Shankara Buildpro Limited (BUILDPRO)
₹216.70 +0.88% last close, 23 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Shankara Buildpro's revenue was ₹1,890 Cr (+20.5% year on year, -5.3% on the previous quarter), and net profit ₹35.8 Cr (+11.8% year on year); the operating margin was 3.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,890 | +20.5% | -5.3% |
| Operating profit | ₹61.1 | +15.3% | -12.7% |
| Net profit | ₹35.8 | +11.8% | -14.8% |
| EPS (₹) | 14.76 | — | -13.5% |
| Operating margin | 3.2% | — | — |
No EPS growth against Q1 FY26: ₹10 to ₹2 split in Oct 2026.
BUILDPRO delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 53.22% of the BUILDPRO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 58.72%. That is close to its usual level. It traded 2.4 times its average daily volume.
Delivery in the last 5 sessions: 49.8% · 61.0% · 46.8% · 45.2% · 53.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
CRISIL Ratings has upgraded Shankara Buildpro Limited's long-term bank facilities from 'CRISIL A-/Stable' to 'CRISIL A/Stable' and short-term facilities from 'CRISIL A2+' to 'CRISIL A1'. Concurrently, total rated bank loan facilities have been enhanced from ₹745 Crore to ₹820 Crore. The rated facilities include ₹570 Crore of cash credit limits across 8 banks and ₹250 Crore of short-term non-fund and working capital limits. This rating upgrade reflects improved creditworthiness, potentially reducing borrowing costs on its working capital debt.
- Long-term bank loan facilities upgraded from 'Crisil A-/Stable' to 'Crisil A/Stable'
- Short-term rating upgraded from 'Crisil A2+' to 'Crisil A1'
- Total bank loan facilities rated increased from ₹745 Crore to ₹820 Crore (an increase of ₹75 Crore)
- Facilities rated include ₹570 Crore in Cash Credit and ₹250 Crore in Non-Fund Based/Working Capital limits across 11 banks
- Rating letter issued on October 14, 2026, and valid until March 31, 2027
Shankara Buildpro Limited has fixed Thursday, October 8, 2026, as the record date for its equity share sub-division. Under the approved corporate action, 1 existing equity share of face value Rs 10 will be split into 5 equity shares of face value Rs 2 each (1:5 ratio). The corporate action is intended to increase share liquidity and retail participation, with the updated structure reflecting in the shareholding pattern for the quarter ending December 31, 2026.
- Sub-division ratio fixed at 1:5 (1 share split into 5 shares)
- Face value reduced from Rs 10 to Rs 2 per equity share
- Record date set for Thursday, October 8, 2026
- Revised shareholding structure to be reported in the quarter ending December 31, 2026 pattern
Shankara Buildpro Limited has secured confirmation from depositories NSDL and CDSL for a new ISIN (INE24OJ01029) following its equity share split. The company is sub-dividing 1 existing equity share of face value Rs. 10 each into 5 equity shares of face value Rs. 2 each. The stock split will take effect under the new ISIN starting from the record date of October 08, 2026.
- Sub-division of 1 equity share of face value Rs. 10 into 5 equity shares of face value Rs. 2
- New ISIN INE24OJ01029 allotted and activated by CDSL on September 30, 2026, and confirmed by NSDL
- Record date for implementing the sub-division fixed as October 08, 2026
Shankara Buildpro Limited has fixed Thursday, October 08, 2026, as the record date for its stock split. The company's shareholders approved the sub-division of each equity share of face value Rs 10 into 5 equity shares of face value Rs 2 via postal ballot on September 10, 2026. The corporate action increases the overall number of outstanding shares without altering the underlying equity capital or business fundamentals. The stock currently trades at Rs 1,329.40 following a 41.8% gain over the last six months.
- Record date fixed as October 08, 2026 for stock split eligibility
- Sub-division of 1 equity share of face value Rs 10 into 5 equity shares of face value Rs 2
- Shareholder approval secured via remote e-voting postal ballot on September 10, 2026
- Current market price stands at Rs 1,329.40 prior to split adjustment
Shankara Buildpro Limited shareholders have approved the sub-division/stock split of equity shares from a face value of Rs 10 to Rs 2 each via postal ballot. A total of 14,585,738 votes were polled (60.15% turnout on outstanding shares of 24,249,326), with 99.9997% voting in favor. The split divides each existing equity share into five shares, aiming to improve liquidity and retail participation.
- Share split approved from Rs 10 to Rs 2 per equity share (5-for-1 ratio)
- Voting passed with 99.9997% votes in favor out of 14,585,738 total votes polled
- Turnout stood at 60.1490% across 24,249,326 total outstanding shares
- Total registered shareholders on record date stood at 26,717
Shankara Buildpro has issued a postal ballot notice to seek shareholder approval for a 1:5 stock split. The proposal involves sub-dividing each equity share of face value Rs 10 into five shares of face value Rs 2 each. The e-voting period is set for August 12, 2026, to September 10, 2026, with results to be announced by September 14, 2026. This corporate action is intended to enhance market liquidity and make the shares more accessible to retail investors.
- Proposed sub-division of 1 equity share of Rs 10 face value into 5 equity shares of Rs 2 face value
- Authorized Share Capital remains at Rs 30.00 cr, now divided into 15.00 cr shares of Rs 2 each post-split
- Current paid-up equity share capital is Rs 24.249 cr consisting of 2,42,49,326 shares
- E-voting period commences August 12, 2026, and concludes September 10, 2026
- Cut-off date for determining voting eligibility was Friday, August 07, 2026
Shankara Buildpro reported a strong Q1 FY27 with revenue growing 21% YoY to ‡1,890 crore, driven by 10% volume growth in steel (2.5 lakh tons). Despite a ‡10 crore inventory loss due to steel price volatility, PAT rose 12% YoY to ‡35.8 crore. The company maintained efficient operations with working capital at 27 days and a high ROCE of 35%. Management has proposed a 1:5 stock split to improve liquidity and guided for 20% steel volume growth for the full year.
- Revenue increased 21% YoY to ‡1,890 crore, with steel marketplace revenue at ‡1,725 crore.
- Steel volumes grew 10% YoY to 2.5 lakh tons, outperforming a soft industry environment in April and May.
- Non-steel revenue grew 15% YoY to ‡165 crore, led by a 32% surge in the fittings and sanitaryware category.
- Proposed a 1:5 stock split, subdividing ‡10 face value shares into ‡2 face value shares.
- Maintained a 35% ROCE and reduced finance costs to 0.55% of revenue through disciplined working capital management.
Shankara Buildpro has published the audio recording of its Q1 FY27 earnings call held on August 7, 2026. The call likely covered the company's progress on its 10-15% growth target and its strategy to shift toward higher-margin non-steel products like sanitaryware and ceramics. With an operating margin of 2.85%, management's commentary on product mix optimization is critical for investors. The company continues to leverage its 94 retail showrooms and 0.52 million sq ft of retail space for deeper penetration in Southern and Western India.
- Earnings call for Q1 & FY27 conducted on August 7, 2026, at 12:00 IST
- Company maintains a retail footprint of 94 showrooms and 20 warehouses
- Total retail space currently stands at 0.52 million sq ft
- Management targeting a long-term growth rate of 10-15%
- Operating margin remains sensitive at 2.85% due to the trading nature of the steel business
Shankara Buildpro delivered a strong Q1FY27 with revenue growing 21% YoY to ₹1,890 crore, driven by a 10% increase in steel volumes to 2.50 lakh tonnes. Net profit (PAT) rose 12% YoY to ₹36 crore, while EBITDA margins stood at 3.26%. Notably, the non-steel segment resumed growth at 15% YoY after two years of consolidation. The company remains committed to its FY27 target of 1.2 million tonnes of steel volume.
- Revenue from operations increased 21% YoY to ₹1,890 crore in Q1FY27
- Steel marketplace volumes grew 10% YoY to 2.50 lakh tonnes despite soft industry demand
- Non-steel segment revenue growth resumed at 15% YoY after a two-year consolidation period
- PAT grew 12% YoY to ₹36 crore with an EBITDA margin of 3.26%
- Operational footprint expanded to 132 stores and fulfillment centers with 5.5+ lakh sq. ft. of retail space
Shankara Buildpro reported a robust 21% YoY revenue growth to ₹1,890 crore for Q1FY27, primarily driven by a 10% increase in steel volumes to 2.50 lakh tonnes. While PAT grew 12% YoY to ₹36 crore, EBITDA margins compressed slightly to 3.26% from 3.36% due to steel price fluctuations. The company maintains a high RoCE of 35% and has set an ambitious target of 1.2 million tonnes of steel volume for FY27. Non-steel revenue, a key margin-accretive segment, grew 15% YoY to ₹165 crore, signaling a recovery in building materials.
- Total revenue grew 21% YoY to ₹1,890 crore in Q1FY27, led by steel marketplace performance.
- Steel volumes reached 2.50 lakh tonnes in Q1, with a full-year FY27 target of 1.2 million tonnes.
- Non-steel segment revenue increased 15% YoY to ₹165 crore, showing recovery in sanitaryware and electricals.
- Maintained an asset-light balance sheet with a superior RoCE of 35% and working capital at 27 days.
- Planned expansion of 4-5 stores/fulfillment centers per year for FY27 and FY28 in high-potential markets.
Shankara Buildpro reported a 20.5% YoY increase in consolidated revenue to ₹1,889.79 Cr for Q1 FY27. Net Profit grew 11.6% to ₹35.78 Cr, while Profit Before Tax (PBT) reached ₹47.89 Cr. The Board also approved a 1:5 stock split, subdividing each ₹10 face value share into five ₹2 face value shares to enhance market liquidity. Operating margins remain thin at approximately 2.53%, consistent with the company's high-volume trading model.
- Revenue from operations increased 20.5% YoY to ₹1,889.79 Cr from ₹1,568.14 Cr.
- Consolidated Net Profit rose to ₹35.78 Cr compared to ₹32.07 Cr in the same quarter last year.
- Approved 1:5 stock split to reduce share face value from ₹10 to ₹2, targeting completion within 2 months.
- Total expenses for the quarter stood at ₹1,842.37 Cr, driven primarily by stock-in-trade purchases of ₹1,824.96 Cr.
- Subsidiary Purple Splash Materials contributed ₹1.87 Cr to revenue and ₹0.35 Cr to PAT.
Shankara Buildpro Limited has scheduled its Q1FY27 earnings conference call for August 07, 2026, at 12:00 PM IST. The management team, including the Managing Director and CFO, will discuss financial results for the quarter ended June 30, 2026. This interaction follows a strong 6-month price return of 71.7%, and investors will likely look for updates on the company's strategy to increase non-steel segment contributions. The company currently operates 94 retail showrooms across 0.52 million sq ft.
- Earnings conference call scheduled for August 07, 2026, at 12:00 PM IST
- Management participants include MD Sukumar Srinivas and CFO Alex Varghese
- Discussion will cover financial performance for the quarter ended June 30, 2026
- Company maintains a retail footprint of 94 showrooms and 0.52 million sq ft
- Promoter holding remains stable at approximately 40.2%
Shankara Buildpro Limited has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations for the period ending June 30, 2026. The certificate, issued by KFin Technologies Limited (the company's Registrar and Share Transfer Agent), confirms that all securities dematerialized or rematerialized during the quarter have been duly reported to the stock exchanges. This is a routine procedural filing required by SEBI to ensure the integrity of electronic share records. There is no impact on the company's financial performance or business operations.
- Compliance certificate submitted for the quarter ended June 30, 2026.
- Certificate issued by Registrar and Share Transfer Agent, KFin Technologies Limited, on July 1, 2026.
- Confirms adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.
- Verification provided to both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).
Shankara Buildpro Limited concluded its 3rd Annual General Meeting on July 2, 2026, with shareholders approving all seven proposed resolutions. Key outcomes include the adoption of FY26 audited financial statements, the declaration of a final dividend, and the re-appointment of directors. Notably, shareholders passed special resolutions to increase the remuneration for the Managing Director and two Whole-time Directors. The voting process saw a 56.42% turnout of the total 2.42 crore shares, with near-unanimous support for all items.
- 7 resolutions passed with requisite majority, including a final dividend and management pay increases
- 1,36,80,312 total votes polled, representing 56.42% of the company's outstanding shares
- 24,810 shareholders were on record as of the book closure period starting June 25, 2026
- Special resolutions approved for remuneration hikes for MD Sukumar Srinivas and WTDs C. Ravikumar and Dhananjay Mirlay Srinivas
- Promoter group, holding 40.18% of capital, voted 100% in favor of all resolutions
Shankara Buildpro reported a robust performance for FY26, with revenue growing 30% to ₹6,825.71 cr and PAT increasing 63% to ₹127.96 cr. The company achieved a significant milestone by surpassing 1 million tonnes in annual steel sales volume, a 32% YoY growth. Shareholders at the 3rd AGM considered a final dividend of ₹5 per share and approved remuneration increases for key management personnel. This follows the successful demerger and listing of the marketplace business completed in January 2026.
- Total revenue for FY26 reached ₹6,825.71 cr, representing a 30% growth over FY25.
- Profit After Tax (PAT) surged 63% to ₹127.96 cr from ₹78.16 cr in the previous year.
- Annual steel sales volume hit a milestone of 1.02 million tonnes, up 32% YoY.
- EBITDA improved by 51% to ₹228.34 cr for the fiscal year ended March 31, 2026.
- Board recommended a final dividend of ₹5 per share, subject to shareholder approval.
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment: Trading and retailing of home improvement and building products. Revenue for fiscal 2025 was INR 5,267.38 Cr, and for the first quarter of fiscal 2026 (ended June 30, 2025), it reached INR 1,568.14 Cr, representing a strong quarterly run-rate compared to the previous year.
Geographic Revenue Split
100% of operations and revenue are generated within India, specifically across Southern and Western India where the company operates 94 retail showrooms and 20 warehouses across 9 states.
Profitability Margins
Net profit margin improved from 1.48% in fiscal 2025 to 2.05% in Q1 FY26. Operating margin stood at 2.85% in fiscal 2025, with management targeting a steady margin of around 3% through a higher contribution from the non-steel segment.
EBITDA Margin
EBIT for fiscal 2025 was INR 143.34 Cr (2.72% of revenue) and reached INR 50.81 Cr in Q1 FY26 (3.24% of revenue), showing a core profitability improvement of approximately 52 basis points.
Capital Expenditure
Capital requirements are primarily for expansion and strategic acquisitions. The company holds intangible assets valued at INR 11.47 Cr, including a brand value of INR 10.78 Cr acquired pursuant to the demerger scheme.
Credit Rating & Borrowing
Crisil Ratings maintains a 'Stable' outlook. Borrowing costs are managed through a mix of fixed and floating rates, with floating rate debt expiring within one year totaling INR 141.57 Cr as of June 30, 2025.
Operational Drivers
Raw Materials
Traded goods include steel products (coils, pipes), sanitaryware, ceramics, and other building materials. Purchases of stock-in-trade accounted for INR 5,038.38 Cr (95.6% of revenue) in fiscal 2025.
Import Sources
Operations are fully within India; products are sourced domestically from major manufacturers to supply the retail network across 9 Indian states.
Key Suppliers
Key suppliers include JSW Steel Ltd, Steel Authority of India Ltd (SAIL), 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.
Capacity Expansion
Currently operates 94 retail showrooms, 36 fulfillment centers, and 20 warehouses with 0.52 million sq ft of retail space. Expansion is funded through cash generated from operations and bank borrowings.
Raw Material Costs
Cost of goods sold for Q1 FY26 was INR 1,485.05 Cr. Procurement strategies involve purchasing at prevailing market prices to match selling price movements, particularly for steel products.
Manufacturing Efficiency
Not applicable as the company is a trading entity; however, Return on Capital Employed (ROCE) was a healthy 31.53% in fiscal 2025.
Logistics & Distribution
Distribution is managed through fulfillment centers across Southern and Western India to service 94 showrooms.
Strategic Growth
Expected Growth Rate
10-15%
Growth Strategy
Growth will be driven by increasing the contribution from the non-steel segment (sanitaryware, ceramics) to improve margins, expanding the retail showroom footprint, and pursuing strategic acquisitions like the 51% stake in Purple Splash Materials Private Limited.
Products & Services
Steel pipes, steel coils, sanitaryware, tiles, home improvement products, and building materials sold through 94 retail showrooms.
Brand Portfolio
Shankara Buildpro
New Products/Services
Focus on expanding the non-steel segment and home improvement services to diversify revenue streams away from volatile steel trading.
Market Expansion
Targeting deeper penetration in Southern and Western India, leveraging its existing 0.52 million sq ft of retail space.
Market Share & Ranking
Not disclosed, but identified as having an established market position in the building materials industry.
Strategic Alliances
Maintains longstanding associations with premier brands like Jaquar, Kohler, and JSW Steel to offer a diverse product range.
External Factors
Industry Trends
The industry is seeing a recovery in construction activity; the company is positioning itself for the future by shifting toward a higher-margin non-steel product mix and home improvement services.
Competitive Landscape
Competes with both organized and unorganized building material retailers; competitive edge is maintained through scale and vendor relationships.
Competitive Moat
Moat is built on a massive distribution network (94 showrooms, 20 warehouses), relationships with top-tier brands, and a vast inventory of 100,000+ SKUs, which are difficult for new entrants to replicate quickly.
Macro Economic Sensitivity
Highly sensitive to real estate demand and construction activity cycles; revenue was historically impacted by pandemic-related disruptions but has since recovered.
Consumer Behavior
Increasing consumer preference for renowned brands in home improvement, which the company addresses through its diverse brand associations.
Geopolitical Risks
Exposure is limited due to 100% domestic operations, though global economic conditions influence domestic steel pricing.
Regulatory & Governance
Industry Regulations
Complies with the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, and Ind AS accounting standards.
Taxation Policy Impact
The company accounts for taxes on profits; net profit of INR 32.07 Cr in Q1 FY26 is reported net of tax.
Legal Contingencies
No project completion overruns or cost excesses reported; unsatisfied performance obligations are Nil.
Risk Analysis
Key Uncertainties
Fluctuations in steel prices represent the primary uncertainty, with a 1% price change significantly impacting net exposure and equity.
Geographic Concentration Risk
High concentration in Southern and Western India (9 states).
Third Party Dependencies
Significant dependency on key suppliers like JSW Steel and SAIL for core inventory.
Technology Obsolescence Risk
Digital transformation is managed through software assets; the company recently hived off its marketplace division during the demerger.
Credit & Counterparty Risk
Trade receivables stood at INR 336.86 Cr (not due) as of June 30, 2025, indicating healthy receivable quality.
