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Shanthi Gears SHANTIGEAR.NS · INR

Industrials · NSE · 🇮🇳 India

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496.10

+1.28%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹5.19bn

FY2017FY2026

Net income

₹766.6m

FY2017FY2026

Free cash flow

₹253.7m

FY2017FY2026

Shareholders' equity

₹4.40bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹5.19bn₹6.05bn₹5.36bn₹4.46bn₹3.30bn₹2.16bn₹2.38bn₹2.38bn₹2.10bn₹1.80bn
Research and development——₹24.7m₹29.3m₹22.1m₹20.6m₹21.3m₹22.2m₹12.8m—
Operating income₹878.5m₹2.39bn₹949.7m₹795.6m₹513.1m₹185.4m₹261.6m₹308.0m₹214.0m₹279.4m
Net income₹766.6m₹960.3m₹822.5m₹670.5m₹424.7m₹201.7m₹251.9m₹333.5m₹285.8m₹225.1m
Diluted earnings per share9.9912.5210.748.745.542.623.274.333.492.74

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹5.56bn₹5.04bn₹4.43bn₹3.78bn₹3.41bn₹3.25bn₹2.83bn₹3.53bn₹3.60bn₹3.48bn
Cash and short-term investments₹1.41bn₹1.54bn₹1.07bn₹1.31bn₹944.2m₹746.7m₹643.1m₹1.14bn₹1.50bn₹1.21bn
Total liabilities₹1.16bn₹1.01bn₹974.9m₹755.5m₹808.0m₹882.9m₹544.1m₹505.4m₹422.7m₹412.3m
Debt——−₹247.9m₹188.9m₹273.2m₹214.9m₹175.6m₹120.0m−₹102.2m−₹94.1m
Shareholders' equity₹4.40bn₹4.03bn₹3.45bn₹3.02bn₹2.60bn₹2.37bn₹2.29bn₹3.02bn₹3.18bn₹3.06bn
Shares outstanding77m77m77m77m77m77m77m77m82m82m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹783.5m₹907.9m₹362.5m₹629.5m₹350.1m₹327.7m₹558.2m₹271.6m₹563.0m₹138.1m
Capital spending−₹529.8m−₹243.5m−₹200.0m−₹152.7m−₹56.6m−₹154.0m−₹175.1m−₹116.3m−₹63.2m−₹61.1m
Free cash flow₹253.7m₹664.4m₹162.5m₹476.8m₹293.5m₹173.7m₹383.1m₹155.3m₹499.8m₹77.0m
Dividends paid−₹384.7m−₹384.4m−₹383.9m−₹230.1m−₹191.8m−₹115.1m−₹230.1m−₹408.6m−₹143.0m−₹138.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹1.15bn₹1.35bn₹1.17bn₹1.32bn₹1.35bn₹1.53bn₹1.58bn₹1.55bn
Operating income₹101.2m₹191.8m₹190.8m₹227.4m₹268.5m₹1.51bn₹315.6m₹309.3m
Net income₹98.5m₹162.7m₹161.9m₹215.1m₹226.9m₹224.6m₹262.8m₹256.3m
Diluted earnings per share1.282.122.112.802.962.933.433.35
Cash from operations———₹508.0m—₹907.0m—₹393.0m
Capital spending———−₹193.0m—−₹243.0m—−₹162.0m
Free cash flow———₹315.0m—₹664.0m—₹231.0m
Total assets—₹5.56bn—₹5.26bn—₹5.04bn—₹4.95bn
Cash and short-term investments₹2.16bn₹1.41bn₹1.86bn₹1.72bn₹1.54bn₹1.35bn₹655.2m₹655.2m
Shareholders' equity₹4.40bn₹4.40bn₹4.32bn₹4.32bn₹4.03bn₹4.03bn₹3.77bn₹3.77bn

Financial ratios

Data as of 21 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating margin16.9%39.5%17.7%17.9%15.6%8.6%——
Net margin14.8%15.9%15.3%15.0%12.9%9.4%——
Return on equity17.4%23.8%23.8%22.2%16.3%8.5%——
Return on assets13.8%19.0%18.6%17.7%12.5%6.2%——
Free cash flow yield2.5%2.2%1.1%1.5%0.8%0.9%——
Revenue growth-14.2%12.8%20.3%35.1%53.1%-9.5%——
Earnings growth-20.2%16.8%22.7%57.9%110.6%-19.9%——
Current ratio3.71x3.80x3.38x3.60x2.99x2.49x——
Debt to equity—0.00x-0.07x0.06x0.11x0.09x0.08x—
Equity ratio79.2%79.9%78.0%80.0%76.3%72.9%——
Interest coverage—542.34x182.63x215.03x213.79x77.25x137.68x—
R&D as a share of sales——0.5%0.7%0.7%1.0%0.9%0.9%
Buybacks as a share of market value0.0%-0.1%0.1%0.0%0.3%0.1%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.2%19.2%12.3%
Operating income3.4%36.5%14.3%
Net income4.6%30.6%15.4%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin29.1%23.8%21.5%19.0%
Net margin15.4%15.3%14.5%13.9%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings49.737.547.268.762.356.437.223.137.357.6
Price to sales7.36.07.310.38.05.33.93.25.17.2

Dividends and splits

Per share, in the currency the company pays

Paid for 31 years. Last went ex-dividend on 17 Jul 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year2.005.005.005.003.002.501.503.00
  • 20-for-1 split · 27 Jul 2004

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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