Shankara Building Products Ltd.

•

shankarabuildingproductsltd.comBSE: 540425NSE: SHANKARA

Market Cap₹ 359 Cr.

Current Price

High / Low₹ 1,049 / 98

Stock P/E72.5

Book Value₹ 185

Price to Book0.60

Dividend Yield0.00 %

ROCE2.7 %

ROE0.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2024 • Retail: 52.9% • Channel & Enterprise: 47.1%

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 98.4% versus prior year
A large part of profit comes from other income (86.2% of PBT)
Company has a low return on equity of 7.1% over last 3 years
Promoter holding has decreased over last 2 years: -3.8pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.17x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesRetailingRetailing

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DMART	3687.90	78.66	240541.79	0.00	860.44	11.34	18794.53	14.88	18.03	7.98
2.	TRENT	2804.40	82.67	149544.98	0.14	518.07	21.98	5754.71	17.84	36.73	19.45
3.	VMM	101.50	53.31	47550.81	0.00	258.77	25.57	3727.01	18.68	19.24	14.61
4.	METROBRAND	939.90	63.04	25622.76	0.64	95.26	-3.58	720.36	14.66	35.77	29.85
5.	ABLBL	83.43	57.86	10182.81	0.60	29.02	20.62	2045.74	11.15	27.34	15.06
6.	PNGJL	613.50	20.26	9030.88	0.00	105.33	51.91	2412.98	40.73	21.80	7.56
7.	V2RETAIL	218.05	44.50	7950.92	0.00	41.85	69.70	997.20	57.73	38.43	13.99
8.	AVL	614.65	57.11	7937.47	0.20	77.22	39.99	1192.68	26.85	20.82	10.44
9.	MEDPLUS	660.40	37.70	7933.85	0.00	33.17	-21.67	1879.60	21.84	22.22	7.09
10.	EMIL	188.35	35.15	7246.74	0.00	120.64	458.07	2418.95	39.07	11.84	9.88
11.	ETHOSLTD	2639.25	67.99	7062.02	0.00	28.66	50.71	461.71	33.32	13.70	12.97
12.	SHANKARA	148.20	72.45	359.38	0.00	1.54	-95.25	350.35	-78.69	2.69	1.74

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,132	1,142	1,177	1,377	1,291	337	363	327	1,644	280	420	340	350
	1,098	1,107	1,139	1,334	1,250	333	358	322	1,585	280	415	327	352
Operating Profit	34	36	38	43	41	5	5	5	59	-1	5	13	-1
OPM %	3.00%	3.12%	3.26%	3.12%	3.15%	1.41%	1.40%	1.38%	3.56%	-0.21%	1.19%	3.87%	-0.33%
	0	1	2	2	1	1	0	0	0	0	2	3	3
Interest	7	8	8	9	16	2	3	3	12	3	3	4	5
Depreciation	4	4	4	4	4	2	2	2	4	2	2	2	2
Profit before Tax	23	24	28	32	22	2	1	-0	43	-6	2	11	2
Tax %	25.42%	25.58%	24.28%	24.71%	25.49%	54.50%	110.61%	-154.05%	24.39%	12.84%	35.26%	31.05%	21.83%
Net Profit	0	0	0	0	16	152	177	284	32	-5	1	7	2
	7.56	7.97	9.06	10.01	6.62	0.36	-0.03	-0.39	13.36	-2.13	0.51	3.03	0.64

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,310	2,549	2,546	2,640	2,038	2,418	4,030	4,828	5,697	1,364	1,391
	2,159	2,373	2,449	2,523	1,967	2,334	3,912	4,677	5,528	1,341	1,375
Operating Profit	152	175	97	117	71	85	118	151	169	23	16
OPM %	6.56%	6.87%	3.81%	4.44%	3.48%	3.50%	2.92%	3.13%	2.97%	1.72%	1.18%
	1	1	7	5	6	3	8	5	3	6	9
Interest	51	46	47	43	33	24	25	32	52	14	16
Depreciation	11	14	15	25	24	17	16	16	17	8	8
Profit before Tax	90	116	42	53	20	46	84	108	103	8	9
Tax %	34.84%	36.32%	31.96%	21.05%	31.23%	25.49%	25.27%	24.95%	25.04%	50.90%	42.39%
Net Profit	59	74	28	42	14	34	63	81	77	4	5
EPS	26.87	32.30	14.33	17.45	6.06	15.02	27.59	33.46	31.92	1.58	—
Dividend Payout %	10.69%	10.06%	10.47%	11.46%	0.00%	6.66%	9.06%	8.97%	9.40%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -4%
5 Years:: -8%
3 Years:: -30%

COMPOUNDED PROFIT GROWTH

10 Years:: -21%
5 Years:: -23%
3 Years:: -61%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -24%
3 Years:: -43%
1 Year:: -85%

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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23	23	23	23	23	23	23	24	24	24
	367	433	456	485	499	533	594	773	844	423
	216	248	197	275	168	132	87	73	92	193
Trade Payables	261	460	381	360	206	319	520	650	788	95
	75	49	54	32	30	34	67	64	54	22
Total Liabilities	942	1,213	1,112	1,175	926	1,041	1,292	1,586	1,802	757
	259	297	246	274	247	248	271	285	289	105
Capital Work in Progress	0	0	4	0	2	2	2	0	2	23
	279	416	383	400	316	372	425	485	578	249
	0	0	0	0	0	0	0	686	797	94
Cash & Bank	66	6	17	21	15	7	12	34	30	8
	337	494	461	479	345	412	581	95	107	278
Total Assets	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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	129	89	190	-12	137	80	107	10	64	-101
Cash from Investing	-37	-74	-48	55	-8	-18	-45	-27	-26	-63
Cash from Financing	-69	34	-115	-21	-128	-60	-43	40	-42	124
	0	-1	8	4	-3	-8	3	22	-5	-40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.22	49.22	49.25	49.25	40.18	40.18	40.18	44.45	45.39
	10.35	7.95	5.86	5.69	10.55	12.27	10.09	6.47	2.94
	4.74	4.79	5.04	5.03	10.06	10.18	4.93	4.50	4.66
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.70	38.05	39.85	40.02	39.21	37.37	41.02	37.91	39.22

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Clarification - Financial Results

2026-09-09 - The Exchange has sought clarification from Shankara Building Products Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-09-04

Public Announcement-Open Offer

2026-09-04 - Corporate Professionals Capital Private Limited has Submitted to the Exchange a copy of offer opening public announcement and corrigendum to the detailed public statement under Regulation 18(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI (SAST) Regulations, 2011) for the attention of the shareholders of the Shankara Building Products Limited (Target Company).

2026-09-02

Updates

2026-09-02 - Shankara Building Products Limited has submitted to the Exchange a copy of Recommendation on the open offer to the shareholders of the company by Committee of Independent Directors in terms of Regulation 26(7) of SEBI (SAST) Regulations, 2011 (SEBI (SAST) Regulations, 2011)

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Shankara Building Products Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-05

Outcome of Board Meeting

2026-08-05 - Shankara Building Products Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-31

Disclosure under SEBI Takeover Regulations

2026-07-31 - Rajasthan Global Securities Private Ltd has submitted to the Exchange a copy of Disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011.

2026-07-27

Updates

2026-07-27 - Shankara Building Products Limited has informed the Exchange regarding ''.

2026-07-22

Updates

2026-07-22 - Corporate Professionals Capital Private ltd has submitted to the Exchange a copy of Detailed public statement in terms of Regulation 3(2) and Regulation 4 Read with Regulation 13(4), 14(3) , 15(2) and other applicable Regulations of SEBI (SAST) Regulations, 2011 and Subsequent amendment thereto, to the public shareholder of the company.

2026-07-22

Reply to Clarification- Financial results

2026-07-22 - The Exchange had sought clarification from Shankara Building Products Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

News

Recent coverage and analyst commentary for SHANKARA

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Shankara Building Products Ltd.

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Free 5nance Account

Name

DMART

3687.90

78.66

240541.79

0.00

860.44

11.34

18794.53

14.88

18.03

7.98

TRENT

2804.40

82.67

149544.98

0.14

518.07

21.98

5754.71

17.84

36.73

19.45

VMM

101.50

53.31

47550.81

0.00

258.77

25.57

3727.01

18.68

19.24

14.61

METROBRAND

939.90

63.04

25622.76

0.64

95.26

-3.58

720.36

14.66

35.77

29.85

ABLBL

83.43

57.86

10182.81

0.60

29.02

20.62

2045.74

11.15

27.34

15.06

PNGJL

613.50

20.26

9030.88

0.00

105.33

51.91

2412.98

40.73

21.80

7.56

V2RETAIL

218.05

44.50

7950.92

0.00

41.85

69.70

997.20

57.73

38.43

13.99

AVL

614.65

57.11

7937.47

0.20

77.22

39.99

1192.68

26.85

20.82

10.44

MEDPLUS

660.40

37.70

7933.85

0.00

33.17

-21.67

1879.60

21.84

22.22

7.09

EMIL

188.35

35.15

7246.74

0.00

120.64

458.07

2418.95

39.07

11.84

9.88

ETHOSLTD

2639.25

67.99

7062.02

0.00

28.66

50.71

461.71

33.32

13.70

12.97

SHANKARA

148.20

72.45

359.38

0.00

1.54

-95.25

350.35

-78.69

2.69

1.74

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,132

1,142

1,177

1,377

1,291

337

363

327

1,644

280

420

340

350

1,098

1,107

1,139

1,334

1,250

333

358

322

1,585

280

415

327

352

Operating Profit

-1

OPM %

3.00%

3.12%

3.26%

3.12%

3.15%

1.41%

1.40%

1.38%

3.56%

-0.21%

1.19%

3.87%

-0.33%

Interest

Depreciation

Profit before Tax

-0

-6

Tax %

25.42%

25.58%

24.28%

24.71%

25.49%

54.50%

110.61%

-154.05%

24.39%

12.84%

35.26%

31.05%

21.83%

Net Profit

152

177

284

-5

7.56

7.97

9.06

10.01

6.62

0.36

-0.03

-0.39

13.36

-2.13

0.51

3.03

0.64

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,310

2,549

2,546

2,640

2,038

2,418

4,030

4,828

5,697

1,364

1,391

2,159

2,373

2,449

2,523

1,967

2,334

3,912

4,677

5,528

1,341

1,375

Operating Profit

152

175

117

118

151

169

OPM %

6.56%

6.87%

3.81%

4.44%

3.48%

3.50%

2.92%

3.13%

2.97%

1.72%

1.18%

Interest

Depreciation

Profit before Tax

116

108

103

Tax %

34.84%

36.32%

31.96%

21.05%

31.23%

25.49%

25.27%

24.95%

25.04%

50.90%

42.39%

Net Profit

EPS

26.87

32.30

14.33

17.45

6.06

15.02

27.59

33.46

31.92

1.58

—

Dividend Payout %

10.69%

10.06%

10.47%

11.46%

0.00%

6.66%

9.06%

8.97%

9.40%

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

367

433

456

485

499

533

594

773

844

423

216

248

197

275

168

132

193

Trade Payables

261

460

381

360

206

319

520

650

788

Total Liabilities

942

1,213

1,112

1,175

926

1,041

1,292

1,586

1,802

757

259

297

246

274

247

248

271

285

289

105

Capital Work in Progress

279

416

383

400

316

372

425

485

578

249

686

797

Cash & Bank

337

494

461

479

345

412

581

107

278

Total Assets

942

1,213

1,112

1,175

926

1,041

1,292

1,586

1,802

757

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

129

190

-12

137

107

-101

Cash from Investing

-37

-74

-48

-8

-18

-45

-27

-26

-63

Cash from Financing

-69

-115

-21

-128

-60

-43

-42

124

-1

-3

-8

-5

-40

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

49.22

49.25

40.18

44.45

45.39

10.35

7.95

5.86

5.69

10.55

12.27

10.09

6.47

2.94

4.74

4.79

5.04

5.03

10.06

10.18

4.93

4.50

4.66

Government

0.00

35.70

38.05

39.85

40.02

39.21

37.37

41.02

37.91

39.22

Shankara Building Products Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Shankara Building Products Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI