Shankara Building Products was originally incorporated as ‘Shankara Pipes India Private Limited’ on October 13, 1995 at Bengaluru, Karnataka, India as a private limited company under the Companies Act, 1956. Subsequently, the Company was converted to a public limited company and a fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies, Bangalore, Karnataka (‘RoC’) on August 28, 2007 in the name of ‘Shankara Pipes India Limited’. The name of Company was subsequently changed to ‘Shankara Infrastructure Materials Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on March 25, 2011. Thereafter, the name of the Company was changed to ‘Shankara Building Products Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on July 27, 2016.

They are one of the leading organised retailers of home improvement and building products in India based on number of stores, operating under the trade name Shankara BuildPro. As on December 31, 2016, they operated 103 Shankara BuildPro stores spread across 9 states and 1 union territory in India. They cater to a large customer base across various end-user segments in urban and semi-urban markets through their multi-channel sales approach, processing facilities, supply chain and logistics capabilities. Their retail operations are strategically suited to benefit from growth in housing demand, large market for home improvement, and increasing customer involvement in home solution decisions which have created a need for organized speciality home improvement and building product stores. Their growth is further driven by their ability to make available an assortment of quality products under a trusted corporate brand built over two decades. Their staff creates awareness about products and applications, and guide customers’ purchase decisions. They also provide delivery and facilitate installation services for select product categories.

Business area of the company

They serve home owners, professional customers (such as architects and contractors), and small enterprises, through their retail stores. Additionally, in the semi urban markets, they also cater to specific agricultural requirements of individual customers and small enterprises. Under retail operations, they offer a comprehensive range of products at their stores, including structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied products. They carry reputed third party brands such as Johnson, Sintex, Uttam Galva, Uttam Value, Futura, APL Apollo, Astral Pipes and Alstone and their own brands such as CenturyRoof, Ganga and Loha at their retail stores.

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Market Cap	1,683 Cr	ROE	2.7%
P/E Ratio(TTM)	23.7	EPS(TTM)	0.0
P/B Ratio	2.2	Dividend Yield	0.4%
Industry P/E	19.4	Book Value	320.8
		Face Value	10.0

Fundamentals