Shanti Gold International Ltd
NSE: SHANTIGOLD BSE: 544459
Incorporated in 2003, Shanti Gold International Ltd offers a wide range of designs and products of 22KT CZ gold jewellery.[1]
₹212
52W: ₹155 — ₹274
PE 12 · Book ₹75.2 · +182% vs bookMarket Cap₹1,527 Cr
Stock P/E12Price to Earnings
ROCE26.2%Return on Capital
ROE44.8%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has a good return on equity (ROE) track record: 3 Years ROE 38.3%
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
Shareholding Pattern
Promoters74.89%
FIIs2.18%
DIIs2.13%
Public20.81%
| Category | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|
| Promoters | 74.89% | 74.89% | 74.89% |
| FIIs | 2.68% | 2.21%▼0.5 | 2.18%▼0.0 |
| DIIs | 4.01% | 2.29%▼1.7 | 2.13%▼0.2 |
| Public | 18.44% | 20.61%▲2.2 | 20.81%▲0.2 |
Financial Statements
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Sales | 240 | 266 | 303 | 297 | 293 | 430 | 637 |
| Expenses | 225 | 249 | 275 | 266 | 254 | 369 | 577 |
| Operating Profit | 15 | 17 | 28 | 31 | 38 | 61 | 60 |
| OPM % | 6% | 6% | 9% | 10% | 13% | 14% | 9% |
| Net Profit | 9 | 9 | 18 | 19 | 25 | 44 | 40 |
| EPS ₹ | 9.99 | 10.28 | 3.26 | 3.54 | 4.56 | 6.08 | 5.57 |
AI Insights
Revenue Trend
TTM revenue at ₹1,657Cr, up 49.8% YoY. OPM at 11%.
Debt Position
Borrowings at ₹184Cr. Debt-to-equity ratio: 0.39x. Healthy balance sheet.
Capex Cycle
CWIP at ₹9Cr (16% of fixed assets). Moderate ongoing capital expenditure.
Margin & Efficiency
ROCE improving from 0% (Mar 2021) to 26% (Mar 2025). Working capital days: 34.
Valuation
PE 12x with 26.2% ROCE. Price is 182% above book value of ₹75.2. Dividend yield: 0%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2m - Intimation of Earnings Call for the quarter and year ended March 31, 2026
- Board Meeting Intimation for Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2026 2d - Board meeting on May 21, 2026 to approve audited results for quarter and year ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 11 May - Acuite report for Q4 FY2025-26 shows IPO proceeds fully aligned with stated objects, with no deviation.
- Change In Accounting Policy - Disclosure Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015 11 May - Board approved inventory valuation change from FIFO to WAC, effective April 1, 2024 retrospectively.
- Board Meeting Outcome for Board Meeting Held On Monday, May 11, 2026 11 May - Board approved inventory valuation change from FIFO to WAC, retrospectively from April 1, 2024.
- Financial Year 2025 from web
- Rating update 27 Apr from infomerics
- Rating update 3 Feb from infomerics