Shankara Building Products Ltd

Shankara Building Products Ltd

₹ 117 -2.41%
28 Nov - close price
About

Shankara Building Products Ltd is one of the India's leading organized retailers of home improvement and building products in India. It caters to a large customer base spread across various end-user segments in urban and semi-urban markets through a retail led multi-channel approach.[1]

Key Points

Business Segments
The company is one of the largest omnichannel marketplaces for building products. It deals with a wide variety of steel materials, construction, plumbing and sanitary items, flooring, electrical, roofing, and other related products. [1] [2]
1) Retail (52% in FY25 vs 56% in FY23): As of FY25, the company has a total of 92 stores along with 32 fulfillment centers in 45 cities of 10 states and UTs with a strong presence in Karnataka, Tamil Nadu, Kerala, Telangana, Andhra Pradesh, Pondicherry & Goa. Newer markets include Maharashtra, Madhya Pradesh, and Gujarat. It has replaced 10 unprofitable stores with newer ones in different locations in the last 2 years. It is also transitioning existing steel stores to hybrid stores.

  • Market Cap 285 Cr.
  • Current Price 117
  • High / Low 295 / 112
  • Stock P/E 4.12
  • Book Value 97.1
  • Dividend Yield 2.56 %
  • ROCE 19.9 %
  • ROE 11.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 21.7% CAGR over last 5 years

Cons

  • Company has a low return on equity of 12.6% over last 3 years.
  • Promoter holding has decreased over last 3 years: -11.9%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
886.44 1,109.92 1,229.79 1,173.96 1,187.93 1,179.44 1,321.40 1,178.01 0.00 1,290.66 1,560.17 1,568.14 0.00
863.89 1,083.25 1,200.60 1,145.87 1,157.53 1,145.02 1,286.95 1,142.30 0.81 1,256.19 1,514.64 1,517.25 6.26
Operating Profit 22.55 26.67 29.19 28.09 30.40 34.42 34.45 35.71 -0.81 34.47 45.53 50.89 -6.26
OPM % 2.54% 2.40% 2.37% 2.39% 2.56% 2.92% 2.61% 3.03% 2.67% 2.92% 3.25%
2.86 3.38 0.81 0.30 0.64 1.62 4.12 0.33 0.54 0.64 1.30 0.36 0.32
Interest 5.21 5.25 6.11 6.99 7.59 8.12 8.96 13.12 0.00 9.41 8.65 9.04 0.00
Depreciation 2.35 2.32 2.56 2.29 2.34 2.44 2.39 2.47 0.48 2.54 2.43 2.45 0.49
Profit before tax 17.85 22.48 21.33 19.11 21.11 25.48 27.22 20.45 -0.75 23.16 35.75 39.76 -6.43
Tax % 20.06% 28.20% 26.44% 25.43% 25.58% 24.25% 24.32% 25.04% 46.67% 27.50% 22.63% 24.30% -13.69%
14.27 16.14 15.69 14.25 15.71 19.30 20.60 15.33 -1.10 16.79 27.66 30.10 -5.55
EPS in Rs 6.26 7.08 6.88 6.25 6.89 7.98 8.51 6.33 -0.45 6.94 11.43 12.44 -2.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,884 1,720 1,774 1,976 2,248 2,352 2,494 1,957 2,329 4,036 4,863 5,267 4,419
1,818 1,672 1,724 1,913 2,157 2,288 2,412 1,910 2,263 3,935 4,735 5,121 4,294
Operating Profit 65 48 50 63 91 65 82 47 66 101 127 147 125
OPM % 3% 3% 3% 3% 4% 3% 3% 2% 3% 2% 3% 3% 3%
0 1 1 1 1 4 4 6 2 7 7 3 3
Interest 39 39 29 29 27 35 32 22 21 22 32 42 27
Depreciation 4 4 3 4 5 9 19 17 11 10 9 10 8
Profit before tax 23 6 19 31 59 25 36 14 36 76 93 97 92
Tax % 17% 34% 42% 37% 35% 33% 24% 29% 25% 25% 25% 25%
19 4 11 19 38 16 27 10 27 57 70 73 69
EPS in Rs 8.83 1.94 4.94 8.46 16.78 7.21 11.96 4.38 11.95 25.01 28.87 30.17 28.52
Dividend Payout % 11% 51% 30% 33% 19% 21% 17% 0% 8% 10% 10% 10%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 31%
TTM: 20%
Compounded Profit Growth
10 Years: 32%
5 Years: 22%
3 Years: 40%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: 7%
3 Years: -13%
1 Year: -28%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 13%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 22 22 22 23 23 23 23 23 23 23 24 24 24
Reserves 196 197 205 264 294 301 316 327 354 435 577 643 211
260 210 145 158 229 164 199 193 149 114 78 57 0
118 121 219 243 368 316 438 208 325 539 627 745 9
Total Liabilities 596 551 591 687 914 804 976 751 851 1,112 1,307 1,469 244
70 84 92 100 122 147 183 161 168 193 207 209 178
CWIP 0 0 0 0 0 1 0 2 2 4 3 6 11
Investments 37 38 38 39 38 38 48 39 39 39 39 39 39
488 429 461 548 753 617 744 549 643 876 1,058 1,215 17
Total Assets 596 551 591 687 914 804 976 751 851 1,112 1,307 1,469 244

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
45 109 110 48 -51 148 68 11 80 75 37 83
-25 -19 -11 -12 -48 -32 -25 2 -16 -41 -20 -18
-21 -90 -100 -36 99 -109 -49 -14 -65 -30 6 -71
Net Cash Flow -1 1 -1 0 -0 7 -6 -1 -1 4 23 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 43 47 48 48 61 44 59 52 53 45 48 53
Inventory Days 29 31 36 32 45 44 49 49 47 32 27 28
Days Payable 22 24 44 43 61 49 66 37 50 48 46 52
Cash Conversion Cycle 49 54 40 37 45 39 42 64 50 29 29 29
Working Capital Days 61 8 8 6 17 16 18 41 37 25 25 26
ROCE % 13% 10% 12% 15% 18% 11% 13% 7% 11% 18% 20% 20%

Shareholding Pattern

Numbers in percentages

15 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
52.11% 52.20% 52.20% 52.20% 52.24% 49.23% 49.23% 49.23% 49.25% 49.25% 40.17% 40.17%
8.16% 8.16% 9.88% 11.45% 11.68% 11.76% 10.35% 7.95% 5.86% 5.69% 10.55% 12.27%
4.52% 5.69% 5.36% 6.01% 6.29% 5.13% 4.74% 4.79% 5.04% 5.03% 10.06% 10.18%
35.22% 33.94% 32.57% 30.34% 29.79% 33.88% 35.71% 38.06% 39.86% 40.03% 39.22% 37.38%
No. of Shareholders 20,22119,45320,32224,71229,08331,74332,56435,85832,83731,58727,25129,661

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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