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: Are Shanti Gold International Ltd latest results good or bad?

Shanti Gold International Ltd's latest results for Q4 FY26 can be characterized as strong, showcasing significant growth and profitability improvements. The company reported a net profit of ₹51.93 crores, which is an impressive 465.18% increase year-on-year. Revenue also surged by 121.65% year-on-year, reaching ₹658.93 crores, marking the highest quarterly sales in the company's history.Additionally, the company's PAT margin improved to 7.88%, up from 3.09% in the same quarter last year, reflecting enhanced operational efficiency and cost management. The operating profit margin also saw a notable increase, indicating that the company is effectively leveraging its higher sales volume.However, while these results are positive, there are underlying concerns regarding the company's financial health. Shanti Gold has faced persistent negative operating cash flows over the past five years, which raises questions about the sustainability of its growth. The company's debt-to-equity ratio is relatively high at 1.44, suggesting increased financial leverage, which could limit its flexibility in adverse market conditions.In summary, while Shanti Gold's latest results are impressive in terms of growth and profitability, potential investors should consider the company's cash flow issues and leverage before making investment decisions.

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

Based on the current performance and growth indicators of Shanti Gold International Ltd, it appears to be a compelling option for buying. The company has demonstrated impressive long-term growth, with net sales increasing at an annual rate of 55.50% and operating profit growing by 84.96%. Additionally, the net profit has risen by 29.4%, and the company has reported positive results for the last three consecutive quarters.The recent quarterly figures are also noteworthy, with net sales reaching a high of Rs 658.93 crore and PBT (less other income) at Rs 60.86 crore. The return on capital employed (ROCE) stands at an attractive 28.9, and the enterprise value to capital employed ratio of 2.7 suggests a favorable valuation.However, it's important to consider the risks associated with the company. Shanti Gold has a high debt level, with a debt-to-equity ratio of 1.52, which could pose financial risks if not managed properly. Additionally, the lack of investment from domestic mutual funds, holding 0% of the company, may indicate a lack of confidence in its valuation or business model.In summary, if you are comfortable with the risks associated with high debt and the lack of institutional support, buying Shanti Gold International Ltd could be a worthwhile decision given its strong growth metrics. Otherwise, you might consider holding or selling if you are risk-averse.

Results Declared: Shanti Gold has declared results on 21 May 2026! Click here to unlock the latest financial performance

Mojo Score Change: Shanti Gold has changed its score on 22 May 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

9.42 lacs (3.08%) 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

Are Shanti Gold International Ltd latest results good or bad?

22-May-2026

Shanti Gold International Ltd's latest Q4 FY26 results are strong, with a net profit increase of 465.18% and revenue growth of 121.65%. However, concerns about persistent negative operating cash flows and a high debt-to-equity ratio suggest caution for potential investors.

View full answer

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

23-May-2026

Which are the latest news on Shanti Gold?

24-May-2026

Are Shanti Gold International Ltd latest results good or bad?
Shanti Gold International Q4 FY26: Stellar Growth Masks Valuation Concerns

Why is Shanti Gold International Ltd falling/rising?

25-May-2026

As of 24-May, Shanti Gold International Ltd's stock price has risen to 229.15, reflecting a 1.2 (0.53%) increase, driven by strong recent performance and heightened investor interest. The stock has outperformed the Sensex significantly, gaining 21.79% year-to-date, while investor participation has surged, indicating confidence in its bullish trend.

View full answer

Compare Shanti Gold with Similar Stocks

Shringar House Khazanchi Jewell D.P. Abhushan

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

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 Profit of 29.4%, the company declared Very Positive results in Mar 26

With ROCE of 28.9, it has a Attractive valuation with a 2.7 Enterprise value to Capital Employed

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Gems, Jewellery And Watches

Market cap

INR 1,649 Cr (Micro Cap)

P/E

10.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.23

Return on Equity

25.86%

Price to Book

3.04

Revenue and Profits:

Net Sales:

659 Cr

(Quarterly Results - Mar 2026)

Net Profit:

52 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

9.03%

6 Months

7.14%

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 Strong Financials and Attractive Valuation

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 22 May 2026. This upgrade reflects significant improvements across valuation metrics, financial trends, quality assessments, and technical indicators, signalling renewed investor confidence in the company’s prospects.

Read full news article

Shanti Gold International Ltd Valuation Turns Attractive Amid Strong Market Outperformance

Shanti Gold International Ltd has seen a notable shift in its valuation parameters, moving from a fair to an attractive rating, driven by improved price-to-earnings and price-to-book ratios relative to its historical averages and industry peers. This re-rating accompanies robust returns on capital and equity, positioning the micro-cap jewellery firm favourably within the Gems, Jewellery And Watches sector.

Read full news article

Are Shanti Gold International Ltd latest results good or bad?

Shanti Gold International Ltd reported its financial results for the quarter ending March 2026, showcasing significant revenue and profit growth. The company achieved a net profit of ₹51.93 crores, reflecting a substantial year-on-year increase of 465.18%. Revenue for the quarter reached ₹658.93 crores, marking a year-on-year growth of 121.65% and a quarter-on-quarter increase of 3.45%. This performance is attributed to strong demand in the domestic jewellery market, leading to the highest quarterly sales in the company's history. The operating profit margin, excluding other income, improved to 10.17%, up by 308 basis points from the previous year. The PAT margin also saw a notable rise, reaching 7.88%, nearly tripling from 3.09% in the same quarter last year. These metrics indicate effective cost management and operational leverage benefits from increased sales volumes. However, despite these impressive ...

Read full news article

Announcements

No announcement available

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)

6.05

Debt to EBITDA (avg)

2.38

Net Debt to Equity (avg)

1.44

Sales to Capital Employed (avg)

2.16

Tax Ratio

23.98%

Dividend Payout Ratio

Pledged Shares

0.01%

Institutional Holding

4.31%

ROCE (avg)

17.35%

ROE (avg)

32.22%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

3.04

EV to EBIT

9.18

EV to EBITDA

8.90

EV to Capital Employed

2.65

EV to Sales

0.88

PEG Ratio

Dividend Yield

ROCE (Latest)

28.91%

ROE (Latest)

25.86%

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

0.01

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) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

658.93

636.93

3.45%

Operating Profit (PBDIT) excl Other Income

67.01

60.18

11.35%

Interest

4.45

4.42

0.68%

Exceptional Items

0.00

Standalone Net Profit

51.93

40.13

29.40%

Operating Profit Margin (Excl OI)

10.17%

9.45%

0.72%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is 3.45% vs 48.10% in Dec 2025

Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is 29.40% vs -8.42% in Dec 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'26

Mar'26

Mar'25

Change(%)

Net Sales

2,018.71

1,106.41

82.46%

Operating Profit (PBDIT) excl Other Income

199.00

89.92

121.31%

Interest

18.33

19.22

-4.63%

Exceptional Items

0.00

Standalone Net Profit

140.15

54.11

159.01%

Operating Profit Margin (Excl OI)

9.86%

8.13%

1.73%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2026 is 82.46% vs 55.52% in Mar 2025

Standalone Net Profit

YoY Growth in year ended Mar 2026 is 159.01% vs 101.38% in Mar 2025

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