Shankara Building Products Ltd

Shankara Building Products is one of the India's leading organized retailer of home improvement and building products in India.

Pros:
Company has reduced debt.
Company has been maintaining a healthy dividend payout of 24.28%
Cons:
Stock is trading at 3.10 times its book value
Company has low interest coverage ratio.
The company has delivered a poor growth of 4.55% over past five years.
Company has a low return on equity of 8.34% for last 3 years.

Peer Comparison Sector: Trading // Industry: Trading

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
482.10 522.39 452.83 518.72 505.30 502.46 561.89 678.33 698.77 574.01 530.87 548.72
467.31 506.94 438.32 500.73 486.19 482.38 537.03 651.44 672.62 559.96 515.95 538.98
Operating Profit 14.79 15.45 14.51 17.99 19.11 20.08 24.86 26.89 26.15 14.05 14.92 9.74
OPM % 3.07% 2.96% 3.20% 3.47% 3.78% 4.00% 4.42% 3.96% 3.74% 2.45% 2.81% 1.78%
Other Income 0.27 0.16 0.20 0.27 0.13 0.20 0.16 0.16 0.22 1.33 0.34 2.04
Interest 7.45 7.44 7.53 6.68 5.32 6.87 6.54 8.71 9.07 9.46 9.08 7.60
Depreciation 0.88 1.20 1.01 0.93 0.92 0.99 1.10 1.98 2.16 2.17 2.29 2.39
Profit before tax 6.73 6.97 6.17 10.65 13.00 12.42 17.38 16.36 15.14 3.75 3.89 1.79
Tax % 33.88% 36.01% 42.30% 35.77% 35.23% 36.47% 33.89% 36.25% 37.58% 14.93% 42.16% 12.85%
Net Profit 4.44 4.47 3.55 6.85 8.42 7.90 11.50 10.43 9.45 3.18 2.24 1.56
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
346.21 502.21 714.54 1,016.72 1,385.25 1,702.22 1,883.51 1,719.50 1,774.25 1,976.04 2,247.98 2,352.37
331.41 482.56 687.20 973.01 1,320.76 1,626.08 1,818.30 1,671.50 1,724.15 1,913.29 2,157.02 2,287.53
Operating Profit 14.80 19.65 27.34 43.71 64.49 76.14 65.21 48.00 50.10 62.75 90.96 64.84
OPM % 4.27% 3.91% 3.83% 4.30% 4.66% 4.47% 3.46% 2.79% 2.82% 3.18% 4.05% 2.76%
Other Income 0.19 0.18 0.31 2.90 0.25 0.27 0.45 0.66 0.82 0.89 0.64 3.93
Interest 3.40 5.15 8.27 13.85 21.04 31.94 38.69 38.63 29.11 29.10 27.45 35.20
Depreciation 0.45 0.91 1.80 1.20 2.27 4.00 3.66 3.58 3.26 4.02 4.98 9.02
Profit before tax 11.14 13.77 17.58 31.56 41.43 40.47 23.31 6.45 18.55 30.52 59.17 24.55
Tax % 37.88% 34.86% 35.04% 35.99% 32.95% 32.99% 17.07% 33.95% 41.73% 36.73% 35.36% 33.12%
Net Profit 6.92 8.97 11.43 20.20 27.78 27.12 19.34 4.25 10.81 19.30 38.25 16.43
EPS in Rs 16.74 7.19
Dividend Payout % 6.50% 7.53% 0.00% 0.00% 7.31% 7.81% 11.31% 51.46% 30.35% 32.56% 19.42% 20.86%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:16.70%
5 Years:4.55%
3 Years:9.86%
TTM:4.64%
Compounded Profit Growth
10 Years:5.78%
5 Years:-4.07%
3 Years:13.40%
TTM:-58.79%
Return on Equity
10 Years:9.79%
5 Years:6.71%
3 Years:8.34%
Last Year:4.92%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
4.50 4.50 14.26 20.31 20.31 21.17 21.87 21.87 21.87 22.85 22.85 22.85
Reserves 17.91 25.83 40.40 114.20 139.41 172.25 195.74 197.35 204.74 263.50 293.81 300.90
Borrowings 34.69 49.10 106.45 91.97 208.18 250.57 259.86 210.27 145.29 157.89 228.82 163.96
36.80 59.86 71.94 93.33 88.56 129.03 118.60 121.65 219.69 245.38 371.32 318.44
Total Liabilities 93.90 139.29 233.05 319.81 456.46 573.02 596.07 551.14 591.59 689.62 916.80 806.15
10.88 14.04 32.29 50.84 98.60 125.36 70.19 83.89 92.19 100.19 121.71 147.26
CWIP 0.00 0.00 0.00 0.00 0.48 0.11 0.00 0.00 0.00 0.00 0.00 1.16
Investments 0.01 0.51 0.01 8.01 8.00 13.25 37.01 38.01 38.01 38.98 38.48 38.46
83.01 124.74 200.75 260.96 349.38 434.30 488.87 429.24 461.39 550.45 756.61 619.27
Total Assets 93.90 139.29 233.05 319.81 456.46 573.02 596.07 551.14 591.59 689.62 916.80 806.15

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-18.03 -7.52 -45.18 20.17 45.29 109.49 110.42 48.19 -51.41 148.28
-4.44 -4.58 -50.27 -35.58 -24.91 -18.59 -11.39 -11.76 -47.80 -32.39
22.21 13.63 93.99 15.24 -21.16 -89.96 -99.84 -36.01 98.74 -108.62
Net Cash Flow -0.26 1.53 -1.46 -0.17 -0.78 0.94 -0.81 0.42 -0.47 7.27

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2006 Mar 2007 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 27.73% 21.47% 23.43% 21.03% 17.83% 13.47% 10.01% 11.89% 14.61% 17.50% 11.36%
Debtor Days 58.65 60.24 60.51 56.87 54.65 52.36 42.55 47.45 48.47 47.64 61.38 44.02
Inventory Turnover 18.59 14.29 14.11 14.60 12.13 12.42 12.58 11.79 12.11 10.74 9.06