Shankara Building Products Ltd

About [ edit ]

Shankara Building Products 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 sales approach complemented by processing facilities, supply chain and logistics facilities. It deals with a number of product categories including structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing materials, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied products.

  • Market Cap 843 Cr.
  • Current Price 369
  • High / Low 518 / 229
  • Stock P/E 59.9
  • Book Value 214
  • Dividend Yield 0.54 %
  • ROCE 13.3 %
  • ROE 8.12 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.93% over past five years.
  • Company has a low return on equity of 10.54% for last 3 years.
  • Dividend payout has been low at 10.66% of profits over last 3 years
  • Company's cost of borrowing seems high

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
761 785 644 580 598 639 633 700 667 346 488 562
707 736 613 560 583 610 606 669 640 356 469 526
Operating Profit 54 49 31 20 15 30 27 31 27 -10 19 36
OPM % 7% 6% 5% 3% 2% 5% 4% 4% 4% -3% 4% 6%
Other Income 0 0 2 0 2 1 1 1 3 1 2 2
Interest 14 14 15 13 10 11 11 10 11 9 8 8
Depreciation 4 4 5 4 4 9 6 7 5 7 7 6
Profit before tax 36 31 13 4 3 10 11 15 15 -25 5 24
Tax % 40% 37% 29% 24% 39% 34% 4% 22% 26% 1% -15% 11%
Net Profit 22 19 9 3 2 7 10 12 11 -25 6 22
EPS in Rs 9.46 8.52 3.99 1.26 0.71 2.96 4.49 5.05 4.95 -11.07 2.74 9.55

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 TTM
1,412 1,766 1,927 1,979 2,036 2,310 2,549 2,546 2,640 2,063
1,342 1,679 1,838 1,889 1,916 2,159 2,373 2,447 2,525 1,992
Operating Profit 70 87 89 90 120 152 175 99 115 72
OPM % 5% 5% 5% 5% 6% 7% 7% 4% 4% 3%
Other Income 0 0 1 1 1 1 1 9 5 8
Interest 23 35 42 47 46 51 46 47 43 36
Depreciation 3 5 6 9 10 11 14 15 25 24
Profit before tax 45 48 42 35 65 90 116 46 51 20
Tax % 31% 33% 32% 35% 37% 35% 36% 29% 22%
Net Profit 30 32 29 23 41 59 74 33 40 14
EPS in Rs 14.71 15.03 13.13 10.32 18.62 25.72 32.29 14.33 17.45 6.17
Dividend Payout % 7% 7% 8% 10% 8% 11% 10% 10% 11%
Compounded Sales Growth
10 Years:%
5 Years:6%
3 Years:5%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:12%
3 Years:-12%
TTM:-53%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-42%
1 Year:46%
Return on Equity
10 Years:%
5 Years:12%
3 Years:11%
Last Year:8%

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 Sep 2020
20 21 22 22 22 23 23 23 23 23
Reserves 141 179 211 231 269 367 433 456 485 466
Borrowings 222 275 284 293 223 223 248 197 241 217
96 134 158 179 285 329 509 435 427 168
Total Liabilities 480 609 676 725 799 942 1,213 1,112 1,175 874
109 138 175 205 233 259 297 253 282 265
CWIP 0 0 -0 -0 -0 -0 -0 4 0 2
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
370 472 501 521 566 683 916 855 892 607
Total Assets 480 609 676 725 799 942 1,213 1,112 1,175 874

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
-44 9 64 80 159 106 40 171 -30
-51 -33 -38 -40 -38 -37 -74 -48 55
94 23 -26 -40 -122 -69 34 -115 -21
Net Cash Flow -1 -1 1 -0 0 0 -1 8 4

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
ROCE % 19% 17% 15% 21% 25% 25% 13% 13%
Debtor Days 56 54 47 48 50 49 61 48 59
Inventory Turnover 10.16 8.59 7.80 7.29 7.44 6.37 5.81 6.14

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
56.21 56.21 56.21 56.21 56.21 56.31 56.31 56.44 56.44 56.44 56.45 56.45
19.21 21.63 22.29 22.76 24.40 23.57 23.84 25.48 24.72 24.65 23.65 23.68
10.13 6.44 4.85 4.55 4.34 4.33 4.36 4.33 4.33 4.32 4.33 4.32
14.45 15.72 16.65 16.48 15.04 15.79 15.49 13.75 14.51 14.58 15.57 15.54

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