Shankara Building Products Ltd - 540425 - Compliance Certificate For The Period Ended September, 2019
Pursuant to Regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we are herewith submitting the Certificate for the half year ended 30th September, 2019 duly signed by the Compliance Officer and Authorised representative of the Registrar and Share Transfer Agent of the Company for your information and record. Shankara Building Products Ltd - 540425 - Shareholding for the Period Ended September 30, 2019
Shankara Building Products Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2019. For more details, kindly Click here Shankara Building Products Ltd - 540425 - Statement Of Investor Complaints For The Quarter Ended September 2019
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0330 Name of the Signatory :- Ereena VikramDesignation :- Company Secretary and Compliance Officer Shankara Building Products Ltd - 540425 - Closure of Trading Window
Closure of Trading Window Shankara Building Products Ltd - 540425 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Earnings Call Transcript Shankara Building Products Ltd - 540425 - Clarification
With reference to increase in Price, Shankara Building Products Ltd has submitted to BSE a copy of Clarification is enclosed. Shankara Building Products Ltd - 540425 - Clarification sought from Shankara Building Products Ltd
The Exchange has sought clarification from Shankara Building Products Ltd on September 11, 2019, with reference to increase in Price.The reply is awaited.
India Ratings downgrades Shankara Building Products
India Ratings has downgraded Shankara Building Products, notching down the company's long-term rating from Ind A to Ind A-. India Ratings said that it was concerned about the interest cover the company had, and the decline in its operating margins. Shankara has been offering its customers discounts if they make faster and more regular payments, which has also impacted its overall profitability. "The downgrade reflects deterioration in SBPL’s consolidated credit metrics with its gross interest cover (operating EBITDA/gross interest expense) reducing to 2.1x in FY19 (FY18: 3.8x) and rent adjusted interest coverage (operating EBITDAR/gross interest expense + rents) to 1.8x (3.2x)." Shankara's net adjusted leverage increased to 2.3x in FY19 (FY18: 1.8x). This was on account of lower operating EBITDA of INR1,194 million during FY19 (FY18: INR1,752 million). While the reduction in debt due to improvement in the working capital cycle (FY19: 49 days, FY18: 57 days) over 4QFY19-1QFY20 and the sale of its Chegunta manufacturing plant is likely to aid in some improvement in interest cover in FY20, Ind-Ra expects it to be lower than historical levels of FY18 and below the agency’s expectations for the rating level. The gross interest cover was 2.6x and rent adjusted interest cover was 2.1x in 1QFY20 (excluding IND-AS 116 adjustment). Operating margin falls Consolidated operating EBITDA margin declined to 4.5% in FY19 (FY18: 6.9%) on account of lower profitability in the retail segment as well as lower processing margins. The processing margins were under pressure during FY19 on account of volatile commodity prices, which resulted in an inventory loss of around INR200 million and intense competition in the pipes segment. Also, strategy to offer discounts to reduce the working capital cycle and transactional discounts on the new product category impacted the retail profitability. Consolidated revenue grew 4.1% in FY19 to INR26,541 million due to an increase in retail segment sales. To see all credit rating changes, try Discover. Shankara Building Products Ltd - 540425 - Announcement under Regulation 30 (LODR)-Credit Rating
Credit Rating Shankara Building Products Ltd - 540425 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015