Shanthi Gears Limited (SHANTIGEAR) - Net Assets

Latest as of September 2025: Rs4.32 Billion INR ≈ $46.68 Million USD

Based on the latest financial reports, Shanthi Gears Limited (SHANTIGEAR) has net assets worth Rs4.32 Billion INR (≈ $46.68 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.26 Billion ≈ $56.88 Million USD) and total liabilities (Rs943.00 Million ≈ $10.20 Million USD). 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. Check SHANTIGEAR asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs4.32 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. Also explore Shanthi Gears Limited assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Shanthi Gears Limited market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs4.03 Billion ≈ $43.58 Million	+16.70%
2024-03-31	Rs3.45 Billion ≈ $37.34 Million	+14.21%
2023-03-31	Rs3.02 Billion ≈ $32.70 Million	+16.31%
2022-03-31	Rs2.60 Billion ≈ $28.11 Million	+9.63%
2021-03-31	Rs2.37 Billion ≈ $25.64 Million	+3.72%
2020-03-31	Rs2.29 Billion ≈ $24.72 Million	-24.32%
2019-03-31	Rs3.02 Billion ≈ $32.67 Million	-4.94%
2018-03-31	Rs3.18 Billion ≈ $34.37 Million	+3.74%
2017-03-31	Rs3.06 Billion ≈ $33.13 Million	+7.84%
2016-03-31	Rs2.84 Billion ≈ $30.72 Million	+4.92%
2015-03-31	Rs2.71 Billion ≈ $29.28 Million	+1.63%
2014-03-31	Rs2.66 Billion ≈ $28.81 Million	+3.42%
2013-03-31	Rs2.58 Billion ≈ $27.86 Million	+3.93%
2012-03-31	Rs2.48 Billion ≈ $26.80 Million	+8.13%
2011-03-31	Rs2.29 Billion ≈ $24.79 Million	+8.71%
2010-03-31	Rs2.11 Billion ≈ $22.80 Million	+4.23%
2009-03-31	Rs2.02 Billion ≈ $21.88 Million	+19.20%
2008-03-31	Rs1.70 Billion ≈ $18.35 Million	+29.02%
2007-03-31	Rs1.32 Billion ≈ $14.22 Million	+40.24%
2006-03-31	Rs937.87 Million ≈ $10.14 Million	+33.88%
2005-03-31	Rs700.52 Million ≈ $7.58 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	Rs1.94 Billion	48.08%
Common Stock	Rs76.70 Million	1.90%
Other Comprehensive Income	Rs2.02 Billion	50.02%
Total Equity	Rs4.03 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
Wuhu Conch Profiles and Science Co Ltd SHE:000619	$398.96 Million
Ranger Energy Services Inc NYSE:RNGR	$399.04 Million
WinMate Communication INC TW:3416	$399.11 Million
Molinos Rio de la Plata SA BA:MOLI	$399.13 Million
Burstone Group Limited JSE:BTN	$398.89 Million
Optiemus Infracom Limited NSE:OPTIEMUS	$398.81 Million
Beijing YJK Building Software Co.Ltd. SHE:300935	$398.79 Million
AVI Japan Opportunity Trust PLC LSE:AJOT	$398.77 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	Rs960.30 Million	+23.83%
Dividends Paid	Rs384.40 Million	-9.54%
Other Comprehensive Income	Rs200.00K	+0.0%
Other Changes	Rs700.00K	+0.02%
Total Change	Rs-	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: 9.15x
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 55.58x to 9.15x 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	Rs8.65	Rs480.85	x
2006-03-31	Rs11.58	Rs480.85	x
2007-03-31	Rs16.28	Rs480.85	x
2008-03-31	Rs20.77	Rs480.85	x
2009-03-31	Rs24.75	Rs480.85	x
2010-03-31	Rs25.80	Rs480.85	x
2011-03-31	Rs28.05	Rs480.85	x
2012-03-31	Rs30.33	Rs480.85	x
2013-03-31	Rs31.52	Rs480.85	x
2014-03-31	Rs32.60	Rs480.85	x
2015-03-31	Rs33.13	Rs480.85	x
2016-03-31	Rs34.76	Rs480.85	x
2017-03-31	Rs37.49	Rs480.85	x
2018-03-31	Rs38.89	Rs480.85	x
2019-03-31	Rs36.97	Rs480.85	x
2020-03-31	Rs29.76	Rs480.85	x
2021-03-31	Rs30.91	Rs480.85	x
2022-03-31	Rs33.89	Rs480.85	x
2023-03-31	Rs39.41	Rs480.85	x
2024-03-31	Rs45.01	Rs480.85	x
2025-03-31	Rs52.54	Rs480.85	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	Rs121.18 Million
2006	29.92%	17.29%	0.63x	2.73x	Rs186.79 Million
2007	25.54%	16.68%	0.67x	2.29x	Rs204.33 Million
2008	26.02%	18.09%	0.77x	1.87x	Rs271.91 Million
2009	21.78%	17.45%	0.70x	1.77x	Rs238.32 Million
2010	7.68%	13.33%	0.44x	1.31x	Rs-49.00 Million
2011	12.16%	17.37%	0.56x	1.26x	Rs49.40 Million
2012	11.35%	16.26%	0.60x	1.17x	Rs33.43 Million
2013	6.01%	10.62%	0.51x	1.12x	Rs-102.88 Million
2014	6.90%	12.19%	0.50x	1.12x	Rs-82.60 Million
2015	3.44%	6.13%	0.50x	1.13x	Rs-177.54 Million
2016	6.42%	11.23%	0.51x	1.12x	Rs-101.66 Million
2017	7.35%	12.50%	0.52x	1.13x	Rs-81.22 Million
2018	8.99%	13.62%	0.58x	1.13x	Rs-31.99 Million
2019	11.04%	14.01%	0.68x	1.17x	Rs31.42 Million
2020	11.02%	10.58%	0.84x	1.24x	Rs23.28 Million
2021	8.51%	9.36%	0.66x	1.37x	Rs-35.43 Million
2022	16.34%	12.87%	0.97x	1.31x	Rs164.74 Million
2023	22.18%	15.05%	1.18x	1.25x	Rs368.15 Million
2024	23.82%	15.34%	1.21x	1.28x	Rs477.19 Million
2025	23.83%	15.88%	1.20x	1.25x	Rs557.31 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: $37,677,440,843
Average return on equity (ROE) among peers: 17.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanthi Gears Limited (SHANTIGEAR)	Rs4.32 Billion	27.30%	0.22x	$398.94 Million
Aaron Industries Limited (AARON)	$550.00K	66.55%	18.36x	$31.35 Million
Ador Welding Limited (ADORWELD)	$1.47 Billion	17.36%	0.26x	$184.52 Million
The Anup Engineering Limited (ANUP)	$3.37 Billion	15.88%	0.28x	$446.74 Million
ATAM VALVES ORD (BSE) (ATAM)	$37.09 Million	13.75%	4.00x	$8.50 Million
Azad Engineering Limited (AZAD)	$1.20 Billion	24.55%	2.37x	$1.51 Billion
Bharat Heavy Electricals Limited (BHEL)	$323.31 Billion	1.36%	0.97x	$13.27 Billion
Cummins India Limited (CUMMINSIND)	$51.45 Billion	18.15%	0.38x	$15.79 Billion
Diamond Power Infrastructure Limited (DIACABS)	$-6.22 Billion	0.00%	0.00x	$899.30 Million
Diffusion Engineers Ltd (DIFFNKG)	$1.91 Billion	16.05%	0.44x	$120.60 Million
Ducon Infratechnologies Limited (DUCON)	$236.88 Million	0.26%	0.31x	$11.42 Million

About Shanthi Gears Limited

NSE:SHANTIGEAR India Specialty Industrial Machinery

Market Cap

$398.94 Million

Rs36.89 Billion INR

Market Cap Rank

#13697 Global

#650 in India

Share Price

Rs480.85

Change (1 day)

+0.81%

52-Week Range

Rs407.20 - Rs602.95

All Time High

Rs682.98