Shanthi Gears Limited (SHANTIGEAR) AI Stock Analysis

• Market Cap: ₹34.01B
• Dividend Yield: 1.06%
• Average Volume (3M): 2.73K
• Price to Earnings (P/E): 36.6
• Beta (1Y): 1.33
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 490
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 2.80
• Shares Outstanding: 76,715,860
• 10 Day Avg. Volume: 1,316
• 30 Day Avg. Volume: 2,726
• PEG Ratio: 2.25
• Price to Book (P/B): 9.00
• Price to Sales (P/S): 6.00
• P/FCF Ratio: 54.59
• 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: 67 Neutral
• Price Target: ₹507.00 ▲(8.62% Upside)

The score is supported mainly by strong financial quality (high profitability, strong ROE, and a debt-free balance sheet). It is held back by weak technical conditions (below key moving averages with negative MACD) and a relatively expensive valuation (P/E ~38.5 with only ~1.07% yield), alongside a recent revenue decline that raises near-term growth risk.

Shanthi Gears Limited Business Overview & Revenue Model

Company Description

Shanthi Gears Limited designs, manufactures, supplies, and services gears and gear boxes in India, the United States, Europe, and internationally. The company provides helical and bevel helical, worm, extruder, and cooling tower gear boxes, as well as geared motors. It also offers gears and pinions comprising spur / helical gears, worm spares, bevel gears, and internal gears; special gearboxes; and iron, iron castings, phosphor bronze, aluminum bronze, leaded bronze, and copper alloy castings. In addition, the company provides installation support, refurbishment, and on-site services; and engages in the exporting activities. Its products are used in steel, cement, paper, sugar, crane and material handling, power, rubber and plastics, off-highway and mining, process, compressor, railway, textile, and aerospace applications. The company was founded in 1960 and is based in Coimbatore, India. Shanthi Gears Limited is a subsidiary of Tube Investments of India Limited.

How the Company Makes Money

Shanthi Gears Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.01B	6.05B	5.36B	4.46B	3.30B	2.16B
Gross Profit	2.72B	3.20B	1.24B	2.31B	1.51B	1.02B
EBITDA	1.34B	1.29B	1.07B	908.10M	692.20M	350.50M
Net Income	970.60M	960.30M	822.50M	670.50M	424.70M	201.70M
Balance Sheet
Total Assets	0.00	5.04B	4.43B	3.78B	3.41B	3.25B
Cash, Cash Equivalents and Short-Term Investments	1.54B	1.54B	1.07B	1.26B	944.20M	746.70M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	-4.03B	1.01B	974.90M	747.90M	808.00M	882.90M
Stockholders Equity	4.03B	4.03B	3.45B	3.02B	2.60B	2.37B
Cash Flow
Free Cash Flow	0.00	664.40M	162.50M	476.80M	293.50M	173.70M
Operating Cash Flow	0.00	907.90M	362.50M	629.50M	350.10M	327.70M
Investing Cash Flow	0.00	-380.00M	-123.00M	-261.70M	-164.80M	-203.50M
Financing Cash Flow	0.00	-384.40M	-383.90M	-230.10M	-191.80M	-115.10M

Shanthi Gears Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AUTOAXLES	68 Neutral	₹28.90B	18.39	―	1.63%	-2.78%	2.55%
SHANTIGEAR	67 Neutral	₹34.01B	36.59	―	1.06%	―	―
JASH	65 Neutral	₹25.78B	33.26	―	0.47%	25.52%	-4.18%
JTEKTINDIA	65 Neutral	₹41.71B	56.33	―	0.49%	4.44%	-25.67%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PITTIENG	60 Neutral	₹27.69B	21.48	―	0.18%	26.81%	1.06%
GUJAPOLLO	47 Neutral	₹4.67B	-159.37	―	0.48%	4.69%	-124.17%

Shanthi Gears Limited Corporate Events

Shanthi Gears Files SEBI Dematerialisation Compliance Certificate for December Quarter

Shanthi Gears Limited has submitted a compliance certificate to the stock exchanges confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025. The company’s registrar and transfer agent, MUFG Intime India Private Limited, has certified that all securities received for dematerialisation during the quarter were duly accepted or rejected, properly cancelled and mutilated where applicable, and that the depositories were recorded as registered owners within prescribed timelines, underscoring the company’s ongoing compliance with regulatory requirements for share dematerialisation and listing.

Shanthi Gears Secures Approval for Promoter Group Reclassification

Shanthi Gears Limited announced that it has received a no-objection approval from both the National Stock Exchange of India Limited and BSE Limited for the reclassification of Coromandel Engineering Company Limited and Yanmar Coromandel Agrisolutions Private Limited from its promoter group category. This reclassification is part of the company’s strategic efforts to streamline its promoter group structure, potentially impacting its governance and shareholder dynamics.

Shanthi Gears Limited Receives Compliance Warning from NSE and BSE

Shanthi Gears Limited received warning letters from the National Stock Exchange of India Limited and the Bombay Stock Exchange regarding non-compliance with the SEBI regulations on reclassification of promoter shareholders. The company delayed the disclosure of its application for reclassification, which was submitted on October 25, 2025, but only disclosed on November 8, 2025. The exchanges have advised the company to exercise caution and take corrective measures to prevent future lapses, emphasizing the seriousness of compliance with regulatory requirements.

Shanthi Gears Clarifies Increased Trading Volume Amid Compliance Assurance

Shanthi Gears Limited has experienced a significant increase in trading volume, prompting a query from the National Stock Exchange of India. The company clarified that there is no undisclosed information affecting its stock price or volume and reaffirmed its commitment to compliance with SEBI regulations, ensuring timely disclosure of any price-sensitive information.

Shanthi Gears Limited Sees Surge in Trading Volume

Shanthi Gears Limited has experienced a significant increase in trading volume, prompting the Exchange to seek further information from the company. This development highlights investor interest and could have implications for market perception and stakeholder engagement, although the company’s response is still pending.