Shankara Buildpro Ltd(BUILDPRO)

NSE: BUILDPROBSE: 544517

₹ 222.65+3.53%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 2,700 crWebsite: www.shankarabuildingproductsltd.comUpdated: 24 Oct 2026

About

Shankara Buildpro Ltd describes itself as one of India's leading omni-channel marketplaces for building and construction products, serving individual homeowners, contractors, fabricators, institutions and industrial consumers. It sources, stocks and delivers steel alongside non-steel categories through retail stores and fulfilment centres, and was listed on NSE and BSE on 9 January 2026 following a demerger from Shankara Building Products Ltd. Revenue was Rs 6825.71 crore in FY26, and steel volume crossed 10 lakh tonnes in FY26.^[1][2][3]

Business segments

Non-steel (tiles, fittings, sanitaryware, PVC/CPVC pipes, accessories, electricals): ₹606 crore in FY26 (+2% YoY) and ₹165 crore in Q1 FY27 (+15% YoY).^[2]
E-commerce (buildpro.store and third-party platforms): ₹22 crore in FY26, up 322% from ₹5 crore in FY25, split 50:50 between own portal and third-party channels.^[2]

Products and sourcing model

Steel offering spans pipes and tubes, long products and flat products, sourced from multiple brands, with last-mile fulfilment managed by the company.^[4]
Fittings and sanitaryware, the largest non-steel category, grew 32% in Q1 FY27; accessories and electricals grew ~40% in the same quarter.^[4]
Company is investing in value-added steel infrastructure (cut-to-length, laser cutting, warehousing) to serve OEM customers.^[4]
Private-label and white-label products are being developed for the retail segment; no volumes or revenue disclosed yet.^[4]

Key operating numbers

Steel volume: 10.16 lakh tonnes in FY26 (+32% YoY), including 2.89 lakh tonnes in Q4 FY26 (+19% YoY); 2.50 lakh tonnes in Q1 FY27 (+10% YoY).^[2]
Same-store sales growth: 21% in Q1 FY27 vs 23% for FY26 and 17% in Q3 FY26.^[4]
Working capital cycle: 27 days in Q1 FY27 vs 25 days in FY26 and 30 days in FY25.^[4]
ROCE: 35% in Q1 FY27 vs 36% for FY26 and 37% for 9M FY26.^[4]

Store network and customers

As of Q1 FY27: 98 stores and 34 fulfilment centres, after adding three fulfilment centres (Mangalore, Mumbai, Thrissur) and 34 customer touchpoints across 45 towns in 10 states in the quarter.^[4]
Network at end of FY26: 95 stores and 35 fulfilment centres.^[2]
Western region (Maharashtra, Gujarat, Madhya Pradesh) was ~17% of steel volume in Q3 FY26, with ~50% YoY volume growth vs ~20% in the south.^[5]
Customers as of FY26 include individual homeowners, contractors, fabricators, institutions and industrial consumers.^[1]

Expansion and capex

Plans five more stores/fulfilment centres in the rest of FY27 (8-9 for the year), after three added in Q1 FY27.^[4]
FY27 capex budget for store and fulfilment centre additions: ₹15-20 crore; from FY28, additions planned at 4-5 per year.^[2]

Targets

FY27 targets: steel volume 1.2 million tonnes (+~20% YoY), non-steel revenue ₹750 crore (+25% YoY), e-commerce revenue ₹35+ crore.^[4]
Medium-term aspiration: 2 million tonnes of steel volume by about FY30-FY31; non-steel at 15-16% of revenue in three to five years.^[4]
Steel tubes and pipes volume targeted to grow from 6.9 lakh tonnes in FY26 to 1 million tonnes within three years.^[2]

Corporate structure

Listed on NSE and BSE on 9 January 2026 after demerger from Shankara Building Products Ltd; manufacturing assets moved to the parent entity.^[5]
Board approved a 1:5 stock split (face value ₹10 to ₹2) in Q1 FY27, subject to shareholder and regulatory approvals.^[4]
No foreign investments or collaborations as on March 31, 2026.^[1]

Recent developments

15 Oct 2026: CRISIL upgraded the rating on Rs.820 crore bank loan facilities to A/Stable from A-/Stable.^[6]
FY26: final dividend of Rs 5 per share of Rs 10 recommended.^[1]
FY26 annual report proposes MD remuneration rise from Rs 1.178 cr to Rs 1.242 cr, payable as minimum remuneration even in case of loss.^[1]
Q1 FY27: steel price surge then correction caused an estimated ₹10 crore inventory erosion, compressing EBITDA margin by ~50 bps.^[4]
Q1 FY27: tiles hit by the West Asia energy crisis, with recovery reported from May-June 2026.^[4]

Market Cap

₹2,700 Cr

High / Low

₹276 / 127

Stock P/E

4.4

Price / Book

1.1

Book Value

₹225

EPS

₹52.7

No. of Shares

2.42 Cr

ROCE

36.0%

ROE

23.4%

OPM

3.2%

Debt / Equity

0.11

Sales

₹6,826 Cr

Net Profit

₹128 Cr

Promoter holding

40.2%

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