Epack Prefab Technologies Limited (NSE: EPACKPEB) The integrated green construction solution provider recorded revenue of ₹10,545 million for the first three quarters of fiscal 2026, driven by a 41% year-over-year increase in prefab segment income. Strong order book growth and debt reduction following the company’s October listing remain primary focal points for investors.
The company reported a 31.3% year-over-year increase in revenue for the nine months ended December 31, 2025, reaching ₹10,545 million. Net profit for the same period rose 58.9% to ₹623 million, while the company’s order book reached ₹12,155 million. These results follow the company’s successful listing on the National Stock Exchange and BSE Limited on October 1, 2025.
Significant Breakthroughs
The company announced its unaudited financial results on January 21, 2026, highlighting significant progress in its strategic scaling initiatives. During the third quarter, Epack Prefab secured new project orders exceeding ₹2,690 million from clients including Avaada, JK Cement, and CG Power. Additionally, the company received a credit rating upgrade from ICRA to [ICRA]A+ (Stable) for long-term instruments and [ICRA]A1 for short-term instruments. Operational expansion continued with the acquisition of approximately 39 acres of land in Gujarat to service growing demand in Western India.
Profitability Metrics
For the nine months ended December 31, 2025, earnings before interest, tax, depreciation, and amortization (EBITDA) stood at ₹1,134 million, representing an absolute growth of 37.6% over the previous year. The EBITDA margin improved to 10.8% from 10.3% in the prior-year period. Net profit margins rose to 5.9%, up from 4.9% a year earlier. Cash flow from operations grew approximately 5.5 times to ₹577 million, which management attributed to enhanced working capital management. The company utilized IPO proceeds to repay ₹700 million in debt, resulting in a net cash position of over ₹1,840 million as of December 2025.
Strategic Roadmap
Management’s stated strategy centers on identifying sectors where construction speed is critical and labor constraints exist, specifically targeting data centers, semiconductors, and renewable energy. The company is executing a capacity roadmap intended to reach 220,000 metric tonnes per annum (MTPA) of pre-engineered building (PEB) capacity and 2,110,000 square meters of sandwich panel capacity. Brownfield expansion at the Mambattu facility is scheduled for completion by the end of fiscal 2026, while the Ghiloth project is on track to conclude by the third quarter of fiscal 2027. Phase 1 of the Gujarat greenfield expansion is planned to commence during fiscal 2027 to address the anticipated surge in demand from industrial corridors and logistics parks.
Business Environment & Global Forces
The Indian PEB industry is characterized by a significant shift toward organized players, with the sector expected to expand at a compound annual growth rate (CAGR) of approximately 9.5% to 10.5% through 2030. Epack Prefab’s prefab business has recorded a 46.2% CAGR from fiscal 2022 to 2025, outpacing the broader industry average. Market growth is currently supported by the India Semiconductor Mission’s ₹760 billion outlay and the projected expansion of data center capacity to over 2,000 MW by fiscal 2027. Furthermore, the industry is increasingly adopting prefab technologies over traditional reinforced cement concrete (RCC) due to documented reductions in carbon footprints and a 40% to 50% decrease in execution time.