Interarch Building Solutions Ltd. share price target

Q2FY26 performance: Interarch reported strong Q2FY26 performance with consolidated revenues growth of 51.9% YoY (up 29% QoQ) at 491 crore led by strong execution aided by new capacities and improved productivity across old capacities. Consolidated EBITDA margins were up 70 bps YoY (up 20 bps QoQ) at 8.5%. Overall, its consolidated EBITDA/PAT were up 65.1%/56.2% YoY at 42...

A Seasoned player in an under-penetrated PEB industry: Interarch has more than four decades experience in an under-penetrated PEB industry (~3-5%), which is expected to grow at ~9.5-10.5% CAGR over FY25EFY30E, potentially reaching 33,000-34,500 crore from 21,000 crore (~8.3% CAGR over FY19-FY25E). Interarch holds commanding position (only second to Kirby) with ~7% market share in an industry where top 6-7 players hold 80-85% market share of organised pie (42-47% as on FY25). It is expected to capitalise (outpacing industry growth) from the rising domestic steel consumption (industrial/manufacturing, infrastructure, and...

Issue Snapshot: Issue Open: August 19 August 21, 2024 Price Band: Rs. 850 900 (Discount of Rs 85 per share for all eligible employees) *Issue Size: Up to Rs 600.29 cr (including Fresh issue of Rs 200 cr + Offer for sale of 4,447,630 eq share including employee reservation of upto Rs.2 cr Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 10 Book value: Rs 268.80 (March 31, 2024) Bid size: - 16 equity shares and in multiples thereof 100% Book built Issue IPO Note-Interarch Building Products Limited