# Pre-Engineering Buildings — company-by-company sector analysis

> Pre-Engineering Buildings: Pennar Industries Ltd owns the largest revenue base; EPack Prefab Technologies Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 0 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Pennar Industries Ltd leads with revenue of ₹3,621 crore, based on 5 of 5 comparable companies through Mar 2026. EPack Prefab Technologies Ltd has the fastest current revenue growth at 34.5%, across 5 of 5 comparable companies.

### Is the Pre-Engineering Buildings sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 0 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

### Which Pre-Engineering Buildings company is largest by revenue?

Pennar Industries Ltd leads with revenue of ₹3,621 crore, based on 5 of 5 comparable companies through Mar 2026.

### Which Pre-Engineering Buildings company is growing fastest?

EPack Prefab Technologies Ltd has the fastest current revenue growth at 34.5%, across 5 of 5 comparable companies.

### Which Pre-Engineering Buildings company has the strongest 4-Factor Sector Score?

Interarch Building Solutions Ltd ranks first at 71.7/100 with 84% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Pre-Engineering Buildings company reports the most CAPEX?

EPack Prefab Technologies Ltd reports the largest latest CAPEX at ₹11 crore, with 2 of 5 companies comparable.

### Which Pre-Engineering Buildings company has the least gross debt?

Interarch Building Solutions Ltd has the lowest comparable gross debt at ₹18 crore. Pennar Industries Ltd has the highest at ₹1,162 crore.

### Which Pre-Engineering Buildings company has the lowest comparable PEG?

EPack Prefab Technologies Ltd has the lowest comparable Guarded PEG at 0.43, among 3 of 5 companies that pass the metric’s comparability rules.

### How much history does this Pre-Engineering Buildings comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

The 52-week comparison of Pre-Engineering Buildings against NIFTY 500 is not available from the current market series. 0 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Interarch Building Solutions Ltd is the strongest against the sector itself at +19.6%.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 0/3
Stocks leading sector: 1/3

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 5
Combined market value: ₹10.3K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Interarch Building Solutions Ltd (INTERARCH): 72/100 — Favorable setup; evidence 84%
   - Growth & earnings 26.3/35 | Capital efficiency 18.4/25 | Valuation 15.0/20 | Relative strength 12.0/20
   - Exact sum: 26.3 + 18.4 + 15 + 12 = 71.7
   - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2. EPack Prefab Technologies Ltd (EPACKPEB): 68/100 — Favorable setup; evidence 70%
   - Growth & earnings 25.6/35 | Capital efficiency 16.9/25 | Valuation 15.0/20 | Relative strength 10.0/20
   - Exact sum: 25.6 + 16.9 + 15 + 10 = 67.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. M & B Engineering Ltd (MBEL): 52/100 — Thin evidence · provisional; evidence 57%
   - Growth & earnings 13.2/35 | Capital efficiency 18.4/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 13.2 + 18.4 + 10 + 10 = 51.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. Pennar Industries Ltd (PENIND): 45/100 — Mixed-negative evidence; evidence 91%
   - Growth & earnings 18.1/35 | Capital efficiency 11.3/25 | Valuation 12.8/20 | Relative strength 3.0/20
   - Exact sum: 18.1 + 11.3 + 12.8 + 3 = 45.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5. Everest Industries Ltd (EVERESTIND): 24/100 — Adverse evidence; evidence 77%
   - Growth & earnings 2.4/35 | Capital efficiency 3.3/25 | Valuation 10.0/20 | Relative strength 8.5/20
   - Exact sum: 2.4 + 3.3 + 10 + 8.5 = 24.2
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: Pennar Industries Ltd is the scale leader at ₹3,621 crore, 90.7% ahead of Interarch Building Solutions Ltd. EPack Prefab Technologies Ltd's growth is 34.5% from a ₹1,525 crore base, with 8 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Pennar Industries Ltd is the scale benchmark; EPack Prefab Technologies Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Pennar Industries Ltd's growth falls below EPack Prefab Technologies Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Pennar Industries Ltd · ₹3,621 crore | 90.7% versus #2 · Interarch Building Solutions Ltd | 6/8 recent comparable periods | 5/5 companies · 62 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Pennar Industries Ltd (PENIND): ₹3.6K Cr
2. Interarch Building Solutions Ltd (INTERARCH): ₹1.9K Cr
3. EPack Prefab Technologies Ltd (EPACKPEB): ₹1.5K Cr
4. Everest Industries Ltd (EVERESTIND): ₹1.4K Cr
5. M & B Engineering Ltd (MBEL): ₹1.3K Cr

### Revenue growth — fastest growers
1. EPack Prefab Technologies Ltd (EPACKPEB): 35%
2. Interarch Building Solutions Ltd (INTERARCH): 31%
3. M & B Engineering Ltd (MBEL): 28%
4. Pennar Industries Ltd (PENIND): 12%
5. Everest Industries Ltd (EVERESTIND): -18%

### 20-quarter Revenue history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹294 Cr | Sep 2023 ₹298 Cr | Dec 2023 ₹316 Cr | Mar 2024 ₹385 Cr | Jun 2024 ₹303 Cr | Sep 2024 ₹323 Cr | Dec 2024 ₹364 Cr | Mar 2025 ₹464 Cr | Jun 2025 ₹381 Cr | Sep 2025 ₹491 Cr | Dec 2025 ₹523 Cr | Mar 2026 ₹504 Cr
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹269 Cr | Sep 2024 ₹268 Cr | Dec 2024 ₹266 Cr | Mar 2025 ₹331 Cr | Jun 2025 ₹295 Cr | Sep 2025 ₹434 Cr | Dec 2025 ₹325 Cr | Mar 2026 ₹471 Cr
- PENIND: Jun 2021 ₹488 Cr | Sep 2021 ₹552 Cr | Dec 2021 ₹533 Cr | Mar 2022 ₹693 Cr | Jun 2022 ₹700 Cr | Sep 2022 ₹834 Cr | Dec 2022 ₹692 Cr | Mar 2023 ₹668 Cr | Jun 2023 ₹749 Cr | Sep 2023 ₹814 Cr | Dec 2023 ₹745 Cr | Mar 2024 ₹823 Cr | Jun 2024 ₹733 Cr | Sep 2024 ₹748 Cr | Dec 2024 ₹840 Cr | Mar 2025 ₹906 Cr | Jun 2025 ₹846 Cr | Sep 2025 ₹907 Cr | Dec 2025 ₹943 Cr | Mar 2026 ₹925 Cr
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹140 Cr | Sep 2024 ₹207 Cr | Dec 2024 ₹328 Cr | Mar 2025 ₹314 Cr | Jun 2025 ₹238 Cr | Sep 2025 ₹307 Cr | Dec 2025 ₹352 Cr | Mar 2026 ₹364 Cr
- EVERESTIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹392 Cr | Mar 2023 ₹446 Cr | Jun 2023 ₹484 Cr | Sep 2023 ₹308 Cr | Dec 2023 ₹352 Cr | Mar 2024 ₹432 Cr | Jun 2024 ₹522 Cr | Sep 2024 ₹377 Cr | Dec 2024 ₹371 Cr | Mar 2025 ₹453 Cr | Jun 2025 ₹501 Cr | Sep 2025 ₹306 Cr | Dec 2025 ₹283 Cr | Mar 2026 ₹327 Cr

### 20-quarter Revenue growth history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 3.1% | Sep 2024 8.4% | Dec 2024 15% | Mar 2025 21% | Jun 2025 26% | Sep 2025 52% | Dec 2025 44% | Mar 2026 8.6%
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 9.7% | Sep 2025 62% | Dec 2025 22% | Mar 2026 42%
- PENIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 43% | Sep 2022 51% | Dec 2022 30% | Mar 2023 -3.6% | Jun 2023 7.0% | Sep 2023 -2.4% | Dec 2023 7.7% | Mar 2024 23% | Jun 2024 -2.1% | Sep 2024 -8.1% | Dec 2024 13% | Mar 2025 10% | Jun 2025 15% | Sep 2025 21% | Dec 2025 12% | Mar 2026 2.1%
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 70% | Sep 2025 48% | Dec 2025 7.3% | Mar 2026 16%
- EVERESTIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -10% | Mar 2024 -3.1% | Jun 2024 7.9% | Sep 2024 22% | Dec 2024 5.4% | Mar 2025 4.9% | Jun 2025 -4.0% | Sep 2025 -19% | Dec 2025 -24% | Mar 2026 -28%

## Operating Economics & Margin Trend

What the numbers say: Pennar Industries Ltd leads both opm at 11% and margin change at +1 percentage points.

Investor read: Pennar Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Pennar Industries Ltd · 11% | 10% versus #2 · EPack Prefab Technologies Ltd | 4/8 recent comparable periods | 5/5 companies · 68 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Pennar Industries Ltd (PENIND): 11%
2. EPack Prefab Technologies Ltd (EPACKPEB): 10%
3. Interarch Building Solutions Ltd (INTERARCH): 10%
4. M & B Engineering Ltd (MBEL): 10%
5. Everest Industries Ltd (EVERESTIND): -8.0%

### Margin change — fastest expanders
1. Pennar Industries Ltd (PENIND): +1.0 pp
2. EPack Prefab Technologies Ltd (EPACKPEB): −1.0 pp
3. Interarch Building Solutions Ltd (INTERARCH): −1.0 pp
4. M & B Engineering Ltd (MBEL): −3.0 pp
5. Everest Industries Ltd (EVERESTIND): −10.0 pp

### 20-quarter OPM history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 9.0% | Sep 2023 6.0% | Dec 2023 9.0% | Mar 2024 10% | Jun 2024 9.0% | Sep 2024 8.0% | Dec 2024 10% | Mar 2025 11% | Jun 2025 8.0% | Sep 2025 8.0% | Dec 2025 10% | Mar 2026 10%
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 10% | Sep 2024 10% | Dec 2024 10% | Mar 2025 11% | Jun 2025 10% | Sep 2025 12% | Dec 2025 10% | Mar 2026 10%
- PENIND: Jun 2021 7.7% | Sep 2021 7.3% | Dec 2021 8.0% | Mar 2022 7.3% | Jun 2022 6.4% | Sep 2022 5.5% | Dec 2022 8.0% | Mar 2023 10% | Jun 2023 8.0% | Sep 2023 9.0% | Dec 2023 10% | Mar 2024 8.0% | Jun 2024 10% | Sep 2024 10% | Dec 2024 9.0% | Mar 2025 10% | Jun 2025 10% | Sep 2025 9.0% | Dec 2025 9.0% | Mar 2026 11%
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 10% | Sep 2024 19% | Dec 2024 10% | Mar 2025 13% | Jun 2025 12% | Sep 2025 11% | Dec 2025 11% | Mar 2026 10%
- EVERESTIND: Jun 2021 9.9% | Sep 2021 3.3% | Dec 2021 4.6% | Mar 2022 2.3% | Jun 2022 7.5% | Sep 2022 1.8% | Dec 2022 5.0% | Mar 2023 2.0% | Jun 2023 4.0% | Sep 2023 -1.0% | Dec 2023 2.0% | Mar 2024 3.0% | Jun 2024 5.0% | Sep 2024 0.0% | Dec 2024 -2.0% | Mar 2025 2.0% | Jun 2025 3.0% | Sep 2025 -3.0% | Dec 2025 -7.0% | Mar 2026 -8.0%

### 20-quarter Margin change history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 0.0 pp | Sep 2024 +2.0 pp | Dec 2024 +1.0 pp | Mar 2025 +1.0 pp | Jun 2025 −1.0 pp | Sep 2025 0.0 pp | Dec 2025 0.0 pp | Mar 2026 −1.0 pp
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.0 pp | Sep 2025 +2.0 pp | Dec 2025 0.0 pp | Mar 2026 −1.0 pp
- PENIND: Jun 2021 +17.3 pp | Sep 2021 −0.5 pp | Dec 2021 0.0 pp | Mar 2022 −0.9 pp | Jun 2022 −1.3 pp | Sep 2022 −1.8 pp | Dec 2022 +0.0 pp | Mar 2023 +2.7 pp | Jun 2023 +1.6 pp | Sep 2023 +3.5 pp | Dec 2023 +2.0 pp | Mar 2024 −2.0 pp | Jun 2024 +2.0 pp | Sep 2024 +1.0 pp | Dec 2024 −1.0 pp | Mar 2025 +2.0 pp | Jun 2025 0.0 pp | Sep 2025 −1.0 pp | Dec 2025 0.0 pp | Mar 2026 +1.0 pp
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 +2.0 pp | Sep 2025 −8.0 pp | Dec 2025 +1.0 pp | Mar 2026 −3.0 pp
- EVERESTIND: Jun 2021 −2.3 pp | Sep 2021 −8.1 pp | Dec 2021 −0.6 pp | Mar 2022 −5.7 pp | Jun 2022 −2.4 pp | Sep 2022 −1.5 pp | Dec 2022 +0.4 pp | Mar 2023 −0.3 pp | Jun 2023 −3.5 pp | Sep 2023 −2.8 pp | Dec 2023 −3.0 pp | Mar 2024 +1.0 pp | Jun 2024 +1.0 pp | Sep 2024 +1.0 pp | Dec 2024 −4.0 pp | Mar 2025 −1.0 pp | Jun 2025 −2.0 pp | Sep 2025 −3.0 pp | Dec 2025 −5.0 pp | Mar 2026 −10.0 pp

## Profit Scale & Acceleration

What the numbers say: Pennar Industries Ltd leads with ₹139 crore of TTM profit, 3.7% above Interarch Building Solutions Ltd. EPack Prefab Technologies Ltd shows 55.9% growth from a ₹92 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Pennar Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Pennar Industries Ltd · ₹139 crore | 3.7% versus #2 · Interarch Building Solutions Ltd | 8/8 recent comparable periods | 5/5 companies · 62 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Pennar Industries Ltd (PENIND): ₹139 Cr
2. Interarch Building Solutions Ltd (INTERARCH): ₹134 Cr
3. EPack Prefab Technologies Ltd (EPACKPEB): ₹92 Cr
4. M & B Engineering Ltd (MBEL): ₹92 Cr
5. Everest Industries Ltd (EVERESTIND): ₹-101 Cr

### Profit growth — fastest growers
1. EPack Prefab Technologies Ltd (EPACKPEB): 56%
2. Interarch Building Solutions Ltd (INTERARCH): 24%
3. M & B Engineering Ltd (MBEL): 18%
4. Pennar Industries Ltd (PENIND): 17%
5. Everest Industries Ltd (EVERESTIND): -80%

### 20-quarter Net profit history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹19 Cr | Sep 2023 ₹15 Cr | Dec 2023 ₹22 Cr | Mar 2024 ₹30 Cr | Jun 2024 ₹20 Cr | Sep 2024 ₹21 Cr | Dec 2024 ₹28 Cr | Mar 2025 ₹39 Cr | Jun 2025 ₹28 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹37 Cr | Mar 2026 ₹37 Cr
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹13 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹16 Cr | Sep 2025 ₹29 Cr | Dec 2025 ₹17 Cr | Mar 2026 ₹30 Cr
- PENIND: Jun 2021 ₹6 Cr | Sep 2021 ₹8 Cr | Dec 2021 ₹11 Cr | Mar 2022 ₹17 Cr | Jun 2022 ₹14 Cr | Sep 2022 ₹17 Cr | Dec 2022 ₹21 Cr | Mar 2023 ₹24 Cr | Jun 2023 ₹22 Cr | Sep 2023 ₹22 Cr | Dec 2023 ₹25 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹26 Cr | Sep 2024 ₹27 Cr | Dec 2024 ₹30 Cr | Mar 2025 ₹36 Cr | Jun 2025 ₹32 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹34 Cr | Mar 2026 ₹41 Cr
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹7 Cr | Sep 2024 ₹24 Cr | Dec 2024 ₹18 Cr | Mar 2025 ₹29 Cr | Jun 2025 ₹18 Cr | Sep 2025 ₹22 Cr | Dec 2025 ₹25 Cr | Mar 2026 ₹27 Cr
- EVERESTIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹5 Cr | Mar 2023 ₹13 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹-6 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹5 Cr | Jun 2024 ₹16 Cr | Sep 2024 ₹-12 Cr | Dec 2024 ₹-15 Cr | Mar 2025 ₹8 Cr | Jun 2025 ₹2 Cr | Sep 2025 ₹-18 Cr | Dec 2025 ₹-38 Cr | Mar 2026 ₹-47 Cr

### 20-quarter Profit growth history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 5.3% | Sep 2024 40% | Dec 2024 27% | Mar 2025 30% | Jun 2025 40% | Sep 2025 52% | Dec 2025 32% | Mar 2026 -5.1%
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 23% | Sep 2025 107% | Dec 2025 42% | Mar 2026 50%
- PENIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 133% | Sep 2022 113% | Dec 2022 91% | Mar 2023 41% | Jun 2023 57% | Sep 2023 29% | Dec 2023 19% | Mar 2024 21% | Jun 2024 18% | Sep 2024 23% | Dec 2024 20% | Mar 2025 24% | Jun 2025 23% | Sep 2025 19% | Dec 2025 13% | Mar 2026 14%
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 157% | Sep 2025 -8.3% | Dec 2025 39% | Mar 2026 -6.9%
- EVERESTIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -80% | Mar 2024 -62% | Jun 2024 -11% | Sep 2024 — | Dec 2024 -1,600% | Mar 2025 60% | Jun 2025 -88% | Sep 2025 — | Dec 2025 — | Mar 2026 -688%

## Capacity Spending & Returns On It

What the numbers say: EPack Prefab Technologies Ltd reports ₹11 crore of CAPEX; EPack Prefab Technologies Ltd has the highest covered intensity at 2.5%. Coverage is only 2 of 5 companies and 5 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: EPack Prefab Technologies Ltd · ₹11 crore | 175% versus #2 · M & B Engineering Ltd | 4/4 recent comparable periods | 2/5 companies · 5 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. EPack Prefab Technologies Ltd (EPACKPEB): ₹11 Cr
2. M & B Engineering Ltd (MBEL): ₹4 Cr

### CAPEX intensity — highest reinvestment intensity
1. EPack Prefab Technologies Ltd (EPACKPEB): 2.5%
2. M & B Engineering Ltd (MBEL): 1.3%

### 20-quarter CAPEX history
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹9 Cr | Sep 2024 ₹9 Cr | Dec 2024 — | Mar 2025 — | Jun 2025 ₹11 Cr | Sep 2025 ₹11 Cr | Dec 2025 — | Mar 2026 —
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹4 Cr | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —

### 20-quarter CAPEX intensity history
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 3.3% | Sep 2024 3.4% | Dec 2024 — | Mar 2025 — | Jun 2025 3.7% | Sep 2025 2.5% | Dec 2025 — | Mar 2026 —
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 1.3% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —

## Debt Load & Balance-Sheet Headroom

What the numbers say: M & B Engineering Ltd has the clearest covered balance-sheet capacity with ₹195 crore net cash and gross debt of ₹84 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: Interarch Building Solutions Ltd · ₹18 crore | 78.6% versus #2 · M & B Engineering Ltd | 8/8 recent comparable periods | 5/5 companies · 72 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. Interarch Building Solutions Ltd (INTERARCH): ₹18 Cr
2. M & B Engineering Ltd (MBEL): ₹84 Cr
3. EPack Prefab Technologies Ltd (EPACKPEB): ₹115 Cr
4. Everest Industries Ltd (EVERESTIND): ₹227 Cr
5. Pennar Industries Ltd (PENIND): ₹1.2K Cr

### Net debt — lowest net debt
1. M & B Engineering Ltd (MBEL): ₹-195 Cr
2. EPack Prefab Technologies Ltd (EPACKPEB): ₹-194 Cr
3. Interarch Building Solutions Ltd (INTERARCH): ₹-77 Cr
4. Everest Industries Ltd (EVERESTIND): ₹182 Cr
5. Pennar Industries Ltd (PENIND): ₹891 Cr

### 20-quarter Gross debt history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹8 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹18 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹10 Cr | Dec 2023 — | Mar 2024 ₹13 Cr | Jun 2024 ₹13 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹20 Cr | Mar 2025 ₹20 Cr | Jun 2025 ₹20 Cr | Sep 2025 ₹11 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹18 Cr
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹76 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹109 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹150 Cr | Jun 2024 — | Sep 2024 ₹197 Cr | Dec 2024 — | Mar 2025 ₹216 Cr | Jun 2025 ₹215 Cr | Sep 2025 ₹222 Cr | Dec 2025 ₹222 Cr | Mar 2026 ₹115 Cr
- PENIND: Jun 2021 ₹565 Cr | Sep 2021 ₹635 Cr | Dec 2021 ₹635 Cr | Mar 2022 ₹646 Cr | Jun 2022 ₹645 Cr | Sep 2022 ₹736 Cr | Dec 2022 ₹736 Cr | Mar 2023 ₹685 Cr | Jun 2023 ₹685 Cr | Sep 2023 ₹736 Cr | Dec 2023 ₹736 Cr | Mar 2024 ₹785 Cr | Jun 2024 ₹785 Cr | Sep 2024 ₹852 Cr | Dec 2024 ₹852 Cr | Mar 2025 ₹812 Cr | Jun 2025 ₹812 Cr | Sep 2025 ₹993 Cr | Dec 2025 ₹993 Cr | Mar 2026 ₹1.2K Cr
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹100 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹149 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹205 Cr | Jun 2024 ₹205 Cr | Sep 2024 — | Dec 2024 ₹144 Cr | Mar 2025 ₹191 Cr | Jun 2025 ₹191 Cr | Sep 2025 ₹114 Cr | Dec 2025 ₹114 Cr | Mar 2026 ₹84 Cr
- EVERESTIND: Jun 2021 ₹8 Cr | Sep 2021 ₹7 Cr | Dec 2021 ₹7 Cr | Mar 2022 ₹55 Cr | Jun 2022 ₹55 Cr | Sep 2022 ₹51 Cr | Dec 2022 ₹51 Cr | Mar 2023 ₹113 Cr | Jun 2023 ₹113 Cr | Sep 2023 ₹54 Cr | Dec 2023 ₹54 Cr | Mar 2024 ₹96 Cr | Jun 2024 ₹96 Cr | Sep 2024 ₹300 Cr | Dec 2024 ₹300 Cr | Mar 2025 ₹265 Cr | Jun 2025 ₹265 Cr | Sep 2025 ₹309 Cr | Dec 2025 ₹309 Cr | Mar 2026 ₹227 Cr

### 20-quarter Net debt history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹-52 Cr | Sep 2023 ₹-51 Cr | Dec 2023 — | Mar 2024 ₹-58 Cr | Jun 2024 ₹-57 Cr | Sep 2024 ₹-366 Cr | Dec 2024 ₹-366 Cr | Mar 2025 ₹-149 Cr | Jun 2025 ₹-184 Cr | Sep 2025 ₹-174 Cr | Dec 2025 ₹-174 Cr | Mar 2026 ₹-77 Cr
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹183 Cr | Dec 2024 — | Mar 2025 ₹61 Cr | Jun 2025 ₹61 Cr | Sep 2025 ₹-282 Cr | Dec 2025 ₹-282 Cr | Mar 2026 ₹-194 Cr
- PENIND: Jun 2021 ₹492 Cr | Sep 2021 ₹602 Cr | Dec 2021 ₹602 Cr | Mar 2022 ₹562 Cr | Jun 2022 ₹513 Cr | Sep 2022 ₹614 Cr | Dec 2022 ₹614 Cr | Mar 2023 ₹515 Cr | Jun 2023 ₹485 Cr | Sep 2023 ₹551 Cr | Dec 2023 ₹551 Cr | Mar 2024 ₹676 Cr | Jun 2024 ₹624 Cr | Sep 2024 ₹668 Cr | Dec 2024 ₹668 Cr | Mar 2025 ₹669 Cr | Jun 2025 ₹621 Cr | Sep 2025 ₹807 Cr | Dec 2025 ₹807 Cr | Mar 2026 ₹891 Cr
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 ₹132 Cr | Sep 2024 — | Dec 2024 ₹125 Cr | Mar 2025 ₹161 Cr | Jun 2025 ₹161 Cr | Sep 2025 ₹67 Cr | Dec 2025 ₹67 Cr | Mar 2026 ₹-195 Cr
- EVERESTIND: Jun 2021 ₹-124 Cr | Sep 2021 ₹-31 Cr | Dec 2021 ₹-31 Cr | Mar 2022 ₹-110 Cr | Jun 2022 ₹-110 Cr | Sep 2022 ₹-7 Cr | Dec 2022 ₹-7 Cr | Mar 2023 ₹99 Cr | Jun 2023 ₹99 Cr | Sep 2023 ₹18 Cr | Dec 2023 ₹18 Cr | Mar 2024 ₹21 Cr | Jun 2024 ₹33 Cr | Sep 2024 ₹276 Cr | Dec 2024 ₹276 Cr | Mar 2025 ₹255 Cr | Jun 2025 ₹254 Cr | Sep 2025 ₹301 Cr | Dec 2025 ₹301 Cr | Mar 2026 ₹182 Cr

## Return On Capital Employed

What the numbers say: M & B Engineering Ltd leads ROCE at 23%, 0.2 percentage points above Interarch Building Solutions Ltd. Interarch Building Solutions Ltd has the strongest latest improvement at +1.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: M & B Engineering Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: M & B Engineering Ltd · 23% | 0.9% versus #2 · Interarch Building Solutions Ltd | 1/2 recent comparable periods | 5/5 companies · 52 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. M & B Engineering Ltd (MBEL): 23%
2. Interarch Building Solutions Ltd (INTERARCH): 23%
3. EPack Prefab Technologies Ltd (EPACKPEB): 22%
4. Pennar Industries Ltd (PENIND): 15%
5. Everest Industries Ltd (EVERESTIND): -8.5%

### ROCE change — fastest improvers
1. Interarch Building Solutions Ltd (INTERARCH): +1.5 pp
2. EPack Prefab Technologies Ltd (EPACKPEB): −2.3 pp
3. Pennar Industries Ltd (PENIND): −2.3 pp
4. Everest Industries Ltd (EVERESTIND): −10.3 pp
5. M & B Engineering Ltd (MBEL): −11.7 pp

### 20-quarter ROCE history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 9.8% | Dec 2023 — | Mar 2024 23% | Jun 2024 26% | Sep 2024 17% | Dec 2024 25% | Mar 2025 17% | Jun 2025 26% | Sep 2025 18% | Dec 2025 25% | Mar 2026 18%
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 15% | Dec 2024 — | Mar 2025 20% | Jun 2025 22% | Sep 2025 16% | Dec 2025 25% | Mar 2026 18%
- PENIND: Jun 2021 — | Sep 2021 12% | Dec 2021 — | Mar 2022 13% | Jun 2022 — | Sep 2022 14% | Dec 2022 — | Mar 2023 17% | Jun 2023 — | Sep 2023 20% | Dec 2023 25% | Mar 2024 19% | Jun 2024 25% | Sep 2024 19% | Dec 2024 25% | Mar 2025 20% | Jun 2025 25% | Sep 2025 19% | Dec 2025 24% | Mar 2026 17%
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 22% | Mar 2025 31% | Jun 2025 37% | Sep 2025 20% | Dec 2025 29% | Mar 2026 19%
- EVERESTIND: Jun 2021 — | Sep 2021 12% | Dec 2021 — | Mar 2022 7.5% | Jun 2022 — | Sep 2022 6.0% | Dec 2022 — | Mar 2023 5.4% | Jun 2023 — | Sep 2023 2.2% | Dec 2023 7.5% | Mar 2024 1.3% | Jun 2024 5.0% | Sep 2024 1.7% | Dec 2024 1.4% | Mar 2025 -1.1% | Jun 2025 -0.1% | Sep 2025 -3.6% | Dec 2025 -4.6% | Mar 2026 -11%

### 20-quarter ROCE change history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 +6.8 pp | Dec 2024 — | Mar 2025 −6.7 pp | Jun 2025 −0.8 pp | Sep 2025 +1.4 pp | Dec 2025 +0.2 pp | Mar 2026 +1.5 pp
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 +1.8 pp | Dec 2025 — | Mar 2026 −2.3 pp
- PENIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.7 pp | Dec 2022 — | Mar 2023 +3.2 pp | Jun 2023 — | Sep 2023 +6.4 pp | Dec 2023 — | Mar 2024 +2.8 pp | Jun 2024 — | Sep 2024 −1.0 pp | Dec 2024 +0.1 pp | Mar 2025 +0.3 pp | Jun 2025 0.0 pp | Sep 2025 −0.2 pp | Dec 2025 −0.5 pp | Mar 2026 −2.3 pp
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 +7.4 pp | Mar 2026 −11.7 pp
- EVERESTIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.8 pp | Dec 2022 — | Mar 2023 −2.1 pp | Jun 2023 — | Sep 2023 −3.8 pp | Dec 2023 — | Mar 2024 −4.1 pp | Jun 2024 — | Sep 2024 −0.5 pp | Dec 2024 −6.1 pp | Mar 2025 −2.4 pp | Jun 2025 −5.1 pp | Sep 2025 −5.3 pp | Dec 2025 −6.0 pp | Mar 2026 −10.3 pp

## Valuation Against Growth & Quality

What the numbers say: EPack Prefab Technologies Ltd has the lowest comparable Guarded PEG at 0.43×, 18.9% below Interarch Building Solutions Ltd. Only 3 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: EPack Prefab Technologies Ltd · 0.43× | 18.9% versus #2 · Interarch Building Solutions Ltd | 0/2 recent comparable periods | 3/5 companies · 19 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. EPack Prefab Technologies Ltd (EPACKPEB): 0.4
2. Interarch Building Solutions Ltd (INTERARCH): 0.5
3. Pennar Industries Ltd (PENIND): 0.9

### P/E — lowest P/E
1. Pennar Industries Ltd (PENIND): 15.9
2. M & B Engineering Ltd (MBEL): 18.1
3. Interarch Building Solutions Ltd (INTERARCH): 22.0
4. EPack Prefab Technologies Ltd (EPACKPEB): 27.4

### 20-quarter Guarded PEG history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.7 | Dec 2024 3.0 | Mar 2025 2.3 | Jun 2025 1.8 | Sep 2025 0.7 | Dec 2025 1.0 | Mar 2026 0.5
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 2.2 | Mar 2026 0.4
- PENIND: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.3 | Mar 2024 0.9 | Jun 2024 0.7 | Sep 2024 0.9 | Dec 2024 1.2 | Mar 2025 0.9 | Jun 2025 1.3 | Sep 2025 1.2 | Dec 2025 1.0 | Mar 2026 0.9

### 20-quarter P/E history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 23.5 | Dec 2024 30.4 | Mar 2025 24.9 | Jun 2025 35.9 | Sep 2025 30.3 | Dec 2025 30.6 | Mar 2026 20.7
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 30.2 | Mar 2026 14.3
- PENIND: Jun 2021 8.8 | Sep 2021 14.3 | Dec 2021 14.2 | Mar 2022 11.7 | Jun 2022 11.7 | Sep 2022 12.0 | Dec 2022 13.6 | Mar 2023 14.2 | Jun 2023 13.9 | Sep 2023 18.2 | Dec 2023 18.9 | Mar 2024 19.2 | Jun 2024 23.1 | Sep 2024 22.4 | Dec 2024 25.0 | Mar 2025 22.6 | Jun 2025 26.1 | Sep 2025 25.4 | Dec 2025 20.6 | Mar 2026 13.8
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 21.8 | Dec 2025 22.9 | Mar 2026 12.7
- EVERESTIND: Jun 2021 9.9 | Sep 2021 12.4 | Dec 2021 17.7 | Mar 2022 22.6 | Jun 2022 18.3 | Sep 2022 24.6 | Dec 2022 32.7 | Mar 2023 33.5 | Jun 2023 34.7 | Sep 2023 52.5 | Dec 2023 90.7 | Mar 2024 83.2 | Jun 2024 152.2 | Sep 2024 123.2 | Dec 2024 149.3 | Mar 2025 128.6 | Jun 2025 -49.4 | Sep 2025 — | Dec 2025 — | Mar 2026 —

## Enterprise Value & Book Value

What the numbers say: EPack Prefab Technologies Ltd leads ev/ebitda at 6.4×; Everest Industries Ltd leads p/bv at 1.68×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: EPack Prefab Technologies Ltd · 6.4× | 7.2% versus #2 · Pennar Industries Ltd | 0/2 recent comparable periods | 5/5 companies · 52 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. EPack Prefab Technologies Ltd (EPACKPEB): 6.4
2. Pennar Industries Ltd (PENIND): 6.9
3. M & B Engineering Ltd (MBEL): 8.4
4. Interarch Building Solutions Ltd (INTERARCH): 13.5
5. Everest Industries Ltd (EVERESTIND): 66.5

### P/BV — lowest P/BV
1. Everest Industries Ltd (EVERESTIND): 1.7
2. Pennar Industries Ltd (PENIND): 1.9
3. M & B Engineering Ltd (MBEL): 2.6
4. Interarch Building Solutions Ltd (INTERARCH): 3.4
5. EPack Prefab Technologies Ltd (EPACKPEB): 3.5

### 20-quarter EV/EBITDA history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 16.6 | Dec 2024 20.0 | Mar 2025 15.9 | Jun 2025 25.9 | Sep 2025 18.9 | Dec 2025 20.3 | Mar 2026 13.5
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 16.3 | Mar 2026 6.4
- PENIND: Jun 2021 7.2 | Sep 2021 5.8 | Dec 2021 6.4 | Mar 2022 6.0 | Jun 2022 5.6 | Sep 2022 5.9 | Dec 2022 6.3 | Mar 2023 6.3 | Jun 2023 6.3 | Sep 2023 7.4 | Dec 2023 8.0 | Mar 2024 7.9 | Jun 2024 8.9 | Sep 2024 9.2 | Dec 2024 10.4 | Mar 2025 9.8 | Jun 2025 10.8 | Sep 2025 10.5 | Dec 2025 9.3 | Mar 2026 6.9
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 14.7 | Dec 2025 15.1 | Mar 2026 8.4
- EVERESTIND: Jun 2021 5.2 | Sep 2021 4.7 | Dec 2021 7.6 | Mar 2022 9.9 | Jun 2022 7.0 | Sep 2022 10.6 | Dec 2022 12.8 | Mar 2023 11.3 | Jun 2023 12.6 | Sep 2023 20.6 | Dec 2023 27.7 | Mar 2024 22.9 | Jun 2024 33.4 | Sep 2024 26.4 | Dec 2024 24.2 | Mar 2025 22.1 | Jun 2025 20.2 | Sep 2025 41.0 | Dec 2025 46.1 | Mar 2026 66.5

### 20-quarter P/BV history
- INTERARCH: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 3.5 | Dec 2024 4.3 | Mar 2025 3.7 | Jun 2025 4.9 | Sep 2025 4.3 | Dec 2025 4.9 | Mar 2026 3.6
- EPACKPEB: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 4.0 | Mar 2026 1.9
- PENIND: Jun 2021 0.6 | Sep 2021 0.6 | Dec 2021 0.7 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.8 | Dec 2022 1.0 | Mar 2023 1.4 | Jun 2023 1.5 | Sep 2023 1.9 | Dec 2023 2.0 | Mar 2024 2.2 | Jun 2024 2.9 | Sep 2024 2.6 | Dec 2024 2.9 | Mar 2025 2.7 | Jun 2025 3.5 | Sep 2025 3.2 | Dec 2025 2.5 | Mar 2026 1.7
- MBEL: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 3.7 | Dec 2025 3.7 | Mar 2026 2.2
- EVERESTIND: Jun 2021 1.2 | Sep 2021 1.4 | Dec 2021 1.6 | Mar 2022 2.1 | Jun 2022 1.6 | Sep 2022 2.0 | Dec 2022 2.2 | Mar 2023 2.2 | Jun 2023 2.7 | Sep 2023 3.0 | Dec 2023 3.7 | Mar 2024 2.8 | Jun 2024 3.2 | Sep 2024 2.8 | Dec 2024 2.0 | Mar 2025 1.1 | Jun 2025 1.4 | Sep 2025 1.8 | Dec 2025 1.5 | Mar 2026 0.8

## Market action

Interarch Building Solutions Ltd has the strongest one-year price move in Pre-Engineering Buildings at -16.3%. Everest Industries Ltd leads on Mansfield relative strength against NIFTY at -1.3%. 0 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

### Strongest one-year price performers
1. Interarch Building Solutions Ltd (INTERARCH): -16%
2. Everest Industries Ltd (EVERESTIND): -17%
3. M & B Engineering Ltd (MBEL): -26%
4. Pennar Industries Ltd (PENIND): -31%

### Strongest relative strength versus NIFTY 500
1. Everest Industries Ltd (EVERESTIND): -1.3%
2. Interarch Building Solutions Ltd (INTERARCH): -11%
3. Pennar Industries Ltd (PENIND): -14%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.

## Every company
- Interarch Building Solutions Ltd (INTERARCH) — market value ₹3.0K Cr; latest fundamentals Mar 2026
- EPack Prefab Technologies Ltd (EPACKPEB) — market value ₹2.5K Cr; latest fundamentals Mar 2026
- Pennar Industries Ltd (PENIND) — market value ₹2.2K Cr; latest fundamentals Mar 2026
- M & B Engineering Ltd (MBEL) — market value ₹1.7K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Everest Industries Ltd (EVERESTIND) — market value ₹831 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 3. Unverified: 2. Withheld: 0. Graded companies: 5.

2 of 5 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | MBEL | M & B Engineering Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | EVERESTIND | Everest Industries Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Pre-Engineering Buildings index?

The Nifty Pre-Engineering Buildings index tracks India's listed Pre-Engineering Buildings companies as a single basket. This page follows the same 5 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Pre-Engineering Buildings sector rather than to its largest constituent. Figures are as of Mar 2026.

### Which are the best Pre-Engineering Buildings stocks in India?

Ranked by this page's four-factor score, Interarch Building Solutions Ltd places first among 5 listed Pre-Engineering Buildings companies, followed by EPack Prefab Technologies Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Pre-Engineering Buildings stocks are listed in India?

This comparison covers 5 listed Pre-Engineering Buildings companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

### Which Pre-Engineering Buildings company is the biggest?

Pennar Industries Ltd is the largest, with trailing-twelve-month revenue of ₹3,621 crore, ahead of Interarch Building Solutions Ltd at ₹1,899 crore. That covers 5 of 5 companies with comparable reporting through Mar 2026.

### Which Pre-Engineering Buildings company is growing fastest?

EPack Prefab Technologies Ltd has the fastest revenue growth at 34.5% year on year, across 5 of 5 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Pre-Engineering Buildings company has the best profit margins?

Pennar Industries Ltd has the highest operating margin at 11%, from 5 of 5 comparable companies. Pennar Industries Ltd shows the biggest recent improvement, at +1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Pre-Engineering Buildings company makes the most profit?

Pennar Industries Ltd earns the most, at ₹139 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. EPack Prefab Technologies Ltd has the fastest profit growth at 55.9%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Pre-Engineering Buildings company earns the highest return on capital?

M & B Engineering Ltd leads on return on capital employed at 23%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Pre-Engineering Buildings stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — EPack Prefab Technologies Ltd screens cheapest at 0.43×. Only 3 of 5 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Pre-Engineering Buildings company has the strongest balance sheet?

Interarch Building Solutions Ltd carries the lowest comparable gross debt at ₹18 crore, from 5 of 5 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Pre-Engineering Buildings stock has the strongest price momentum?

Everest Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Pre-Engineering Buildings company scores highest for research priority?

Interarch Building Solutions Ltd scores 71.7 out of 100 with 84% evidence confidence, from 26.3 points on growth and earnings, 18.4 on capital efficiency, 15 on valuation and 12 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Pre-Engineering Buildings companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Pre-Engineering Buildings sector?

The 5 Pre-Engineering Buildings companies on this page carry ₹10,283 crore of combined market value. Interarch Building Solutions Ltd is the largest at ₹3,018 crore, about 29% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### How is the Pre-Engineering Buildings sector performing?

0 of the 3 covered Pre-Engineering Buildings companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/pre-engineering-buildings