Shanthi Gears Ltd

Shanthi Gears Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shanthi Gears Ltd

₹ 424 -2.37%
17 Jul - close price
shanthigears.com BSE: 522034 NSE: SHANTIGEAR
About

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

Key Points

Parentage
Tube Investments of India Ltd, the flagship company of the Murugappa Group, holds a 70.46% stake in the company. The 124-year-old Murugappa Group, with a turnover of ₹77,881 Cr, has a global presence across sectors like agriculture, engineering, finance, abrasives, electro minerals, EVs, auto components, fans, and transformers.. [1] [2]

Website BSE NSE
  • Market Cap ₹ 3,250 Cr.
  • Current Price ₹ 424
  • High / Low ₹ 621 / 395
  • Stock P/E 40.6
  • Book Value ₹ 57.4
  • Dividend Yield 1.18 %
  • ROCE 25.6 %
  • ROE 19.0 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 45.5%

Cons

  • Stock is trading at 7.38 times its book value

* 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.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

Part of BSE Industrials BSE 1000

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
123 121 135 126 154 139 155 158 153 135 132 117 135
97 98 107 102 127 110 121 123 122 104 105 94 111
Operating Profit 27 23 29 23 27 29 34 35 31 31 27 23 24
OPM % 22% 19% 21% 19% 17% 21% 22% 22% 20% 23% 20% 20% 18%
3 4 4 4 10 3 3 4 4 4 6 3 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 3 3 3 4 3 3 3 4 4 4 4 5
Profit before tax 27 24 30 24 32 29 34 35 31 31 29 22 22
Tax % 27% 25% 29% 27% 20% 25% 25% 26% 28% 26% 25% 25% 25%
19 18 21 17 26 22 26 26 22 23 22 16 16
EPS in Rs 2.54 2.36 2.74 2.27 3.35 2.82 3.34 3.43 2.93 2.96 2.80 2.11 2.12
Raw PDF
Upcoming result date: 29 July 2026

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
155 164 183 214 242 242 216 337 446 536 605 519
136 134 147 177 200 208 189 277 355 434 475 414
Operating Profit 18 31 36 37 41 35 27 60 90 102 129 104
OPM % 12% 19% 20% 17% 17% 14% 12% 18% 20% 19% 21% 20%
12 9 11 12 12 7 8 9 11 21 15 15
Interest 0 0 0 0 0 0 0 0 0 1 0 0
Depreciation 17 17 18 16 11 8 9 10 11 13 13 16
Profit before tax 13 23 28 33 42 33 26 59 90 110 130 103
Tax % 29% 23% 21% 14% 21% 23% 23% 28% 26% 25% 26% 25%
9 18 23 29 33 25 20 42 67 82 96 77
EPS in Rs 1.14 2.17 2.75 3.50 4.08 3.28 2.63 5.54 8.74 10.72 12.52 9.99
Dividend Payout % 44% 23% 27% 29% 147% 61% 57% 45% 57% 47% 40% 50%
Compounded Sales Growth
10 Years: 12%
5 Years: 19%
3 Years: 5%
TTM: -14%
Compounded Profit Growth
10 Years: 17%
5 Years: 32%
3 Years: 6%
TTM: -17%
Stock Price CAGR
10 Years: 14%
5 Years: 23%
3 Years: -3%
1 Year: -18%
Return on Equity
10 Years: 16%
5 Years: 22%
3 Years: 23%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 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 8 8
Reserves 263 276 298 310 294 221 229 252 295 338 395 432
0 0 0 0 0 0 0 0 0 0 0 0
36 34 41 42 51 54 88 81 75 97 101 116
Total Liabilities 306 318 348 360 353 283 325 341 377 443 504 556
82 66 65 57 59 60 74 66 70 72 79 106
CWIP 4 0 1 0 0 6 0 3 2 4 5 26
Investments 16 63 70 114 124 79 47 50 57 45 88 75
205 189 212 189 170 138 205 221 248 321 332 348
Total Assets 306 318 348 360 353 283 325 341 377 443 504 556

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-6 46 14 42 27 56 31 35 63 36 91 70
10 -43 -13 -26 40 24 -18 -16 -26 -12 -38 -45
-5 -5 0 -17 -49 -98 -12 -19 -23 -39 -38 -38
Net Cash Flow -1 -2 1 -1 18 -18 1 -1 14 -14 14 -14
Free Cash Flow 26 35 8 37 16 38 16 30 48 18 67 17
CFO/OP 7% 179% 55% 131% 90% 182% 131% 83% 94% 61% 96% 95%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 87 86 92 95 85 58 80 78 56 80 83 81
Inventory Days 371 403 397 238 237 192 275 141 113 121 103 168
Days Payable 134 129 132 96 105 95 193 97 73 79 80 108
Cash Conversion Cycle 325 359 357 237 218 154 163 122 96 123 106 142
Working Capital Days 180 308 317 230 135 104 87 69 56 135 88 107
ROCE % 5% 8% 10% 10% 13% 12% 11% 24% 32% 33% 35% 26%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Permanent Employees
count

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Pending Order Book
Rs. crore
Export Sales
Rs. crore
GGB (Gears & Gear Boxes) Share of Turnover
% of total turnover
Number of Countries Exported To
count
Number of Dealers/Distributors
count
Sales to Dealers/Distributors as % of Total Sales
% of total sales
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47%
3.61% 3.44% 3.49% 3.46% 3.29% 3.25% 3.23% 3.26% 3.22% 3.16% 3.13% 3.13%
0.62% 0.58% 0.49% 0.51% 0.73% 0.73% 0.75% 0.48% 0.28% 0.23% 0.23% 0.23%
25.30% 25.51% 25.54% 25.56% 25.50% 25.54% 25.55% 25.78% 26.03% 26.14% 26.16% 26.16%
No. of Shareholders 29,39330,32926,24025,40526,47127,75928,49729,01029,46130,01328,91328,529

* 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.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Sep 2016
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