Shanti Gold International Ltd. Share Price

Shanti Gold International Ltd Company Analysis

Shanti Gold International is a jewellery manufacturer and wholesaler focused on gold and diamond jewellery, serving organised jewellery businesses across India and selected international markets. Its competitive strengths include an integrated manufacturing setup, CAD-based design capabilities and a large catalogue of new designs. Financial performance has accelerated significantly. FY26 revenue from operations increased 82.5% YoY to ₹2,018.7 crore, EBITDA rose 121.3% to ₹199 crore and PAT increased 159.1% to ₹140.2 crore, with EBITDA margin improving to 9.86%. The momentum continued in Q1 FY27, with revenue rising 144.7% YoY to ₹716.4 crore and PAT increasing 46.9% to ₹50.5 crore. However, EBITDA grew 39% to ₹71.5 crore while EBITDA margin declined from 17.56% to 9.97%, indicating that the very strong topline growth has not translated proportionately into operating margins. The key growth drivers are higher jewellery volumes, new designs, expansion of the customer base and recently added manufacturing capacity. The company has also announced a ₹998 crore rights issue at ₹215 per share, which can provide additional capital for expansion and working capital. At the latest Groww snapshot, the company had a market capitalisation of about ₹1,974 crore, P/E of 10.59x, ROE of 23.42% and debt-to-equity of 0.36x. The main risks are gold-price volatility, working-capital requirements, relatively thin manufacturing margins, dependence on jewellery demand and execution of capacity expansion. Overall, the company is showing strong volume and earnings growth, but the sustainability of margins and returns after expansion will be important factors to monitor.

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Shanti Gold Invests ₹8.83 Crore in Ratnaveer

Shanti Gold International Limited has invested ₹8.83 crore in

as part of its investment activity. The company acquired 2,65,000 equity shares of Ratnaveer through the secondary market at a weighted average price of ₹333.33 per share, with the total consideration of ₹8,83,33,245 including brokerage. The acquisition was completed on September 26, 2026. Following the transaction, Shanti Gold holds approximately 0.37% of Ratnaveer Precision Engineering’s paid-up equity share capital. The investment is entirely in cash and the company has stated that the transaction does not constitute a related-party transaction. Ratnaveer Precision Engineering is a manufacturer and exporter of stainless steel products, serving industries including automotive, solar, pharmaceutical, railways, aerospace and construction. The company was incorporated in 2002 and its shares were listed on BSE and NSE in September 2023. Ratnaveer reported turnover of ₹1,068.74 crore in FY26, compared with ₹891.88 crore in FY25 and ₹595.38 crore in FY24. Its FY26 profit after tax stood at ₹64.31 crore. The disclosure describes the transaction as an investment by Shanti Gold rather than an acquisition of control. Investors may track how the investment fits into the company’s broader investment strategy and whether any further investments or developments involving Ratnaveer are announced. Disclosure: I do not hold any position or financial interest in the mentioned stock.

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Shanti Gold Invests₹8.83Cr inRATNAVEER PRECISION ENGINEERING

Key Update: Shanti Gold International has invested ₹8.83 crore to acquire 2.65 lakh shares of Ratnaveer Precision Engineering. Acquisition Price: ₹333.33 per share Following the acquisition, Shanti Gold International’s stake in Ratnaveer Precision Engineering stands at approximately 0.37%. Company Focus: Shanti Gold International operates in the jewellery manufacturing sector, while Ratnaveer Precision Engineering is engaged in manufacturing stainless-steel products, including precision-engineered components and pipes. Risk Factors: Jewellery demand and consumer spending Gold-price volatility Raw-material price fluctuations Execution and integration risks associated with investments Market and business risks affecting the investee company Disclaimer: This information is for educational and informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult a SEBI-registered investment professional before making investment decisions.

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SHANTI GOLD: INVESTS ₹8.83 CR IN RATNAVEER

Key Update Shanti Gold International has invested ₹8.83 crore to acquire 2.65 lakh shares of Ratnaveer Precision Engineering. Acquisition price: ₹333.33 per share. Post-acquisition, Shanti Gold International’s stake in Ratnaveer Precision Engineering will be approximately 0.37%. The investment represents a minority holding in the precision engineering company. Fundamental Snapshot The investment provides Shanti Gold with exposure to the precision engineering and stainless-steel products segment. Key factors to monitor include revenue growth, operating margins, debt levels and cash flows. Risk Factors The investment is a relatively small minority stake and may have limited influence over the investee company. Returns will depend on Ratnaveer Precision Engineering’s business and market performance. Equity investments are subject to market-price volatility. Disclaimer: This content is for educational and informational purposes only and is not investment advice. Investors should conduct their own research or consult a SEBI-registered investment professional before making investment decisions.

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Deepa Jewellers eyes 46% earnings CAGR on capacity expansion

has raised Rs 250 crore through a fresh issue in its initial public offering to fund inventory needs. The stock currently trades at Rs 194, corresponding to a Nifty level of 23,063. The company is scaling up operations by adding two new product categories, paper casting and nakshi Kundan jewellery, along with 22 new stock keeping units. It is expanding its design team from 15 to 20 members and establishing a 6,700 square foot in-house manufacturing plant in Hyderabad. This move reduces reliance on third-party karigars, providing better cost management, faster order fulfillment, and stricter quality oversight. To strengthen market reach, a new sales office was set up in Vijayawada in November 2025, with another planned for Bengaluru this fiscal year. While headline market attention often focuses solely on gold price volatility, the strategic shift toward in-house manufacturing and organized business models is the primary driver of value here. Organized B2B suppliers account for only 20% to 25% of the overall market, offering substantial room to gain market share as retail chains outsource manufacturing. The IPO proceeds have lowered the company's debt-to-equity ratio from 0.47x to 0.23x. With expected net profits of about Rs 400 crore over the next two years, internal accruals and balance sheet flexibility support business expansion. At current levels, the stock trades at 8 times FY2028 projected earnings. This reflects a 28% to 37% discount to peers such as Shanti Gold International and Shringar House of Mangalsutra, and a 60% discount to Sky Gold & Diamonds. Earnings are projected to grow at a 46% CAGR over FY26-28, presenting an attractive tactical entry opportunity. Key factors to track include the speed of capacity utilization at the Hyderabad facility and wallet share growth among existing retail chain clients, which currently contribute nearly three-fourths of revenue. The stock presents an attractive tactical buy at current valuation levels.

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