Shankara Building Products stock slides 5%

New Delhi: Shares of Shankara Building Products traded 4.99 per cent down in Thursday's trade at 09:54 am. Around 4259 shares changed hands on the counter. The stock opened at Rs 243.0 and touched an intraday high and low of Rs 243.0 and Rs 230.2, respectively, in the session so far.

CRISIL has downgraded its rating on bank facilities to CRISIL BBB+ from CRISIL A-. CRISIL also has downgraded its rating on the commercial paper to CRISIL A2 from CRISIL A2+. The downgrade reflects the moderation in the group’s overall business risk profile marked by continued supressed return on capital employed (RoCE) levels and working capital intensity.

The stock quoted a 52-week high of Rs 1270.0 and a 52-week low of Rs 241.0.


Financials
Shankara Building Products, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 558.78 crore) operating in Retail sector.

The company reported net profit after tax of Rs 11.54 crore for the quarter ended 31 December, 2019. For the same quarter, the company reported Consolidated sales of Rs 700.06 crore, up 10.58 per cent from last quarter Sales of Rs 633.10 crore and up 15.65 per cent from last year same quarter Sales of Rs 605.34 crore.

Shankara Building Products key products/revenue segments include building products which contributed Rs 2352.37 crore to sales value (100.00 per cent of total sales)for the year ending 31-mar-2019.

Promoters holding
Promoters held 56.308167 per cent stake in the company as of Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 18.33 and price to book value of 1.16.