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Bearish
3
Neutral
7
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4
Bearish
4
Neutral
7
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35
Bearish
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Discovery themes featuring this stockDiscover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.
Investor Presentation
Q4 FY26
Investor Presentation
Q3 FY26
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
1,598 Cr
High Risk
10.0
46.5
0.2
2.7
274.05
155.00
Sales CAGR
Profit CAGR
ROE
ROCE
Discovery themes featuring this stock
Shanti Gold International Ltd (SHANTIGOLD) is currently trading at 225.60 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 1,598.37. 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 9.96 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 1,598.37 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 9.96. 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.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
894.35 | 2,015 Cr | 9.51 | 3.19 | 0.00 | 33.49 | 31.92 | 18.54 | ||
201.15 | 1,938 Cr | 16.78 | 2.86 | 0.00 | 17.04 | 18.43 | 12.95 | ||
219.55 | 1,598 Cr | 9.96 | 2.67 | 0.00 | 23.42 | 24.85 | 18.74 | ||
616.95 | 1,524 Cr | 17.05 | 4.77 | 0.00 | 27.98 | 29.39 | 19.18 | ||
13.29 | 1,323 Cr | 20.77 | 2.65 | 0.00 | 12.77 | 16.68 | 11.12 | ||
364.35 | 1,156 Cr | 17.88 | 2.24 | 0.00 | 12.55 | 14.07 | 9.04 | ||
224.85 | 1,126 Cr | 97.01 | 17.32 | 0.00 | 16.24 | 13.47 | 6.42 | ||
| Median: 7 Co. | — | 224.85 | 1,524 Cr | 17.05 | 2.86 | 0.00 | 17.04 | 18.43 | 12.95 |
Capacity Expansion
Shanti Gold commenced commercial production at its expanded Marol, Andheri facility on June 8, 2026, adding ~4,000 kg/year capacity with new machinery to bolster supply to domestic and international retail partners.
Capacity expansion
Shanti Gold commenced commercial production at its expanded Marol (Andheri) manufacturing facility on June 8, 2026, adding approximately 4,000 kg per annum of gold jewellery manufacturing capacity.
Capacity Expansion
Shanti Gold International commenced commercial production at its new Marol, Andheri manufacturing facility effective June 8, 2026, adding approximately 4,000 kg per annum to capacity.
Production commencement
Shanti Gold commenced commercial production at its new Marol, Andheri (East) manufacturing facility on June 8, 2026, increasing annual capacity by approximately 4,000 kg.
