MarketFriction

Shankara Building Products Ltd

NSE SHANKARA · BSE 540425 · Speciality Retail
₹124.40 -1.64%
NSE close2026-10-01
52 week range98.25 - 197.40
Market cap₹308 Cr.
P/E59.1
IPO 2017 · +8% since Price band 20% Delivery 46.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,142.491,177.271,376.551,290.97337.291,437.161,639.16323.20279.91420.40340.50350.35
Expenses1,106.821,138.821,333.561,250.25332.521,396.941,587.76317.31280.49415.41327.32344.24
Operating Profit35.6738.4542.9940.724.7740.2251.405.89-0.584.9913.186.11
OPM %3.12%3.27%3.12%3.15%1.41%2.80%3.14%1.82%-0.21%1.19%3.87%1.74%
Other Income0.581.792.410.531.160.631.100.360.132.483.403.13
Interest7.767.929.2615.511.8712.1611.633.033.423.473.894.99
Depreciation4.024.033.974.202.174.184.062.042.052.102.032.28
Profit before tax24.4728.2932.1721.541.8924.5136.811.18-5.921.9010.661.97
Tax %25.58%24.28%24.71%25.49%54.50%27.83%22.71%64.41%-12.84%35.26%31.05%21.83%
Net Profit18.2121.4224.2216.050.8617.6928.450.42-5.161.237.351.54
EPS in Rs7.998.8510.016.630.367.3111.760.17-2.130.513.040.64
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0362,3102,5492,5462,6402,0382,4184,0304,8285,6971,3641,391
Expenses1,9162,1592,3732,4472,5251,9672,3333,9124,6775,5281,3391,367
Operating Profit1201521759911571851181511692524
OPM %6%7%7%3.9%4.4%3.5%3.5%2.9%3.1%3.0%1.8%1.7%
Other Income111956385359
Interest465146474333242532521416
Depreciation1011141525241716161788
Profit before tax6590116465120468410810389
Tax %37%35%36%29%22%31%25%25%25%25%51%
Net Profit4159743340143463817745
EPS in Rs18.6025.7832.3614.3617.496.0715.0527.6533.5231.981.592.06
Dividend Payout %8%11%10%10%11%0%7%9%9%9%189%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-4%-8%-30%-63%
Compounded Profit Growth-19%-20%-58%-89%
Stock Price CAGR%-2%-10%-39%
Return on Equity9%8%7%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222223232323232323242424
Reserves231269367433456485499533620773844423
Borrowings2932232232481972781691338887104192
Other Liabilities179285329509435389235352561701830117
Total Liabilities7257999421,2131,1121,1759261,0411,2921,5861,802757
Fixed Assets205233259297253282256258281293297290
CWIP0000402243623
Investments000000000000
Other Assets5215666839168558926677811,0071,2901,498444
Total Assets7257999421,2131,1121,1759261,0411,2921,5861,802757
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8015910640171-3013370921064-101
Cash from Investing Activity-40-38-37-74-4855-8-18-45-27-26-23
Cash from Financing Activity-40-122-6934-115-21-128-60-4340-42124
Net Cash Flow-000-184-3-8322-50
Free Cash Flow40121691125231215148-1837-163
CFO/OP96%143%85%51%191%-11%192%94%91%23%53%-394%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days485049614859535346525125
Inventory Days485352696061616141393970
Days Payable294848766055405250525327
Cash Conversion Cycle675552534865746237393769
Working Capital Days621111212032524934363435
ROCE %15%21%25%25%13%13%7%10%15%17%17%3%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.20%52.24%49.23%49.23%49.23%49.25%49.25%40.17%40.17%40.17%44.45%45.39%
FIIs11.45%11.68%11.76%10.35%7.95%5.86%5.69%10.55%12.27%10.09%6.47%2.94%
DIIs6.01%6.29%5.13%4.74%4.79%5.04%5.03%10.06%10.18%4.93%4.50%4.66%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.79%6.67%7.79%
Public30.34%29.79%33.88%35.71%38.06%39.86%40.03%39.22%37.38%41.01%37.91%39.21%
No. of Shareholders24,71229,08331,74332,56435,85832,83731,58727,25129,66129,72727,68525,346

Fundamentals

Market Cap₹ 308 Cr.
Current Price₹ 127
Stock P/E59.1
Book Value₹ 185
ROCE2.92 %
ROE0.71 %
Dividend Yield2.35 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-63%
Compounded Profit Growth (TTM)-89%
Consolidated figures.
Valuation
Market capRs 302 Cr
Enterprise valueRs 486 Cr
P/E (TTM)60.82x
Price to book0.67x
Price to sales0.22x
EV / EBITDA14.80x
EV / EBIT19.94x
EV / sales0.35x
Earnings yield1.64%
Dividend yield2.41%
P/E, 3-year average26.30x
P/B, 3-year average0.49x
P/E, 5-year average19.42x
P/B, 5-year average0.56x
Profitability
Operating margin (excl. other income)1.84%
Operating margin (incl. other income)2.19%
EBITDA margin2.36%
Pre-tax margin0.62%
Net profit margin0.36%
Net margin, latest quarter0.44%
ROE0.58%
ROCE2.69%
ROA0.30%
ROE, 3-year average7.05%
ROCE, 3-year average12.28%
ROA, 3-year average3.50%
ROE, 5-year average7.61%
ROCE, 5-year average12.48%
ROA, 5-year average3.88%
ROIC (approx.)1.90%
Tax rate50.90%
Other income / net worth1.07%
Growth
Sales growth (latest year)-76.06%
Profit growth (latest year)-95.04%
Sales CAGR, 3 years-30.31%
Sales CAGR, 5 years-7.72%
Profit CAGR, 3 years-60.66%
Profit CAGR, 5 years-22.63%
Sales growth QoQ2.89%
Profit growth QoQ-79.05%
Sales growth YoY (latest quarter)8.40%
Profit growth YoY (latest quarter)266.67%
Per share
EPS (TTM)Rs 2.05
EPS (latest year)Rs 1.58
EPS (latest quarter)Rs 0.64
EPS, 3-year averageRs 22.32
EPS, 5-year averageRs 21.91
Book value per shareRs 184.46
Sales per shareRs 573.69
Cash flow per shareRs -41.63
Free cash flow per shareRs -67.22
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 3.00
Dividend per share, 5-year averageRs 2.50
Dividends
Dividend payout189.58%
Dividend payout, 3-year average69.32%
Dividend payout, 5-year average44.73%
Efficiency
Asset turnover1.80x
Fixed asset turnover4.70x
Inventory turnover5.27x
Inventory days69 days
Debtor days25 days
Debtors turnover14.53x
Creditor days27 days
Cash conversion cycle69 days
Working capital days35 days
Leverage
Total debtRs 192 Cr
Cash and bankRs 8 Cr
Net debtRs 184 Cr
Debt to equity0.43x
Net debt / EBITDA5.62x
Interest coverage1.55x
Owners' fund to total sources59.11%
Debt to assets25.38%
Cash flow
Cash from Operating Activity (latest year)Rs -101 Cr
Cash from Investing Activity (latest year)Rs -23 Cr
Cash from Financing Activity (latest year)Rs 124 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -163 Cr
FCFE (approx.: FCF + change in debt)Rs -75 Cr
Cash from ops / profit, 5 years0.52x
Statement figures
Net sales (TTM)Rs 1,391 Cr
Net sales (latest year)Rs 1,364 Cr
Sales (latest quarter)Rs 350 Cr
Operating profit excl. other income (latest year)Rs 25 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 33 Cr
PBDT (TTM)Rs 17 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 1,313 Cr
Total expenditure (latest year)Rs 1,339 Cr
Total income (latest year)Rs 1,369 Cr
Share capitalRs 24 Cr
ReservesRs 423 Cr
Shareholders' fundsRs 447 Cr
Total assetsRs 757 Cr
Net blockRs 290 Cr
Capital work in progressRs 23 Cr
ReceivablesRs 94 Cr
InventoryRs 249 Cr
Other liabilitiesRs 117 Cr
Shares outstanding (crore)2.42
Ownership
Promoter holding45.39% (+5.22 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 60.8 is at the 95th percentile of its own 9.4-year range (median 8.2, low 3.2, high 89.6).
P/B 0.67 is at the 52th percentile (median 0.65).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSHANKARANifty 50Difference
1 week-9.3%-2.8% -6.5 pts
1 month-15.1%-6.8% -8.3 pts
3 months-3.3%-7.6% +4.4 pts
6 months+12.4%+0.4% +12.0 pts
1 year-45.9%-9.9% -36.0 pts
2 years-11.2%-13.6% +2.3 pts
3 years-30.7%+14.2% -44.8 pts
5 years-14.9%+27.9% -42.8 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -17% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 14% of total assets in 2026
explainDebt up, profit down Borrowings up 85% while net profit fell in 2026
lookProfit leans on other income Other income was 61% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-18Rajasthan Global Securities PrivatAcquirerbuy283,459SAST Open Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹350 Cr +8.4% vs Jun 2025. Net profit ₹2 Cr +266.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2025-09-24Inferred from price: close fell to 0.245x overnight, no NSE action on record0.2500
2025-09-24Demerger
2025-06-17Dividend - Rs 3 Per Share
2024-06-13Annual General Meeting/Dividend - Rs 3 Per Share
2023-06-14Annual General Meeting/Dividend - Rs 2.50 Per Share
2022-07-13Annual General Meeting/Dividend - Rs 1 Per Share
2021-07-23 Annual General Meeting
2020-07-17 Annual General Meeting
2020-03-23 Interim Dividend - Rs 2 Per Share
2019-06-20 Annual General Meeting/Dividend - Rs 1.5 Per Share
2018-06-07 Annual General Meeting/Dividend- Rs 3.25 Per Share
2017-07-17 Annual General Meeting/Dividend - Rs 2.75 Per Share
DateTypeWhat it says
2026-09-16Reply to Clarification- FinaThe Exchange had sought clarification from Shankara Building Products Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the S...
2026-09-09Clarification - Financial ReThe Exchange has sought clarification from Shankara Building Products Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the S...
2026-09-04Public Announcement-Open OffCorporate Professionals Capital Private Limited has Submitted to the Exchange a copy of offer opening public announcement and corrigendum to the detai...
2026-09-02UpdatesShankara Building Products Limited has submitted to  the Exchange a copy of Recommendation on the open offer to the shareholders of the company by Com...
2026-08-05Board meeting outcomeShankara Building Products Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31Disclosure under SEBI TakeovRajasthan Global Securities Private Ltd  has submitted to the Exchange a copy of Disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
2026-07-27Updates.
2026-07-22UpdatesCorporate Professionals Capital Private ltd  has submitted to  the Exchange a copy of Detailed public statement in terms of Regulation 3(2) and Regula...
2026-07-22Reply to Clarification- FinaThe Exchange had sought clarification from Shankara Building Products Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the S...
2026-07-20CorrigendumCorporate Professionals Capital Pvt ltd  has submitted to  the Exchange a copy of Corrigendum to the Public announcement Dated July 15, 2026 for the a...
2026-07-15Public Announcement-Open OffCorporate Professionals Capital Private Ltd  has submitted to  the Exchange a copy of Public Announcement under Regulation 3(1) Read with Regulation 3...
2026-06-19Shareholder meetingProceedings of Annual General Meeting held on Jun 18, 2026
2026-06-19Shareholder meetingVoting results.
2026-05-27UpdatesBusiness Responsibility and Sustainability Report.
2026-05-27Shareholder meetingNotice of Annual General Meeting to be held on Jun 18, 2026
2026-05-25UpdatesSecretarial Compliance Report.
2026-05-08Clarification - Financial ReThe Exchange has sought clarification from Shankara Building Products Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the S...
2026-05-05Board meeting outcomeShankara Building Products Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-07Disclosure under SEBI TakeovShankara Building Products Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-03-20Disclosure under SEBI TakeovThe Ballygunge Family Trust has Submitted to the Exchange a copy of Disclosure under Regulation 29 (2) of the Securities and Exchange Board of India (...
2026-02-10Board meeting outcomeShankara Building Products Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-07UpdatesListing of equity shares of Shankara Buildpro Limited pursuant to the Scheme of Arrangement.
2026-01-05UpdatesWinding Up Of Subsidiary Company Domiciled In Singapore.
2026-01-02Credit RatingCredit Rating
2025-11-20Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Shankara Building Products Ltd?

Shankara Building Products Ltd (SHANKARA) has a market capitalisation of Rs 308 Cr. at the 2026-10-01 close.

What is the P/E ratio of Shankara Building Products Ltd?

Shankara Building Products Ltd trades at a P/E of 59.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Shankara Building Products Ltd's latest quarterly results?

In the Jun 2026 quarter, Shankara Building Products Ltd sales was Rs 350 Cr (+8.4% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of Shankara Building Products Ltd?

The 52-week high is Rs 197.40 and the 52-week low is Rs 98.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03