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

• Market Cap: ₹69.30M
• Dividend Yield: N/A
• Average Volume (3M): 150.14K
• Price to Earnings (P/E): 1.5
• Beta (1Y): 1.19
• Revenue Growth: 220.47%
• EPS Growth: -47.38%
• Country: IN
• Employees: 9
• Sector: Services
• Sector Strength: N/A
• Industry: Agricultural Farm Products
• EPS (TTM): 1.46
• 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: ₹6.00 ▼(-31.03% Downside)
• Action: Downgraded Date: 01/10/26
• Date: Action: Downgraded 01/10/26

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

Essential industry exposure

Operating in agricultural farm products provides durable end-market demand since food and basic agri inputs are staple needs. This structural demand can create a revenue floor versus cyclical discretionary sectors, supporting long-term business viability.

Lean operating footprint

A very small headcount implies a low fixed-cost base and operational flexibility. With limited payroll and overhead, the company can more quickly scale or cut costs, improving survivability and the potential for margin recovery if top-line stabilizes.

Public listing / market access

Listing on the NSE provides ongoing access to public capital and regulatory disclosure, enabling potential equity or debt raises and investor visibility. That structural access improves financing options compared with private peers when cash needs arise.

Negative Factors

Persistent unprofitability

Consistent negative gross and net margins and declining EBIT/EBITDA indicate structural issues in pricing, cost base or product mix. Long-term unprofitability erodes equity, limits reinvestment capacity, and undermines sustainable shareholder returns without turnaround.

High leverage and shrinking equity

A high debt-to-equity ratio and shrinking equity reduce financial flexibility. Persistent leverage combined with losses raises refinancing, covenant and solvency risk, constraining growth investments and increasing the probability of distress in adverse conditions.

Negative operating and free cash flow

Negative operating and free cash flow mean the business burns cash to run operations and cannot self-fund investment or debt service. Reliance on external financing raises dilution/default risk and makes long-term recovery dependent on successful capital raises.

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

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Shanti Overseas (India) Ltd. Financial Statement Overview

Summary

Financials show persistent weakness: volatile and declining revenue, negative gross/net margins and declining EBIT/EBITDA margins, high leverage with shrinking equity and negative ROE, plus negative operating and free cash flow that pressures liquidity.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	254.59M	238.41M	105.47M	1.49B	2.03B	1.93B
Gross Profit	-18.17M	-32.30M	-1.40M	-32.25M	83.70M	126.67M
EBITDA	-22.16M	-33.92M	-16.72M	-184.40M	92.69M	78.85M
Net Income	-20.65M	-27.93M	-15.29M	-169.30M	30.97M	823.00K
Balance Sheet
Total Assets	257.46M	201.63M	204.42M	181.76M	494.75M	706.70M
Cash, Cash Equivalents and Short-Term Investments	333.00K	820.00K	9.91M	17.54M	19.93M	17.05M
Total Debt	43.95M	14.90M	11.29M	15.09M	148.27M	320.37M
Total Liabilities	142.01M	86.64M	64.71M	26.72M	170.86M	414.07M
Stockholders Equity	115.45M	114.99M	139.71M	155.04M	323.89M	292.62M
Cash Flow
Free Cash Flow	-1.70M	-21.17M	-10.75M	21.45M	164.71M	129.77M
Operating Cash Flow	-1.70M	-21.13M	-10.18M	29.45M	169.38M	134.48M
Investing Cash Flow	1.27M	5.28M	5.20M	110.53M	-3.62M	-3.92M
Financing Cash Flow	-60.00K	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: Negative
• 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 above the 20-day moving average (MA) of 6.60, above the 50-day MA of 7.14, and below the 200-day MA of 10.51, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 31.37 is Neutral, neither overbought nor oversold. The STOCH value of 30.72 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	70 Outperform	₹173.29M	40.81	―	―	-26.73%	388.56%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
EDUCOMP	42 Neutral	₹127.37M	-0.58	―	―	―	―
CYBERMEDIA	41 Neutral	₹276.83M	-57.30	―	―	3.93%	-6902.88%
MTEDUCARE	41 Neutral	₹91.01M	-1.48	―	―	-3.63%	24.10%
SHANTI	39 Underperform	₹69.30M	1.54	―	―	220.47%	-47.38%

Shanti Overseas (India) Ltd. Corporate Events

Shanti Overseas (India) CFO Pankaj Agrawal Resigns Effective February 2026

Shanti Overseas (India) Ltd. has announced the resignation of its Chief Financial Officer, Pankaj Agrawal, effective from the close of business on February 9, 2026, as disclosed to the National Stock Exchange under Regulation 30 of SEBI’s listing rules. The company said Agrawal stepped down to pursue further professional opportunities and for personal reasons, and has provided the mandated disclosure details to the exchange, signaling a key change in its senior financial leadership that may prompt investor focus on the upcoming CFO succession and continuity in financial oversight.

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.