



Capital Goods | Small Cap
Shanthi Gears Ltd. demonstrates a very strong financial profile, anchored by exceptional profitability and a complete absence of debt. The company is highly effective at converting revenue into profit and generates excellent returns for its investors. Its standout feature is its solvency; being debt-free provides incredible financial stability and insulates it from interest rate risks. The company also maintains a healthy cash position to meet its short-term needs. However, a key area of concern is its operational efficiency, as it takes a notably long time to sell inventory and collect payments from customers. While historical growth has been very strong, future forecasts indicate a potential slowdown and even a contraction in revenue, posing a significant risk. Planned increases in capital spending suggest investment in future capacity, but could strain cash flow in the near term.
Shanthi Gears Ltd. demonstrates a very strong financial profile, anchored by exceptional profitability and a complete absence of debt. The company is highly effective at converting revenue into profit and generates excellent returns for its investors. Its standout feature is its solvency; being debt-free provides incredible financial stability and insulates it from interest rate risks. The company also maintains a healthy cash position to meet its short-term needs. However, a key area of concern is its operational efficiency, as it takes a notably long time to sell inventory and collect payments from customers. While historical growth has been very strong, future forecasts indicate a potential slowdown and even a contraction in revenue, posing a significant risk. Planned increases in capital spending suggest investment in future capacity, but could strain cash flow in the near term.
Overall Valuation Score
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P/E RATIO (TTM)
53.12
Industry Median
29.13
Small Cap Median
28.47
P/E RATIO
53.12
P/B RATIO
9.24
Industry Median
3.32
Small Cap Median
3.16
P/S RATIO
7.84
Industry Median
1.69
Small Cap Median
1.59
Others
PEG RATIO
1.66
EV/EBITDA RATIO
33.57
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹530.65 as on Sep 1, 2026.
The company's growth profile presents a mixed picture. Based on a weighted average that emphasizes recent performance, its historical growth in revenue, profit, and earnings has been excellent. This reflects a period of strong business expansion and market success. However, a significant point of concern arises from future projections, which were heavily factored into the calculation. These forecasts predict a sharp slowdown and even a contraction in business activity, suggesting the past high-growth phase may be ending and a challenging period could be ahead.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 56.02 | 32.34 | 20.18 | 12.87 | -14.21 |
| Operating Profit Growth Rate | 122.22 | 50 | 13.33 | 26.47 | -19.38 |
| Earnings Per Share (EPS) Growth | 110.65 | 57.76 | 22.65 | 16.79 | -20.21 |
| Asset Growth Rate | 4.92 | 10.56 | 17.51 | 13.77 | 10.32 |
| Net Income Growth Rate | 110 | 59.52 | 22.39 | 17.07 | -19.79 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | SHARDAMOTR | 9.08 | 14.70 | Undervalued | 419.00 | 59.50 | 345.00 |
| 2 | NDRAUTO | 8.74 | 27.74 | Overvalued | 91.00 | 22.30 | 62.00 |
| 3 | SWARAJENG | 8.61 | 21.90 | Neutral | 272.00 | 161.57 | 196.00 |
| 4 | SUBROS | 8.41 | 28.22 | Neutral | 324.00 | 25.41 | 166.00 |
| 5 | AUTOAXLES | 8.41 | 15.55 | Undervalued | 237.00 | 108.77 | 164.00 |
| 6 | SJS | 8.25 | 46.13 | Neutral | 270.00 | 41.23 | 172.00 |
| 7 | JTEKTINDIA | 8.11 | 41.22 | Overvalued | 183.00 | 2.77 | 90.00 |
| 8 | SHANTIGEAR | 8.02 | 53.12 | Highly Overvalued | 104.00 | 9.99 | 77.00 |
| 9 | RML | 7.99 | 28.73 | Neutral | 340.00 | 40.32 | 107.00 |
| 10 | RAJRATAN | 7.93 | 35.97 | Overvalued | 140.00 | 8.82 | 70.00 |
| 11 | WHEELS | 7.87 | 24.30 | Neutral | 413.00 | 56.71 | 158.00 |
| 12 | FMGOETZE | 7.77 | 20.37 | Neutral | 303.00 | 30.36 | 178.00 |
| 13 | SANDHAR | 7.69 | 19.79 | Neutral | 438.00 | 29.76 | 199.00 |
| 14 | ALICON | 7.28 | 31.29 | Highly Undervalued | 195.00 | 20.03 | 34.00 |
| 15 | DIVGIITTS | 6.88 | 82.66 | Highly Overvalued | 70.00 | 15.34 | 47.00 |
| 16 | ROLEXRINGS | 6.82 | 34.49 | Neutral | 230.00 | 5.18 | 141.00 |
| 17 | LUMAXIND | 6.67 | 34.81 | Neutral | 405.00 | 156.72 | 172.00 |
| 18 | SSWL | 6.47 | 29.52 | Undervalued | 510.00 | 12.86 | 190.00 |
| 19 | INDNIPPON | 6.42 | 21.82 | Neutral | 119.00 | 49.18 | 111.00 |
| 20 | GREAVESCOT | 6.39 | 43.00 | Overvalued | 239.00 | 8.59 | 35.00 |
| 21 | PRECAM | 5.94 | 22.81 | Neutral | 68.00 | 0.61 | 51.00 |
| 22 | JAMNAAUTO | 5.91 | 20.91 | Neutral | 396.00 | 6.23 | 231.00 |
| 23 | TALBROAUTO | 5.85 | 24.35 | Neutral | 137.00 | 13.58 | 104.00 |
| 24 | RICOAUTO | 5.33 | 34.15 | Neutral | 223.00 | 2.02 | 52.00 |
| 25 | SUNCLAY | 4.89 | 11.33 | Undervalued | 106.00 | 250.49 | 252.00 |
| 26 | IGARASHI | 3.89 | 109.08 | Overvalued | 83.00 | 3.86 | 12.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
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Volume Score
Strong Bearish
Bearish
Neutral
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Strong Bullish
Strong Bearish
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Quarterly Report⬤22nd Jan 26
Quarterly Financial Results Q3 FY 2025-26
NEUTRAL SENTIMENT
No Stock News Available at This Moment.
Shanthi Gears Ltd., a subsidiary of Tube Investments of India Ltd (part of Murugappa Group), is a leading manufacturer of gears, gear boxes, and gear assemblies. It caters to diverse industries including cement, steel, sugar, power, and textile, known for its precision engineering and robust product range. The company provides customized gearing solutions.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Shanthi Gears Ltd's P/E ratio (TTM) is 53.12, compared to the industry median of 29.13 and large cap median of 28.47.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Shanthi Gears Ltd's P/B ratio is 9.24, compared to the industry median of 3.32 and large cap median of 3.16.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Shanthi Gears Ltd's P/S ratio is 7.84, compared to the industry median of 1.69 and large cap median of 1.59.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Shanthi Gears Ltd's PEG ratio is 1.66.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Shanthi Gears Ltd's EV/EBITDA ratio is 33.57.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Shanthi Gears Ltd's ROE is 17.50%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Shanthi Gears Ltd's ROA is 18.71%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Shanthi Gears Ltd's ROCE is 26%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Shanthi Gears Ltd's operating margin is 20.04%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Shanthi Gears Ltd's net margin is 14.84%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Shanthi Gears Ltd's current ratio is 3.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Shanthi Gears Ltd's debt-to-equity ratio is 0.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Shanthi Gears Ltd's interest coverage ratio is 111.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Shanthi Gears Ltd's DPS is ₹5.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Shanthi Gears Ltd's EPS is -20.21.
(Source line: "Ratios as of 01 Sept 2026, based on last traded price of ₹530.65. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1972
Headquarters: Coimbatore, Tamil Nadu
Core Offerings: Gears, Gear Boxes, Geared Motors, Gear Assemblies, Power Transmission Solutions
Stock Listing: NSE (SHANTIGEAR), BSE (522034)
Promoter: Murugappa Group (through Tube Investments of India Ltd.)
1972: Incorporated in Coimbatore, Tamil Nadu. 1984: Became a public limited company. 2012: Acquired by Tube Investments of India Limited (TII), making it a part of the Murugappa Group, which significantly strengthened its market position and access to resources. Present: Continues as a leader in industrial gearing solutions, focusing on precision engineering and diverse sector applications.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Gears, Gear Boxes and Geared Motors | 100% | N/A (single reportable segment) |
Gears & Gear Boxes: Manufactures a wide range of standard and custom-built gears, gearboxes, and geared motors for various industrial applications.
Applications: Caters to critical power transmission needs in industries such as cement, steel, sugar, textile, material handling, power, and mining.
Custom Solutions: Specializes in offering customized gearing solutions, leveraging comprehensive in-house facilities for design, manufacturing, heat treatment, and testing.
Mr. M. A. M. Arunachalam (Chairman): A Director of Tube Investments of India Ltd, he holds leadership positions across various Murugappa Group companies. Mr. M. S. E. Raghunathan (Whole-time Director & CEO): Possesses over three decades of experience in manufacturing, operations, and strategic planning within the Murugappa Group.
No major subsidiaries reported.
Bonus Issue: 1:1 in 2017. No other major recent corporate actions on record.
The Shanthi Gears Ltd share price today is ₹530.65 on NSE (SHANTIGEAR), as of 09 Sept 2026.
As of 01 Sept 2026, Shanthi Gears Ltd share price is ₹530.65, with previous close ₹530.65. Today's range is ₹530.65 to ₹530.65. The 52-week range is ₹530.65 to ₹530.65.
As of today, Shanthi Gears Ltd's market cap is ₹4,070.09 crore (Small Cap).
Shanthi Gears Ltd's current P/E ratio is 53.12, compared to the AUTOMOBILES & AUTO COMPONENTS sector average of 48.
Shanthi Gears Ltd's current P/B ratio is 9.24.
Shanthi Gears Ltd's current dividend yield is 0.94%. Last dividend of ₹2.50 per share was declared on 02-Aug-2024.
Shanthi Gears Ltd's EPS (TTM) is ₹-20.21.
Shanthi Gears Ltd., a subsidiary of Tube Investments of India Ltd (part of Murugappa Group), is a leading manufacturer of gears, gear boxes, and gear assemblies. It caters to diverse industries including cement, steel, sugar, power, and textile, known for its precision engineering and robust product range. The company provides customized gearing solutions.
Shanthi Gears Ltd is promoted by Murugappa Group (through Tube Investments of India Ltd.), holding 70.47% as of 01 Sept 2026.
Shanthi Gears Ltd is listed on NSE (SHANTIGEAR) and BSE (522034). Its next quarterly results are expected on Mid-July 2024.