# Shanthi Gears share price today (Shanthi Gears Ltd, NSE: SHANTIGEAR)

> Shanthi Gears share price today: ₹480.45 at the NSE close on 3 November 2026, down 2.1% in a year. Shanthi Gears (NSE: SHANTIGEAR) is worth ₹3,687 crore, trades at a P/E of 59.9 and has closed between ₹397.45 and ₹714.95 over the past 52 weeks. > Shanthi Gears Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SHANTIGEAR · Auto Ancillaries - Gears · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/shanthi-gears-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹480.45 (−2.1% in a year)
- P/E: 59.9× (higher than 91% of the last 11 years)
- Revenue (Sep 2026): ₹128 Cr (−3.0% on a year ago)
- Profit (Sep 2026): ₹16.0 Cr (−27.3% on a year ago)
- Operating margin: 18.0% (−2.0 points on a year ago)
- ROCE: 26%, FY26
- ROIC: 18.7%, against a 12.0% cost of capital: +6.7 points

The main question: promoters moved +2.7 percentage points over 8 quarters while the business went the other way. ## What is the Shanthi Gears share price today? Shanthi Gears Ltd's share price was ₹480.45 at the close on 3 November 2026. It has been rising for 8 weeks. That is 4.0% 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 26% of the way up from that low. 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 +481% 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. ## What changed at Shanthi Gears this quarter? 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. ## What are Shanthi Gears' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹128 crore | ₹132 crore | −3.0% |
| Profit | ₹16.0 crore | ₹22.0 crore | −27.3% |
| Earnings per share | ₹2.05 | ₹2.80 | −26.8% |
| Operating margin | 18.0% | 20.0% | −2.0 points |

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.)

## What is the Shanthi Gears share price history? Shanthi Gears closed at ₹480.45 on 3 November 2026, down 2.1% from ₹490.75 a year earlier (31 October 2025) and up 198.6% over five years. Its highest weekly close since March 2016 was ₹714.95 on 11 September 2026. ### Shanthi Gears share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹483.75 | −0.7% |
| 1 month ago · 1 Oct 2026 | ₹573.65 | −16.2% |
| 6 months ago · 30 Apr 2026 | ₹480.85 | −0.1% |
| 1 year ago · 31 Oct 2025 | ₹490.75 | −2.1% |
| 3 years ago · 3 Nov 2023 | ₹454.50 | +5.7% |
| 5 years ago · 4 Nov 2021 | ₹160.90 | +198.6% |
| 10 years ago · 4 Nov 2016 | ₹114.75 | +318.7% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹82.65 | +481.3% |
| Highest weekly close since March 2016, also the 52-week high · 11 Sep 2026 | ₹714.95 | −32.8% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹65.45 | +634.1% |
| 52-week low (weekly close) · 14 Aug 2026 | ₹397.45 | +20.9% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (561 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Shanthi Gears? 3 Nov 2026: Shanthi Gears closed at ₹480.45, down 0.7% on the week and down 16.2% 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. ## What dividend does Shanthi Gears pay? Shanthi Gears paid ₹5 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.04% at the ₹480.45 close on 3 November 2026. The last was a dividend of ₹2 a share, ex-date 17 July 2026. ### Shanthi Gears dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 17 Jul 2026 | ₹2 | Dividend | same day |
| 29 Jan 2026 | ₹3 | Interim | same day |
| 18 Jul 2025 | ₹2 | Dividend | 19 Jul 2025 |
| 7 Feb 2025 | ₹3 | Interim | same day |
| 19 Jul 2024 | ₹2 | Dividend | n/a |
| 9 Feb 2024 | ₹3 | Interim | same day |
| 14 Jul 2023 | ₹2 | Dividend | n/a |
| 8 Feb 2023 | ₹3 | Interim | same day |
| 14 Feb 2022 | ₹2.50 | Interim | 15 Feb 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## Which stock lists is Shanthi Gears on? Shanthi Gears is not on any of our India lists this week. ## Is Shanthi Gears profitable? 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. 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. ## How much revenue does Shanthi Gears make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Shanthi Gears keep? 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. 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. ## Is Shanthi Gears' profit turning into cash? 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. 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. ## Where does Shanthi Gears' cash go? 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. 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. ## What is Shanthi Gears' P/E ratio, and how does it compare with its own history? Shanthi Gears Ltd's P/E is 59.9×, near the high end of its own history: higher than 91% 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. 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. Why the multiple is where it is: over the past year earnings per share moved −20.2% while the price moved −2.1%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +24.5% a year; about +12.9% a year came from earnings growth and about +11.6 percentage points from the multiple (the market paying more); over 10 years the price moved +15.4% a year; about +11.6% a year came from earnings growth and about +3.8 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Shanthi Gears business getting better or worse? Shanthi Gears Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −14.4% in the latest quarter, against +20.3% at its best in 12 quarters, with ROCE falling at 17.4%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Shanthi Gears earn on its capital? Shanthi Gears Ltd earned a ROCE of 26% in FY26. That is up from a low of 5% in FY15. Its return on capital used (ROIC) is 6.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.8% net margin and 0.93× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 14.8% net margin × 0.93× asset turnover × 1.26× leverage (assets divided by equity) ≈ 17.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 18.7% − 12.0% = +6.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 18.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 30.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Shanthi Gears have too much debt? Shanthi Gears Ltd had ₹0.0 Cr of borrowings against ₹440 Cr of equity in FY26, so its debt is 0.00× its equity. Over 5 years borrowings went from ₹0.0 Cr to ₹0.0 Cr. Over the last 3 of those years it spent ₹102 Cr on assets. The spending on assets is being paid for from cash, not new debt. ## What is the Shanthi Gears shareholding pattern? Foreign institutions cut their stake in Shanthi Gears Ltd by 3.1 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 0.2% of the company. Promoters moved +2.7 points over the same period, to 73.2%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −3.1 points over 8 quarters, to 0.2%; Promoters: +2.7 points over 8 quarters, to 73.2%; Domestic institutions: −0.5 points over 8 quarters, to 0.2%. Why the owners changed: foreign institutions drove it (−3.1 points), with the other side taken by promoters (+2.7 points). They reduced their stake. ## How far is Shanthi Gears from balance-sheet trouble? For Shanthi Gears Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Shanthi Gears rank in its industry? 36.1 out of 100, rank 6 of 7 in Auto Ancillaries - Gears, with 85% of the evidence available. Shanthi Gears Ltd scores 36.1 out of 100 against the 7 companies it is compared with in Auto Ancillaries - Gears, ranking 6. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. The four parts add up to the total exactly: 5.2 + 18.9 + 1.1 + 10.9 = 36.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Shanthi Gears compared with? Shanthi Gears ranks 6 of 7 Auto Ancillaries - Gears companies on the 4-Factor Sector Score, with 36.1 out of 100. 1. [Rane (Madras) Ltd](https://www.sectoralpha.in/stocks/rane-madrasltd) RML · leader · Evidence leans up · 71% evidence 62.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.4/35 · Revenue 16% · Profit 100% · Operating margin change 0 points · 83% evidence Capital efficiency 12.1/25 · ROCE 14% · Operating margin 8% · 76% evidence Valuation 11.5/20 · P/E 27.1× · PEG n/a · 15% evidence Relative strength 14.0/20 · Lead over its industry 8.3% · Lead over NIFTY 500 29.3% · 1 year 45.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 24.4 + 12.1 + 11.5 + 14 = 62 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [RACL Geartech Ltd](https://www.sectoralpha.in/stocks/racl-geartech-ltd) RACLGEAR · leader · Evidence leans up · 96% evidence 58.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.1/35 · Revenue 28.2% · Profit 78.1% · Operating margin change 5.4 points · 88% evidence Capital efficiency 19.7/25 · ROCE 16.9% · Operating margin 24.1% · 100% evidence Valuation 4.2/20 · P/E 32.4× · PEG 6.01 · 100% evidence Relative strength 4.4/20 · Lead over its industry -8.6% · Lead over NIFTY 500 10.2% · 1 year 18.4% · 100% evidence · 11 of 12 weeks ahead Exact sum: 30.1 + 19.7 + 4.2 + 4.4 = 58.4 · What this means: Earnings are strong; relative strength in its sector is -8.6% and the one-year return is 18.4%. 3. [Sar Auto Products Ltd](https://www.sectoralpha.in/stocks/sar-auto-products-ltd) Too little evidence to rank firmly · 56% evidence 43.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/43.75 · Revenue 39.9% · Profit 100% · Operating margin change -4.2 points · 83% evidence Capital efficiency 7.3/31.25 · ROCE 2.1% · Operating margin 12.6% · 95% evidence Valuation 10.6/25 · P/E 4220× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 25.7 + 7.3 + 10.6 = 43.6 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Z F Steering Gear (India) Ltd](https://www.sectoralpha.in/stocks/z-f-steering-gear-indialtd) ZFSTEERING · turning · Evidence leans down · 63% evidence 42.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.6/35 · Revenue 16.4% · Profit 66.7% · Operating margin change -5 points · 83% evidence Capital efficiency 6.4/25 · ROCE 6.5% · Operating margin 9% · 76% evidence Valuation 9.6/20 · P/E 32.5× · PEG n/a · 50% evidence Relative strength 10.2/20 · Lead over its industry n/a · Lead over NIFTY 500 2.9% · 1 year -27.5% · 25% evidence · 5 of 12 weeks ahead Exact sum: 16.6 + 6.4 + 9.6 + 10.2 = 42.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [JTEKT India Ltd](https://www.sectoralpha.in/stocks/jtekt-india-ltd) JTEKTINDIA · basing · Evidence leans down · 78% evidence 40.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue 16.8% · Profit 1.5% · Operating margin change -0.1 points · 83% evidence Capital efficiency 10.6/25 · ROCE 9.8% · Operating margin 5.3% · 76% evidence Valuation 12.0/20 · P/E 39.7× · PEG n/a · 50% evidence Relative strength 0.7/20 · Lead over its industry -30.2% · Lead over NIFTY 500 -14% · 1 year -29.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.8 + 10.6 + 12 + 0.7 = 40.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. Shanthi Gears Ltd this page SHANTIGEAR · breaking out · Evidence leans down · 85% evidence 36.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.2/35 · Revenue -14.4% · Profit -37.6% · Operating margin change -2 points · 100% evidence Capital efficiency 18.9/25 · ROCE 25.6% · Operating margin 18% · 100% evidence Valuation 1.1/20 · P/E 58.5× · PEG 3.18 · 100% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 3.4% · 1 year -4.4% · 25% evidence · 10 of 12 weeks ahead Exact sum: 5.2 + 18.9 + 1.1 + 10.9 = 36.1 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 7. [The Hi-Tech Gears Ltd](https://www.sectoralpha.in/stocks/the-hi-tech-gears-ltd) HITECHGEAR · basing · Most evidence points down · 74% evidence 31.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.3/35 · Revenue 5.5% · Profit -38.6% · Operating margin change -1.1 points · 88% evidence Capital efficiency 10.9/25 · ROCE 6.9% · Operating margin 11.1% · 100% evidence Valuation 4.5/20 · P/E 47.7× · PEG 3.3 · 65% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -15.7% · 1 year -37.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 8.3 + 10.9 + 4.5 + 7.5 = 31.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - Gears](https://www.sectoralpha.in/sectors/auto-ancillaries-gears), all 7 compared on one page. ## Which companies are close to Shanthi Gears in size? Shanthi Gears is the 2nd largest of 7 Auto Ancillaries - Gears companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Sar Auto Products. Just below it: Rane (Madras), JTEKT India, RACL Geartech, The Hi-Tech Gears and Z F Steering Gear (India). ### Auto Ancillaries - Gears companies close in size

1. [Sar Auto Products Ltd](https://www.sectoralpha.in/stocks/sar-auto-products-ltd) ₹3,883 crore
2. Shanthi Gears Ltd ₹3,599 crore
3. [Rane (Madras) Ltd](https://www.sectoralpha.in/stocks/rane-madrasltd) ₹3,271 crore
4. [JTEKT India Ltd](https://www.sectoralpha.in/stocks/jtekt-india-ltd) ₹3,042 crore
5. [RACL Geartech Ltd](https://www.sectoralpha.in/stocks/racl-geartech-ltd) ₹1,612 crore
6. [The Hi-Tech Gears Ltd](https://www.sectoralpha.in/stocks/the-hi-tech-gears-ltd) ₹941 crore
7. [Z F Steering Gear (India) Ltd](https://www.sectoralpha.in/stocks/z-f-steering-gear-indialtd) ₹655 crore

[All 7 Auto Ancillaries - Gears companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-gears#all-companies)

### Companies close in size in other industries

1. [Kwality Pharmaceuticals Ltd](https://www.sectoralpha.in/stocks/kwality-pharmaceuticals-ltd) ₹3,606 crore · Pharma - Formulators
2. [Indiqube Spaces Ltd](https://www.sectoralpha.in/stocks/indiqube-spaces-ltd) ₹3,603 crore · Miscellaneous
3. Shanthi Gears Ltd ₹3,599 crore
4. [Kalyani Steels Ltd](https://www.sectoralpha.in/stocks/kalyani-steels-ltd) ₹3,592 crore · Steel Products
5. [Sindhu Trade Links Ltd](https://www.sectoralpha.in/stocks/sindhu-trade-links-ltd) ₹3,591 crore · Logistics

## What else do people ask about Shanthi Gears? ### What is Shanthi Gears's share price today? Shanthi Gears Ltd's share price is ₹480.45, −2.1% over the past year. The whole company is worth ₹3,687 Cr on the market. In the last 52 weeks it traded between ₹397 to ₹715; today it is 26% of the way up from the low, 4.0% below its 200-day average (as of 3 November 2026). ### What were Shanthi Gears's latest quarterly results? Shanthi Gears Ltd reported revenue of ₹128 Cr and net profit of ₹16.0 Cr for the Sep 2026 quarter. Revenue fell 3.0% and profit fell 27.3% compared with a year earlier. Earnings per share were ₹2.05. The operating margin was 18.0%, 2.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Shanthi Gears's market cap? Shanthi Gears Ltd's market capitalisation is ₹3,687 Cr at a share price of ₹480.45. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Shanthi Gears performing? Shanthi Gears Ltd's share price has been rising for 8 weeks. In its latest quarter, revenue fell 3.0% and profit fell 27.3% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 13 weeks running (as of 3 November 2026). ### Will Shanthi Gears's share price go up? This page does not forecast Shanthi Gears Ltd's share price. What it shows instead: the share price is ₹480.45, and it has been rising for 8 weeks. Its P/E of 59.9× is higher than 91% of its own last 11 years (as of 3 November 2026). ### Who owns Shanthi Gears? Promoters own 73.2% of Shanthi Gears Ltd, foreign institutions 0.2%, domestic institutions 0.2% and the public 26.4% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 3.1 percentage points over 8 quarters (as of 3 November 2026). ### Where is Shanthi Gears in its business cycle? Shanthi Gears Ltd's FY26 operating margin was 20.0%, against a 13-year range of 12.0% to 27.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 18.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Shanthi Gears story? The main question: promoters moved +2.7 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Shanthi Gears a stock worth studying right now? What the numbers show: Shanthi Gears Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.