Latest news with #ShankaraBuildingProducts
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Business Standard
3 days ago
- Business
- Business Standard
This smallcap stock soars 68% in 1 month; zooms 105% from March low
Share price of Shankara Building Products today Shares of Shankara Building Products hit an over six-year high of ₹965, as they rallied 5 per cent on the BSE in Friday's intra-day trade. The stock price of this smallcap company was trading at its highest level since November 2018. It had hit a record high of ₹2,365 on December 5, 2017. In the past one month, Shankara Building Products has outperformed the market by surging 68 per cent, as compared to 1.9 per cent rise in the BSE Sensex. The stock has bounced back from its March low and zoomed 105 per cent from a level of ₹470 on the BSE. At 01:44 PM; Shankara Building Products was quoting 2 per cent higher at ₹936.90, as against 0.86 per cent rise in the BSE Sensex. A combined around 270,000 shares changed hands on the NSE and BSE. Shankara Building Q4 & FY25 performance The company's steel division posted its highest-ever quarterly and annual volumes, with March quarter (Q4) volumes reaching 2.58 lakh tonnes - a robust 33 per cent year-on-year (YOY) increase. For the full year, Shankara exceeded its ambitious target of 0.8 million tonnes by achieving 8.43 lakh tonnes, reflecting a 5% outperformance. On the Non-Steel front, the company continued its growth trajectory, reporting a 20 per cent YoY increase in Q4 and an impressive 26 per cent growth for the full year, driven by good performance in CP & Sanitaryware as well as PVC Pipes & Fittings. These achievements are particularly significant given the backdrop of lower steel prices and a subdued building materials market. Looking ahead, Shankara remains optimistic, aiming to cross the 1 million tonne mark in steel volumes in FY26 while further strengthening its Non-Steel business. Shankara Building's demerger plan Shankara Building Products had proposed a demerger of its core business which is retail and trading of building material into its wholly-owned subsidiary Shankara Buildpro Limited. The company said it felt the need for the demerger to focus better on its many diverse businesses and thereby unlock greater value for the stakeholders. Shankara today is engaged in multiple activities like manufacturing of steel tubes and cold rolled strips, manufacturing color coated profiles for roofing and other sections for general engineering applications. These activities are housed in multiple subsidiaries. The core business of Shankara is organized retailing and distribution of steel products and numerous building materials. The demerger will result in two entities. Shankara Building Products which will be the legacy company housing the three subsidiaries which are manufacturing entities. The second entity will be Shankara Buildpro which will carry out the current core business of retailing of steel and other building materials. As per the scheme of arrangement it is proposed that the existing shareholders of Shankara Building Products will be allotted 1:1 shares in the resultant entity. The process is expected to be completed by H1FY26. Shankara's management on future outlook The Indian economy is poised to grow at 6.3 per cent for the year 2026. There is an overhang of reciprocal trade tariffs by the US on the global trade and how it will affect the trade and India specifically is not yet known. But despite global uncertainties and downward revisions in growth forecasts for other large economies, India is set to maintain its leadership in global economic growth. However, the current war-like situation with our neighbor could hinder smooth growth in the current fiscal. Shankara grew 30 per cent by volume in steel, which is 90 per cent of the company's business and about 30 per cent by revenue in the non-steel segment in the financial year ended March 31, 2025. The real estate and building industry is witnessing reasonable demand in residential and in the commercial sector. This augurs well for the company. The company hopes to sustain a favourable growth momentum in the coming year. Healthy relationships with suppliers such as JSW Steel Ltd, Steel Authority of India Ltd, AM/NS India, Uttam Value Steel Ltd, APL Apollo Tubes Ltd, Jaquar & Co, Kohler India Corporation Pvt Ltd, ROCA Bathroom Products Pvt Ltd, Somani Ceramics Ltd, Kajaria Ceramics Ltd and Cera Sanitaryware Ltd enable the group to offer a diverse range of building materials and provides a competitive edge, according to CRISIL Ratings. About Shankara Building Products Shankara Building Products is one of the largest omni channel market places for building products. The company deals with a large variety of steel material, construction, plumbing and sanitary items, flooring, electrical, roofing and other related products. The company's retail stores operate under the name "Shankara Buildpro". The company has 138 fulfilment centres which include 92 retail stores, 32 warehouses and 14 processing units spread across all of South India including Goa and Puducherry. The company has tied up with leading brands for all product categories. JSW, SAIL, APL Apollo, AMNS etc. for steel products. Nippon Paints for painting solutions, water proofing and numerous construction chemicals and related products. Jaquar, Kohler, Parryware and other leading brands for plumbing and bathroom solutions. Kajaria, Somany, Nitco and multiple brands for tiling and surface applications. Shankara also has tied-up with Grindwell Norton Ltd, HP Landmark, Aqua Star for roofing and fabrications accessories
Business Standard
17-05-2025
- Business
- Business Standard
Shankara Building Products consolidated net profit rises 17.46% in the March 2025 quarter
Sales rise 19.08% to Rs 1639.16 crore Net profit of Shankara Building Products rose 17.46% to Rs 28.45 crore in the quarter ended March 2025 as against Rs 24.22 crore during the previous quarter ended March 2024. Sales rose 19.08% to Rs 1639.16 crore in the quarter ended March 2025 as against Rs 1376.55 crore during the previous quarter ended March 2024. For the full year,net profit declined 4.60% to Rs 77.40 crore in the year ended March 2025 as against Rs 81.13 crore during the previous year ended March 2024. Sales rose 17.98% to Rs 5696.69 crore in the year ended March 2025 as against Rs 4828.44 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1639.161376.55 19 5696.694828.44 18 OPM % 3.143.12 - 2.973.13 - PBDT 40.8736.14 13 119.93124.01 -3 PBT 36.8132.17 14 103.26108.10 -4 NP 28.4524.22 17 77.4081.13 -5
Business Standard
16-05-2025
- Business
- Business Standard
Board of Shankara Building Products appoints director
At meeting held on 16 May 2025The Board of Shankara Building Products at its meeting held on 16 May 2025 has approved the appointment of Dhananjay Mirlay Srinivas (DIN: 09108483) as Whole-time Director of the Company for the term of Five (5) years subject to the approval of shareholders at the ensuing Annual General by Capital Market - Live News
Mint
23-04-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 23 April 2025
Breakout stocks buy or sell: Indian stock market benchmarks, the Sensex and Nifty 50, extended their winning streak for a sixth straight session on Tuesday, April 22. However, gains were limited due to weak global cues. The Sensex closed at 79,595.59, rising by 187 points or 0.24%, while the Nifty 50 ended at 24,167.25, up 42 points or 0.17%. Meanwhile, the BSE Midcap and Smallcap indices outperformed the benchmarks, advancing by 0.81% and 0.82%, respectively. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market bias is bullish despite the Nifty 50 index halting at 24,200 after raising for nearly two weeks. Speaking on the outlook of Indian stock market, Bagadia said, 'The 50- stock index has made crucial support at 23,800 and it is facing resistance at 24,250 to 24,300. On breaking above this hurdle, the key benchmark index may soon touch 24,800. Amid Q results 2025, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks for intraday trading can be a good option. " Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Shankara Building Products, Avalon Technologies, Vadilal Industries, Kfin Technologies, and Azad Engineering. 1] Shankara Building Products: Buy at ₹ 656.2, target ₹ 785, stop loss ₹ 710; 2] Avalon Technologies: Buy at ₹ 913, target ₹ 980, stop loss ₹ 875; 3] Vadilal Industries: Buy at ₹ 7163.3, target ₹ 7600, stop loss ₹ 6850; 4] Kfin Technologies: Buy at ₹ 1284.4, target ₹ 1380, stop loss ₹ 1240; 5] Azad Engineering: Buy at ₹ 1560.6, target ₹ 1666, stop loss ₹ 1505. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary. First Published: 23 Apr 2025, 06:40 AM IST
