Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 135.42 | 125.54 | 153.64 | 138.82 | 155.08 | 157.51 | 153.21 | 134.89 | 131.91 | 116.82 | 135.10 | 115.49 |
| Expenses | 106.69 | 102.19 | 127.03 | 110.17 | 120.92 | 122.56 | 122.24 | 104.38 | 105.39 | 93.83 | 111.21 | 100.31 |
| Operating Profit | 28.73 | 23.35 | 26.61 | 28.65 | 34.16 | 34.95 | 30.97 | 30.51 | 26.52 | 22.99 | 23.89 | 15.18 |
| OPM % | 21.22% | 18.60% | 17.32% | 20.64% | 22.03% | 22.19% | 20.21% | 22.62% | 20.10% | 19.68% | 17.68% | 13.14% |
| Other Income | 3.94 | 3.61 | 9.52 | 3.39 | 3.37 | 3.89 | 4.01 | 3.77 | 5.94 | 2.51 | 2.63 | 4.16 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
| Depreciation | 3.01 | 3.01 | 4.22 | 3.09 | 3.23 | 3.41 | 3.57 | 3.66 | 3.78 | 3.91 | 4.71 | 5.06 |
| Profit before tax | 29.66 | 23.95 | 31.91 | 28.95 | 34.30 | 35.43 | 31.41 | 30.62 | 28.68 | 21.59 | 21.81 | 14.17 |
| Tax % | 29.13% | 27.22% | 19.52% | 25.18% | 25.28% | 25.83% | 28.49% | 25.90% | 25.00% | 25.01% | 25.40% | 30.49% |
| Net Profit | 21.02 | 17.43 | 25.68 | 21.66 | 25.63 | 26.28 | 22.46 | 22.69 | 21.51 | 16.19 | 16.27 | 9.85 |
| EPS in Rs | 2.74 | 2.27 | 3.35 | 2.82 | 3.34 | 3.43 | 2.93 | 2.96 | 2.80 | 2.11 | 2.12 | 1.28 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 164 | 183 | 214 | 242 | 242 | 216 | 337 | 446 | 536 | 605 | 519 | 499 |
| Expenses | 134 | 147 | 177 | 200 | 208 | 189 | 277 | 355 | 434 | 475 | 414 | 411 |
| Operating Profit | 31 | 36 | 37 | 41 | 35 | 27 | 60 | 90 | 102 | 129 | 104 | 89 |
| OPM % | 19% | 20% | 17% | 17% | 14% | 12% | 18% | 20% | 19% | 21% | 20% | 18% |
| Other Income | 9 | 11 | 12 | 12 | 7 | 8 | 9 | 11 | 21 | 15 | 15 | 15 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 17 | 18 | 16 | 11 | 8 | 9 | 10 | 11 | 13 | 13 | 16 | 17 |
| Profit before tax | 23 | 28 | 33 | 42 | 33 | 26 | 59 | 90 | 110 | 130 | 103 | 86 |
| Tax % | 23% | 21% | 14% | 21% | 23% | 23% | 28% | 26% | 25% | 26% | 25% | |
| Net Profit | 18 | 23 | 29 | 33 | 25 | 20 | 42 | 67 | 82 | 96 | 77 | 64 |
| EPS in Rs | 2.17 | 2.75 | 3.50 | 4.08 | 3.28 | 2.63 | 5.54 | 8.74 | 10.72 | 12.52 | 9.99 | 8.31 |
| Dividend Payout % | 23% | 27% | 29% | 147% | 61% | 57% | 45% | 57% | 47% | 40% | 50% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 12% | 19% | 5% | -17% | ||
| Compounded Profit Growth | 17% | 32% | 6% | -31% | ||
| Stock Price CAGR | 17% | 30% | 10% | 15% | ||
| Return on Equity | 16% | 22% | 23% | 19% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 263 | 276 | 298 | 310 | 294 | 221 | 229 | 252 | 295 | 338 | 395 | 432 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 36 | 34 | 41 | 42 | 51 | 54 | 88 | 81 | 75 | 97 | 101 | 116 |
| Total Liabilities | 306 | 318 | 348 | 360 | 353 | 283 | 325 | 341 | 377 | 443 | 504 | 556 |
| Fixed Assets | 82 | 66 | 65 | 57 | 59 | 60 | 74 | 66 | 70 | 72 | 79 | 106 |
| CWIP | 4 | 0 | 1 | 0 | 0 | 6 | 0 | 3 | 2 | 4 | 5 | 26 |
| Investments | 16 | 63 | 70 | 114 | 124 | 79 | 47 | 50 | 57 | 45 | 88 | 75 |
| Other Assets | 205 | 189 | 212 | 189 | 170 | 138 | 205 | 221 | 248 | 321 | 332 | 348 |
| Total Assets | 306 | 318 | 348 | 360 | 353 | 283 | 325 | 341 | 377 | 443 | 504 | 556 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -6 | 46 | 14 | 42 | 27 | 56 | 31 | 35 | 63 | 36 | 91 | 70 |
| Cash from Investing Activity | 10 | -43 | -13 | -26 | 40 | 24 | -18 | -16 | -26 | -12 | -38 | -45 |
| Cash from Financing Activity | -5 | -5 | 0 | -17 | -49 | -98 | -12 | -19 | -23 | -39 | -38 | -38 |
| Net Cash Flow | -1 | -2 | 1 | -1 | 18 | -18 | 1 | -1 | 14 | -14 | 14 | -14 |
| Free Cash Flow | 26 | 35 | 8 | 37 | 16 | 38 | 16 | 30 | 48 | 18 | 67 | 17 |
| CFO/OP | 7% | 179% | 55% | 131% | 90% | 182% | 131% | 83% | 94% | 61% | 96% | 95% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 87 | 86 | 92 | 95 | 85 | 58 | 80 | 78 | 56 | 80 | 83 | 81 |
| Inventory Days | 371 | 403 | 397 | 238 | 237 | 192 | 275 | 141 | 113 | 121 | 103 | 168 |
| Days Payable | 134 | 129 | 132 | 96 | 105 | 95 | 193 | 97 | 73 | 79 | 80 | 108 |
| Cash Conversion Cycle | 325 | 359 | 357 | 237 | 218 | 154 | 163 | 122 | 96 | 123 | 106 | 142 |
| Working Capital Days | 180 | 308 | 317 | 230 | 135 | 104 | 87 | 69 | 56 | 135 | 88 | 107 |
| ROCE % | 5% | 8% | 10% | 10% | 13% | 12% | 11% | 24% | 32% | 33% | 35% | 26% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% |
| FIIs | 3.61% | 3.44% | 3.49% | 3.46% | 3.29% | 3.25% | 3.23% | 3.26% | 3.22% | 3.16% | 3.13% | 3.13% |
| DIIs | 0.62% | 0.58% | 0.49% | 0.51% | 0.73% | 0.73% | 0.75% | 0.48% | 0.28% | 0.23% | 0.23% | 0.23% |
| Public | 25.30% | 25.51% | 25.54% | 25.56% | 25.50% | 25.54% | 25.55% | 25.78% | 26.03% | 26.14% | 26.16% | 26.16% |
| No. of Shareholders | 29,393 | 30,329 | 26,240 | 25,405 | 26,471 | 27,759 | 28,497 | 29,010 | 29,461 | 30,013 | 28,913 | 28,529 |
Fundamentals
Market Cap₹ 4,616 Cr.
Current Price₹ 602
Stock P/E68.6
Book Value₹ 57.4
ROCE25.6 %
ROE19.0 %
Dividend Yield0.83 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-17%
Compounded Profit Growth (TTM)-31%
Standalone figures.
Valuation
Market capRs 4,401 Cr
Enterprise valueRs 4,326 Cr
P/E (TTM)68.96x
Price to book10.00x
Price to sales8.81x
EV / EBITDA41.56x
EV / EBIT49.94x
EV / sales8.66x
Price to cash flow62.78x
Earnings yield1.45%
Dividend yield0.87%
P/E, 3-year average44.15x
P/B, 3-year average9.60x
P/E, 5-year average41.39x
P/B, 5-year average8.68x
Profitability
Operating margin (excl. other income)20.10%
Operating margin (incl. other income)22.96%
EBITDA margin20.84%
Pre-tax margin17.27%
Net profit margin12.78%
Net margin, latest quarter8.53%
ROE18.19%
ROCE24.45%
ROA14.47%
ROE, 3-year average23.08%
ROCE, 3-year average31.12%
ROA, 3-year average18.27%
ROE, 5-year average22.04%
ROCE, 5-year average29.86%
ROA, 5-year average17.25%
ROIC (approx.)17.72%
Tax rate25.36%
Other income / net worth3.37%
Growth
Sales growth (latest year)-14.21%
Profit growth (latest year)-20.17%
Sales CAGR, 3 years5.19%
Sales CAGR, 5 years19.20%
Profit CAGR, 3 years4.57%
Profit CAGR, 5 years30.61%
Sales growth QoQ-14.52%
Profit growth QoQ-39.46%
Sales growth YoY (latest quarter)-14.38%
Profit growth YoY (latest quarter)-56.59%
Per share
EPS (TTM)Rs 8.32
EPS (latest year)Rs 9.99
EPS (latest quarter)Rs 1.28
EPS, 3-year averageRs 11.08
EPS, 5-year averageRs 9.50
Book value per shareRs 57.36
Sales per shareRs 65.09
Cash flow per shareRs 9.14
Free cash flow per shareRs 2.22
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 5.00
Dividend per share, 5-year averageRs 4.50
Dividends
Dividend payout50.03%
Dividend payout, 3-year average45.53%
Dividend payout, 5-year average47.79%
Efficiency
Asset turnover0.93x
Fixed asset turnover4.90x
Inventory turnover2.73x
Inventory days133 days
Debtor days81 days
Debtors turnover4.49x
Creditor days108 days
Cash conversion cycle142 days
Working capital days107 days
Leverage
Cash and bankRs 75 Cr
Net debtRs -75 Cr
Net debt / EBITDA-0.72x
Interest coverage240.58x
Current ratio (filing 2026-03-31)3.71x
Quick ratio (filing 2026-03-31)2.66x
Trade payables (filing 2026-03-31)Rs 72 Cr
Owners' fund to total sources79.21%
Cash flow
Cash from Operating Activity (latest year)Rs 70 Cr
Cash from Investing Activity (latest year)Rs -45 Cr
Cash from Financing Activity (latest year)Rs -38 Cr
Net Cash Flow (latest year)Rs -14 Cr
Free cash flow (latest year)Rs 17 Cr
Cash from ops / profit, 5 years0.81x
Sales to cash flow7.40x
Statement figures
Net sales (TTM)Rs 499 Cr
Net sales (latest year)Rs 519 Cr
Sales (latest quarter)Rs 115 Cr
Operating profit excl. other income (latest year)Rs 104 Cr
Operating profit (latest quarter)Rs 15 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs 104 Cr
PBDT (TTM)Rs 104 Cr
Profit before tax (TTM)Rs 86 Cr
Tax (latest year)Rs 26 Cr
Net profit (TTM)Rs 64 Cr
Net profit (latest year)Rs 77 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 309 Cr
Total expenditure (latest year)Rs 414 Cr
Total income (latest year)Rs 534 Cr
Share capitalRs 8 Cr
ReservesRs 432 Cr
Shareholders' fundsRs 440 Cr
Total assetsRs 556 Cr
Net blockRs 106 Cr
Capital work in progressRs 26 Cr
InvestmentsRs 75 Cr
ReceivablesRs 116 Cr
InventoryRs 113 Cr
Other liabilitiesRs 116 Cr
Shares outstanding (crore)7.67
Ownership
Promoter holding70.47% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 69.0 is at the 93th percentile of its own 9.4-year range
(median 44.7, low 15.1, high 96.6).
P/B 10.00 is at the 69th percentile (median 6.04).
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.
| Period | SHANTIGEAR | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -13.9% | -2.8% | -11.1 pts |
| 1 month | +8.1% | -6.8% | +14.9 pts |
| 3 months | +29.1% | -7.6% | +36.7 pts |
| 6 months | +33.0% | +0.4% | +32.6 pts |
| 1 year | +5.2% | -9.9% | +15.1 pts |
| 2 years | -6.7% | -13.6% | +6.9 pts |
| 3 years | +25.4% | +14.2% | +11.2 pts |
| 5 years | +248.4% | +27.9% | +220.5 pts |
1 mutual fund schemes hold about ₹0 Cr.
Over three months 1 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +100% |
Red flags
F-score 4 of 8| look | Inventory outrunning sales Inventory grew 40% vs sales -14% in 2026 |
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 2026Sales ₹115 Cr -14.4% vs Jun 2025.
Net profit ₹10 Cr -56.6%.
Against our estimate for Jun 2026: sales +5.5%, profit -40.4% miss. Our estimate for Sep 2026: sales Rs 115 Cr, profit Rs 15 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Indo-MIM Ltd | 61,719 | 95.6 | 25.0 % |
| Aditya Infotech Ltd | 46,814 | 98.1 | 28.6 % |
| Syrma SGS Technology Ltd | 32,638 | 87.9 | 16.8 % |
| Honeywell Automation India Ltd | 30,038 | 53.7 | 17.0 % |
| Jyoti CNC Automation Ltd | 24,091 | 74.9 | 21.3 % |
| Kaynes Technology India Ltd | 23,605 | 68.0 | 12.7 % |
| LMW Ltd | 18,115 | 99.2 | 5.58 % |
| Lloyds Engineering Works Ltd | 15,850 | 70.9 | 16.1 % |
| Tega Industries Ltd | 15,481 | 8.14 % | |
| Kennametal India Ltd | 8,878 | 45.3 | 33.2 % |
| Dynamatic Technologies Ltd | 8,873 | 151 | 10.2 % |
| Standard Engineering Technology Ltd | 8,557 | 100 | 14.7 % |
| Raymond Ltd | 7,894 | 46.9 | 3.14 % |
| Omnitech Engineering Ltd | 6,939 | 66.8 | 17.6 % |
| GMM Pfaudler Ltd | 6,641 | 52.7 | 13.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-17 | Dividend - Rs 2 Per Share | |
| 2026-01-29 | Interim Dividend - Rs 3 Per Share | |
| 2025-07-18 | Dividend - Rs 2 Per Share | |
| 2025-02-07 | Interim Dividend - Rs 3 Per Share | |
| 2024-07-19 | Dividend - Rs 2 Per Share | |
| 2024-02-09 | Interim Dividend - Rs 3 Per Share | |
| 2023-07-14 | Annual General Meeting/Dividend - Rs 2 Per Share | |
| 2023-02-08 | Interim Dividend - Rs 3 Per Share | |
| 2022-07-14 | Annual General Meeting | |
| 2022-02-14 | Interim Dividend - Rs 2.50 Per Share | |
| 2021-07-08 | Annual General Meeting | |
| 2021-02-22 | Interim Dividend - Rs 1.50 Per Share | |
| 2020-07-09 | Annual General Meeting | |
| 2020-03-11 | Interim Dividend - Rs 2 Per Share | |
| 2019-07-11 | Annual General Meeting/ Dividend - Re 1 Per Share | |
| 2019-02-07 | Buy Back | |
| 2019-01-04 | Interim Dividend - Rs 5 Per Share | |
| 2018-07-25 | Annual General Meeting | |
| 2018-02-15 | Interim Dividend Re 1/- Per Share | |
| 2017-07-13 | Annual General Meeting/Dividend - Re 0.75 Per Share | |
| 2016-07-14 | Annual General Meeting | |
| 2016-02-08 | Interim Dividend - Re 0.50/- Per Share | |
| 2015-07-23 | Annual General Meeting | |
| 2015-02-12 | Interim Dividend - Re 0.50/- Per Share | |
| 2014-07-17 | Annual General Meeting | |
| 2014-02-06 | Interim Dividend - Re 1/- Per Share | |
| 2013-07-11 | Annual General Meeting / Final Dividend Re.0.60/- Per Equity Share | |
| 2012-06-21 | Annual General Meeting And Dividend - Re.1/- Per Share | |
| 2011-06-02 | Dividend-Re.1/- Per Share | |
| 2010-07-29 | Dividend-Re.0.80 Per Share | |
| 2009-06-29 | Agm/Div.Rs.1.20/-Pershare | |
| 2008-06-27 | Agm/Dividend - 120% | |
| 2007-06-28 | Agm/Div-Re.1/- Per Share Bc Start Date Revised | |
| 2006-06-29 | Agm/Div-Re.1/- Per Sh |
No announcements in our files yet.
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.
High low price variation greater than 75perc in previous 3 monthsScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Shanthi Gears Ltd?
Shanthi Gears Ltd (SHANTIGEAR) has a market capitalisation of Rs 4,616 Cr. at the 2026-10-01 close.
What is the P/E ratio of Shanthi Gears Ltd?
Shanthi Gears Ltd trades at a P/E of 68.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Shanthi Gears Ltd's latest quarterly results?
In the Jun 2026 quarter, Shanthi Gears Ltd sales was Rs 115 Cr (-14.4% vs Jun 2025) and net profit was Rs 10 Cr.
What is the 52-week high and low of Shanthi Gears Ltd?
The 52-week high is Rs 743.00 and the 52-week low is Rs 384.00.