Shankara Building Products Ltd

Shankara Build. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shankara Building Products Ltd

₹ 684 -0.83%
05 Dec 4:01 p.m.
shankarabuildpro.com BSE: 540425 NSE : SHANKARA
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 (~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]

Website BSE NSE
  • 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
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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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
488 562 642 446 606 585 782 833 907 1,080 1,210 1,132 1,142
469 526 616 427 585 570 752 806 880 1,051 1,175 1,098 1,107
Operating Profit 19 36 26 18 21 15 30 26 27 29 35 34 36
OPM % 4% 6% 4% 4% 3% 3% 4% 3% 3% 3% 3% 3% 3%
2 2 1 1 1 0 1 0 3 4 1 0 1
Interest 8 8 7 6 6 6 6 6 6 6 6 7 8
Depreciation 7 6 5 4 4 4 4 4 4 4 4 4 4
Profit before tax 5 24 16 9 12 5 21 16 20 23 26 23 24
Tax % -15% 11% 30% 26% 24% 27% 26% 25% 21% 28% 26% 25% 26%
6 22 11 6 9 4 16 12 16 16 19 17 18
EPS in Rs 2.74 9.55 4.84 2.74 3.93 1.54 6.81 5.26 6.79 7.16 8.38 7.56 7.97
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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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Nov 2023
56.45% 56.45% 56.48% 56.48% 52.10% 52.10% 52.11% 52.11% 52.20% 52.20% 52.20% 49.19%
23.68% 23.67% 22.68% 22.65% 8.66% 8.08% 8.23% 8.16% 8.16% 9.88% 11.45% 10.78%
4.32% 4.33% 4.33% 4.32% 4.15% 4.22% 4.30% 4.52% 5.69% 5.36% 6.01% 5.66%
15.54% 15.55% 16.51% 16.55% 35.08% 35.60% 35.37% 35.22% 33.94% 32.57% 30.34% 34.37%
No. of Shareholders 20,90422,89326,32824,61521,53620,20819,72120,22119,45320,32224,71224,712

* 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.

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