EPack Prefab Technologies LtdQ4 FY27
EPack Prefab Technologies Ltd Q4 FY27 Earnings Call Analysis
Revenue, margin, capex, fundraise and order book outlook from management commentary.
Price: ₹240P/E: 21.8Market Cap: ₹2.0K CrSector: Industrial Manufacturing
Management growth scorecard
Revenue
Category 2
Margin
Category 3
Fundraise
N/A
Order
Yes
Capex
Yes
2 of 4 growth signals are positive.
Full analysisRevenue guidance
Category 2- →EPACK Prefab Technologies Limited targets a minimum revenue growth of 20% CAGR over the next few years.
- →Revenue guidance for FY27 is around Rs. 1,800 crores, reflecting at least 20% growth over FY26.
- →The company is optimistic about booking large new orders, supported by a strong order book of Rs. 1,215 crores and good market leads.
- →Volume-wise, the company reported approximately 70,000 to 74,000 tons of structural steel in nine months, with plans to scale up as new plant capacities come online.
- →Capacity is being expanded, including commissioning 33,000 tons capacity in Mumbattu and Ghiloth, and setting up a new 50,000-ton capacity plant in Gujarat.
- →The firm foresees improving utilization rates and steady-state ROE of around 17-18%, with ROC expected to reach 22-25% in coming years.
Margin guidance
Category 3- →The company expects revenue growth at a 20% CAGR in the near term, targeting around Rs.1,800 crores for FY27, reflecting at least a 20% increase over FY26.
- →Operating margins (OPM) guidance is maintained at 10.5% to 11.5% in the medium term.
- →Return on Equity (ROE) is projected to rise to approximately 17% to 18% post-CAPEX stabilization.
- →Return on Capital (ROC) is expected to improve and reach steady-state levels of around 22% to 25% in the next few years.
- →CAPEX planned for capacity expansions (notably Gujarat plant) will cause a temporary blip in FY27 ROE but expected to normalize afterward.
- →The company aims to sustain strong growth driven by demand in renewable, electronics, and warehousing sectors, with repeat customers forming a substantial part of order book ensuring steady profits.
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Fundraise plans
- →The company raised around Rs.70 crores from its IPO to repay borrowings, which has been done (Page 23).
- →As of December 31, 2025, the company has reduced term loans from Rs.220 crores earlier to around Rs.45 crores, and working capital loans are about Rs.80 crores, totaling ~Rs.125-127 crores debt (Page 23).
- →No explicit mention of any upcoming or planned new fundraising through debt or equity in the discussed Q3/near-term period.
- →The company is utilizing proceeds from the IPO and private equity investment mainly for CAPEX, including expansion projects like the new Gujarat plant (Page 19, 17).
- →Overall, no clear indication of fresh debt or equity raising plans in the immediate future within the provided transcript.
Order book
Yes- →Current order book stands at approximately Rs.1,215 crores, entirely from the prefab segment.
- →Packaging segment operates on long-term agreements rather than specific orders, with fixed pricing and quantities.
- →The order book breakup: ~Rs.1,000 crores in Pre-Engineered Buildings (PEB) and around Rs.200-215 crores in sandwich panels and smaller prefab structures.
- →Execution timeline for the order book is roughly 7-8 months.
- →The company has a strong pipeline with good leads across sectors like renewable energy, building materials, cement, automobile, electronics, FMCG, pharma, and logistics warehousing.
- →About 25-28% of the order book comes from the renewable sector.
- →Expectation of booking large orders during the last quarter of FY26, supported by strong enquiries nationwide.
Capex plans
Yes- →Current CAPEX of approximately Rs.56-57 crores from IPO proceeds is being utilized to commission new capacity of 33,000 tons across two locations: Mumbattu and Ghiloth within Q4 FY26.
- →A sandwich panels production line with 8 lakh square meters capacity is being set up at the Ghiloth plant, expected to be commercialized in Q3 FY27 (delays due to NGT ban and Delhi NCR graft).
- →Additional CAPEX of Rs.40 crores has been invested to acquire 39 acres of land in Vithlapur, Gujarat.
- →Planned CAPEX of Rs.55-60 crores for setting up a new capacity of 50,000 tons in Gujarat in the next financial year (FY27).
- →Overall, FY27 CAPEX includes IPO CAPEX utilization for expansions in Mumbattu and Ghiloth plus the new Gujarat plant investment.
How does EPack Prefab Technologies Ltd rank vs peers in Industrial Manufacturing?
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