Shanthi Gears Ltd
Shanthi Gears Ltd (SHANTIGEAR) last reported results for the quarter ended Jun 2026, with sales of ₹115 crore and net profit of ₹9.85 crore. The stock last traded at ₹562, a market capitalisation of ₹4,326 crore, on a P/E of 64.3. Over the past 52 weeks the stock has ranged between ₹384 and ₹743. Figures are as of 9 Oct 2026 and are not real time.
Shanthi Gears Ltd share price and key metrics
- Current price
- ₹562
- Market cap
- ₹4,326 cr
- Stock P/E
- 64.3
- Book value
- ₹57.4
- ROE
- 19.0%
- ROCE
- 25.6%
- Dividend yield
- 0.89%
- 52w high / low
- 743/384
Metrics as of 9 Oct 2026. Not real time.
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Shanthi Gears Ltd growth and returns
- 10 Years
- 12%
- 5 Years
- 19%
- 3 Years
- 5%
- TTM
- -17%
- 10 Years
- 17%
- 5 Years
- 32%
- 3 Years
- 6%
- TTM
- -31%
- 10 Years
- 16%
- 5 Years
- 28%
- 3 Years
- 9%
- 1 Year
- 8%
- 10 Years
- 16%
- 5 Years
- 22%
- 3 Years
- 23%
- Last Year
- 19%
Shanthi Gears Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹115 cr, down 14.4% from ₹135 cr a year earlier. Net profit was ₹9.85 cr, down 56.6% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 155 | 158 | 153 | 135 | 132 | 117 | 135 | 115 |
| Expenses | 121 | 123 | 122 | 104 | 105 | 93.83 | 111 | 100 |
| Operating profit | 34.16 | 34.95 | 30.97 | 30.51 | 26.52 | 22.99 | 23.89 | 15.18 |
| OPM % | 22.03% | 22.19% | 20.21% | 22.62% | 20.10% | 19.68% | 17.68% | 13.14% |
| Other income | 3.37 | 3.89 | 4.01 | 3.77 | 5.94 | 2.51 | 2.63 | 4.16 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.11 |
| Depreciation | 3.23 | 3.41 | 3.57 | 3.66 | 3.78 | 3.91 | 4.71 | 5.06 |
| Profit before tax | 34.3 | 35.43 | 31.41 | 30.62 | 28.68 | 21.59 | 21.81 | 14.17 |
| Tax % | 25.28% | 25.83% | 28.49% | 25.90% | 25.00% | 25.01% | 25.40% | 30.49% |
| Net profit | 25.63 | 26.28 | 22.46 | 22.69 | 21.51 | 16.19 | 16.27 | 9.85 |
| EPS (₹) | 3.34 | 3.43 | 2.93 | 2.96 | 2.80 | 2.11 | 2.12 | 1.28 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Shanthi Gears Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 183 | 214 | 242 | 242 | 216 | 337 | 446 | 536 | 605 | 519 | 499 |
| Operating profit | 36 | 37 | 41 | 35 | 27 | 60 | 90 | 102 | 129 | 104 | 89 |
| OPM % | 20% | 17% | 17% | 14% | 12% | 18% | 20% | 19% | 21% | 20% | 18% |
| Net profit | 23 | 29 | 33 | 25 | 20 | 42 | 67 | 82 | 96 | 77 | 64 |
| EPS (₹) | 2.75 | 3.50 | 4.08 | 3.28 | 2.63 | 5.54 | 8.74 | 10.72 | 12.52 | 9.99 | 8.31 |
TTM is the trailing twelve months to the most recent quarter.
Shanthi Gears Ltd balance sheet
| ₹ crore | 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 |
| Reserves | 298 | 310 | 294 | 221 | 229 | 252 | 295 | 338 | 395 | 432 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other liabilities | 41 | 42 | 51 | 54 | 88 | 81 | 75 | 97 | 101 | 116 |
| Total liabilities | 348 | 360 | 353 | 283 | 325 | 341 | 377 | 443 | 504 | 556 |
| Fixed assets | 65 | 57 | 59 | 60 | 74 | 66 | 70 | 72 | 79 | 106 |
| CWIP | 1 | 0 | 0 | 6 | 0 | 3 | 2 | 4 | 5 | 26 |
| Investments | 70 | 114 | 124 | 79 | 47 | 50 | 57 | 45 | 88 | 75 |
| Other assets | 212 | 189 | 170 | 138 | 205 | 221 | 248 | 321 | 332 | 348 |
| Total assets | 348 | 360 | 353 | 283 | 325 | 341 | 377 | 443 | 504 | 556 |
As reported by the company. Total assets equal total liabilities by construction.
Shanthi Gears Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 14 | 42 | 27 | 56 | 31 | 35 | 63 | 36 | 91 | 70 |
| Cash from investing | -13 | -26 | 40 | 24 | -18 | -16 | -26 | -12 | -38 | -45 |
| Cash from financing | 0 | -17 | -49 | -98 | -12 | -19 | -23 | -39 | -38 | -38 |
| Net cash flow | 1 | -1 | 18 | -18 | 1 | -1 | 14 | -14 | 14 | -14 |
| Free cash flow | 8 | 37 | 16 | 38 | 16 | 30 | 48 | 18 | 67 | 17 |
| CFO / operating profit | 55% | 131% | 90% | 182% | 131% | 83% | 94% | 61% | 96% | 95% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Shanthi Gears Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 10% | 10% | 13% | 12% | 11% | 24% | 32% | 33% | 35% | 26% |
| Debtor days | 92 | 95 | 85 | 58 | 80 | 78 | 56 | 80 | 83 | 81 |
| Inventory days | 397 | 238 | 237 | 192 | 275 | 141 | 113 | 121 | 103 | 168 |
| Days payable | 132 | 96 | 105 | 95 | 193 | 97 | 73 | 79 | 80 | 108 |
| Cash conversion cycle | 357 | 237 | 218 | 154 | 163 | 122 | 96 | 123 | 106 | 142 |
| Working capital days | 317 | 230 | 135 | 104 | 87 | 69 | 56 | 135 | 88 | 107 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Shanthi Gears Ltd shareholding pattern
Promoters held 70.47% at Jun 2026, broadly unchanged since Jun 2025. FIIs 3.13% and DIIs 0.23%.
| % held | 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% |
| FIIs | 3.29% | 3.25% | 3.23% | 3.26% | 3.22% | 3.16% | 3.13% | 3.13% |
| DIIs | 0.73% | 0.73% | 0.75% | 0.48% | 0.28% | 0.23% | 0.23% | 0.23% |
| Public | 25.50% | 25.54% | 25.55% | 25.78% | 26.03% | 26.14% | 26.16% | 26.16% |
| No. of shareholders | 26,471 | 27,759 | 28,497 | 29,010 | 29,461 | 30,013 | 28,913 | 28,529 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Shanthi Gears Ltd corporate filings
- Certificate under Reg 74(5) of SEBI(DP) Regulations, 2018Company Updatelow impact
- ICRA reaffirmed Shanthi Gears Limited's credit ratings at [ICRA]AA(Stable) for long-term and [ICRA]A1+ for short-term limits, indicating strong creditworthiness and stable financial outlook.Company Updatemedium impact
Cruxal's analysis: Shanthi Gears Limited received reaffirmed credit ratings from ICRA for its bank limits…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- Shanthi Gears Ltd announces resignation of Head of Strategic SourcingCompany Updatelow impact
Cruxal's analysis: Shanthi Gears Ltd has reported the stepping down of its Head of Strategic Sourcing…
Read the full analysis - Shanthi Gears Limited Announces Key Management Changes: New CFO and Head of HR AppointedCompany Updatelow impact
Cruxal's analysis: Shanthi Gears Limited has announced the appointment of Mr. Sai Krishna Alluri as the new…
Read the full analysis - Shanthi Gears Ltd issues clarification on recent stock price movementCompany Updatelow impact
Cruxal's analysis: Shanthi Gears Ltd has issued a formal clarification regarding the recent movement in its…
Read the full analysis - Tube Investments of India Limited Increases Stake in Shanthi Gears Limited via Block DealInsider Trading / SASTmedium impact
Cruxal's analysis: Tube Investments of India Limited has acquired 20.65 lakh equity shares of Shanthi Gears…
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