Shanti Gold

  • Market Cap: Micro Cap
  • Industry: Gems, Jewellery And Watches
  • ISIN: INE06ZD01017
  • NSEID: SHANTIGOLD
  • BSEID: 544459
INR
174.53
-1.93 (-1.09%)
BSENSE

Mar 25

BSE+NSE Vol: 3.64 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

3.64 lacs (-0.91%) 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?

18-Mar-2026

As of 17-Mar, Shanti Gold International Ltd's stock price is at Rs 180.05, down 1.15%, and has significantly underperformed with a 9.84% decline over the past week. Despite increased investor participation, the stock remains close to its 52-week low and is trading below its moving averages, indicating a bearish trend.

As of 17-Mar, Shanti Gold International Ltd's stock price is falling, currently at Rs 180.05, reflecting a decrease of Rs 2.1 or 1.15%. The stock has been underperforming significantly, with a decline of 9.84% over the past week and 17.43% over the past month, compared to the Sensex, which has decreased by 2.73% and 8.84%, respectively. <BR><BR>Today, the stock is close to its 52-week low, just 1.03% away from Rs 178.2, and it has experienced a consecutive fall over the last three days, resulting in a total drop of 10.98% during this period. Additionally, Shanti Gold is trading below its moving averages across various time frames, indicating a bearish trend. <BR><BR>Despite these negative indicators, there has been a rise in investor participation, with delivery volume increasing by 33.28% against the five-day average, suggesting some interest in the stock. However, the overall performance today has underperformed the sector by 1.16%. <BR><BR>While the company has shown healthy long-term growth in net sales and operating profit, these positive factors have not translated into stock price stability in the short term, leading to the current decline in its market value.

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Why is Shanti Gold International Ltd falling/rising?

19-Mar-2026

As of 18-Mar, Shanti Gold International Ltd's stock price is rising to Rs 190.15, up 5.0% after a trend reversal. Increased investor participation and strong financial growth support this upward movement despite trading below moving averages.

As of 18-Mar, Shanti Gold International Ltd's stock price is rising, currently at Rs 190.15, reflecting an increase of Rs 9.05 or 5.0%. This upward movement follows a trend reversal after three consecutive days of decline. The stock has outperformed its sector by 3.56% today, indicating a positive shift in investor sentiment. <BR><BR>Additionally, the stock reached an intraday high of Rs 191.5, which is a 5.74% increase. There has also been a notable rise in investor participation, with delivery volume increasing by 40.68% compared to the 5-day average, suggesting heightened interest in the stock. <BR><BR>Despite trading below its moving averages across various time frames, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 55.50% and operating profit rising by 84.96%. The positive financial results declared in recent quarters, including a 52.5% growth in profit after tax and record net sales, further support the stock's upward movement. Overall, these factors contribute to the current rise in Shanti Gold International Ltd's stock price.

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Why is Shanti Gold International Ltd falling/rising?

20-Mar-2026

As of 19-Mar, Shanti Gold International Ltd's stock price is at Rs 184.20, down 3.13%, and has significantly underperformed the Sensex. The stock is nearing its 52-week low and shows a bearish trend with decreased investor participation and a decline in the broader sector.

As of 19-Mar, Shanti Gold International Ltd's stock price is falling, currently at Rs 184.20, which reflects a decrease of Rs 5.95 or 3.13%. The stock has underperformed compared to the benchmark Sensex, which has only declined by 2.40% over the past week. Over the last month, the stock has dropped by 13.52%, significantly more than the Sensex's 10.05% decline.<BR><BR>Today's performance indicates that the stock is close to its 52-week low, being just 3.26% away from Rs 178.2. It has also touched an intraday low of Rs 183.05, marking a decrease of 3.73%. Furthermore, Shanti Gold is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.<BR><BR>Investor participation has decreased, with delivery volume dropping by 21.66% compared to the 5-day average, indicating reduced interest in trading the stock. Additionally, the broader sector of Diamond & Gold Jewellery has also seen a decline of 2.56%, which may be contributing to the negative sentiment surrounding Shanti Gold International Ltd. Overall, these factors collectively explain the current downward movement in the stock's price.

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Why is Shanti Gold International Ltd falling/rising?

21-Mar-2026

As of 20-Mar, Shanti Gold International Ltd's stock price is Rs 183.90, showing a slight increase but overall underperforming with a 2.21% decline over the past week and a 12.32% drop in the last month. The stock is near its 52-week low and has been trading below its moving averages, indicating a bearish trend and declining investor participation.

As of 20-Mar, Shanti Gold International Ltd's stock price is currently at Rs 183.90, reflecting a slight increase of 0.65 (0.35%). Despite this small rise, the stock has been underperforming in various time frames. Over the past week, it has decreased by 2.21%, and in the last month, it has fallen by 12.32, which is significantly worse than the Sensex's decline of only 0.04% during the same period. Year-to-date, the stock is down 2.26%, while the Sensex has dropped 12.54%.<BR><BR>The stock is also trading close to its 52-week low, being just 3.1% away from Rs 178.2. Additionally, it has underperformed its sector by 1.27% today and is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This indicates a bearish trend in the stock's performance.<BR><BR>Investor participation appears to be declining, as evidenced by a delivery volume of 1.33 lacs on March 19, which is down by 15.87% compared to the 5-day average. While the stock remains liquid enough for trading, these factors collectively suggest that Shanti Gold International Ltd is experiencing downward pressure, contributing to its overall negative performance in the market.

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Why is Shanti Gold International Ltd falling/rising?

24-Mar-2026

As of 23-Mar, Shanti Gold International Ltd's stock price is at Rs 175.55, down 5.01% and hitting a new 52-week low. The stock has shown significant declines over the past week and month, with low trading volume indicating reduced investor interest, despite some positive long-term growth indicators.

As of 23-Mar, Shanti Gold International Ltd's stock price is falling, currently at Rs 175.55, which reflects a decrease of Rs 9.25 or 5.01%. The stock has hit a new 52-week low of Rs 169.3 today, indicating significant downward pressure. Over the past week, the stock has declined by 3.62%, and in the last month, it has fallen by 19.66, which is considerably worse than the Sensex's decline of 12.72% during the same period.<BR><BR>The stock's performance today has been characterized by a low trading volume, with delivery volume dropping by 64.29% compared to the 5-day average, suggesting a lack of investor interest. Additionally, Shanti Gold is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically indicates a bearish trend. The broader sector, Diamond & Gold Jewellery, has also seen a decline of 6.1%, contributing to the negative sentiment surrounding the stock.<BR><BR>Despite some positive long-term growth indicators, such as a 55.50% annual growth rate in net sales and a 52.5% increase in profit after tax in recent quarters, the immediate market reaction has been unfavorable, leading to the current decline in stock price.

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Why is Shanti Gold International Ltd falling/rising?

25-Mar-2026

As of 24-Mar, Shanti Gold International Ltd's stock price is Rs 176.10, reflecting a decline of 0.11%. The stock is underperforming, trading below key moving averages, and is close to its 52-week low, indicating a bearish trend.

As of 24-Mar, Shanti Gold International Ltd's stock price is falling, currently at Rs 176.10, which reflects a decrease of Rs 0.2 or 0.11%. The stock has been underperforming, having lost 4.71% over the last two days and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock is close to its 52-week low, being only 3.86% away from Rs 169.3. <BR><BR>In terms of performance relative to the benchmark, the stock has declined by 18.28% over the past month, compared to a 9.92% drop in the Sensex. Year-to-date, it has also decreased by 6.40%, while the Sensex has fallen by 13.09%. Although there has been a significant increase in delivery volume, which rose by 384.66% against the 5-day average, this has not translated into a positive price movement. Overall, the combination of consecutive price falls, underperformance against the sector, and trading below moving averages indicates a bearish trend for Shanti Gold International Ltd.

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Why is Shanti Gold International Ltd falling/rising?

26-Mar-2026

As of 25-Mar, Shanti Gold International Ltd's stock price is at 175.35, reflecting a decline of 0.43%. The stock has underperformed significantly, with a 7.78% drop over the past week and is trading below all key moving averages, indicating a bearish trend.

As of 25-Mar, Shanti Gold International Ltd's stock price is falling, currently at 175.35, which reflects a decrease of 0.75 or 0.43%. The stock has been underperforming significantly, with a decline of 7.78% over the past week and 16.50% over the past month, compared to the Sensex, which has only decreased by 1.87% and 8.51%, respectively. <BR><BR>Today marks the third consecutive day of decline for the stock, which has seen a total drop of 5.11% during this period. Additionally, the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. <BR><BR>The stock is also close to its 52-week low, being just 3.45% away from the low of Rs 169.3. Despite a rise in investor participation, with delivery volume increasing by 16.64% against the 5-day average, the overall performance has been weak, underperforming its sector by 4.04%. <BR><BR>While the company has reported healthy long-term growth in net sales and operating profit, these positive factors have not translated into stock price stability in the short term, leading to the current downward trend.

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iScoreScore
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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 2.1 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 1,307 Cr (Micro Cap)

stock-summary
P/E

10.00

stock-summary
Industry P/E

47

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.23

stock-summary
Return on Equity

10.30%

stock-summary
Price to Book

2.36

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
-9.04%
0%
-9.04%
6 Months
-18.6%
0%
-18.6%
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

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
47
Price to Book Value
2.33
EV to EBIT
16.16
EV to EBITDA
15.16
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
Mildly Bearish
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
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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ",
    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 48.10% vs 46.90% in Sep 2025",
        "dir": 1
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        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is -8.42% vs 77.84% in Sep 2025",
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      }
    ],
    "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