Skip to main content

Go Premium in Our Biggest Sale Ever

UPGRADE NOW
TipRanks
Go Ultimate75% OFF

Shanti Gold International Limited (SHANTIGOLD) AI Stock Analysis

0 Followers
IN:SHANTIGOLD

Shanti Gold International Limited

(NSE:SHANTIGOLD)

Select Model
Rating:71Outperform
Price Target:INR 302.00â–²(11.05% Upside)
Action:upgraded
Date:09/26/26

The overall score is driven primarily by strong revenue and profit growth with high margins and returns on equity, counterbalanced by persistently negative operating and free cash flows and a still leveraged balance sheet; strong but stretched technical momentum and a seemingly attractive P/E-based valuation add support but do not fully offset the cash-flow and funding risks.

Positive Factors
Revenue GrowthThe sharp acceleration in revenue indicates substantially stronger business scale and market activity than in prior periods. If this growth persists, it can improve operating leverage, strengthen the company’s industry position, and provide a broader base from which future earnings can develop.
Negative Factors
Persistent Cash BurnPersistent negative operating cash flow means reported earnings are not currently converting into liquidity for the business. The sharp 2026 deterioration could increase dependence on external funding or working-capital improvements, reducing financial flexibility and raising execution risk.

Shanti Gold International Limited (SHANTIGOLD) vs. iShares MSCI India ETF (INDA)

-50%-25%0%25%50%75%100%IN:SHANTIGOLD+19.66%INDA-5.62%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 21.16B
Dividend Yield
―
Average Volume (3M)
231.28K
Price to Earnings (P/E)
10.8
Beta (1Y)
0.43
Revenue Growth
―
EPS Growth
―
Country
India
Employees
286
Sector
General
Sector Strength
55
Industry
Luxury Goods

Shanti Gold International Limited Business Overview & Revenue Model

Company Description

Shanti Gold International Limited specializes in the creation, manufacturing, and wholesale supply of gold jewelry. The company's market reach extends to India, the United States, the United Arab Emirates, Qatar, and Singapore. Its extensive product...

Shanti Gold International Limited Financial Statement Overview

Summary

High revenue and profit growth with strong margins and return on equity, an improving but still leveraged balance sheet, and persistently negative operating and free cash flows that materially weaken overall financial quality.

Income Statement

88Very Positive

Balance Sheet

72Positive

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue24.42B20.19B11.06B7.11B6.79B4.28B
Gross Profit2.74B2.06B1.07B617.23M527.84M267.92M
EBITDA2.68B2.09B972.01M529.81M453.31M202.89M
Net Income1.86B1.40B558.42M268.68M198.19M33.01M
Balance Sheet
Total Assets08.56B4.20B3.25B2.57B2.14B
Cash, Cash Equivalents and Short-Term Investments491.75M497.89M141.88M428.82M112.10M46.80M
Total Debt02.16B2.43B2.11B1.65B1.44B
Total Liabilities-5.98B2.58B2.67B2.29B1.87B1.64B
Stockholders Equity5.98B5.98B1.52B966.69M698.05M500.13M
Cash Flow
Free Cash Flow-2.47B-2.70B-218.91M-234.15M-87.52M-198.95M
Operating Cash Flow-2.47B-2.64B-153.03M-130.26M-48.38M-157.97M
Investing Cash Flow29.83M-166.50M12.67M-50.75M-44.77M-26.00M
Financing Cash Flow2.53B2.89B132.55M196.27M91.92M182.08M

Shanti Gold International Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price271.95

Price Trends

50DMA306.03Negative
100DMA266.40Positive
200DMA235.88Positive

Market Momentum

MACD-15.82Positive
RSI36.90Neutral
STOCH23.38Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHANTIGOLD, the sentiment is Negative. The current price of 271.95 is below the 20-day moving average (MA) of 331.56, below the 50-day MA of 306.03, and above the 200-day MA of 235.88, indicating a neutral trend. The MACD of -15.82 indicates Positive momentum. The RSI at 36.90 is Neutral, neither overbought nor oversold. The STOCH value of 23.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHANTIGOLD.

Shanti Gold International Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:SHANTIGOLD against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:RBZJEWELIN:RBZJEWEL73OutperformINR 7.10B13.44――37.98%15.31%
IN:SHANTIGOLDIN:SHANTIGOLD71OutperformINR 20.96B10.84――――
IN:RGLIN:RGL63NeutralINR 16.83B19.88――41.39%54.19%
IN:GOLDIAMIN:GOLDIAM62NeutralINR 47.76B17.09―1.27%28.15%59.09%
IN:SKYGOLDIN:SKYGOLD58NeutralINR 152.30B41.06――73.01%106.27%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:RAJESHEXPOIN:RAJESHEXPO46NeutralINR 15.56B9.06――79.55%130.31%

* General Sector Average

Performance Comparison

0%100%200%IN:SHANTIGOLDIN:GOLDIAMIN:RAJESHEXPOIN:RBZJEWELIN:RGLIN:SKYGOLDDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:SHANTIGOLD and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:SHANTIGOLDShanti Gold International Limited271.9543.9819.29%
IN:GOLDIAMGoldiam International Limited318.6535.7612.64%
IN:RAJESHEXPORajesh Exports Limited51.85-135.35-72.30%
IN:RBZJEWELRBZ Jewellers Limited184.4027.2017.30%
IN:RGLRenaissance Global Limited156.9019.2013.94%
IN:SKYGOLDSky Gold Limited1050.80703.80202.82%
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.

Date of analysis: Sep 26, 2026