SHANTIGOLDConsumer Discretionary

Shanti Gold International Limited

Gems, Jewellery And Watches · ISIN INE06ZD01017 · BSE 544459 · NSE EQ · FV ₹10
Last price
₹242
-0.62%today
What this company does

Shanti Gold International Limited operates in Gems, Jewellery And Watches, part of the Consumer Discretionary sector. It booked ₹716 cr of revenue in its latest quarter (Q1 FY27) and kept 7.0% of sales as profit.

75out of 100
Equitytale Health Score
Solid

Healthier than 75% of companies in Consumer Discretionary, on the 4 of 6 measures we could read for it. Each measure is ranked against the 326–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns61

How much profit it earns on the money it employs

Balance sheet74

How much it owes, and whether earnings cover the interest

Valuation84

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 70%
No promoter shares pledged
Watch-outs
! Thin 7.0% net margin

What if I invest in SHANTIGOLD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹242 -0.62%
latest close · 2026-09-17
52-wk low ₹20442 sessions so far52-wk high ₹281
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio8.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Net margin7.0%Decent
ThinDecentStrong
EBITDA margin10.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Interest cover12.5×Strong
RiskyOkayStrong ▸5×
More figures
Market cap
₹1,748 cr
Book value
EPS
₹7.00
latest quarter
Net debt
Enterprise value
EBITDA
₹293 cr
annualised
EBIT
₹284 cr
annualised
Operating margin
9.9%
Return on assets
Earnings yield
11.55%
P/S
0.61
Sales / share
₹397.5
Tax rate
22.6%
Face value
₹10
Shares
7.2 cr
Working capital
Current assets
Current liabilities
Delivery %
40.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹716 cr
Other Income₹2 cr
Total Income₹718 cr
Cost of Materials₹625 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹13 cr
Employee Benefit Expense₹2 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹4 cr
Total Expenses₹653 cr
Profit before Tax₹65 cr
Tax Expense₹15 cr
Net Profit₹50 cr
Net margin on total income7.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹638 cr88.9%
Employee benefit expense₹2 cr0.3%
Finance costs₹6 cr0.8%
Depreciation & amortisation₹2 cr0.3%
Other expenses₹4 cr0.6%
Tax expense₹15 cr2.1%
Profit for the period₹50 cr7.0%
Total income ₹718 cradds up to ₹100 ✓
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,841₹4.30 L cr60.4
Kalyan Jewellers India Limited₹581₹60,049 cr43.0
Thangamayil Jewellery Limited₹4,811₹14,953 cr43.9
Lalithaa Jewellery Mart Limited₹290₹14,519 cr17.5
BlueStone Jewellery and Lifestyle Limited₹831₹12,667 cr451.7
SKY GOLD AND DIAMONDS LIMITED₹793₹12,286 cr29.7
PC Jeweller Limited₹12₹11,992 cr13.4
P N Gadgil Jewellers Limited₹601₹8,158 cr19.4
Ethos Limited₹2,651₹7,093 cr63.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Rights issue295:196 Aug 2026
Who owns it · 2026-08-24
No pledge
Promoter
70.3%
FII / Foreign
4.6%
DII / Domestic
1.8%
Retail / others
23.2%
Promoter stake down 4.5% over the last 6 quarters.
Smart-money activity
Bulk / block deals
BoughtHRTI PRIVATE LIMITED · NSE3.84 L @ ₹270.577 Sep 26
SoldHRTI PRIVATE LIMITED · NSE2.36 L @ ₹269.987 Sep 26
BoughtQE SECURITIES LLP · NSE4.48 L @ ₹248.4427 Aug 26
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 31 named members
owning 70.4% between them · as of 2026-08-24
Manojkumar N Jain35.17%
Pankajkumar Hastimal Jagawat35.17%
Krish Pankaj Jagawat0.01%
Shashank Bhawarlal Jagawat0.01%
Vansh Manojkumar Jain0.01%
Bhawarlal Hastimal Jagawatno shares
Dhakubai Hastimal Jagawat Foundationno shares
Ganesh Goldno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹360 cr raised in Aug 2025 by selling shares to the public

As of Jun 2026, the company says it has spent 88% of what it set aside, leaving ₹38 cr still to be spent. Acuite Ratings & Research Limited watches the spending on the exchange’s behalf.

Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility
16%
₹7 cr of ₹46 cr
Funding working capital requirements of our Company
spent more than set aside
101%
₹201 cr of ₹200 cr
Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company
100%
₹17 cr of ₹17 cr
General corporate purposes
100%
₹46 cr of ₹46 cr
Spent by quarter: 85%85%86%88% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.