Shanti Gold

  • Market Cap: Micro Cap
  • Industry: Gems, Jewellery And Watches
  • ISIN: INE06ZD01017
  • NSEID: SHANTIGOLD
  • BSEID: 544459
INR
189.90
-12.35 (-6.11%)
BSENSE

Mar 13

BSE+NSE Vol: 3.3 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

3.3 lacs (45.92%) Volume

Shareholding (Dec 2025)

FII

2.21%

Held by 16 FIIs

DII

2.28%

Held by 1 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.

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

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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%.

Answer:<BR>The historical performance of Shanti Gold shows significant growth in various financial metrics from March 2024 to March 2025.<BR><BR>Breakdown:<BR>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.

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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%.

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%. <BR><BR>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.

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Why is Shanti Gold International Ltd falling/rising?

12-Mar-2026

As of 11-Mar, Shanti Gold International Ltd's stock price is at 198.10, down 0.8% and reflecting a bearish trend with a 3.88% decline over the last three days. Despite strong long-term growth, recent investor participation has decreased, contributing to the stock's falling price amidst a lack of confidence.

As of 11-Mar, Shanti Gold International Ltd's stock price is currently at 198.10, reflecting a decrease of 1.6 points or 0.8%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.88% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment among investors.<BR><BR>Despite outperforming its sector by 1.12% today, the overall performance has been affected by a significant drop in investor participation, with delivery volume decreasing by 9.8% compared to the 5-day average. This decline in trading activity suggests a lack of confidence among investors, contributing to the stock's falling price.<BR><BR>On a broader scale, while the company has shown healthy long-term growth with a 55.50% annual increase in net sales and a 84.96% rise in operating profit, these positive factors have not been sufficient to counteract the recent negative price movements. The stock has also seen a year-to-date increase of 5.29%, which contrasts with the negative performance of the benchmark Sensex, which has declined by 9.81% over the same period. However, the recent short-term performance and the current price drop indicate that investors are reacting to immediate market conditions rather than the company's long-term potential.

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Why is Shanti Gold International Ltd falling/rising?

13-Mar-2026

As of 12-Mar, Shanti Gold International Ltd's stock price is rising to Rs 201.90, reflecting a 1.58% increase after a trend reversal. Despite recent declines, the stock shows resilience with a year-to-date increase of 7.31%, supported by strong financial performance and positive investor sentiment.

As of 12-Mar, Shanti Gold International Ltd's stock price is rising, currently at Rs 201.90, reflecting an increase of Rs 3.15 or 1.58%. This upward movement follows a trend reversal after three consecutive days of decline. The stock has outperformed its sector by 1.8% today, indicating a positive shift in investor sentiment. Additionally, the stock reached an intraday high of Rs 205.1, showcasing its potential for recovery.<BR><BR>Despite a recent decline over the past week and month, where the stock fell by 1.54% and 7.51% respectively, it has shown resilience with a year-to-date increase of 7.31%. The company's strong financial performance, highlighted by a significant growth in net sales and operating profit, supports this positive price movement. Specifically, net sales grew by 48.1%, and the company reported a PAT of Rs 40.13 crore, which is a 52.5% increase compared to the previous four-quarter average.<BR><BR>While there are concerns regarding falling investor participation, as indicated by a 24.5% decrease in delivery volume, the overall financial health and growth prospects of Shanti Gold International Ltd contribute to its rising stock price. The company's fair valuation and healthy long-term growth potential further bolster investor confidence, leading to the current rise in stock price.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

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

  • High Debt Company with a Debt to Equity ratio (avg) at 1.52 times
2

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

 
3

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

4

With ROCE of 12.9, it has a Attractive valuation with a 2.2 Enterprise value to Capital Employed

5

Falling Participation by Institutional Investors

stock-summaryMojo Parameters

Mojo Parameters

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Stock DNA

stock-summary
Industry

Gems, Jewellery And Watches

stock-summary
Market cap

INR 1,442 Cr (Micro Cap)

stock-summary
P/E

25.00

stock-summary
Industry P/E

50

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.23

stock-summary
Return on Equity

10.30%

stock-summary
Price to Book

2.69

Revenue and Profits:
Net Sales:
637 Cr
(Quarterly Results - Dec 2025)
Net Profit:
40 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-1.86%
0%
-1.86%
6 Months
-15.2%
0%
-15.2%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Shanti Gold for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

24-Feb-2026 | Source : BSE

Intimation - Meeting with Analysts / Investors

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

17-Feb-2026 | Source : BSE

Transcript - Q3FY26 Earnings Call

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

13-Feb-2026 | Source : BSE

Intimation - Meeting with Analysts / Investors

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

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
0
Pledged Shares
0
Institutional Holding
4.50%
ROCE (avg)
17.71%
ROE (avg)
32.22%

Valuation key factors

Factor
Value
P/E Ratio
25
Industry P/E
50
Price to Book Value
2.53
EV to EBIT
17.38
EV to EBITDA
16.31
EV to Capital Employed
2.24
EV to Sales
1.35
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
12.89%
ROE (Latest)
10.30%

Technicals key factors

Indicator
Weekly
Monthly
MACD
RSI
No Signal
Bollinger Bands
Bearish
KST
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 16 FIIs (2.21%)

Promoter with highest holding

Manojkumar N Jain (37.43%)

Highest Public shareholder

None

Individual Investors Holdings

16.01%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 48.10% vs 46.90% in Sep 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is -8.42% vs 77.84% in Sep 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Sep'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "636.93",
          "val2": "430.08",
          "chgp": "48.10%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "60.18",
          "val2": "60.60",
          "chgp": "-0.69%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "4.42",
          "val2": "4.22",
          "chgp": "4.74%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "40.13",
          "val2": "43.82",
          "chgp": "-8.42%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "9.45%",
          "val2": "14.09%",
          "chgp": "-4.64%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "alert": "No Half Yearly Results declared by Shanti Gold"
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Shanti Gold"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "alert": "No Annual Results declared by Shanti Gold"
  }
]

Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

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
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.
Direction Arrows
Net Sales

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

Direction Arrows
Standalone Net Profit

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

stock-summaryCompany CV
About Shanti Gold International Ltd stock-summary
stock-summary
Shanti Gold International Ltd
Micro Cap
Gems, Jewellery And Watches
No Details Available.
Company Coordinates stock-summary
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No Company Details Available