---
title: "Shanti Inorganics Ltd (SHANTIINOR) — Share Price, Financials & Analysis"
symbol: "SHANTIINOR"
company: "Shanti Inorganics Ltd"
canonical: "https://tapetide.com/stocks/SHANTIINOR"
isin: "INE1ZEE01019"
nse_symbol: "SHANTIINOR"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
market_cap_cr: 318.99
generated_at: "2026-09-13T18:59:17.566Z"
---

# Shanti Inorganics Ltd (SHANTIINOR)

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

## Company

- **NSE Symbol:** SHANTIINOR
- **ISIN:** INE1ZEE01019
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Listed Since:** 2026-09-07
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

Incorporated in January 2010, 
Shanti Inorganics Ltd. manufactures 
and trades sulfur-based inorganic 
chemicals.[1]

## Latest Price

- **Price:** ₹184.95
- **Change:** +8.8 (+5%)
- **Open:** ₹184.95
- **Day High:** ₹184.95
- **Day Low:** ₹184.95
- **Previous Close:** ₹176.15
- **Volume:** 27200
- **As Of:** 2026-09-11T09:44:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:33:31.248940Z.

- **Market Cap:** ₹318.99 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹55.36
- **Price to Book:** 3.18
- **Dividend Yield:** 0%
- **ROE:** 21.19%
- **ROCE:** 21.34%
- **Debt to Equity:** 0.63
- **Revenue (yearly):** ₹72.9 Cr
- **Net Income:** ₹10.2 Cr
- **EBITDA:** ₹17.1 Cr
- **52-Week High:** ₹176.15
- **52-Week Low:** ₹83

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 30.1%

### Weaknesses

- Company might be capitalizing the interest cost

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -60.72% | 75.79% | 576.56% |
| ebitda margin growth | 2.27% | 18.54% | — |
| net income growth | 27.5% | 100% | — |
| revenue growth | 24.62% | 17.36% | — |
| roce | -35.04% | -19.17% | — |
| roe | -32.15% | 27.16% | — |

## Financial Statements

### Profit & Loss

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

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 45 | 57 | 71 |
| Expenses | 36 | 45 | 56 |
| Operating Profit | 9 | 12 | 15 |
| OPM % | 19 | 21 | 22 |
| Other Income | 0 | 1 | 2 |
| Interest | 1 | 2 | 1 |
| Depreciation | 1 | 1 | 2 |
| Profit before tax | 7 | 11 | 14 |
| Tax % | 25 | 26 | 26 |
| Net Profit | 5 | 8 | 10 |
| EPS in Rs | 80.5 | 125.63 | 8.84 |
| Dividend Payout % | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Equity Capital | 0.64 | 0.64 | 12 |
| Reserves | 17 | 25 | 37 |
| Borrowings | 24 | 25 | 31 |
| Other Liabilities | 11 | 15 | 18 |
| Total Liabilities | 53 | 66 | 97 |
| Fixed Assets | 7 | 37 | 40 |
| CWIP | 18 | 5 | 12 |
| Investments | 1 | 1 | 1 |
| Other Assets | 27 | 23 | 45 |
| Total Assets | 53 | 66 | 97 |

### Cash Flow

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

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Cash from Operating Activity | 3 | 16 | 6 |
| Cash from Investing Activity | -19 | -16 | -22 |
| Cash from Financing Activity | 17 | -1 | 16 |
| Net Cash Flow | 1 | -1 | 0 |
| Free Cash Flow | -16 | -2 | -5 |
| CFO/OP | 55 | 145 | 63 |

### Ratios

| Item | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Debtor Days | 97 | 100 | 101 |
| Inventory Days | 11 | 37 | 64 |
| Days Payable | 124 | 167 | 136 |
| Cash Conversion Cycle | -17 | -29 | 30 |
| Working Capital Days | 6 | -41 | 30 |
| ROCE % | — | 26 | 23 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Sep 2026 |
| --- | --- | --- |
| Promoters | 83.65% | 56.05% |
| FIIs | 0% | 6.36% |
| DIIs | 0% | 9.42% |
| Government | 0% | 0% |
| Public | 0% | 22.78% |
| Others | 16.35% | 5.39% |
| No. of Shareholders | 19 | 42 |

## Technical Indicators

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

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 0 / 19 / 0

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | — | Neutral |
| EMA (10) | — | Neutral |
| SMA (20) | — | Neutral |
| EMA (20) | — | Neutral |
| SMA (50) | — | Neutral |
| EMA (50) | — | Neutral |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | — | Neutral |
| MACD (12,26,9) | — | Neutral |
| Stochastic (14,3,3) | — | Neutral |
| ADX (14) | — | Neutral |
| Williams %R (14) | — | Neutral |
| ATR (14) | — | Neutral |
| ROC (12) | — | Neutral |
| Stoch RSI (14) | — | Neutral |
| UO (7,14,28) | — | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Sep - Company disclosed authorised KMPs for Regulation 30(5) disclosures on 7 September 2026. | [General Updates 7 Sep - Company disclosed authorised KMPs for Regulation 30(5) disclosures on 7 September 2026.](https://nsearchives.nseindia.com/corporate/SHANTIIN_07092026155341_REG_30__1__NSE_s.pdf) |

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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 2026-09-13T18:59:17.566Z.