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Shanthi Gears Ltd Fundamentals

Market Cap
₹ 4270.77 Cr
P/E Ratio (TTM)
51.93
P/B Ratio
12.37
Debt to Equity
0.00
ROE
23.85
EPS (TTM)
10.72
Dividend Yield
0.90 %
Book Value
45.01

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Shanthi Gears Ltd Financials

Shanthi Gears Ltd Financials

Shanthi Gears Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 70.47 % 70.47 % 70.47 % 70.47 %
Retail 20.45 % 20.48 % 20.21 % 19.89 %
Others 5.37 % 5.30 % 5.40 % 5.63 %
FII 3.49 % 3.44 % 3.61 % 3.73 %
Mutual Funds 0.22 % 0.31 % 0.31 % 0.28 %

Promoters

70.47%

Retail

20.45%

Others

5.37%

FII

3.49%

Mutual Funds

0.22%

Promoters

70.47%

Retail

20.48%

Others

5.30%

FII

3.44%

Mutual Funds

0.31%

Promoters

70.47%

Retail

20.21%

Others

5.40%

FII

3.61%

Mutual Funds

0.31%

Promoters

70.47%

Retail

19.89%

Others

5.63%

FII

3.73%

Mutual Funds

0.28%

Resistance and Support

₹549.90

PIVOT

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Resistance
First Resistance₹554.800
Second Resistance₹564.050
Third Resistance₹568.950
support-arrow
Support
First Support₹540.650
Second Support₹535.750
Third Support₹526.500

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day18,77210,05355.33
Week18,16912,463-3.85
1 Month18,16918,787-3.85
6 Months8,917,6333,394,58447.06

About Shanthi Gears Ltd

Shanthi Gears Ltd (SGL), the Coimbatore based gear manufacturing company was promoted by P Subramanian, an entrepreneurial engineer in 1969 as a partnership concern. In July 1972, the partnership firm was converted into a Private Limited Company and later in March 1986 it became a Public Limited Company. The Company is in the business of design, manufacture, supply and servicing of gears and gear boxes. The bulk of this market is serviced by five major national players while a fair portion of the market is met through imports. Import of gearboxes happens predominantly in the safety critical applications and high technology areas such as gearboxes for wind turbine generators, power plants and marine applications. While most of these are imported from Europe, China caters to the demand in other segments. Shanthi Gears, which was just the maker of gears for textile machinery when it was started is now producing gears for industries as wide as process, power steel, cement, sugar and aviation. The product range extends from gears for simple applications such as hand-driven jacks to high-tech gears for supersonic jet aircraft. The company opened its first factory in 1972 and a decade later it expanded the product range by start manufacturing worm gearboxes. In the mid-80's, SGL took the next step and began manufacturing helical and bevel helical gears. The company has also start producing geared motors simultaneously in this period. In 1986, it has completed the project of putting up its own foundry. The foundry caters to the needs of grey iron and spheroid graphite castings, as well as non-ferrous ones such as phosphor bronze, aluminium etc. As a part of backward integration, a forging plant was also commissioned simultaneously. The company is getting 50% of its business from executing special orders i.e custom made gears. In Mar.'92, SGL came out with a rights issue to part-finance the expansion-cum-modernisation of its plants. Apart from this, the company made a preferential issue of 3.4 lac equity shares (premium : Rs 160) to banks and mutual funds in Sep.'94. Shanthi gears has a wholly-owned subsidiary 'Shanthi Sales', which looks after its entire marketing. During the 2004-05, Shanthi Sales Ltd ceased to be the subsidiary company consequent to the divestment of entire shares held by the company. The group companies of Shanthi gears are Shanthi Clothsline, a woven and Knitted garment manufacturing company; Shanthi Constructions, a infrastructure construction company; Shanthi Precision Industries Ltd (SPL), (Formerly Loyal Engineering - takeover by Shanthi group in 1998) and SPL was merged with the company with effect from 1st July 2003 in the exchange ratio of 1:5. In August 2004 the company sub-divided its equity share face value from Rs.10/- to Re.1/-. Further the company has issued bonus equity shares for its shareholders in the ratio of 1:1. In 2006, The company have state-of-the-art production machines/quality Control Facilities worth Rs.44.19 Crores have been added during the FY 2005-2006 along with our existing battery of Machines. Further, orders for Machineries worth Rs.37.47 Crores are yet to be executed by the respective suppliers. During the year 2012-13, Tube Investments of India Ltd (TII) acquired his entire stake and followed it up with an Open Offer in line with the regulations and acquired another 26% from the general public. Effective from 19 November, 2012 Shanthi Gears Ltd (SGL) became a subsidiary of TII. In 2016-17, the Company launched a program titled Connect 2016. In 2022-23, it expanded to encompass institutional sales and business services, diversifying their portfolio and strengthening market presence. It built credentials to manufacture and test gearboxes at speeds exceeding 1 Lakh RPM which created a significant milestone in the gearbox industry.

Managing Director

1972

Founded

NA

NSE Symbol

SHANTIGEAR

Shanthi Gears Ltd Management

NameDesignation
J BalamuruganIndependent Director
SOUNDARA KUMARIndependent Director
S K SundararamanIndependent Director
N Krishna SamarajIndependent Director
Arunachalam Murugappa Arunachalam MurugappanChairman (Non-Executive)
M KarunakaranWhole Time Director & CEO
Mukesh AhujaDirector
L RamkumarIndependent Director
Walter Vasanth P JCompany Sec. & Compli. Officer
Arun VenkatachalamDirector
A VenkataramaniAdditional Director

Events

Dividend Announcement for Shanthi Gears Ltd - Jan 30, 2024

On Jan 30, 2024, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 300.0%. This dividend percentage refle...

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Shanthi Gears Ltd News

Board of Shanthi Gears recommends final dividend
Of Rs 2 per share
Shanthi Gears AGM scheduled
On 29 July 2024
Shanthi Gears standalone net profit rises 31.90% in the March 2024 quarter
Sales rise 24.51% to Rs 153.64 crore
Shanthi Gears to hold board meeting
On 9 May 2024
Board of Shanthi Gears recommends interim dividend
Of Rs 3 per share
Shanthi Gears standalone net profit declines 0.63% in the December 2023 quarter
Sales rise 9.50% to Rs 125.54 crore
Shanthi Gears to convene board meeting
On 30 January 2024
Shanthi Gears Ltd leads losers in 'B' group
Creative Eye Ltd, Shyam Telecom Ltd, BGR Energy Systems Ltd and Sampann Utpadan India Ltd are among the other losers in the BSE's 'B' group today, 04 January 2024.
Shanthi Gears spurts as Q2 PAT jumps 27% YoY to Rs 21 cr
Shanthi Gears rallied 9.08% to Rs 453.00 after the company reported 26.63% increase in net profit to Rs 21.02 crore on 24.52% rise in revenue from operations to Rs 135.42 crore in Q2 FY24 over Q2 FY23.
Shanthi Gears standalone net profit rises 26.63% in the September 2023 quarter
Sales rise 24.52% to Rs 135.42 crore

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Shanthi Gears Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Shanthi Gears Ltd shares in BlinkX

Shanthi Gears Ltd's P/E ratio is 51.93 times as of May 28, 2024 at 03:32 PM.

Shanthi Gears Ltd's most recent financial reports indicate a price-to-book ratio of 12.37, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Shanthi Gears Ltd's market is 4,271 Cr as on May 28, 2024 at 03:32 PM.

The current financial records of Shanthi Gears Ltd show a 23.85% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Shanthi Gears Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Shanthi Gears Ltd stands at 70.47%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 3.44% to 3.49%.