Shankara Building Products Q2 FY26 Share Price & Earnings Call Analysis

₹118.15+3.73% today
Market cap
₹286 Cr
P/E
54.92
ROE
0.71%
PEG
-0.96
Price to sales
0.22
Debt to equity
0.43
52W high / low
₹150 / ₹100.0
Sales growth (5Y)
-7.72%
EBITDA margin
1.70%
Net profit margin
0.34%
Promoter holding
49.52%
Sales (last year)
₹1,391 Cr

Shankara Building Products Ltd incorporated in 1995 is engaged in the manufacturing and processing of precision steel tubes, cold rolled strips, roofing profiles,and accessories. [1][2]

Guidance scorecard · Q2 FY26 call

What Shankara Building Products Ltd's management guided
and where it ranks in Retailing

#18of 29 in
Retailing

RevenueQ2 FY26 call

10–20%
  • Marketplace (Shankara Buildpro) revenue growth target: 15% to 20% for FY '27.
  • Manufacturing business revenue growth target: approximately 10% for FY '27.
  • Steel volume growth sustained at around 28% to 30% in the marketplace business; trucks pipes and tubes segment growing about 30%.
  • Non-steel business aiming for sustained 10% growth in the second half of the current fiscal year.
  • Expansion plans include increasing retail stores by about 5 and fulfillment centers by around 3 in FY '27.
  • Non-steel segment expected to increase its share toward 20% of total revenue over the next 2 to 3 years (FY30 target).
  • Capacity utilization in manufacturing to rise from sub-50% to 60-65%, driving margin and volume growth.

2 more points from Shankara Building Products Ltd's call on revenue

Create a free account to keep reading this call

Full Q2 FY26 analysis

MarginsQ2 FY26 call

Up 0–2%

See what Shankara Building Products Ltd said on margins — free account, 30 seconds.

Full Q2 FY26 analysis

CapexQ2 FY26 call

Planned
  • Planned CapEx for FY '27: INR 10 to 15 crores.
  • Focus on improving capacity utilization from sub-50% to 60-65% to drive margins.
  • Strategic focus on niche and value-added products in manufacturing.

2 more points from Shankara Building Products Ltd's call on capex

Create a free account to keep reading this call

Full Q2 FY26 analysis

FundraisingQ2 FY26 call

See what Shankara Building Products Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY26 analysis

Order bookQ2 FY26 call

  • The acceptance (orderbook) in Shankara Buildpro's retail business for Q2 is approximately INR 300 crores.
  • The company is focusing on growth in both steel and non-steel businesses, with working capital cycles of 25 days for steel and around 45 days for non-steel.
  • The orderbook in retail signifies active pending orders contributing to the company's working capital and revenue growth.
Full Q2 FY26 analysis

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Retailing
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. 3

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Retailing companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹6,264 Cr38.2
240%+Flat₹6,053 Cr53.9
3Entero Healthcare Solutions Ltd20–40%Up 0–2%₹6,899 Cr53.5
420–40%Up 0–2%₹790 Cr19.0
520–40%Flat₹3.14L Cr725.0
620–40%Flat₹1.12L Cr170.8

Sign up free to see every company in the sector ranking and track Shankara Building Products Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Retailing ranking

Financials of Shankara Building Products Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Shankara Building Products Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,210.021,132.131,142.491,177.271,376.551,290.97337.291,437.161,639.16323.20279.91420.40340.50
Expenses +1,174.141,098.131,106.821,138.821,333.561,250.25332.521,396.941,587.76317.31280.49415.41327.32
Operating Profit35.8834.0035.6738.4542.9940.724.7740.2251.405.89-0.584.9913.18
OPM %2.97%3.00%3.12%3.27%3.12%3.15%1.41%2.80%3.14%1.82%-0.21%1.19%3.87%
Other Income +0.850.460.581.792.410.531.160.631.100.360.132.483.40
Interest6.577.407.767.929.2615.511.8712.1611.633.033.423.473.89
Depreciation4.223.894.024.033.974.202.174.184.062.042.052.102.03
Profit before tax25.9423.1724.4728.2932.1721.541.8924.5136.811.18-5.921.9010.66
Tax %26.21%25.42%25.58%24.28%24.71%25.49%54.50%27.83%22.71%64.41%-12.84%35.26%31.05%
Net Profit +19.1417.2818.2121.4224.2216.050.8617.6928.450.42-5.161.237.35
EPS in Rs8.397.587.998.8510.016.630.367.3111.760.17-2.130.513.04

Financials of Shankara Building Products Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,9792,0362,3102,5492,5462,6402,0382,4184,0304,8285,6971,364
Expenses +1,8891,9162,1592,3732,4472,5251,9672,3333,9124,6775,5281,341
Operating Profit9012015217599115718511815116923
OPM %5%6%7%7%4%4%4%4%3%3%3%2%
Other Income +111195638536
Interest474651464743332425325214
Depreciation9101114152524171616178
Profit before tax35659011646512046841081038
Tax %35%37%35%36%29%22%31%25%25%25%25%51%
Net Profit +23415974334014346381774
EPS in Rs10.3118.6025.7832.3614.3617.496.0715.0527.6533.5231.981.59
Dividend Payout %10%8%11%10%10%11%0%7%9%9%9%0%

Financials of Shankara Building Products Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222223232323232323242424
Reserves231269367433456485499533620773844423
Borrowings +2932232232481972781691338887104192
Other Liabilities +179285329509435389235352561701830117
Total Liabilities7257999421,2131,1121,1759261,0411,2921,5861,802757
Fixed Assets +205233259297253282256258281293297290
CWIP0000402243623
Investments000000000000
Other Assets +5215666839168558926677811,0071,2901,498444
Total Assets7257999421,2131,1121,1759261,0411,2921,5861,802757

Financials of Shankara Building Products Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +8015910640171-3013370921064-101
Cash from Investing Activity +-40-38-37-74-4855-8-18-45-27-26-63
Cash from Financing Activity +-40-122-6934-115-21-128-60-4340-42124
Net Cash Flow-000-184-3-8322-5-40
Free Cash Flow40121691125231215148-1837-163
CFO/OP96%143%85%51%191%-11%192%94%91%23%53%-421%

Financials of Shankara Building Products Ltd

Ratios

Working capital efficiency and return ratios

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%

Guidance history

How Shankara Building Products Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY26 call →10–20%Up 0–2%Planned——
Q1 FY26 call →20–40%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Others in Retailing this season

  • Trent Ltd (Q2 FY27)

    Q2 FY27 revenue from operations stood at ₹5,788 crore (Standalone), a 23% YoY increase from Q2 FY26. Key investor presentation takeaways from Trent Ltd's Q2 FY2

  • Womancart Ltd (Q2 FY27)

    Revenue from Operations for the quarter ended 30.09.2026 was ₹2,837.72 lakhs (Page 10). Key results statement takeaways from Womancart Ltd's Q2 FY27 results sta

  • Meesho Ltd (Q2 FY27)

    Year-on-year revenue growth: Approximately 34.4% increase ((41,315.82 . Key results statement takeaways from Meesho Ltd's Q2 FY27 results statement — and how it

  • Info Edge (India) Ltd (Q2 FY27)

    Standalone Revenue from Operations Q2FY27:** ₹842 crore, up 12.8% YoY (from ₹746 crore in Q2FY26) (Page 53, 24) . Key investor presentation takeaways from Info