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    Shanthi Gears Limited

    Coimbatore-based Murugappa Group manufacturer of industrial gears, gearboxes and geared motors.

    Capital Goods
    Industrials
    ₹423.6
    -4.74% from avg

    Overview

    Price

    ₹423.6

    Market Cap

    ₹3.2k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    5

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital88888888
    Reserves221229252295338395424432
    Borrowings00000000
    Other Liabilities548881759710194116
    Total Liabilities283325341377443504526556
    AssetsFixed Assets60746670727979106
    CWIP603245726
    Investments7947505745889975
    Other Assets138205221248321332341348
    Total Assets283325341377443504526556

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2756313563369170
    Cash from Investing4024-18-16-26-12-38-45
    Cash from Financing-49-98-12-19-23-39-38-38
    SummaryCapital Expenditure
    Free Cash Flow1638163048186717
    FCF Margin

    Valuation

    Assumptions

    Current — SHANTIGEAR
    Price
    ₹424
    EPS (TTM)
    ₹9.99
    PE (TTM)
    42.4
    Profit growth
    4.7%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (43.6×) and current (42.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹424
    vs
    Fair value · 15% return
    ₹222
    48%Overvalued

    At 4.7% growth and a 42× exit, ₹424 only delivers your return if you pay ₹222. The price is currently baking in 18% growth.

    EPS grows 4.7%/yr for 5 years, then fades to 6% over 2, exits at 42×.

    YearGrowthEPS (₹)
    FY274.7%10.46
    FY284.7%10.95
    FY294.7%11.47
    FY304.7%12.00
    FY314.7%12.57
    FY325.3% ·fade13.24
    FY336.0% ·fade14.04

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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