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Shanthi Gears Limited
(SHANTIGEAR)
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Rating:69Neutral
Price Target:
₹787.00
▲(68.61% Upside)
Action:Reiterated
Date:08/25/26
The score is primarily supported by strong financial fundamentals, especially the debt-free balance sheet and historically healthy profitability. This is offset by a premium valuation (high P/E and low yield) and technical overbought signals (very high RSI), alongside recent signs of slowing revenue and weaker/volatile free cash flow.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces financial risk and interest burden across industrial cycles. It preserves flexibility to fund product development, capacity, working capital, or shareholder returns internally, while stronger equity provides resilience when customer capex conditions weaken.
Negative Factors
Recent revenue contraction
The FY2026 revenue decline interrupts the prior multi-year expansion trend and signals weaker demand or project activity across the industrial customer base. If the contraction persists, lower operating leverage could restrict earnings growth and reduce the funds available for reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces financial risk and interest burden across industrial cycles. It preserves flexibility to fund product development, capacity, working capital, or shareholder returns internally, while stronger equity provides resilience when customer capex conditions weaken.
Read all positive factors
Shanthi Gears Limited (SHANTIGEAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹55.14B
Dividend Yield0.55%
Average Volume (3M)47.09K
Price to Earnings (P/E)86.0
Beta (1Y)0.63
Revenue Growth-16.88%
EPS Growth-34.25%
CountryIN
Employees479
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)8.31
Shares Outstanding76,715,860
10 Day Avg. Volume35,254
30 Day Avg. Volume47,087
Financial Highlights & Ratios
PEG Ratio-2.14
Price to Book (P/B)7.52
Price to Sales (P/S)6.38
P/FCF Ratio130.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shanthi Gears Limited Business Overview & Revenue Model
Company Description
Shanthi Gears Limited specializes in the engineering, manufacturing, supply, and servicing of diverse gearing solutions and gearboxes. The company boasts a significant international presence, operating across India, the United States, Europe, and ...
How the Company Makes Money
Shanthi Gears makes money primarily by selling industrial gear products (gearboxes/geared motors and other engineered gear solutions) to customers that need mechanical power transmission in their plants and equipment. Key revenue streams typically...
Shanthi Gears Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.99B | 5.19B | 6.05B | 5.36B | 4.46B | 3.30B |
| Gross Profit | 1.60B | 1.79B | 3.20B | 1.24B | 2.31B | 1.51B |
| EBITDA | 848.10M | 1.04B | 1.29B | 1.07B | 908.10M | 692.20M |
| Net Income | 638.20M | 766.60M | 960.30M | 822.50M | 670.50M | 424.70M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.56B | 5.04B | 4.43B | 3.78B | 3.41B |
| Cash, Cash Equivalents and Short-Term Investments | 2.16B | 1.41B | 1.54B | 1.07B | 1.26B | 944.20M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | -4.40B | 1.16B | 1.01B | 974.90M | 747.90M | 808.00M |
| Stockholders Equity | 4.40B | 4.40B | 4.03B | 3.45B | 3.02B | 2.60B |
Cash Flow | ||||||
| Free Cash Flow | 315.10M | 253.70M | 664.40M | 162.50M | 476.80M | 293.50M |
| Operating Cash Flow | 508.60M | 783.50M | 907.90M | 362.50M | 629.50M | 350.10M |
| Investing Cash Flow | -325.80M | -535.50M | -380.00M | -123.00M | -261.70M | -164.80M |
| Financing Cash Flow | -153.40M | -384.70M | -384.40M | -383.90M | -230.10M | -191.80M |
Shanthi Gears Limited Technical Analysis
Positive
466.75
Price Trends
472.59
Positive
460.64
Positive
456.41
Positive
Market Momentum
72.38
Negative
85.71
Negative
89.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHANTIGEAR, the sentiment is Positive. The current price of 466.75 is below the 20-day moving average (MA) of 551.99, below the 50-day MA of 472.59, and above the 200-day MA of 456.41, indicating a bullish trend. The MACD of 72.38 indicates Negative momentum. The RSI at 85.71 is Negative, neither overbought nor oversold. The STOCH value of 89.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SHANTIGEAR.
Shanthi Gears Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹23.44B | 17.81 | ― | 0.52% | 4.81% | 16.32% | |
69 Neutral | ₹55.14B | 86.03 | ― | 0.55% | -16.88% | -34.25% | |
68 Neutral | ₹23.79B | 42.48 | ― | 0.23% | 20.87% | 12.63% | |
58 Neutral | ₹44.78B | 44.71 | ― | 1.04% | 21.20% | 22.83% | |
57 Neutral | ₹315.44B | 57.72 | ― | 0.32% | 22.66% | 15.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹23.68B | 16.65 | ― | 4.02% | 9.17% | 14.00% |
* General Sector Average
IN:SHANTIGEAR
Shanthi Gears Limited
718.75
173.29
31.77%
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175.50
-70.20
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1,720.60
288.60
20.15%
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Shanthi Gears Limited Corporate Events
Shanthi Gears Denies Undisclosed Factors Behind Surge in Trading Volume
Aug 26, 2026
Shanthi Gears Limited operates in the industrial manufacturing sector, focusing on the production of gears and related power transmission solutions for a range of engineering and industrial applications. The company’s securities are listed o...
Shanthi Gears Names Interim CFO and Updates Disclosure Authorizations
Jul 13, 2026
Shanthi Gears Limited operates in the industrial engineering and manufacturing sector, specializing in the design and production of gears and gearboxes for industrial applications in domestic and export markets. Listed on NSE and BSE, the company ...
Shanthi Gears Schedules 53rd AGM via Video Conferencing on July 29
Jun 26, 2026
Shanthi Gears Limited has announced that its 53rd Annual General Meeting will be held on 29 July 2026 at 4:30 p.m. IST via video conferencing and other audio-visual means, allowing shareholders to participate remotely. The company has published th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.