Epack Prefab Technologies FY26 Performance

Epack Prefab Technologies Limited announced its financial results for the fiscal year 2026, highlighting significant growth and strategic expansion.

Strong FY26 Financials

The company reported a revenue of INR 1,525 crore for FY26, representing a 35% increase compared to the previous year. Profit After Tax (PAT) grew by a substantial 56%. Epack Prefab also generated INR 135 crore in free operating cash flow and successfully reduced its debt by INR 107 crore.

Expansion and Future Outlook

Epack Prefab is advancing its capacity expansions at its Mambattu facility and progressing with new projects in Ghiloth (Noida) and Vithlapur (Gujarat). The company targets a total pre-engineered building (PEB) capacity of approximately 2,20,000 metric tons by the end of FY27. For FY27, Epack Prefab projects revenue between INR 1,920 to INR 1,950 crore, driven primarily by its Prefab division, which would equate to about 30% growth.

Profitability and Risk Management

Management aims to maintain EBITDA margins between 10.5% and 11.5%. A key challenge remains the steel price volatility, although Epack Prefab has mitigated this by renegotiating 80% of its contracts for price adjustments and holding a 32,000-ton inventory buffer. The underutilization of the Mambattu sandwich panel line (25% last year) and increased raw material costs due to recent minimum import duties on steel are also points to monitor.

Business Segments

The packaging business offers approximately 100 basis points higher EBITDA margins than the Prefab division. Sandwich panels contributed around INR 65 crore to FY26 revenue.

Key Metrics and Projections

• FY26 Revenue: INR 1,525 crore (35% growth)
• FY26 PAT Growth: 56%
• FY26 Free Operating Cash Flow: INR 135 crore
• FY26 Debt Reduction: INR 107 crore
• FY27 Revenue Guidance: INR 1,920-1,950 crore (30% growth)
• FY27 EBITDA Margin Target: 10.5% - 11.5%
• Current Order Book: INR 1,117 crore
• Inquiry Funnel: ~INR 5,000 crore
• Debtor Days: 62 (targeting 60 for FY27)

What to Watch

Investors will be closely tracking the commissioning of new plants, the stability of steel prices, and Epack Prefab's ability to sustain its targeted EBITDA margins. The performance of the sandwich panel line and its efforts in export markets will also be important indicators.