Interarch Building Products Ltd - Stock Valuation and Financial Performance

The company was originally incorporated as “Luxalon Building Products Private Limited”, a private limited company under the Companies Act, 1956, in New Delhi, pursuant to a certificate of incorporation dated November 30, 1983 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi. The name of the company was changed to “Interarch Building Products Private Limited” pursuant to a Board resolution dated January 24, 1985 and a special resolution dated April 13, 1985 passed by the Shareholders, consequent upon which, a fresh certificate of incorporation dated August 9, 1985 was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi. This change was undertaken as the Company had started marketing of other brands of international architectural building products. Subsequently, in accordance with Section 43A(1A) of the Companies Act, 1956, the company became a deemed public limited company with effect from July 1, 1996 and the name of the company was changed to “Interarch Building Products Limited”. The company’s Board took noting of such conversion pursuant to resolution approved on August 25, 1997 consequent upon which, the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi endorsed such conversion on the certificate of incorporation dated August 9, 1985 with effect from July 1, 1996. Pursuant to the amendment in Section 43A of the Companies Act, 1956 by Companies Amendment Act, 2000, and the approval of the company’s Board and its Shareholders on February 20, 2001 on March 22, 2001, respectively, the company’s status was converted from a deemed public company to a private limited company and consequently the name was changed to “Interarch Building Products Private Limited” and the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi endorsed such conversion on the certificate of incorporation dated August 9, 1985 with effect from January 11, 2002. Subsequently, pursuant to resolutions passed by the company’s Board and Shareholders dated October 12, 2023 and October 13, 2023 respectively, the company was converted into a public limited company and consequently, the name of the company was changed to “Interarch Building Products Limited”, consequent upon which, a fresh certificate of incorporation dated December 15, 2023 issued by the Registrar of Companies, Delhi and Haryana at New Delhi (RoC).

Interarch Building Products is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, on-site project management capabilities for the installation and erection of pre-engineered steel buildings (PEB). It has delivered PEBs for projects ranging from multi-level warehouses for customers engaged in e-commerce to paint production lines for customers engaged in manufacturing of paints and, fast-moving consumer goods (FMCG) sector for setting up manufacturing units for manufacturing their products. It has also supplied large-span PEBs for indoor stadiums and customers engaged in the cement industry. 

The company offers its PEBs by way of: (a) pre-engineered steel building contracts (PEB Contracts), wherein it provides complete PEBs on a turn-key basis to its customers, and as a part of which, it also provides on-site project management expertise for the installation and erection of PEBs supplied by it at its customers’ sites; and (b) sale of pre-engineered steel building materials (PEB Sales), which includes (i) sale of metal ceilings and corrugated roofing (comprising metal suspended ceiling systems (under the brand, TRAC), metal roofing and cladding systems (under the brand, TRACDEK) and permanent/metal decking (lost shuttering) over steel framing (under the brand, TRACDEK Bold-Rib)); (ii) supply of PEB steel structures (comprising, amongst other things, primary and secondary framing systems; as well as complete PEBs, such as non-industrial PEB buildings for non-industrial use, such as farmhouses and residential buildings (under the brand, Interarch Life)) for erection and installation by third party builders/erectors, and (iii) light gauge framing systems (LGFS).

The company primarily manufacture its products in-house at its four manufacturing facilities, comprising two Manufacturing Facilities in Sriperumbudur, Tamil Nadu, India (Tamil Nadu Manufacturing Facility I and Tamil Nadu Manufacturing Facility II), and one each in Pantnagar, Uttarakhand, India (Pantnagar Manufacturing Facility), and Kichha, Uttarakhand, India (Kichha Manufacturing Facility).

Business area of the company

Interarch Building Products provides turnkey pre-engineered steel construction solutions in India. The company offers integrated facilities for design, engineering, manufacturing, and on-site project management for the installation and erection of pre-engineered steel buildings (PEB). The company offers PEBs through pre-engineered steel building contracts (PEB Contracts) and the sale of pre-engineered steel building materials (PEB Sales), including metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems. 

Key awards, accreditations and recognitions

• 2022: Award for outstanding contribution in PEB Projects for Varanasi International Cooperation and Convention Centre- Rudraksha by EPC World awards.
• 2022: Award for the “Pre-Engineered Building Project of the year” by Construction Week India Awards.
• 2022: Award for the “Best Innovation PEB Project Award of the Year” by BAM Awards.
• 2022: Award for “Pre-Engineered Building Company of the Year” by EPC World Awards.
• 2024: ISO 9001:2015 accreditation for quality management system received by the company for the Tamil Nadu Manufacturing Facilities, Kichha Manufacturing Facility and Pantnagar Manufacturing Facility.

Major events and milestones

• 1983: Incorporated in New Delhi.
• 1993: Introduction of metal roofing and cladding system under the brand name TRACDEK.
• 2001: The company received its first order after commencement of operations in Greater Noida.
• 2005: Set up Pantnagar Manufacturing Facility in Uttarakhand.
• 2007: Commenced supply from Tamil Nadu Manufacturing Facility I.
• 2007: OIH Mauritius Limited acquired 13.33% of the issued and paid up share capital in the company.
• 2008: Set up Kichha Manufacturing Facility in Uttarakhand.
• 2009: Commenced supply from Tamil Nadu Manufacturing Facility II.