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 ₹ 269 Cr.
- Current Price ₹ 110
- High / Low ₹ 295 / 100
- Stock P/E 3.90
- Book Value ₹ 97.1
- Dividend Yield 2.71 %
- ROCE 19.9 %
- ROE 11.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.14 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.
- 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
Part of BSE Allcap BSE Consumer Discretionary
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 | 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: | 3% |
| 3 Years: | -12% |
| 1 Year: | -23% |
| 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% |
Documents
Announcements
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 3 Feb
-
Board Meeting Intimation for The Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended 31St December, 2025.
2 Feb - Board meeting on 10 Feb 2026 to approve unaudited Q3/9M results for period ended 31 Dec 2025; trading window closed.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Jan
-
Listing Of Equity Shares Of Shankara Buildpro Limited Pursuant To The Scheme Of Arrangement
7 Jan - Shankara Buildpro shares listed on BSE and NSE effective January 09, 2026.
-
Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015-Winding Up Of Subsidiary Company Domiciled In Singapore
5 Jan - Steel Network Holdings Pte Ltd liquidated effective 26 Dec 2025; certificate received 4 Jan 2026; no revenue.
Annual reports
Concalls
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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.