Shanthi Gears Ltd

Shanthi Gears Limited is an India-based company, which is engaged in the business of design, manufacture, supply and servicing of gears and gear boxes.

  • Market Cap: 657.84 Cr.
  • Current Price: 85.85
  • 52 weeks High / Low 124.90 / 55.50
  • Book Value: 29.80
  • Stock P/E: 26.12
  • Dividend Yield: 2.33 %
  • ROCE: 13.49 %
  • ROE: 10.56 %
  • Sales Growth (3Yrs): 13.70 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 67.60%
Cons:
Stock is trading at 2.88 times its book value
The company has delivered a poor growth of 9.31% over past five years.
Company has a low return on equity of 9.07% for last 3 years.

Peer comparison Sector: Auto Ancillaries // Industry: Auto Ancillaries

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Quarterly Results Figures in Rs. Crores

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
51 54 54 55 62 59 62 60 72 71 58 42
43 43 43 48 50 49 50 53 58 59 50 41
Operating Profit 8 11 11 7 12 11 12 7 13 12 8 1
OPM % 16% 21% 19% 12% 19% 18% 19% 12% 19% 17% 14% 2%
Other Income 3 3 3 4 2 3 3 3 1 2 2 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 4 4 3 3 3 3 2 2 2 2 2
Profit before tax 7 10 9 7 11 11 12 8 13 12 8 0
Tax % 26% 26% 28% -33% 23% 21% 20% 22% 25% 30% 21% -163%
Net Profit 5 7 7 10 8 9 10 6 9 8 6 1
EPS in Rs 0.62 0.88 0.82 1.18 1.04 1.10 1.20 0.74 1.22 1.09 0.79 0.17
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
244 252 121 162 172 146 155 155 164 183 214 242 242
150 150 73 93 108 102 113 136 134 147 177 200 208
Operating Profit 95 103 48 69 65 44 42 18 31 36 37 41 35
OPM % 39% 41% 40% 43% 38% 30% 27% 12% 19% 20% 17% 17% 14%
Other Income 3 4 7 3 5 8 10 12 9 11 12 12 7
Interest 7 12 4 1 1 1 0 0 0 0 0 0 0
Depreciation 22 26 27 27 27 29 26 17 17 18 16 11 8
Profit before tax 67 69 24 44 42 22 26 13 23 28 33 42 33
Tax % 35% 36% 34% 36% 32% 30% 29% 29% 23% 21% 14% 21%
Net Profit 44 44 16 28 28 15 18 9 18 23 29 33 25
EPS in Rs 5.20 5.19 1.85 3.25 3.28 1.79 2.08 1.04 2.17 2.76 3.50 4.08 3.27
Dividend Payout % 22% 22% 40% 29% 29% 32% 44% 44% 23% 27% 29% 147%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-0.44%
5 Years:9.31%
3 Years:13.70%
TTM:-0.28%
Compounded Profit Growth
10 Years:-2.92%
5 Years:12.44%
3 Years:23.63%
TTM:-24.47%
Stock Price CAGR
10 Years:7.13%
5 Years:-3.40%
3 Years:-12.47%
1 Year:-26.12%
Return on Equity
10 Years:8.11%
5 Years:7.48%
3 Years:9.07%
Last Year:10.56%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 162 194 203 221 240 249 258 263 276 298 310 294 221
Borrowings 93 89 26 4 4 0 0 0 0 0 0 0 0
55 67 41 56 37 31 31 36 34 41 42 51 54
Total Liabilities 318 359 277 289 289 288 298 306 318 348 360 353 283
181 196 175 158 138 116 95 82 66 65 57 59 60
CWIP 16 7 5 8 6 4 4 4 0 1 0 0 6
Investments 0 0 0 0 0 38 50 16 63 70 114 124 79
121 156 97 123 145 131 149 205 189 212 189 170 138
Total Assets 318 359 277 289 289 288 298 306 318 348 360 353 283

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
69 86 57 54 28 49 29 -6 46 14 42 27
-37 -31 -1 -10 -4 -67 -12 10 -43 -13 -26 40
-37 -24 -75 -26 -16 -14 -15 -5 -5 0 -17 -49
Net Cash Flow -5 32 -20 19 8 -32 2 -1 -2 1 -1 18

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 29% 29% 11% 19% 17% 8% 10% 5% 8% 10% 10% 13%
Debtor Days 46 51 45 58 51 63 64 87 86 92 95 85
Inventory Turnover 4.50 4.39 2.28 3.61 3.43 2.94 3.43 2.72 2.49 2.58 3.19 3.75