Shankara Building Products Limited (SHANKARA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-194.7%

-₹110.16

vs ₹116.33 price

Levered DCF

-₹489.48

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.06

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	70.02×	4.6×	4.76×	5.57×	13.15×	17.06×	3.19×	7.55×
P/B	0.6×	0.41×	0.48×	0.55×	0.81×	0.45×	0.25×	0.52×
P/S	0.2×	0.06×	0.08×	0.09×	0.19×	0.12×	0.05×	0.09×
EV / EBITDA	19.31×	2.54×	2.92×	3.47×	6.62×	5.11×	3.22×	4.22×
Gross margin	3.8%	5.6%	5.4%	5.6%	6.6%	7.0%	8.6%	9.3%
Operating margin	1.1%	4.6%	2.8%	2.7%	2.9%	2.6%	3.6%	3.2%
Net margin	0.3%	1.4%	1.7%	1.6%	1.4%	0.7%	1.5%	1.2%
Current ratio	1.47×	1.6×	1.67×	1.63×	1.77×	1.9×	1.4×	1.26×
Debt / equity	0.43×	0.12×	0.11×	0.14×	0.24×	0.32×	0.55×	0.41×
Interest coverage	1.1×	4.97×	4.29×	4.41×	2.87×	1.59×	2.23×	1.82×
Dividend yield	2.7%	2.0%	1.5%	0.7%	0.0%	0.0%	7.6%	3.6%
Payout ratio	189.3%	9.4%	7.0%	3.6%	0.0%	0.0%	24.2%	27.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.9%	8.9%	10.2%	9.8%	6.2%	2.7%	7.9%	6.8%
Return on invested capital	1.1%	19.8%	11.5%	10.8%	7.5%	5.2%	9.4%	8.2%
Return on assets	0.5%	4.3%	5.1%	4.9%	3.3%	1.5%	3.4%	2.9%
Free cash flow yield	-66.6%	10.6%	-5.3%	13.4%	11.0%	49.1%	-38.6%	48.5%
Earnings yield	1.4%	21.7%	21.0%	18.0%	7.6%	5.9%	31.3%	13.2%
Enterprise value	₹4.5B	₹4.3B	₹4.4B	₹4.3B	₹5.8B	₹3.9B	₹3.9B	₹4.4B
Net debt / EBITDA	7.85×	0.44×	0.38×	0.66×	1.48×	2.05×	2.17×	1.82×
Cash conversion cycle (days)	68	37	39	37	62	74	66	47