Shanthi Gears Ltd - Stock Valuation and Financial Performance

BSE: 522034 | NSE: SHANTIGEAR | Auto Ancillary | Small Cap

Shanthi Gears Share Price

535.70 -5.25 -0.97%
as on 12-Dec'24 16:59

DeciZen - make an informed investing decision on Shanthi Gears

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Shanthi Gears stock performance -

mw4me loader
P/E Ratio (SA):
45.46
Market Cap:
4,109.7 Cr.
52-wk low:
474
52-wk high:
703.6

Is Shanthi Gears Ltd an attractive stock to invest in?

1. Is Shanthi Gears Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shanthi Gears Ltd is a average quality company.

2. Is Shanthi Gears Ltd undervalued or overvalued?

The key valuation ratios of Shanthi Gears Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Shanthi Gears Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Shanthi Gears Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Shanthi Gears:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shanthi Gears Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.1%4.9%8.4%9.7%10.7%13.7%12.4%11.3%23.7%32.2%-
Value Creation
Index
-0.3-0.7-0.4-0.3-0.20.0-0.1-0.20.71.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 156155165184214242242216337446573
Sales YoY Gr.--0.4%6.2%11.6%16.4%12.9%0.3%-11%56.4%32.2%-
Adj EPS 2.21.12.12.73.43.93.22.65.58.711.8
YoY Gr.--50.7%92.7%25.5%26.7%14.8%-16.3%-19.8%111.9%57.7%-
BVPS (₹) 32.633.134.837.538.93729.830.933.939.449.1
Adj Net
Profit
18.2917.321.727.531.624.919.942.366.790
Cash Flow from Ops. 29.1-6.146.113.856.327.255.630.73563-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.4%15.8%22.5%32.2%
Adj EPS 16.3%20.9%38.9%57.7%
BVPS2.1%0.3%9.8%16.3%
Share Price 15.5% 40.2% 48.9% -2.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.93.36.27.48.810.29.48.61723.726.6
Op. Profit
Mgn %
27.111.918.719.417.31714.312.117.920.219.7
Net Profit
Mgn %
11.75.810.511.812.913.110.39.212.51515.8
Debt to
Equity
00000000000
Working Cap
Days
240317358374322247208238172141102
Cash Conv.
Cycle
120137150148146133116110766771

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.60%

Sales growth is growing at healthy rate in last 3 years 22.52%

Net Profit is growing at healthy rate in last 3 years 38.94%

Sales growth is good in last 4 quarters at 15.71%

No data to display

Latest Financials - Shanthi Gears Ltd.

Standalone Consolidated
TTM EPS (₹) 11.8 1.7
TTM Sales (₹ Cr.) 573 85.8
BVPS (₹.) 49.1 0
Reserves (₹ Cr.) 369 52
P/BV 10.90 0.00
PE 45.46 309.73
From the Market
52 Week Low / High (₹) 474.00 / 703.55
All Time Low / High (₹) 1.85 / 703.55
Market Cap (₹ Cr.) 4,110
Equity (₹ Cr.) 7.7
Face Value (₹) 1
Industry PE 52.3

Management X-Ray of Shanthi Gears:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shanthi Gears

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales155165184214242242216337446536
Operating Expenses 137134148177201208189277355434
Manufacturing Costs17212429343027384968
Material Costs64606990108116104167214257
Employee Cost 37363942454846577177
Other Costs 19171716131413162132
Operating Profit 183136374135266090102
Operating Profit Margin (%) 11.8%18.6%19.4%17.3%17.0%14.3%12.1%17.9%20.2%19.1%
Other Income 1291112127991121
Interest 0000000001
Depreciation 171718161189101113
Exceptional Items 0000000000
Profit Before Tax 132329334233265990110
Tax 4565986162327
Profit After Tax 9182329332520426782
PAT Margin (%) 6.0%10.8%12.2%13.3%13.8%10.4%9.4%12.6%15.0%15.3%
Adjusted EPS (₹)1.12.22.83.54.13.32.65.58.710.7
Dividend Payout Ratio (%)44%23%27%29%147%61%57%45%57%47%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 271284306318302229237260302345
Share Capital 8888888888
Reserves 263276298310294221229252295338
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables24212524313055444360
Others Liabilities 40381313152036505060
Total Liabilities 335344344354348279327354395465

Fixed Assets

Gross Block368839194106113134135148149
Accumulated Depreciation286173344556067768584
Net Fixed Assets82665850525367596365
CWIP 4011060324
Investments 1663771211318747505745
Inventories65677559706178646785
Trade Receivables373946555738477268118
Cash Equivalents 892212025667908
Others Assets4210785671932323948140
Total Assets 335344344354348279327354395465

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -6461442275631356336
PBT 132329334233265990110
Adjustment 10108504256-1
Changes in Working Capital -2222-1710-5267-13-11-47
Tax Paid -7-9-6-6-10-8-5-15-22-26
Cash Flow From Investing Activity 10-43-13-264024-18-16-26-12
Capex 1001100002
Net Investments 35-40-14-303838-9-15-16-1
Others -25-3132-14-9-2-10-13
Cash Flow From Financing Activity -5-50-17-49-98-12-19-23-38
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -4-40-14-41-23-12-19-23-38
Others -1-10-3-8-750000
Net Cash Flow -1-21-118-181-114-14
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)3.476.397.639.1610.769.498.6617.0923.8525.4
ROCE (%)4.928.389.710.6813.7412.3911.323.7332.2134.02
Asset Turnover Ratio0.490.540.590.630.690.770.710.991.191.25
PAT to CFO Conversion(x)-0.672.560.611.450.822.241.550.830.940.44
Working Capital Days
Receivable Days70767684857172655763
Inventory Days1231321271119799118775452
Payable Days1211361239892961501087473

Shanthi Gears Ltd Stock News

Shanthi Gears Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shanthi Gears on 12-Dec-2024 16:59 is ₹535.7.
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 12-Dec-2024 16:59 the market cap of Shanthi Gears stood at ₹4,109.7.
The latest P/E ratio of Shanthi Gears as of 12-Dec-2024 16:59 is 45.46.
The latest P/B ratio of Shanthi Gears as of 12-Dec-2024 16:59 is 10.90.
The 52-week high of Shanthi Gears is ₹703.5 and the 52-week low is ₹474.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shanthi Gears is ₹573.1 ( Cr.) .

About Shanthi Gears Ltd

It all started in 1969, when ‘Shanthi Engineering & Trading Co.’ was established. This company started manufacturing small gears by way of simple manufacturing process like milling. In 1972, it was converted to Shanthi Gear Products (P) Limited.  

Their guiding principle since then has been always “quality gears”. Slowly but steadily their business expanded. So also the quality, range, Customers and services. Soon, they became the No. 1 (loose) gear manufacturer in the country both in terms of quality and volume.

Propelled for growth, in 1980, Shanthi Gears decided to go in for the manufacture of Worm Reduction Gear Boxes. Braving competition from leading manufacturers including multinationals, Shanthi Gears’ Worm Reduction Gear Boxes gained quick market acceptance. Today, it is rated way above the competition.  

Simultaneously, production of Helical Gear Boxes also started in single, double, triple, and quadruple reductions and in various combinations. Hollow shaft Gear Boxes were also introduced. Solid shafts and Hollow shaft Bevel Helical Reduction Gear Boxes followed suit.   In 1986, Shanthi Gears became a joint stock Company and it is now being listed in the major Stock Exchanges.

The philosophy of Shanthi Gears  has been -- the quality of the finished product is always the sum total of the quality of the raw materials and the components put in. Consequently, facilities for manufacturing Patterns, Centrifugal Castings of phosphor bronze rings, Ferrous Castings, Aluminum Castings, Heat Treatment, Forgings, Fabrications and Cutter Manufacturing were also set up, in-house.  

Foolproof 'Quality Systems' developed over the years ensures products of superior quality and long lasting performance.

Product range of the company includes:

  • Worm Gear Box
  • Helical & Bevel Helical Gear Box
  • Geared Motor
  • Custom-Built Gear Box
  • Mill Gear Box
  • Open Gearing
  • Products for Textile Industries
  • CNC Machine Tools

Services offered by the company:

The company act as consultants in the field of engineering design, advisors and purveyors of technical know-how and applied technology, solution providers and business process outsourcers in the field of engineering design and drawing, software programming etc.

  • Engineering Design
  • Modeling  & Drafting.
  • Analysis & Simulation.
  • Assembly and Animations.
  • Reverse Engineering.
  • Tooling (Mould & Pattern) Design & Manufacturing.
  • Generation of NC Codes and simulation.
  • Calibration of machine tools.
  • Calibration of Co-ordinate Measuring Machines.
  • Performance Evaluation of machine tools and a wide variety of errors can be quantified.

Different manufacturing plants of the company

  • Shanthi Gears Limited, A - Unit, 304-A, Trichy Road, Singanallur, Coimbatore , Tamilnadu, India.
  • Shanthi Gears Limited, B - Unit, 304-F, Trichy Road, Singanallur, Coimbatore, Tamilnadu, India.
  • Shanthi Gears Limited, C - Unit, Avanashi Road, Muthugoundenputhur, Coimbatore, Tamilnadu, India.
  • Shanthi Gears Limited, D - Unit, K. Krishnapuram, Kamanaickenpalayam, Palladam,  Tamilnadu, India.
  • Shanthi Gears Limited, E - Unit, 1812, Trichy Road, Singanallur,  Coimbatore, Tamilnadu, India.
  • Shanthi Gears Limited, F - Unit, 26, Trichy Road, Kambanthottam, Kannampalayam,  Coimbatore, Tamilnadu, India.

Subsidiaries:

  • Shanti Engineering Solutions
  • Shanti Metrology Services

Awards & Achievements:

It is a 9100B Certified Company

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