Shankara Building Products Ltd

Shankara Building Products Ltd

₹ 711 1.88%
24 Apr - 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

Retail Segment
Company runs 90+ retail stores operating under the brand "Shankara Buildpro". The stores are spread across South, West and East India. Its retail footprint spans across ~4.5 lakh sq. ft with an average store size of ~4,700 sq. ft.[1]

  • Market Cap 1,724 Cr.
  • Current Price 711
  • High / Low 929 / 626
  • Stock P/E 26.5
  • Book Value 199
  • Dividend Yield 0.35 %
  • ROCE 17.8 %
  • ROE 13.7 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 45.9 days to 28.9 days

Cons

  • Stock is trading at 3.57 times its book value
  • Promoter holding has decreased over last quarter: -2.97%
  • Company has a low return on equity of 8.31% over last 3 years.

* 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

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
540 618 424 570 560 775 810 886 1,110 1,230 1,174 1,188 1,179
516 599 411 554 546 752 788 864 1,083 1,201 1,146 1,158 1,145
Operating Profit 25 20 13 16 14 23 22 23 27 29 28 30 34
OPM % 5% 3% 3% 3% 2% 3% 3% 3% 2% 2% 2% 3% 3%
2 -0 0 1 0 1 0 3 3 1 0 1 2
Interest 5 5 5 5 5 5 5 5 5 6 7 8 8
Depreciation 4 3 3 3 3 3 2 2 2 3 2 2 2
Profit before tax 17 11 5 9 6 16 15 18 22 21 19 21 25
Tax % 11% 28% 25% 24% 27% 24% 25% 20% 28% 26% 25% 26% 24%
15 8 4 7 4 12 11 14 16 16 14 16 19
EPS in Rs 6.73 3.40 1.56 3.11 1.83 5.42 4.78 6.25 7.06 6.87 6.24 6.88 7.96
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,385 1,702 1,884 1,720 1,774 1,976 2,248 2,352 2,494 1,957 2,329 4,036 4,771
1,321 1,626 1,818 1,672 1,724 1,913 2,157 2,288 2,412 1,910 2,263 3,936 4,650
Operating Profit 64 76 65 48 50 63 91 65 82 47 66 100 122
OPM % 5% 4% 3% 3% 3% 3% 4% 3% 3% 2% 3% 2% 3%
0 0 0 1 1 1 1 4 4 6 2 7 3
Interest 21 32 39 39 29 29 27 35 32 22 21 22 28
Depreciation 2 4 4 4 3 4 5 9 19 17 11 10 10
Profit before tax 41 40 23 6 19 31 59 25 36 14 36 76 87
Tax % 33% 33% 17% 34% 42% 37% 35% 33% 24% 29% 25% 25%
28 27 19 4 11 19 38 16 27 10 27 57 65
EPS in Rs 13.68 12.81 8.84 1.94 4.94 8.45 16.74 7.19 11.94 4.37 11.92 24.95 27.95
Dividend Payout % 7% 8% 11% 51% 30% 33% 19% 21% 17% 0% 8% 10%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 17%
TTM: 33%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: 28%
TTM: 21%
Stock Price CAGR
10 Years: %
5 Years: 6%
3 Years: 23%
1 Year: 9%
Return on Equity
10 Years: 8%
5 Years: 8%
3 Years: 8%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 20 21 22 22 22 23 23 23 23 23 23 23 23
Reserves 139 172 196 197 205 264 294 301 316 327 354 435 460
208 251 260 210 145 158 229 164 199 193 149 114 153
88 128 118 121 219 243 368 316 438 208 325 539 574
Total Liabilities 456 572 596 551 591 687 914 804 976 751 851 1,112 1,209
99 125 70 84 92 100 122 147 183 161 168 193 202
CWIP 0 0 0 0 0 0 0 1 0 2 2 4 0
Investments 8 13 37 38 38 39 38 38 48 39 39 39 39
349 434 488 429 461 548 753 617 744 549 643 876 968
Total Assets 456 572 596 551 591 687 914 804 976 751 851 1,112 1,209

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-45 20 45 109 110 48 -51 148 68 11 80 75
-50 -36 -25 -19 -11 -12 -48 -32 -25 2 -16 -41
94 15 -21 -90 -100 -36 99 -109 -49 -14 -65 -30
Net Cash Flow -1 -0 -1 1 -1 0 -0 7 -6 -1 -1 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 55 52 43 47 48 48 61 44 59 52 53 45
Inventory Days 33 39 29 31 36 32 45 44 49 49 47 32
Days Payable 20 25 22 24 44 43 61 49 66 37 50 48
Cash Conversion Cycle 68 67 49 54 40 37 45 39 42 64 50 29
Working Capital Days 67 64 61 52 38 33 54 40 42 61 48 29
ROCE % 21% 18% 13% 10% 12% 15% 18% 11% 13% 7% 11% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.45% 56.48% 56.48% 52.10% 52.10% 52.11% 52.11% 52.20% 52.20% 52.20% 52.24% 49.23%
23.67% 22.68% 22.65% 8.66% 8.08% 8.23% 8.16% 8.16% 9.88% 11.45% 11.68% 11.76%
4.33% 4.33% 4.32% 4.15% 4.22% 4.30% 4.52% 5.69% 5.36% 6.01% 6.29% 5.13%
15.55% 16.51% 16.55% 35.08% 35.60% 35.37% 35.22% 33.94% 32.57% 30.34% 29.79% 33.88%
No. of Shareholders 22,89326,32824,61521,53620,20819,72120,22119,45320,32224,71229,08331,743

* 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.

Click on the line-items to see the names of individual entities.

Documents

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