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Investor Presentation
Q4 FY26
Investor Presentation
Q3 FY26
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Shanti Gold International Ltd (SHANTIGOLD) is currently trading at 226.25 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Shanti Gold International Limited is a vertically integrated manufacturer and designer of 22kt CZ casting gold jewellery, supplying national and global retailers with a portfolio including bangles, rings, necklaces, and complete sets via B2B manufacturing and job-work relationships, with in-house CAD design and hallmarking capabilities supporting wholesale and export customers. The company delivered a strong operational step-change in Q3 FY26 with revenue of INR636.9 crore (+110% YoY) and 9M FY26 revenue of INR1,359.8 crore (+68% YoY), driven by volume growth to 535 kg in Q3 and 1,285 kg in 9M, improving EBITDA and PAT substantially and prompting a CARE credit upgrade to CARE A-minus (stable). Shanti Gold is executing an aggressive capacity build-out to grow installed production from 2,700 kg to 7,900 kg pa, funded by IPO proceeds and debt, with Mumbai capacity expected online by May 2026 and Jaipur by July 2026; management expects this to enable 60–70% annual growth and increased wallet share with marquee clients like Joyalukkas and Kalyan. Strategic product moves include entry into machine-made plain gold jewellery and Mangalsutra categories to address mass-market churn and affordability-led demand; management expects a blended sustainable PAT margin around 4% after incorporating lower-margin high-churn plain gold volumes, while short-term margins may show volatility due to hedging and inventory gains. Export focus is increasing: current exports at ~2–4% are targeted to rise to c.10% with a Dubai office planned by May 2026, indicating Shanti Gold’s intention to diversify revenue geographically and capture demand in UAE, Singapore, Qatar and Southeast Asia backed by participation in global trade exhibitions and secured LOIs for new product lines.
Over the past 52 weeks, Shanti Gold International Ltd has traded between a low of ₹155.00 and a high of ₹274.05. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Shanti Gold International Ltd has a market capitalization of approximately 1,652.08. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Shanti Gold International Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 10.29 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 1,652.08 Cr, Shanti Gold International Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Shanti Gold International Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Shanti Gold International Ltd is 10.29. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Bearish
4
Neutral
7
Bullish
3
Bearish
5
Neutral
11
Bullish
30
Bearish
1
Neutral
4
Bullish
27
Audited Financial Results
Shanti Gold International published audited financial results for the quarter and year ended March 31, 2026 (Board approved May 21, 2026); results advertised in Financial Express and Mumbai Lakshadeep on May 23, 2026 and posted on the company website.
Audited Results Publication
Shanti Gold International published audited financial results for the quarter and year ended Mar 31, 2026 (Board approved May 21, 2026); ads ran in The Financial Express and Mumbai Lakshadeep on May 23, 2026 and full results are on the company website.
Earnings Release
Shanti Gold reported Q4 FY26 revenue of Rs 658.93 Cr (+121.7% YoY), EBITDA Rs 67.01 Cr (+217.3%), PAT Rs 51.93 Cr (+465.3%); FY26 revenue Rs 2,018.71 Cr, EBITDA Rs 199.00 Cr, PAT Rs 140.15 Cr; volumes +25% YoY.
Audited Financial Results
Shanti Gold reported Q4 FY26 revenue of Rs. 658.93cr (+121.7% YoY) and PAT of Rs. 51.93cr (+465.3% YoY); FY26 revenue Rs. 2,018.71cr (+82.5%) and PAT Rs. 140.15cr (+159.1%), driven by volume growth and higher margins.
Earnings Presentation
Shanti Gold filed an investor presentation under Regulation 30 (LODR) for Q4 & FY26 earnings and scheduled an earnings call on May 22, 2026; the presentation is uploaded on the company website.
Accounting policy change
Shanti Gold International restated unaudited financial results for Q1–Q3 FY2025‑26 due to a retrospective change in inventory valuation from FIFO to Weighted Average Cost (effective Apr 1, 2024); limited review issued on May 21, 2026.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
966.00 | 2,203 Cr | 10.40 | 3.48 | 0.00 | 33.49 | 31.92 | 18.54 | ||
214.20 | 2,057 Cr | 21.27 | 3.37 | 0.00 | 13.00 | 14.37 | 11.41 | ||
228.30 | 1,652 Cr | 10.29 | 2.76 | 0.00 | 23.42 | 24.85 | 18.74 | ||
633.95 | 1,567 Cr | 17.53 | 5.83 | 0.16 | 27.98 | 29.39 | 19.18 | ||
402.10 | 1,291 Cr | 19.96 | 2.69 | 0.00 | 12.55 | 14.07 | 9.04 | ||
11.88 | 1,190 Cr | 18.68 | 2.52 | 0.00 | 12.77 | 16.68 | 11.12 | ||
229.35 | 1,149 Cr | 98.96 | 17.67 | 0.00 | 16.24 | 13.47 | 6.42 | ||
| Median: 7 Co. | — | 229.35 | 1,567 Cr | 18.68 | 3.37 | 0.00 | 16.24 | 16.68 | 11.41 |
Shanti Gold International Limited is a vertically integrated manufacturer and designer of 22kt CZ casting gold jewellery, supplying national and global retailers with a portfolio including bangles, rings, necklaces, and complete sets via B2B manufacturing and job-work relationships, with in-house CAD design and hallmarking capabilities supporting wholesale and export customers.
The company delivered a strong operational step-change in Q3 FY26 with revenue of INR636.9 crore (+110% YoY) and 9M FY26 revenue of INR1,359.8 crore (+68% YoY), driven by volume growth to 535 kg in Q3 and 1,285 kg in 9M, improving EBITDA and PAT substantially and prompting a CARE credit upgrade to CARE A-minus (stable).
Shanti Gold is executing an aggressive capacity build-out to grow installed production from 2,700 kg to 7,900 kg pa, funded by IPO proceeds and debt, with Mumbai capacity expected online by May 2026 and Jaipur by July 2026; management expects this to enable 60–70% annual growth and increased wallet share with marquee clients like Joyalukkas and Kalyan.
Strategic product moves include entry into machine-made plain gold jewellery and Mangalsutra categories to address mass-market churn and affordability-led demand; management expects a blended sustainable PAT margin around 4% after incorporating lower-margin high-churn plain gold volumes, while short-term margins may show volatility due to hedging and inventory gains.
Export focus is increasing: current exports at ~2–4% are targeted to rise to c.10% with a Dubai office planned by May 2026, indicating Shanti Gold’s intention to diversify revenue geographically and capture demand in UAE, Singapore, Qatar and Southeast Asia backed by participation in global trade exhibitions and secured LOIs for new product lines.
Consumer Durables
Gems, Jewellery And Watches
1,631 Cr
High Risk
10.2
48.0
0.1
2.8
274.05
155.00
Sales CAGR
Profit CAGR
ROE
ROCE
