SHANTIGOLD Share Price | Shanti Gold International Ltd Stock Analysis & Recommendation

Q: When is the next results date for Shanti Gold?

The next results date for Shanti Gold is scheduled for 04 November 2025.

Q: How has been the historical performance of Shanti Gold?

Answer:The historical performance of Shanti Gold shows significant growth in various financial metrics from March 2024 to March 2025.Breakdown:In the standalone annual results for March 2025, Shanti Gold reported net sales of 1,106.41 crore, a substantial increase from 711.43 crore in March 2024. Total operating income mirrored this growth, reaching 1,106.41 crore compared to 711.43 crore the previous year. However, raw material costs also rose sharply to 1,016.96 crore from 693.91 crore, contributing to a total expenditure of 1,014.76 crore, up from 661.59 crore. Despite these rising costs, the operating profit (PBDIT) increased to 97.71 crore from 53.44 crore, resulting in an operating profit margin of 8.28%, up from 7.01%. Profit before tax rose to 72.83 crore from 35.82 crore, leading to a profit after tax of 55.84 crore, compared to 26.87 crore in the prior year, reflecting a PAT margin increase to 5.05% from 3.78%. On the balance sheet, total assets grew to 419.83 crore from 325.40 crore, while total liabilities also increased to 419.83 crore from 325.40 crore. Cash flow from operating activities remained negative at -15.00 crore, though cash and cash equivalents at the end of March 2025 were stable at 3.00 crore, unchanged from the previous year. Overall, Shanti Gold demonstrated strong revenue growth and improved profitability, despite rising costs and negative cash flow from operations.

Q: Is Shanti Gold overvalued or undervalued?

As of 10 November 2025, the valuation grade for Shanti Gold has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE Ratio of 29.38, an EV to EBITDA of 20.29, and a ROE of 36.65%. In comparison to its peers, Shanti Gold's valuation metrics stand out, with Titan Company showing a much higher PE of 81.74 and Kalyan Jewellers at 56.58. This suggests that Shanti Gold is priced at a premium relative to its industry counterparts. Notably, the company has underperformed the Sensex over the past week, with a stock return of -7.41% compared to the Sensex's -0.53%, which further underscores its overvaluation in the current market context.

Q: Should I buy, sell or hold Shanti Gold International Ltd?

Based on the information available, Shanti Gold International Ltd presents a compelling case for a buy. The company has demonstrated impressive long-term growth, with net sales increasing at an annual rate of 55.50% and operating profit growing at 84.96%. Recent quarterly results also reflect strong performance, with a 48.1% growth in net sales and a significant increase in profit after tax, which rose by 52.5% compared to the previous four-quarter average.Additionally, the company’s return on capital employed (ROCE) stands at 12.9, indicating an attractive valuation, especially with a low enterprise value to capital employed ratio of 2.4. The stock has also shown a notable profit increase of 108% over the past year, which adds to its positive outlook.However, there are risks to consider. The company has a high debt level, with a debt-to-equity ratio averaging 1.52 times, which could pose financial challenges. Furthermore, the absence of domestic mutual fund investments might suggest a lack of confidence from institutional investors, potentially indicating concerns about the company's valuation or business fundamentals.In summary, if you are comfortable with the risks associated with high debt and the lack of institutional backing, it may be a good time to buy. Otherwise, you might consider holding or further evaluating the situation before making a decision.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

58.59 lacs (342.54%) Volume

Shareholding (Mar 2026)

FII

2.18%

Held by 15 FIIs

DII

2.13%

Held by 0 DIIs

Promoter

74.89%

When is the next results date for Shanti Gold?

30-Oct-2025

The next results date for Shanti Gold is 04 November 2025.

View full answer

How has been the historical performance of Shanti Gold?

06-Nov-2025

Shanti Gold experienced significant growth from March 2024 to March 2025, with net sales increasing to 1,106.41 crore and profit after tax rising to 55.84 crore. Despite higher raw material costs and negative cash flow from operations, the company improved its operating profit margin to 8.28%.

View full answer

Is Shanti Gold overvalued or undervalued?

11-Nov-2025

As of November 10, 2025, Shanti Gold is considered very expensive and overvalued with a PE Ratio of 29.38, an EV to EBITDA of 20.29, and a ROE of 36.65%, underperforming the Sensex with a -7.41% stock return compared to the Sensex's -0.53%.

View full answer

Should I buy, sell or hold Shanti Gold International Ltd?

05-May-2026

Why is Shanti Gold International Ltd falling/rising?

06-May-2026

As of 05-May, Shanti Gold International Ltd's stock price is rising to 202.90, reflecting a 0.92% increase. This rise is driven by strong relative performance, increased investor participation, and positive short-term trends in moving averages.

View full answer

Which are the latest news on Shanti Gold?

06-May-2026

Shanti Gold International Ltd Upgraded to Buy on Improved Fundamentals and Technicals
Shanti Gold International Ltd Shows Mildly Bullish Momentum Amid Technical Shift

Compare Shanti Gold with Similar Stocks

Khazanchi Jewell Motisons Jewel Shringar House

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

High Debt Company with a Debt to Equity ratio (avg) of 1.52 times

High Debt Company with a Debt to Equity ratio (avg) of 1.52 times

Healthy long term growth as Net Sales has grown by an annual rate of 55.50% and Operating profit at 84.96%

With a growth in Net Sales of 48.1%, the company declared Very Positive results in Dec 25

With ROCE of 12.9, it has a Fair valuation with a 2.6 Enterprise value to Capital Employed

Despite the size of the company, domestic mutual funds hold only 0% of the company

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Gems, Jewellery And Watches

Market cap

INR 1,457 Cr (Micro Cap)

P/E

13.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.23

Return on Equity

10.30%

Price to Book

2.73

Revenue and Profits:

Net Sales:

637 Cr

(Quarterly Results - Dec 2025)

Net Profit:

40 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

8.8%

6 Months

-5.72%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Shanti Gold for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Shanti Gold International Ltd Upgraded to Buy on Improved Fundamentals and Technicals

Shanti Gold International Ltd, a micro-cap player in the Gems, Jewellery and Watches sector, has seen its investment rating upgraded from Hold to Buy as of 5 May 2026. This upgrade reflects significant improvements across technical indicators, valuation metrics, and financial trends, signalling renewed investor confidence in the company’s prospects amid a challenging market backdrop.

Read full news article

Shanti Gold International Ltd Shows Mildly Bullish Momentum Amid Technical Shift

Shanti Gold International Ltd, a micro-cap player in the Gems, Jewellery and Watches sector, has exhibited a notable shift in its technical momentum from mildly bearish to mildly bullish. This change is underscored by key technical indicators such as the MACD, Bollinger Bands, and Dow Theory signals on the weekly timeframe, suggesting a cautiously optimistic outlook for investors amid mixed broader market conditions.

Read full news article

Shanti Gold International Ltd Valuation Shifts Signal Attractive Entry Point

Shanti Gold International Ltd has seen a notable shift in its valuation parameters, moving from a fair to an attractive rating, driven primarily by its price-to-earnings (P/E) and price-to-book value (P/BV) ratios. This revaluation comes amid mixed sector performance and evolving market sentiment in the Gems, Jewellery and Watches industry, offering investors a fresh perspective on the micro-cap stock’s price attractiveness relative to peers and historical benchmarks.

Read full news article

Announcements

Shareholder Meeting / Postal Ballot-Scrutinizers Report

25-Apr-2026 | Source : BSE

Voting Results of Postal Ballot alongwith Scrutinizers Report

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

25-Apr-2026 | Source : BSE

Voting Results of Postal Ballot alongwith Scrutinizers Report

Business Update - Q4 FY26

14-Apr-2026 | Source : BSE

Business Update - Q4 FY26

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

55.50%

EBIT Growth (5y)

84.96%

EBIT to Interest (avg)

3.86

Debt to EBITDA (avg)

2.33

Net Debt to Equity (avg)

1.44

Sales to Capital Employed (avg)

2.16

Tax Ratio

23.33%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

4.31%

ROCE (avg)

17.71%

ROE (avg)

32.22%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.98

EV to EBIT

20.24

EV to EBITDA

18.99

EV to Capital Employed

2.61

EV to Sales

1.57

PEG Ratio

Dividend Yield

ROCE (Latest)

12.89%

ROE (Latest)

10.30%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Bullish

KST

Dow Theory

Mildly Bullish

OBV

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 15 FIIs (2.18%)

Promoter with highest holding

Manojkumar N Jain (37.43%)

Highest Public shareholder

None

Individual Investors Holdings

14.45%

Financial

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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

636.93

430.08

48.10%

Operating Profit (PBDIT) excl Other Income

60.18

60.60

-0.69%

Interest

4.42

4.22

4.74%

Exceptional Items

0.00

Standalone Net Profit

40.13

43.82

-8.42%

Operating Profit Margin (Excl OI)

9.45%

14.09%

-4.64%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 48.10% vs 46.90% in Sep 2025

Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is -8.42% vs 77.84% in Sep 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

722.85

505.90

42.88%

Operating Profit (PBDIT) excl Other Income

99.02

32.43

205.33%

Interest

9.47

8.75

8.23%

Exceptional Items

0.00

Standalone Net Profit

68.46

18.25

275.12%

Operating Profit Margin (Excl OI)

13.70%

6.41%

7.29%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

1,359.78

809.12

68.06%

Operating Profit (PBDIT) excl Other Income

159.20

60.58

162.79%

Interest

13.89

13.99

-0.71%

Exceptional Items

0.00

Standalone Net Profit

108.59

35.88

202.65%

Operating Profit Margin (Excl OI)

11.71%

7.49%

4.22%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

1,106.41

711.43

55.52%

Operating Profit (PBDIT) excl Other Income

91.65

49.84

83.89%

Interest

19.22

14.28

34.59%

Exceptional Items

0.00

Standalone Net Profit

55.84

26.87

107.82%

Operating Profit Margin (Excl OI)

8.28%

7.01%

1.27%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Annual Results

Company CV

About Shanti Gold International Ltd

Shanti Gold International Ltd

Micro Cap

Gems, Jewellery And Watches

No Details Available.

Company Coordinates

No Company Details Available