SHANTHI GEARS LTD (SHANTIGEAR) financials

SHANTHI GEARS LTD (SHANTIGEAR) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Shanthi Gears Ltd is in the business of design, manufacture, supply and servicing of gears and gear boxes.[1]

Market Cap: ₹3,832Cr.
Current Price: ₹500
Stock P/E: 57.0
ROE: 19.0%
ROCE: 25.6%
Book Value: ₹57.4
Dividend Yield: 0.98%
52W High / Low: ₹743/384

In Jun 2026, SHANTHI GEARS LTD (SHANTIGEAR) reported sales ₹115.49 Cr and net profit ₹9.85 Cr.

Annual TTM: sales ₹499 Cr, net profit ₹64 Cr.

Shareholding: Promoters 73.16% (Sep 2026), FIIs 0.18% (Sep 2026), DIIs 0.24% (Sep 2026), Public 26.42% (Sep 2026), No. of Shareholders 28,374% (Sep 2026).

SHANTIGEAR quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	155.08	157.51	153.21	134.89	131.91	116.82	135.10	115.49
Expenses	120.92	122.56	122.24	104.38	105.39	93.83	111.21	100.31
Operating Profit	34.16	34.95	30.97	30.51	26.52	22.99	23.89	15.18
OPM %	22.03%	22.19%	20.21%	22.62%	20.10%	19.68%	17.68%	13.14%
Other Income	3.37	3.89	4.01	3.77	5.94	2.51	2.63	4.16
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11
Depreciation	3.23	3.41	3.57	3.66	3.78	3.91	4.71	5.06
Profit before tax	34.30	35.43	31.41	30.62	28.68	21.59	21.81	14.17
Tax %	25.28%	25.83%	28.49%	25.90%	25.00%	25.01%	25.40%	30.49%
Net Profit	25.63	26.28	22.46	22.69	21.51	16.19	16.27	9.85
EPS in Rs	3.34	3.43	2.93	2.96	2.80	2.11	2.12	1.28
Raw PDF	—	—	—	—	—	—	—	—

SHANTIGEAR profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	242	216	337	446	536	605	519	499
Expenses	208	189	277	355	434	475	414	411
Operating Profit	35	27	60	90	102	129	104	89
OPM %	14%	12%	18%	20%	19%	21%	20%	18%
Other Income	7	8	9	11	21	15	15	15
Interest	0	0	0	0	1	0	0	0
Depreciation	8	9	10	11	13	13	16	17
Profit before tax	33	26	59	90	110	130	103	86
Tax %	23%	23%	28%	26%	25%	26%	25%	—
Net Profit	25	20	42	67	82	96	77	64
EPS in Rs	3.28	2.63	5.54	8.74	10.72	12.52	9.99	8.31
Dividend Payout %	61%	57%	45%	57%	47%	40%	50%	—

SHANTIGEAR balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	8	8	8	8	8	8	8	8
Reserves	294	221	229	252	295	338	395	432
Borrowings	0	0	0	0	0	0	0	0
Other Liabilities	51	54	88	81	75	97	101	116
Total Liabilities	353	283	325	341	377	443	504	556
Fixed Assets	59	60	74	66	70	72	79	106
CWIP	0	6	0	3	2	4	5	26
Investments	124	79	47	50	57	45	88	75
Other Assets	170	138	205	221	248	321	332	348
Total Assets	353	283	325	341	377	443	504	556

SHANTIGEAR cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	27	56	31	35	63	36	91	70
Cash from Investing Activity	40	24	-18	-16	-26	-12	-38	-45
Cash from Financing Activity	-49	-98	-12	-19	-23	-39	-38	-38
Net Cash Flow	18	-18	1	-1	14	-14	14	-14
Free Cash Flow	16	38	16	30	48	18	67	17
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	90%	182%	131%	83%	94%	61%	96%	95%

SHANTIGEAR shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	70.47%	70.47%	70.47%	70.47%	70.47%	70.47%	70.47%	73.16%
FIIs	3.25%	3.23%	3.26%	3.22%	3.16%	3.13%	3.13%	0.18%
DIIs	0.73%	0.75%	0.48%	0.28%	0.23%	0.23%	0.23%	0.24%
Public	25.54%	25.55%	25.78%	26.03%	26.14%	26.16%	26.16%	26.42%
No. of Shareholders	27,759	28,497	29,010	29,461	30,013	28,913	28,529	28,374

SHANTIGEAR key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	85	58	80	78	56	80	83	81
Inventory Days	237	192	275	141	113	121	103	168
Days Payable	105	95	193	97	73	79	80	108
Cash Conversion Cycle	218	154	163	122	96	123	106	142
Working Capital Days	135	104	87	69	56	135	88	107
ROCE %	13%	12%	11%	24%	32%	33%	35%	26%

SHANTIGEARUpdated 22 Oct 2026, 13:07

Shanthi Gears Ltd

SHANTIGEARUpdated 22 Oct 2026, 13:07

Market Cap

₹3,832Cr.

Current Price

₹500

High / Low

₹743/384

Stock P/E

57.0

Book Value₹57.4

Dividend Yield0.98%

ROCE25.6%

ROE19.0%

Face Value₹1.00

About

Shanthi Gears Ltd is in the business of design, manufacture, supply and servicing of gears and gear boxes.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	121.45	0	98.35	3.99	2.97	24.12	24.88	18.12	2.36
Sep 2023	135.42	0	106.69	3.94	3.01	29.66	29.13	21.02	2.74
Dec 2023	125.54	0	102.19	3.61	3.01	23.95	27.22	17.43	2.27
Mar 2024	153.64	0	127.03	9.52	4.22	31.91	19.52	25.68	3.35
Jun 2024	138.82	0	110.17	3.39	3.09	28.95	25.18	21.66	2.82
Sep 2024	155.08	0	120.92	3.37	3.23	34.3	25.28	25.63	3.34
Dec 2024	157.51	0	122.56	3.89	3.41	35.43	25.83	26.28	3.43
Mar 2025	153.21	0	122.24	4.01	3.57	31.41	28.49	22.46	2.93
Jun 2025	134.89	0	104.38	3.77	3.66	30.62	25.9	22.69	2.96
Sep 2025	131.91	0	105.39	5.94	3.78	28.68	25	21.51	2.8
Dec 2025	116.82	0	93.83	2.51	3.91	21.59	25.01	16.19	2.11
Mar 2026	135.1	0	111.21	2.63	4.71	21.81	25.4	16.27	2.12
Jun 2026	115.49	0.11	100.31	4.16	5.06	14.17	30.49	9.85	1.28

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	155	0	136	12	17	13	29	9	1.14
Mar 2016	164	0	134	9	17	23	23	18	2.17
Mar 2017	183	0	147	11	18	28	21	23	2.75
Mar 2018	214	0	177	12	16	33	14	29	3.5
Mar 2019	242	0	200	12	11	42	21	33	4.08
Mar 2020	242	0	208	7	8	33	23	25	3.28
Mar 2021	216	0	189	8	9	26	23	20	2.63
Mar 2022	337	0	277	9	10	59	28	42	5.54
Mar 2023	446	0	355	11	11	90	26	67	8.74
Mar 2024	536	1	434	21	13	110	25	82	10.72
Mar 2025	605	0	475	15	13	130	26	96	12.52
Mar 2026	519	0	414	15	16	103	25	77	9.99
TTM	499	0	411	15	17	86	—	64	8.31

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	73.16%
FIIs	0.18%
DIIs	0.24%
Public	26.42%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	70.47%	3.44%	0.58%	25.51%
Mar 2024	70.47%	3.49%	0.49%	25.54%
Jun 2024	70.47%	3.46%	0.51%	25.56%
Sep 2024	70.47%	3.29%	0.73%	25.5%
Dec 2024	70.47%	3.25%	0.73%	25.54%
Mar 2025	70.47%	3.23%	0.75%	25.55%
Jun 2025	70.47%	3.26%	0.48%	25.78%
Sep 2025	70.47%	3.22%	0.28%	26.03%
Dec 2025	70.47%	3.16%	0.23%	26.14%
Mar 2026	70.47%	3.13%	0.23%	26.16%
Jun 2026	70.47%	3.13%	0.23%	26.16%
Sep 2026	73.16%	0.18%	0.24%	26.42%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	8	263	36	306	82	4	16	205	306
Mar 2016	8	276	34	318	66	0	63	189	318
Mar 2017	8	298	41	348	65	1	70	212	348
Mar 2018	8	310	42	360	57	0	114	189	360
Mar 2019	8	294	51	353	59	0	124	170	353
Mar 2020	8	221	54	283	60	6	79	138	283
Mar 2021	8	229	88	325	74	0	47	205	325
Mar 2022	8	252	81	341	66	3	50	221	341
Mar 2023	8	295	75	377	70	2	57	248	377
Mar 2024	8	338	97	443	72	4	45	321	443
Mar 2025	8	395	101	504	79	5	88	332	504
Mar 2026	8	432	116	556	106	26	75	348	556

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-6	10	-5	-1
Mar 2016	46	-43	-5	-2
Mar 2017	14	-13	0	1
Mar 2018	42	-26	-17	-1
Mar 2019	27	40	-49	18
Mar 2020	56	24	-98	-18
Mar 2021	31	-18	-12	1
Mar 2022	35	-16	-19	-1
Mar 2023	63	-26	-23	14
Mar 2024	36	-12	-39	-14
Mar 2025	91	-38	-38	14
Mar 2026	70	-45	-38	-14

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	87	86	92	95	85	58	80	78	56	80	83	81
Inventory Days	371	403	397	238	237	192	275	141	113	121	103	168
Days Payable	134	129	132	96	105	95	193	97	73	79	80	108
Cash Conversion Cycle	325	359	357	237	218	154	163	122	96	123	106	142
Working Capital Days	180	308	317	230	135	104	87	69	56	135	88	107
ROCE %	5%	8%	10%	10%	13%	12%	11%	24%	32%	33%	35%	26%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of SHANTHI GEARS LTD (SHANTIGEAR)?

The reported market capitalisation for SHANTHI GEARS LTD (SHANTIGEAR) is ₹3,832Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of SHANTIGEAR?

The current price shown for SHANTHI GEARS LTD (SHANTIGEAR) on Fincrux is ₹500 with a 52-week high/low of ₹743/384.

What is the P/E ratio of SHANTHI GEARS LTD (SHANTIGEAR)?

The stock P/E for SHANTHI GEARS LTD (SHANTIGEAR) is 57.0 on Fincrux, with ROE at 19.0% and ROCE at 25.6%.

What were SHANTIGEAR latest quarterly results?

For Jun 2026, SHANTHI GEARS LTD (SHANTIGEAR) reported sales ₹115.49 Cr and net profit ₹9.85 Cr (figures in ₹ crore unless noted).

What are SHANTIGEAR annual sales and net profit?

For TTM, SHANTHI GEARS LTD (SHANTIGEAR) shows sales of ₹499 Cr and net profit of ₹64 Cr on the Fincrux profit & loss statement.

Who owns SHANTHI GEARS LTD (SHANTIGEAR)?

Latest shareholding for SHANTHI GEARS LTD (SHANTIGEAR) on Fincrux: Promoters 73.16% (Sep 2026), FIIs 0.18% (Sep 2026), DIIs 0.24% (Sep 2026), Public 26.42% (Sep 2026), No. of Shareholders 28,374% (Sep 2026).

Where can I find SHANTHI GEARS LTD (SHANTIGEAR) financials?

SHANTHI GEARS LTD (SHANTIGEAR) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show SHANTIGEAR balance sheet and cash flow?

Yes. The SHANTHI GEARS LTD (SHANTIGEAR) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 13:07