Shanthi Gears Limited (SHANTIGEAR) Fair Value & Analysis
Industrials · IN · Market cap ₹35.7B (≈ $378M) · ISIN INE631A01022
What is Shanthi Gears Limited really worth?
A solid business, but trading 401% above our fair value of ₹123.61.
As of Aug 24, 2026, the fair value of Shanthi Gears Limited is ₹123.61 per share against a price of ₹619.10, so the fair value sits 80% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 24, 2026
From 24 valuation models · updated 13 days ago
Share price +48.9% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹214.92). The favourable scenario is already priced in.
- The model range is unusually wide (₹72.83 to ₹214.92). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.
How to read this chart
60‑month range ₹127.39 – ₹670.61 · fair‑value band ₹72.83 – ₹214.92 · the ₹619.10 price screens above the ₹123.61 fair value. Dashed = 300-day average. As of Aug 24, 2026.
Analysis
Shanthi Gears Limited (SHANTIGEAR) currently trades at ₹619.10, while our model-based Fair Value estimate is ₹123.61, implying the stock looks roughly 400.8% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ₹193.70 per share, and 0 of the 24 models we run sit above the ₹619.10 price. Bear case: the Asset-Based group reads lowest at ₹38.43, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Shanthi Gears Limited generated revenue of ₹5.0B at a net margin of 12.8%. Revenue declined 14.4% year over year. It earns a return on equity of 18.2%. The stock trades on a trailing P/E of 74.3. Fundamentals as of Aug 24, 2026
Our scenario range runs from ₹72.83 (bear case) to ₹214.92 (bull case); at ₹619.10, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −80%, SHANTIGEAR screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹3.63 per share, which is 3.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (₹193.70) versus Asset-Based (₹38.43). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 69
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Shanthi Gears Limited engages in the design, manufacture, supply, and service of 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.
Full company description
Shanthi Gears Limited engages in the design, manufacture, supply, and service of 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 copper alloy castings. In addition, the company provides installation support, refurbishment, and on-site services. Its products are used in steel, cement, sugar, crane and material handling, power, paper, rubber and plastics, off-highway and mining, process, compressor, railway, textile, and aerospace applications. The company was founded in 1960 and is based in Coimbatore, India. Shanthi Gears Limited operates as a subsidiary of Tube Investments of India Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Shanthi Gears Limited reported revenue of ₹5.1B in FY2026 versus ₹3.3B in FY2022, a compound +11.7%/yr. Reported net income was ₹767M in FY2026, compounding +15.9%/yr from FY2022.
SHANTIGEAR screens 401% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 792 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc GEV | $941.84 | $131.95 | −86% |
| SIE SIE | €289.85 | €139.77 | −52% |
| Eaton Corporation ETN | $402.78 | $168.65 | −58% |
| Parker-Hannifin Corporation PH | $995.02 | $398.69 | −60% |
| Atlas Copco AB ATCOA | kr 206.60 | kr 112.59 | −46% |
| Cummins Inc CMI | $564.40 | $348.94 | −38% |
| Illinois Tool Works Inc ITW | $270.12 | $145.84 | −46% |
| Emerson Electric Co EMR | $155.18 | $58.44 | −62% |
| AMETEK, Inc AME | $236.25 | $125.80 | −47% |
| Rockwell Automation, Inc ROK | $417.53 | $125.76 | −70% |
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