BSE: 534708
SHANTI GURU INDUSTRIES LIMITED
Sells retail goods and is building a processed food manufacturing unit in Krishnagiri, Tamil Nadu, to produce soya chunks and vermicelli. The retail business has struggled on margins, and operational revenue has effectively dried up — H1 FY26 (six months to 30 September 2025) recorded zero revenue from operations. Most of FY26 income was non-recurring: Rs 1,485.20 lakhs of other income out of Rs 1,507.84 lakhs total income, including Rs 431.88 lakhs profit on a land sale and Rs 1,012.03 lakhs from fair-value gains on equity investments. To fund the new food facility, the company is selling its 150-cent freehold land at Madhavaram, Chennai — approved by shareholders at the September 2025 AGM. Employee costs at Rs 19.64 lakhs in H1 FY26 and other operating expenses dominate the cost base, while cash from operations was deeply negative at Rs (121.18) lakhs for the half year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Revenue from operations, Other income (non-recurring), Processed food manufacturing. Micro-cap, transitional — moving out of struggling retail trade into processed food manufacturing
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (1) | (0) | (0) | (0) | (1) |
| margin % | — | — | — | — | (449.5) |
| Owners' profit | (1) | (0) | (0) | (0) | 11 |
| EPS, as reported (₹) | (0.55) | (0.04) | (0.08) | (0.13) | 9.12 |
| ROE % · ROCE % | (4.8) · (4.8) | (0.4) · (0.4) | (0.7) · (0.7) | (1.2) · (1.2) | 45.1 · 50.3 |
| Debt / equity (x) | 0.03 | 0.03 | 0.02 | 0.00 | 0.00 |
| Cash from operations | (1) | (2) | 4 | (0) | (2) |
| Capex | (0) | 0 | 0 | (0) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | 0 | (0) | (0) | (0) | (0) | (0) | 14 |
| Net profit | (0) | 0 | (0) | (0) | (0) | (0) | (0) | 11 |
| EPS (₹) | (0.07) | 0.03 | (0.04) | (0.04) | (0.04) | (0.09) | (0.25) | 9.31 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| AVENUE SUPERMARTS LIMITED | 2,33,832 | 76.3 | 9.56 | 44.9 | 12.1 | 15.9 | 23.3 | 8.1 |
| VISHAL MEGA MART LIMITED | 45,361 | 50.8 | 6.12 | 22.8 | 11.3 | 12.7 | — | 15.5 |
| ELECTRONICS MART IND LTD | 7,490 | 36.3 | 4.61 | 18.4 | 6.6 | 5.0 | — | 10.0 |
| VMART RETAIL LTD | 6,546 | 47.3 | 6.88 | — | 13.0 | 9.8 | — | 15.0 |
| SHOPPERS STOP LIMITED | 4,218 | — | 14.49 | 5.7 | (12.4) | (1.7) | 23.6 | 14.9 |
| PATEL RETAIL LIMITED | 778 | 17.9 | 2.14 | — | 10.7 | 12.8 | — | 6.4 |
| SPENCER S RETAIL LIMITED | 244 | — | — | 94.6 | 27.3 | (135.8) | (5.8) | 2.0 |
| JAY AMBE SUPERMARKETS LIMITED | 110 | 11.5 | — | — | — | 15.1 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.9 | 30.6 | 1 of 9 | 100% |
| P/B | 0.4 | 4.6 | 2 of 9 | 88% |
| ROCE | 50.3 | 7.4 | 1 of 12 | 100% |
| ROE | 45.1 | 10.7 | 1 of 9 | 100% |
| Debt / Equity | 0.0 | 0.2 | 1 of 9 | 88% |
| EBITDA margin | 6211.1 | 12.4 | 1 of 10 | 100% |
| Profit growth | 25852.8 | 31.5 | 1 of 10 | 100% |
| Market cap | 10 | 511 | 12 of 12 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 26 Sept 2026 · AGM Scrutinizer Report - All 3 Resolutions Passed With Requisite Majority | compliance | minimal | — | — |
| 25 Sept 2026 · 16th AGM of Shanti Guru Industries held on Sep 25, 2026 via video call | board shareholder meetings | low | — | — |
| 1 Sept 2026 · 16th AGM on Sept 25; company swings to profit, no dividend, new director votes | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Promoter group director acquires 1.71 lakh shares via open market | ownership changes | high | — | — |
| 13 Jul 2026 · Compliance filing for share dematerialization certificate Q1 FY27 | compliance | minimal | — | — |
| 27 May 2026 · Audited results for the financial year ended 31st March 2026 together with the 2nd half year results for period ended 31.03.2026 of SHANTI GURU INDUSTRIES LIMITED is attached | results | high | — | — |
| 18 May 2026 · board meeting to consider financial results for the financial year 2025-26 | results | low | — | — |
| 18 May 2026 · Shanti Guru Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve 1. To consider audited .... | results | high | — | — |
| 26 Apr 2026 · The company''s website name has been changed to www.shantiguruindustries.com kindly update the same under corporate information in bseindia.com website | general | minimal | — | — |
| 23 Apr 2026 · Refund application along with NOCs are submittted | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.