EPACK Prefab Technologies Limited – Investor Presentation Summary

Key Operational Highlights

  • PEB built-up capacity of 158,422 MTPA is 100% utilized across all units as of October 30, 2026
  • Sandwich panel capacity stands at 2.1 million panels
  • Ghiloth greenfield facility commissioning completed with production starting November 2026
  • Mambattu brownfield Line 1 has been in production since April 2026
  • Gujarat Phase 1 expansion likely to start in January/February 2027

Key drivers of operational performance: Strong execution capabilities, regional expansion strategy, and focus on sectors requiring rapid construction timelines

Financial Highlights

Revenue: ₹8,670 Mn (H1 FY27)

EBITDA: ₹851 Mn (H1 FY27)

PAT: ₹478 Mn (H1 FY27)

EPS: Not Specified

Margins: EBITDA margin 9.8%, PAT margin 5.5%

YoY/QoQ comparison: Revenue growth 18.9% YoY, Q2 revenue of ₹5,011 Mn was 37% higher than Q1 FY27 and represents highest quarterly revenue

Drivers of financial performance: Revenue growth led by prefab execution, gross margin compression due to steel price volatility and input cost inflation, operating leverage benefits with other expenses reducing to 12.1% of revenue from 13.1%

Comparison to market estimates: Not Specified

Key Risks: Raw material price volatility, working capital requirements for large projects, geopolitical conditions affecting input costs

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Regional Breakdown: Order booking shows diversification across regions with specific focus on North India through Ghiloth facility and West India through Gujarat expansion

Balance Sheet Snapshot

Net Debt/Equity: Net cash positive ₹254 Mn

Reserves: ₹7,633 Mn (as at September 30, 2026)

Current Assets/Liabilities: Current assets ₹10,801 Mn, current liabilities ₹6,949 Mn

Working Capital/Leverage Metrics: Working capital increased during H1 due to execution of large renewable and industrial projects

Financial Health Insights: A+ rating reaffirmed by ICRA, focus on reducing working capital to ~40 days in H2 FY27

Capex & Cash Flow Health

Capital Expenditure: FY27 guidance of approximately ₹150 Cr, ₹2,085 Mn of ₹3,000 Mn IPO proceeds utilized till September 30, 2026

Free Cash Flow: Not Specified

Operating Cash Flow: Net cash from operating activities was negative ₹1,069 Mn in H1 FY27 due to working capital investments

Net Debt Movement: Net cash position of ₹254 Mn maintained

Investment Rationale: Capacity expansion in strategic locations (Mambattu, Ghiloth, Gujarat) to meet growing demand

Strategic & R&D Initiatives

Investments in Innovation: Focus on enterprise-level systems and in-house design efficiency to improve turnaround and profitability

Expected impact on growth: New orders being priced with suitable revisions to restore margins, long-term sourcing arrangements being implemented

Strategic Rationale: Expanding into high-growth sectors including renewables, data centers, semiconductors, power and energy including EV, and logistics where speed of construction is critical

Industry Trends & Business Environment

Macro/Industry Trends: Warehousing and cold storage expected to attract investments of ₹460-500 billion between FY25-FY29E; India data center capacity to grow at 30% CAGR to 2000-2300 MW by FY27 from 900-950 MW in FY24; India Semiconductor Mission with ₹76,000 crore outlay

Impact on Company: Increasing penetration of PEB in data centers, growing focus on renewable energy fueling demand for prefab structures, semiconductor mission creating new opportunities

Management Commentary & Growth Outlook

Strategic Outlook: "Prefab is evolving from a niche product into a bottleneck solution for India's construction and infrastructure needs"

FY Guidance: Revenue ₹19,000-19,500 Mn, EBITDA margin 10.5%, PAT margin 6.0% to 6.5%, Capex approximately ₹150 Cr, Net Working Capital ~40 days

Market Share Targets: Currently holds 8% market share in EPS segment in India

Risks and Opportunities: Price revisions on new orders and long-term sourcing arrangements expected to restore margins over coming quarters, focus on operational efficiencies to maintain cost structure