Shanthi Gears Ltd

₹ 382 1.21%
05 Dec 4:10 p.m.
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 includes various types of gears, gear boxes, geared motors and gear assemblies.[1]

  • Market Cap 2,931 Cr.
  • Current Price 382
  • High / Low 400 / 140
  • Stock P/E 52.3
  • Book Value 37.8
  • Dividend Yield 0.65 %
  • ROCE 23.7 %
  • ROE 17.0 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 86.5 days to 68.9 days

Cons

  • Stock is trading at 10.1 times its book value
  • Company has a low return on equity of 11.7% over last 3 years.

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
71 58 42 25 54 65 72 67 72 95 104 99 109
59 50 41 29 45 54 60 55 60 77 85 81 87
Operating Profit 12 8 1 -4 9 11 12 12 12 17 19 18 22
OPM % 17% 14% 2% -17% 16% 16% 16% 18% 16% 18% 18% 18% 20%
2 2 2 2 2 2 3 2 2 2 2 2 3
Interest -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Depreciation 2 2 2 2 2 2 2 3 3 3 3 3 3
Profit before tax 12 8 0 -5 8 10 12 12 11 17 19 18 23
Tax % 30% 21% -163% 21% 19% 24% 23% 25% 30% 20% 35% 24% 26%
Net Profit 8 6 1 -4 7 8 9 9 8 14 12 13 17
EPS in Rs 1.09 0.79 0.17 -0.47 0.86 1.00 1.23 1.12 1.03 1.79 1.59 1.75 2.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
162 172 146 155 155 164 183 214 242 242 216 337 406
93 108 102 113 136 134 147 177 200 208 189 277 330
Operating Profit 69 65 44 42 18 31 36 37 41 35 27 60 76
OPM % 43% 38% 30% 27% 12% 19% 20% 17% 17% 14% 12% 18% 19%
3 5 8 10 12 9 11 12 12 7 8 9 10
Interest 1 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 27 27 29 26 17 17 18 16 11 8 9 10 10
Profit before tax 44 42 22 26 13 23 28 33 42 33 26 59 76
Tax % 36% 32% 30% 29% 29% 23% 21% 14% 21% 23% 23% 28%
Net Profit 28 28 15 18 9 18 23 29 33 25 20 42 56
EPS in Rs 3.41 3.44 1.89 2.25 1.14 2.17 2.75 3.50 4.08 3.28 2.63 5.54 7.29
Dividend Payout % 29% 29% 32% 44% 44% 23% 27% 29% 147% 61% 57% -0%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 12%
TTM: 47%
Compounded Profit Growth
10 Years: 4%
5 Years: 14%
3 Years: 9%
TTM: 67%
Stock Price CAGR
10 Years: 20%
5 Years: 22%
3 Years: 57%
1 Year: 156%
Return on Equity
10 Years: 8%
5 Years: 11%
3 Years: 12%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 221 240 249 258 263 276 298 310 294 221 229 252 282
4 4 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
56 37 31 31 36 34 41 42 51 54 88 81 93
Total Liabilities 289 289 288 298 306 318 348 360 353 283 325 341 383
158 138 116 95 82 66 65 57 59 60 74 66 66
CWIP 8 6 4 4 4 0 1 0 0 6 0 3 1
Investments -0 -0 38 50 16 63 70 114 124 79 47 50 60
123 145 131 149 205 189 212 189 170 138 205 221 255
Total Assets 289 289 288 298 306 318 348 360 353 283 325 341 383

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
54 28 49 29 -6 46 14 42 27 56 31 35
-10 -4 -67 -12 10 -43 -13 -26 40 24 -18 -16
-26 -16 -14 -15 -5 -5 -0 -17 -49 -98 -12 -19
Net Cash Flow 19 8 -32 2 -1 -2 1 -1 18 -18 1 -1

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 58 51 63 64 87 86 92 95 85 58 80 78
Inventory Days 303 400 305 335 371 403 397 238 237 192 275 141
Days Payable 28 11 24 132 134 129 132 96 105 95 193 97
Cash Conversion Cycle 334 440 344 267 325 359 357 237 218 154 163 122
Working Capital Days 78 120 131 135 180 308 317 230 135 104 87 69
ROCE % 19% 17% 8% 10% 5% 8% 10% 10% 13% 12% 11% 24%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
70.47 70.47 70.47 70.47 70.47 70.47 70.47 70.47 70.47 70.47 70.47 70.47
3.23 3.21 3.21 3.21 3.21 4.48 4.73 4.66 3.07 2.90 2.96 2.97
4.82 4.23 4.18 4.08 2.97 1.17 1.02 0.74 0.73 0.89 0.98 0.99
21.48 22.09 22.14 22.24 23.35 23.87 23.78 24.13 25.73 25.74 25.59 25.54

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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