MarketFriction

Shanti Overseas (India) Ltd

NSE SHANTI · Edible Oil
₹5.50 +0.18%
NSE close2026-10-01
52 week range4.70 - 12.26
Market cap₹6.30 Cr.
IPO 2017 · -89% since GSM Price band 20% Delivery 46.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.002.131.282.492.0417.841.473.512.641.036.740.00
Expenses0.453.171.843.323.2020.701.283.234.833.269.870.01
Operating Profit-0.45-1.04-0.56-0.83-1.16-2.860.190.28-2.19-2.23-3.13-0.01
OPM %-48.83%-43.75%-33.33%-56.86%-16.03%12.93%7.98%-82.95%-216.50%-46.44%
Other Income0.010.76-0.060.230.740.040.090.062.223.98-1.350.27
Interest0.110.11-0.070.020.010.030.000.000.050.030.040.23
Depreciation0.050.040.060.040.040.040.020.020.000.00-0.020.00
Profit before tax-0.60-0.43-0.61-0.66-0.47-2.890.260.32-0.021.72-4.500.03
Tax %-1.67%0.00%-85.25%-25.76%-17.02%-17.30%-11.54%50.00%500.00%5.81%105.78%33.33%
Net Profit-0.59-0.43-0.09-0.49-0.40-2.390.280.17-0.121.62-9.260.03
EPS in Rs-0.53-0.39-0.08-0.44-0.36-2.150.250.15-0.111.46-8.340.03
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales89.90109.81133.37173.47158.90210.44202.81149.3310.6623.8413.9210.41
Expenses85.91101.51122.81155.85149.96202.89194.06156.1512.4528.1418.1317.97
Operating Profit3.998.3010.5617.628.947.558.75-6.82-1.79-4.30-4.21-7.56
OPM %4.44%7.56%7.92%10.16%5.63%3.59%4.31%-4.57%-16.79%-18.04%-30.24%-72.62%
Other Income1.120.830.100.360.120.130.26-11.520.770.911.855.12
Interest2.022.422.514.063.633.311.811.560.820.050.120.35
Depreciation0.281.050.904.215.394.553.863.180.210.110.00-0.02
Profit before tax2.815.667.259.710.04-0.183.34-23.08-2.05-3.55-2.48-2.77
Tax %33.10%33.04%34.62%35.12%525.00%-144.44%7.78%-26.78%-25.37%-21.41%202.42%
Net Profit1.883.794.746.30-0.180.083.10-16.90-1.53-2.79-7.50-7.73
EPS in Rs20.897.024.275.68-0.160.072.79-15.22-1.38-2.51-6.75-6.96
Dividend Payout %0.00%0.00%7.81%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-17%-42%-55%-58%
Compounded Profit Growth%%-45%-230%
Stock Price CAGR%-23%-31%-43%
Return on Equity0%-17%-38%-120%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.603.607.407.4011.1111.1111.1111.1111.1111.1111.11
Reserves4.204.9815.9421.9418.0718.1621.284.392.860.39-7.11
Borrowings26.9424.7747.3251.6541.1432.0414.831.020.721.4916.16
Other Liabilities3.342.879.708.545.219.362.251.655.757.176.73
Total Liabilities35.0836.2280.3689.5375.5370.6749.4718.1720.4420.1626.89
Fixed Assets6.056.8818.9337.9233.9729.8926.491.150.660.180.00
CWIP0.000.509.520.000.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.000.000.000.000.00
Other Assets29.0328.8451.9151.6141.5640.7822.9817.0219.7819.9826.89
Total Assets35.0836.2280.3689.5375.5370.6749.4718.1720.4420.1626.89
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7.44-7.4617.2614.0813.4516.942.95-1.02-2.21-11.88
Cash from Investing Activity-2.30-21.89-13.61-1.35-0.39-0.3611.050.520.53-2.87
Cash from Financing Activity-4.4729.45-3.73-12.77-12.71-16.29-14.24-0.340.8514.71
Net Cash Flow0.660.10-0.08-0.040.340.29-0.24-0.84-0.83-0.05
Free Cash Flow5.07-29.433.5712.6412.9816.5013.92-0.70-2.04-11.76
CFO/OP112%-51%113%161%170%194%-55%57%51%279%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days46.4544.9741.7462.8524.2124.6312.2015.5566.4337.36248.84
Inventory Days65.1138.5077.8416.0143.9327.2016.030.60118.140.0061.79
Days Payable9.230.7718.929.707.9315.811.451.638.54237.23
Cash Conversion Cycle102.3282.70100.6669.1760.2136.0226.7914.52176.0337.3673.40
Working Capital Days24.5210.3717.328.330.0215.8521.0018.89228.3884.36469.10
ROCE %24.83%18.77%18.16%4.85%4.76%9.45%-30.47%-8.20%-23.70%4.22%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters52.12%52.09%52.09%52.09%52.09%9.46%6.54%3.79%0.00%0.00%0.00%0.00%
Public47.88%47.91%47.91%47.91%47.91%90.54%93.46%96.21%100.00%100.00%100.00%100.00%
No. of Shareholders2,7363,0845,0274,7724,8485,2545,43315,59212,94211,80511,31511,067

Fundamentals

Market Cap₹ 6.30 Cr.
Current Price₹ 5.67
Book Value₹ 3.60
ROCE4.22 %
ROE-120 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-58%
Compounded Profit Growth (TTM)-230%
Consolidated figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 22 Cr
Price to book1.53x
Price to sales0.44x
EV / sales1.60x
Earnings yield-126.55%
P/B, 3-year average1.35x
P/E, 5-year average8.47x
P/B, 5-year average1.24x
Profitability
Operating margin (excl. other income)-30.24%
Operating margin (incl. other income)-16.95%
EBITDA margin-17.39%
Pre-tax margin-19.90%
Net profit margin-55.53%
ROE-96.77%
ROCE-14.24%
ROA-31.88%
ROE, 3-year average-43.02%
ROCE, 3-year average-15.80%
ROA, 3-year average-17.85%
ROE, 5-year average-37.92%
ROCE, 5-year average-21.09%
ROA, 5-year average-19.67%
ROIC (approx.)-36.36%
Tax rate-202.42%
Other income / net worth46.25%
Growth
Sales growth (latest year)-41.61%
Sales CAGR, 3 years-54.66%
Sales CAGR, 5 years-41.91%
Profit growth YoY (latest quarter)-82.35%
Per share
EPS (TTM)Rs -6.96
EPS (latest year)Rs -6.75
EPS (latest quarter)Rs 0.03
EPS, 3-year averageRs -3.55
EPS, 5-year averageRs -4.61
Book value per shareRs 3.60
Sales per shareRs 12.53
Cash flow per shareRs -10.70
Free cash flow per shareRs -10.59
Efficiency
Asset turnover0.52x
Inventory turnover5.91x
Inventory days62 days
Debtor days249 days
Debtors turnover1.47x
Creditor days237 days
Cash conversion cycle73 days
Working capital days469 days
Leverage
Total debtRs 16 Cr
Cash and bankRs 0 Cr
Net debtRs 16 Cr
Debt to equity4.04x
Interest coverage-6.91x
Owners' fund to total sources14.88%
Debt to assets60.10%
Cash flow
Cash from Operating Activity (latest year)Rs -12 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs 15 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -12 Cr
FCFE (approx.: FCF + change in debt)Rs 3 Cr
Statement figures
Net sales (TTM)Rs 14 Cr
Net sales (latest year)Rs 14 Cr
Operating profit excl. other income (latest year)Rs -4 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs -2 Cr
PBDT (TTM)Rs -3 Cr
Profit before tax (TTM)Rs -3 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs -8 Cr
Net profit (latest year)Rs -8 Cr
Net profit (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 10 Cr
Total expenditure (latest year)Rs 18 Cr
Total income (latest year)Rs 16 Cr
Share capitalRs 11 Cr
ReservesRs -7 Cr
Shareholders' fundsRs 4 Cr
Total assetsRs 27 Cr
ReceivablesRs 9 Cr
InventoryRs 2 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)1.11
Ownership
Promoter holding0.00% (-3.79 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 1.53 is at the 80th percentile (median 1.09).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSHANTINifty 50Difference
1 week-2.1%-2.8% +0.6 pts
1 month-13.4%-6.8% -6.6 pts
3 months-18.8%-7.6% -11.1 pts
6 months+6.8%+0.4% +6.4 pts
1 year-44.0%-9.9% -34.1 pts
2 years-70.0%-13.6% -56.5 pts
3 years-68.8%+14.2% -82.9 pts
5 years-73.3%+27.9% -101.2 pts

Red flags

F-score 1 of 8
explainHigh accruals Profit exceeded operating cash by 16% of total assets in 2026
explainReceivables outrunning sales Receivables grew 289% vs sales -42% in 2026
explainDebt up, profit down Borrowings up 985% while net profit fell in 2026
lookRepeated losses Net loss in each of the last two years
lookAuditor change Auditor change 2025-11-07: Shanti Overseas (India) Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: GSM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr -100.0% vs Jun 2025. Net profit ₹0 Cr -82.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2024-06-27Extra Ordinary General Meeting
2023-09-22Annual General Meeting
2022-12-29Extra Ordinary General Meeting
2022-09-22Annual General Meeting
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30General UpdatesGeneral Updates
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-28Board meeting outcomeOutcome of Board Meeting held on September 24, 2026.
2026-09-24Board meeting outcomeOutcome of Board Meeting held on September 24, 2026.
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-08-14Board meeting outcomeShanti Overseas (India) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-14Reply to Clarification- FinaThe Exchange had sought clarification from Shanti Overseas (India) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI...
2026-06-29Integrated Filing- FinancialClarification on Discrepancy in XBRL Filing of Financial Results
2026-06-24Clarification - Financial ReThe Exchange has sought clarification from Shanti Overseas (India) Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI...
2026-06-03Disclosure under SEBI TakeovShanti Overseas (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Indi...
2026-05-30Board meeting outcomeShanti Overseas (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-02-13AppointmentAppointment of D R N & Associates as Internal Auditor of the company w.e.f. February 13, 2026.
2026-02-13AppointmentAppointment of Sumit Suresh Bhinge as Chief Financial Officer of the company w.e.f. February 13, 2026.
2026-02-13Board meeting outcomeShanti Overseas (India) Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-09CessationCessation of Mr. Pankaj Agrawal as Chief Financial Officer of the company w.e.f. February 09, 2026.
2026-01-01Shareholder meetingShanti Overseas (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on December 30, 2025
2025-12-30Shareholder meetingProceedings of Annual General Meeting held on December 30, 2025
2025-12-11Change in Company Secretary/Change in Company Secretary/Compliance Officer
2025-12-09UpdatesClarification related to financial results.
2025-12-08Shareholder meetingNotice of Annual General Meeting to be held on December 30, 2025
2025-12-08UpdatesIntimation pursuant to Regulation 36(1)(b) of the SEBI (LODR) Regulations, 2015 Dispatch of Letter with Web-Link to Annual Report.
2025-12-06UpdatesBoard comments on fine levied by the Exchange.
2025-12-06Board meeting outcomeOutcome of Board Meeting held on December 06, 2025.
2025-11-14Board meeting outcomeShanti Overseas (India) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)GSMLess than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03