WEBSITE BSE:544459 NSE: SHANTIGOLD Inc. Year: 2003 Industry: Diamond & Jewellery My Bucket: Add Stock
Last updated: 15:48
Shanti Gold International Ltd. is a Mumbai-based manufacturer of 22-karat CZ casting gold jewellery, offering a wide range of products such as bangles, rings, necklaces, pendants and bridal sets. Established in 2003, the company operates a fully integrated manufacturing facility with strong CAD-based design capabilities, producing hundreds of new designs every month and maintaining relationships with leading jewellery retailers across India. With operations spanning over 15 states and overseas markets like the UAE and USA, Shanti Gold has built...Read More
Shanti Gold International Ltd. is a Mumbai-based manufacturer of 22-karat CZ casting gold jewellery, offering a wide range of products such as bangles, rings, necklaces, pendants and bridal sets. Established in 2003, the company operates a fully integrated manufacturing facility with strong CAD-based design capabilities, producing hundreds of new designs every month and maintaining relationships with leading jewellery retailers across India. With operations spanning over 15 states and overseas markets like the UAE and USA, Shanti Gold has built a strong B2B presence. The company has shown consistent revenue growth and is expanding capacity further through a new Jaipur facility to diversify into plain gold jewellery. Despite operating in a competitive and gold-price-sensitive market, Shanti Gold benefits from its design innovation, established client base, and growing domestic and export demand. ...Read Less
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Market Cap ₹1483 Cr.
Stock P/E 26.6
P/B 2.5
Current Price ₹205.8
Book Value ₹ 80.7
Face Value 10
52W High ₹274.1
Dividend Yield 0%
52W Low ₹ 155
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Net Sales | 240 | 266 | 303 | 293 | 430 | 637 |
| Other Income | 2 | 2 | 1 | 1 | 3 | 3 |
| Total Income | 242 | 268 | 304 | 294 | 433 | 639 |
| Total Expenditure | 225 | 249 | 275 | 254 | 369 | 577 |
| Operating Profit | 17 | 19 | 29 | 40 | 63 | 63 |
| Interest | 4 | 5 | 5 | 5 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 2 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 12 | 13 | 23 | 33 | 58 | 57 |
| Provision for Tax | 3 | 4 | 5 | 8 | 14 | 17 |
| Profit After Tax | 9 | 9 | 18 | 25 | 44 | 40 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 9 | 9 | 18 | 25 | 44 | 40 |
| Adjusted Earnings Per Share | 1.7 | 0.3 | 3.3 | 4.6 | 6.1 | 5.6 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 428 | 679 | 711 | 1106 | 1663 |
| Other Income | 2 | 3 | 4 | 6 | 8 |
| Total Income | 430 | 682 | 715 | 1112 | 1670 |
| Total Expenditure | 409 | 637 | 662 | 1015 | 1475 |
| Operating Profit | 21 | 46 | 53 | 98 | 195 |
| Interest | 10 | 12 | 14 | 19 | 18 |
| Depreciation | 3 | 2 | 3 | 6 | 5 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 8 | 31 | 36 | 73 | 171 |
| Provision for Tax | 5 | 11 | 9 | 17 | 44 |
| Profit After Tax | 3 | 20 | 27 | 56 | 127 |
| Adjustments | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 3 | 20 | 27 | 56 | 127 |
| Adjusted Earnings Per Share | 0.6 | 3.7 | 5 | 10.3 | 19.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 56% | 37% | 0% | 0% |
| Operating Profit CAGR | 85% | 67% | 0% | 0% |
| PAT CAGR | 107% | 165% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 45% | 37% | 29% | 29% |
| ROCE Average | 27% | 22% | 19% | 19% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 50 | 70 | 97 | 152 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 39 | 43 | 35 | 19 |
| Other Non-Current Liabilities | 10 | 10 | 19 | 14 |
| Total Current Liabilities | 115 | 134 | 175 | 234 |
| Total Liabilities | 214 | 257 | 325 | 420 |
| Fixed Assets | 21 | 21 | 39 | 33 |
| Other Non-Current Assets | 29 | 33 | 31 | 35 |
| Total Current Assets | 165 | 204 | 256 | 351 |
| Total Assets | 214 | 257 | 325 | 420 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 1 | 3 |
| Cash Flow from Operating Activities | -16 | -4 | -13 | -15 |
| Cash Flow from Investing Activities | -3 | -4 | -5 | 1 |
| Cash Flow from Financing Activities | 18 | 9 | 20 | 13 |
| Net Cash Inflow / Outflow | -0 | 1 | 2 | -0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 3 | 3 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.61 | 3.67 | 4.98 | 10.34 |
| CEPS(Rs) | 1.08 | 4.13 | 5.6 | 11.39 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 9.26 | 12.93 | 17.9 | 28.22 |
| Core EBITDA Margin(%) | 4.41 | 6.28 | 7.01 | 8.28 |
| EBIT Margin(%) | 4.25 | 6.34 | 7.04 | 8.32 |
| Pre Tax Margin(%) | 1.96 | 4.56 | 5.04 | 6.58 |
| PAT Margin (%) | 0.77 | 2.92 | 3.78 | 5.05 |
| Cash Profit Margin (%) | 1.36 | 3.28 | 4.25 | 5.56 |
| ROA(%) | 1.54 | 8.41 | 9.23 | 14.99 |
| ROE(%) | 6.6 | 33.08 | 32.28 | 44.85 |
| ROCE(%) | 9.47 | 20.26 | 18.96 | 27.06 |
| Receivable days | 59.52 | 46.25 | 46.32 | 42.87 |
| Inventory Days | 72.47 | 45.78 | 54.89 | 45.72 |
| Payable days | 6.97 | 4.07 | 3.02 | 1.92 |
| PER(x) | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.34 | 0.24 | 0.23 | 0.25 |
| EV/Core EBITDA(x) | 7.07 | 3.54 | 3.08 | 2.79 |
| Net Sales Growth(%) | 0 | 58.61 | 4.71 | 55.52 |
| EBIT Growth(%) | 0 | 136.85 | 16.29 | 83.73 |
| PAT Growth(%) | 0 | 500.39 | 35.57 | 107.84 |
| EPS Growth(%) | 0 | 500.39 | 35.57 | 107.84 |
| Debt/Equity(x) | 2.84 | 2.34 | 2.05 | 1.53 |
| Current Ratio(x) | 1.43 | 1.52 | 1.46 | 1.5 |
| Quick Ratio(x) | 0.69 | 0.88 | 0.73 | 0.87 |
| Interest Cover(x) | 1.86 | 3.55 | 3.51 | 4.79 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 |
| # | Jun 2025 | Aug 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 74.89 | 74.89 | 74.89 | 74.89 | 74.89 |
| FII | 2.71 | 2.71 | 2.67 | 2.21 | 2.18 |
| DII | 7.01 | 7.01 | 2.75 | 1.65 | 2.13 |
| Public | 15.39 | 15.39 | 19.69 | 21.26 | 20.8 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2025 | Aug 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 5.4 | 5.4 | 5.4 | 5.4 | 5.4 |
| FII | 0.2 | 0.2 | 0.19 | 0.16 | 0.16 |
| DII | 0.51 | 0.51 | 0.2 | 0.12 | 0.15 |
| Public | 1.11 | 1.11 | 1.42 | 1.53 | 1.5 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 7.21 | 7.21 | 7.21 | 7.21 | 7.21 |
* The pros and cons are machine generated.
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