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 ₹ 1,526 Cr.
- Current Price ₹ 212
- High / Low ₹ 274 / 184
- Stock P/E 12.0
- Book Value ₹ 75.2
- 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
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 | TTM | |
|---|---|---|---|---|---|---|
| 377 | 428 | 679 | 711 | 1,106 | 1,657 | |
| 356 | 409 | 637 | 661 | 1,015 | 1,467 | |
| Operating Profit | 20 | 19 | 43 | 50 | 92 | 190 |
| OPM % | 5% | 4% | 6% | 7% | 8% | 11% |
| 1 | 2 | 3 | 3 | 6 | 8 | |
| Interest | 6 | 10 | 12 | 14 | 19 | 19 |
| Depreciation | 2 | 2 | 2 | 3 | 6 | 6 |
| Profit before tax | 14 | 8 | 31 | 36 | 73 | 173 |
| Tax % | 41% | 61% | 36% | 25% | 23% | |
| 8 | 3 | 20 | 27 | 56 | 128 | |
| EPS in Rs | 9.33 | 3.67 | 22.02 | 29.86 | 10.34 | 19.75 |
| 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: | 31% |
| 3 Years: | 38% |
| Last Year: | 45% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 54 | 72 |
| Reserves | 42 | 41 | 61 | 88 | 98 | 470 |
| 116 | 144 | 165 | 211 | 243 | 184 | |
| 30 | 20 | 22 | 18 | 24 | 42 | |
| Total Liabilities | 197 | 214 | 257 | 325 | 420 | 768 |
| 29 | 43 | 42 | 60 | 57 | 55 | |
| CWIP | 14 | 4 | 6 | 8 | 9 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 154 | 167 | 208 | 257 | 354 | 704 | |
| Total Assets | 197 | 214 | 257 | 325 | 420 | 768 |
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
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Feb
-
Announcement under Regulation 30 (LODR)-Acquisition
13 Feb - Shanti Gold subscribing 2,00,000 warrants in Golkunda at Rs214 each; investment Rs4.28 Crore; 2.42% post-conversion.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Feb - Copy of Newspaper Publication for financial results for the quarter ended December 31, 2025
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Feb - Audio link of Q3FY26 earnings call (Feb 11, 2026) posted on company website.
Concalls
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT REC
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.