Shankara Building Products Ltd

Shankara Building Products Ltd

₹ 116 -0.61%
06 May - 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

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.

  • Market Cap 280 Cr.
  • Current Price 116
  • High / Low 295 / 98.2
  • Stock P/E 70.1
  • Book Value 185
  • Dividend Yield 2.58 %
  • ROCE 2.73 %
  • ROE 0.61 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.63 times its book value
  • Debtor days have improved from 42.7 to 25.1 days.
  • 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 -7.72% over past five years.
  • Company has a low return on equity of 7.31% over last 3 years.
  • Dividend payout has been low at 6.12% of profits 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,210.02 1,132.13 1,142.49 1,177.27 1,376.55 1,290.97 337.29 1,437.16 1,639.16 323.20 279.91 420.40 340.50
1,174.14 1,098.13 1,106.82 1,138.82 1,333.56 1,250.25 332.52 1,396.94 1,587.76 317.31 280.49 415.41 327.32
Operating Profit 35.88 34.00 35.67 38.45 42.99 40.72 4.77 40.22 51.40 5.89 -0.58 4.99 13.18
OPM % 2.97% 3.00% 3.12% 3.27% 3.12% 3.15% 1.41% 2.80% 3.14% 1.82% -0.21% 1.19% 3.87%
0.85 0.46 0.58 1.79 2.41 0.53 1.16 0.63 1.10 0.36 0.13 2.48 3.40
Interest 6.57 7.40 7.76 7.92 9.26 15.51 1.87 12.16 11.63 3.03 3.42 3.47 3.89
Depreciation 4.22 3.89 4.02 4.03 3.97 4.20 2.17 4.18 4.06 2.04 2.05 2.10 2.03
Profit before tax 25.94 23.17 24.47 28.29 32.17 21.54 1.89 24.51 36.81 1.18 -5.92 1.90 10.66
Tax % 26.21% 25.42% 25.58% 24.28% 24.71% 25.49% 54.50% 27.83% 22.71% 64.41% -12.84% 35.26% 31.05%
19.14 17.28 18.21 21.42 24.22 16.05 0.86 17.69 28.45 0.42 -5.16 1.23 7.35
EPS in Rs 8.39 7.58 7.99 8.85 10.01 6.63 0.36 7.31 11.76 0.17 -2.13 0.51 3.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,979 2,036 2,310 2,549 2,546 2,640 2,038 2,418 4,030 4,828 5,697 1,364
1,889 1,916 2,159 2,373 2,447 2,525 1,967 2,333 3,912 4,677 5,528 1,341
Operating Profit 90 120 152 175 99 115 71 85 118 151 169 23
OPM % 5% 6% 7% 7% 4% 4% 4% 4% 3% 3% 3% 2%
1 1 1 1 9 5 6 3 8 5 3 6
Interest 47 46 51 46 47 43 33 24 25 32 52 14
Depreciation 9 10 11 14 15 25 24 17 16 16 17 8
Profit before tax 35 65 90 116 46 51 20 46 84 108 103 8
Tax % 35% 37% 35% 36% 29% 22% 31% 25% 25% 25% 25% 51%
23 41 59 74 33 40 14 34 63 81 77 4
EPS in Rs 10.31 18.60 25.78 32.36 14.36 17.49 6.07 15.05 27.65 33.52 31.98 1.59
Dividend Payout % 10% 8% 11% 10% 10% 11% 0% 7% 9% 9% 9% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: -8%
3 Years: -30%
TTM: -76%
Compounded Profit Growth
10 Years: -21%
5 Years: -22%
3 Years: -60%
TTM: -95%
Stock Price CAGR
10 Years: %
5 Years: 5%
3 Years: -9%
1 Year: -17%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 7%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 231 269 367 433 456 485 499 533 620 773 844 423
293 223 223 248 197 278 169 133 88 87 104 192
179 285 329 509 435 389 235 352 561 701 830 117
Total Liabilities 725 799 942 1,213 1,112 1,175 926 1,041 1,292 1,586 1,802 757
205 233 259 297 253 282 256 258 281 293 297 290
CWIP 0 0 0 0 4 0 2 2 4 3 6 23
Investments 0 0 0 0 0 0 0 0 0 0 0 0
521 566 683 916 855 892 667 781 1,007 1,290 1,498 444
Total Assets 725 799 942 1,213 1,112 1,175 926 1,041 1,292 1,586 1,802 757

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
80 159 106 40 171 -30 133 70 92 10 64 -101
-40 -38 -37 -74 -48 55 -8 -18 -45 -27 -26 -63
-40 -122 -69 34 -115 -21 -128 -60 -43 40 -42 124
Net Cash Flow -0 0 0 -1 8 4 -3 -8 3 22 -5 -40
Free Cash Flow 40 121 69 1 125 23 121 51 48 -18 37 -163
CFO/OP 96% 143% 85% 51% 191% -11% 192% 94% 91% 23% 53% -421%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 48 50 49 61 48 59 53 53 46 52 51 25
Inventory Days 48 53 52 69 60 61 61 61 41 39 39 70
Days Payable 29 48 48 76 60 55 40 52 50 52 53 27
Cash Conversion Cycle 67 55 52 53 48 65 74 62 37 39 37 69
Working Capital Days 62 11 11 21 20 32 52 49 34 36 34 35
ROCE % 15% 21% 25% 25% 13% 13% 7% 10% 15% 17% 17% 3%

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.
Fulfilment Centers
Number
Manufacturing Capacity Utilization
% ・Standalone data
Steel Sales Volume
Lakh Tonne
Same Store Sales Growth (SSSG)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

33 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
52.20% 52.20% 52.24% 49.23% 49.23% 49.23% 49.25% 49.25% 40.17% 40.17% 40.17% 44.45%
9.88% 11.45% 11.68% 11.76% 10.35% 7.95% 5.86% 5.69% 10.55% 12.27% 10.09% 6.47%
5.36% 6.01% 6.29% 5.13% 4.74% 4.79% 5.04% 5.03% 10.06% 10.18% 4.93% 4.50%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.79% 6.67%
32.57% 30.34% 29.79% 33.88% 35.71% 38.06% 39.86% 40.03% 39.22% 37.38% 41.01% 37.91%
No. of Shareholders 20,32224,71229,08331,74332,56435,85832,83731,58727,25129,66129,72727,685

* 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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