Shankara Building Products

Shankara Building hits 52-week high; surges 42% in 2 weeks

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

Shankara Building Products surges 20% on good operational performance in Q4

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.

Shankara Building falls for ninth straight day to hit a new low

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 ends at 20-month low; tanks 43% in a month on weak Q2 nos

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.

Shankara Building slips on weak Q2 nos; down 64% from 52-week high

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.

Shankara Building hits new high; stock rallies 58% in two weeks

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

Shankara Building opens its 122th store; stock zooms 28% in three days

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.

Shankara Building zooms 94% in 3 months as FPIs increase stake in company

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

Shankara Building Products rallies 124% since listing in April

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

Shankara Building Products hits new high on institutional investors buying

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

Shankara Building Products hits new high; zooms 110% against IPO price

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

Shankara Building extends rally; surges over 70% against IPO price

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

Shankara Building Products makes a strong debut; ends 38.7% higher

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

Long-term investors can look at Shankara Building Products' IPO

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 ...