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

• Market Cap: ₹77.30M
• Dividend Yield: N/A
• Average Volume (3M): 150.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.25
• 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: ₹6.50 ▼(-25.29% 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

Reported revenue growth

A reported 220% revenue growth metric indicates the company can expand top-line sales materially in at least one recent period. If sustained, this supports scale economics and revenue diversification, helping offset fixed costs and enabling longer-term margin recovery.

Lean operating footprint

A very small employee base suggests a lean cost structure and lower fixed overhead. This can enable faster operating leverage as sales grow, reduce cash burn per period relative to labor-intensive peers, and improve the odds of achieving positive margins when revenue stabilizes.

Exchange listing / market access

Listing on the national exchange provides continuing regulatory oversight, public disclosure and access to capital markets. That structural access improves the company’s options for equity or debt financing and raises visibility with institutional counterparties over the medium term.

Negative Factors

Negative margins and unprofitability

Persistent negative gross and net margins indicate structural issues in pricing, cost of goods, or product mix. Ongoing unprofitability erodes retained earnings, limits reinvestment capacity, and makes sustainable EBITDA generation unlikely without material operational or commercial changes.

High leverage and shrinking equity

A high debt-to-equity ratio with declining equity signals elevated financial risk. Leverage increases fixed interest obligations and reduces flexibility to fund operations or capex, while shrinking equity narrows the solvency buffer and heightens the chance of distress under persistent losses.

Negative operating and free cash flow

Negative operating and free cash flow indicate the business is not generating internal liquidity to sustain operations or growth. This creates dependence on external financing, increases refinancing risk, and constrains the company’s ability to invest in improvements or withstand industry shocks.

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

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	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 above the 20-day moving average (MA) of 7.66, above the 50-day MA of 8.53, and below the 200-day MA of 11.97, indicating a bearish trend. The MACD of -0.48 indicates Positive momentum. The RSI at 33.12 is Neutral, neither overbought nor oversold. The STOCH value of 24.06 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	₹122.31M	30.97	―	―	-26.73%	388.56%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
CYBERMEDIA	41 Neutral	₹326.61M	28.49	―	―	3.93%	-6902.88%
MTEDUCARE	41 Neutral	₹104.01M	-0.46	―	―	-3.63%	24.10%
SHANTI	39 Underperform	₹77.30M	-3.74	―	―	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.