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Shankara Buildi Consolidated September 2023 Net Sales at Rs 1,142.49 crore, up 26% Y-o-Y

On the indicator front, the momentum indicator relative strength index RSI (14) is showing a reading of 47 and Nifty is trading above its 200-day EMA at 18,331 which indicates strength.

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Shankara Buildi Consolidated March 2023 Net Sales at Rs 1,210.02 crore, up 54.69% Y-o-Y

Shankara Buildi Standalone March 2023 Net Sales at Rs 1,229.79 crore, up 58.72% Y-o-Y

Shankara Building Products will hold a meeting of the Board of Directors of the Company on 11 May 2023.

Shankara Building Products to hold board meeting

Shankara Buildi Standalone December 2022 Net Sales at Rs 1,109.92 crore, up 98.22% Y-o-Y

CRISIL said that the ratings continue to factor in the groups established market position and extensive experience of the promoter in the building material distribution and retailing businesses, the diversified product offerings, longstanding association with vendors, and moderate financial risk profile. These strengths are partially offset by susceptibility to economic cycles and sharp variation in raw material prices.Shankara Building Products operates over 90 retail showrooms in southern and western India, where it sells building and home improvement products for many renowned brands. Further, the group operates in-house pipe and colour-coated roofing sheet processing facilities through wholly owned subsidiaries Taurus, Vishal, and Centurywells.The company reported 73.02% jumped in consolidated net profit to Rs 15.52 crore 49.70% increase in sales to Rs 906.72 crore in Q2 FY23 over Q2 FY22.The scrip rose 0.36% to currently trade at Rs 661.55 on the BSE.

CRISIL reaffirms ratings of Shankara Building Products

Shankara Building Products has received reaffirmation in credit ratings from CRISIL as under:Total Bank Loan Facilities Rated-Rs.432 crore (Enhanced from Rs.300 crore)Long Term Rating CRISIL BBB+Stable (Reaffirmed)Short Term Rating CRISIL A2 (Reaffirmed)Rs.60 Crore Commercial Paper CRISIL A2 (Reaffirmed)

Shankara Building Products receives affirmation in credit ratings 

Shankara Buildi Standalone September 2022 Net Sales at Rs 886.44 crore, up 55.45% Y-o-Y

Shankara Buildi Standalone June 2022 Net Sales at Rs 810.07 crore, up 91.18% Y-o-Y

Shankara Building Products Ltd. engages in trading home improvement and building products. It operates through the following segments: Retail, Enterprise, and Channel. The Retail segment focuses on the retail of products for home improvement and building materials. The Enterprise segment includes the requirements of large end users, contractors, and original equipment manufacturers (OEMs). The Channel segment caters dealers and other retailers for their steel and steel linked product requirements through branch network. The company was founded by Sukumar Srinivas on October 13, 1995 and is headquartered in Bangalore, India.

Watchers	21
52-Wk Low	582.95
52-Wk High	920.00

Market Cap	15.86B
Volume (M)	71,004.00
52-Wk High	920.00
52-Wk Low	582.95

SHANKARA.NSE Shankara Building Products Ltd

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