Shanthi Gears Limited

NSE: SHANTIGEAR · Industrial Products

52W Range₹395 ₹599

Snapshot

Unlock Shanthi Gears Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Shanthi Gears Limited is a manufacturer of diverse gear products, including helical, bevel, and worm gearboxes, as well as specialised castings. The company serves a wide array of industrial sectors such as steel, cement, power, and aerospace, providing both original equipment and refurbishment services.

Business Model

The company generates revenue through the design, manufacturing, and sale of industrial gearboxes and precision gears, complemented by installation and maintenance services. As a subsidiary of Tube Investments of India Limited, it leverages established manufacturing capabilities to serve both domestic and international markets.

Growth Outlook

Growth is driven by the company's ability to provide custom engineering solutions across critical infrastructure sectors like power, mining, and material handling. Continued focus on refurbishment and on-site services provides a recurring revenue stream alongside new equipment sales.

Key Risks

  • Cyclical Industrial Demand. The company's performance is highly sensitive to capital expenditure cycles in core sectors like steel, cement, and power.
  • Raw Material Price Volatility. Fluctuations in the costs of iron, copper, and other metal alloys can significantly impact manufacturing margins.
  • Competitive Pressure. The industrial gear market faces intense competition from both domestic players and global manufacturers with advanced technological capabilities.

Price

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Key Metrics

REVENUE

₹519 Cr

TTM · standalone

-14.2%YoY

NET PROFIT

₹77 Cr

TTM · standalone

-20.2%YoY

EPS

₹10.00

TTM · standalone

-20.1%YoY

RETURN ON EQUITY

18.6%

TTM · standalone

-8.1 ppYoY

RETURN ON CAPITAL EMPLOYED

24.8%

TTM · standalone

-11.3 ppYoY

P/E

43.4x

Q4 FY26 · standalone

43.4 vs 53.6x5Y avg

EV/EBITDA

26.9x

Q4 FY26 · standalone

26.9 vs 37.5x5Y avg

EBITDA MARGIN

23.8%

TTM · standalone

+0.1 ppYoY

NET PROFIT MARGIN

12.0%

Q4 FY26 · standalone

-2.7 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · standalone

+0.00xYoY

Peers · Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Shanthi Gears LimitedSHANTIGEAR
3,37043.3926.93-14.2%23.8%18.6%24.8%-18.1%
GMM Pfaudler LimitedGMMPFAUDLR
3,73458.738.5510.2%12.7%5.2%11.0%-38.6%
Texmaco Rail & Engineering LimitedTEXRAIL
3,62924.0712.97-10.9%9.8%7.2%12.0%-27.8%
The Anup Engineering LimitedANUP
3,21431.5620.0836.2%22.1%21.6%27.7%-24.3%
Omnitech Engg.OMNI
2,92733.0%
Pitti Engineering LimitedPITTIENG
2,86829.9211.4812.8%18.6%12.8%18.6%-1.8%

As of Q4 FY26

Financials