Trading IdeasFundamentals

Shanthi Gears Ltd

NSE: SHANTIGEAR · Industrial Products · sector

₹475.90NSE close 2026-10-26

Key numbers

Market cap₹3,652 cr
Price₹475.90
52w high / low₹743 / ₹384
P/E57.2xSector median 24.2x
P/B8.3xSector median 2.8x
Book value₹57.4
Dividend yield1.05%Sector median 0.50%
ROE15.1%Sector median 11.5%
ROCE19.6%Sector median 13.4%
OPM16.8%Sector median 10.3%
Debt / equity0.00xSector median 0.17x
EV/EBITDA41.9xSector median 16.7x
Interest cover785.1x
Current ratio3.71x
Sales growth 3y+5.2%Sector median +10.2%
Profit growth 3y+4.6%Sector median +12.8%
PEG12.56x

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹707.75 · low ₹386.65
Sep 2024Apr 2025Oct 2025Apr 2026

Quarterly results

₹ crSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue155158153135132117135115
EBITDA3435313127212115
OPM %22.0%22.2%20.2%22.6%20.1%18.3%15.3%13.1%
Other income34446464
Net profit2626222322161610
EPS (₹)3.343.432.932.962.812.112.121.28
Revenue YoY-14.9%-25.8%-11.8%-14.4%
Profit YoY-16.1%-38.4%-27.6%-56.6%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ crFY22FY23FY24FY25FY26TTM
Revenue3446536605519499
EBITDA1901021299984
Net profit06782967764
EPS (₹)5.548.7410.7212.529.998.32
Revenue growth+13,124.0%+20.3%+12.8%-14.2%-16.9%
Profit growth+15,864.3%+22.7%+16.8%-20.2%-34.2%
Dividend / share (₹)2.503.005.005.005.00
Compounded growth3 years5 yearsLast 12 months
Sales+5.2%+19.2%-16.9%
Net profit+4.6%+30.6%-34.2%
EPS+4.6%+30.6%–
Share price–-7.5% (2y)-5.7%

Balance sheet

₹ crFY22FY23FY24FY25FY26
Shareholders' equity–302345403440
Borrowings–0000
Cash & equivalents–1278135141
Total assets–378443504556
Fixed assets–63647198
Capital work in progress–24526
Investments–0281810
Receivables–68118137116
Inventory–678580113
Payables–44606372

Year-end figures from the March annual filing.

Cash flow

₹ crFY22FY23FY24FY25FY26
Cash from operations063369170
Cash from investing-0-26-12-38-45
Cash from financing-0-23-38-38-38
Capex015202453
Free cash flow048166617

Free cash flow = cash from operations − capex.

Ratios by year

₹ crFY22FY23FY24FY25FY26
ROE %–22.2%23.8%23.8%17.4%
ROCE %–29.8%31.8%32.3%23.3%
Debtor days–56808381
Inventory days–113121103168
Payable days–748580108
Cash conversion cycle (days)–95116106141
Working capital days–160157170205

Shareholding

Holder% (2026-09-30)
Promoters73.16%
FIIs0.18%
DIIs0.23%
of which Mutual funds0.01%
of which Insurance0.22%
Public (non-institutions)26.43%
QuarterDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters %70.47%70.47%70.47%70.47%70.47%70.47%70.47%73.16%
Promoter group%
Tube Investments Of India Limited73.16%
Ambadi Investments Limited0.01%
M V Subbiah0.00%
M V SUBBIAH - As Kartha of HUF0.00%
M V Seetha Subbiah0.00%
Valli Subbiah0.00%
S Vellayan0.00%
Lalitha Vellayan0.00%
Valli Annamalai0.00%
V Narayanan0.00%
V Vasantha0.00%
V Arunachalam0.00%
A V Nagalakshmi0.00%
A Venkatachalam0.00%
Meyyammai Venkatachalam0.00%
Public holders above 1%%
Dhanesh S Shah1.27%
Durgesh S Shah1.27%
Nimesh Sumatilal1.27%

28,374 shareholders. Pledged: 0.00% of promoter shares.

Peers in Industrial Products

CompanyMarket capP/EP/BROEROCEOPMSales 3yDiv yield
INDOMIM₹52,085 cr–––––––
CPPLUS₹45,577 cr94.7x24.3x25.5%33.3%14.5%–0.04%
SYRMA₹28,803 cr77.7x10.1x17.4%17.6%11.1%+33.0%0.10%
HONAUT₹27,500 cr50.1x6.2x13.0%16.9%13.3%+10.7%0.34%
KAYNES₹22,167 cr64.0x4.7x9.1%11.1%15.5%+47.7%–
JYOTICNC₹20,523 cr63.8x10.3x17.4%18.5%24.4%––
LMW₹17,267 cr84.2x5.7x7.0%9.3%7.1%-12.1%0.19%
TEGA₹12,752 cr447.9x3.7x0.9%4.5%7.5%+11.7%0.11%
LLOYDSENGG₹12,248 cr48.1x7.3x14.1%15.1%14.2%+60.9%0.27%
SHANTIGEAR₹3,652 cr57.2x8.3x15.1%19.6%16.8%+5.2%1.05%

All 152 companies in Industrial Products →

Business segments (FY26)

SegmentRevenueShareEBITMargin
India₹449 cr86.6%₹0 cr0.0%
America₹53 cr10.2%₹0 cr0.0%
Others₹11 cr2.1%₹0 cr0.0%
Europe₹5 cr1.0%₹0 cr0.0%

Dividends & corporate actions

Ex-dateActionDetail
2026-07-17DividendDividend - Rs 2 Per Share
2026-01-29DividendInterim Dividend - Rs 3 Per Share
2025-07-18DividendDividend - Rs 2 Per Share
2025-02-07DividendInterim Dividend - Rs 3 Per Share
2024-07-19DividendDividend - Rs 2 Per Share
2024-02-09DividendInterim Dividend - Rs 3 Per Share
2023-07-14DividendAnnual General Meeting/Dividend - Rs 2 Per Share
2023-02-08DividendInterim Dividend - Rs 3 Per Share
2022-07-14OtherAnnual General Meeting
2022-02-14DividendInterim Dividend - Rs 2.50 Per Share
2021-07-08OtherAnnual General Meeting
2021-02-22DividendInterim Dividend - Rs 1.50 Per Share
2020-07-09OtherAnnual General Meeting
2020-03-11DividendInterim Dividend - Rs 2 Per Share
2019-07-11DividendAnnual General Meeting/ Dividend - Re 1 Per Share
2019-02-07BuybackBuy Back
2019-01-04DividendInterim Dividend - Rs 5 Per Share
2018-07-25OtherAnnual General Meeting
2018-02-15DividendInterim Dividend Re 1/- Per Share
2017-07-13DividendAnnual General Meeting/Dividend - Re 0.75 Per Share

Documents

Links go to the original files on the exchange website.

About the company

SectorIndustrials
IndustryIndustrial Products
Sub-industryIndustrial Products
SymbolSHANTIGEAR
BSE code522034
ISININE631A01022
Face value₹1.0
Incorporated1972-07-01
Websitewww.shanthigears.com
Plants (India / abroad)3 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.