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 ₹ 1,562 Cr.
- Current Price ₹ 684
- High / Low ₹ 929 / 574
- Stock P/E 22.0
- Book Value ₹ 295
- Dividend Yield 0.37 %
- ROCE 15.6 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 58.1 days to 38.7 days
Cons
- Promoter holding has decreased over last quarter: -3.01%
- Company has a low return on equity of 6.77% over last 3 years.
- Company's cost of borrowing seems high
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,412 | 1,766 | 1,927 | 1,979 | 2,036 | 2,310 | 2,549 | 2,546 | 2,640 | 2,038 | 2,418 | 4,030 | 4,565 | |
1,342 | 1,680 | 1,838 | 1,889 | 1,916 | 2,159 | 2,373 | 2,447 | 2,525 | 1,967 | 2,333 | 3,912 | 4,431 | |
Operating Profit | 70 | 87 | 89 | 90 | 120 | 152 | 175 | 99 | 115 | 71 | 85 | 117 | 134 |
OPM % | 5% | 5% | 5% | 5% | 6% | 7% | 7% | 4% | 4% | 4% | 4% | 3% | 3% |
0 | 0 | 1 | 1 | 1 | 1 | 1 | 9 | 5 | 6 | 3 | 8 | 5 | |
Interest | 23 | 35 | 42 | 47 | 46 | 51 | 46 | 47 | 43 | 33 | 24 | 24 | 27 |
Depreciation | 3 | 5 | 6 | 9 | 10 | 11 | 14 | 15 | 25 | 24 | 17 | 16 | 16 |
Profit before tax | 45 | 48 | 42 | 35 | 65 | 90 | 116 | 46 | 51 | 20 | 46 | 84 | 96 |
Tax % | 31% | 33% | 32% | 35% | 37% | 35% | 36% | 29% | 22% | 31% | 25% | 25% | |
31 | 32 | 29 | 23 | 41 | 59 | 74 | 33 | 40 | 14 | 34 | 63 | 71 | |
EPS in Rs | 14.71 | 15.03 | 13.13 | 10.32 | 18.62 | 25.72 | 32.29 | 14.33 | 17.45 | 6.06 | 15.02 | 27.59 | 31.07 |
Dividend Payout % | 7% | 7% | 8% | 10% | 8% | 11% | 10% | 10% | 11% | 0% | 7% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 15% |
TTM: | 47% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | -3% |
3 Years: | 16% |
TTM: | 52% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 25% |
1 Year: | -9% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 141 | 179 | 211 | 231 | 269 | 367 | 433 | 456 | 485 | 499 | 533 | 594 | 650 |
222 | 275 | 284 | 293 | 223 | 223 | 248 | 197 | 278 | 169 | 133 | 88 | 125 | |
96 | 134 | 158 | 179 | 285 | 329 | 509 | 435 | 389 | 235 | 352 | 587 | 634 | |
Total Liabilities | 480 | 609 | 676 | 725 | 799 | 942 | 1,213 | 1,112 | 1,175 | 926 | 1,041 | 1,292 | 1,432 |
109 | 138 | 175 | 205 | 233 | 259 | 297 | 253 | 282 | 256 | 258 | 281 | 287 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 2 | 2 | 4 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
370 | 472 | 501 | 521 | 566 | 683 | 916 | 855 | 892 | 667 | 781 | 1,007 | 1,144 | |
Total Assets | 480 | 609 | 676 | 725 | 799 | 942 | 1,213 | 1,112 | 1,175 | 926 | 1,041 | 1,292 | 1,432 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-44 | 9 | 64 | 80 | 159 | 106 | 40 | 171 | -30 | 133 | 70 | 92 | |
-51 | -33 | -38 | -40 | -38 | -37 | -74 | -48 | 55 | -8 | -18 | -45 | |
94 | 23 | -26 | -40 | -122 | -69 | 34 | -115 | -21 | -128 | -60 | -43 | |
Net Cash Flow | -1 | -1 | 1 | -0 | 0 | 0 | -1 | 8 | 4 | -3 | -8 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 56 | 54 | 47 | 48 | 50 | 49 | 61 | 48 | 59 | 53 | 53 | 46 |
Inventory Days | 37 | 42 | 46 | 48 | 53 | 52 | 69 | 60 | 61 | 61 | 61 | 41 |
Days Payable | 20 | 25 | 25 | 29 | 48 | 48 | 76 | 60 | 55 | 40 | 52 | 50 |
Cash Conversion Cycle | 73 | 71 | 68 | 67 | 55 | 52 | 53 | 48 | 65 | 74 | 62 | 37 |
Working Capital Days | 70 | 69 | 63 | 62 | 48 | 44 | 56 | 48 | 65 | 73 | 63 | 39 |
ROCE % | 19% | 17% | 15% | 21% | 25% | 25% | 13% | 13% | 7% | 10% | 16% |
Documents
Announcements
- Statement Of Deviation & Variation 22 Nov
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 Nov - Earnings Call Transcript- Q2 & H1 FY24
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 Nov - Earnings Call Transcript- Q2 & H1 FY24
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 15 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
10 Nov - Audio Recording of the Earnings Call for the Q2 & H1 FY24
Annual reports
Concalls
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Mar 2021Transcript PPT
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Dec 2020Transcript PPT
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Aug 2020TranscriptNotesPPT
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Aug 2020Transcript PPT
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Jun 2020TranscriptNotesPPT
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Mar 2020Transcript PPT
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Nov 2019Transcript PPT
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Sep 2019Transcript PPT
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May 2019Transcript PPT
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Mar 2019Transcript PPT
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Dec 2018TranscriptPPT
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Nov 2018Transcript PPT
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Aug 2018Transcript PPT
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May 2018TranscriptPPT
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May 2018Transcript PPT
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May 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018Transcript PPT
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Jan 2018TranscriptNotesPPT
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Nov 2017Transcript PPT
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Sep 2017Transcript PPT
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Aug 2017Transcript PPT
Retail Segment (~58% of revenues in FY22 vs 48% in FY18) [1]
Under the segment, the company runs 90+ retail stores operating under the brand "Shankara Buildpro" The stores are spread across South, West and East India. It carries ~30,000 SKUs across the entire home construction and renovation lifecycle spread across various categories. Its retail footprint spans across ~4.5 lakh sq. ft with an average store size of ~4,700 sq. ft.[2]