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 ₹ 1,437 Cr.
- Current Price ₹ 593
- High / Low ₹ 835 / 444
- Stock P/E 21.0
- Book Value ₹ 257
- Dividend Yield 0.51 %
- ROCE 19.7 %
- ROE 13.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 34.4% CAGR over last 5 years
Cons
- Company has a low return on equity of 11.6% over last 3 years.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -7.26%
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,702 | 1,884 | 1,720 | 1,774 | 1,976 | 2,248 | 2,352 | 2,494 | 1,957 | 2,329 | 4,036 | 4,863 | 4,917 | |
1,626 | 1,818 | 1,672 | 1,724 | 1,913 | 2,157 | 2,288 | 2,412 | 1,910 | 2,263 | 3,935 | 4,735 | 4,782 | |
Operating Profit | 76 | 65 | 48 | 50 | 63 | 91 | 65 | 82 | 47 | 66 | 101 | 127 | 135 |
OPM % | 4% | 3% | 3% | 3% | 3% | 4% | 3% | 3% | 2% | 3% | 2% | 3% | 3% |
0 | 0 | 1 | 1 | 1 | 1 | 4 | 4 | 6 | 2 | 7 | 7 | 7 | |
Interest | 32 | 39 | 39 | 29 | 29 | 27 | 35 | 32 | 22 | 21 | 22 | 32 | 41 |
Depreciation | 4 | 4 | 4 | 3 | 4 | 5 | 9 | 19 | 17 | 11 | 10 | 9 | 10 |
Profit before tax | 40 | 23 | 6 | 19 | 31 | 59 | 25 | 36 | 14 | 36 | 76 | 93 | 91 |
Tax % | 33% | 17% | 34% | 42% | 37% | 35% | 33% | 24% | 29% | 25% | 25% | 25% | |
27 | 19 | 4 | 11 | 19 | 38 | 16 | 27 | 10 | 27 | 57 | 70 | 68 | |
EPS in Rs | 12.81 | 8.84 | 1.94 | 4.94 | 8.45 | 16.74 | 7.19 | 11.94 | 4.37 | 11.92 | 24.95 | 28.81 | 28.24 |
Dividend Payout % | 8% | 11% | 51% | 30% | 33% | 19% | 21% | 17% | -0% | 8% | 10% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 16% |
3 Years: | 35% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 34% |
3 Years: | 92% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 3% |
1 Year: | -17% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 10% |
3 Years: | 12% |
Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 21 | 22 | 22 | 22 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 24 | 24 |
Reserves | 172 | 196 | 197 | 205 | 264 | 294 | 301 | 316 | 327 | 354 | 435 | 577 | 598 |
251 | 260 | 210 | 145 | 158 | 229 | 164 | 199 | 193 | 149 | 114 | 78 | 59 | |
128 | 118 | 121 | 219 | 243 | 368 | 316 | 438 | 208 | 325 | 539 | 627 | 630 | |
Total Liabilities | 572 | 596 | 551 | 591 | 687 | 914 | 804 | 976 | 751 | 851 | 1,112 | 1,307 | 1,312 |
125 | 70 | 84 | 92 | 100 | 122 | 147 | 183 | 161 | 168 | 193 | 207 | 211 | |
CWIP | 0 | -0 | -0 | -0 | -0 | -0 | 1 | 0 | 2 | 2 | 4 | 3 | 1 |
Investments | 13 | 37 | 38 | 38 | 39 | 38 | 38 | 48 | 39 | 39 | 39 | 39 | 39 |
434 | 488 | 429 | 461 | 548 | 753 | 617 | 744 | 549 | 643 | 876 | 1,058 | 1,061 | |
Total Assets | 572 | 596 | 551 | 591 | 687 | 914 | 804 | 976 | 751 | 851 | 1,112 | 1,307 | 1,312 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | 45 | 109 | 110 | 48 | -51 | 148 | 68 | 11 | 80 | 75 | 37 | |
-36 | -25 | -19 | -11 | -12 | -48 | -32 | -25 | 2 | -16 | -41 | -20 | |
15 | -21 | -90 | -100 | -36 | 99 | -109 | -49 | -14 | -65 | -30 | 6 | |
Net Cash Flow | -0 | -1 | 1 | -1 | 0 | -0 | 7 | -6 | -1 | -1 | 4 | 23 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 43 | 47 | 48 | 48 | 61 | 44 | 59 | 52 | 53 | 45 | 48 |
Inventory Days | 39 | 29 | 31 | 36 | 32 | 45 | 44 | 49 | 49 | 47 | 32 | 27 |
Days Payable | 25 | 22 | 24 | 44 | 43 | 61 | 49 | 66 | 37 | 50 | 48 | 46 |
Cash Conversion Cycle | 67 | 49 | 54 | 40 | 37 | 45 | 39 | 42 | 64 | 50 | 29 | 29 |
Working Capital Days | 64 | 61 | 52 | 38 | 33 | 54 | 40 | 42 | 61 | 48 | 29 | 29 |
ROCE % | 18% | 13% | 10% | 12% | 15% | 18% | 11% | 13% | 7% | 11% | 18% | 20% |
Documents
Announcements
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Statement Of Deviation Or Variation Of Funds Raised Through Preferential Issue
14 Nov - No deviation in use of funds from preferential issue.
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Amended Audio Recording Of The Earnings Call For The Q2H1FY25
12 Nov - Amended audio recording of Q2FY25 earnings call.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 12 Nov
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 Nov - Audio recording of Q2H1FY25 earnings call available.
Annual reports
Concalls
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Dec 2023Transcript PPT
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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 2021TranscriptPPT
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Jan 2021TranscriptNotesPPT
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Dec 2020Transcript PPT
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Aug 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jul 2020Transcript PPT
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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
Company runs 90+ retail stores operating under the brand "Shankara Buildpro". The stores are spread across South, West and East India. Its retail footprint spans across ~4.5 lakh sq. ft with an average store size of ~4,700 sq. ft.[1]