Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Shanthi Gears Limited announces financial results for period ended March 31, 2020

Posted On: 2020-05-26 19:01:45

The Board of Directors of Shanthi Gears Limited (SGL) a subsidiary of Tube Investments of India Limited (TII), met today and approved the financial results for the quarter and year ended 31st March 2020.


The Company continues to focus on 4 key priorities of Revenue growth, Profitability, ROCE and Free Cash Flow (FCF). SGL delivered strong performance on all these 4 priorities:

- Revenue of Rs. 41.6 Crores in the quarter with a 31% degrowth over Q4 of previous year. Revenue of Rs. 242.3 Crores in the financial year with a 0.3% growth of over previous year.

- The Profit before tax % to Sales was 1% for Q4 and 13% for the financial year ended Mar-20. The Profit before tax for the year ended Mar-20 was down by 23% to Rs. 32.7 Crores against the previous year.

- Profitability and lower capital employed enabled the Return on average Capital Employed (ROCE) to 19% from 21% of the previous year.

- The Company generated cumulative operating free cash flow of Rs. 62 Crores during the year. Cumulative Free cash flow to PAT is 254%

During the quarter the Company booked orders for Rs. 70 Crores (against Rs. 72 Crores for corresponding quarter of the previous year). During the year the Company had booked orders for Rs. 254 Crores (against Rs. 288 Crores for the previous year). This is on account of sluggish demand from almost all major user industries due to continued industrial slow down and lockdown on account of COVID-19.

Pending orderbook as on 31st March 2020 was Rs. 155 Crores against Rs. 168 Crores in the previous year. The Company made good strides in the service and replacement market. The outbreak of COVID-19 pandemic and the resulting lockdown enforced from 23rd March 2020 has affected the Company's regular operations. Accordingly, the Company has considered the possible effects that may result from the pandemic on the carrying amounts of property, plant and equipment, investments, inventories, receivables and other current assets. In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of this pandemic, the Company, as at the date of approval of these financial results has used internal and external information which are relevant in determining the expected future performance of the Company. The Company has evaluated its liquidity position, recoverability of such assets and based on current estimates expects the carrying amount of these assets will be recovered. The impact of COVID-19 on the Company's financial results may differ from that estimated as at the date of approval of these financial results.

Shares of SHANTHI GEARS LTD. was last trading in BSE at Rs.78.9 as compared to the previous close of Rs. 79.9. The total number of shares traded during the day was 5774 in over 129 trades.

The stock hit an intraday high of Rs. 82.4 and intraday low of 78.2. The net turnover during the day was Rs. 468021.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

ICICI Prudential Life Insurance Company Ltd board to approve 1st quarter FY21 results on July 21, 2020

Sharika Enterprises Ltd bags order from BHEL

Swelect Energy Systems Limited board recommends final dividend of Rs. 0.75

SpiceJet facilitates insurance of passengers for COVID-19 hospitalisation starting at Rs. 443/-

Shoppers Stop Limited opens new store at Phoenix Palassio - Lucknow

PI Industries Ltd closes QIP, fixes price as Rs. 1470

YES Bank has sold 2.66% stake in CG Power & Industrial Solutions Limited

NMDC's excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

The Phoenix Mills Ltd. opens doors of its grand palatial shopping mall, Phoenix Palassio, in Lucknow

Swelect Energy Systems Ltd Q4 consolidated loss at Rs. 14.87 crore

Automotive Stampings and Assemblies Ltd reports loss in Q4 FY2020

SKY Industries Ltd posts loss of Rs. 0.63 crore in Q4 FY2020

SKY Industries Ltd board recommends final dividend of Rs. 0.50 for FY20

IndiGo repatriated 39 Indian nationals from Columbia, in coordination with Qatar Airways

Kokuyo Camlin Ltd Q4 FY20 loss at Rs. 0.34 crore

Muthoot Finance launches Loan@Home service

Mphasis named one of the UK's Top 50 fastest-growing Indian companies

NCC receives 5 new orders totalin Rs. 1396 crore in June 2020

Nestlé India reaches out to Youth-launches 1000 'Nesternship' opportunities for young professionals

Bharat Forge launches Health Risk Monitoring System (HRMS) - An AI platform enabling Safe return to Workplace

Heritage Foods Ltd board to consider Q1FY21 results on July 29, 2020

Intellect Digital Core (IDC) ranked world #1 by IBS Intelligence Annual Sales League Table 2020

Ambuja Cements Ltd board to consider 2nd quarter results on July 24, 2020

RBL Bank revamps 'RBL MyCard' credit card app

Thomas Cook India sees opportunity in demand for mini-breaks Introduces City Escapes

TCS Launches Quartz™ Smart Solution to Help Financial Institutions Offer Cryptocurrency Trading

Tactical Air Support selects Ramco Aviation Suite

Karur Vysya Bank and Bajaj Allianz Life Insurance announce strategic partnership

Tractor market to report strong growth in Q2 FY21 - Pritika Auto Industries Ltd

LTI Launches Canvas, a Modern Software Engineering Platform for Remote & Hybrid Workforce of Future

ITC facilitates creation of livelihood opportunities in the rural sector during the pandemic

ABB launches anti-bacterial switches and sockets to keep surroundings safe

Steel Strips Wheels Ltd receives $140K alloy wheels order from EU market

Nucleus FinnOne Neo recognized as the #1 Market Leader in Lending by IBS Intelligence

Lupin Pharmaceuticals, Inc. Issues Voluntarily Nationwide Recall of Metformin Hydrochloride Extended-Release Tablets, 500mg and 1000mg due to the detection of NDMA impurity

ICRA reaffirms long term rating of Puravankara Ltd

YES Bank Ltd board approves fund raising through FPO

GMR Infrastructure Ltd. announces the Completion of Strategic Partnership transaction with Groupe ADP for Airports Business

Infosys Ltd board to announce Q1FY21 results on July 15, 2020

Shree Renuka Sugars Ltd Q4 consolidated loss at Rs. 146 crore

ZIM announces submission of marketing authorization application for Rizatriptan orally dissolving film in Europe

KG Petrochem Ltd Q4 FY20 net profit jumps to Rs. 10.64 crore

Airtel launches NEW Prepaid Packs with Premium Content from ZEE5

Birlasoft partners with Innoveo to Fast-track the Journey to Digital Excellence

PPAP Automotive Limited receives award from Toyota Kirloskar Motor Pvt Ltd

Indian Acrylics Ltd Q4 FY20 PAT at Rs. 3.45 crore

India Infrastructure Trust board Declares total distribution of Rs. 4.4497

Best Agrolife Ltd Board approves final dividend of Rs. 0.10 for FY2020

A Infrastructure Ltd Board approves Dividend of Rs. 0.10 for FY20

Unichem Laboratories Limited receives ANDA approval for its Cyclobenzaprine Hydrochloride Tablets

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019