Shanti Overseas (India) Ltd. (SHANTI) AI Stock Analysis

• Market Cap: ₹89.07M
• Dividend Yield: N/A
• Average Volume (3M): 150.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: 220.47%
• EPS Growth: -47.38%
• Country: IN
• Employees: 9
• Sector: Services
• Sector Strength: N/A
• Industry: Agricultural Farm Products
• EPS (TTM): -0.11
• Shares Outstanding: 11,106,000
• 10 Day Avg. Volume: 165,983
• 30 Day Avg. Volume: 150,141
• PEG Ratio: -0.07
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 0.69
• P/FCF Ratio: -7.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: ₹8.50 ▼(-2.30% Downside)

The score is primarily driven by weak financial performance (loss-making operations, high leverage, and negative cash flow). Technicals add pressure with a broader downtrend, while valuation is constrained by a negative P/E tied to losses and no dividend yield support.

Positive Factors

Diversified export portfolio

A diversified export product mix across textiles, garments and home furnishings reduces reliance on any single market or SKU, enhancing resilience to regional demand swings. Over months this supports steadier order flow, repeat bulk contracts and lower revenue concentration risk.

Supply‑chain and manufacturing capability

Strong supply‑chain and in‑house manufacturing capabilities provide durable operational advantages: consistent quality, ability to meet bulk order timing, and cost control. These traits support long‑term contracts, customer retention and resilience to external disruptions over 2–6 months.

Recent reported revenue growth

A reported revenue growth rate of ~220% indicates meaningful top‑line expansion or order wins. If sustained, increased scale can improve operating leverage and margin recovery potential, providing a pathway to restore cash generation and stabilize operations over the medium term.

Negative Factors

Persistent unprofitability

Negative gross and net margins and declining EBIT/EBITDA reflect chronic unprofitability and structural cost or pricing issues. Such margin deficits erode equity, limit ability to reinvest, and mean management must enact substantive operational changes to achieve durable profitability.

Negative operating and free cash flow

Sustained negative operating and free cash flow indicate the business is not generating cash from core operations, increasing reliance on external funding. Over months this constrains liquidity, limits capital spending and heightens solvency risk absent a credible cash recovery plan.

High leverage and shrinking equity

A high debt‑to‑equity ratio combined with shrinking equity and negative ROE signals elevated financial risk. With ongoing losses and weak cash flow, leverage magnifies downside, may trigger covenant stress, and reduces flexibility to invest or navigate industry cycles over the medium term.

Shanti Overseas (India) Ltd. Business Overview & Revenue Model

Company Description

Shanti Overseas (India) Limited engages in the processing and trading of agri commodities in India. It offers soya products, such as organic soyabean meal, seed, crude and refined oil, and lecithin; soya soap stocks and soy fatty acid; sunflower lecithin; and other by products. The company also exports its products to the United States, Europe, and South Korea. Shanti Overseas (India) Limited was founded in 2004 and is headquartered in Indore, India.

How the Company Makes Money

Shanti Overseas generates revenue through multiple channels, primarily focused on the export of textiles and related products. The company earns money by manufacturing and selling a diverse array of items including apparel, home textiles, and decorative furnishings to international clients. Key revenue streams include bulk orders from retailers and wholesalers, custom textile solutions, and long-term contracts with businesses in the hospitality and interior design industries. Additionally, SHANTI may benefit from strategic partnerships with suppliers and distributors, enhancing its market reach and operational efficiencies. The company also capitalizes on trade agreements and favorable export conditions, which contribute positively to its earnings.

Shanti Overseas (India) Ltd. Financial Statement Overview

Summary

Shanti Overseas is facing significant financial challenges. The income statement shows declining revenues and persistent losses. The balance sheet is weakened by high leverage and shrinking equity, and cash flow issues are evident with negative operating and free cash flows.

Income Statement

The company has experienced significant revenue volatility, with a notable decline in total revenue from past highs. Gross and net profit margins are negative, indicating operational inefficiencies and a lack of profitability. There is a consistent pattern of declining EBIT and EBITDA margins, reflecting ongoing challenges in cost management and revenue generation.

Balance Sheet

Shanti Overseas has a high debt-to-equity ratio, indicating significant leverage and financial risk. The equity ratio has been decreasing, signaling weakened financial stability. Return on equity is negative due to net losses, which raises red flags about the company's capacity to generate shareholder value. Overall, the balance sheet suggests financial strain and potential liquidity challenges.

Cash Flow

The company is experiencing negative operating and free cash flow, highlighting cash flow difficulties. The operating cash flow to net income ratio is negative, suggesting inefficiencies in cash generation relative to income. The free cash flow to net income ratio is also negative, indicating that the company is not generating sufficient cash flow to cover its operational needs.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	248.60M	238.41M	105.47M	1.49B	2.03B	1.93B
Gross Profit	-19.29M	-32.30M	-1.40M	-32.25M	83.70M	126.67M
EBITDA	-26.71M	-33.92M	-16.72M	-184.40M	92.69M	78.85M
Net Income	-23.44M	-27.93M	-15.29M	-169.30M	30.97M	823.00K
Balance Sheet
Total Assets	0.00	201.63M	204.42M	181.76M	494.75M	706.70M
Cash, Cash Equivalents and Short-Term Investments	820.00K	820.00K	9.91M	17.54M	19.93M	17.05M
Total Debt	0.00	14.90M	11.29M	15.09M	148.27M	320.37M
Total Liabilities	-114.99M	86.64M	64.71M	26.72M	170.86M	414.07M
Stockholders Equity	114.99M	114.99M	139.71M	155.04M	323.89M	292.62M
Cash Flow
Free Cash Flow	0.00	-21.17M	-10.75M	21.45M	164.71M	129.77M
Operating Cash Flow	0.00	-21.13M	-10.18M	29.45M	169.38M	134.48M
Investing Cash Flow	0.00	5.28M	5.20M	110.53M	-3.62M	-3.92M
Financing Cash Flow	0.00	8.51M	-3.41M	-142.38M	-162.88M	-127.14M

Shanti Overseas (India) Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SHANTI, the sentiment is Negative. The current price of 8.7 is below the 20-day moving average (MA) of 8.85, below the 50-day MA of 9.16, and below the 200-day MA of 12.53, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 33.13 is Neutral, neither overbought nor oversold. The STOCH value of 27.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SHANTI.

Shanti Overseas (India) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UMESLTD	62 Neutral	₹126.80M	32.11	―	―	-26.73%	388.56%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MTEDUCARE	41 Neutral	₹122.07M	-0.54	―	―	-3.63%	24.10%
CYBERMEDIA	41 Neutral	₹329.94M	-3.25	―	―	3.93%	-6902.88%
SHANTI	39 Underperform	₹89.07M	-4.31	―	―	220.47%	-47.38%

Shanti Overseas (India) Ltd. Corporate Events

Shanti Overseas (India) Closes Trading Window Ahead of Q3 FY2025 Results

Shanti Overseas (India) Ltd. has announced the closure of its trading window in compliance with the Securities and Exchange Board of India’s Prohibition of Insider Trading Regulations, 2015, and the company’s internal code of conduct. The window will be closed for directors, designated persons, employees, connected persons, and their immediate relatives from 1 January 2026 until 48 hours after the announcement of the unaudited standalone financial results for the quarter ended 31 December 2025, reinforcing restrictions on trading during sensitive financial reporting periods to safeguard against potential insider trading and ensure regulatory compliance for stakeholders.

Shanti Overseas Announces Virtual AGM for 2025

Shanti Overseas (India) Limited has announced the scheduling of its 14th Annual General Meeting (AGM) to be held on December 30, 2025, through video conferencing and other audio-visual means. This move aligns with regulatory requirements and ensures shareholder engagement while adapting to modern communication methods, potentially enhancing participation and transparency.

Shanti Overseas Dispatches Annual Report Link and KYC Reminder

Shanti Overseas (India) Limited has announced the dispatch of a letter containing a web-link to access the company’s Annual Report for the financial year 2024-25. This initiative is aimed at members who have not registered their email addresses with the company or depositories. The letter also serves as a reminder for shareholders to update their KYC details and dematerialize physical securities, in compliance with SEBI regulations. This move is part of the company’s efforts to ensure transparency and regulatory compliance, potentially impacting shareholder engagement and operational efficiency.

Shanti Overseas Schedules Virtual AGM for December 2025

Shanti Overseas (India) Limited has announced the scheduling of its Annual General Meeting (AGM) on December 30, 2025, to be conducted via video conference. This meeting is significant for stakeholders as it provides an opportunity for shareholders to engage with the company’s management and discuss future strategies, reflecting the company’s commitment to maintaining transparent communication with its investors.

Shanti Overseas Reclassifies Promoter Group to Public Shareholders

Shanti Overseas (India) Limited has announced a significant change in its shareholder classification, as approved by its shareholders during an Extraordinary General Meeting. The company has reclassified certain individuals from the ‘Promoter & Promoter Group’ category to the ‘Public’ category, which includes members of the Kacholia family. This reclassification is in accordance with the SEBI Listing Regulations and reflects a shift in the company’s shareholder structure. The move could potentially impact the company’s governance and market perception, as the reclassified individuals will no longer be reported as part of the Promoter Shareholders in future filings.