NSE: SHANKARA | BSE: 540425

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112.50 -1.10 (-0.97%)

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Shankara Building Products Ltd. share price target and research reports

Name: Latest research reports of Shankara Building Products Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Shankara Building Products Ltd.
Rating: 3
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for SHANKARA, BSE:540425 Shankara Building Products Ltd.

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Shankara Building Products Ltd.

20 Nov 2020

112.50

-0.97%

Shankara Building Products

Hold: Shankara Building Products...

Target

ICICI Securities Limited

Closure of loss making stores to improve profitability For H1, retail business revenues de-grew ~30% YoY to | 492 crore with Q2 witnessing ~18% YoY decline at | 283 crore. The company, which reported EBIT losses in Q1, returned to the black with EBIT margins of 6% in Q2 (down 200 bps YoY. We highlight that Shankara has rationalised its stores with strong focus on higher revenue share and healthier margin. The process has reduced the store count (to 115 at the end of Q2FY21 vis--vis 129 at the end of Q2FY20) but increased the average ticket size (to | 30,640 in Q2FY21 vis-vis | 28,156 reported in Q2FY20). Post an expected decline of ~18% in...

Shankara Building has lost -83.31% in the last 1 Year

Shankara Building Products Ltd.

20 Aug 2019

112.50

-0.97%

Shankara Building Products

Hold: Shankara Building Products...

Target

ICICI Securities Limited

Retail business revenues de-grew 10.5% YoY to | 359.6 crore (~56% of overall revenues) in Q1FY20. EBIT margins of the business segment expanded 83 bps QoQ to 8.1% in Q1FY20. As of Q1FY20, SBP has 129 stores (111 stores on lease basis), with total area of ~5.56 lakh sq ft. The average rental cost for the stores was at | 20.2/sq ft/month. The company is currently not looking at any immediate expansion/addition to its overall retail store count as its near-term focus is to increase retail business at each store level. With this, the management expects revenue growth to remain flattish in...

Shankara Building has lost -89.16% in the last 6 Months

Shankara Building Products Ltd.

16 May 2019

112.50

-0.97%

Shankara Building Products

Hold: Shankara Building Products...

Target

ICICI Securities Limited

Retail revenues de-grow 6.9% YoY in Q4FY19 Retail business revenues de-grew 6.9% YoY to | 351.9 crore and contributed ~57% to overall revenues in Q4FY19. EBIT margins for this business contracted 350 bps YoY to 7.3% in Q4FY19 on account of volatility in steel prices. Shankara currently has 134 retail stores and is looking to close down six stores (~21,300 sq ft) mainly in Gujarat as the management does not see Gujarat as its strategic focus. Overall, the company reported same store sales (SSS) de-growth of

Shankara Building has lost -88.96% in the last 3 Months

Shankara Building Products Ltd.

12 Feb 2019

112.50

-0.97%

Shankara Building Products

Results Update: Shankara Building Products...

ICICI Securities Limited

Shankara Building Products' (SBPL) topline de-grew 3.1% YoY to | 605.3 crore, much less than our expectation of | 696.4 crore on account of revenue de-growth in the channel & enterprise division...

Shankara Building has lost -88.96% in the last 3 Months

Shankara Building Products Ltd.

04 Dec 2018

112.50

-0.97%

Shankara Buildi

Sell: Shankara Building Products...

Recommendation Target

Kotak Securities

NEGATIVE SURPRISE: Change in company's business strategy Shankara building products in its conference call has updated on the business strategy of achieving higher revenue growth in retail segment but at much lower margins which came as a negative surprise. It is transitioning into a low price retailer with focus on plumbing and sanitaryware as key growth drivers in the retail segment. Company expects healthy growth in the retail segment and...

Shankara Building Products Ltd. is trading below all available SMAs

Shankara Building Products Ltd.

03 Dec 2018

112.50

-0.97%

Management's sharp reduction in retail business margin guidance drives another steep cut...

Not Rated: Shankara Building Products...

Emkay

Management's sharp reduction in retail business margin guidance drives another steep cut in our earnings estimates. It expects margins to be lower due to its strategy to offer best prices, shift to cash sales, and weakness in processing margins. Despite the focus on aggressive pricing, retail growth guidance of 25% does not indicate any material benefits, which results in the sharp reduction in our estimates....

Shankara Building Products Ltd. is trading below all available SMAs

Shankara Building Products Ltd.

03 Dec 2018

112.50

-0.97%

Shankara Building Products

Hold: Shankara Building Products...

Target

ICICI Securities Limited

The management of Shankara Building Products Ltd (SBPL) now believes that the company's strong future prospects lies in consolidating its position in the industry rather than aggressive store expansions. It has hence cut its store expansion target to 8-10 stores in FY19 (v/s 15-20 stores guided earlier) and aims for a payback period of 3 years. Also, SBPL shall be putting its core focus on select product categories like plumbing & sanitaryware products to achieve growth ahead. It is also bringing strict financial discipline measures like reducing debtor days,...

Shankara Building has lost -89.16% in the last 6 Months

Shankara Building Products Ltd.

15 Nov 2018, 12:00AM

112.50

-0.97%

Shankara Building Products

Hold: Shankara Building Products...

Recommendation Target

ICICI Securities Limited

Shankara reported a weak set of Q2FY19 numbers The topline grew 12.6% YoY to | 643.9 crore on account of 25.8% YoY growth in retail division revenues to | 343.3 crore in Q2FY19 EBITDA margin contracted 235 bps YoY to 4.8% mainly due to a sharp contraction in EBIT margins of channel & enterprise division (1.7% EBIT margin in Q2FY19 vs. 5.5% in Q2FY18). However, EBIT margin for retail division was at 9.7% in Q2FY19 vs. 10.5% in Q2FY18 The bottomline de-grew 47.2% YoY to | 9.1 crore mainly on account...