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Shanthi Gears Limited

ISIN : INE631A01022
NSE : SHANTIGEAR
BSE : 522034
Face Value : 1
Industry : Auto Ancillary

EPS : 10.72
EPS (TTM) : 11.78
Price to Earning (P/E) : 43.91
Book Value : 45.02
Price to Bookvalue (P/B) : 10.46
Dividend Yield : 1 %
Return on Equity (ROE) : 25.40 %
Return on Capital Employed (ROCE) : 34.02 %

Shanthi Gears share price (02-Apr-2026)
National Stock Exchange NSE
Open / Close	0 - 0 NAN %
Low / High	0 - 0 NAN %
Trade Volume	0
52 Week Low / High	0 - 0 NAN %
Bombay Stock Exchange BSE
Open / Close	431.5 - 444.5 3 %
Low / High	428.8 - 448.45 4.6 %
Trade Volume	1,456
52 Week Low / High	396 - 620.7 56.7 %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR SHANTHI GEARS LIMITED

Date End	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	988.5	1087.5	1146.5	1234	1214.5	1354.2	1255.4	1536.4	1388.2	1550.8
Total Income	1009.9	1120.3	1176.9	1261.8	1254.4	1393.6	1291.5	1631.6	1422.1	1584.5
Total Expenditure	807.3	867.8	915.6	967.5	983.5	1066.9	1021.9	1270.3	1101.7	1209.2
Other Income	21.4	32.8	30.4	27.8	39.9	39.4	36.1	95.2	33.9	33.7
Operating Profit	202.6	252.5	261.3	294.3	270.9	326.7	269.6	361.3	320.4	375.3
PBDT	202.6	252.5	261.3	294.3	270.9	326.7	269.6	361.3	320.4	375.3
Depreciation	25.7	27.2	27.1	28.8	29.7	30.1	30.1	42.2	30.9	32.3
Profit Before Tax	176.9	225.3	234.2	265.5	241.2	296.6	239.5	319.1	289.5	343
Tax	42.5	59.3	58.8	70.8	60	86.4	65.2	62.3	72.9	86.7
Profit After Tax	134.4	166	175.4	194.7	181.2	210.2	174.3	256.8	216.6	256.3
Net Profit	134.4	166	175.4	194.7	181.2	210.2	174.3	256.8	216.6	256.3
Equity Capital	76.7	76.7	76.7	76.7	76.7	76.7	76.7	76.7	76.7	76.7
Face Value (IN RS)	1	1	1	1	1	1	1	1	1	1
Calculated EPS	1.75	2.16	2.29	2.54	2.36	2.74	2.27	3.35	2.82	3.34
Diluted Eps After Extraordinary Items	1.75	2.16	2.29	2.54	2.36	2.74	2.27	3.35	2.82	3.34
Diluted Eps Before Extraordinary Items	1.75	2.16	2.29	2.54	2.36	2.74	2.27	3.35	2.82	3.34

STANDALONE QUARTERLY RESULT FOR SHANTHI GEARS LIMITED

Date End	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	988.5	1087.5	1146.5	1234	1214.5	1354.2	1255.4	1536.4	1388.2	1550.8
Total Income	1009.9	1120.3	1176.9	1261.8	1254.4	1393.6	1291.5	1631.6	1422.1	1584.5
Total Expenditure	807.3	867.8	915.6	967.5	983.5	1066.9	1021.9	1270.3	1101.7	1209.2
Other Income	21.4	32.8	30.4	27.8	39.9	39.4	36.1	95.2	33.9	33.7
Operating Profit	202.6	252.5	261.3	294.3	270.9	326.7	269.6	361.3	320.4	375.3
PBDT	202.6	252.5	261.3	294.3	270.9	326.7	269.6	361.3	320.4	375.3
Depreciation	25.7	27.2	27.1	28.8	29.7	30.1	30.1	42.2	30.9	32.3
Profit Before Tax	176.9	225.3	234.2	265.5	241.2	296.6	239.5	319.1	289.5	343
Tax	42.5	59.3	58.8	70.8	60	86.4	65.2	62.3	72.9	86.7
Profit After Tax	134.4	166	175.4	194.7	181.2	210.2	174.3	256.8	216.6	256.3
Net Profit	134.4	166	175.4	194.7	181.2	210.2	174.3	256.8	216.6	256.3
Equity Capital	76.7	76.7	76.7	76.7	76.7	76.7	76.7	76.7	76.7	76.7
Face Value (IN RS)	1	1	1	1	1	1	1	1	1	1
Calculated EPS	1.75	2.16	2.29	2.54	2.36	2.74	2.27	3.35	2.82	3.34
Diluted Eps After Extraordinary Items	1.75	2.16	2.29	2.54	2.36	2.74	2.27	3.35	2.82	3.34
Diluted Eps Before Extraordinary Items	1.75	2.16	2.29	2.54	2.36	2.74	2.27	3.35	2.82	3.34

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR SHANTHI GEARS LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	3370.7	4456.5	5360.5
Total Income	3461.2	4568.9	5571.1
Total Expenditure	2770.2	3558.2	4342.6
Other Income	90.5	112.4	210.6
Operating Profit	691	1010.7	1228.5
PBDT	691	1010.7	1228.5
Depreciation	103.7	108.8	132.1
Profit Before Tax	587.3	901.9	1096.4
Tax	162.6	231.4	273.9
Profit After Tax	424.7	670.5	822.5
Net Profit	424.7	670.5	822.5
Equity Capital	76.7	76.7	76.7
Face Value (IN RS)	1	1	1
Reserves	2522.9	2946.8	3376.4
Calculated EPS	5.54	8.74	10.72
Diluted Eps After Extraordinary Items	5.54	8.74	10.72
Diluted Eps Before Extraordinary Items	5.54	8.74	10.72

STANDALONE ANNUAL RESULT FOR SHANTHI GEARS LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	3370.7	4456.5	5360.5
Total Income	3461.2	4568.9	5571.1
Total Expenditure	2770.2	3558.2	4342.6
Other Income	90.5	112.4	210.6
Operating Profit	691	1010.7	1228.5
PBDT	691	1010.7	1228.5
Depreciation	103.7	108.8	132.1
Profit Before Tax	587.3	901.9	1096.4
Tax	162.6	231.4	273.9
Profit After Tax	424.7	670.5	822.5
Net Profit	424.7	670.5	822.5
Equity Capital	76.7	76.7	76.7
Face Value (IN RS)	1	1	1
Reserves	2522.9	2946.8	3376.4
Calculated EPS	5.54	8.74	10.72
Diluted Eps After Extraordinary Items	5.54	8.74	10.72
Diluted Eps Before Extraordinary Items	5.54	8.74	10.72

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR SHANTHI GEARS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	215.53 Cr	337.07 Cr	445.65 Cr	536.05 Cr
Sales	207.79 Cr	324.52 Cr	429.56 Cr	515.72 Cr
Processing Charges / Service Income	2.66 Cr	5.37 Cr	6.38 Cr	11.91 Cr
Net Sales	215.53 Cr	337.07 Cr	445.65 Cr	536.05 Cr
Increase/Decrease in Stock	-4.12 Cr	4.42 Cr	11 Lk	-5.63 Cr
Raw Material Consumed	107.65 Cr	162.17 Cr	214.18 Cr	262.26 Cr
Opening Raw Materials	21.25 Cr	34.62 Cr	24.72 Cr	27.57 Cr
Purchases Raw Materials	121.02 Cr	152.27 Cr	217.03 Cr	275.09 Cr
Closing Raw Materials	34.62 Cr	24.72 Cr	27.57 Cr	40.4 Cr
Power & Fuel Cost	6.3 Cr	8.65 Cr	10.32 Cr	13.6 Cr
Electricity & Power	6.3 Cr	8.65 Cr	10.32 Cr	13.6 Cr
Employee Cost	46.92 Cr	56.91 Cr	71.15 Cr	76.83 Cr
Salaries, Wages & Bonus	41.51 Cr	50.11 Cr	62.73 Cr	63.87 Cr
Contributions to EPF & Pension Funds	2.35 Cr	2.6 Cr	2.54 Cr	2.97 Cr
Workmen and Staff Welfare Expenses	3.06 Cr	4.2 Cr	5.41 Cr	9.37 Cr
Other Manufacturing Expenses	20.94 Cr	28.91 Cr	38.99 Cr	54.49 Cr
Sub-contracted / Out sourced services	8.64 Cr	13.56 Cr	15.51 Cr	24.98 Cr
Repairs and Maintenance	9.88 Cr	11.37 Cr	18.33 Cr	20.47 Cr
General and Administration Expenses	7.66 Cr	11.15 Cr	10.83 Cr	16.11 Cr
Rent , Rates & Taxes	72 Lk	84 Lk	1.13 Cr	3.05 Cr
Insurance	53 Lk	62 Lk	51 Lk	58 Lk
Printing and stationery	1.68 Cr	1.87 Cr	1.95 Cr	2.95 Cr
Professional and legal fees	85 Lk	3.38 Cr	1.33 Cr	3.03 Cr
Traveling and conveyance	63 Lk	98 Lk	2.08 Cr	2.42 Cr
Selling and Distribution Expenses	3.36 Cr	3.8 Cr	7.13 Cr	8.85 Cr
Advertisement & Sales Promotion	20 Lk	27 Lk	1.27 Cr	2.15 Cr
Sales Commissions & Incentives	36 Lk	49 Lk	1.33 Cr	1.25 Cr
Freight and Forwarding	2.8 Cr	3.04 Cr	4.53 Cr	5.45 Cr
Miscellaneous Expenses	75 Lk	77 Lk	2.74 Cr	7.23 Cr
Provision for doubtful debts	0	9 Lk	92 Lk	5.74 Cr
Loss on sale of non-trade current investments	0	0	0	21 Lk
Total Expenditure	189.46 Cr	276.78 Cr	355.45 Cr	433.74 Cr
Other Income	9.1 Cr	9.05 Cr	11.24 Cr	21.06 Cr
Interest Received	4.19 Cr	4.78 Cr	6.13 Cr	8.79 Cr
Dividend Received	98 Lk	0	0	0
Profit on sale of Fixed Assets	20 Lk	13 Lk	21 Lk	1.78 Cr
Provision Written Back	82 Lk	0	0	4.48 Cr
Foreign Exchange Gains	16 Lk	14 Lk	31 Lk	31 Lk
Operating Profit	35.17 Cr	69.34 Cr	101.44 Cr	123.37 Cr
Interest	24 Lk	24 Lk	37 Lk	52 Lk
Bank Charges etc	24 Lk	24 Lk	37 Lk	52 Lk
PBDT	34.93 Cr	69.1 Cr	101.07 Cr	122.85 Cr
Depreciation	8.86 Cr	10.37 Cr	10.88 Cr	13.21 Cr
Profit Before Taxation & Exceptional Items	26.07 Cr	58.73 Cr	90.19 Cr	109.64 Cr
Profit Before Tax	26.07 Cr	58.73 Cr	90.19 Cr	109.64 Cr
Provision for Tax	5.9 Cr	16.26 Cr	23.14 Cr	27.39 Cr
Current Income Tax	4.41 Cr	15.27 Cr	25.4 Cr	28.04 Cr
Deferred Tax	1.73 Cr	99 Lk	-2.26 Cr	-65 Lk
Profit After Tax	20.17 Cr	42.47 Cr	67.05 Cr	82.25 Cr
Consolidated Net Profit	20.17 Cr	42.47 Cr	67.05 Cr	82.25 Cr
Profit Balance B/F	16.23 Cr	24.89 Cr	48.18 Cr	92.23 Cr
Appropriations	36.4 Cr	67.36 Cr	115.23 Cr	174.48 Cr
Other Appropriation	0	0	0	15.38 Cr
Equity Dividend %	150	250	500	500
Earnings Per Share	2.63	5.54	8.74	10.72
Adjusted EPS	2.63	5.54	8.74	10.72

STANDALONE PROFIT / LOSS FOR SHANTHI GEARS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Gross Sales	215.53 Cr	337.07 Cr	445.65 Cr	536.05 Cr
Sales	207.79 Cr	324.52 Cr	429.56 Cr	515.72 Cr
Processing Charges / Service Income	2.66 Cr	5.37 Cr	6.38 Cr	11.91 Cr
Net Sales	215.53 Cr	337.07 Cr	445.65 Cr	536.05 Cr
Increase/Decrease in Stock	-4.12 Cr	4.42 Cr	11 Lk	-5.63 Cr
Raw Material Consumed	107.65 Cr	162.17 Cr	214.18 Cr	262.26 Cr
Opening Raw Materials	21.25 Cr	34.62 Cr	24.72 Cr	27.57 Cr
Purchases Raw Materials	121.02 Cr	152.27 Cr	217.03 Cr	275.09 Cr
Closing Raw Materials	34.62 Cr	24.72 Cr	27.57 Cr	40.4 Cr
Power & Fuel Cost	6.3 Cr	8.65 Cr	10.32 Cr	13.6 Cr
Electricity & Power	6.3 Cr	8.65 Cr	10.32 Cr	13.6 Cr
Employee Cost	46.92 Cr	56.91 Cr	71.15 Cr	76.83 Cr
Salaries, Wages & Bonus	41.51 Cr	50.11 Cr	62.73 Cr	63.87 Cr
Contributions to EPF & Pension Funds	2.35 Cr	2.6 Cr	2.54 Cr	2.97 Cr
Workmen and Staff Welfare Expenses	3.06 Cr	4.2 Cr	5.41 Cr	9.37 Cr
Other Manufacturing Expenses	20.94 Cr	28.91 Cr	38.99 Cr	54.49 Cr
Sub-contracted / Out sourced services	8.64 Cr	13.56 Cr	15.51 Cr	24.98 Cr
Repairs and Maintenance	9.88 Cr	11.37 Cr	18.33 Cr	20.47 Cr
General and Administration Expenses	7.66 Cr	11.15 Cr	10.83 Cr	16.11 Cr
Rent , Rates & Taxes	72 Lk	84 Lk	1.13 Cr	3.05 Cr
Insurance	53 Lk	62 Lk	51 Lk	58 Lk
Printing and stationery	1.68 Cr	1.87 Cr	1.95 Cr	2.95 Cr
Professional and legal fees	85 Lk	3.38 Cr	1.33 Cr	3.03 Cr
Traveling and conveyance	63 Lk	98 Lk	2.08 Cr	2.42 Cr
Selling and Distribution Expenses	3.36 Cr	3.8 Cr	7.13 Cr	8.85 Cr
Advertisement & Sales Promotion	20 Lk	27 Lk	1.27 Cr	2.15 Cr
Sales Commissions & Incentives	36 Lk	49 Lk	1.33 Cr	1.25 Cr
Freight and Forwarding	2.8 Cr	3.04 Cr	4.53 Cr	5.45 Cr
Miscellaneous Expenses	75 Lk	77 Lk	2.74 Cr	7.23 Cr
Provision for doubtful debts	0	9 Lk	92 Lk	5.74 Cr
Loss on sale of non-trade current investments	0	0	0	21 Lk
Total Expenditure	189.46 Cr	276.78 Cr	355.45 Cr	433.74 Cr
Other Income	9.1 Cr	9.05 Cr	11.24 Cr	21.06 Cr
Interest Received	4.19 Cr	4.78 Cr	6.13 Cr	8.79 Cr
Dividend Received	98 Lk	0	0	0
Profit on sale of Fixed Assets	20 Lk	13 Lk	21 Lk	1.78 Cr
Provision Written Back	82 Lk	0	0	4.48 Cr
Foreign Exchange Gains	16 Lk	14 Lk	31 Lk	31 Lk
Operating Profit	35.17 Cr	69.34 Cr	101.44 Cr	123.37 Cr
Interest	24 Lk	24 Lk	37 Lk	52 Lk
Bank Charges etc	24 Lk	24 Lk	37 Lk	52 Lk
PBDT	34.93 Cr	69.1 Cr	101.07 Cr	122.85 Cr
Depreciation	8.86 Cr	10.37 Cr	10.88 Cr	13.21 Cr
Profit Before Taxation & Exceptional Items	26.07 Cr	58.73 Cr	90.19 Cr	109.64 Cr
Profit Before Tax	26.07 Cr	58.73 Cr	90.19 Cr	109.64 Cr
Provision for Tax	5.9 Cr	16.26 Cr	23.14 Cr	27.39 Cr
Current Income Tax	4.41 Cr	15.27 Cr	25.4 Cr	28.04 Cr
Deferred Tax	1.73 Cr	99 Lk	-2.26 Cr	-65 Lk
Profit After Tax	20.17 Cr	42.47 Cr	67.05 Cr	82.25 Cr
Consolidated Net Profit	20.17 Cr	42.47 Cr	67.05 Cr	82.25 Cr
Profit Balance B/F	16.23 Cr	24.89 Cr	48.18 Cr	92.23 Cr
Appropriations	36.4 Cr	67.36 Cr	115.23 Cr	174.48 Cr
Other Appropriation	0	0	0	15.38 Cr
Equity Dividend %	150	250	500	500
Earnings Per Share	2.63	5.54	8.74	10.72
Adjusted EPS	2.63	5.54	8.74	10.72

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR SHANTHI GEARS LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	26.07 Cr	58.73 Cr	90.19 Cr	109.64 Cr
Adjustment	4.32 Cr	4.55 Cr	5.96 Cr	-52 Lk
Changes In working Capital	6.88 Cr	-13.34 Cr	-10.96 Cr	-46.77 Cr
Cash Flow after changes in Working Capital	37.27 Cr	49.94 Cr	85.19 Cr	62.35 Cr
Cash Flow from Operating Activities	32.77 Cr	35.01 Cr	62.95 Cr	36.25 Cr
Cash Flow from Investing Activities	-20.35 Cr	-16.48 Cr	-26.17 Cr	-12.3 Cr
Cash Flow from Financing Activitie	-11.51 Cr	-19.18 Cr	-23.01 Cr	-38.39 Cr
Net Cash Inflow / Outflow	91 Lk	-65 Lk	13.77 Cr	-14.44 Cr
Opening Cash & Cash Equivalents	1.06 Cr	1.97 Cr	1.32 Cr	15.09 Cr
Closing Cash & Cash Equivalent	1.97 Cr	1.32 Cr	15.09 Cr	65 Lk

STANDALONE CASH FLOW FOR SHANTHI GEARS LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	26.07 Cr	58.73 Cr	90.19 Cr	109.64 Cr
Adjustment	4.32 Cr	4.55 Cr	5.96 Cr	-52 Lk
Changes In working Capital	6.88 Cr	-13.34 Cr	-10.96 Cr	-46.77 Cr
Cash Flow after changes in Working Capital	37.27 Cr	49.94 Cr	85.19 Cr	62.35 Cr
Cash Flow from Operating Activities	32.77 Cr	35.01 Cr	62.95 Cr	36.25 Cr
Cash Flow from Investing Activities	-20.35 Cr	-16.48 Cr	-26.17 Cr	-12.3 Cr
Cash Flow from Financing Activitie	-11.51 Cr	-19.18 Cr	-23.01 Cr	-38.39 Cr
Net Cash Inflow / Outflow	91 Lk	-65 Lk	13.77 Cr	-14.44 Cr
Opening Cash & Cash Equivalents	1.06 Cr	1.97 Cr	1.32 Cr	15.09 Cr
Closing Cash & Cash Equivalent	1.97 Cr	1.32 Cr	15.09 Cr	65 Lk

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR SHANTHI GEARS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	7.67 Cr	7.67 Cr	7.67 Cr	7.67 Cr
Equity - Authorised	10 Cr	10 Cr	10 Cr	10 Cr
Equity - Issued	7.67 Cr	7.67 Cr	7.67 Cr	7.67 Cr
Equity Paid Up	7.67 Cr	7.67 Cr	7.67 Cr	7.67 Cr
Face Value	1	1	1	1
Total Reserves	229.46 Cr	252.29 Cr	294.68 Cr	337.64 Cr
Profit & Loss Account Balance	24.89 Cr	48.18 Cr	92.22 Cr	136.09 Cr
General Reserves	204.29 Cr	204.29 Cr	204.29 Cr	204.29 Cr
Reserve excluding Revaluation Reserve	229.46 Cr	252.29 Cr	294.68 Cr	337.64 Cr
Shareholder's Funds	237.13 Cr	259.96 Cr	302.35 Cr	345.31 Cr
Deferred Tax Assets / Liabilities	-2.47 Cr	-1.61 Cr	-4.43 Cr	-5.38 Cr
Deferred Tax Assets	2.91 Cr	3.06 Cr	5.95 Cr	6.59 Cr
Deferred Tax Liability	44 Lk	1.45 Cr	1.52 Cr	1.21 Cr
Other Long Term Liabilities	2.32 Cr	69 Lk	48 Lk	48 Lk
Long Term Provisions	16 Lk	16 Lk	0	1 Lk
Total Non-Current Liabilities	1 Lk	-76 Lk	-3.95 Cr	-4.89 Cr
Trade Payables	54.71 Cr	44.07 Cr	43.67 Cr	59.92 Cr
Sundry Creditors	54.71 Cr	44.07 Cr	43.67 Cr	59.92 Cr
Other Current Liabilities	30.72 Cr	34.85 Cr	26.99 Cr	33.69 Cr
Advances received from customers	21.49 Cr	27.32 Cr	18.89 Cr	24.79 Cr
Short Term Provisions	38 Lk	16.3 Cr	27.17 Cr	30.96 Cr
Provision for Tax	0	15.27 Cr	25.4 Cr	28.04 Cr
Total Current Liabilities	85.81 Cr	95.22 Cr	97.83 Cr	124.57 Cr
Total Liabilities	322.95 Cr	354.42 Cr	396.23 Cr	464.99 Cr
Gross Block	133.96 Cr	134.52 Cr	148.26 Cr	148.85 Cr
Less: Accumulated Depreciation	67.45 Cr	75.81 Cr	85.15 Cr	84.24 Cr
Net Block	66.51 Cr	58.71 Cr	63.11 Cr	64.61 Cr
Capital Work in Progress	3 Lk	3.19 Cr	2.03 Cr	4.1 Cr
Non Current Investments	35.18 Cr	29.46 Cr	20.21 Cr	20.21 Cr
Long Term Investment	35.18 Cr	29.46 Cr	20.21 Cr	20.21 Cr
Quoted	27.67 Cr	22.21 Cr	20.21 Cr	20.21 Cr
Unquoted	7.51 Cr	7.25 Cr	0	0
Long Term Loans & Advances	7.67 Cr	7.89 Cr	10.43 Cr	10.47 Cr
Other Non Current Assets	0	1.03 Cr	10 Lk	3 Cr
Total Non-Current Assets	109.39 Cr	100.28 Cr	103.01 Cr	109.93 Cr
Currents Investments	19.18 Cr	27.92 Cr	37.1 Cr	25.1 Cr
Quoted	19.18 Cr	27.92 Cr	37.1 Cr	25.1 Cr
Unquoted	7.51 Cr	7.25 Cr	0	0
Inventories	78.14 Cr	64.13 Cr	66.6 Cr	85.23 Cr
Raw Materials	34.62 Cr	24.72 Cr	27.57 Cr	40.4 Cr
Work-in Progress	37.41 Cr	36.4 Cr	30.93 Cr	39.86 Cr
Finished Goods	5.54 Cr	2.13 Cr	7.49 Cr	4.19 Cr
Stores and Spare	57 Lk	88 Lk	61 Lk	78 Lk
Sundry Debtors	47.32 Cr	72.27 Cr	68.12 Cr	117.96 Cr
Debtors more than Six months	1.95 Cr	0	3.03 Cr	6.39 Cr
Debtors Others	46.9 Cr	73.89 Cr	67.63 Cr	119.95 Cr
Cash and Bank	2.75 Cr	67.36 Cr	90.08 Cr	7.91 Cr
Balances at Bank	2.75 Cr	67.36 Cr	90.08 Cr	7.91 Cr
Other Current Assets	4.55 Cr	3.5 Cr	4.43 Cr	5.65 Cr
Interest accrued on Investments	1.23 Cr	2.1 Cr	3.16 Cr	4.12 Cr
Interest accrued on Debentures	98 Lk	0	0	0
Prepaid Expenses	1.3 Cr	1.36 Cr	1.26 Cr	1.53 Cr
Short Term Loans and Advances	61.62 Cr	18.96 Cr	26.89 Cr	113.21 Cr
Advances recoverable in cash or in kind	1.28 Cr	72 Lk	1.62 Cr	2.62 Cr
Advance income tax and TDS	9 Lk	15.53 Cr	22.76 Cr	27.57 Cr
Total Current Assets	213.56 Cr	254.14 Cr	293.22 Cr	355.06 Cr
Net Current Assets (Including Current Investments)	127.75 Cr	158.92 Cr	195.39 Cr	230.49 Cr
Total Assets	322.95 Cr	354.42 Cr	396.23 Cr	464.99 Cr
Contingent Liabilities	2.09 Cr	6.44 Cr	1.52 Cr	2.07 Cr
Book Value	30.92	0	39.42	45.02
Adjusted Book Value	30.92	33.89	39.42	45.02

STANDALONE BALANCE SHEET FOR SHANTHI GEARS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	7.67 Cr	7.67 Cr	7.67 Cr	7.67 Cr
Equity - Authorised	10 Cr	10 Cr	10 Cr	10 Cr
Equity - Issued	7.67 Cr	7.67 Cr	7.67 Cr	7.67 Cr
Equity Paid Up	7.67 Cr	7.67 Cr	7.67 Cr	7.67 Cr
Face Value	1	1	1	1
Total Reserves	229.46 Cr	252.29 Cr	294.68 Cr	337.64 Cr
Profit & Loss Account Balance	24.89 Cr	48.18 Cr	92.22 Cr	136.09 Cr
General Reserves	204.29 Cr	204.29 Cr	204.29 Cr	204.29 Cr
Reserve excluding Revaluation Reserve	229.46 Cr	252.29 Cr	294.68 Cr	337.64 Cr
Shareholder's Funds	237.13 Cr	259.96 Cr	302.35 Cr	345.31 Cr
Deferred Tax Assets / Liabilities	-2.47 Cr	-1.61 Cr	-4.43 Cr	-5.38 Cr
Deferred Tax Assets	2.91 Cr	3.06 Cr	5.95 Cr	6.59 Cr
Deferred Tax Liability	44 Lk	1.45 Cr	1.52 Cr	1.21 Cr
Other Long Term Liabilities	2.32 Cr	69 Lk	48 Lk	48 Lk
Long Term Provisions	16 Lk	16 Lk	0	1 Lk
Total Non-Current Liabilities	1 Lk	-76 Lk	-3.95 Cr	-4.89 Cr
Trade Payables	54.71 Cr	44.07 Cr	43.67 Cr	59.92 Cr
Sundry Creditors	54.71 Cr	44.07 Cr	43.67 Cr	59.92 Cr
Other Current Liabilities	30.72 Cr	34.85 Cr	26.99 Cr	33.69 Cr
Advances received from customers	21.49 Cr	27.32 Cr	18.89 Cr	24.79 Cr
Short Term Provisions	38 Lk	16.3 Cr	27.17 Cr	30.96 Cr
Provision for Tax	0	15.27 Cr	25.4 Cr	28.04 Cr
Total Current Liabilities	85.81 Cr	95.22 Cr	97.83 Cr	124.57 Cr
Total Liabilities	322.95 Cr	354.42 Cr	396.23 Cr	464.99 Cr
Gross Block	133.96 Cr	134.52 Cr	148.26 Cr	148.85 Cr
Less: Accumulated Depreciation	67.45 Cr	75.81 Cr	85.15 Cr	84.24 Cr
Net Block	66.51 Cr	58.71 Cr	63.11 Cr	64.61 Cr
Capital Work in Progress	3 Lk	3.19 Cr	2.03 Cr	4.1 Cr
Non Current Investments	35.18 Cr	29.46 Cr	20.21 Cr	20.21 Cr
Long Term Investment	35.18 Cr	29.46 Cr	20.21 Cr	20.21 Cr
Quoted	27.67 Cr	22.21 Cr	20.21 Cr	20.21 Cr
Unquoted	7.51 Cr	7.25 Cr	0	0
Long Term Loans & Advances	7.67 Cr	7.89 Cr	10.43 Cr	10.47 Cr
Other Non Current Assets	0	1.03 Cr	10 Lk	3 Cr
Total Non-Current Assets	109.39 Cr	100.28 Cr	103.01 Cr	109.93 Cr
Currents Investments	19.18 Cr	27.92 Cr	37.1 Cr	25.1 Cr
Quoted	19.18 Cr	27.92 Cr	37.1 Cr	25.1 Cr
Unquoted	7.51 Cr	7.25 Cr	0	0
Inventories	78.14 Cr	64.13 Cr	66.6 Cr	85.23 Cr
Raw Materials	34.62 Cr	24.72 Cr	27.57 Cr	40.4 Cr
Work-in Progress	37.41 Cr	36.4 Cr	30.93 Cr	39.86 Cr
Finished Goods	5.54 Cr	2.13 Cr	7.49 Cr	4.19 Cr
Stores and Spare	57 Lk	88 Lk	61 Lk	78 Lk
Sundry Debtors	47.32 Cr	72.27 Cr	68.12 Cr	117.96 Cr
Debtors more than Six months	1.95 Cr	0	3.03 Cr	6.39 Cr
Debtors Others	46.9 Cr	73.89 Cr	67.63 Cr	119.95 Cr
Cash and Bank	2.75 Cr	67.36 Cr	90.08 Cr	7.91 Cr
Balances at Bank	2.75 Cr	67.36 Cr	90.08 Cr	7.91 Cr
Other Current Assets	4.55 Cr	3.5 Cr	4.43 Cr	5.65 Cr
Interest accrued on Investments	1.23 Cr	2.1 Cr	3.16 Cr	4.12 Cr
Interest accrued on Debentures	98 Lk	0	0	0
Prepaid Expenses	1.3 Cr	1.36 Cr	1.26 Cr	1.53 Cr
Short Term Loans and Advances	61.62 Cr	18.96 Cr	26.89 Cr	113.21 Cr
Advances recoverable in cash or in kind	1.28 Cr	72 Lk	1.62 Cr	2.62 Cr
Advance income tax and TDS	9 Lk	15.53 Cr	22.76 Cr	27.57 Cr
Total Current Assets	213.56 Cr	254.14 Cr	293.22 Cr	355.06 Cr
Net Current Assets (Including Current Investments)	127.75 Cr	158.92 Cr	195.39 Cr	230.49 Cr
Total Assets	322.95 Cr	354.42 Cr	396.23 Cr	464.99 Cr
Contingent Liabilities	2.09 Cr	6.44 Cr	1.52 Cr	2.07 Cr
Book Value	30.92	0	39.42	45.02
Adjusted Book Value	30.92	33.89	39.42	45.02

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR SHANTHI GEARS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	2.63	5.54	8.74	10.72
CEPS(Rs)	3.78	6.89	10.16	12.45
DPS(Rs)	1.5	2.5	5	5
Book NAV/Share(Rs)	30.92	33.89	39.42	45.02
Tax Rate(%)	22.63	27.69	25.66	24.98
Margin Ratios
Core EBITDA Margin(%)	12.1	17.89	20.24	19.09
EBIT Margin(%)	12.21	17.49	20.32	20.55
Pre Tax Margin(%)	12.1	17.42	20.24	20.45
PAT Margin (%)	9.36	12.6	15.05	15.34
Cash Profit Margin (%)	13.47	15.68	17.49	17.81
Performance Ratios
ROA(%)	6.7	12.46	17.86	19.12
ROE(%)	8.66	17.09	23.85	25.4
ROCE(%)	11.3	23.73	32.21	34.02
Asset Turnover(x)	0.72	0.99	1.19	1.25
Sales/Fixed Asset(x)	1.75	2.51	3.15	3.61
Working Capital/Sales(x)	1.69	2.12	2.28	2.33
Efficiency Ratios
Fixed Capital/Sales(x)	0.57	0.4	0.32	0.28
Receivable days	72.41	64.75	57.49	63.35
Inventory Days	117.68	77.03	53.54	51.69
Payable days	96.64	108.21	74.72	73.17
Valuation Parameters
PER(x)	48.29	32.57	41.62	51.67
PCE(x)	33.55	26.18	35.81	44.52
Price/Book(x)	4.11	5.32	9.23	12.31
Yield(%)	1.18	1.39	1.37	0.9
EV/Net Sales(x)	4.51	3.9	6.06	7.91
EV/Core EBITDA(x)	27.62	18.98	26.62	34.38
EV/EBIT(x)	36.92	22.32	29.82	38.5
EV/CE(x)	3.01	3.71	6.81	12.28
M Cap / Sales	4.52	4.1	6.26	7.93
Growth Ratio
Net Sales Growth(%)	-11.04	56.39	32.21	20.29
Core EBITDA Growth(%)	-14.78	97.16	46.29	21.62
EBIT Growth(%)	-19.98	124.14	53.57	21.64
PAT Growth(%)	-19.93	110.56	57.88	22.67
EPS Growth(%)	-19.93	110.56	57.88	22.67
Financial Stability Ratios
Current Ratio(x)	2.49	2.67	3	2.85
Quick Ratio(x)	1.58	2	2.32	2.17
Interest Cover(x)	109.63	245.71	244.76	211.85

FINANCIAL RATIOS (STANDALONE) FOR SHANTHI GEARS LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	2.63	5.54	8.74	10.72
CEPS(Rs)	3.78	6.89	10.16	12.45
DPS(Rs)	1.5	2.5	5	5
Book NAV/Share(Rs)	30.92	33.89	39.42	45.02
Tax Rate(%)	22.63	27.69	25.66	24.98
Margin Ratios
Core EBITDA Margin(%)	12.1	17.89	20.24	19.09
EBIT Margin(%)	12.21	17.49	20.32	20.55
Pre Tax Margin(%)	12.1	17.42	20.24	20.45
PAT Margin (%)	9.36	12.6	15.05	15.34
Cash Profit Margin (%)	13.47	15.68	17.49	17.81
Performance Ratios
ROA(%)	6.7	12.46	17.86	19.12
ROE(%)	8.66	17.09	23.85	25.4
ROCE(%)	11.3	23.73	32.21	34.02
Asset Turnover(x)	0.72	0.99	1.19	1.25
Sales/Fixed Asset(x)	1.75	2.51	3.15	3.61
Working Capital/Sales(x)	1.69	2.12	2.28	2.33
Efficiency Ratios
Fixed Capital/Sales(x)	0.57	0.4	0.32	0.28
Receivable days	72.41	64.75	57.49	63.35
Inventory Days	117.68	77.03	53.54	51.69
Payable days	96.64	108.21	74.72	73.17
Valuation Parameters
PER(x)	48.29	32.57	41.62	51.67
PCE(x)	33.55	26.18	35.81	44.52
Price/Book(x)	4.11	5.32	9.23	12.31
Yield(%)	1.18	1.39	1.37	0.9
EV/Net Sales(x)	4.51	3.9	6.06	7.91
EV/Core EBITDA(x)	27.62	18.98	26.62	34.38
EV/EBIT(x)	36.92	22.32	29.82	38.5
EV/CE(x)	3.01	3.71	6.81	12.28
M Cap / Sales	4.52	4.1	6.26	7.93
Growth Ratio
Net Sales Growth(%)	-11.04	56.39	32.21	20.29
Core EBITDA Growth(%)	-14.78	97.16	46.29	21.62
EBIT Growth(%)	-19.98	124.14	53.57	21.64
PAT Growth(%)	-19.93	110.56	57.88	22.67
EPS Growth(%)	-19.93	110.56	57.88	22.67
Financial Stability Ratios
Current Ratio(x)	2.49	2.67	3	2.85
Quick Ratio(x)	1.58	2	2.32	2.17
Interest Cover(x)	109.63	245.71	244.76	211.85

SHARE HOLDING PATTERN FOR SHANTHI GEARS LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	70.47	70.47	70.47	70.47	70.47	70.47	70.47	70.47	70.47	70.47
FII %	2.96	2.97	3.64	3.70	3.73	3.61	3.44	3.49	3.46	3.29
DII %	0.00	0.00	0.00	0.01	0.03	0.00	0.00	0.00	0.00	0.00
Public %	25.59	25.56	25.00	24.99	25.11	25.30	25.50	25.54	25.55	25.49

PEER COMPARISON FOR SHANTHI GEARS LIMITED

No.	Name
1	Banco Products (I) Limited
2	KINETIC ENGINEERING LTD
3	LG Balakrishnan & Bros Limited
4	Maharashtra Scooters Limited
5	UCAL LIMITED
6	Bosch Limited
7	Automotive Axles Limited
8	AUTOMOBILE CORPORATION OF GOA LTD
9	Setco Automotive Limited
10	Talbros Automotive Components Limited
11	Z.F.STEERING GEAR (INDIA) LTD
12	Bharat Gears Limited
13	Gabriel India Limited
14	Federal-Mogul Goetze (India) Limited
15	Hindustan Composites Limited
16	Steel Strips Wheels Limited
17	JMT Auto Limited
18	Subros Limited
19	Lumax Industries Limited
20	Samvardhana Motherson International Limited
21	Rico Auto Industries Limited
22	Munjal Showa Limited
23	Jamna Auto Industries Limited
24	TVS Holdings Limited
25	Jtekt India Limited
26	Munjal Auto Industries Limited
27	Jay Bharat Maruti Limited
28	Automotive Stampings and Assemblies Limited
29	Shanthi Gears Limited
30	The Hi-Tech Gears Limited
31	IP RINGS LTD
32	Remsons Industries Limited
33	India Nippon Electricals Limited
34	Castex Technologies Limited
35	Suprajit Engineering Limited
36	UNO Minda Limited
37	JBM Auto Limited
38	Rane (Madras) Limited
39	Fiem Industries Limited
40	Shivam Autotech Limited
41	Lumax Auto Technologies Limited
42	Autoline Industries Limited
43	Harita Seating Systems Limited
44	Sundaram Brake Linings Limited
45	Wheels India Limited
46	PPAP Automotive Limited
47	ZF Commercial Vehicle Control Systems India Limited
48	Rane Brake Lining Limited
49	Rane Engine Valve Limited
50	Sandhar Technologies Limited

CORPORATE ACTIONS FOR SHANTHI GEARS

Exchange Date	Purpose	Book Closure Dates
BSE 14-Oct-2024	Board Meeting - Quarterly Results	22-Oct-2024
BSE 19-Jul-2024	Board Meeting - Quarterly Results	29-Jul-2024
BSE 09-May-2024	Book Closure - Rs.2.0000 per share(200%)Final Dividend & A.G.M.	20-Jul-2024 29-Jul-2024
BSE 09-May-2024	AGM - Rs.2.0000 per share(200%)Final Dividend & A.G.M.	29-Jul-2024 29-Jul-2024
BSE 09-May-2024	Dividend - Rs.2.0000 per share(200%)Final Dividend
BSE 26-Apr-2024	Board Meeting - Audited Results & Final Dividend	09-May-2024
BSE 09-Feb-2024	Dividend - Rs.3.0000 per share(300%)Interim Dividend
BSE 19-Jan-2024	Board Meeting - Quarterly Results & Interim Dividend	30-Jan-2024
BSE 10-Oct-2023	Board Meeting - Quarterly Results	25-Oct-2023
BSE 13-Jul-2023	Board Meeting - Quarterly Results	26-Jul-2023
BSE 07-Jul-2023	Book Closure - Rs.2.0000 per share(200%)Final Dividend & A.G.M.	17-Jul-2023 26-Jul-2023
BSE 27-Jun-2023	Book Closure - Rs.2.0000 per share(200%)Final Dividend & A.G.M.	17-Jul-2023 26-Jul-2023
BSE 27-Jun-2023	AGM - Rs.2.0000 per share(200%)Final Dividend & A.G.M.	26-Jul-2023 26-Jul-2023
BSE 12-May-2023	Book Closure - Rs.2.0000 per share(200%)Final Dividend & A.G.M.	12-Jul-2023 21-Jul-2023
BSE 12-May-2023	AGM - Rs.2.0000 per share(200%)Final Dividend & A.G.M.	21-Jul-2023 21-Jul-2023
BSE 09-May-2023	Dividend - Rs.2.0000 per share(200%)Final Dividend
BSE 02-May-2023	Board Meeting - Final Dividend & Audited Results	09-May-2023
BSE 08-Feb-2023	Dividend - Rs.3.0000 per share(300%)Interim Dividend
BSE 10-Jan-2023	Board Meeting - Interim Dividend & Quarterly Results	25-Jan-2023
BSE 10-Oct-2022	Board Meeting - Quarterly Results	21-Oct-2022
BSE 15-Jul-2022	Board Meeting - Quarterly Results	25-Jul-2022
BSE 09-May-2022	Book Closure - A.G.M.	16-Jul-2022 25-Jul-2022
BSE 09-May-2022	AGM - A.G.M.	25-Jul-2022 25-Jul-2022
BSE 27-Apr-2022	Board Meeting - Audited Results	07-May-2022
BSE 14-Feb-2022	Dividend - Rs.2.5000 per share(250%)Interim Dividend
BSE 24-Jan-2022	Board Meeting - Quarterly Results & Interim Dividend	03-Feb-2022
BSE 13-Oct-2021	Board Meeting - Quarterly Results	22-Oct-2021

CORPORATE ANNOUNCEMENTS FOR SHANTHI GEARS

Exchange Date	Category File	Description
BSE 29-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of loss of share certificate
BSE 22-Oct-2024	Outcome FILE	Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2024 Unaudited Financial Results for the quarter and half year ended 30th September 2024
BSE 22-Oct-2024	Outcome FILE	Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended 30Th September 2024 Unaudited Financial Results for the quarter and half year ended 30th September 2024
BSE 18-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Credit Rating Credit Rating issued by ICRA for enhanced limits of Rs.39 Crores
BSE 14-Oct-2024	Intimation FILE	Board Meeting Intimation for Approving Unaudited Standalone Financial Results For The Quarter And Half Year Ended 30Th September 2024 SHANTHI GEARS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2024 inter alia to consider and approve unaudited standalone financial results for the quarter and half year ended 30th September 2024
BSE 09-Oct-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations 2018
BSE 03-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Credit Rating Credit Rating issued by ICRA
BSE 26-Sep-2024	Intimation FILE	Closure of Trading Window Closure of Trading Window for the quarter and half year ending 30th September 2024
BSE 29-Aug-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation regarding loss of share certificate
BSE 14-Aug-2024	General Announcements FILE	Change In Senior Management Change in Senior Management
BSE 05-Aug-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Issue of duplicate share certificate
BSE 30-Jul-2024	Outcome FILE	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report Voting Results of the 51st Annual General Meeting with the Scrutinizers Report
BSE 29-Jul-2024	Outcome FILE	Shareholder Meeting / Postal Ballot-Outcome of AGM Proceedings of the 51st Annual General Meeting held on 29th July 2024
BSE 29-Jul-2024	Outcome FILE	Board Meeting Outcome for Unaudited Standalone Financial Results For The Quarter Ended 30Th June 2024 Unaudited standalone financial results for the quarter ended 30th June 2024
BSE 29-Jul-2024	Outcome FILE	Unaudited Standalone Financial Results For The Quarter Ended 30Th June 2024 Unaudited Standalone Financial Results for the quarter ended 30th June 2024
BSE 19-Jul-2024	Intimation FILE	Board Meeting Intimation for The Un-Audited Standalone Financial Results For The Quarter Ended 30Th June 2024 SHANTHI GEARS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/07/2024 inter alia to consider and approve the Un-audited Standalone Financial Results for the quarter ended 30th June 2024
BSE 11-Jul-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Certificate under Reg. 74(5) of SEBI (DP) Regulations 2018 issued by the RTA
BSE 08-Jul-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Issue of Duplicate Share Certificate
BSE 06-Jul-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Newspaper Publication Newspaper Advertisement on the Notice of the 51st Annual General Meeting to be held on 29th July 2024.
BSE 05-Jul-2024	General Announcements FILE	Business Responsibility and Sustainability Reporting (BRSR) Business Responsibility and Sustainability Report for the Financial Year 2023-24
BSE 05-Jul-2024	General Announcements FILE	Reg. 34 (1) Annual Report. 51st Annual Report of the Company for the Financial Year 2023-24
BSE 05-Jul-2024	Intimation FILE	Notice Of The 51St Annual General Meeting Of The Company For The Financial Year Ended 31St March 2024 Notice of the 51st Annual General Meeting for the Financial Year ended 31st March 2024
BSE 27-Jun-2024	General Announcements FILE	Intimation Under Regulation 30(5) Of Securities And Exchange Board Of India ("SEBI") (Listing Obligations And Disclosure Requirements Regulations 2015 Intimation under Regulation 30(5) of SEBI (LODR) 2015
BSE 27-Jun-2024	Intimation FILE	Closure of Trading Window Intimation of Trading Window Closure for the quarter ended 30th June 2024
BSE 12-Jun-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Issue of Duplicate Share Certificate
BSE 30-May-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Loss of Share Certificate
BSE 09-May-2024	Intimation FILE	Fixes Book Closure From Saturday 20Th July 2024 Till Monday 29Th July 2024 (Both Days Inclusive) Fixes Book Closure from Saturday 20th July 2024 till Monday 29th July 2024 (both days inclusive)
BSE 09-May-2024	Intimation FILE	Fixes Record Date On Friday The 19Th July 2024 Fixes Record Date on Friday the 19th July 2024
BSE 09-May-2024	Outcome FILE	Corporate Action-Board approves Dividend Board approves Final Dividend of Rs.2 per share
BSE 09-May-2024	Outcome FILE	Audited Financial Results For The Quarter And Financial Year Ended 31St March 2024 Audited Financial Results for the quarter and financial year ended 31st March 2024

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
No Insider trading details found

BULK BLOCK DEALS FOR SHANTHI GEARS LIMITED

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
No Bulk Block details found

DIVIDEND BY SHANTHI GEARS LIMITED

Ex Dividend Date	Dividend Type	Dividend
07-Feb-2025	INTERIM DIVIDEND	3
19-Jul-2024	DIVIDEND	2
09-Feb-2024	INTERIM DIVIDEND	3
14-Jul-2023	DIVIDEND	2
08-Feb-2023	INTERIM DIVIDEND	3
14-Feb-2022	INTERIM DIVIDEND	2.5
22-Feb-2021	INTERIM DIVIDEND	1.5