Shanthi Gears Limited
Shanthi Gears Limited designs, manufactures, supplies, and services gears and gear boxes in India, the United States, Europe, and internationally. The company provides helical and bevel helical, worm, extruder, and cooling tower gear boxes, as well as geared motors. It also offers gears and pinions; special gearboxes; and iron, iron castings, phosphor bronze, aluminum bronze, leaded bronze, and c… Read more
Shanthi Gears Limited (SHANTIGEAR) - Net Assets
Latest net assets as of September 2025: ₹4.32 Billion INR
Based on the latest financial reports, Shanthi Gears Limited (SHANTIGEAR) has net assets worth ₹4.32 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹5.26 Billion) and total liabilities (₹943.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹4.32 Billion |
| % of Total Assets | 82.07% |
| Annual Growth Rate | 9.14% |
| 5-Year Change | 69.94% |
| 10-Year Change | 41.87% |
| Growth Volatility | 13.66 |
Shanthi Gears Limited - Net Assets Trend (2005–2025)
This chart illustrates how Shanthi Gears Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shanthi Gears Limited (2005–2025)
The table below shows the annual net assets of Shanthi Gears Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹4.03 Billion | +16.70% |
| 2024-03-31 | ₹3.45 Billion | +14.21% |
| 2023-03-31 | ₹3.02 Billion | +16.31% |
| 2022-03-31 | ₹2.60 Billion | +9.63% |
| 2021-03-31 | ₹2.37 Billion | +3.72% |
| 2020-03-31 | ₹2.29 Billion | -24.32% |
| 2019-03-31 | ₹3.02 Billion | -4.94% |
| 2018-03-31 | ₹3.18 Billion | +3.74% |
| 2017-03-31 | ₹3.06 Billion | +7.84% |
| 2016-03-31 | ₹2.84 Billion | +4.92% |
| 2015-03-31 | ₹2.71 Billion | +1.63% |
| 2014-03-31 | ₹2.66 Billion | +3.42% |
| 2013-03-31 | ₹2.58 Billion | +3.93% |
| 2012-03-31 | ₹2.48 Billion | +8.13% |
| 2011-03-31 | ₹2.29 Billion | +8.71% |
| 2010-03-31 | ₹2.11 Billion | +4.23% |
| 2009-03-31 | ₹2.02 Billion | +19.20% |
| 2008-03-31 | ₹1.70 Billion | +29.02% |
| 2007-03-31 | ₹1.32 Billion | +40.24% |
| 2006-03-31 | ₹937.87 Million | +33.88% |
| 2005-03-31 | ₹700.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanthi Gears Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 193750000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹1.94 Billion | 48.08% |
| Common Stock | ₹76.70 Million | 1.90% |
| Other Comprehensive Income | ₹2.02 Billion | 50.02% |
| Total Equity | ₹4.03 Billion | 100.00% |
Shanthi Gears Limited Competitors by Market Cap
The table below lists competitors of Shanthi Gears Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
New Power Plasma Co.Ltd
KQ:144960
|
$98.94 Million |
|
PT Harum Energy Tbk
F:44H
|
$98.95 Million |
|
Vor Biopharma Inc
NASDAQ:VOR
|
$98.97 Million |
|
Mitsubishi Paper Mills Limited
F:MPX
|
$98.98 Million |
|
Integrated Wind Solutions AS
OL:IWS
|
$98.92 Million |
|
Energenesis Biomedical Co. Ltd.
TW:6657
|
$98.92 Million |
|
SCHMID Group N.V. Class A Ordinary Shares
NASDAQ:SHMD
|
$98.90 Million |
|
LuxExperience B.V.
NYSE:LUXE
|
$98.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanthi Gears Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,453,100,000 to 4,029,900,000, a change of 576,800,000 (16.7%).
- Net income of 960,300,000 contributed positively to equity growth.
- Dividend payments of 384,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹960.30 Million | +23.83% |
| Dividends Paid | ₹384.40 Million | -9.54% |
| Other Comprehensive Income | ₹200.00K | +0.0% |
| Other Changes | ₹700.00K | +0.02% |
| Total Change | ₹- | 16.70% |
Book Value vs Market Value Analysis
This analysis compares Shanthi Gears Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.45x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 51.29x to 8.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹8.65 | ₹443.75 | x |
| 2006-03-31 | ₹11.58 | ₹443.75 | x |
| 2007-03-31 | ₹16.28 | ₹443.75 | x |
| 2008-03-31 | ₹20.77 | ₹443.75 | x |
| 2009-03-31 | ₹24.75 | ₹443.75 | x |
| 2010-03-31 | ₹25.80 | ₹443.75 | x |
| 2011-03-31 | ₹28.05 | ₹443.75 | x |
| 2012-03-31 | ₹30.33 | ₹443.75 | x |
| 2013-03-31 | ₹31.52 | ₹443.75 | x |
| 2014-03-31 | ₹32.60 | ₹443.75 | x |
| 2015-03-31 | ₹33.13 | ₹443.75 | x |
| 2016-03-31 | ₹34.76 | ₹443.75 | x |
| 2017-03-31 | ₹37.49 | ₹443.75 | x |
| 2018-03-31 | ₹38.89 | ₹443.75 | x |
| 2019-03-31 | ₹36.97 | ₹443.75 | x |
| 2020-03-31 | ₹29.76 | ₹443.75 | x |
| 2021-03-31 | ₹30.91 | ₹443.75 | x |
| 2022-03-31 | ₹33.89 | ₹443.75 | x |
| 2023-03-31 | ₹39.41 | ₹443.75 | x |
| 2024-03-31 | ₹45.01 | ₹443.75 | x |
| 2025-03-31 | ₹52.54 | ₹443.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanthi Gears Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.88%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 1.25x
- Recent ROE (23.83%) is above the historical average (15.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 27.30% | 16.44% | 0.75x | 2.21x | ₹121.18 Million |
| 2006 | 29.92% | 17.29% | 0.63x | 2.73x | ₹186.79 Million |
| 2007 | 25.54% | 16.68% | 0.67x | 2.29x | ₹204.33 Million |
| 2008 | 26.02% | 18.09% | 0.77x | 1.87x | ₹271.91 Million |
| 2009 | 21.78% | 17.45% | 0.70x | 1.77x | ₹238.32 Million |
| 2010 | 7.68% | 13.33% | 0.44x | 1.31x | ₹-49.00 Million |
| 2011 | 12.16% | 17.37% | 0.56x | 1.26x | ₹49.40 Million |
| 2012 | 11.35% | 16.26% | 0.60x | 1.17x | ₹33.43 Million |
| 2013 | 6.01% | 10.62% | 0.51x | 1.12x | ₹-102.88 Million |
| 2014 | 6.90% | 12.19% | 0.50x | 1.12x | ₹-82.60 Million |
| 2015 | 3.44% | 6.13% | 0.50x | 1.13x | ₹-177.54 Million |
| 2016 | 6.42% | 11.23% | 0.51x | 1.12x | ₹-101.66 Million |
| 2017 | 7.35% | 12.50% | 0.52x | 1.13x | ₹-81.22 Million |
| 2018 | 8.99% | 13.62% | 0.58x | 1.13x | ₹-31.99 Million |
| 2019 | 11.04% | 14.01% | 0.68x | 1.17x | ₹31.42 Million |
| 2020 | 11.02% | 10.58% | 0.84x | 1.24x | ₹23.28 Million |
| 2021 | 8.51% | 9.36% | 0.66x | 1.37x | ₹-35.43 Million |
| 2022 | 16.34% | 12.87% | 0.97x | 1.31x | ₹164.74 Million |
| 2023 | 22.18% | 15.05% | 1.18x | 1.25x | ₹368.15 Million |
| 2024 | 23.82% | 15.34% | 1.21x | 1.28x | ₹477.19 Million |
| 2025 | 23.83% | 15.88% | 1.20x | 1.25x | ₹557.31 Million |
Industry Comparison
This section compares Shanthi Gears Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $13,652,920,800
- Average return on equity (ROE) among peers: 9.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanthi Gears Limited (SHANTIGEAR) | ₹4.32 Billion | 27.30% | 0.22x | $98.94 Million |
| Aaron Industries Limited (AARON) | $158.89 Million | 23.34% | 0.87x | $9.17 Million |
| Ador Welding Limited (ADORWELD) | $2.35 Billion | 7.84% | 0.61x | $74.72 Million |
| Affordable Robotic & Automation Limited (AFFORDABLE) | $1.13 Billion | 5.71% | 1.11x | $15.98K |
| AIA Engineering Limited (AIAENG) | $10.59 Billion | 17.34% | 0.50x | $1.30 Billion |
| The Anup Engineering Limited (ANUP) | $3.93 Billion | 15.77% | 0.34x | $185.19 Million |
| ATAM VALVES ORD (BSE) (ATAM) | $43.62 Million | 14.95% | 2.96x | $3.43 Million |
| Azad Engineering Limited (AZAD) | $13.93 Billion | 6.27% | 0.34x | $468.30 Million |
| Bharat Heavy Electricals Limited (BHEL) | $52.96 Billion | 12.43% | 1.30x | $4.21 Billion |
| Cummins India Limited (CUMMINSIND) | $42.83 Billion | 17.34% | 0.41x | $7.17 Billion |
| Diamond Power Infrastructure Limited (DIACABS) | $8.61 Billion | -21.42% | 2.62x | $116.63 Million |