Shanti Gold International Limited
394.30
INR
-4.90
(-1.23%)
Shanti Gold International Limited
NSE:SHANTIGOLD
(National Stock Exchange of India)
Recent
price
394.30
P/E
ratio
7.87
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Shanti Gold International Ltd engages in the design, manufacture and wholesale of high-quality 22kt cubic zirconia (CZ) casting gold jewellery, operating primarily in a B2B model with an installed production capacity of 2,700 kg per annum. The company offers a wide range of intricately designed products including bangles, rings, necklaces, chokers, pendants, chand balis, jhumkas and complete jewellery sets across various price points for weddings, festive occasions and daily wear; it maintains an in-house team of approximately 79 designers developing over 400 new designs monthly using CAD technology. Founded in 2003 as a partnership firm by promoters Pankajkumar H. Jagawat and Manojkumar N. Jain, both with over 20 years of experience in the jewellery industry, the company is headquartered in Mumbai, India, with manufacturing facilities in Andheri East, Mumbai (13,448.86 sq. ft.) and additional operations in Hyderabad. Shanti Gold International serves customers across 15 states in India through branches in Hyderabad, Chennai, Visakhapatnam, Coimbatore, Bangalore, Indore and Gujarat, while exporting to the United States, United Arab Emirates, Qatar and Singapore; it maintains strong relationships with leading retailers such as Joyalukkas and Lalitha Jewellery. In recent developments, the company listed on the National Stock Exchange via an initial public offering in July 2025, raising approximately Rs 360 crore to fund a new manufacturing facility in Jaipur, incremental working capital, debt repayment and general corporate purposes as part of a Rs 46 crore capex pipeline for expansion; it reported robust revenue growth of 55.5% to Rs 1,106.41 crore in FY25 driven by higher gold prices, increased average selling prices and 16-17% higher production volumes.