---
title: "Shanthi Gears Ltd (SHANTIGEAR) — Share Price, Financials & Analysis"
symbol: "SHANTIGEAR"
company: "Shanthi Gears Ltd"
canonical: "https://tapetide.com/stocks/SHANTIGEAR"
isin: "INE631A01022"
nse_symbol: "SHANTIGEAR"
bse_code: "522034"
sector: "Industrials"
industry: "Industrial Manufacturing"
market_cap_cr: 5581.08
generated_at: "2026-09-13T18:58:56.485Z"
---

# Shanthi Gears Ltd (SHANTIGEAR)

Canonical page: https://tapetide.com/stocks/SHANTIGEAR

## Company

- **NSE Symbol:** SHANTIGEAR
- **BSE Code:** 522034
- **ISIN:** INE631A01022
- **Sector:** Industrials
- **Industry:** Industrial Manufacturing
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 1996-01-17
- **CEO:** Mr. Muthusamy Karunakaran
- **Employees:** 503
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** shanthigears.com

## About

Shanthi Gears Ltd is in the business of design, manufacture, supply and servicing of gears and gear boxes.[1]

## Latest Price

- **Price:** ₹714.95
- **Change:** -10.5 (-1.45%)
- **Open:** ₹720
- **Day High:** ₹733.9
- **Day Low:** ₹708.55
- **Previous Close:** ₹725.45
- **Volume:** 146091
- **As Of:** 2026-09-11T10:20:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:43:05.855393Z.

- **Market Cap:** ₹5581.08 Cr
- **Classification:** Microcap
- **P/E (reported):** 87.1
- **P/E (TTM):** 86.03
- **EPS (TTM):** ₹8.31
- **EPS (reported):** ₹11.18
- **Book Value:** ₹57.36
- **Price to Book:** 12.64
- **Dividend Yield:** 0.69%
- **ROE:** 17.42%
- **ROCE:** 22.93%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹538.3 Cr
- **Net Income:** ₹76.7 Cr
- **EBITDA:** ₹123.5 Cr
- **52-Week High:** ₹743
- **52-Week Low:** ₹384
- **RSI (14):** 87.22

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 43.6 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 91.16 | 9% |
| growth | 7.89 | 9% |
| momentum | 80.77 | 12% |
| ownership | 49.16 | 24% |
| quality | 65.44 | 22% |
| valuation | 29.48 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 45.5%

### Weaknesses

- Stock is trading at 12.5 times its book value

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -22.86% | 92.69% | 100.23% |
| ebitda margin growth | -27.17% | -0.86% | 4.08% | 14.98% |
| net income growth | -39.26% | -20.1% | 6% | 32% |
| revenue growth | -15.05% | -13.08% | 5% | 19% |
| roce | — | -28.81% | -27.69% | 27.83% |
| roe | — | -26.9% | 21.69% | 6.61% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 135.42 | 125.54 | 153.64 | 138.82 | 155.08 | 157.51 | 153.21 | 134.89 | 131.91 | 116.82 | 135.1 | 115.49 |
| Expenses | 106.69 | 102.19 | 127.03 | 110.17 | 120.92 | 122.56 | 122.24 | 104.38 | 105.39 | 93.83 | 111.21 | 100.31 |
| Operating Profit | 28.73 | 23.35 | 26.61 | 28.65 | 34.16 | 34.95 | 30.97 | 30.51 | 26.52 | 22.99 | 23.89 | 15.18 |
| OPM % | 21.22 | 18.6 | 17.32 | 20.64 | 22.03 | 22.19 | 20.21 | 22.62 | 20.1 | 19.68 | 17.68 | 13.14 |
| Other Income | 3.94 | 3.61 | 9.52 | 3.39 | 3.37 | 3.89 | 4.01 | 3.77 | 5.94 | 2.51 | 2.63 | 4.16 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.11 |
| Depreciation | 3.01 | 3.01 | 4.22 | 3.09 | 3.23 | 3.41 | 3.57 | 3.66 | 3.78 | 3.91 | 4.71 | 5.06 |
| Profit before tax | 29.66 | 23.95 | 31.91 | 28.95 | 34.3 | 35.43 | 31.41 | 30.62 | 28.68 | 21.59 | 21.81 | 14.17 |
| Tax % | 29.13 | 27.22 | 19.52 | 25.18 | 25.28 | 25.83 | 28.49 | 25.9 | 25 | 25.01 | 25.4 | 30.49 |
| Net Profit | 21.02 | 17.43 | 25.68 | 21.66 | 25.63 | 26.28 | 22.46 | 22.69 | 21.51 | 16.19 | 16.27 | 9.85 |
| EPS in Rs | 2.74 | 2.27 | 3.35 | 2.82 | 3.34 | 3.43 | 2.93 | 2.96 | 2.8 | 2.11 | 2.12 | 1.28 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 214 | 242 | 242 | 216 | 337 | 446 | 536 | 605 | 519 | 499 |
| Expenses | 177 | 200 | 208 | 189 | 277 | 355 | 434 | 475 | 414 | 411 |
| Operating Profit | 37 | 41 | 35 | 27 | 60 | 90 | 102 | 129 | 104 | 89 |
| OPM % | 17 | 17 | 14 | 12 | 18 | 20 | 19 | 21 | 20 | 18 |
| Other Income | 12 | 12 | 7 | 8 | 9 | 11 | 21 | 15 | 15 | 15 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 16 | 11 | 8 | 9 | 10 | 11 | 13 | 13 | 16 | 17 |
| Profit before tax | 33 | 42 | 33 | 26 | 59 | 90 | 110 | 130 | 103 | 86 |
| Tax % | 14 | 21 | 23 | 23 | 28 | 26 | 25 | 26 | 25 | — |
| Net Profit | 29 | 33 | 25 | 20 | 42 | 67 | 82 | 96 | 77 | 64 |
| EPS in Rs | 3.5 | 4.08 | 3.28 | 2.63 | 5.54 | 8.74 | 10.72 | 12.52 | 9.99 | 8.31 |
| Dividend Payout % | 29 | 147 | 61 | 57 | 45 | 57 | 47 | 40 | 50 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 298 | 310 | 294 | 221 | 229 | 252 | 295 | 338 | 395 | 432 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 41 | 42 | 51 | 54 | 88 | 81 | 75 | 97 | 101 | 116 |
| Total Liabilities | 348 | 360 | 353 | 283 | 325 | 341 | 377 | 443 | 504 | 556 |
| Fixed Assets | 65 | 57 | 59 | 60 | 74 | 66 | 70 | 72 | 79 | 106 |
| CWIP | 1 | 0 | 0 | 6 | 0 | 3 | 2 | 4 | 5 | 26 |
| Investments | 70 | 114 | 124 | 79 | 47 | 50 | 57 | 45 | 88 | 75 |
| Other Assets | 212 | 189 | 170 | 138 | 205 | 221 | 248 | 321 | 332 | 348 |
| Total Assets | 348 | 360 | 353 | 283 | 325 | 341 | 377 | 443 | 504 | 556 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 14 | 42 | 27 | 56 | 31 | 35 | 63 | 36 | 91 | 70 |
| Cash from Investing Activity | -13 | -26 | 40 | 24 | -18 | -16 | -26 | -12 | -38 | -45 |
| Cash from Financing Activity | 0 | -17 | -49 | -98 | -12 | -19 | -23 | -39 | -38 | -38 |
| Net Cash Flow | 1 | -1 | 18 | -18 | 1 | -1 | 14 | -14 | 14 | -14 |
| Free Cash Flow | 8 | 37 | 16 | 38 | 16 | 30 | 48 | 18 | 67 | 17 |
| CFO/OP | 55 | 131 | 90 | 182 | 131 | 83 | 94 | 61 | 96 | 95 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 92 | 95 | 85 | 58 | 80 | 78 | 56 | 80 | 83 | 81 |
| Inventory Days | 397 | 238 | 237 | 192 | 275 | 141 | 113 | 121 | 103 | 168 |
| Days Payable | 132 | 96 | 105 | 95 | 193 | 97 | 73 | 79 | 80 | 108 |
| Cash Conversion Cycle | 357 | 237 | 218 | 154 | 163 | 122 | 96 | 123 | 106 | 142 |
| Working Capital Days | 317 | 230 | 135 | 104 | 87 | 69 | 56 | 135 | 88 | 107 |
| ROCE % | 10 | 10 | 13 | 12 | 11 | 24 | 32 | 33 | 35 | 26 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% | 70.47% |
| FIIs | 3.61% | 3.44% | 3.5% | 3.47% | 3.3% | 3.25% | 3.23% | 3.26% | 3.22% | 3.16% | 3.14% | 3.13% |
| DIIs | 0.61% | 0.59% | 0.5% | 0.51% | 0.74% | 0.74% | 0.76% | 0.48% | 0.29% | 0.23% | 0.22% | 0.22% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 20.21% | 20.48% | 20.45% | 20.43% | 20.36% | 20.35% | 20.43% | 20.68% | 20.86% | 21.02% | 21.09% | 21.11% |
| Others | 5.09% | 5.02% | 5.08% | 5.12% | 5.13% | 5.19% | 5.12% | 5.11% | 5.16% | 5.12% | 5.08% | 5.06% |
| No. of Shareholders | 29393 | 30329 | 26240 | 25405 | 26471 | 27759 | 28497 | 29010 | 29461 | 30013 | 28913 | 28529 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 2 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 628.27 | Buy |
| EMA (10) | 644.57 | Buy |
| SMA (20) | 551.69 | Buy |
| EMA (20) | 580.73 | Buy |
| SMA (50) | 472.81 | Buy |
| EMA (50) | 507.62 | Buy |
| SMA (100) | 461.8 | Buy |
| EMA (100) | 478.9 | Buy |
| SMA (200) | 458.68 | Buy |
| EMA (200) | 471.19 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 83.68 | Sell |
| MACD (12,26,9) | 72.19 | Buy |
| Stochastic (14,3,3) | 90.67 | Sell |
| ADX (14) | 60.84 | Buy |
| Williams %R (14) | -12.05 | Sell |
| ATR (14) | 35.04 | High Volatility |
| ROC (12) | 27.33 | Buy |
| Stoch RSI (14) | 82.25 | Sell |
| UO (7,14,28) | 69.65 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ec8f7b1e-564f-4e05-a9cb-44f850b9f4a2.pdf) |
| 2026-08-26 | [Clarification On Price Movement](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0d70bb98-5be8-41ae-a615-cc2c01900c27.pdf) |
| 2026-08-21 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=DD2C24FC_D95C_455D_B819_0028410E22EA_180049.pdf) |
| 2026-07-30 | [Newspaper Advertisement Of Unaudited Financial Results Published On 30Th July 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=11d052b1-22f9-48a3-9697-934cac234ad4.pdf) |
| 2026-07-30 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4184df67-e9fb-48e2-a61a-b03221b80a89.pdf) |
| 2026-07-29 | [Board Meeting Outcome for Board Meeting Outcome For The Unaudited Standalone Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7cd6f04-9512-4c2f-8128-855d54ce4771.pdf) |
| 2026-07-29 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14a92a8a-cbb3-4ff4-9868-5a5699352744.pdf) |
| 2026-07-29 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5fac5e69-ba49-472c-ab33-04dd922445fd.pdf) |
| 2026-07-17 | [Board Meeting Intimation for The Unaudited Financial Results For The Quarter Ended 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7a4bab5-c16e-4a0c-99e7-f07e0c096c93.pdf) |
| 2026-07-13 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e4626d8-d5ff-466e-9666-7be9e4d36662.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6h - Shanthi Gears approved FY26 audited results, Rs2 final dividend, 53rd AGM on 29 July 2026, and board changes. | [The Audited Financial Results For The Quarter And Year Ended 31St March 2026 6h - Shanthi Gears approved FY26 audited results, Rs2 final dividend, 53rd AGM on 29 July 2026, and board changes.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/cba26c96-66a5-42bd-a6f3-900a434e33ab.pdf) |
| 6h - Board approved FY26 audited results, Rs2 final dividend, 29 Jul 2026 AGM, director changes and technology head resignation. | [Corporate Action-Board approves Dividend 6h - Board approved FY26 audited results, Rs2 final dividend, 29 Jul 2026 AGM, director changes and technology head resignation.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/044dc2fc-4928-4a5e-9e68-95885f8128bf.pdf) |
| 6 May - Submitted Annual Secretarial Compliance Report for FY ended 31 March 2026. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 6 May - Submitted Annual Secretarial Compliance Report for FY ended 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/2dc3a76f-150a-4b98-921e-0d372689fd4c.pdf) |
| 5 May - Shanthi Gears approved FY26 audited results, recommended ₹2 final dividend, AGM on 29 July 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 5 May - Shanthi Gears approved FY26 audited results, recommended ₹2 final dividend, AGM on 29 July 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/0e223447-3811-44ad-94fc-5597e1caed63.pdf) |
| 5 May - FY26 audited results approved; Rs2 final dividend proposed, AGM on 29 July 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 5 May - FY26 audited results approved; Rs2 final dividend proposed, AGM on 29 July 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/f7517f0f-3cd0-4ce0-8395-bc3b48cf0e26.pdf) |
| 4 Apr - Compliance certificate under Regulation 74(5) for quarter ended 31 March 2026 submitted. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr - Compliance certificate under Regulation 74(5) for quarter ended 31 March 2026 submitted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/36c49a6a-07e8-4d33-9b4a-5c61eae490c9.pdf) |
| 24 Apr - Board meeting on 5 May 2026 to approve FY26 audited results and consider final dividend. | [Board Meeting Intimation for The Audited Financial Results For The Quarter And Year Ended 31St March, 2026 And Issue Of Dividend If Any 24 Apr - Board meeting on 5 May 2026 to approve FY26 audited results and consider final dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88655944-f1bf-4d87-88af-b1c68dd80e09.pdf) |
| 23 Jan - Application filed 23 Jan 2026 to reclassify Algavista Greentech to public; 0 shares (0.00%). | [Intimation On Submission Of Application For Promoter Reclassification Under Regulation 31A(8)(C) Of SEBI (LODR) Regulations 2015 23 Jan - Application filed 23 Jan 2026 to reclassify Algavista Greentech to public; 0 shares (0.00%).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ec0bd7c-84ab-40af-910e-fee6b1c79871.pdf) |
| 22 Jan - Q3 revenue ₹116.82Cr, PBT ₹21.59Cr; interim dividend ₹3/share (record date 29 Jan 2026); CFO to resign effective 19 Mar 2026. | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 22 Jan - Q3 revenue ₹116.82Cr, PBT ₹21.59Cr; interim dividend ₹3/share (record date 29 Jan 2026); CFO to resign effective 19 Mar 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9f657956-f5fc-4444-a120-4a3edf4d9503.pdf) |
| 20 Mar - NSE and BSE granted 20 Mar 2026 no-objection to reclassify Algavista Greentech from promoter group. | [Grant Of No-Objection From The Stock Exchanges For Re-Classification Of Certain Members Of Promoter Group 20 Mar - NSE and BSE granted 20 Mar 2026 no-objection to reclassify Algavista Greentech from promoter group.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5f1aff94-1c47-4e9c-adef-959140c561d9.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-05 | [The Audited Financial Results For The Quarter And Year Ended 31St March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cba26c96-66a5-42bd-a6f3-900a434e33ab.pdf) |
| 2025-04-24 | [Audited Financials For The Quarter And Year Ended 31St March 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cda8337a-74a3-48cb-8457-f4d66db8474a.pdf) |
| 2025-01-30 | [Financial Results For The Quarter And Nine Months Ended 31St December 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c767a82-a547-4191-84b4-8afd0f59d308.pdf) |
| 2024-10-22 | [Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65086b01-8e1f-4030-9aa2-6729d50951c5.pdf) |
| 2024-07-29 | [Unaudited Standalone Financial Results For The Quarter Ended 30Th June, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b3752bbf-4374-4664-b57e-510a3e84f095.pdf) |
| 2024-05-09 | [Audited Financial Results For The Quarter And Financial Year Ended 31St March, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bfeca8cb-8237-4dd8-af21-af6f6e424365.pdf) |
| 2023-10-25 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 25Th October,2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b953372-f1d0-455f-bb65-0dc55362799c.pdf) |
| 2023-07-26 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 26Th July, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=46e76d6e-f440-49fc-8401-84d7b4713bf3.pdf) |
| 2023-05-09 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 09Th May, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=34d04aad-8758-47dc-a08a-793d621f5cbc.pdf) |
| 2023-01-25 | [Board Meeting Outcome for Out Come Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bef47a72-2432-4d90-baef-fa4976434d5a.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_167_SHANTIGEAR_2012_2013_01072013121214.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2b9069fc-4160-4119-8be4-72b6124c7084.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/879f7122-2520-4e54-82bd-9ab09d101be0.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/22cbd0b0-4851-47ec-ad88-990e5d208143.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ecad5dee-8f19-4871-86e4-52c51d5fcd33.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/522034/73421522034.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/522034/68695522034.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/522034/5220340320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/522034/5220340319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/522034/5220340318.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2016 | [Concall - Sep 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C81C13AD_284B_4093_ACA8_104D32A4B1DB_085900.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:56.485Z.