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NSE:SHANTIGEAR

SHANTHI GEARS LTD

Capital Goods › Industrial Manufacturing
₹489.90
at close · 28 Oct 2026
▼ 9.75 (-1.95%)

Latest filings

  1. Unaudited quarter and half-year results published in two newspapers · Compliance
  2. Q2 FY27 revenue and profit fall despite record order bookings · Results
  3. Board meeting on 26 Oct 2026 for unaudited Q2 results · Results
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures gears and related industrial products from India, with exports going primarily to America, Europe and other markets. In FY26, India made up 86.6% of segment revenue at ₹449.11 Cr, while America contributed 10.2% at ₹53.08 Cr, Europe 1.0% at ₹5.4 Cr and Others 2.1% at ₹11.13 Cr. Total revenue for FY26 was ₹518.72 Cr, with EBITDA margin of 22.9% and net profit of ₹76.66 Cr. Raw materials are the largest cost at 49.2% of revenue, followed by employee costs at 15.2% and other operating expenses at 17.6%. The business is capital-intensive, with capex at 10.2% of revenue, and the order book stood at ₹378 Cr at the end of Q1 FY27. The company is debt-free and recorded ROCE of 24% in FY26. Tube Investments of India is the promoter.

Revenue mix · reported segments
India86.6%
America10.2%
Others2.1%
Europe1.0%
Operating scale
Order book
₹378 CrQ1 FY27
India share of segment revenue
86.6%FY26
America share of segment revenue
10.2%FY26
ROCE
24%FY26
Capex as % of revenue
10.2%FY26
Total assets
₹555.59 CrFY26
Who pays it
Industrial buyers across India, America, Europe and other export markets
Biggest cost
Raw materials, at 49.2% of revenue
Kind of business
Capital-intensive industrial manufacturing, primarily India-focused with exports, debt-free
Where it sits
Listed industrial products company within the Capital Goods sector, with Tube Investments of India as promoter
Market Cap
₹3,770 Cr
P / E (TTM)
58.9×
EV / EBITDA
36.3×
Div Yield
1.02%
Growth
19.2%▲
Revenue 5y CAGR
PAT +30.6% · EBITDA +27.7%
Quality
29.8%▲
ROCE (5y median)
ROE 22.2% (5y median) · margin 22.9%
Leverage
0.00·
Debt / Equity · low
Net cash ₹1.33 Cr
Revenue FY21→FY26
2.4×▲
Margin +5.4 pts
₹216 Cr → ₹519 Cr
Cash conversion
0.81×·
Operating cash ÷ profit · 5 yrs
₹295 Cr on ₹364 Cr
Moves on a normal day
0.74%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#96/130
P/B#93/112
ROCE#22/142
ROE#20/113
Debt / Equity#1/113
EBITDA margin#37/110
Revenue growth#98/114
Profit growth#91/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 19% a year over 5 years
Profit compounding 31% a year over 5 years
Returns on capital 29.8% (5-year median)
#22 of 142 in Industrial Products on the latest reported figures · up from 10.9% in FY21
No borrowings on the balance sheet
lower than 80% of its 113 Industrial Products peers
Pays out 50% of profit as dividend
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SHANTHI GEARS LTD's filed financials and exchange disclosures

What does SHANTHI GEARS LTD do?

SHANTHI GEARS LTD is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol SHANTIGEAR.

Is SHANTHI GEARS LTD profitable?

Yes. Over the trailing twelve months SHANTHI GEARS LTD reported a net profit of ₹64 Cr on revenue of ₹499 Cr.

Does SHANTHI GEARS LTD pay a dividend?

Yes. The dividend yield is 1.02% at the current price. It paid out 50% of its profit as dividend in FY26.

Is SHANTHI GEARS LTD debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹1.33 Cr of cash.

Is SHANTHI GEARS LTD expensive compared with its peers?

On trailing P/E, SHANTHI GEARS LTD ranks 96 of 130 in Industrial Products — cheaper than 26% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.

How much does the SHANTHI GEARS LTD share price move in a day?

On a typical session SHANTHI GEARS LTD moves 0.74% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SHANTHI GEARS LTD's announcements?

Every NSE and BSE filing by SHANTHI GEARS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.