Shanthi Gears – Buy For Medium And Long Term Holding

Gear technology

Quality gears from Shanthi Gears

Quality gears from Shanthi Gears
Quality gears from Shanthi Gears | Source
Shanthi Gears - share price movement
Shanthi Gears - share price movement | Source

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Shanthi Gears - stock market position at NSE

Quantity Traded
Deliverable Quantity (gross across client level)
% of Deliverable Quantity to Traded Quantity
34585
27174
78.57

Shanthi Gears - Latest financial results

(in Cr.)
Dec-11
Sep-11
FY10-11
Revenue
42.9
42.69
164.69
Net Profit
5.85
7.12
27.86
EPS
0.72
0.87
3.41
Cash EPS
1.55
1.69
6.69
OPM %
36.16
40.45
43.4
NPM %
13.64
16.68
16.92

Shanthi Gears - share price movement

 
 
 
Weekly H/L
39.45
36.95
Monthly H/L
43.95
36.95
52 Weeks H/L
47.4
30.6
 
( 27 Jul 11 )
( 20 Dec 11 )
Delivery / Var+ELM %
62.39
30.98
Shanthi Gears - share price movement

Shanthi Gears – Buy For Medium And Long Term Holding

A markerShanthi Gears -
Shanthi gears Rd, Coimbatore, Tamil Nadu 641005, India
[get directions]

Shanthi Gears – Buy For Medium And Long Term Holding

Net Profit Declines


Net Profit Declines

Shanthi Gears has produced an average result for the third quarter ended 31.12.11 as compared to the previous quarter. Revenue was more or less the same at Rs.42.90 crore. Revenue for the full year 2010-11 was at Rs.164.69 crore. Net profit declined from Rs.7.12 crore to Rs.5.85 crore. Net profit for the year 2010-11 was at Rs.27.86 crore. Annualised EPS works out to Rs.2.88 as against Rs.3.41 for the year. Annualised cash EPS works out to Rs.6.20 against Rs.6.69 for the whole year. Operating profit margin declined from 40.45% to 36.16%. Net profit margin declined from 16.68% to 13.64%.

New CEO

Shanthi Gears is engaged in the manufacturing of auto parts and equipments. The shares of Shanthi Gears are traded in the Indian stock markets at Rs.37.05 now (BSE 23.03.12). The shares of Shanthi Gears are listed in both BSE and NSE. The highest and the lowest price recorded by the shares of Shanthi Gears in the last one year are Rs.47 and Rs.30 respectively. The face value of the company’s shares is Rs.1. V C S Velumani has been appointed the CEO of the company. He worked as the Executive Director of Winergy Drive Systems India P Ltd earlier which is now part of Siemens group.

Interest In The Counter Tapered Off

When the company’s net sales jumped by 25% in the first quarter of the current financial year, the share price of Shanthi Gears jumped to its yearly high. The volume of the shares was also high. Nearly 3.5 lakh to 4 lakh shares were traded in the BSE and NSE. But subsequently the interest in the counter tapered off. At the current price of Rs.37, one can buy the shares of Shanthi Gears for medium and long term holding for decent gains.

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