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Shanthi Gears Limited

Shanthi Gears Limited

SHANTIGEAR.NS
Shanthi Gears LimitedIN flagNational Stock Exchange of India
441.00
INR
-1.50
- -
33.83BMarket Cap
Shanthi Gears Limited
SHANTIGEAR.NS
(National Stock Exchange of India)

Recent

price

441.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
19.87
21.09
17.59
18.45
18.6
19.82
22.07
25.68
28.98
31.04
27.43
43
56.83
68.78
78.83
- -
78.35
Revenue per Share
3.41
3.44
1.89
2.25
1.14
2.17
2.75
3.5
4.08
3.28
2.63
5.54
8.74
10.72
12.52
- -
12.66
Basic EPS, GAAP
5.17
2.47
5.2
2.98
-1.19
5.63
0.94
4.4
1.9
7.24
4
4.56
8.21
4.74
11.85
- -
- -
Free Cash Flow per Basic Share
1
0.99
1
1.6
0.51
0.5
- -
1.69
5
3
1.5
2.5
3
5.02
5.01
- -
- -
Dividend per Share
1
2.27
2.85
2.7
2.62
2.94
4.96
5.25
3.3
3.12
4.24
7.28
13.02
18.74
26.26
- -
- -
Book Value per Share
28.03
30.27
31.35
32.47
33.03
34.7
37.46
38.86
36.91
29.76
30.9
33.86
39.39
44.92
52.49
- -
- -
Tangible Book Value per Share
82
82
82
82
82
82
82
82
82
77
77
77
77
77
77
- -
77
Basic Weighted Avg Shares
1,623
1,723
1,437
1,508
1,520
1,620
1,804
2,099
2,368
2,381
2,104
3,299
4,359
5,276
6,046
5,187
6,007
Sales/Revenue/Turnover
27.59
22.42
10.47
11
2.13
8.67
9.92
10.2
13.01
11.07
8.92
15.63
18.34
17.78
19.09
16.94
19.43
Operating Margin (%)
268
271
286
256
168
167
178
156
106
84
89
104
109
132
133
161
139
Depreciation Expense
279
281
155
184
93
177
225
286
334
252
202
425
670
822
960
767
971
Net Income, GAAP
36.33
32.38
29.9
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
26.34
Effective Tax Rate (%)
17.16
16.32
10.76
12.19
6.13
10.95
12.48
13.62
14.08
10.58
9.58
12.87
15.38
15.59
15.88
14.78
16.16
Profit Margin (%)
821
1,125
1,435
1,671
1,807
1,899
2,189
2,375
2,186
1,224
1,267
1,589
1,951
2,308
2,814
2,920
- -
Working Capital
39
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,292
2,478
2,576
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
- -
Total Equity
12.15
10.75
4.12
4.48
0.86
3.88
4.81
5.95
7.86
7.72
6.29
15.09
21.19
21.97
23.27
15.72
- -
Return on Invested Capital (%)
124.44
164.96
68.2
81.04
42.83
78.07
69.81
68.57
95.52
99.04
71.45
96.08
86.1
67.51
55.64
73.33
1,234.26
Return on Capital (%)
340.96
210.7
74.02
81.04
42.83
78.07
69.81
68.57
95.52
99.04
71.45
96.08
86.1
67.51
55.64
73.33
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
77
- -
Market Capitalization
38,898
36,109
37,689

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
3,819
- -
Cash, Cash Equivalents & STI
- -
1,542
- -
Accounts Receivable, Net
- -
1,372
- -
Inventories
- -
804
- -
Total Current Liabilities
- -
1,005
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
13.98%
22.06%
-14.21%
Total Cash Common Dividend
- -
30.78%
0.08%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,214
1,354
1,255
1,452
5,276
2025
1,388
1,551
1,575
1,532
6,046
2026
1,349
1,168
1,351
- -
5,187

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.36
2.74
2.27
- -
10.72
2025
2.82
3.34
3.43
2.93
12.52
2026
2.96
2.11
2.12
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.02
2025
- -
- -
- -
- -
5.01
2026
- -
- -
- -
- -
- -
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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.