What we do Shankara Building Products Limited is a leading organized retailer of home improvement and building products in India, operating multi-channel sales across urban and semi-urban areas. |
Founded in 1,995 |
Market share Strong presence with 129+ retail stores across 10 states and one union territory, focused on steel and non-steel building materials segments. |
Problem solved Addresses building materials supply chain gaps by offering comprehensive product range and integrated retail and distribution services to homeowners and professionals. |
Top clients or who we serve Homeowners, architects, contractors; primarily B2C retail and B2B channel customers in urban India. |
Key management Sukumar Srinivas (Managing Director), C. Ravikumar (Whole-time Director), Alex Varghese (CFO), Ereena Vikram (Company Secretary). |
Our journey and innovations From pipes in 1995 to integrated building products retailer; IPO in 2017; launched private labels; expanded processing capacities and product categories continuously. |
Where we operate Operations across 10 Indian states and one union territory, with focus on South India and expansion in West and Central India. |
Top products or what we offer Retail and wholesale of structural steel, cement, TMT bars, pipes, roofing, plumbing materials, tiles, sanitary ware, water tanks, plywood, lighting, and allied products. |
Top brands Private labels include Taurus, Prince Galva Plus, Loha, and Fortia tiles; recognized brands across steel and non-steel categories. |
Raw materials needed Steel coils, cement, tiles, plumbing components, sanitary ware, paint, adhesives, and other building materials. |
Raw materials supplier Partnerships with major suppliers in steel, sanitary ware, and building materials sectors across India. |
Recurring vs cyclical contribution Revenue mix includes recurring sales from retail and wholesale segments, though overall industry is subject to cyclical construction demand. |
Our industry position Among top organized building products retailers and steel pipe distributors in India, with growing retail footprint and integrated supply chain. |
Financial highlights Consolidated revenue ₹4828 crore (FY24), EBITDA ₹156 crore, PAT ₹81 crore; growth 20% YoY; EBITDA margin 3.24%. |
Geographical revenue split Revenue predominantly from South India with increasing contributions from West and Central India. |
Order book - |
Whats driving growth Volume growth in steel products, expansion of retail stores, diversification into non-steel product categories, and supply chain efficiencies. |
Our future plans Expand retail footprint, increase non-steel product offerings, enhance processing capacities and complete listing of demerged subsidiary Shankara Buildpro Limited. |
Our green promise Environmental and social initiatives focused on community education, healthcare support, and sustainability through responsible sourcing. |
Our people and values Employs 881 employees focused on customer-centric culture, diversity, and compliance with ethical standards. |
Key challenges ahead Industry-wide building materials slowdown, managing working capital, and completing demerger and regulatory approvals. |
Interesting facts IPO oversubscribed 40.8x in 2017; launched India's leading private label tiles brand Fortia; operates over five lakh sq.ft. retail space. |
Risks and strategy Mitigating market cyclicality through product diversification, strengthening supply chain, expanding retail and processing operations for sustainable growth. |
