Shanthi Gears Limited

Capital Goods · Industrial Manufacturing

NSE: SHANTIGEAR BSE: 522034

₹579.90

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Manufacturing

The largest companies in the same industry by market cap. This company ranks #25 of 140. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Mazagon Dock Shipbuilders Limited	85,234	33.7	27.6%	-25.6%	—	92	3	9
Aditya Infotech Limited	45,331	144.6	19.6%	189.1%	0.04%	79	0	86
Cochin Shipyard Limited	34,595	58.5	12.2%	-29.4%	—	78	1	12
Syrma SGS Technology Limited	34,380	102.2	11.3%	121.7%	0.08%	70	33	89
Honeywell Automation India Limited	29,584	53.7	11.8%	-7.0%	0.33%	68	0	62
Jyoti CNC Automation Limited	23,649	58.2	16.8%	18.4%	—	80	6	52
Kaynes Technology India Limited	23,469	84.7	7.6%	-51.1%	—	50	7	49
LMW Limited	18,014	92.2	4.6%	16.2%	0.21%	68	0	29
Shanthi Gears Limited (this stock)	4,449	69.7	17.4%	10.6%	0.86%	66	0	48

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹4,447 Cr

EV / EBITDA

42.8x

EV / Sales

8.91x

Market cap / Sales

8.91x

Earnings yield

1.43%

Quarterly Financials

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Standalone Consolidated

↓ Negative

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 120 Cr, down 13.7% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 10 Cr, down 56.6% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	115	14	10	₹1.2800
March 31, 2026	135	22	16	₹2.1200
Dec. 31, 2025	117	22	16	₹2.1100
Sept. 30, 2025	132	29	22	₹2.8100
June 30, 2025	135	31	23	₹2.9600
March 31, 2025	153	31	22	₹2.9300
Dec. 31, 2024	158	35	26	₹3.4300
Sept. 30, 2024	155	34	26	₹3.3400
June 30, 2024	139	29	22	₹2.8200
March 31, 2024	154	32	26	₹3.3500
Dec. 31, 2023	126	24	17	₹2.2700
Sept. 30, 2023	135	30	21	₹2.7400
June 30, 2023	121	24	18	₹2.3600

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	120	141	121	138	139	157	161	158	142	163	129	139	125
Operating revenue	115	135	117	132	135	153	158	155	139	154	126	135	121
Other income	4	6	4	6	4	4	4	3	3	10	4	4	4
Operating expenses	100	111	94	105	104	122	—	—	—	—	—	—	—
Operating profit	15	24	23	27	31	31	—	—	—	—	—	—	—
Operating profit margin	13.1%	17.7%	19.7%	20.1%	22.6%	20.2%	—	—	—	—	—	—	—
Depreciation	5	5	4	4	4	4	3	3	3	4	3	3	3
Interest	0	0	0	0	0	0	—	—	—	—	—	—	—
Exceptional items, gain / (loss)	—	-3	-2	—	—	—	—	—	—	—	—	—	—
Profit before tax	14	22	22	29	31	31	35	34	29	32	24	30	24
Tax	4	6	5	7	8	9	9	9	7	6	7	9	6
Net profit	10	16	16	22	23	22	26	26	22	26	17	21	18
EPS	1.28	2.12	2.11	2.81	2.96	2.93	3.43	3.34	2.82	3.35	2.27	2.74	2.36
Net profit (TTM)	64	77	83	93	97	96	99	90	86	82	76	76	72
EPS (TTM)	8.32	10.00	10.81	12.13	12.66	12.52	12.94	11.78	11.18	10.72	9.91	9.93	9.35

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	519	103	77
March 31, 2025	605	130	96
March 31, 2024	536	110	82
March 31, 2023	446	90	67

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	5.6%	19.2%	538^†	619^†	557^†	457^†	346^†	224^†	249^†	255^†	231^†	215^†
Operating revenue	5.2%	19.2%	519	605	536	446	337^†	216^†	242^†	243^†	220^†	204^†
Other income	—	—	20^†	15^†	21^†	11^†	9^†	8^†	7^†	12^†	12^†	11^†
Operating expenses	—	—	415^†	—	—	—	—	—	—	—	—	—
Operating profit	—	—	104^†	—	—	—	—	—	—	—	—	—
Operating profit margin	—	—	20.0%^†	—	—	—	—	—	—	—	—	—
Depreciation	—	—	16^†	13^†	13^†	11^†	10^†	9^†	8^†	11^†	16^†	—
Interest	—	—	0^†	—	—	—	—	—	—	—	—	—
Exceptional items, gain / (loss)	—	—	-5^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	4.4%	31.5%	103	130	110	90	59^†	26^†	33^†	42^†	33^†	28^†
Tax	—	—	26^†	34^†	27^†	23^†	16^†	6^†	8^†	9^†	5^†	6^†
Net profit	4.6%	30.6%	77	96	82	67	42^†	20^†	25^†	33^†	29^†	23^†
EPS	4.6%	30.7%	10.00^†	12.52^†	10.72^†	8.74^†	5.53^†	2.62^†	3.27^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	20.0%^†	—	—	—	—	—	—	—	—	—
EBIT margin	19.8%^†	—	—	—	—	—	—	—	—	—
PBT margin	19.8%	21.5%	20.5%	20.2%	17.4%^†	12.1%^†	13.5%^†	17.5%^†	15.1%^†	14.0%^†
Net margin	14.8%	15.9%	15.3%	15.0%	12.6%^†	9.4%^†	10.4%^†	13.7%^†	13.0%^†	11.0%^†
Interest coverage	—	—	—	—	—	—	—	—	—	—
Dividend payout	50.0%^†	39.9%^†	46.6%^†	34.3%^†	45.2%^†	57.3%^†	91.7%^†	—	—	—
Earnings retention	50.0%^†	60.1%^†	53.4%^†	65.7%^†	54.8%^†	42.7%^†	8.3%^†	—	—	—
Current ratio	3.71x	3.80x	—	—	—	—	—	—	—	—
Quick ratio	2.66x	3.00x	—	—	—	—	—	—	—	—
Debt to equity	0.00x	0.00x	—	—	—	—	—	—	—	—
Return on equity	17.4%	23.8%	—	—	—	—	—	—	—	—
Return on assets	13.8%	19.0%	—	—	—	—	—	—	—	—
Return on capital employed	22.9%^†	—	—	—	—	—	—	—	—	—
Asset turnover	0.93x	1.20x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	70	-45	-38	53	17
March 31, 2025	91	-38	-38	24	66
March 31, 2024	36	-12	-38	20	16
March 31, 2023	63	-26	-23	15	48
March 31, 2022	0	-0	-0	0	0

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	556	440	432	0	0	400	108	1	98	113
March 31, 2025	504	403	395	0	0	382	100	15	71	80
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.