Shankara Building Products Ltd
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]
- Market Cap ₹ 336 Cr.
- Current Price ₹ 139
- High / Low ₹ 295 / 115
- Stock P/E 3.84
- Book Value ₹ 276
- Dividend Yield 2.16 %
- ROCE 19.9 %
- ROE 11.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.50 times its book value
- 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.
- Company's cost of borrowing seems high
- 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.
Peer comparison
Consumer Discretionary Consumer Services Retailing Speciality Retail
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 5,658 | |
| 1,818 | 1,672 | 1,724 | 1,913 | 2,157 | 2,288 | 2,412 | 1,910 | 2,263 | 3,935 | 4,735 | 5,121 | 5,496 | |
| Operating Profit | 65 | 48 | 50 | 63 | 91 | 65 | 82 | 47 | 66 | 101 | 127 | 147 | 162 |
| 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 | 38 |
| Depreciation | 4 | 4 | 3 | 4 | 5 | 9 | 19 | 17 | 11 | 10 | 9 | 10 | 10 |
| Profit before tax | 23 | 6 | 19 | 31 | 59 | 25 | 36 | 14 | 36 | 76 | 93 | 97 | 116 |
| 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 | 88 | |
| 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 | 36.28 |
| 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: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 22% |
| 3 Years: | 40% |
| TTM: | 24% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | -8% |
| 1 Year: | 2% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 24 | 24 |
| Reserves | 196 | 197 | 205 | 264 | 294 | 301 | 316 | 327 | 354 | 435 | 577 | 643 |
| 260 | 210 | 145 | 158 | 229 | 164 | 199 | 193 | 149 | 114 | 78 | 57 | |
| 118 | 121 | 219 | 243 | 368 | 316 | 438 | 208 | 325 | 539 | 627 | 745 | |
| Total Liabilities | 596 | 551 | 591 | 687 | 914 | 804 | 976 | 751 | 851 | 1,112 | 1,307 | 1,469 |
| 70 | 84 | 92 | 100 | 122 | 147 | 183 | 161 | 168 | 193 | 207 | 209 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 2 | 4 | 3 | 6 |
| Investments | 37 | 38 | 38 | 39 | 38 | 38 | 48 | 39 | 39 | 39 | 39 | 39 |
| 488 | 429 | 461 | 548 | 753 | 617 | 744 | 549 | 643 | 876 | 1,058 | 1,215 | |
| Total Assets | 596 | 551 | 591 | 687 | 914 | 804 | 976 | 751 | 851 | 1,112 | 1,307 | 1,469 |
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% |
Documents
Announcements
-
Board Meeting Intimation for For The Financial Results For The Quarter And Half Year Ended September 30, 2025
1d - Board meeting on 13 Nov 2025 to approve unaudited Q2/H1 results; trading window closed Oct 1 to post-results.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 18 Oct
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
18 Oct - Authorizing two KMPs — Sukumar Srinivas (MD) and Ramesh S (Company Secretary) to determine materiality and disclose to exchanges.
-
Authorization To Determine Materiality Of An Event Or Information
18 Oct - Company authorises three KMPs (Sukumar Srinivas, Dhananjay M. Srinivas, Ramesh S) to determine materiality and disclose.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 13 Oct
Annual reports
Concalls
-
Aug 2025Transcript PPT REC
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT REC
-
Dec 2023Transcript PPT
-
Nov 2023TranscriptPPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Mar 2021TranscriptPPT
-
Jan 2021TranscriptNotesPPT
-
Dec 2020Transcript PPT
-
Aug 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Jul 2020Transcript PPT
-
Mar 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Sep 2019Transcript PPT
-
May 2019Transcript PPT
-
Mar 2019Transcript PPT
-
Dec 2018TranscriptPPT
-
Nov 2018Transcript PPT
-
Aug 2018Transcript PPT
-
May 2018TranscriptPPT
-
May 2018Transcript PPT
-
May 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Feb 2018Transcript PPT
-
Jan 2018TranscriptNotesPPT
-
Nov 2017Transcript PPT
-
Sep 2017Transcript PPT
-
Aug 2017Transcript PPT
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.