Shanti Gold International Ltd.

•

shantigold.inBSE: 544459NSE: SHANTIGOLD

Market Cap₹ 1,970 Cr.

Current Price

High / Low₹ 281 / 155

Stock P/E10.6

Book Value₹ 98

Price to Book2.63

Dividend Yield0.00 %

ROCE27.1 %

ROE44.8 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 36.7%
Company has a healthy return on capital (ROCE) of 22.1%
Latest quarter profit grew 104.9% YoY, showing strong momentum
Operating margins have improved to 8.3% from 4.4%
Attractively priced for its growth - PEG of 0.1

CONS

Company has a high debt-to-equity of 1.53x
Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.30x)
Equity base is being diluted - shares outstanding up 500.0%
Free cash flow has been persistently negative

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TITAN	5010.00	77.22	444780.87	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	598.50	43.07	61810.15	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	307.90	17.07	17233.47	0.00	—	—	—	—	43.11	—
4.	THANGAMAYL	5331.40	42.38	16571.07	0.34	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	842.65	228.59	12873.90	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	SKYGOLD	781.15	36.11	12097.97	0.00	104.90	140.67	2012.79	77.93	23.60	7.79
7.	PCJEWELLER	11.90	14.98	11605.04	0.00	221.88	37.02	877.04	20.99	6.61	27.54
8.	AUGMONT	904.80	24.76	8267.47	0.00	—	—	—	—	70.86	—
9.	SENCO	358.25	10.29	5871.75	0.49	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	345.15	24.64	5196.48	0.45	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	218.65	12.86	3664.96	2.74	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	SHANTIGOLD	245.50	10.57	1970.29	0.00	504.82	—	7163.79	—	27.06	9.97

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	240	266	303	297	2,928	4,301	6,369	6,589	7,164
	225	249	275	276	2,610	3,751	5,827	5,981	6,528
Operating Profit	15	17	28	21	318	550	542	609	636
OPM %	6.31%	6.50%	9.28%	7.10%	10.85%	12.78%	8.51%	9.24%	8.87%
	2	2	1	1	12	27	26	34	17
Interest	4	5	5	6	52	42	44	45	57
Depreciation	1	1	1	1	14	14	15	17	22
Profit before Tax	12	13	23	15	329	576	568	643	653
Tax %	23.75%	28.41%	22.24%	39.84%	25.13%	23.96%	29.35%	19.18%	22.64%
Net Profit	9	9	18	9	246	438	401	519	505
	1.67	1.71	3.26	1.70	4.56	7.30	6.26	7.86	7.00

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	428	679	711	1,106	24,423
	409	637	662	1,015	22,087
Operating Profit	19	43	50	92	2,336
OPM %	4.41%	6.28%	7.01%	8.28%	9.57%
	2	3	4	6	103
Interest	10	12	14	19	188
Depreciation	3	2	3	6	68
Profit before Tax	8	31	36	73	2,439
Tax %	60.67%	35.98%	25.00%	23.33%	23.60%
Net Profit	3	20	27	56	1,864
EPS	3.67	22.02	29.85	10.34	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 37%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 157%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 10%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 37%
Last Year:: 45%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9	9	9	54
	41	61	88	98
	144	165	203	233
Trade Payables	8	6	4	6
	13	15	22	29
Total Liabilities	214	257	325	420
	21	21	39	33
Capital Work in Progress	4	6	8	9
	85	85	129	149
	0	0	78	182
Cash & Bank	5	11	43	14
	100	134	29	33
Total Assets	214	257	325	420

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-12	4	-13	-15
Cash from Investing	-3	-4	-5	1
Cash from Financing	18	9	20	13
	-0	1	2	-0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	3.67	22.02	29.85	10.34
Book Value (₹)	55.57	77.56	107.41	28.22
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.07	4.13	5.60	11.39
PROFITABILITY
Operating Margin %	4.41%	6.28%	7.01%	8.28%
Net Margin %	0.77%	2.92%	3.78%	5.05%
ROE %	6.60%	33.08%	32.28%	44.85%
ROCE %	9.47%	20.26%	18.96%	27.06%
	1.54%	8.41%	9.23%	14.99%
EFFICIENCY
Debtor Days	60	46	46	43
Inventory Days	72	46	55	46
Payable Days	7	4	3	2
	125	88	98	87
FINANCIAL HEALTH
Debt to Equity (x)	2.84x	2.34x	2.05x	1.53x
Interest Coverage (x)	1.86x	3.55x	3.51x	4.79x
	1.43x	1.52x	1.46x	1.50x
GROWTH
Revenue Growth %	0.00%	58.61%	4.71%	55.52%
Operating Profit Growth %	0.00%	120.21%	17.30%	82.80%
Net Profit Growth %	0.00%	500.39%	35.57%	107.84%
	0.00%	500.39%	35.57%	-65.36%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	7.07x	3.54x	3.08x	2.79x

Shareholding Pattern

Numbers in percentages

	Aug 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.89	74.89	74.89	74.89	74.89
	2.71	2.68	2.21	2.18	1.92
	7.01	2.75	1.64	2.13	1.58
Government	0.00	0.00	0.00	0.00	0.00
	15.39	19.69	21.26	20.80	21.61

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Shanti Gold International Limited has informed the Exchange about Copy of Newspaper Publication - Dispatch of AGM Notice and Annual Report for FY 2025-26

2026-09-03

Updates

2026-09-03 - Shanti Gold International Limited has informed the Exchange regarding 'Letter to Shareholders under Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015'.

2026-09-03

Shareholders meeting

2026-09-03 - Shanti Gold International Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 28, 2026 alongwith Annual Report for FY 2025-26

2026-09-01

Acquisition

2026-09-01 - Shanti Gold International Limited has informed the Exchange about Acquisition

2026-08-31

Copy of Newspaper Publication

2026-08-31 - Shanti Gold International Limited has informed the Exchange about Copy of Newspaper Publication regarding the 13th Annual General Meeting of the Company

2026-08-31

Acquisition

2026-08-31 - Shanti Gold International Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015

2026-08-26

Copy of Newspaper Publication

2026-08-26 - Shanti Gold International Limited has informed the Exchange about Copy of Newspaper Publication regarding basis of allotment of Equity Shares under Rights Issue of the Company

2026-08-24

Outcome of Board Meeting

2026-08-24 - Shanti Gold International Limited has informed the Exchange regarding Outcome of Board Meeting held on August 24, 2026 - Allotment of 46,43,471 fully paid-up equity shares of face value of ₹ 10/- each at an issue price of ₹ 215/- per Rights Equity Share on rights basis

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Shanti Gold International Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for SHANTIGOLD

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Shanti Gold International Ltd.

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Free 5nance Account

Name

TITAN

5010.00

77.22

444780.87

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

598.50

43.07

61810.15

0.42

348.67

32.03

10588.93

45.68

24.86

5.97

LALITHAA

307.90

17.07

17233.47

0.00

—

43.11

—

THANGAMAYL

5331.40

42.38

16571.07

0.34

85.09

86.15

2666.38

71.44

26.62

5.43

BLUESTONE

842.65

228.59

12873.90

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

SKYGOLD

781.15

36.11

12097.97

0.00

104.90

140.67

2012.79

77.93

23.60

7.79

PCJEWELLER

11.90

14.98

11605.04

0.00

221.88

37.02

877.04

20.99

6.61

27.54

AUGMONT

904.80

24.76

8267.47

0.00

—

70.86

—

SENCO

358.25

10.29

5871.75

0.49

101.14

-3.35

3056.03

67.34

22.86

6.97

GOLDIAM

345.15

24.64

5196.48

0.45

73.97

120.06

326.03

41.92

24.85

20.33

VAIBHAVGBL

218.65

12.86

3664.96

2.74

563.83

1398.27

9170.73

1026.99

18.41

10.55

SHANTIGOLD

245.50

10.57

1970.29

0.00

504.82

—

7163.79

—

27.06

9.97

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

240

266

303

297

2,928

4,301

6,369

6,589

7,164

225

249

275

276

2,610

3,751

5,827

5,981

6,528

Operating Profit

318

550

542

609

636

OPM %

6.31%

6.50%

9.28%

7.10%

10.85%

12.78%

8.51%

9.24%

8.87%

Interest

Depreciation

Profit before Tax

329

576

568

643

653

Tax %

23.75%

28.41%

22.24%

39.84%

25.13%

23.96%

29.35%

19.18%

22.64%

Net Profit

246

438

401

519

505

1.67

1.71

3.26

1.70

4.56

7.30

6.26

7.86

7.00

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

428

679

711

1,106

24,423

409

637

662

1,015

22,087

Operating Profit

2,336

OPM %

4.41%

6.28%

7.01%

8.28%

9.57%

103

Interest

188

Depreciation

Profit before Tax

2,439

Tax %

60.67%

35.98%

25.00%

23.33%

23.60%

Net Profit

1,864

EPS

3.67

22.02

29.85

10.34

—

Dividend Payout %

0.00%

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

144

165

203

233

Trade Payables

Total Liabilities

214

257

325

420

Capital Work in Progress

129

149

182

Cash & Bank

100

134

Total Assets

214

257

325

420

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-12

-13

-15

Cash from Investing

-3

-4

-5

Cash from Financing

-0

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

3.67

22.02

29.85

10.34

Book Value (₹)

55.57

77.56

107.41

28.22

Dividend per Share (₹)

0.00

Cash EPS (₹)

1.07

4.13

5.60

11.39

PROFITABILITY

Operating Margin %

4.41%

6.28%

7.01%

8.28%

Net Margin %

0.77%

2.92%

3.78%

5.05%

ROE %

6.60%

33.08%

32.28%

44.85%

ROCE %

9.47%

20.26%

18.96%

27.06%

1.54%

8.41%

9.23%

14.99%

EFFICIENCY

Debtor Days

Inventory Days

Payable Days

125

FINANCIAL HEALTH

Debt to Equity (x)

2.84x

2.34x

2.05x

1.53x

Interest Coverage (x)

1.86x

3.55x

3.51x

4.79x

1.43x

1.52x

1.46x

1.50x

GROWTH

Revenue Growth %

0.00%

58.61%

4.71%

55.52%

Operating Profit Growth %

0.00%

120.21%

17.30%

82.80%

Net Profit Growth %

0.00%

500.39%

35.57%

107.84%

0.00%

500.39%

35.57%

-65.36%

VALUATION

P/E (x)

0.00x

P/B (x)

0.00x

Dividend Yield %

0.00%

7.07x

3.54x

3.08x

2.79x

Aug 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.89

2.71

2.68

2.21

2.18

1.92

7.01

2.75

1.64

2.13

1.58

Government

0.00

15.39

19.69

21.26

20.80

21.61

Shanti Gold International Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Shanti Gold International Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI