Buy Shankara Building Products: Equity99

It is available 32.5 percent lower against its 52 weeks high of Rs 2365 Shankara is an excellent proxy play on housing growth thus we are recommending it with a buy, says Sumit Bilgaiyan of Equity99.

Moneycontrol News

July 30, 2018 / 11:02 IST

26 Aug, 2025 12:21

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Sumit Bilgaiyan

Shankara Building Products is one of the leading organized retailers of home improvement and building products in India. Shankara caters to a large customer base across various end-user segments in urban and semi-urban markets through its multi-channel sales approach, processing facilities, supply chain and logistics capabilities.

Its retail operations are strategically suited to benefit from growth in housing demand, a large market for home improvement, and increasing customer involvement in home solution decisions which have created a need for organized specialty home improvement and building product stores.

Shankara also carries reputed third party brands such as Johnson, Sintex, Uttam Galva, Uttam Value, Futura, APL Apollo, Astral Pipes and Alstone and its own brands such as CenturyRoof, Ganga and Loha at its retail stores. Thus its revenue comprises of retail as well as enterprise sells.

Company’s enterprise sales cater primarily to large end-users, contractors, and OEMs, while the channel sales cater to dealers and other retailers through its extensive branch network. On PAT front, it has reported 48% CAGR growth in last 3 years. It is available 32.5% lower against its 52 weeks high of Rs 2365 Shankara is an excellent proxy play on housing growth thus we are recommending it with a buy.