SHANTAI
Shantai Industries financials
- Market cap
- ₹77 Cr
Quarterly results
Q1 FY27: revenue down 100.0%, net profit down 66.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4 | 8 | 7 | 4 | 3 −40% | 2 −82% | 2 −78% | 0 −100% |
| EBITDA | 0 | 0 | 0 | -0 | 0 +12% | -1 −1090% | -0 −1150% | -0 −133% |
| Net profit | 0 | 0 | 0 | -0 | 0 +0% | -1 −1080% | -0 −612% | -0 −67% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +642.5% 1Y
1Y: ₹12.3 on 5 Sept 2025 → ₹91.33. High ₹102.01 (15 May 2026), low ₹12.17 (8 Sept 2025).
Financials, as filed
Revenue grew 175.8% a year over 2 years, FY24 to FY26. Operating margin narrowed to -13.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1 Cr | ₹20 Cr | ₹10 Cr |
| Operating profit | ₹-0 Cr | ₹0 Cr | ₹-1 Cr |
| Operating margin | -7.0% | 1.2% | -13.8% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-0 Cr | ₹0 Cr | ₹-1 Cr |
| Net margin | -5.4% | 1.5% | -13.5% |
| Cash from operations | ₹0 Cr | ₹-3 Cr | ₹3 Cr |
| Free cash flow | ₹0 Cr | ₹-3 Cr | ₹3 Cr |
| ROCE | -0.8% | 3.6% | -15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Reserves | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹5 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Total liabilities | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹6 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹6 Cr |
| Total assets | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹6 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Aug 2026
The ownership split has held steady since Sep 2025. The shareholder count shrank 7% to 1,284.
- Promoters
- 74.4%
- Public
- 25.6%
Since Sep 2025
- Public −0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Dec '23: Promoters 74.4%, Public 25.6%.Mar '24: Promoters 74.4%, Public 25.6%.Jun '24: Promoters 74.4%, Public 25.6%.Sep '24: Promoters 74.4%, Public 25.6%.Dec '24: Promoters 74.4%, Public 25.6%.Mar '25: Promoters 74.4%, Public 25.6%.Jun '25: Promoters 74.4%, Public 25.6%.Sep '25: Promoters 74.4%, Public 25.6%.Dec '25: Promoters 74.4%, Public 25.6%.Mar '26: Promoters 74.4%, Public 25.6%.Jun '26: Promoters 74.4%, Public 25.6%.Aug '26: Promoters 74.4%, Public 25.6%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Radhe Dhokla Private Limited newly disclosed 66.40% held
- Jinesh Kanaiyalal Pandav newly disclosed 5.00% held
- Dishant Kanubhai Pandav newly disclosed 1.00% held
- Nikunj Vijaybhai Prajapati newly disclosed 1.00% held
- Pradipkumar Vijaybhai Pandav newly disclosed 1.00% held
The same filing shows 5 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Aug 2026 filing
Every holder of Shantai Industries Ltd above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Radhe Dhokla Private Limited | 66.40% | newly disclosed |
| Jinesh Kanaiyalal Pandav | 5.00% | newly disclosed |
| Prakashchand Sandh | 3.98% | unchanged |
| Prakashchand Sandh Huf | 1.15% | unchanged |
| Sweety Sandh | 1.15% | unchanged |
| Dishant Kanubhai Pandav | 1.00% | newly disclosed |
| Nikunj Vijaybhai Prajapati | 1.00% | newly disclosed |
| Pradipkumar Vijaybhai Pandav | 1.00% | newly disclosed |
| Vasudev Fatandas Sawlani | 0.00% | −24.80 pp |
| Harishbhai Fatandas Sawlani | 0.00% | −16.00 pp |
| Murlibhai Fatandas Sawlani | 0.00% | −16.00 pp |
| Disha Murlidhar Sawlani | 0.00% | −8.80 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Shantai Industries Ltd
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