Shanthi Gears balance sheet

As of Sep 2026

Total assets: ₹564cr+7.3% on Sep 2025
Shareholders' equity: ₹450cr+4.2% on Sep 2025
Total debt: ₹0.0crNo figure a year before
Cash and investments: ₹58.4cr−40.7% on Sep 2025

₹ crore except per share

Tap a line for its trend	H1 FY27Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	117	98.0	71.3	63.9	63.0
	15.4	25.8	4.9	4.1	2.0
	7.3	7.3	7.4	7.5	7.1
	0.5	0.5	0.4	0.7	0.2
	10.2	10.2	18.2	27.6	0.0
	10.8	6.8	7.3	—	24.0
	21.0	17.0	25.5	27.6	24.0
	7.2	7.0	5.3	5.4	4.4
	6.1	0.3	7.7	6.0	6.8
	174	156	122	115	107
	128	113	80.4	85.2	66.6
	55.7	65.3	70.3	0.0	37.1
	96.4	116	137	118	68.1
	2.7	1.3	15.0	0.7	15.1
	66.1	73.9	49.8	7.3	75.0
	0.1	0.1	0.2	0.0	0.0
	31.1	19.4	23.3	116	3.4
	252	276	296	242	199
	9.7	11.1	5.8	—	5.2
	390	400	382	327	270
	564	556	504	443	378
Equity
	7.7	7.7	7.7	7.7	7.7
	442	432	395	338	295
	450	440	403	345	302
	450	440	403	345	302
Liabilities
	—	—	—	—	0.5
	0.0	0.0	0.0	0.0	0.5
	5.7	7.4	0.0	0.5	0.0
	5.1	0.5	0.9	—	—
	11.0	7.9	0.9	0.5	0.5
	64.0	72.5	62.7	59.9	43.7
	9.4	11.6	9.1	3.6	1.0
	73.3	84.0	71.8	63.6	44.6
	2.2	2.0	1.9	2.2	1.8
	0.0	—	0.5	0.5	2.6
	28.3	21.6	26.3	30.8	26.0
	104	108	100	97.0	75.1
	115	116	101	97.5	75.6
	564	556	504	443	378
Liabilities — additional as-filed lines
	0.2	—	—	—	—
Trade payables — MSME split
	19.0	28.7	13.7	—	—
	45.0	43.8	49.0	—	—

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

alphave

SHANTIGEAR₹491.20

Shanthi Gears Limited

· Capital Goods & Defence

₹ CrorePeersRAYMOND DEEDEV PITTIENG HIRECT WINDMACHIN JASH JNKINDIA OMNIMcap ₹3,768 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Non-current Assets
+ Property, Plant & Equipment	63.0	63.9	71.3	98.0	116.7
+ Capital Work-in-Progress	2.0	4.1	4.9	25.8	15.4
+ Investment Property	7.1	7.5	7.4	7.3	7.3
+ Other Intangibles	0.2	0.7	0.4	0.5	0.5
+ Non-current Investments	0.0	27.6	18.2	10.2	10.2
+ Other Non-current Financial Assets	24.0	—	7.3	6.8	10.8
Non-current Financial Assets	24.0	27.6	25.5	17.0	21.0
+ Deferred Tax Assets	4.4	5.4	5.3	7.0	7.2
+ Other Non-current Assets	6.8	6.0	7.7	0.3	6.1
Total Non-current Assets	107.4	115.3	122.4	156.0	174.2
Current Assets
+ Inventories	66.6	85.2	80.4	112.8	128.4
+ Current Investments	37.1	0.0	70.3	65.3	55.7
+ Trade Receivables	68.1	118.0	137.2	115.6	96.4
+ Cash & Cash Equivalents	15.1	0.7	15.0	1.3	2.7
+ Other Bank Balances	75.0	7.3	49.8	73.9	66.1
+ Short-term Loans	0.0	0.0	0.2	0.1	0.1
+ Other Current Financial Assets	3.4	116.4	23.3	19.4	31.1
Current Financial Assets	198.7	242.3	295.7	275.7	252.1
+ Other Current Assets	5.2	—	5.8	11.1	9.7
Total Current Assets	270.5	327.5	381.9	399.6	390.3
Total Assets	377.9	442.8	504.3	555.6	564.4
Equity
+ Equity Share Capital	7.7	7.7	7.7	7.7	7.7
+ Other Equity / Reserves	294.7	337.6	395.3	432.4	442.0
Equity — Owners of Parent	302.4	345.3	403.0	440.1	449.7
Total Equity	302.4	345.3	403.0	440.1	449.7
Liabilities
+ Other Non-current Financial Liab	0.5	—	—	—	—
Non-current Financial Liabilities	0.5	0.0	0.0	0.0	0.0
+ Provisions — Non-current	0.0	0.5	0.0	7.4	5.7
+ Other Non-current Liabilities	—	—	0.9	0.5	5.1
Non-current Liabilities	0.5	0.5	0.9	7.9	11.0
+ Trade Payables	43.7	59.9	62.7	72.5	64.0
+ Other Current Financial Liab	1.0	3.6	9.1	11.6	9.4
Current Financial Liabilities	44.6	63.6	71.8	84.0	73.3
+ Provisions — Current	1.8	2.2	1.9	2.0	2.2
+ Current Tax Liabilities	2.6	0.5	0.5	—	0.0
+ Other Current Liabilities	26.0	30.8	26.3	21.6	28.3
Current Liabilities	75.1	97.0	100.5	107.6	103.8
Total Liabilities	75.6	97.5	101.3	115.5	114.8
Total Equity & Liabilities	377.9	442.8	504.3	555.6	564.4
Liabilities — additional as-filed lines
+ Deferred Government Grants — Non-current	—	—	—	—	0.2
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	13.7	28.7	19.0
+ Dues to Other Creditors — Current	—	—	49.0	43.8	45.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.