| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 128 | 132 | −3.0% |
| EBITDA | 22.7 | 26.5 | −14.4% |
| EBITDA margin | 17.7% | 20.1% | −2.4 pts |
| Profit before tax | 20.2 | 28.7 | −29.5% |
| Net profit | 15.7 | 21.5 | −27.0% |
| EPS | ₹2.05 | ₹2.81 | −27.0% |
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.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,768 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 58.4 | 66.6 | 85.3 | 0.7 | 52.2 | ||
| 3,709 | — | — | — | — | ||
| 495 | 519 | 605 | 536 | 446 | ||
| — | −14.2% | +12.8% | +20.3% | — | ||
| 84.8 | 104 | 129 | 102 | 89.8 | ||
| 17.1% | 20.0% | 21.3% | 19.0% | 20.2% | ||
| 65.6 | 87.9 | 115 | 88.6 | 79.0 | ||
| 58.0 | 76.7 | 96.0 | 82.3 | 67.1 | ||
| 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% | — | ||
| — | 70.1 | 90.8 | 36.3 | 63.0 | ||
| — | −53.0 | −24.4 | −20.0 | −15.3 | ||
| 17.1 | 17.1 | 66.4 | 16.3 | 47.7 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
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 Investments | 52.2 | 0.7 | 85.3 | 66.6 | 58.4 | |
| Enterprise Value | — | — | — | — | 3,709.2 | |
| Revenue | 445.7 | 536.1 | 604.6 | 518.7 | 495.4 | |
| Growth %, YoY | — | +20.3 | +12.8 | -14.2 | — | |
| EBITDA | 89.8 | 101.8 | 128.7 | 103.9 | 84.8 | |
| Margin % | 20.16 | 18.99 | 21.29 | 20.03 | 17.11 | |
| EBIT | 79.0 | 88.6 | 115.4 | 87.9 | 65.6 | |
| Net Income | 67.1 | 82.3 | 96.0 | 76.7 | 58.0 | |
| Margin % | 15.05 | 15.34 | 15.88 | 14.78 | 11.71 | |
| EPS, Adj (current shares) | 8.74 | 10.72 | 12.52 | 9.99 | 7.56 | |
| Growth %, YoY | — | +22.7 | +16.8 | -20.2 | — | |
| Cash from Operations | 63.0 | 36.3 | 90.8 | 70.1 | — | |
| Capital Expenditures | -15.3 | -20.0 | -24.4 | -53.0 | — | |
| Free Cash Flow | 47.7 | 16.3 | 66.4 | 17.1 | 17.1 | |
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' 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.
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.
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.
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.
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%.
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.
Shanthi Gears' market capitalisation was ₹3,764 crore at the previous close: 7.66 crore shares at ₹491.20 each.
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.
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.
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).
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.
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.
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.
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.
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%).
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%.
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.
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%).
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%.
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.