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Shanti Gold International share price & results

Shanti Gold International Limited· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Mumbai-based gold jewellery manufacturer selling wholesale to retailers across India and 4 export markets.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue716 ₹ crore+144.4% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin10.0 %−3.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit50.0 ₹ crore+100.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity50.54 %−7.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-13.18 %−11.6 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)110.70 %+27.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 4 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.

Shanti Gold International Limited management guidance track record on Inve: 17 targets tracked across analysed earnings calls (2 achieved, 2 missed, 13 open).

TargetOriginal wordingSaidLatest callVerdict
Operationsinitially few months to start with, it's going to be around 100 kgs per month
Call transcript, Q4 FY26 · 22 May 2026		Q4 FY26Q1 FY27:Ghosted. Management confirmed the Marol facility commenced operations in June, but did not provide any data on the initial production rate, failing to confirm if the 100kg/month target was met.
Call transcript, Q1 FY27 · 20 Aug 2026		Ghosted
OperationsReady by May-June '26
Call transcript, Q2 FY26 · 6 Nov 2025		Q2 FY26Q1 FY27:Delayed again. Management now states the facility 'should be operational around November, mid-November or December'. This is another 1-2 month slip from the prior quarter's guidance.
Call transcript, Q1 FY27 · 20 Aug 2026		Delayed
RevenueINR2,800 crores to INR3,000 crores (more likely INR3,000 crores) in FY27
Call transcript, Q2 FY26 · 6 Nov 2025		Q2 FY26Q1 FY27:Reiterated. Management is 'sticking to the guidance of INR3,500 crores'. Q1 revenue of ₹716.38 cr puts the company on track to meet the annual target, especially with new capacity coming online.
Call transcript, Q1 FY27 · 20 Aug 2026		On Track

Source: Inve Guidance Tracker for Shanti Gold International Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Shanti Gold International Limited's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Price

₹327.6 −11.10% · −₹40.9

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +64.1% 1Y

₹200₹300₹400Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 22 May 2026Q1 FY27 — 20 Aug 2026

1Y: ₹199.62 on 24 Oct 2025 → ₹327.6. High ₹423.3 (16 Oct 2026), low ₹156.63 (30 Mar 2026).

Previous close
₹368.5
Market cap
₹2.5k Cr
52-week range
₹156.63 – ₹423.3
One year
+54.24%
Price to earnings (TTM to Jun 2026)
13.52×
Return on equity (TTM to Jun 2026)
50.54%

Overview

Symbol
NSE:SHANTIGOLD
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Shanti Gold International Limited does

Based on the company's own presentations, annual report and earnings calls.

Shanti Gold International designs, casts, and finishes CZ (cubic zirconia) and plain gold jewellery -- bangles, necklaces, rings and jewellery sets -- at its integrated manufacturing facility in Andheri, Mumbai, covering every step from CAD design through casting, polishing, hallmarking and packing under one roof. It earns by supplying wholesale and on a job-work basis to national and regional retail jewellers, including marquee clients such as Joyalukkas, Lalithaa, Alukkas, Vysyaraju and Shree Kalptaru, rather than through its own retail stores. Distribution spans a pan-India retailer network as well as a handful of international markets. The company is building additional capacity at a new Jaipur facility and a second Mumbai unit, and has recently entered machine-made plain gold jewellery as a new product line.

Segments

  • Domestic wholesale
  • International / export
Installed manufacturing capacity (Andheri, Mumbai facility)
2,700 kg per annum
Manufacturing facility area
13,448 sq. ft. (Andheri, Mumbai)
In-house CAD design team
96 designers
New jewellery designs generated
400+ per month
Domestic distribution footprint
15 states and 2 Union Territories
International markets served
4 countries
Founded 2003Headquarters Andheri (East), Mumbai, Maharashtra Company website

How the price took the results

close before → close after

Q1 FY27
+5.1%
20 Aug
Q4 FY26
+0.8%
22 May
Q3 FY26
+0.4%
11 Feb
Q2 FY26
−2.9%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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