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Shanthi Gears Ltd share Price Today

Company details

543.55
554.70
401.25
644.40
6M Return -0.07%
1Y Return 24.64%
Mkt Cap.(Cr) 4,202.50
Volume 35,345
Div Yield 0.92%
OI
-
OI Chg %
-
Volume 35,345

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Auto Parts & Equipment company Shanthi Gears announced Q4FY24 & FY24 results:

Financial Highlights:

  • Revenue of Rs 153.6 crore in Q4 with a 25% growth over Q4 of previous year. Revenue of Rs 536.1 crore in the financial year with a 20% growth over previous year.
  • The Profit Before Tax (PBT) of Rs 31.9 crore in Q4 with a 20% growth over Q4 of previous year. PBT of Rs 109.6 crore in the financial year with a 22% growth over previous year.
  • The Return on Invested Capital (ROIC) improved to 57% in this financial year from 56% in previous year.
  • The Company generated Free Cash Flow (FCF) of Rs 43.1 crore during the financial year and registered 10% growth over previous year.
  • During the year the Company booked orders of Rs 579 crore with 31% growth over previous year. Open order book as on 31st March 2024 was Rs 328 crore.
  • The Board of Directors have recommended a final dividend of Rs 2 per share (200%) for the FY24. The total dividend including the interim dividend already paid is Rs 5 per share (500%) for FY24.

Result PDF

View Other Company Results

Shanthi Gears Ltd shares SWOT Analysis

Strengths (12)

  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 553.8
R2 559.8
R3 565.0
Pivot

548.68

S1 542.7
S2 537.5
S3 531.5
EMA SMA
543.1
545.9
539.2
513.7
542.7
554.2
540.6
517.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SBI FUNDS MANAGEMENT PVT LTD A/C SBI SMALL & MIDCAP FUND Bulk Purchase 2015-01-19 132 771136 NSE
SBI FUNDS MANAGEMENT PVT LTD A/C MAGNUM BALANCED FUND Bulk Purchase 2015-01-19 132 695000 NSE
ACACIA PARTNERS L P Bulk Sell 2015-01-19 132 600000 NSE
Name Category Shares
Tube Investments Of India Limited PROMOTER 70.46%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Shanthi Gears Ltd Stocks COMPARISON

Financials( in Cr) Shanthi Gears Ltd Cummins India Ltd Thermax Ltd Carborundum Universal Ltd Grindwell Norton Ltd
Price 547.80 3,825.60 5,311.90 1,773.95 2,714.65
% Change 0.12 3.05 -0.57 2.10 0.11
Mcap Cr 4,202.50 106,045.63 63,294.48 33,750.82 30,056.60
Revenue TTM Cr 445.65 7,772.09 8,089.81 4,654.28 2,012.76
Net Profit TTM Cr 67.05 1,228.15 450.70 441.70 295.08
PE TTM 50.63 61.66 107.46 73.17 78.30
1 Year Return 24.64 107.55 127.03 48.45 28.74
ROCE 32.13 26.89 14.53 20.69 27.49
ROE 23.85 22.53 12.25 17.04 20.97
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 302.35 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20

Shanthi Gears Ltd Information

Stock PE (TTM)
50.63
Promoter Holding
70.47%
Book Value
45.0118
ROCE
32.13%
ROE
23.85%
Description
  • Shanthi Gears Ltd (SGL), the Coimbatore based gear manufacturing company was promoted by P Subramanian, an entrepreneurial engineer in 1969 as a partnership concern. In July 1972, the partnership firm was converted into a Private Limited Company and later in March 1986 it became a Public Limited Company. The Company is in the business of design, manufacture, supply and servicing of gears and gear boxes. The bulk of this market is serviced by five major national players while a fair portion of the market is met through imports. Import of gearboxes happens predominantly in the safety critical applications and high technology areas such as gearboxes for wind turbine generators, power plants and marine applications. While most of these are imported from Europe, China caters to the demand in other segments. Shanthi Gears, which was just the maker of gears for textile machinery when it was started is now producing gears for industries as wide as process, power steel, cement, sugar and aviation. The product range extends from gears for simple applications such as hand-driven jacks to high-tech gears for supersonic jet aircraft. The company opened its first factory in 1972 and a decade later it expanded the product range by start manufacturing worm gearboxes. In the mid-80`s, SGL took the next step and began manufacturing helical and bevel helical gears. The company has also start producing geared motors simultaneously in this period. In 1986, it has completed the project of putting up its own foundry. The foundry caters to the needs of grey iron and spheroid graphite castings, as well as non-ferrous ones such as phosphor bronze, aluminium etc. As a part of backward integration, a forging plant was also commissioned simultaneously. The company is getting 50% of its business from executing special orders i.e custom made gears. In Mar.`92, SGL came out with a rights issue to part-finance the expansion-cum-modernisation of its plants. Apart from this, the company made a preferential issue of 3.4 lac equity shares (premium : Rs 160) to banks and mutual funds in Sep.`94. Shanthi gears has a wholly-owned subsidiary `Shanthi Sales`, which looks after its entire marketing. During the 2004-05, Shanthi Sales Ltd ceased to be the subsidiary company consequent to the divestment of entire shares held by the company. The group companies of Shanthi gears are Shanthi Clothsline, a woven and Knitted garment manufacturing company; Shanthi Constructions, a infrastructure construction company; Shanthi Precision Industries Ltd (SPL), (Formerly Loyal Engineering - takeover by Shanthi group in 1998) and SPL was merged with the company with effect from 1st July 2003 in the exchange ratio of 1:5. In August 2004 the company sub-divided its equity share face value from Rs.10/- to Re.1/-. Further the company has issued bonus equity shares for its shareholders in the ratio of 1:1. In 2006, The company have state-of-the-art production machines/quality Control Facilities worth Rs.44.19 Crores have been added during the FY 2005-2006 along with our existing battery of Machines. Further, orders for Machineries worth Rs.37.47 Crores are yet to be executed by the respective suppliers. During the year 2012-13, Tube Investments of India Ltd (TII) acquired his entire stake and followed it up with an Open Offer in line with the regulations and acquired another 26% from the general public. Effective from 19 November, 2012 Shanthi Gears Ltd (SGL) became a subsidiary of TII. In 2016-17, the Company launched a program titled Connect 2016. In 2022-23, it expanded to encompass institutional sales and business services, diversifying their portfolio and strengthening market presence. It built credentials to manufacture and test gearboxes at speeds exceeding 1 Lakh RPM which created a significant milestone in the gearbox industry.

Registered Address

304-A Trichy Road, Singanallur, Coimbatore, Tamil Nadu, 641005

Tel : 91-0422-2273722-34
Email : cs:shanthigears.com
Website : http://www.shanthigears.com
Registrar

SKDC Consultants Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 522034
NSE Code : SHANTIGEAR
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE631A01022

FAQ’s on Shanthi Gears Ltd Shares

You can buy Shanthi Gears Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Shanthi Gears Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:59 PM the closing price of Shanthi Gears Ltd was Rs.547.80.

The latest PE ratio of Shanthi Gears Ltd as of Jun 14, 2024 03:59 PM is 50.63

The latest PB ratio of Shanthi Gears Ltd as of Jun 14, 2024 03:59 PM is 0.08

The 52-week high of Shanthi Gears Ltd share price is Rs. 644.40 while the 52-week low is Rs. 401.25

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:59 PM, the market cap of Shanthi Gears Ltd stood at Rs. 4,202.50.

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