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 ₹ 262 Cr.
- Current Price ₹ 108
- High / Low ₹ 295 / 98.2
- Stock P/E 10.4
- Book Value ₹ 181
- Dividend Yield 2.77 %
- ROCE 16.8 %
- ROE 9.29 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.60 times its book value
Cons
- Company has a low return on equity of 10.2% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -11.9%
* 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
Consumer Discretionary Consumer Services Retailing Speciality Retail
Part of BSE Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,927 | 1,979 | 2,036 | 2,310 | 2,549 | 2,546 | 2,640 | 2,038 | 2,418 | 4,030 | 4,828 | 5,697 | 2,663 | |
| 1,838 | 1,889 | 1,916 | 2,159 | 2,373 | 2,447 | 2,525 | 1,967 | 2,333 | 3,912 | 4,677 | 5,528 | 2,601 | |
| Operating Profit | 89 | 90 | 120 | 152 | 175 | 99 | 115 | 71 | 85 | 118 | 151 | 169 | 62 |
| OPM % | 5% | 5% | 6% | 7% | 7% | 4% | 4% | 4% | 4% | 3% | 3% | 3% | 2% |
| 1 | 1 | 1 | 1 | 1 | 9 | 5 | 6 | 3 | 8 | 5 | 3 | 4 | |
| Interest | 42 | 47 | 46 | 51 | 46 | 47 | 43 | 33 | 24 | 25 | 32 | 52 | 22 |
| Depreciation | 6 | 9 | 10 | 11 | 14 | 15 | 25 | 24 | 17 | 16 | 16 | 17 | 10 |
| Profit before tax | 42 | 35 | 65 | 90 | 116 | 46 | 51 | 20 | 46 | 84 | 108 | 103 | 34 |
| Tax % | 32% | 35% | 37% | 35% | 36% | 29% | 22% | 31% | 25% | 25% | 25% | 25% | |
| 29 | 23 | 41 | 59 | 74 | 33 | 40 | 14 | 34 | 63 | 81 | 77 | 25 | |
| EPS in Rs | 13.11 | 10.31 | 18.60 | 25.78 | 32.36 | 14.36 | 17.49 | 6.07 | 15.05 | 27.65 | 33.52 | 31.98 | 10.31 |
| Dividend Payout % | 8% | 10% | 8% | 11% | 10% | 10% | 11% | 0% | 7% | 9% | 9% | 9% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 33% |
| TTM: | -40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 32% |
| TTM: | -57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | -14% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 8% |
| 3 Years: | 10% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 24 | 24 | 24 |
| Reserves | 211 | 231 | 269 | 367 | 433 | 456 | 485 | 499 | 533 | 620 | 773 | 844 | 415 |
| 284 | 293 | 223 | 223 | 248 | 197 | 278 | 169 | 133 | 88 | 87 | 104 | 64 | |
| 158 | 179 | 285 | 329 | 509 | 435 | 389 | 235 | 352 | 561 | 701 | 830 | 167 | |
| Total Liabilities | 676 | 725 | 799 | 942 | 1,213 | 1,112 | 1,175 | 926 | 1,041 | 1,292 | 1,586 | 1,802 | 669 |
| 175 | 205 | 233 | 259 | 297 | 253 | 282 | 256 | 258 | 281 | 293 | 297 | 263 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 2 | 2 | 4 | 3 | 6 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 501 | 521 | 566 | 683 | 916 | 855 | 892 | 667 | 781 | 1,007 | 1,290 | 1,498 | 391 | |
| Total Assets | 676 | 725 | 799 | 942 | 1,213 | 1,112 | 1,175 | 926 | 1,041 | 1,292 | 1,586 | 1,802 | 669 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 80 | 159 | 106 | 40 | 171 | -30 | 133 | 70 | 92 | 10 | 64 | |
| -38 | -40 | -38 | -37 | -74 | -48 | 55 | -8 | -18 | -45 | -27 | -26 | |
| -26 | -40 | -122 | -69 | 34 | -115 | -21 | -128 | -60 | -43 | 40 | -42 | |
| Net Cash Flow | 1 | -0 | 0 | 0 | -1 | 8 | 4 | -3 | -8 | 3 | 22 | -5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 48 | 50 | 49 | 61 | 48 | 59 | 53 | 53 | 46 | 52 | 51 |
| Inventory Days | 46 | 48 | 53 | 52 | 69 | 60 | 61 | 61 | 61 | 41 | 39 | 39 |
| Days Payable | 25 | 29 | 48 | 48 | 76 | 60 | 55 | 40 | 52 | 50 | 52 | 53 |
| Cash Conversion Cycle | 68 | 67 | 55 | 52 | 53 | 48 | 65 | 74 | 62 | 37 | 39 | 37 |
| Working Capital Days | 63 | 62 | 11 | 11 | 21 | 20 | 32 | 52 | 49 | 34 | 36 | 34 |
| ROCE % | 17% | 15% | 21% | 25% | 25% | 13% | 13% | 7% | 10% | 15% | 17% | 17% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 9h
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1d
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 24 Feb
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
23 Feb - Ballygunge Family Trust acquired 5,10,000 shares (2.10%) of Shankara on Feb 20, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Feb
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Nov 2023TranscriptPPT
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Aug 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Dec 2020Transcript PPT
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Dec 2018TranscriptPPT
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May 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Nov 2017Transcript PPT
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Sep 2017Transcript PPT
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Aug 2017Transcript PPT
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.