Interarch Build.

Interarch specializes in pre-engineered steel buildings, offering a comprehensive solution from design to erection. This integrated approach allows for optimized steel usage, high-quality factory-manufactured components, and faster project completion compared to traditional construction methods. The company leverages its 25-26 years of experience and strong relationships with clients and suppliers, positioning itself as a preferred partner for large, specialized, and new-age companies in sectors like lithium battery, EV, data centers, and renewables. Interarch emphasizes its 'building agnostic, industry agnostic, geography agnostic' capabilities, supported by continuous marketing and business development efforts.

To meet the rapidly growing demand, Interarch is significantly expanding its manufacturing capacity. A new heavy structure plant in Andhra Pradesh, designed to cater to data centers, high-rise buildings, and solar projects, is being commissioned in phases, with the first phase expected by July/August 2026. This plant aims to reach 40,000 tons capacity by March/April 2027, with plans to expand to 60,000 tons by November/December 2027. Additionally, a new PEB plant in Gujarat, which experienced a 1.5-month delay due to foundation issues, is now on track to commence commercial production by July 2026, adding ₹2,500 crores in PEB capacity.

Interarch Building Solutions delivered strong financial results for FY26, with revenue reaching ₹1,898 crores, marking a substantial 30% increase over the previous year. EBITDA grew 29% to ₹176 crores, maintaining a healthy EBITDA margin of 9.3% despite certain one-time^📎 provisions and extra costs. Profit After Tax (PAT) increased by 25% to ₹135 crores. The company noted that Q4 FY26 revenue was approximately ₹500 crores, with an 8.7% growth, which was lower than previous quarters as capacity was already fully utilized in Q3.

As of April 26, 2026, Interarch's order book stood at ₹1,700 crores, which is expected to be fulfilled within the next nine months. This book primarily comprises pre-engineered building (PEB) orders, with new heavy steel structure orders beginning to contribute. The company boasts a strong bid pipeline, with approximately ₹800-900 crores in serious bids expected to finalize within the next 60 days, and another ₹3,500 crores in bids awaiting decision within two to seven months, indicating solid future revenue visibility.

Interarch is actively diversifying into export markets, having secured approximately ₹40 crores in export orders over the last 12 months from regions like Africa, Canada, and Myanmar. The company has partnered with a Canadian firm to promote its PEB products in North America. Furthermore, an MoU was signed for a 50-50 joint venture in India to manufacture 'open web joy systems' specifically for export to the North American continent, addressing a significant market shortage and aiming for ₹100 crores in export orders for FY27.

The company experienced negative cash flow from operations in FY26, primarily due to stretched working capital. This was attributed to larger, milestone-driven orders from 'platinum clients' (e.g., Tata projects, Exide, Micron) which, while safe, extend receivables, and a strategic build-up of inventory in anticipation of steel price increases. Management is implementing measures to improve payment terms and accelerate cash collection. Despite these pressures, Interarch aims to improve its EBITDA margins, targeting 9.7% for FY27, through value chain optimization, customer selection, and internal productivity enhancements like automation.

Interarch projects FY27 revenue to be between ₹2,150-2,200 crores and aims for ₹2,500 crores by FY28. The company anticipates significant growth from non-industrial segments, including data centers, high-rise buildings, and renewables. A critical challenge identified for FY27 is the potential for manpower shortages, as increasing prosperity and government grants may reduce the availability of labor for construction sites. Interarch plans to address this through improved worker welfare, better site management, and increased automation in its manufacturing processes.