Shanthi Gears Ltd

Shanthi Gears Ltd

₹ 665 -2.87%
12 Jul - close price
About

Shanthi Gears Ltd is in the business of design, manufacture, supply and servicing of gears and gear boxes.[1]

Key Points

Product Portfolio
The company's product portfolio encompasses a range of customized gearboxes, loose gears, worm gearboxes, and helical gearboxes. [1]

  • Market Cap 5,105 Cr.
  • Current Price 665
  • High / Low 704 / 400
  • Stock P/E 63.1
  • Book Value 45.0
  • Dividend Yield 0.75 %
  • ROCE 33.5 %
  • ROE 25.0 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 19.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 49.7%

Cons

  • Stock is trading at 14.8 times its book value
  • Working capital days have increased from 86.3 days to 134 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
72 67 72 95 104 99 109 115 123 121 135 126 154
60 55 60 77 85 81 87 92 97 98 107 102 127
Operating Profit 12 12 12 17 19 18 22 23 27 23 29 23 27
OPM % 16% 18% 16% 18% 18% 18% 20% 20% 22% 19% 21% 19% 17%
3 2 2 2 2 2 3 3 3 4 4 4 10
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 3 3 3 3 3 3 3 3 3 3 3 4
Profit before tax 12 12 11 17 19 18 23 23 27 24 30 24 32
Tax % 23% 25% 30% 20% 35% 24% 26% 25% 27% 25% 29% 27% 20%
9 9 8 14 12 13 17 18 19 18 21 17 26
EPS in Rs 1.23 1.12 1.03 1.79 1.59 1.75 2.16 2.29 2.54 2.36 2.74 2.27 3.35
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
146 155 155 164 183 214 242 242 216 337 446 536
102 113 136 134 147 177 200 208 189 277 355 434
Operating Profit 44 42 18 31 36 37 41 35 27 60 90 102
OPM % 30% 27% 12% 19% 20% 17% 17% 14% 12% 18% 20% 19%
8 10 12 9 11 12 12 7 8 9 11 21
Interest 1 0 0 0 0 0 0 0 0 0 0 1
Depreciation 29 26 17 17 18 16 11 8 9 10 11 13
Profit before tax 22 26 13 23 28 33 42 33 26 59 90 110
Tax % 30% 29% 29% 23% 21% 14% 21% 23% 23% 28% 26% 25%
15 18 9 18 23 29 33 25 20 42 67 82
EPS in Rs 1.89 2.25 1.14 2.17 2.75 3.50 4.08 3.28 2.63 5.54 8.74 10.72
Dividend Payout % 32% 44% 44% 23% 27% 29% 147% 61% 57% 45% 57% 47%
Compounded Sales Growth
10 Years: 13%
5 Years: 17%
3 Years: 35%
TTM: 20%
Compounded Profit Growth
10 Years: 16%
5 Years: 20%
3 Years: 59%
TTM: 21%
Stock Price CAGR
10 Years: 22%
5 Years: 44%
3 Years: 65%
1 Year: 47%
Return on Equity
10 Years: 12%
5 Years: 17%
3 Years: 22%
Last Year: 25%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 249 258 263 276 298 310 294 221 229 252 295 338
0 0 0 0 0 0 0 0 0 0 0 0
31 31 36 34 41 42 51 54 88 81 75 97
Total Liabilities 288 298 306 318 348 360 353 283 325 341 377 443
116 95 82 66 65 57 59 60 74 66 70 72
CWIP 4 4 4 0 1 0 0 6 0 3 2 4
Investments 38 50 16 63 70 114 124 79 47 50 57 45
131 149 205 189 212 189 170 138 205 221 248 321
Total Assets 288 298 306 318 348 360 353 283 325 341 377 443

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
49 29 -6 46 14 42 27 56 31 35 63 36
-67 -12 10 -43 -13 -26 40 24 -18 -16 -26 -12
-14 -15 -5 -5 0 -17 -49 -98 -12 -19 -23 -38
Net Cash Flow -32 2 -1 -2 1 -1 18 -18 1 -1 14 -14

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 64 87 86 92 95 85 58 80 78 56 80
Inventory Days 305 335 371 403 397 238 237 192 275 141 113 121
Days Payable 24 132 134 129 132 96 105 95 193 97 73 85
Cash Conversion Cycle 344 267 325 359 357 237 218 154 163 122 96 116
Working Capital Days 131 135 180 308 317 230 135 104 87 69 56 134
ROCE % 8% 10% 5% 8% 10% 10% 13% 12% 11% 24% 32% 33%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47%
4.73% 4.66% 3.07% 2.90% 2.96% 2.97% 3.64% 3.70% 3.73% 3.61% 3.44% 3.49%
1.02% 0.74% 0.73% 0.89% 0.98% 0.99% 0.88% 0.84% 0.68% 0.62% 0.58% 0.49%
23.78% 24.13% 25.73% 25.74% 25.59% 25.54% 25.01% 24.98% 25.11% 25.30% 25.51% 25.54%
No. of Shareholders 16,98719,91322,88920,50824,34423,88124,54724,01626,58329,39330,32926,240

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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