Shankara Buildpro Ltd Q1 FY27 Earnings Analysis

- **Steel Volumes:** - Target 1.2 million tonnes in FY27 (up from 1.016 million tonnes in FY26). - 1.4 million tonnes planned in FY28. - Aim to reach 2 million tonnes by FY31. - Steel volume growth guidance around 20% for FY27 and FY28. - Pipes and tubes (largest vertical) to grow from 6.9 lakh tonnes in FY26 to 1 million tonnes in three years. - **Non-Steel Business:** - Target INR 750 crore revenue in FY27, a 25% increase over FY26. - INR 925 crore expected in FY28. - Long-term target to raise the non-steel share from under 10% to 15-20% over 3-5 years. - Non-steel volume growth of around 25% expected. - **Revenue Growth:** - Overall revenue growth guidance around 20% for FY27. - **EBITDA Margins:** - Aspiration to improve EBITDA margin from 3.3-3.5% to around 4% in the medium term (2-3 years).

- Revenue growth for FY27 is expected to be around 20%. - EBITDA margins are targeted to improve from 3.35% in FY26 to around 4% in the medium term (2-3 years), potentially by FY28 or FY29. - Non-steel business aims for 25% revenue growth in FY27, targeting INR 750 crore, with a medium-term goal to increase its share to 15-20%. - Steel volumes are expected to grow to 1.2 million tonnes in FY27 and 1.4 million tonnes in FY28, with an ambition to reach 2 million tonnes by FY31. - Profit after tax (PAT) grew 64% year-on-year in FY26; while specific EPS guidance isn’t explicitly mentioned, profit growth is anticipated alongside volume and margin improvements. - Operating leverage and product mix improvements are expected to contribute to gradual margin expansion and earnings growth going forward.

- Targeting 7 to 10 new fulfilment centers/stores in FY27, more aggressive expansion than usual. - From FY28 onwards, plan to add 4 to 5 new stores and fulfilment centers annually in high potential micro-markets. - CAPEX for FY27’s aggressive expansion is estimated between INR 15 to 20 crore. - General annual CAPEX guidance (excluding FY27's higher target) is around 4 to 5 stores/centers per year. - Focus on strategic micro-markets for store additions. - Expansion plans are within existing geographies; no new geographies are currently contemplated.

The transcript from the provided pages does not mention any current or future plans for fundraising through debt or equity for Shankara Buildpro Limited. Key points related to financials include: - There is no indication or discussion of new debt or equity financing in the call. - The company manages inventory and price volatility through operational measures rather than financial restructuring. - CAPEX plans include INR 15-20 crores for new fulfilment centers/stores in FY27, funded internally or through existing resources. - Focus remains on organic growth within existing geographies with no mention of fundraising for expansion. In summary, no explicit information on new fundraising via debt or equity is provided in the transcript.

The provided transcript from the Q4 & FY26 Earnings Conference Call of Shankara Buildpro Limited does not specify details regarding the current or expected order book or pending orders. The discussion primarily focuses on revenue growth, competitive landscape, business models, margins, operational updates, inventory gains, demand outlook, expansion plans, and market conditions in steel and non-steel segments. There is no mention or data related to the order book or pending orders in the provided pages of the document.