Shankara Building Products Achieves 52-Week High Amid Market Volatility and Strong Growth Metrics

Shankara Building Products has made headlines today as its stock price reached a new 52-week high of Rs. 827.6, marking a significant milestone for the small-cap company in the Garments & Apparels industry. This impressive performance comes amid a challenging market environment, with the Sensex experiencing a sharp decline of over 788 points. Despite this backdrop, Shankara has outperformed its sector by 4.54%, showcasing its resilience.
The company has demonstrated strong financial health, highlighted by a low Debt to EBITDA ratio of 1.02 times, indicating a robust ability to service its debt. Recent financial results reveal a notable growth in net sales, which reached Rs. 3,076.32 crore, reflecting a 20.46% increase over the last six months. Additionally, Shankara's return on capital employed (ROCE) stands at an impressive 16.00%, further underscoring its operational efficiency.

With a one-year return of 21.70%, significantly outpacing the Sensex's 7.78%, Shankara Building Products continues to solidify its position in the market, supported by strong technical indicators and attractive valuations compared to its peers.