FCC

Euro Panel Products Becomes First ACP Firm Listed on NSE & BSE

2025-08-01

Euro Panel Products, the maker of EUROBOND metal composite panels, has become the first Indian aluminium composite panel (ACP) manufacturer to be listed on both the NSE and BSE mainboards. The company has successfully migrated from the NSE Emerge SME platform to the main exchanges, marking a significant step in its capital markets journey.

The firm was the first ACP manufacturer in India to go public in December 2021, with an IPO issue price of Rs 70. Since then, it has delivered over 178 per cent returns to investors. The company’s migration to the mainboard reflects its strong growth trajectory, sound financials, and long-term vision of building a globally respected Indian brand in façade solutions.

Rajesh Shah, Managing Director, Euro Panel Products, said, “This marks a significant milestone in our journey. We are not just here to sell shares, but to share a vision rooted in innovation and trust. Our continued investments aim at scaling operations, improving efficiency, and building a sustainable future.”

Eurobond operates in a fast-growing façade materials industry, which, according to Grant Thornton data, is expanding at a CAGR of 7.3 per cent. The organised sector is growing even faster—at a 20 per cent higher rate—making Euro Panel Products the only publicly listed player in a promising segment.

The company is currently undertaking backward integration by installing a second coating line and upgrading to a next-generation production line, which will increase daily capacity from 25,000 to 27,000 sq m. It is also setting up a 2.2 MW solar power plant expected to offset 50 per cent of its factory’s energy use.

In FY24-25, the company reported a 26 per cent rise in profit after tax (PAT) to Rs 18 crore and posted product sales of Rs 4.23 billion, a 7 per cent increase over the previous year. The firm also achieved its highest-ever net profit, reflecting a 36 per cent compound growth in PAT over five years.

Eurobond’s strategic roadmap includes global expansion and product innovation, supported by international partnerships such as its exclusive collaboration with RHEINZINK. With exports to 20 countries and an expanding global footprint, the company is well-positioned for long-term growth.