Distributes and markets building materials through a network of fulfilment centres, primarily for construction and infrastructure customers. Steel is the lead category, with FY26 volumes of 10.16 lakh tonnes spanning steel products and steel tubes & pipes (7 lakh tonnes in FY26), sold to contractors, infrastructure developers, and retailers. The non-steel portfolio covers tiles, plastic pipes (CPVC/PVC/UPVC), electrical, paints, and plumbing/fittings/sanitaryware, which ran at just under 10% of FY26 revenue and is targeted at ₹750 crore in FY27. Distribution is being expanded through new fulfilment centres—three opened in Vasai, Trichur, and Bangalore—with 7-10 more planned for FY27 at ₹15-20 crore in capex. E-commerce revenue grew to ₹22 crore in FY26 and is targeted at ₹35 crore in FY27. The disclosed cost structure shows employee cost at 0.8% of revenue, other operating expenses at 1.3%, and capex at 0.1% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Steel (steel products and steel tubes & pipes), Non-steel building materials (10%), E-commerce. Asset-light, low-margin building materials distribution; cyclical exposure to construction and infrastructure spending
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 6,826 |
| EBITDA (ex other income) | 224 |
| margin % | 3.3 |
| Owners' profit | 128 |
| EPS, as reported (₹) | 52.77 |
| ROE % · ROCE % | 23.4 · 39.6 |
| Debt / equity (x) | 0.11 |
| Cash from operations | 50 |
| Capex | (9) |
| ₹ crore | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|
| Revenue | 1,595 | 1,666 | 1,996 | 1,890 |
| Profit before tax | 39 | 38 | 55 | 48 |
| Net profit | 29 | 25 | 42 | 36 |
| EPS (₹) | 12.12 | 10.31 | 17.12 | 14.76 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,817 | 18.1 | 2.96 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 9,347 | 20.9 | 4.41 | 19.9 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 5,178 | 22.1 | 5.73 | 15.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED ◆ | 3,050 | 23.2 | 5.59 | 13.5 | 23.4 | 31.8 | — | 3.3 |
| CREATIVE NEWTECH LIMITED | 1,682 | 25.8 | 4.34 | 19.2 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 865 | 0.1 | 9.61 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Postal Ballot passed: Equity share face value split from Rs 10 to Rs 2 | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Newspaper ads confirming Postal Ballot Notice dispatch | compliance | minimal | — | — |
| 11 Aug 2026 · Postal Ballot: Sub-division of Equity Shares from Rs. 10 to Rs. 2 face value | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Q1FY27: Revenue up 21% YoY at Rs 1,890 cr; stock split proposed | investor communications | medium | — | — |
| 7 Aug 2026 · Audio Recording of Q1 FY27 Earnings Call Available | investor communications | low | — | — |
| 7 Aug 2026 · Newspaper Publication of Q1 FY27 Unaudited Financial Results | compliance | minimal | — | — |
| 6 Aug 2026 · Q1FY27 Investor Presentation - Revenue up 21% YoY, Steel Volume up 10% | investor communications | medium | — | — |
| 6 Aug 2026 · Shankara Buildpro Q1FY27: Revenue up 21% YoY to Rs 1,890 Cr | compliance | low | — | — |
| 6 Aug 2026 · Board approves Q1 results, 1:5 stock split and postal ballot | board shareholder meetings | medium | — | — |
| 4 Aug 2026 · Q1FY27 Earnings Conference Call Scheduled for August 7, 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 810 |
| 8.9 |
| 0.63 |
| 203.9 |
| 4.0 |
| 0.3 |
| 4.8 |
| 6.2 |
| THE STATE TRADING CORPN | 680 | 1.0 | — | 52.5 | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.2 | 14.7 | 106 of 161 | 34% |
| P/B | 5.6 | 1.1 | 128 of 145 | 12% |
| ROCE | 31.8 | 2.0 | 6 of 184 | 97% |
| ROE | 23.4 | 2.3 | 9 of 174 | 95% |
| Debt / Equity | 0.1 | 0.0 | 107 of 175 | 39% |
| EBITDA margin | 3.3 | 4.5 | 79 of 137 | 43% |
| Market cap | 3050 | 25 | 4 of 174 | 98% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
