Shanthi Gears financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹128cr−3.0% on Q2 FY26
Net profit
₹15.7cr−27.0% on Q2 FY26
EBITDA margin
17.7%−2.4 pts on Q2 FY26
EPS
₹2.05−27.0% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue128132−3.0%
EBITDA22.726.5−14.4%
EBITDA margin17.7%20.1%−2.4 pts
Profit before tax20.228.7−29.5%
Net profit15.721.5−27.0%
EPS₹2.05₹2.81−27.0%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹128 crNet profit₹15.7 crNet margin12.3%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
3,768————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
58.466.685.30.752.2
3,709————
495519605536446
—−14.2%+12.8%+20.3%—
84.810412910289.8
17.1%20.0%21.3%19.0%20.2%
65.687.911588.679.0
58.076.796.082.367.1
11.7%14.8%15.9%15.3%15.1%
₹7.56₹9.99₹12.52₹10.72₹8.74
—−20.2%+16.8%+22.7%—
—70.190.836.363.0
—−53.0−24.4−20.0−15.3
17.117.166.416.347.7
Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

SHANTIGEAR₹491.20

Shanthi Gears Limited

· Capital Goods & Defence
₹ CrorePeersRAYMONDDEEDEVPITTIENGHIRECTWINDMACHINJASHJNKINDIAOMNIMcap ₹3,768 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————3,767.5
- Cash, Equiv & ST Investments52.20.785.366.658.4
Enterprise Value————3,709.2
Revenue445.7536.1604.6518.7495.4
Growth %, YoY—+20.3+12.8-14.2—
EBITDA89.8101.8128.7103.984.8
Margin %20.1618.9921.2920.0317.11
EBIT79.088.6115.487.965.6
Net Income67.182.396.076.758.0
Margin %15.0515.3415.8814.7811.71
EPS, Adj (current shares)8.7410.7212.529.997.56
Growth %, YoY—+22.7+16.8-20.2—
Cash from Operations63.036.390.870.1—
Capital Expenditures-15.3-20.0-24.4-53.0—
Free Cash Flow47.716.366.417.117.1
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · StandaloneFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Shanthi Gears financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

Shanthi Gears (NSE: SHANTIGEAR) had a market capitalisation of ₹3,764 crore at the previous close (₹491.20 a share), a PE ratio of 64.9 on the last four quarters' profit and a price-to-book ratio of 8.37. In FY26 its consolidated net profit was ₹76.7 crore on revenue of ₹519 crore; in Q2 FY27 (July–September 2026) it was ₹15.7 crore, down 27.0% year on year. It had no borrowings on 30 September 2026. Promoters held 73.16% of the shares on 30 September 2026.

Shanthi Gears Q2 FY27 results
filed 26 October 2026
Share price used
₹491.20 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Shanthi Gears at a glance · consolidated

Market cap
₹3,764 Crat ₹491.20 · previous close
PE ratio (last 4 quarters)
64.949.1 on FY26 profit
Price to book (PB)
8.37book value ₹58.67 a share
ROE (FY26)
18.2%−7.5 pts vs FY25ROCE 20.6%
Debt to equity
0.00net cash ₹124 Cr
Promoter holding
73.16%+2.7 pts vs 30 Jun 202630 September 2026
Dividend yield
1.02%₹5 a share in 12 months
Net worth
₹450 Cr+4.2% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹17.1 Cr−74.2% vs FY25

Questions

What is the Shanthi Gears PE ratio today?

Shanthi Gears' PE ratio is 64.9 at the previous close (₹491.20 a share): a market capitalisation of ₹3,764 crore divided by consolidated net profit of ₹58 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹76.7 crore) it is 49.1.

What is the Shanthi Gears debt to equity ratio?

Shanthi Gears' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹450 crore. A year earlier, on 30 September 2025, it was 0.00.

What is the Shanthi Gears net worth?

Shanthi Gears' net worth — shareholders' equity in its consolidated balance sheet — was ₹450 crore on 30 September 2026, up 4.2% from ₹432 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,764 crore at the previous close.

What is the Shanthi Gears PB ratio (price to book value)?

Shanthi Gears' price-to-book (PB) ratio is 8.37 at the previous close: a market capitalisation of ₹3,764 crore divided by shareholders' equity (book value) of ₹450 crore on 30 September 2026. That is a book value of ₹58.67 per share against a share price of ₹491.20.

What is the Shanthi Gears ROE and ROCE?

In FY26, Shanthi Gears' return on equity (ROE) was 18.2% and its return on capital employed (ROCE) was 20.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 25.7% and ROCE 30.8%.

What is the Shanthi Gears book value per share?

Shanthi Gears' book value per share was ₹58.67 on 30 September 2026: shareholders' equity of ₹450 crore divided by the 7.66 crore shares in issue, up 4.1% from ₹56.39 a year earlier. The share price at the previous close was ₹491.20.

What is the Shanthi Gears market cap?

Shanthi Gears' market capitalisation was ₹3,764 crore at the previous close: 7.66 crore shares at ₹491.20 each.

Is Shanthi Gears debt free?

Yes. Shanthi Gears had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹124 crore of cash, bank balances and current investments.

What is the Shanthi Gears EPS?

Shanthi Gears' basic earnings per share (EPS) were ₹9.99 in FY26, against ₹12.52 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹7.56.

What is the Shanthi Gears dividend yield?

Shanthi Gears' dividend yield is 1.02% at the previous close: dividends of ₹5 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹491.20. They were ₹2 on 17 July 2026 and ₹3 on 29 January 2026 (interim).

What is the Shanthi Gears promoter holding?

Promoters held 73.16% of Shanthi Gears on 30 September 2026, up 2.69 percentage points from 70.47% the previous quarter and up 2.69 percentage points from 70.47% a year earlier, according to the shareholding pattern filed with NSE.

What is the Shanthi Gears free cash flow?

In FY26, Shanthi Gears generated ₹70.1 crore of cash from operations and spent ₹53 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹17.1 crore. In FY25 it was ₹66.4 crore.

What is the Shanthi Gears dividend in 2026 and its record date?

In 2026, Shanthi Gears has declared two dividends totalling ₹5 a share: ₹3 (interim) with record date 29 January 2026 and ₹2 with record date 17 July 2026.

When are the Shanthi Gears next results?

Shanthi Gears has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

Shanthi Gears vs Raymond: how do they compare?

In FY26, Shanthi Gears earned net profit of ₹76.7 crore on revenue of ₹519 crore, against ₹5,341 crore on ₹2,212 crore for Raymond. Shanthi Gears' operating margin was 16.9% (Raymond 3.8%) and its return on equity 18.2% (Raymond 162.8%).

What is the Shanthi Gears shareholding pattern?

On 30 September 2026, Shanthi Gears' shares were held by promoters 73.16%, foreign portfolio investors (FII/FPI) 0.18%, domestic institutions (DII) 0.23% (including mutual funds at 0.01%) and retail and other non-institutional investors 26.43%. Over the year, FII holding was down 3.04 percentage points from 3.22% and DII holding was down 0.06 percentage points from 0.29%.

What are the Shanthi Gears latest quarterly results?

Shanthi Gears' latest results are for Q2 FY27 (July–September 2026), filed on 26 October 2026: consolidated net profit ₹15.7 crore, down 27.0% from ₹21.5 crore in Q2 FY26; revenue from operations ₹128 crore, down 3.0% year on year.

How does Shanthi Gears compare with its peers?

On FY26 consolidated figures, against Raymond, DEE Development Engineers and Pitti Engineering: Shanthi Gears' operating margin of 16.9% is the highest of the four (Raymond 3.8%, DEE Development Engineers 12.1%, Pitti Engineering 11.0%; peer average 8.9%); its return on equity of 18.2% is the second highest of the four (Raymond 162.8%, DEE Development Engineers 9.2%, Pitti Engineering 12.5%; peer average 61.5%).

What is the Shanthi Gears revenue and profit in FY26?

In FY26 (April 2025–March 2026), Shanthi Gears' consolidated net profit was ₹76.7 crore, down 20.2% from ₹96 crore in FY25, on revenue from operations of ₹519 crore (down 14.2%). Over three years, from FY23, net profit was up 14.3%.

Where do these Shanthi Gears figures come from?

From Shanthi Gears' own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.