Is Shanthi Gears a good quality company?

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

Is Shanthi Gears 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 .

What is Shanthi Gears share price return in the past 10 years?

Shanthi Gears Ltd share price has appreciated 16.8% annually (CAGR) over the past ten years.

Is Shanthi Gears a good buy now?

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

Shanthi Gears Ltd - Stock Valuation and Financial Performance

Name: Shanthi Gears
Brand: Shanthi Gears

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

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Shanthi Gears Share Price

₹559 4.65 0.84%
as on 05-Nov'24 00:00

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
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	-0.2	0.0	-0.1	-0.2	0.7	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	156	155	165	184	214	242	242	216	337	446	573
Sales YoY Gr.	-	-0.4%	6.2%	11.6%	16.4%	12.9%	0.3%	-11%	56.4%	32.2%	-
Adj EPS ⓘ	2.2	1.1	2.1	2.7	3.4	3.9	3.2	2.6	5.5	8.7	11.8
YoY Gr.	-	-50.7%	92.7%	25.5%	26.7%	14.8%	-16.3%	-19.8%	111.9%	57.7%	-
BVPS (₹) ⓘ	32.6	33.1	34.8	37.5	38.9	37	29.8	30.9	33.9	39.4	49.1
Adj Net Profit ⓘ	18.2	9	17.3	21.7	27.5	31.6	24.9	19.9	42.3	66.7	90
Cash Flow from Ops. ⓘ	29.1	-6.1	46.1	13.8	56.3	27.2	55.6	30.7	35	63	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

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%
BVPSⓘ	2.1%	0.3%	9.8%	16.3%
Share Price	16.8%	40.7%	51.5%	23%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	6.9	3.3	6.2	7.4	8.8	10.2	9.4	8.6	17	23.7	26.6
Op. Profit Mgn % ⓘ	27.1	11.9	18.7	19.4	17.3	17	14.3	12.1	17.9	20.2	19.7
Net Profit Mgn % ⓘ	11.7	5.8	10.5	11.8	12.9	13.1	10.3	9.2	12.5	15	15.8
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	240	317	358	374	322	247	208	238	172	141	102
Cash Conv. Cycle ⓘ	120	137	150	148	146	133	116	110	76	67	71

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%

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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 ⓘ	11.31	0.00
PE ⓘ	47.15	321.21

From the Market
52 Week Low / High (₹)	450.15 / 703.55
All Time Low / High (₹)	1.85 / 703.55
Market Cap (₹ Cr.)	4,262
Equity (₹ Cr.)	7.7
Face Value (₹)	1
Industry PE ⓘ	53.8

Management X-Ray of Shanthi Gears:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Shanthi Gears

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Shanthi Gears

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	155	165	184	214	242	242	216	337	446	536
Operating Expenses ⓘ	137	134	148	177	201	208	189	277	355	434
Manufacturing Costs	17	21	24	29	34	30	27	38	49	68
Material Costs	64	60	69	90	108	116	104	167	214	257
Employee Cost	37	36	39	42	45	48	46	57	71	77
Other Costs ⓘ	19	17	17	16	13	14	13	16	21	32
Operating Profit ⓘ	18	31	36	37	41	35	26	60	90	102
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 ⓘ	12	9	11	12	12	7	9	9	11	21
Interest ⓘ	0	0	0	0	0	0	0	0	0	1
Depreciation ⓘ	17	17	18	16	11	8	9	10	11	13
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	13	23	29	33	42	33	26	59	90	110
Tax ⓘ	4	5	6	5	9	8	6	16	23	27
Profit After Tax	9	18	23	29	33	25	20	42	67	82
PAT Margin (%)	6.0%	10.8%	12.2%	13.3%	13.8%	10.4%	9.4%	12.6%	15.0%	15.3%
Adjusted EPS (₹)	1.1	2.2	2.8	3.5	4.1	3.3	2.6	5.5	8.7	10.7
Dividend Payout Ratio (%)	44%	23%	27%	29%	147%	61%	57%	45%	57%	47%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	271	284	306	318	302	229	237	260	302	345
Share Capital ⓘ	8	8	8	8	8	8	8	8	8	8
Reserves ⓘ	263	276	298	310	294	221	229	252	295	338
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	24	21	25	24	31	30	55	44	43	60
Others Liabilities ⓘ	40	38	13	13	15	20	36	50	50	60
Total Liabilities ⓘ	335	344	344	354	348	279	327	354	395	465
Fixed Assets
Gross Block	368	83	91	94	106	113	134	135	148	149
Accumulated Depreciation	286	17	33	44	55	60	67	76	85	84
Net Fixed Assetsⓘ	82	66	58	50	52	53	67	59	63	65
CWIP ⓘ	4	0	1	1	0	6	0	3	2	4
Investmentsⓘ	16	63	77	121	131	87	47	50	57	45
Inventories	65	67	75	59	70	61	78	64	67	85
Trade Receivables	37	39	46	55	57	38	47	72	68	118
Cash Equivalents	89	2	2	1	20	2	56	67	90	8
Others Assetsⓘ	42	107	85	67	19	32	32	39	48	140
Total Assets ⓘ	335	344	344	354	348	279	327	354	395	465

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-6	46	14	42	27	56	31	35	63	36
PBT ⓘ	13	23	29	33	42	33	26	59	90	110
Adjustment ⓘ	10	10	8	5	0	4	2	5	6	-1
Changes in Working Capital ⓘ	-22	22	-17	10	-5	26	7	-13	-11	-47
Tax Paid ⓘ	-7	-9	-6	-6	-10	-8	-5	-15	-22	-26
Cash Flow From Investing Activity ⓘ	10	-43	-13	-26	40	24	-18	-16	-26	-12
Capex	1	0	0	1	1	0	0	0	0	2
Net Investments	35	-40	-14	-30	38	38	-9	-15	-16	-1
Others ⓘ	-25	-3	1	3	2	-14	-9	-2	-10	-13
Cash Flow From Financing Activityⓘ	-5	-5	0	-17	-49	-98	-12	-19	-23	-38
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-4	-4	0	-14	-41	-23	-12	-19	-23	-38
Others ⓘ	-1	-1	0	-3	-8	-75	0	0	0	0
Net Cash Flow ⓘ	-1	-2	1	-1	18	-18	1	-1	14	-14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	3.47	6.39	7.63	9.16	10.76	9.49	8.66	17.09	23.85	25.4
ROCE (%)	4.92	8.38	9.7	10.68	13.74	12.39	11.3	23.73	32.21	34.02
Asset Turnover Ratio	0.49	0.54	0.59	0.63	0.69	0.77	0.71	0.99	1.19	1.25
PAT to CFO Conversion(x)	-0.67	2.56	0.61	1.45	0.82	2.24	1.55	0.83	0.94	0.44
Working Capital Days
Receivable Days	70	76	76	84	85	71	72	65	57	63
Inventory Days	123	132	127	111	97	99	118	77	54	52
Payable Days	121	136	123	98	92	96	150	108	74	73

Shanthi Gears Ltd Stock News

Shanthi Gears Ltd FAQs

What is the share price of Shanthi Gears?

Company share prices are keep on changing according to the market conditions. The closing price of Shanthi Gears on 05-Nov-2024 00:00 is ₹559.0.

What is the market cap of Shanthi Gears?

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 05-Nov-2024 00:00 the market cap of Shanthi Gears stood at ₹4,262.

What is the P/E ratio of Shanthi Gears?

The latest P/E ratio of Shanthi Gears as of 05-Nov-2024 00:00 is 47.15.

What is the P/B ratio of Shanthi Gears?

The latest P/B ratio of Shanthi Gears as of 05-Nov-2024 00:00 is 11.31.

What is the 52-week high and low of Shanthi Gears?

The 52-week high of Shanthi Gears is ₹703.5 and the 52-week low is ₹450.1.

What is the TTM revenue of Shanthi Gears?

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 â€˜Shanthi Engineering & Trading Co.â€™ 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 â€œquality gearsâ€. 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 Gearsâ€™ 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: