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 ₹ 280 Cr.
- Current Price ₹ 116
- High / Low ₹ 295 / 98.2
- Stock P/E
- Book Value ₹ 97.5
- Dividend Yield 2.58 %
- ROCE -1.34 %
- ROE -1.46 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.19 times its book value
- Promoter holding has increased by 4.27% over last quarter.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -42.0% over past five years.
- Company has a low return on equity of 8.38% over last 3 years.
- Promoter holding has decreased over last 3 years: -7.74%
* 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 Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,720 | 1,774 | 1,976 | 2,248 | 2,352 | 2,494 | 1,957 | 2,329 | 4,036 | 4,863 | 5,267 | 129 | |
| 1,672 | 1,724 | 1,913 | 2,157 | 2,288 | 2,412 | 1,910 | 2,263 | 3,935 | 4,735 | 5,121 | 139 | |
| Operating Profit | 48 | 50 | 63 | 91 | 65 | 82 | 47 | 66 | 101 | 127 | 147 | -11 |
| OPM % | 3% | 3% | 3% | 4% | 3% | 3% | 2% | 3% | 2% | 3% | 3% | -8% |
| 1 | 1 | 1 | 1 | 4 | 4 | 6 | 2 | 7 | 7 | 3 | 6 | |
| Interest | 39 | 29 | 29 | 27 | 35 | 32 | 22 | 21 | 22 | 32 | 42 | 0 |
| Depreciation | 4 | 3 | 4 | 5 | 9 | 19 | 17 | 11 | 10 | 9 | 10 | 2 |
| Profit before tax | 6 | 19 | 31 | 59 | 25 | 36 | 14 | 36 | 76 | 93 | 97 | -7 |
| Tax % | 34% | 42% | 37% | 35% | 33% | 24% | 29% | 25% | 25% | 25% | 25% | 2% |
| 4 | 11 | 19 | 38 | 16 | 27 | 10 | 27 | 57 | 70 | 73 | -7 | |
| EPS in Rs | 1.94 | 4.94 | 8.46 | 16.78 | 7.21 | 11.96 | 4.38 | 11.95 | 25.01 | 28.87 | 30.17 | -2.79 |
| Dividend Payout % | 51% | 30% | 33% | 19% | 21% | 17% | 0% | 8% | 10% | 10% | 10% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -23% |
| 5 Years: | -42% |
| 3 Years: | -68% |
| TTM: | -98% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -109% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | -9% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 24 | 24 | 24 |
| Reserves | 197 | 205 | 264 | 294 | 301 | 316 | 327 | 354 | 435 | 577 | 643 | 212 |
| 210 | 145 | 158 | 229 | 164 | 199 | 193 | 149 | 114 | 78 | 57 | 0 | |
| 121 | 219 | 243 | 368 | 316 | 438 | 208 | 325 | 539 | 627 | 745 | 15 | |
| Total Liabilities | 551 | 591 | 687 | 914 | 804 | 976 | 751 | 851 | 1,112 | 1,307 | 1,469 | 251 |
| 84 | 92 | 100 | 122 | 147 | 183 | 161 | 168 | 193 | 207 | 209 | 189 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 2 | 4 | 3 | 6 | 9 |
| Investments | 38 | 38 | 39 | 38 | 38 | 48 | 39 | 39 | 39 | 39 | 39 | 39 |
| 429 | 461 | 548 | 753 | 617 | 744 | 549 | 643 | 876 | 1,058 | 1,215 | 13 | |
| Total Assets | 551 | 591 | 687 | 914 | 804 | 976 | 751 | 851 | 1,112 | 1,307 | 1,469 | 251 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 109 | 110 | 48 | -51 | 148 | 68 | 11 | 80 | 75 | 37 | 83 | -4 | |
| -19 | -11 | -12 | -48 | -32 | -25 | 2 | -16 | -41 | -20 | -18 | -29 | |
| -90 | -100 | -36 | 99 | -109 | -49 | -14 | -65 | -30 | 6 | -71 | -7 | |
| Net Cash Flow | 1 | -1 | 0 | -0 | 7 | -6 | -1 | -1 | 4 | 23 | -6 | -40 |
| Free Cash Flow | 92 | 99 | 36 | -67 | 116 | 53 | 2 | 64 | 35 | 15 | 65 | -33 |
| CFO/OP | 235% | 232% | 87% | -27% | 241% | 96% | 28% | 134% | 89% | 46% | 74% | 36% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 48 | 48 | 61 | 44 | 59 | 52 | 53 | 45 | 48 | 53 | 0 |
| Inventory Days | 31 | 36 | 32 | 45 | 44 | 49 | 49 | 47 | 32 | 27 | 28 | 0 |
| Days Payable | 24 | 44 | 43 | 61 | 49 | 66 | 37 | 50 | 48 | 46 | 52 | |
| Cash Conversion Cycle | 54 | 40 | 37 | 45 | 39 | 42 | 64 | 50 | 29 | 29 | 29 | 0 |
| Working Capital Days | 8 | 8 | 6 | 17 | 16 | 18 | 41 | 37 | 25 | 25 | 26 | -7 |
| ROCE % | 10% | 12% | 15% | 18% | 11% | 13% | 7% | 11% | 18% | 20% | 20% | -1% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Stores (Retail) Number |
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| Retail Space Area Lakh Sq. Ft. |
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| Fulfilment Centers Number |
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| Manufacturing Capacity Utilization % |
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| Steel Sales Volume Lakh Tonne |
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| Same Store Sales Growth (SSSG) % |
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Extracted by Screener AI
Documents
Announcements
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Financial Results 31/03/2026
1d - Board approved FY26 audited results, new independent director, MoA object clause change, and AGM on 18 Jun 2026.
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Board Meeting Outcome for Outcome Of Board Meeting
1d - FY26 audited standalone and consolidated results approved; independent director appointed; AGM on 18 June 2026.
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Board Meeting Intimation for The Audited Financial Results (Standalone & Consolidated) As Per The Indian Accounting Standards (Ind-AS) For The Quarter And Year Ended March 31, 2026
27 Apr - Board to meet on May 5, 2026 for FY26 audited results and memorandum object-clause alteration.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
20 Apr - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
1 Apr - Ballygunge Family Trust acquired 65,724 shares (0.271%) on March 31, 2026; stake now 4.54%.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Aug 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Dec 2020Transcript PPT
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Dec 2018TranscriptPPT
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Nov 2017Transcript PPT
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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.