Shanti Gold International
SHANTIGOLD NSE
Shanti Gold International
Consumer DiscretionaryNSE: SHANTIGOLD BSE: 544459 Consumer Durables
Key Fundamentals
MicrocapJewellery & WatchesConsumer GoodsMarket Cap
₹1,928 Cr
Volatility
Moderate
P/E Ratio
10.63
EBITDA
₹199 Cr
Return on Equity
36.65%
Debt to Equity
0.36
Book Value
₹61.11
52W High
₹280.75
52W Low
₹154.92
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- 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%
Weaknesses
4- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.54%
- Company might be capitalizing the interest cost
- Working capital days have increased from 47.7 days to 89.7 days
Growth Rate
Revenue Growth
81.46% higher than
3Y
Net Income Growth
155% higher than
3Y
Cash Flow Change
-17.42% higher than
3Y
ROE
31.88% higher than
3Y
ROCE
48.54% higher than
3Y
EBITDA Margin (Avg.)
11.73% lower than
3Y
Quarterly Results
| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 240 | 266 | 303 | 297 | 293 | 430 | 637 | 659 | 716 |
| Expenses | 225 | 249 | 275 | 276 | 254 | 369 | 577 | 592 | 645 |
| Operating Profit | 15 | 17 | 28 | 21 | 38 | 61 | 60 | 67 | 71 |
| OPM % | 6% | 6% | 9% | 7% | 13% | 14% | 9% | 10% | 10% |
| Other Income | 2 | 2 | 1 | 1 | 1 | 3 | 3 | 3 | 2 |
| Interest | 4 | 5 | 5 | 6 | 5 | 4 | 4 | 4 | 6 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| PBT | 12 | 13 | 23 | 15 | 33 | 58 | 57 | 64 | 65 |
| Tax % | 24% | 28% | 22% | 40% | 25% | 24% | 29% | 19% | 23% |
| Net Profit | 9 | 9 | 18 | 9 | 25 | 44 | 40 | 52 | 50 |
| EPS in Rs | 9.36 | 9.64 | 3.07 | 1.6 | 4.29 | 5.71 | 5.23 | 6.77 | 6.58 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 377 | 428 | 679 | 711 | 1,106 | 2,019 | 2,442 |
| Expenses | 356 | 409 | 637 | 661 | 1,015 | 1,820 | 2,183 |
| Operating Profit | 20 | 19 | 43 | 50 | 92 | 199 | 259 |
| OPM % | 5% | 4.4% | 6% | 7% | 8% | 10% | 11% |
| Other Income | 1 | 2 | 3 | 3 | 6 | 10 | 10 |
| Interest | 6 | 10 | 12 | 14 | 19 | 18 | 19 |
| Depreciation | 2 | 2 | 2 | 3 | 6 | 6 | 7 |
| PBT | 14 | 8 | 31 | 36 | 73 | 184 | 244 |
| Tax % | 41% | 61% | 36% | 25% | 23% | 24% | — |
| Net Profit | 8 | 3 | 20 | 27 | 56 | 140 | 186 |
| EPS in Rs | 8.75 | 3.44 | 20.65 | 27.99 | 9.71 | 18.27 | 24.29 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 116 | 144 | 165 | 211 | 243 | 216 |
| Other Liabilities | 30 | 20 | 22 | 18 | 24 | 42 |
| Total Liabilities | 197 | 214 | 257 | 325 | 420 | 856 |
| Fixed Assets | 29 | 43 | 42 | 60 | 57 | 59 |
| CWIP | 14 | 4 | 6 | 8 | 9 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 154 | 167 | 208 | 257 | 354 | 787 |
| Total Assets | 197 | 214 | 257 | 325 | 420 | 856 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -28 | -16 | -4 | -13 | -15 | -261 |
| Investing | 9 | -3 | -4 | -5 | 2 | -17 |
| Financing | 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
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Shanti Gold International insights
60 extracted metrics + investor summaries across FY21–FY26.
Documents
1
Board Meeting Outcome for Board Meeting Held On Monday, May 11, 2026
9h - Board approved inventory valuation change from FIFO to WAC, retrospectively from April 1, 2024. 9h - Board approved inventory valuation change from FIFO to WAC, retrospectively from April 1, 2024.
2
Change In Accounting Policy - Disclosure Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015
8h - Board approved inventory valuation change from FIFO to WAC, effective April 1, 2024 retrospectively. 8h - Board approved inventory valuation change from FIFO to WAC, effective April 1, 2024 retrospectively.
3
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
8h - Acuite report for Q4 FY2025-26 shows IPO proceeds fully aligned with stated objects, with no deviation. 8h - Acuite report for Q4 FY2025-26 shows IPO proceeds fully aligned with stated objects, with no deviation.
4
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
25 Apr - Postal ballot passed reappointment and remuneration increase for MD Pankajkumar Jagawat and WTD Manojkumar Jain. 25 Apr - Postal ballot passed reappointment and remuneration increase for MD Pankajkumar Jagawat and WTD Manojkumar Jain.
5
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
25 Apr - Postal ballot approved reappointment and higher remuneration for MD Pankajkumar Jagawat and WTD Manojkumar Jain. 25 Apr - Postal ballot approved reappointment and higher remuneration for MD Pankajkumar Jagawat and WTD Manojkumar Jain.
Frequently Asked Questions about Shanti Gold International
What does Shanti Gold International Ltd do?
Incorporated in 2003, Shanti Gold International Ltd offers a wide range of designs and products of 22KT CZ gold jewellery.[1]
Where is Shanti Gold International Ltd (SHANTIGOLD) listed?
Shanti Gold International Ltd trades as SHANTIGOLD on the NSE and under code 544459 on the BSE.
Which sector does Shanti Gold International Ltd belong to?
Shanti Gold International Ltd is classified under the Consumer Discretionary sector, in the Consumer Durables industry.
What is the market capitalisation of Shanti Gold International Ltd?
Shanti Gold International Ltd has a market capitalisation of ₹1,928 Cr, which places it in the Small Cap band.
What is the PE ratio of Shanti Gold International Ltd?
Shanti Gold International Ltd trades at a PE ratio of 10.63, against a book value of ₹61.11 per share.
What is the 52-week high and low of Shanti Gold International Ltd?
Over the last 52 weeks Shanti Gold International Ltd has traded between ₹154.92 and ₹280.75.
What is the Return on Equity (ROE) of Shanti Gold International Ltd?
Shanti Gold International Ltd reported a return on equity of 36.65%. Its debt-to-equity ratio is 0.36.
Company Information
Incorporated in 2003, Shanti Gold International Ltd offers a wide range of designs and products of 22KT CZ gold jewellery.[1]
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