Shanthi Gears Ltd

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

Shanthi Gears Ltd

₹ 490 -0.39%
06 Dec - 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

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

Website BSE NSE
  • Market Cap ₹ 3,758 Cr.
  • Current Price ₹ 490
  • High / Low ₹ 545 / 292
  • Stock P/E 49.3
  • Book Value ₹ 42.6
  • Dividend Yield 1.02 %
  • ROCE 32.1 %
  • ROE 23.8 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 19.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 53.1%
  • Debtor days have improved from 71.4 to 55.8 days.
  • Company's working capital requirements have reduced from 70.5 days to 55.9 days

Cons

  • Stock is trading at 11.5 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
54 65 72 67 72 95 104 99 109 115 123 121 135
45 54 60 55 60 77 85 81 87 92 97 98 107
Operating Profit 9 11 12 12 12 17 19 18 22 23 27 23 29
OPM % 16% 16% 16% 18% 16% 18% 18% 18% 20% 20% 22% 19% 21%
2 2 3 2 2 2 2 2 3 3 3 4 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 3 3 3 3 3 3 3 3 3 3
Profit before tax 8 10 12 12 11 17 19 18 23 23 27 24 30
Tax % 19% 24% 23% 25% 30% 20% 35% 24% 26% 25% 27% 25% 29%
7 8 9 9 8 14 12 13 17 18 19 18 21
EPS in Rs 0.86 1.00 1.23 1.12 1.03 1.79 1.59 1.75 2.16 2.29 2.54 2.36 2.74
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
172 146 155 155 164 183 214 242 242 216 337 446 495
108 102 113 136 134 147 177 200 208 189 277 355 393
Operating Profit 65 44 42 18 31 36 37 41 35 27 60 90 102
OPM % 38% 30% 27% 12% 19% 20% 17% 17% 14% 12% 18% 20% 21%
5 8 10 12 9 11 12 12 7 8 9 11 14
Interest 1 1 0 0 0 0 0 0 0 0 0 0 0
Depreciation 27 29 26 17 17 18 16 11 8 9 10 11 12
Profit before tax 42 22 26 13 23 28 33 42 33 26 59 90 104
Tax % 32% 30% 29% 29% 23% 21% 14% 21% 23% 23% 28% 26%
28 15 18 9 18 23 29 33 25 20 42 67 76
EPS in Rs 3.44 1.89 2.25 1.14 2.17 2.75 3.50 4.08 3.28 2.63 5.54 8.74 9.93
Dividend Payout % 29% 32% 44% 44% 23% 27% 29% 147% 61% 57% 45% 57%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 23%
TTM: 22%
Compounded Profit Growth
10 Years: 16%
5 Years: 19%
3 Years: 39%
TTM: 36%
Stock Price CAGR
10 Years: 22%
5 Years: 33%
3 Years: 60%
1 Year: 26%
Return on Equity
10 Years: 10%
5 Years: 14%
3 Years: 17%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8 8
Reserves 240 249 258 263 276 298 310 294 221 229 252 295 319
4 0 0 0 0 0 0 0 0 0 0 0 0
37 31 31 36 34 41 42 51 54 88 81 76 103
Total Liabilities 289 288 298 306 318 348 360 353 283 325 341 378 430
138 116 95 82 66 65 57 59 60 74 66 70 69
CWIP 6 4 4 4 0 1 0 0 6 0 3 2 1
Investments 0 38 50 16 63 70 114 124 79 47 50 57 77
145 131 149 205 189 212 189 170 138 205 221 248 283
Total Assets 289 288 298 306 318 348 360 353 283 325 341 378 430

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
28 49 29 -6 46 14 42 27 56 31 35 63
-4 -67 -12 10 -43 -13 -26 40 24 -18 -16 -26
-16 -14 -15 -5 -5 0 -17 -49 -98 -12 -19 -23
Net Cash Flow 8 -32 2 -1 -2 1 -1 18 -18 1 -1 14

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51 63 64 87 86 92 95 85 58 80 78 56
Inventory Days 400 305 335 371 403 397 238 237 192 275 141 113
Days Payable 11 24 132 134 129 132 96 105 95 193 97 74
Cash Conversion Cycle 440 344 267 325 359 357 237 218 154 163 122 95
Working Capital Days 120 131 135 180 308 317 230 135 104 87 69 56
ROCE % 17% 8% 10% 5% 8% 10% 10% 13% 12% 11% 24% 32%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47% 70.47%
3.21% 4.48% 4.73% 4.66% 3.07% 2.90% 2.96% 2.97% 3.64% 3.70% 3.73% 3.61%
2.97% 1.17% 1.02% 0.74% 0.73% 0.89% 0.98% 0.99% 0.88% 0.84% 0.68% 0.62%
23.35% 23.87% 23.78% 24.13% 25.73% 25.74% 25.59% 25.54% 25.01% 24.98% 25.11% 25.30%
No. of Shareholders 18,16416,63416,98719,91322,88920,50824,34423,88124,54724,01626,58329,393

* 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.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Sep 2016
    Transcript
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