Shanti Gold

  • Market Cap: Micro Cap
  • Industry: Gems, Jewellery And Watches
  • ISIN: INE06ZD01017
  • NSEID: SHANTIGOLD
  • BSEID: 544459
INR
175.55
-9.25 (-5.01%)
BSENSE

Mar 23

BSE+NSE Vol: 8.2 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

8.2 lacs (149.22%) 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?

17-Mar-2026

As of 16-Mar, Shanti Gold International Ltd's stock price is declining, currently at Rs 181.00, down 3.75%. The stock has significantly underperformed the Sensex, hitting a new 52-week low and trading below moving averages, indicating a bearish trend despite increased investor participation.

As of 16-Mar, Shanti Gold International Ltd is experiencing a decline in its stock price, currently at Rs 181.00, which reflects a change of -7.05 (-3.75%). This downward movement is supported by several factors. The stock has underperformed significantly compared to the benchmark Sensex, with a weekly decline of -9.43% versus the Sensex's -2.66%. Over the past month, the stock has fallen by -15.18%, while the Sensex has decreased by -9.34%.<BR><BR>Today, the stock hit a new 52-week low of Rs 178.2 and has been on a consecutive decline for the last two days, accumulating a total drop of -10.51% during this period. Despite opening with a gain of 3.64% and reaching an intraday high of Rs 194.9, the stock faced significant selling pressure, leading to a low of Rs 178.2. The high volatility observed today, with an intraday volatility of 6.58%, indicates that the stock is experiencing considerable fluctuations in price.<BR><BR>Additionally, Shanti Gold is trading below its moving averages across various time frames, which typically signals a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 58.85% against the 5-day average, this has not been sufficient to counteract the overall negative sentiment surrounding the stock. <BR><BR>In summary, the combination of poor recent performance, hitting a new low, and trading below moving averages contributes to the current decline in Shanti Gold International Ltd's 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

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Gems, Jewellery And Watches

stock-summary
Market cap

INR 1,282 Cr (Micro Cap)

stock-summary
P/E

10.00

stock-summary
Industry P/E

49

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.23

stock-summary
Return on Equity

10.30%

stock-summary
Price to Book

2.45

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
-10.96%
0%
-10.96%
6 Months
-21.37%
0%
-21.37%
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

News

Shanti Gold International Ltd Declines 1.73%: Valuation Shift Amid Volatile Week

Announcements stock-summary

Board Meeting Outcome for Board Meeting Outcome Held On Thursday March 19 2026

19-Mar-2026 | Source : BSE

Outcome of Board Meeting held on Thursday March 19 2026 Ref: Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) 1) Re-appointment of Mr. Pankajkumar Jagawat (DIN: 01843846) as Managing Director of the Company for a period of 5 years with effect from September 01 2026 to August 31 2031 and increase in the remuneration payable to him with effect from February 01 2026 subject to the approval of shareholders through Postal Ballot. 2) Re-appointment of Mr. Manojkumar Jain (DIN: 01817027) as Whole-time Director of the Company for a period of 5 years with effect from September 01 2026 to August 31 2031 and increase in the remuneration payable to him with effect from February 01 2026 subject to the approval of shareholders through Postal Ballot

Announcement under Regulation 30 (LODR)-Change in Directorate

19-Mar-2026 | Source : BSE

Intimation of Re-appointment of Mr. Pankajkumar Jagawat as Managing Director and Mr. Manojkumar Jain as Whole-time Director for a further period of 5years

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

24-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
10
Industry P/E
49
Price to Book Value
2.34
EV to EBIT
16.18
EV to EBITDA
15.18
EV to Capital Employed
2.08
EV to Sales
1.26
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
12.89%
ROE (Latest)
10.30%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
RSI
No Signal
Bollinger Bands
Bearish
KST
Dow Theory
Bearish
Bearish
OBV
No Trend
Bullish
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(%)"
      ],
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        {
          "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