarch Building Products Ltd rallied and hit a 52-week high and finally closed the day at around Rs 1325.50 per share on the BSE. The company’s current market capitalization stands at Rs 2205.69 crore. Additionally, the shares have delivered an impressive multibagger return of around 50 per cent compared to the IPO price of Rs 900 each.
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As per the Quarterly Results Q1 FY25, Interarch Building recorded a revenue of Rs 303 crore compared to Rs 294 crore. The operating profit stood at Rs 27 crore. The net profit stood at Rs 20 crore compared to a profit of Rs 19 crore. Looking at the annual performance, the company generated a revenue of Rs 1293 crore in FY24. The operating profit for FY24 was Rs 120 crore with an operating profit margin of 9 per cent with a net profit of Rs 86 crore compared to Rs 81 crore in FY23.
According to the shareholding pattern of the company, the promoters hold a significant 59.90 per cent stake while public investors own 23.25 per cent of the shares. FIIs and DIIs hold a 4.45 per cent and 12.38 per cent stake in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.