Mr. Murli Manohar Ramshankar Kabra, aged 60 years, is one of the Promotors of our Company. He has been part of the Board since inception and is currently designated as Managing Director of our Company with effect from January 4, 2024. He has completed his Diploma in Mechanical Engineering conducted by Government Polytechnic College, Bhopal (MP). He has a long standing and rich experience of more than 2 decades in window & façade industry. He has been a part of numerous Indian projects and worked with both Indian & International Brands. Mr. Rajesh Kabra, aged 58 years, is one of the Promotors of our Company. He has been part of the Board since inception and is currently designated as Executive Director of our Company. He has completed is LLB from Dr Harisingh Gour Vishwavidyalaya, Sagar (M.P.) He manages the complete Logistics from the manufacturing facility to construction site. He has an extensive experience of more than 2 decades in in window & façade industry. He has strong connections in the diverse segment of supply chain of fenestration & façade industry. Mr. Jagmohan Ramshankar Kabra, aged 63 years, is one of the Promoters and an Executive Director of our Company. He overlooks the entire 155 manufacturing facility. He has obtained his Degree in Masters of Commerce from Sagar University, Hoshangabad (M.P). He has a rich experience of more than a decade in window & façade industry. He has strong people connection which helps and directs the Company on a broader scale.

Name of the Companies	Revenue (Cr)	Profit (Cr)	EPS	P/E	CMP	MCap (Cr)
Aluwind Architectural Limited	49	2.7	1.08	41.6	45	112
Innovators Façade Systems Ltd	181	8	4.46	25.6	167	315

*All the Data is as per 2023

Review and Recommendation of Aluwind Architectural by team IZ is 4/10. 1. Incorporated in 2003 as Aluwind Architectural Private Limited, the company embarked on a journey to take over and further expand the business initially established by M/s. Alu-Wind Industries. Transforming into a public limited entity in 2023. 2. Operational Excellence: Operating from a state-of-the-art facility in Pune, the company specializes in a wide range of aluminum products, including windows, doors, curtain walls, and glazing systems. Advanced manufacturing processes, complemented by a powder coating facility and CNC machines, underscore Aluwind's commitment to precision and quality. The facility's organized structure for manufacturing, testing, and storage enhances efficiency, supported by specialized machinery for distinctive product offerings. 3. Market Presence: Aluwind's expansive reach across major Indian cities such as Mumbai, Pune, Bangalore, and Hyderabad signifies its robust market presence. The company's ability to execute a multitude of projects and manage a diverse portfolio underlines its comprehensive service approach and nationwide commitment to customer satisfaction. 4. Strategic Collaborations: The partnership with Eternia from Hindalco (Aditya Birla Group) as an anchor partner for the MMRDA region is a testament to Aluwind's dedication to quality and innovation. This collaboration not only strengthens its product offerings but also positions Aluwind as a key player in the fenestration industry, aiming to meet and exceed modern architectural demands. 5. Key Offerings: Aluwind's product portfolio spans across: - Systemized Doors & Windows                                 - Curtain Walls - Structural Glazing                                                      - Unitized Glazing - Spider Glazing                                                            - Aluminium Composite Panel (ACP) - Skylight                                                                        - Railing & Balustrades - Canopy Each offering is designed with precision, integrating high-grade materials and advanced manufacturing techniques to meet the unique requirements of modern architecture and construction projects. 6. SWOT Analysis Strengths :-  Experienced management with industry expertise, Customer goal centric-customised strategies , Optimum use of technological infrastructure and Strong customer relationship. Weakness :- Dependency on Raw Materials and Limited Personalization at higher scalability. Opportunities :- Overall market growth and expansion, Cost and business process optimisation due to technological advancements  and Strategic Partnerships for customer acquisition. Threats :- Competitive risks from established players and new entrants, Raw Material Price Volatility and Technological Disruption . 7. Industry Competition: Navigating a competitive landscape, Aluwind differentiates itself through agile market response, diverse product range, and integrated solutions tailored to customer needs. With a focus on quality, innovation, and safety, the company is poised for further growth, aiming to secure a larger market share and continuously improve its offerings. 8. The Revenue has Increased from Rs.21 Crore in FY21 to Rs.49 Crore in FY23. 9. The EBITDA has Increased from 2 Crore in FY21 to 4 Crore in FY23. 10. The PAT has Increased from 77 Lakhs in FY21 to 2 Crore in FY23. 11. As per FY23, CFO/EBITDA is 0.99, As per FY24, EPS is 3.00, 12. Market Capitalization is 112 Crore & P/E is 14.99x based on FY24.

Aluwind Architectural Limited 604, Palm Spring Centre Link Road, Malad (West) Mumbai City, Mumbai - 400064 Phone: 022- 35135036 Email: compliance@aluwind.net Website: https://www.aluwind.net/