Shanti Gold International Ltd
Incorporated in 2003, Shanti Gold International Ltd offers a wide range of designs and products of 22KT CZ gold jewellery.[1]
- Market Cap ₹ 1,431 Cr.
- Current Price ₹ 199
- High / Low ₹ 274 / 195
- Stock P/E 20.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 26.2 %
- ROE 44.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.3%
Cons
* 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
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of BSE IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 377 | 428 | 679 | 711 | 1,106 | |
| 356 | 409 | 637 | 661 | 1,015 | |
| Operating Profit | 20 | 19 | 43 | 50 | 92 |
| OPM % | 5% | 4% | 6% | 7% | 8% |
| 1 | 2 | 3 | 3 | 6 | |
| Interest | 6 | 10 | 12 | 14 | 19 |
| Depreciation | 2 | 2 | 2 | 3 | 6 |
| Profit before tax | 14 | 8 | 31 | 36 | 73 |
| Tax % | 41% | 61% | 36% | 25% | 23% |
| 8 | 3 | 20 | 27 | 56 | |
| EPS in Rs | 9.33 | 3.67 | 22.02 | 29.86 | 10.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 157% |
| TTM: | 107% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 38% |
| Last Year: | 45% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 54 |
| Reserves | 42 | 41 | 61 | 88 | 98 |
| 116 | 144 | 165 | 211 | 243 | |
| 30 | 20 | 22 | 18 | 24 | |
| Total Liabilities | 197 | 214 | 257 | 325 | 420 |
| 29 | 43 | 42 | 60 | 57 | |
| CWIP | 14 | 4 | 6 | 8 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 154 | 167 | 208 | 257 | 354 | |
| Total Assets | 197 | 214 | 257 | 325 | 420 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -28 | -16 | -4 | -13 | -15 | |
| 9 | -3 | -4 | -5 | 2 | |
| 18 | 18 | 9 | 20 | 13 | |
| Net Cash Flow | -0 | -0 | 1 | 2 | -0 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 80 | 60 | 55 | 40 | 60 |
| Inventory Days | 49 | 77 | 50 | 72 | 54 |
| Days Payable | 4 | 7 | 4 | 3 | 2 |
| Cash Conversion Cycle | 125 | 130 | 101 | 110 | 112 |
| Working Capital Days | 27 | 38 | 31 | 19 | 34 |
| ROCE % | 10% | 20% | 19% | 26% |
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Certificate under SEBI Reg 74(5) for quarter ended Sep 30, 2025 confirming dematerialisation processing.
-
Business Update - Q2 FY26
8 Oct - Q2 FY26 revenues up ~60% YoY; H1 revenues up over 40%; new festive collections launched.
-
Closure of Trading Window
29 Sep - Trading window closed Oct 1, 2025 until 48 hours after results for September 30, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Aug - Copy of Newspaper Publication for Financial Results of Q1 FY 2025-26
- Results - Financial Results For Quarter Ended June 30, 2025 20 Aug
Business Overview:[1]
SGIL is a manufacturer of 22KT CZ casting gold jewellery, specializing in the design and production of all types of gold jewellery. This includes a wide range of intricately crafted bangles, rings, necklaces, and complete jewellery sets. These are offered across varied price points, catering to multiple consumer segments from daily-wear pieces to festive designs and exclusive bridal collection.