Shanthi Gears Ltd.

BSE: SHANTIGEAR522034ISIN INE631A01022

Industrials
Industrial Products
BSE 1000

BSE listing

Share price

₹700.50+21.70 (+3.20%)

as of 18 Sep 2026

52W high: ₹741.80
52W low: ₹385.70
Off 52W high: -5.57%
1M return: +80.98%
3M return: +55.63%
6M return: +58.66%
1Y return: +24.57%
20D avg volume: 71,870
50 DMA: ₹492.52
200 DMA: ₹463.12

Key ratios Standalone

Market cap: ₹5,374 Cr
Current price: ₹700.50
52W high / low: ₹741.80 / ₹385.70
Face value: ₹1.00
P/E: 84.19
P/B: 14.26
EPS (TTM): ₹8.32
Book value / share: ₹49.12
ROE: 16.93%
ROCE: 22.90%
Operating margin: 16.75%
Net margin: 8.53%
Debt / equity: 0.00
Net debt: ₹-1.33 Cr
Interest cover: —
Dividend yield: 0.71%
Dividend / share (TTM): ₹5.00
Payout: 60.10%
Cash conversion cycle: 109.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	115.49	135.10	116.82	131.91	134.89	153.21	—
	4.16	5.85	4.07	5.94	3.77	4.01	—
	105.48	115.92	97.74	109.17	108.04	125.81	—
	70.87	71.82	59.30	61.50	62.50	67.67	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	19.78	18.42	20.36	20.55	19.35	19.71	—
	0.11	0.00	0.00	0.00	0.00	0.00	—
	5.06	4.71	3.91	3.78	3.66	3.57	—
	20.64	24.21	21.30	22.36	23.60	30.81	—
	14.17	25.03	23.15	28.68	30.62	31.41	—
	0.00	-3.22	-1.56	0.00	0.00	0.00	—
	14.17	21.81	21.59	28.68	30.62	31.41	—
	4.32	5.54	5.40	7.17	7.93	8.95	—
	9.85	16.27	16.19	21.51	22.69	22.46	—
	1.28	2.12	2.11	2.81	2.96	2.93	—
Key metrics
	19.34	26.52	25.50	32.46	34.28	34.98	—
	16.70%	19.60%	21.80%	24.60%	25.40%	22.80%	—
	8.50%	12.00%	13.90%	16.30%	16.80%	14.70%	—
	—	4.90%	—	6.60%	—	7.80%	—
	-14.40%	-11.80%	—	—	—	—	—
	-56.60%	-27.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	499.32	518.72	604.62	—
	20.02	19.63	14.66	—
	428.31	430.87	489.19	—
	263.49	255.12	281.97	—
	0.00	0.00	0.00	—
	79.11	78.68	81.69	—
	0.11	0.00	0.00	—
	17.46	16.06	13.30	—
	88.51	91.47	109.90	—
	91.03	107.48	130.09	—
	-4.78	-4.78	0.00	—
	86.25	102.70	130.09	—
	22.43	26.04	34.06	—
	63.82	76.66	96.03	—
	8.32	9.99	12.52	—
Key metrics
	103.82	118.76	143.39	—
	20.79%	22.90%	23.70%	—
	12.78%	14.80%	15.90%	—
	—	22.90%	32.20%	—
	—	-14.20%	—	—
	—	-20.20%	—	—
	—	17.12	66.44	—
	—	0.91	0.95	—
	—	0.00	0.00	—
	—	-1.33	-15.00	—
	—	109.8	93.4	—
Balance sheet
	—	555.59	504.32	—
	—	399.64	381.91	—
	—	1.33	15.00	—
	—	115.62	137.20	—
	—	112.84	80.40	—
	—	11.10	5.78	—
	—	97.99	71.28	—
	—	72.45	62.70	—
	—	107.62	100.46	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	440.06	402.99	—
Cash flow
	—	70.10	90.79	—
	—	-45.30	-38.00	—
	—	-38.47	-38.44	—
	—	52.98	24.35	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 70.47%

Holder	Type	Holding	Previous	Change
Tube Investments Of India Limited	Promoter	70.46%	—	—
Pacific Assets Trust PLC	Public	2.90%	—	—
Dhanesh S Shah	Public	1.27%	—	—
Durgesh S Shah	Public	1.27%	—	—
Nimesh Sumatilal	Public	1.27%	—	—
Ambadi Investments Limited	Promoter	0.01%	—	—
MV Muthiah Family Trust	Promoter Group	0.00%	—	—
G G Tronics India Private Limited	Promoter Group	0.00%	—	—
AR Lakshmi Achi Trust	Promoter Group	0.00%	—	—
VEDHIKA MEYYAMMAI ARUNACHALAM	Promoter Group	0.00%	—	—
RHODIUS S.A.R.L., France	Promoter Group	0.00%	—	—
CUMI International Ltd	Promoter Group	0.00%	—	—
CG Semi Private Limited	Promoter Group	0.00%	—	—
Karthik Subbiah	Promoter Group	0.00%	—	—
TI Medical Private Limited	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Stepping down of Head Strategic Sourcing15 Sep 2026 · Company Update / General
Appointment of Chief Financial Officer and Head HR3 Sep 2026 · Company Update / Change in Management
Clarification on Price Movement26 Aug 2026 · Company Update / General
The Exchange has sought clarification from Shanthi Gears Ltd on August 25, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant information ....25 Aug 2026 · Company Update / Clarification
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tube Investments of India Ltd21 Aug 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Scrutinizer Report of the 53rd Annual General Meeting held on Wednesday 29th July 202630 Jul 2026 · AGM/EGM / AGM
Newspaper Advertisement of Unaudited Financial Results Published on 30th July 202630 Jul 2026 · Company Update / General
Proceedings of the 53rd Annual General Meeting held on Wednesday, the 29th July 2026 at 04.30 PM29 Jul 2026 · AGM/EGM / AGM
Resignation of Senior Management Personnel29 Jul 2026 · Company Update / Change in Management
Unaudited Standalone Financial Results for the Quarter Ended 30th June, 202629 Jul 2026 · Board Meeting / Outcome of Board Meeting
Shanthi Gears Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2026 ,inter alia, to consider and approve The Unaudited Financial Results ....17 Jul 2026 · Board Meeting / Board Meeting
Appointment of Interim Chief Financial Officer13 Jul 2026 · Company Update / Change in Management
Newspaper Advertisement on the Notice of the 53rd Annual General Meeting and E-voting Information8 Jul 2026 · Company Update / General
53rd Annual Report of Shanthi Gears Limited7 Jul 2026 · Others / Reg. 34 (1) Annual Report
Business Responsibility and Sustainability Report for the Financial Year 2025-266 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
53rd Annual Report of Shanthi Gears Limited6 Jul 2026 · Others / Reg. 34 (1) Annual Report
53rd Annual General Meeting of the Shareholders for the FY 2025-26 to be held on Wednesday the 29th July 2026 at 04.30 PM6 Jul 2026 · AGM/EGM / AGM
Certificate under Reg 74(5) of SEBI (DP) Regulations 20153 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper Publication on the Noice of the 53rd Annual General Meeting26 Jun 2026 · Company Update / General
Trading Window Closure25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Effective date for appointment of Chief Financial Officer of the Company8 Jun 2026 · Company Update / Change in Management
Appointment of Chief Financial Officer of the Company4 Jun 2026 · Company Update / Change in Management
Record Date for the Final Dividend7 May 2026 · Corp. Action / Record Date
Annual Secretarial Compliance Report for the Financial Year ended 31 March 20266 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Newspaper Publication of Financial Results on 06th May 20266 May 2026 · Company Update / General
Resignation of Head Technology of the Company5 May 2026 · Company Update / Change in Management
Retirement and Appointment of Mr. L Ramkumar and Mr. K Ilango as Non - Executive Independent Director of the Company5 May 2026 · Company Update / Change in Directorate
The Board approves Final Dividend for the Financial Year 2025-265 May 2026 · Corp. Action / Dividend
The Audited Financial Results for the Quarter and Year Ended 31st March 20265 May 2026 · Result / Financial Results
Record Date for Final Dividend for the Financial Year 2025-26 is 17th July 20265 May 2026 · Corp. Action / Dividend
The Audited Financial Results For The Quarter And Year Ended 31St March 2026 And Issue Of Dividend subject to shareholders approval at the 53rd Annual General Meeting.5 May 2026 · Board Meeting / Outcome of Board Meeting
Shanthi Gears Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/05/2026 ,inter alia, to consider and approve the audited financial results ....24 Apr 2026 · Board Meeting / Board Meeting
Certificate under Reg 74(5) of SEBI (DP) Regulations 20154 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Trading Window Closure25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Grant of No-Objection from the Stock Exchanges for Re-Classification of Certain Members of Promoter Group20 Mar 2026 · Company Update / General
Resignation of Chief Financial Officer19 Mar 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
Intimation on submission of application for promoter reclassification under regulation 31A(8)(C) of SEBI (LODR) Regulations 201523 Jan 2026 · Company Update / General
Newspaper Publication on 23rd January 202623 Jan 2026 · Company Update / General
Resignation of CFO22 Jan 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
Record Date For Interim Dividend for the Financial Year 2025-26 is 29th January 202622 Jan 2026 · Corp. Action / Record Date

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	17 Jul 2026	17 Jul 2026	—
Interim Dividend - Rs. - 3.0000	29 Jan 2026	29 Jan 2026	—
Final Dividend - Rs. - 2.0000	18 Jul 2025	19 Jul 2025	—
Interim Dividend - Rs. - 3.0000	7 Feb 2025	7 Feb 2025	—
Final Dividend - Rs. - 2.0000	19 Jul 2024	—	—

Board meetings

29 Jul 2026 Board Meeting - Financial Results