03-Nov-2026 09:55:03
EPACK PREFAB Q2 FY27: MAINTAINS ₹1,900–1,950 CR REVENUE GUIDANCE; ₹1,462.5 CR ORDER BOOK, ₹150 CR FY27 CAPEX & NEW GUJARAT PLANT TARGETED BY JAN–FEB 2027
• FY27 Revenue Guidance: Management maintains revenue target of ₹1,900–1,950 Cr, implying approximately 25–28% growth over FY26 • FY27 Margin Guidance: Targets EBITDA margin of 10.5% and PAT margin of 6–6.5% • FY27 Capex Guidance: Plans approximately ₹150 Cr capital expenditure, supporting manufacturing capacity expansion • Working Capital Guidance: Management targets reducing net working capital cycle to approximately 40 days during H2 FY27 from 60 days in H1 • Margin Performance: EBITDA margin stood at 10.1% versus 11.5% YoY and 9.4% QoQ, reflecting sequential recovery despite input-cost pressure • Record Order Book: Pending order book surged 59% YoY to ₹1,462.5 Cr, providing approximately 11 months of revenue visibility • Strong Order Inflows: H1 FY27 order inflows reached ₹1,124.3 Cr versus ₹655.6 Cr YoY • Major Order Win: Secured approximately ₹165 Cr order from Emvee, strengthening its renewable energy project portfolio • Gujarat Expansion: New greenfield manufacturing facility near Vithalapur, with approximately 50,000 MTPA Phase-1 PEB capacity, targeted to start by January–February 2027 • Ghiloth Expansion: Sandwich panel manufacturing line commissioned, with production scheduled to start in November 2026; overall IPO-funded project completion timeline extended to March 2027 • Mambattu Expansion: First brownfield expansion line commenced production in April 2026, with further capacity expansion planned • Manufacturing Capacity: Total PEB capacity reached 1,58,422 MTPA, while sandwich panel capacity stood at 21.1 lakh square metres annually • Capacity Utilisation: PEB capacity utilisation stood at approximately 77.8%, while sandwich panel utilisation reached 48.5% • H1 Financial Results: Revenue increased 18.9% YoY to ₹867 Cr, EBITDA grew 5.1% to ₹85.1 Cr and PAT increased 5% to ₹47.8 Cr • Margin Recovery Plans: Management expects gross margins to improve over coming quarters through revised pricing on new orders and long-term raw material sourcing arrangements • IPO Fund Utilisation: Utilised ₹208.5 Cr out of ₹300 Cr fresh issue proceeds, including ₹70 Cr towards debt repayment; ₹91.5 Cr remained unutilised as of September 2026 • Cash Flow Pressure: H1 operating cash outflow stood at ₹106.9 Cr versus inflow of ₹92.6 Cr YoY, driven by higher receivables and inventory investment • Balance Sheet: Company remained net cash positive at ₹25.4 Cr, with ICRA reaffirming its A+ credit rating • Future Growth Plans: Targeting higher business from renewable energy, data centres, semiconductors, EV-related manufacturing, logistics and industrial infrastructure
EPACK PREFAB TECHN LTD