Aluwind Infra-Tech Ltd is a leading manufacturer of custom aluminum and glass architectural products, such as curtain walls, windows, doors, and facades. Offers tailored architectural designs for aluminum and glass structures.
Company was incorporated on April 22, 2003 by Mr. MM Kabra and went public on April 4, 2024 Listed in NSE SME.
Current Market Cap - 194Cr, Listed in NSE: SME
Products:
- System Doors & Windows
- Railings & Balustrades
- Curtain Walls
- Structural Glazing
- Unitize Glazing
- Spider Glazing
- Aluminium Composite Panel
- Sky Light
- Canopy
- Powder Coating Facility.
Growth Drivers:
- Robust orderbook (350Cr+) and consistent order inflows.
- Industry Outlook & Market Demand - Growing demand for green buildings and sustainable practices is driving growth in the real estate sector, especially in office and retail segments.
- Industry Tailwind - The Indian facade industry is witnessing substantial expansion, with forecasts suggesting a Compound Annual Growth Rate (CAGR) of 8.3% from 2023 to 2028. The market is expected to reach USD 4,254.5 million by 2028, up from USD 2,638.2 million in 2022.
- Rising public infrastructure, offices, shopping centers, and factories, coupled with rapid urbanization and real estate growth, are driving demand for residential and commercial construction. Additionally, the focus on sustainable and eco-friendly building practices is boosting the need for advanced façade systems.
Clientele:
Clients include L&T Group, Lodha Developers, Hyatt, Godrej Properties, Oberoi Realty, Piramal Realty, McDonald’s, JCB, Thermax etc.
Order Book & Recent Order Inflows: As per my view company’s current orderbook looks very exciting. Nice order inflows from L&T.
Total 302Cr of Orderbook as of 25th May 2025.
+19.2Cr order from L&T Construction on 1st June 2025,
+15.6Cr order from L&T on 7th August 2025. (For Mumbai-Ahmedabad High Speed Rail facade)
+23.8Cr order from Larsen & Toubro Limited on 12th August 2025.
Business Operations and Capex:
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Use of Advanced Materials: The company uses a trademarked, state-of-the-art aluminum alloy called “Duranium,” a trademark of Hindalco, which has a sleek, modern finish, corrosion resistance, and more strength and better finish as compared to as compare to 6063-T6 alloy. Windows made out of Duranium offers better noise protection and strength.
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Partnership with Erternia, Hindalco: The company is the Anchor Partner for Hindalco Industries Limited’s (Aditya Birla Group) premium aluminum window and door brand, Eternia, in the Mumbai Metropolitan Region (MMR). This partnership will help Aluwind to build high-performance and reliable fenestration solutions.
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Before June 2025 Aluwind had a capacity of 18600 square metre per month for window and
facade both. -
Capacity Utilization (Q1 FY26) - 50%.
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Capacity Expansion (Completed) - 3162 square metre per month for window and
facade both. Additional Capex has been operational from 28th June 2025. A full utilization might be possible from H2 FY26 onwards. -
Company is using recently purchased CNC Machines to increase production capacity of doors, windows, facades, HST sliding structures.
Experienced Top Management:
- Mr. Murli Manohar Ramshankar Kabra (Managing Director) - He has 20 years of experience and responsible for strategic direction and execution of over 500 projects across India.
- Mr. Rajesh Kabra (Executive Director and Co-founder) - He has over 20 years of experience in procurement and supply chain management. Responsible for logistics and sourcing, with extensive connections in the aluminum industry.
- Mr. Jagmohan Ramshankar Kabra (Executive Director) - Heads the manufacturing unit in Pune and is responsible for production operations. He holds more than a decade of industry experience.
- Ms. Varsha Amrutlal Shah (CFO) - She has over 2 Decade of experience in the field of Finance and Accounts and have been associated with our Company since February
10, 2014. She currently is the Chief Financial Officer of our Company
heading the Finance Department of the Company.
Risks:
- Dependence on subcontractors and supplier.
- Any slowdown in the real estate sector in India could significantly decrease the demand for the products.
- Profit margin depends on Aluminum Prices.
Strength:
- Robust Orderbook (350Cr+) with average execution timeline of less than 24months.
- Timely Project Execution track record.
- Significant Capacity Expansion on Window and facade (3162 Squire meter)
- Use of cutting edge technology and 5 axis CNC Automation Machines.
- Constant focus on R&D and Partnership with Eeternia.
- Reupdated & diversified clientele across various industries (Action Construction, Renewable Energy, Pharma, Logistics & Supply Chain, Nuclear Research & Development, Food & Beverage, Heavy Machinery etc.)
Financial Performance:
- Though margin was subdued in FY25 (11%) compared to 14% in FY 24, PAT remained stable due to 31% Revenue Growth.
Disclosure: Invested at a low quantity level. Kindly do your own Due Diligence before taking any investment decision.