Shanthi Gears Key Ratios
NSE: SHANTIGEAR | BSE: 522034
₹517.75
As on 28-Aug-2026IST
Market cap
₹3,975 Cr
Revenue (TTM)
₹499 Cr
P/E Ratio
62.3
P/B Ratio
8.8
Div. Yield
1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -14.52 | -14.38 | -16.88 | 2.16 | 14.17 |
| EBIT | -47.24 | -62.31 | -39.07 | -5.22 | 16.23 |
| Net Profit | -47.25 | -56.59 | -30.57 | -2.06 | 15.82 |
| EPS | -39.46 | -56.59 | -34.25 | -3.82 | 14.57 |
| 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 | 14.24 | 17.01 | 19.16 |
| Net Margin
| 14.84 | 14.29 | 12.29 | 14.24 | 15.51 |
| Return on equity
| 23.08 | 22.04 | 15.46 | 18.19 | 25.67 |
| Return on Capital
| 31.12 | 29.86 | -- | 24.45 | 34.89 |
| Return on Assets
| 18.30 | 17.05 | 12.04 | 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
|
--
|
13.18
|
21.34
|
20.71
|
--
|
ROE
15.46
Higher than Peers by 0.56
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
15.46
|
18.19
|
25.67
|
25.40
|
23.85
|
|
Peer Median
|
14.90
|
10.64
|
16.48
|
14.08
|
--
|
ROA
12.04
Higher than Peers by 2.99
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
12.04
|
14.63
|
20.51
|
19.75
|
17.88
|
|
Peer Median
|
9.05
|
6.38
|
11.41
|
11.00
|
--
|
EBIT Margin
14.24
Higher than Peers by 3.11
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
14.24
|
17.01
|
19.16
|
16.62
|
17.80
|
|
Peer Median
|
11.13
|
10.63
|
10.53
|
11.84
|
--
|
Net Margin
12.29
Higher than Peers by 2.66
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
12.29
|
14.24
|
15.51
|
14.76
|
14.68
|
|
Peer Median
|
9.63
|
8.30
|
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
-16.88
Lower than Peers by 28.59
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
-16.88
|
-14.21
|
12.79
|
20.29
|
32.21
|
|
Peer Median
|
11.71
|
14.15
|
15.70
|
9.56
|
--
|
EBIT Growth
-39.07
Lower than Peers by 41.98
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
-39.07
|
-23.87
|
30.04
|
12.33
|
58.89
|
|
Peer Median
|
2.91
|
5.58
|
4.91
|
5.64
|
--
|
Net Profit Growth
-30.57
Lower than Peers by 35.99
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
-30.57
|
-20.17
|
16.75
|
22.67
|
57.88
|
|
Peer Median
|
5.43
|
-1.64
|
11.27
|
14.06
|
--
|
EPS Growth
-34.25
Lower than Peers by 34.60
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
-34.25
|
-20.17
|
16.75
|
22.67
|
57.88
|
|
Peer Median
|
0.36
|
2.11
|
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
3.71
Higher than Peers by 1.33
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
3.71
|
3.71
|
3.80
|
3.38
|
3.01
|
|
Peer Median
|
2.39
|
2.42
|
2.31
|
2.36
|
--
|
Quick Ratio
2.66
Higher than Peers by 1.29
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
2.66
|
2.66
|
3.00
|
2.50
|
2.32
|
|
Peer Median
|
1.38
|
1.49
|
1.98
|
1.36
|
--
|
Interest Coverage
785.09
Higher than Peers by 764.44
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
785.09
|
286.28
|
296.66
|
211.85
|
244.76
|
|
Peer Median
|
20.65
|
13.38
|
19.92
|
28.31
|
--
|
Operating Efficiency
Debtors to sales
23.16
Higher than Peers by 5.02
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
23.16
|
22.29
|
22.69
|
22.01
|
15.29
|
|
Peer Median
|
18.14
|
19.76
|
22.69
|
15.81
|
--
|
Asset Turnover
0.94
Lower than Peers by 0.01
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
0.94
|
0.99
|
1.29
|
1.29
|
1.19
|
|
Peer Median
|
0.95
|
0.95
|
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
62.28
Higher than Peers by 19.76
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
|
62.28
|
43.09
|
37.66
|
51.67
|
41.62
|
|
Peer Median
|
42.52
|
32.93
|
27.10
|
23.73
|
--
|
Price / Book Value
8.83
Higher than Peers by 4.77
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
|
8.83
|
7.51
|
8.97
|
12.31
|
9.23
|
|
Peer Median
|
4.06
|
3.27
|
2.62
|
3.58
|
--
|
Dividend Yield
0.97
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
|
0.97
|
1.16
|
1.06
|
0.90
|
1.37
|
|
Peer Median
|
0.30
|
0.15
|
0.24
|
0.54
|
--
|
EV/EBITDA
35.91
--
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
|
35.91
|
26.05
|
24.69
|
34.38
|
26.62
|
|
Peer Median
|
--
|
24.20
|
16.08
|
17.39
|
--
|
Market Cap
3,975
Higher than Peers by 23
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Shanthi Gears
|
3,975
|
3,303
|
3,616
|
4,250
|
2,790
|
|
Peer Median
|
3,951
|
2,113
|
781
|
849
|
--
|