1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Auto parts: OEM
Shanthi Gears Limited

Shanthi Gears Limited

499.55
INR
-9.90
(-1.94%)
8.47EPS
52.42P/E
34.05BMarket Cap
Oct 26Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
18.45
18.6
19.82
22.07
25.68
28.98
31.04
27.43
43
56.83
68.78
78.08
66.85
65.43
Basic EPS, GAAP
2.25
1.14
2.17
2.75
3.5
4.08
3.28
2.63
5.54
8.74
10.72
12.52
9.99
8.47
Free Cash Flow per Basic Share
2.98
-1.19
5.63
0.94
4.4
1.9
7.24
4
4.56
8.21
4.74
11.85
9.14
- -
Dividend per Share
1.6
0.51
0.5
- -
1.69
5
3
1.5
2.5
3
5.02
5.01
5.01
- -
Book Value per Share
32.6
33.13
34.74
37.49
38.89
36.97
29.8
30.91
33.89
39.41
45.01
52.53
57.36
- -
Tangible Book Value per Share
32.47
33.03
34.7
37.46
38.86
36.91
29.76
30.9
33.86
39.39
44.92
52.48
57.29
- -
Basic Weighted Avg Shares
82
82
82
82
82
82
77
77
77
77
77
77
77
77
Sales/Revenue/Turnover
1,508
1,520
1,620
1,804
2,099
2,368
2,381
2,105
3,299
4,359
5,276
5,990
5,128
5,023
Operating Margin (%)
11
2.13
8.67
9.92
10.2
13.01
11.07
8.92
15.63
18.34
17.78
19.57
17.68
14.98
Depreciation Expense
256
168
167
178
156
106
84
89
104
109
132
133
161
173
Net Income, GAAP
184
93
177
225
286
334
252
202
425
671
823
960
767
650
Effective Tax Rate (%)
29.12
28.91
23.41
21.02
13.84
21.46
22.94
22.63
27.69
25.66
24.98
26.18
25.36
26.3
Profit Margin (%)
12.19
6.13
10.95
12.48
13.62
14.08
10.58
9.58
12.87
15.38
15.59
16.03
14.95
12.94
Working Capital
1,671
1,807
1,899
2,189
2,375
2,186
1,224
1,267
1,589
1,951
2,308
2,815
2,920
- -
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
2,664
2,707
2,839
3,063
3,178
3,021
2,286
2,371
2,600
3,024
3,453
4,030
4,401
- -
Return on Invested Capital (%)
6.8
2.76
6.29
7.51
6.15
8.07
7.81
6.36
15.13
21.25
22.39
23.65
15.51
- -
Return on Capital (%)
7.02
3.47
6.39
7.63
9.16
10.76
9.49
8.66
17.09
23.85
25.4
25.67
18.19
- -
Return on Common Equity (%)
7.02
3.47
6.39
7.63
9.16
10.76
9.49
8.66
17.09
23.85
25.4
25.67
18.19
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
77
77
77
Market Capitalization
36,099
33,088
34,050

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,996
- -
Cash, Cash Equivalents & STI
- -
1,560
- -
Accounts Receivable, Net
- -
1,156
- -
Inventories
- -
1,128
- -
Total Current Liabilities
- -
1,076
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.21%
13.21%
9.2%
Free Cash Flow
61.82%
35.7%
-22.86%
Net Income, GAAP
21.39%
37.54%
-20.17%
Sales/Revenue/Turnover
13.85%
21.81%
-14.39%
Total Cash Common Dividend
- -
30.78%
0.08%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,388
1,551
1,575
1,532
5,990
2026
1,349
- -
1,168
1,351
5,128
2027
1,155
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.82
3.34
3.43
2.93
12.52
2026
2.96
- -
2.11
2.12
9.99
2027
1.28
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
5.01
2026
- -
- -
- -
- -
5.01
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Muthusamy Karunakaran
Full Time Employees
1,435
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
304-A, Trichy Road Coimbatore TN India 641005
IPO Date
Aug 24, 1995
Website
shanthigears.com
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Business
Shanthi Gears Limited, a subsidiary of Tube Investments of India Ltd. within the Murugappa Group, designs, manufactures, supplies, and services a comprehensive range of industrial gears, gearboxes, geared motors, and gear assemblies for power transmission applications; its core products include standard gearboxes such as helical, bevel helical, and worm types; custom-built solutions encompassing gears, pinions, and special-purpose gearboxes; foundry offerings like S.G. iron, grey iron, phosphor bronze, aluminum bronze, leaded bronze, and copper alloy castings; geared motors; and specialized items including extruder gearboxes, cooling tower gearboxes, mill gearboxes, open gearing products for textile industries, CNC machine tools, spiral bevel gears, straight bevel gears, pinion shafts, RF draft gearing units, and doffer drive gearboxes. The company serves diverse industries including process, power, steel, cement, sugar, aviation, and textiles, with operations spanning India, the United States, Europe, and other international markets from its headquarters in Coimbatore, Tamil Nadu, India, where it traces its origins to a modest gear manufacturing unit established in 1969 by P. Subramanian and incorporated as a public limited company in 1972. Recent developments include reporting FY25 audited results with 19% profit before tax growth, 75% free cash flow growth, and a final dividend of Rs. 2 per share despite a Q4 net profit decline; maintaining healthy operating margins around 19-20% into Q1 FY26 supported by high value addition, favorable product mix, and debt-free status since FY2013; and executive changes alongside board meetings for financial approvals in early 2025, reflecting sustained financial strength and operational focus.