Interarch Building Solutions – Nuvama Interaction Key Takeaways from Emerging Ideas Conference Exports Growth - Exports represent next growth frontier with dedicated teams for US, Canada and neighbouring markets. - Higher margin revenue vs domestic PEB; currently just 1 to 2% of sales. Mold-Tek Partnership - Significantly enhances design and engineering capabilities for North American clients. - Serves as major competitive differentiator. Heavy Fabrication - Industry shifting to steel intensive 5 to 10t structures. - Dedicated heavy fab facility prevents PEB dilution. - Expected to offer higher RoCE due to faster cycle times and better WC metrics. - Heavy fabrication margins lower initially as jobs exclude design and engineering work. - Starts below PEB profitability but becomes strong margin driver with scale. Andhra Pradesh Plant - ₹90 to 100 Cr capex. - 21,000t capacity. - Operational by June/July 2026. - Will internalise outsourced work currently to JSPL/Power. Gujarat PEB Facility - Expands geographic footprint. - Adds significantly to total system capacity; operational Nov 2026. Order Book Quality - Nearly 50% orders > ₹35 Cr. - Higher realisations; large projects add ~100 bps extra margin. Operational Efficiency - 6x asset turns in PEB. - 30 to 31 days working capital. - ~60 days inventory. - Upcoming facilities designed for superior layout and leverage. Capacity Utilisation - Typically 80 to 90%. - Ensures new facilities meaningfully lift throughput once commissioned.