Nifty

:

23140.50

Sensex

:

73895.74

77.40 (0.34%)
315.20 (0.43%)

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Nifty
Sensex

:
:

23140.50
73895.74

77.40 (0.34%)
315.20 (0.43%)

Shanthi Gears Ltd.

Auto Ancillary

Rating :

67/99

BSE: 522034 | NSE: SHANTIGEAR

Watchlist

NSE BSE

666.55

25-Sep-2026

Open
High
Low
Previous Close

666.25
676.9
661
666.25

Volume
Traded Value (lacs)
52 Week High
52 Week Low

28415
18967132.7
743
384

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,100.45
80.26
1

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

5,025.24
0.75%
11.38

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

10.92
9.00
-1.09

EBITDA CAGR (%)

10 Years
5 Years
3 Years

11.30
11.58
0.38

PAT CAGR (%)

10 Years
5 Years
3 Years

13.04
12.54
-2.32

P:E (Median)

8 Years
5 Years
3 Years

42.81
44.45
44.45

P:BV (Average)

8 Years
5 Years
3 Years

7.94
9.28
10.17

EV:EBITDA (Average)

8 Years
5 Years
3 Years

27.42
29.24
30.36

Earnings Forecasts:

(Updated: 21-09-2026)

Description 2026 2027 2028 2029
Adj EPS 9.99 - - -
P/E Ratio 66.72 - - -
Revenue 512.84 - - -
EBITDA 103.91 - - -
Net Income 76.66 - - -
ROA 14.47 - - -
P/B Ratio 11.62 - - -
ROE 18.19 - - -
FCFF 25.26 - - -
FCFF Yield 0.5 - - -
Net Debt -140.52 - - -
BVPS 57.36 - - -

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 115.49 134.89 -14.38% 135.10 153.21 -11.82% 116.82 157.51 -25.83% 131.91 155.08 -14.94%
Expenses 100.31 104.38 -3.90% 111.21 122.24 -9.02% 93.83 122.56 -23.44% 105.39 120.92 -12.84%
EBITDA 15.18 30.51 -50.25% 23.89 30.97 -22.86% 22.99 34.95 -34.22% 26.52 34.16 -22.37%
EBIDTM 13.14% 22.62% 17.68% 20.21% 19.68% 22.19% 20.10% 22.03%
Other Income 4.16 3.77 10.34% 5.85 4.01 45.89% 4.07 3.89 4.63% 5.94 3.37 76.26%
Interest 0.11 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 5.06 3.66 38.25% 4.71 3.57 31.93% 3.91 3.41 14.66% 3.78 3.23 17.03%
PBT 14.17 30.62 -53.72% 21.81 31.41 -30.56% 21.59 35.43 -39.06% 28.68 34.30 -16.38%
Tax 4.32 7.93 -45.52% 5.54 8.95 -38.10% 5.40 9.15 -40.98% 7.17 8.67 -17.30%
PAT 9.85 22.69 -56.59% 16.27 22.46 -27.56% 16.19 26.28 -38.39% 21.51 25.63 -16.07%
PATM 8.53% 16.82% 12.04% 14.66% 13.86% 16.68% 16.31% 16.53%
EPS 1.28 2.96 -56.76% 2.12 2.93 -27.65% 2.11 3.43 -38.48% 2.80 3.34 -16.17%

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 499.32 518.72 604.62 536.05 445.65 337.07 215.53 242.29 241.68 214.12 183.95 Net Sales Growth -16.88% -14.21% 12.79% 20.28% 32.21% 56.39% -11.04% 0.25% 12.87% 16.40% Cost Of Goods Sold 243.12 244.66 284.30 256.63 214.29 166.59 103.53 115.79 107.88 90.29 69.06 Gross Profit 256.20 274.06 320.32 279.42 231.36 170.48 112.00 126.50 133.80 123.83 114.89 GP Margin 51.31% 52.83% 52.98% 52.13% 51.92% 50.58% 51.96% 52.21% 55.36% 57.83% 62.46% Total Expenditure 410.74 414.45 475.45 433.74 355.45 276.78 189.46 207.57 200.50 177.16 148.22 Power & Fuel Cost - 13.96 15.71 13.60 10.32 8.65 6.30 6.65 7.06 6.25 5.61 % Of Sales - 2.69% 2.60% 2.54% 2.32% 2.57% 2.92% 2.74% 2.92% 2.92% 3.05% Employee Cost - 78.68 81.69 76.83 71.15 56.91 46.14 48.23 45.40 41.72 38.86 % Of Sales - 15.17% 13.51% 14.33% 15.97% 16.88% 21.41% 19.91% 18.79% 19.48% 21.13% Manufacturing Exp. - 47.60 61.51 54.49 38.99 28.91 20.94 22.88 26.74 22.44 18.01 % Of Sales - 9.18% 10.17% 10.17% 8.75% 8.58% 9.72% 9.44% 11.06% 10.48% 9.79% General & Admin Exp. - 16.65 17.35 15.11 10.82 11.15 8.44 9.37 10.30 12.07 10.71 % Of Sales - 3.21% 2.87% 2.82% 2.43% 3.31% 3.92% 3.87% 4.26% 5.64% 5.82% Selling & Distn. Exp. - 9.26 10.18 8.85 7.03 3.80 3.36 3.89 2.42 2.89 5.06 % Of Sales - 1.79% 1.68% 1.65% 1.58% 1.13% 1.56% 1.61% 1.00% 1.35% 2.75% Miscellaneous Exp. - 3.64 4.71 8.23 2.85 0.77 0.75 0.76 0.70 1.50 5.06 % Of Sales - 0.70% 0.78% 1.54% 0.64% 0.23% 0.35% 0.31% 0.29% 0.70% 0.49% EBITDA 88.58 104.27 129.17 102.31 90.20 60.29 26.07 34.72 41.18 36.96 35.73 EBITDA Margin 17.74% 20.10% 21.36% 19.09% 20.24% 17.89% 12.10% 14.33% 17.04% 17.26% 19.42% Other Income 20.02 19.63 14.66 21.06 11.24 9.05 9.10 6.55 12.04 11.92 10.73 Interest 0.11 0.36 0.44 0.52 0.37 0.24 0.24 0.19 0.14 0.15 0.13 Depreciation 17.46 16.06 13.30 13.21 10.88 10.37 8.86 8.39 10.62 15.56 17.83 PBT 86.25 107.48 130.09 109.64 90.19 58.73 26.07 32.69 42.46 33.17 28.50 Tax 22.43 26.04 34.06 27.39 23.14 16.26 5.90 7.50 9.11 4.59 5.99 Tax Rate 26.01% 25.36% 26.18% 24.98% 25.66% 27.69% 22.63% 22.94% 21.46% 13.84% 21.02% PAT 63.82 76.66 96.03 82.25 67.05 42.47 20.17 25.19 33.35 28.58 22.51 PAT before Minority Interest 63.82 76.66 96.03 82.25 67.05 42.47 20.17 25.19 33.35 28.58 22.51 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 12.78% 14.78% 15.88% 15.34% 15.05% 12.60% 9.36% 10.40% 13.80% 13.35% 12.24% PAT Growth -34.25% -20.17% 16.75% 22.67% 57.88% 110.56% -19.93% -24.47% 16.69% 26.97% EPS 8.32 9.99 12.52 10.72 8.74 5.54 2.63 3.28 4.35 3.73 2.93

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 440.06 402.99 345.31 302.35 259.96 237.13 228.62 302.08 317.79 306.32 Share Capital 7.67 7.67 7.67 7.67 7.67 7.67 7.67 8.17 8.17 8.17 Total Reserves 432.39 395.32 337.64 294.68 252.29 229.46 220.95 293.91 309.62 298.15 Non-Current Liabilities 0.89 -4.39 -4.89 -3.88 -0.76 0.01 -2.59 -4.80 -4.97 -2.84 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 7.43 0.39 0.01 0.07 0.16 0.16 0.16 0.16 0.10 0.10 Current Liabilities 107.62 100.46 97.00 97.01 95.22 90.22 52.87 50.38 41.29 40.47 Trade Payables 72.45 62.70 55.25 42.97 44.07 54.71 30.12 30.93 23.67 25.04 Other Current Liabilities 33.14 34.59 38.36 27.00 34.85 30.72 22.31 18.79 16.71 14.91 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Short Term Provisions 2.03 3.17 3.39 27.04 16.30 4.79 0.44 0.66 0.91 0.52 Total Liabilities 548.57 499.06 437.42 395.48 354.42 327.36 278.90 347.66 354.11 343.95 Net Block 98.51 71.63 64.61 63.11 58.71 66.51 52.51 51.54 49.70 58.12 Gross Block 207.17 168.48 148.85 148.26 134.52 133.96 112.75 106.30 94.17 90.77 Accumulated Depreciation 108.66 96.85 84.24 85.15 75.81 67.45 60.24 54.76 44.47 32.65 Non Current Assets 148.93 117.15 109.67 103.36 100.28 110.42 103.61 78.71 75.29 84.57 Capital Work in Progress 25.79 4.90 4.10 2.03 3.19 0.03 6.37 0.18 0.50 0.77 Non Current Investment 10.18 18.21 20.21 20.21 22.21 27.67 27.67 14.16 12.17 12.17 Long Term Loans & Adv. 7.13 12.88 10.21 10.78 7.89 7.67 9.80 5.66 5.81 6.31 Other Non Current Assets 0.00 2.10 3.00 0.10 1.03 1.03 0.00 0.08 0.00 0.00 Current Assets 399.64 381.91 327.75 292.12 254.14 216.94 175.29 268.95 278.82 259.38 Current Investments 65.31 70.28 25.10 37.10 27.92 19.18 51.65 109.69 101.40 57.60 Inventories 112.84 80.40 85.23 66.60 64.13 78.14 60.84 70.13 58.88 75.17 Sundry Debtors 115.62 137.20 117.96 68.12 72.27 47.32 38.19 56.51 55.48 45.93 Cash & Bank 75.21 64.76 7.91 90.08 67.36 56.26 1.99 19.74 1.48 2.48 Other Current Assets 30.66 5.21 5.65 4.43 22.46 16.04 22.62 12.88 61.58 78.20 Short Term Loans & Adv. 26.58 24.06 85.90 25.79 18.96 12.27 19.06 10.36 52.87 71.01 Net Current Assets 292.02 281.45 230.75 195.11 158.92 126.72 122.42 218.57 237.53 218.91 Total Assets 548.57 499.06 437.42 395.48 354.42 327.36 278.90 347.66 354.11 343.95

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 70.10 90.87 36.38 62.95 35.01 30.72 55.58 27.16 42.25 13.81 PBT 102.70 130.09 109.64 90.19 58.73 26.07 32.69 42.46 33.17 28.50 Adjustment 3.42 2.04 -1.69 5.96 4.55 2.27 4.37 -0.26 5.22 8.04 Changes in Working Capital -6.82 -8.20 -45.48 -10.96 -13.34 6.88 26.26 -4.82 10.02 -16.90 Cash after chg. in Working capital 99.30 123.93 62.47 85.19 49.94 35.22 63.32 37.38 48.41 19.64 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -29.20 -33.06 -26.09 -22.24 -14.93 -4.50 -7.74 -10.22 -6.16 -5.83 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -45.30 -38.08 -12.30 -26.17 -16.48 -18.30 24.17 40.36 -26.15 -12.92 Net Fixed Assets -59.58 -20.43 -2.66 -12.58 -3.72 -14.87 -12.64 -11.81 -3.13 -8.62 Net Investments 13.00 -43.18 12.00 -7.18 -3.28 32.47 44.53 -10.28 -43.80 -14.13 Others 1.28 25.53 -21.64 -6.41 -9.48 -35.90 -7.72 62.45 20.78 9.83 Cash from Financing Activity -38.47 -38.44 -38.52 -23.01 -19.18 -11.51 -97.74 -49.26 -16.71 0.00 Net Cash Inflow / Outflow -13.67 14.35 -14.44 13.77 -0.65 0.91 -17.99 18.26 -0.61 0.89 Opening Cash & Equivalents 15.00 0.65 15.09 1.32 1.97 1.06 19.05 1.48 2.09 1.20 Closing Cash & Equivalent 1.33 15.00 0.65 15.09 1.32 1.97 1.06 19.74 1.48 2.09

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 57.37 52.54 45.02 39.42 33.89 30.92 29.81 36.97 38.90 37.49 ROA 14.63% 20.51% 19.75% 17.88% 12.46% 6.65% 8.04% 9.50% 8.19% 6.55% ROE 18.19% 25.67% 25.40% 23.85% 17.09% 8.66% 9.49% 10.76% 9.16% 7.63% ROCE 24.45% 34.89% 34.02% 32.21% 23.73% 11.30% 12.39% 13.74% 10.68% 9.70% Fixed Asset Turnover 2.76 3.81 3.61 3.15 2.51 1.75 2.21 2.41 2.37 2.35 Receivable days 88.95 77.02 63.35 57.49 64.75 72.41 71.33 84.57 84.30 75.68 Inventory Days 67.99 49.99 51.69 53.54 77.03 117.68 98.65 97.42 111.43 127.04 Payable days 100.81 75.72 69.85 74.13 108.21 149.54 53.89 49.47 49.78 54.47 Cash Conversion Cycle 56.12 51.30 45.19 36.90 33.57 40.55 116.09 132.52 145.95 148.25 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Interest Cover 286.28 296.66 211.85 244.76 245.71 109.63 173.05 304.29 222.13 220.23

Description Mar 04 Mar 03 Mar 02
Book Value (Rs.) 7.11 6.29 5.77 ROA 12.68% 7.84% 8.19% ROE 25.65% 14.18% 14.54% ROCE 24.34% 17.19% 18.83% Fixed Asset Turnover 0.94 0.67 0.69 Receivable days 47.27 71.34 80.05 Inventory Days 85.13 105.22 109.07 Payable days 37.94 41.55 42.27 Cash Conversion Cycle 94.46 135.01 146.84 Total Debt/Equity 0.82 0.53 0.48 Interest Cover 9.94 7.96 5.61

Top Investors:

pacific assets trust plc

nimesh sumatilal

investor education and protection fund (iepf)

Annual Reports:

News Update:

Tube Investments of India raises stake in Shanthi Gears
24th Aug 2026, 15:50 PM

Tube Investments of India has acquired 20,64,713 shares, representing 2.70% of total shareholding, of the company
Read More
Shanthi Gears - Quarterly Results
30th Jul 2026, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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