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Shanthi Gears
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Shanthi Gears(SGL), the coimbatore based gear manufacturing company was promoted by P Subramanian, an entrepreneurial engineer in 1969 as a partnership concern. In July 1972 the partnership firm was converted into a private limited company and later in March 1986 it became a public limited company.
Shanthi gears, which was just the maker of gears for textile machinery when it was started is now producing gears for industries as wide as process, power steel, cement, sugar and aviation. The product range extends from gears for simple applications such as hand-driven jacks to high-tech gears for supersonic jet aircraft.
The company opened its first factory in 1972 and a decade later it expanded the product range by start manufacturing worm gearboxes. In the mid-80's, SGL took the next step and began manufacturing helical and bevel helical gears. The company has also start producing geared motors simultaneously in this period.
In 1986, it has completed the project of putting up its own foundry. The foundry caters to the needs of grey iron and spheroid graphite castings, as well as non-ferrous ones such as phosphor bronze, aluminium etc. As a part of backward integration, a forging plant was also commissioned simultaneously. The company is getting 50% of its business from executing special orders i.e custom made gears.
In Mar.'92, SGL came out with a rights issue to part-finance the expansion-cum-modernisation of its plants. Apart from this, the company made a preferential issue of 3.4 lac equity shares (premium : Rs 160) to banks and mutual funds in Sep.'94.
Shanthi gears has a wholly-owned subsidiary 'Shanthi Sales', which looks after its entire marketing. During the 2004-05, Shanthi Sales Ltd ceased to be the subsidiary company consequent to the divestment of entire shares held by the company. The group companies of Shanthi gears are Shanthi Clothsline, a woven and Knitted garment manufacturing company; Shanthi Constructions, a infrastructure construction company; Shanthi Precision Industries Ltd (SPL), (Formerly Loyal Engineering - takeover by Shanthi group in 1998) and SPL was merged with the company with effect from 1st July 2003 in the exchange ratio of 1:5.
In August 2004 the company sub-divided its equity share face value from Rs.10/- to Re.1/-. Further the company has issued bonus equity shares for its shareholders in the ratio of 1:1.
In 2006, The company have state-of-the-art production machines/quality Control Facilities worth Rs.44.19 Crores have been added during the FY 2005-2006 along with our existing battery of Machines. Further, orders for Machineries worth Rs.37.47 Crores are yet to be executed by the respective suppliers.
Shanthi Gears share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Shanthi Gears indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Shanthi Gears is valued compared to its competitors.
Shanthi Gears PE ratio helps investors understand what is the market value of each stock compared to Shanthi Gears 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Shanthi Gears evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Shanthi Gears generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Shanthi Gears in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Shanthi Gears shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Shanthi Gears compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Shanthi Gears over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Shanthi Gears helps investors get an insight into when they can enter or exit the stock. Key components of Shanthi Gears Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Shanthi Gears shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Shanthi Gears ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Shanthi Gears provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Shanthi Gears highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Shanthi Gears .
The balance sheet presents a snapshot of Shanthi Gears ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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