PEBSL, is a subsidiary of Pennar Industries (PIL) and is one of the leading custom-designed building systems solutions providers in India. PEBSL operations include: (i) Pre-engineered building systems, (ii) Design, supply and erection of solar module mounting structures, (iii) Design, manufacture, supply...

warehouse order for Amazon and 17floor commercial complex at Hyderabad. Half of its orders are from repeat customers and it is seeing improvement in order enquiry in solar, airports,warehousing,andhighrises.ItsBarodafacility,startedinMay2016,isabletocater to Madhya Pradesh, Gujarat, and north India. The increase in production at this facility, alongwithapickupinorderinflow,islikelytodriverevenue.PEBScanincreaseproduction...

9 Production atthirdparty Baroda factory on a jobwork basis (in PEBS) increased from 800tonnepermonthinQ1FY17to~1100tonnepermonthinAugust.Itissettingup greenfieldprojectof30,000mtpaatGujaratwithcapexofRs250mnbyFY17end. 9 Order book of Rs 4.1bn and has orders worth Rs 6.5bn in pipeline. The company receivedmajorordersfromShapoorji&Pallonji;,JBFindustries,HIL,TewariWarehouse...

Operating performance better than estimates, growth in value-added segments Margin improvement supported by high complex projects. Lower-than-expected execution; revenue was below estimates....

Pennar Engineered Building Systems or PEBSL, reported a healthy rise in 2QFY16 net revenue by 19.5% to Rs1,106mn. Gross margin improved 269bps to 44.9% led by the decline in the price of steel, which constitutes a significant portion of raw material costs for PEBSL. Following the improvement in gross margin and lower other expenses (a decline of 263bps as a percentage of sales), EBITDA margin rose 325bps to 11.8%. Led by strong revenue growth and improvement in operating margin, EBITDA rose 64.8% to Rs131mn. PAT improved by a strong 62.1% to Rs44mn despite the increase in tax rate to 53.6% (mainly because of prior-period adjustments made during the quarter) from 32.6%. Its current order book stands...

PEBSL (Pennar Engineered Building Systems), incorporated in FY08, is the secondlargest player in a short span in the fast-growing 13-year-old PEB (pre-engineered building) industry in India. With multifold advantages over conventional construction like lower costs, lower weight and faster execution by 20%-30% each, earthquake-resistant buildings, higher salvage value and better aesthetic appeal, the PEB industry is expected to post a 20.8% CAGR to Rs111.3bn over FY15-FY18E. With its strengths like a 147member engineering design team, much larger than sub-100 engineer team of top player Kirby, established track record in timely execution of complex projects, technical knowhow arrangement with NCI Group Inc. based in the US and a strong management team headed by Mr.P.V. Rao, ex-Kirby, with 34 years of work experience, PEBSL is in a...

PEBSL (Pennar Engineered Building Systems), incorporated in FY08, is the second-largest player in a short span in the fast-growing 13-year-old PEB (pre-engineered building) industry in India. With multifold advantages over conventional construction like lower costs, lower weight and faster execution by 20%-30% each, earthquake-resistant buildings, better control over quality, higher salvage value and better aesthetic appeal, the PEB industry is expected to post a 20.8% CAGR to Rs111.3bn over FY15-FY18E. With its strength like a 147-member engineering design team, much larger than sub-100 engineer team of top player Kirby, established track record in timely execution of complex projects,...

The company has established itself as a leading custom-designed building-systems solutions provider in its five years of operations with timely execution of more than 400 projects in sectors such as manufacturing, warehousing, and retail. PEBS has an in-house design and...