Shanthi Gears share price today

Shanthi Gears Ltd's share price was ₹498.25 at the close on 4 November 2026. It has been rising for 8 weeks. That is 0.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹397 and ₹715, and at that close it sat 32% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Shanthi Gears Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 13 weeks in a row.

Over the last 11 years the share price moved +503% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

7 points in one quarter.

2. Revenue down on a year earlier for 7 quarters in a row

   In the September 2026 quarter revenue was ₹128 crore, -3% on a year earlier.

3. Promoters raised their stake by 2.7 points in one quarter

   From 70.5% to 73.2% in the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Shanthi Gears reported revenue of ₹128 crore, down 3.0% from ₹132 crore a year earlier, and a profit of ₹16.0 crore, down 27.3% from ₹22.0 crore.

Shanthi Gears results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Shanthi Gears closed at ₹498.25 on 4 November 2026, up 4.3% from ₹477.65 a year earlier (7 November 2025) and up 209.7% over five years. Its highest weekly close since March 2016 was ₹714.95 on 11 September 2026.

Shanthi Gears share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Shanthi Gears closed at ₹498.25, up 6.2% on the week and down 13.1% on the month. Results for July to September 2026: Revenue down 3.0% and profit down 27.3% on a year earlier.

Earlier

• 17 Jul 2026: ex-date for a dividend of ₹2 a share.
• 29 Jan 2026: ex-date for an interim dividend of ₹3 a share.

Shanthi Gears paid ₹5 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 1.00% at the ₹498.25 close on 4 November 2026. The last was a dividend of ₹2 a share, ex-date 17 July 2026.

Shanthi Gears dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Shanthi Gears Ltd paid out 50% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

Shanthi Gears is not on any of our India lists this week.

Shanthi Gears Ltd earned ₹16.0 Cr of net profit in the Sep 2026 quarter, −27.3% on the same quarter a year earlier. Full-year FY26 profit was ₹77.0 Cr. Over 10 years profit has grown 15.6% a year on average. That is 12.5% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹77.0 Cr (−19.8% on the year before).

Why profit moved: revenue changed −3.0% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −37.4% and revenue −13.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

Shanthi Gears Ltd reported ₹128 Cr of revenue in the Sep 2026 quarter, −3.0% on the same quarter a year earlier. Over 10 years it has grown 12.2% a year on average. The last full year, FY26, came in at ₹519 Cr. The last four reported quarters add to ₹495 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹519 Cr, −14.2% on the year before.

Recent pace: the last four quarters grew −13.9% on average, against 12.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −14.4%, against −7.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −37.6%, against −20.2% a year (rolling over).

Shanthi Gears Ltd's operating margin was 18.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 12.0% and 27.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.4 percentage points on the year while gross margin changed +0.6 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 77% of Shanthi Gears Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹70.0 Cr of operating cash against ₹77.0 Cr of profit. After ₹64.0 Cr of spending on assets, ₹6.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 77% of profit came in as cash: the cash cycle got 21 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.4× depreciation over three years. The next section checks what that spending is building.

Shanthi Gears Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 142 days in FY26, down from 163 days in FY21. It spent ₹102 Cr on assets over the last 3 years. Customers take 81 days to pay, and stock sits for 168 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹519 Cr, each day of that cycle ties up about ₹1.4 Cr, so roughly ₹202 Cr is tied up in the business at any time.

FY26: customers took 81 days to pay and stock sat for 168 days, about 5.5 months of sales sitting as stock, for a full cycle of 142 days, shorter than FY21's 163.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 168 days. Customers pay about 81 days after that. Suppliers are paid at 108 days. Together that makes the 142-day cycle.

Spending on assets: ₹102 Cr over the last 3 years, against ₹42.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹26.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Shanthi Gears Ltd's P/E is 62.1×, near the high end of its own history: higher than 92% of past readings. Its usual P/E (the middle reading) is 43.7×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹7.56.