Shanthi Gears quarterly results and financials

Shanthi Gears (SHANTIGEAR)₹496.10−2.74%(9 Nov 2026 close)Industrial Products

Key facts

In the Jun 2026 quarter (standalone), Shanthi Gears reported sales of ₹116 Cr, down 14.4% from Jun 2025, and net profit of ₹9.86 Cr, down 56.6% year on year. For the year to Mar 2026, sales were ₹521 Cr and net profit ₹77.06 Cr.

Sales (Jun 2026): ₹116 Cr
Net profit (Jun 2026): ₹9.86 Cr
Sales (FY Mar 2026): ₹521 Cr
Net profit (FY Mar 2026): ₹77.06 Cr
EPS (Jun 2026): ₹1.27
Borrowings (Mar 2026): ₹0 Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

Shanthi Gears quarterly results

₹ crore unless stated; each column is a quarter.

Shanthi Gears Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	136	126	154	139	155	158	153	135	132	117	136	116
Expenses	107	102	127	110	121	123	122	105	106	93.96	111	101
Operating Profit	28.79	23.39	26.68	28.71	34.23	35.00	31.05	30.55	26.56	23.04	23.93	15.22
OPM %	21.3%	18.6%	17.3%	20.6%	22.1%	22.2%	20.2%	22.6%	20.1%	19.7%	17.7%	13.1%
Other Income	3.93	3.60	9.51	3.38	3.36	3.88	4.00	3.76	5.93	2.50	2.62	4.15
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12
Depreciation	3.02	3.02	4.23	3.10	3.24	3.42	3.58	3.67	3.79	3.92	4.72	5.07
Profit before tax	29.68	23.98	31.94	28.96	34.34	35.48	31.43	30.63	28.72	21.60	21.83	14.19
Tax %	29.1%	27.1%	19.5%	25.1%	25.2%	25.8%	28.4%	25.9%	25.0%	24.9%	25.3%	30.4%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−0.99	−1.99	0.00
Net Profit	21.04	17.46	25.71	21.68	25.64	26.32	22.47	22.72	21.53	16.22	16.28	9.86
EPS (Rs)	2.73	2.26	3.34	2.81	3.33	3.42	2.92	2.95	2.79	2.10	2.11	1.27

Shanthi Gears profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Shanthi Gears Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	164	184	214	243	243	216	338	447	537	606	521	501
Expenses	134	147	177	200	209	189	277	356	435	476	415	412
Operating Profit	31.07	36.08	37.09	41.06	35.06	27.04	60.11	90.16	102	129	104	88.75
OPM %	19.0%	20.0%	17.0%	17.0%	14.0%	12.0%	18.0%	20.0%	19.0%	21.0%	20.0%	17.7%
Other Income	8.99	10.99	11.98	11.99	6.99	7.99	8.99	10.99	20.98	14.99	14.99	15.20
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01	0.00	0.00	0.12
Depreciation	17.04	18.04	16.05	11.04	8.02	9.02	10.04	11.03	13.03	13.04	16.04	17.50
Profit before tax	23.01	28.03	33.04	42.02	33.03	26.01	59.02	90.03	110	130	103	86.34
Tax %	22.9%	20.9%	13.9%	20.9%	22.9%	22.9%	27.9%	25.9%	24.9%	25.9%	24.9%	—
Exceptional items	0.00	0.00	0.99	0.99	0.00	0.00	0.00	0.00	0.99	0.00	−2.99	−2.98
Net Profit	18.01	23.02	29.02	33.04	25.04	20.02	42.02	67.03	82.11	96.02	77.06	63.89
EPS (Rs)	2.16	2.74	3.49	4.07	3.27	2.62	5.53	8.71	10.69	12.49	9.96	8.27
Dividend payout %	23.1%	27.1%	29.1%	147.0%	61.1%	57.1%	45.0%	57.1%	47.1%	40.0%	50.1%	—

Shanthi Gears balance sheet

₹ crore, at each year end.

Shanthi Gears Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	7.98	7.98	7.97	7.97	7.97	7.98	7.99	7.98	7.98	7.99	7.97	7.98
Reserves	263	276	298	310	293	221	229	252	295	338	394	432
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	35.83	33.84	40.81	41.80	50.76	53.74	87.58	80.61	74.64	96.53	101	115
Total Liabilities	306	317	347	359	352	283	325	340	376	442	503	555
Fixed Assets	81.85	65.88	64.86	56.90	58.84	59.90	73.81	65.87	69.84	71.83	78.84	106
CWIP	3.98	0.00	0.99	0.00	0.00	5.98	0.00	2.99	1.99	3.98	4.98	25.91
Investments	15.96	62.88	69.87	114	124	78.81	46.90	49.84	56.82	44.87	87.81	74.77
Other Assets	205	189	212	189	170	138	205	221	248	321	331	348
Inventories	65.16	67.19	75.21	59.17	70.24	61.17	78.15	64.17	67.16	85.26	80.22	113
Trade receivables	37.06	39.07	46.12	55.14	57.15	38.06	47.07	72.14	68.13	118	137	116
Cash & equivalents	88.65	1.99	1.99	0.99	19.92	1.99	55.77	66.80	89.66	7.97	64.81	74.81
Total Assets	306	317	347	359	352	283	325	340	376	442	503	555

Shanthi Gears cash flow

₹ crore, for each year.

Shanthi Gears Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−6.01	46.06	14.01	42.01	27.01	56.08	31.05	35.03	63.03	36.02	91.08	70.09
Cash from investing activity	10.03	−43.14	−13.04	−26.05	40.08	24.06	−18.06	−16.03	−26.08	−12.04	−38.08	−45.14
Cash from financing activity	−5.01	−5.01	0.00	−16.99	−49.04	−97.99	−12.01	−19.01	−23.03	−39.01	−37.99	−38.02
Net cash flow	−1.01	−2.01	1.01	−1.01	18.04	−18.03	1.01	−1.01	14.03	−14.03	14.03	−14.02
Capex	3.99	10.98	5.99	5.99	11.97	17.97	14.96	5.99	14.96	19.95	23.96	52.85
Free cash flow	26.08	35.07	8.02	37.07	16.04	38.09	16.04	30.05	48.10	18.04	67.15	17.05
CFO / OP %	7.0%	179.1%	55.1%	131.1%	90.1%	182.1%	131.1%	83.1%	94.1%	61.1%	96.1%	95.1%

Shanthi Gears ratios

Working-capital days and returns, by year.

Shanthi Gears Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	87	86	92	95	85	58	80	78	56	80	83	81
Inventory days	371	403	397	238	237	192	275	141	113	121	103	168
Days payable	134	129	132	96	105	95	193	97	73	79	80	108
Cash conversion cycle	325	359	357	237	218	154	163	122	96	123	106	142
Working capital days	180	308	317	230	135	104	87	69	56	135	88	107
ROCE %	5.0%	7.9%	9.9%	9.9%	12.9%	12.0%	10.9%	24.0%	31.9%	33.0%	35.0%	25.9%

Shanthi Gears: frequently asked questions

What are the latest quarterly results of Shanthi Gears?

For the Jun 2026 quarter, Shanthi Gears reported sales of ₹116 Cr, down 14.4% year on year and net profit of ₹9.86 Cr, down 56.6% year on year. The operating margin was 13.1%.

What is the annual revenue of Shanthi Gears?

Shanthi Gears' sales for the year to Mar 2026 were ₹521 Cr; over the last twelve months they were ₹501 Cr.

What is the net profit of Shanthi Gears?

Net profit for the year to Mar 2026 was ₹77.06 Cr, and ₹63.89 Cr over the last twelve months. Earnings per share over the same trailing period were ₹8.27.

How much debt does Shanthi Gears have?

Shanthi Gears reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹74.81 Cr.

What is the free cash flow of Shanthi Gears?

Cash from operations was ₹70.09 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹17.05 Cr.

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