Shankara Building Products

On January 28, 2022, Crisil Ratings had reaffirmed its 'CRISIL BBB+/Stable/CRISIL A2' rating on the bank facilities and commercial paper

The company's consolidated profit before tax more-than-doubled to Rs 14.8 crore for the March quarter against Rs 3.6 crore in the year-ago quarter.

The stock slipped 5 per cent to Rs 302 on Thursday in the intra-day trade, plunging 42 per cent in the past three months, as compared to a 2 per cent decline in the S&P BSE Sensex.

Shankara Building settled 10% lower at Rs 626, its lowest level since April 6, 2017, on the BSE, over concerns of margin pressure for the next couple of quarters.

The stock hit a 52-week low of Rs 858, falling 17% in past one week, after reported 47% decline in net profit at Rs 91 million in September quarter.

The stock hit a new high of Rs 2,346, rallied 58% in the past two weeks from Rs 1,484 on November 21, as compared to 2% decline in Sensex

The stock hit a new high of Rs 2,081, up 7% on the BSE in otherwise weak market after the company announced the opening of its 122nd store at Vijayawada.

The stock hit a new high of Rs 1,572, rallied 94% from Rs 811 on June 30, 2017 against 2% rise in the Sensex

The stock up 8% to Rs 1,418 in intra-day trade, extending its Tuesday's 9% rally on BSE.

The stock rallied 9% to Rs 1,097 in intra-day, zoomed 138% against IPO price of Rs 460 per share

The stock was up 7% at Rs 968, extending its Wednesday's 8% rally on BSE on back of heavy volumes

The stock rallied 15% to Rs 786 in intra-day trade, extending its Friday's 9% gain on the NSE

The stock listed at Rs 555 on the NSE, a 21% premium against its issue price of Rs 460

Shankara Building Products (Shankara) is a South-based home improvement and building materials retailer. Through its 103 stores across India, the company offers various products namely cement, structural steel, pipes and tubes, roofing solutions, tiles, sanitary ware and lighting, amongst others. It also caters to the enterprise and channel segments wherein it sells its products to large end-users such as contractors, dealers and other retailers. However, in recent years, the company has been focussing on ramping up its presence in the higher-margin retail segment (accounts for 42 per cent of revenues currently). This has also helped margins, which should rise further as the share of retail business increases. Considering reasonable valuations and healthy growth prospects, long term investors can subscribe to the issue. At the upper price band and post annualising the nine months FY17 earnings, the company is valued at 18 times earnings on a post-IPO basis. While there is no ...