Shanti Gold International Ltd
₹ 221
-0.64%
27 May
- close price
About
Incorporated in 2003, Shanti Gold International Ltd offers a wide range of designs and products of 22KT CZ gold jewellery.[1]
Key Points
- Market Cap ₹ 1,591 Cr.
- Current Price ₹ 221
- High / Low ₹ 274 / 155
- Stock P/E 11.4
- Book Value ₹ 83.0
- Dividend Yield 0.00 %
- ROCE 33.5 %
- ROE 37.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 75.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Working capital days have increased from 47.7 days to 89.7 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 377 | 428 | 679 | 711 | 1,106 | 2,019 | |
| 356 | 409 | 637 | 661 | 1,015 | 1,820 | |
| Operating Profit | 20 | 19 | 43 | 50 | 92 | 199 |
| OPM % | 5% | 4% | 6% | 7% | 8% | 10% |
| 1 | 2 | 3 | 3 | 6 | 10 | |
| Interest | 6 | 10 | 12 | 14 | 19 | 18 |
| Depreciation | 2 | 2 | 2 | 3 | 6 | 6 |
| Profit before tax | 14 | 8 | 31 | 36 | 73 | 184 |
| Tax % | 41% | 61% | 36% | 25% | 23% | 24% |
| 8 | 3 | 20 | 27 | 56 | 140 | |
| EPS in Rs | 9.33 | 3.67 | 22.02 | 29.86 | 10.34 | 19.44 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 44% |
| TTM: | 82% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 76% |
| 3 Years: | 92% |
| TTM: | 151% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 38% |
| Last Year: | 37% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 54 | 72 |
| Reserves | 42 | 41 | 61 | 88 | 98 | 526 |
| 116 | 144 | 165 | 211 | 243 | 216 | |
| 30 | 20 | 22 | 18 | 24 | 42 | |
| Total Liabilities | 197 | 214 | 257 | 325 | 420 | 856 |
| 29 | 43 | 42 | 60 | 57 | 59 | |
| CWIP | 14 | 4 | 6 | 8 | 9 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 154 | 167 | 208 | 257 | 354 | 787 | |
| Total Assets | 197 | 214 | 257 | 325 | 420 | 856 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -28 | -16 | -4 | -13 | -15 | -261 | |
| 9 | -3 | -4 | -5 | 2 | -17 | |
| 18 | 18 | 9 | 20 | 13 | 272 | |
| Net Cash Flow | -0 | -0 | 1 | 2 | -0 | -5 |
| Free Cash Flow | -20 | -20 | -7 | -23 | -19 | -267 |
| CFO/OP | -114% | -66% | 10% | -6% | -2% | -111% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 80 | 60 | 55 | 40 | 60 | 66 |
| Inventory Days | 49 | 77 | 50 | 72 | 54 | 70 |
| Days Payable | 4 | 7 | 4 | 3 | 2 | 2 |
| Cash Conversion Cycle | 125 | 130 | 101 | 110 | 112 | 134 |
| Working Capital Days | 27 | 38 | 31 | 19 | 34 | 90 |
| ROCE % | 10% | 20% | 19% | 26% | 33% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|
| Capacity Utilization % |
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| Installed Manufacturing Capacity KG per annum |
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| Monthly New Designs Count |
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| Presence - Number of States Count |
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| Sales Volume KG |
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| Employee Strength (Mumbai) Count |
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| Number of CAD Designers Count |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 23h
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Copy of Newspaper Publication for the quarter and year ended March 31, 2026
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - FY26 annual secretarial compliance report filed; company reported overall compliance with SEBI regulations.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 May - Q4FY26 earnings call audio link uploaded on May 22, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 May - Shanti Gold announced audited FY26 results: Q4 revenue Rs 658.93 crore, PAT Rs 51.93 crore; FY26 PAT Rs 140.15 crore.
Concalls
-
May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
Business Overview:[1]
SGIL is a manufacturer of 22KT CZ casting gold jewellery, specializing in the design and production of all types of gold jewellery. This includes a wide range of intricately crafted bangles, rings, necklaces, and complete jewellery sets. These are offered across varied price points, catering to multiple consumer segments from daily-wear pieces to festive designs and exclusive bridal collection