Shanthi Gears Key Ratios
NSE: SHANTIGEAR | BSE: 522034
₹480.45
As on 03-Nov-2026IST
Market cap
₹3,687 Cr
Revenue (TTM)
₹495 Cr
P/E Ratio
63.5
P/B Ratio
8.2
Div. Yield
1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 10.82 | -2.97 | -14.22 | 0.03 | 12.46 |
| EBIT | 70.16 | -24.27 | -39.56 | -10.00 | 12.60 |
| Net Profit | 59.49 | -26.96 | -33.73 | -6.83 | 12.89 |
| EPS | 59.49 | -26.96 | -37.57 | -8.67 | 11.54 |
| Book Value | -- | -- | 9.20 | 13.33 | 13.16 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 17.60 | 17.08 | 13.24 | 17.01 | 19.16 |
| Net Margin
| 14.84 | 14.29 | 11.32 | 14.24 | 15.51 |
| Return on equity
| 23.08 | 22.04 | 13.85 | 18.19 | 25.67 |
| Return on Capital
| 31.12 | 29.86 | -- | 24.45 | 34.89 |
| Return on Assets
| 18.30 | 17.05 | 10.64 | 14.63 | 20.51 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
--
|
24.45
|
34.89
|
34.02
|
32.21
|
|
Peer Median
|
--
|
14.14
|
21.34
|
20.71
|
--
|
ROE
13.85
Lower than Peers by 0.84
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
13.85
|
18.19
|
25.67
|
25.40
|
23.85
|
|
Peer Median
|
14.69
|
11.68
|
16.48
|
14.08
|
--
|
ROA
10.64
Higher than Peers by 1.44
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
10.64
|
14.63
|
20.51
|
19.75
|
17.88
|
|
Peer Median
|
9.21
|
6.02
|
11.41
|
11.00
|
--
|
EBIT Margin
13.24
Higher than Peers by 2.07
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
13.24
|
17.01
|
19.16
|
16.62
|
17.80
|
|
Peer Median
|
11.17
|
10.67
|
10.53
|
11.84
|
--
|
Net Margin
11.32
Higher than Peers by 1.62
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
11.32
|
14.24
|
15.51
|
14.76
|
14.68
|
|
Peer Median
|
9.70
|
8.87
|
10.74
|
10.30
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
--
|
17.87
|
18.08
|
17.81
|
17.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-14.22
Lower than Peers by 26.19
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
-14.22
|
-14.21
|
12.79
|
20.29
|
32.21
|
|
Peer Median
|
11.97
|
18.72
|
15.70
|
9.56
|
--
|
EBIT Growth
-39.56
Lower than Peers by 42.65
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
-39.56
|
-23.87
|
30.04
|
12.33
|
58.89
|
|
Peer Median
|
3.09
|
8.63
|
4.91
|
5.64
|
--
|
Net Profit Growth
-33.73
Lower than Peers by 39.19
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
-33.73
|
-20.17
|
16.75
|
22.67
|
57.88
|
|
Peer Median
|
5.46
|
26.85
|
11.27
|
14.06
|
--
|
EPS Growth
-37.57
Lower than Peers by 38.77
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
-37.57
|
-20.17
|
16.75
|
22.67
|
57.88
|
|
Peer Median
|
1.20
|
3.28
|
6.01
|
5.56
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
--
|
9.20
|
16.70
|
14.21
|
16.31
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.01
|
0.16
|
0.14
|
0.06
|
--
|
Current Ratio
3.76
Higher than Peers by 1.37
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
3.76
|
3.71
|
3.80
|
3.38
|
3.01
|
|
Peer Median
|
2.39
|
2.42
|
2.31
|
2.36
|
--
|
Quick Ratio
2.52
Higher than Peers by 1.16
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
2.52
|
2.66
|
3.00
|
2.50
|
2.32
|
|
Peer Median
|
1.36
|
1.63
|
1.98
|
1.36
|
--
|
Interest Coverage
354.55
Higher than Peers by 333.53
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
354.55
|
286.28
|
296.66
|
211.85
|
244.76
|
|
Peer Median
|
21.01
|
10.80
|
19.92
|
28.31
|
--
|
Operating Efficiency
Debtors to sales
19.46
Higher than Peers by 1.63
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
19.46
|
22.29
|
22.69
|
22.01
|
15.29
|
|
Peer Median
|
17.83
|
18.60
|
22.69
|
15.81
|
--
|
Asset Turnover
0.91
Lower than Peers by 0.04
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
0.91
|
0.99
|
1.29
|
1.29
|
1.19
|
|
Peer Median
|
0.95
|
0.93
|
1.07
|
1.13
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
--
|
88.95
|
77.02
|
63.35
|
57.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
--
|
67.99
|
49.99
|
51.69
|
53.54
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
--
|
100.81
|
75.72
|
69.85
|
74.13
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
--
|
56.12
|
51.30
|
45.19
|
36.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
63.55
Higher than Peers by 31.40
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
63.55
|
43.09
|
37.66
|
51.67
|
41.62
|
|
Peer Median
|
32.15
|
26.29
|
27.10
|
23.73
|
--
|
Price / Book Value
8.20
Higher than Peers by 4.55
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
8.20
|
7.51
|
8.97
|
12.31
|
9.23
|
|
Peer Median
|
3.65
|
3.02
|
2.62
|
3.58
|
--
|
Dividend Yield
1.04
Higher than Peers by 0.67
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
1.04
|
1.16
|
1.06
|
0.90
|
1.37
|
|
Peer Median
|
0.37
|
0.36
|
0.24
|
0.54
|
--
|
EV/EBITDA
35.49
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
35.49
|
26.05
|
24.69
|
34.38
|
26.62
|
|
Peer Median
|
--
|
15.26
|
16.08
|
17.39
|
--
|
Market Cap
3,687
Higher than Peers by 313
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
3,687
|
3,303
|
3,616
|
4,250
|
2,790
|
|
Peer Median
|
3,374
|
1,635
|
781
|
849
|
--
|