1. Opening Hook
January 2026 and EPACK Prefab isn’t whispering optimism—it’s yelling it from a pre-engineered rooftop.
While most companies are busy blaming macro, weather, logistics, or Mercury in retrograde, EPACK calmly drops a ₹12,155 Mn order book and a net cash balance sheet on the table. Casual flex.
Management sounds less like a quarterly update and more like a 30-year masterplan presentation to the Ministry of Infrastructure. Prefab, they say, isn’t a cost-saving trick anymore—it’s the only way India can actually build stuff on time.
Margins are improving, capacity is ramping, debt is getting punched in the face, and renewable + data centres are lining up like it’s a buffet.
Read on—because the interesting part is not what they did this quarter, but how aggressively they’re positioning themselves for the next decade.
2. At a Glance
- Revenue up 31% (9M YoY) – Growth without Excel gymnastics. Just execution.
- Prefab revenue up 41% – Industry growing at ~9%, EPACK said “hold my sandwich panel.”
- EBITDA up 37.6% – Operating leverage finally doing its job.
- PAT up ~59% – When scale meets discipline, magic happens.
- Net cash ₹1,840 Mn – Debt reduction, not debt reshuffling.
- Order book ₹12,155 Mn – Visibility that CFOs dream of.
- Sandwich panel utilization at 34% – Early days, runway long.
- Working capital at 38 days – Not perfect, but controlled.
3. Management’s Key Commentary (Decoded)
“Prefab revenue grew 41% YoY, outpacing industry growth by 4–5x.”
(Translation: We’re not riding the
cycle, we’re bending it.) 😏
“Net cash position of over ₹1,840 million as of December 2025.”
(Translation: Banks need us more than we need banks.)
“Prefab is a bottleneck solution for India’s infrastructure needs for the next 30 years.”
(Translation: This isn’t a product pitch, it’s a policy thesis.)
“We want prefab to be mandated by system design, not chosen by procurement officers.”
(Translation: We’re done convincing, now we want rules rewritten.)
“Capacity is being built ahead of demand.”
(Translation: Short-term margins sacrificed for long-term dominance.)
“Renewables, data centres, semiconductors are key focus sectors.”
(Translation: Cyclicality? Never heard of her.)
4. Numbers Decoded
Metric | Q3 FY26 / 9M FY26 | What It Really Means
---------------------------|--------------------------|-----------------------------
Revenue (9M) | ₹10,545 Mn | Strong execution + demand tailwinds
EBITDA Margin | 10.8% | Scale benefits kicking in
PAT Margin | 5.9% | Clean operating leverage
Prefab Revenue Growth | +41% | Core engine firing hard
Order Book | ₹12,155 Mn | 1+ year revenue