Yes, i am aware of the fact that 90% business is steel related. I tried to find this ratio for 2017-18 period but couldn’t find it anywhere. My guess is it will be in similar range or maybe lower than the current. I made a mistake in checking steel price, instead of that I checked steel and metal index which was lower than the current the levels. Looks like steel prices are still higher by 35-40% from the levels of 2018.
I found the beta version of Grasim’s building material website, they have already partnered with most of the companies which Shankara has and they are offering some 20% discount. It will be interesting to see how it plays out.
www.BirlaPivot.com
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