Shankara Building Products Ltd

Shankara Building Products Ltd

₹ 720 3.16%
03 Jul 9:49 a.m.
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
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]

  • Market Cap 1,747 Cr.
  • Current Price 720
  • High / Low 929 / 605
  • Stock P/E 21.8
  • Book Value 329
  • Dividend Yield 0.43 %
  • ROCE 17.5 %
  • ROE 11.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 20.2% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -3.02%
  • Company has a low return on equity of 9.67% 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: Retail Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
642 446 606 585 782 833 907 1,080 1,210 1,132 1,142 1,177 1,377
616 427 585 570 752 806 880 1,051 1,174 1,098 1,107 1,139 1,334
Operating Profit 26 18 21 15 30 26 27 29 36 34 36 38 43
OPM % 4% 4% 3% 3% 4% 3% 3% 3% 3% 3% 3% 3% 3%
1 1 1 0 1 0 3 4 1 0 1 2 2
Interest 7 6 6 6 6 6 6 6 7 7 8 8 9
Depreciation 5 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 16 9 12 5 21 16 20 23 26 23 24 28 32
Tax % 30% 26% 24% 27% 26% 25% 21% 28% 26% 25% 26% 24% 25%
11 6 9 4 16 12 16 16 19 17 18 21 24
EPS in Rs 4.84 2.74 3.93 1.54 6.81 5.26 6.79 7.16 8.38 7.56 7.97 8.83 9.99
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,766 1,927 1,979 2,036 2,310 2,549 2,546 2,640 2,038 2,418 4,030 4,828
1,680 1,838 1,889 1,916 2,159 2,373 2,447 2,525 1,967 2,333 3,912 4,677
Operating Profit 87 89 90 120 152 175 99 115 71 85 118 151
OPM % 5% 5% 5% 6% 7% 7% 4% 4% 4% 4% 3% 3%
0 1 1 1 1 1 9 5 6 3 8 5
Interest 35 42 47 46 51 46 47 43 33 24 25 32
Depreciation 5 6 9 10 11 14 15 25 24 17 16 16
Profit before tax 48 42 35 65 90 116 46 51 20 46 84 108
Tax % 33% 32% 35% 37% 35% 36% 29% 22% 31% 25% 25% 25%
32 29 23 41 59 74 33 40 14 34 63 81
EPS in Rs 15.03 13.13 10.32 18.62 25.72 32.29 14.33 17.45 6.06 15.02 27.59 33.46
Dividend Payout % 7% 8% 10% 8% 11% 10% 10% 11% 0% 7% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 14%
3 Years: 33%
TTM: 20%
Compounded Profit Growth
10 Years: 11%
5 Years: 20%
3 Years: 79%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: 11%
3 Years: 14%
1 Year: -6%
Return on Equity
10 Years: 10%
5 Years: 8%
3 Years: 10%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 21 22 22 22 23 23 23 23 23 23 23 24
Reserves 179 211 231 269 367 433 456 485 499 533 594 773
275 284 293 223 223 248 197 278 169 133 88 87
134 158 179 285 329 509 435 389 235 352 587 701
Total Liabilities 609 676 725 799 942 1,213 1,112 1,175 926 1,041 1,292 1,586
138 175 205 233 259 297 253 282 256 258 281 293
CWIP 0 0 0 0 0 0 4 0 2 2 4 3
Investments 0 0 0 0 0 0 0 0 0 0 0 0
472 501 521 566 683 916 855 892 667 781 1,007 1,290
Total Assets 609 676 725 799 942 1,213 1,112 1,175 926 1,041 1,292 1,586

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 64 80 159 106 40 171 -30 133 70 92 10
-33 -38 -40 -38 -37 -74 -48 55 -8 -18 -45 -27
23 -26 -40 -122 -69 34 -115 -21 -128 -60 -43 40
Net Cash Flow -1 1 -0 0 0 -1 8 4 -3 -8 3 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 54 47 48 50 49 61 48 59 53 53 46 52
Inventory Days 42 46 48 53 52 69 60 61 61 61 41 39
Days Payable 25 25 29 48 48 76 60 55 40 52 50 52
Cash Conversion Cycle 71 68 67 55 52 53 48 65 74 62 37 39
Working Capital Days 69 63 62 48 44 56 48 65 73 63 39 41
ROCE % 19% 17% 15% 21% 25% 25% 13% 13% 7% 10% 16% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
56.45% 56.48% 56.48% 52.10% 52.10% 52.11% 52.11% 52.20% 52.20% 52.20% 52.24% 49.23%
23.67% 22.68% 22.65% 8.66% 8.08% 8.23% 8.16% 8.16% 9.88% 11.45% 11.68% 11.76%
4.33% 4.33% 4.32% 4.15% 4.22% 4.30% 4.52% 5.69% 5.36% 6.01% 6.29% 5.13%
15.55% 16.51% 16.55% 35.08% 35.60% 35.37% 35.22% 33.94% 32.57% 30.34% 29.79% 33.88%
No. of Shareholders 22,89326,32824,61521,53620,20819,72120,22119,45320,32224,71229,08331,743

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls