Shanti Guru Industries Ltd (534708)
🎯 Key Takeaways
- Shanti Guru Industries Ltd appears to be in a dormant or non-operational phase, with no revenue or profitability in recent periods and a history of financial volatility. The company has not generated meaningful income since at least 2012, and current metrics suggest minimal business activity.
- ⚠️ 1) Persistent revenue collapse with no signs of recovery or new business development. 2) Complete absence of operational transparency or management co
📖 The Story
Shanti Guru Industries Ltd appears to be in a dormant or non-operational phase, with no revenue or profitability in recent periods and a history of financial volatility. The company has not generated meaningful income since at least 2012, and current metrics suggest minimal business activity. Its current narrative is one of stagnation rather than growth or turnaround.
📰 What's Happening
There are no recent operational developments or strategic initiatives disclosed in the filings. Management has not announced any new orders, expansions, or business pivots. The company has not filed any material change notifications or project updates in the available data. Shareholding changes reflect retail investor churn rather than institutional confidence.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2012 | Sep 2013 | Sep 2022 |
|---|---|---|---|
| Revenue | 0 | 10 | 0 |
| Operating Profit | -0 | 0 | -0 |
| OPM % | -166.7% | 1.3% | — |
| Net Profit | -0 | 0 | -0 |
| EPS | ₹-0.20 | ₹0.00 | ₹-0.07 |
Revenue has declined from ₹10 crore in 2012 to ₹0 in the most recent quarter, with operating losses persisting despite temporary EPS fluctuations. The company has not demonstrated any path to profitability, and the financial trajectory shows a complete absence of revenue generation and cost control. There is no evidence of operational restructuring or cost optimization efforts.
🔮 Management Outlook & What's Next
No forward guidance or future outlook was disclosed in the available filings. Management has not provided any commentary on business revival, revenue targets, or timelines for resumption of operations. The absence of strategic commentary suggests either a lack of clarity or deliberate silence on future plans.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2013 | Mar 2014 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 7 | 12 | 12 | 12 | 12 |
| Reserves | -0 | 0 | 1 | 1 | 13 |
| Borrowings | 0 | 1 | 0 | 0 | 0 |
| Total Liabilities | 10 | 18 | 15 | 14 | 28 |
| Fixed Assets | 0 | 0 | 2 | 1 | 1 |
| Investments | 0 | 1 | 7 | 7 | 17 |
| Total Assets | 10 | 18 | 15 | 14 | 28 |
The balance sheet shows stable equity and reserves with no debt, indicating a conservative capital structure but also minimal reinvestment. Total assets have fluctuated significantly, from ₹14 crore to ₹28 crore, but without corresponding revenue growth, suggesting possible revaluation or non-operational asset movements. There is no evidence of active capital deployment.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -0 |
| Investing | -0 |
| Financing | +0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q3FY25 | Q4FY25 | Q2FY26 | Q4FY26 |
|---|---|---|---|---|
| Promoters | 28.0% | 28.0% | 29.4% | 33.0% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 62.3% | 60.6% | 61.1% | 57.0% |
| # Shareholders | 863 | 799 | 773 | 720 |
Promoter holding has declined from 28.02% to 33.01% over time, but FII and DII holdings remain negligible at 0%, indicating no institutional interest. The growing number of retail shareholders (720 to 863) suggests fragmented ownership without conviction. There are no signs of activist accumulation or strategic stakebuilding.
⚖️ Peer Comparison — Retail
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| DMART | 2.49 L Cr | 81.4 | 17.2% | 12.5% | 0.04 |
| TRENT | 1.54 L Cr | 62.6 | 33.9% | 26.0% | 0.07 |
| VMM | 50,622 | 56.7 | 21.4% | 13.9% | 0.00 |
| CARTRADE | 14,372 | 61.8 | 14.4% | 11.4% | 0.00 |
| ABLBL | 10,597 | 59.9 | 26.4% | 12.5% | 0.59 |
| FIRSTCRY | 9,481 | — | 0.2% | -3.8% | 0.12 |
| V2RETAIL | 8,142 | 6.2 | 28.7% | 19.9% | 0.28 |
| MEDPLUS | 8,072 | 38.3 | 19.8% | 10.7% | 0.00 |
| ETHOSLTD | 7,766 | 74.5 | 17.6% | 10.8% | 0.00 |
| AVL | 7,752 | 55.7 | 22.4% | 20.2% | 0.48 |
⚠️ Risk Factors
1) Persistent revenue collapse with no signs of recovery or new business development. 2) Complete absence of operational transparency or management communication on revival plans. 3) Historical financial irregularities reflected in erratic profit and loss patterns. 4) Lack of institutional or analyst coverage suggesting limited market confidence.
🧠 Analyst's Read
The company is effectively non-operational with no visible path to revenue generation or value creation. Investors should monitor for any sudden changes in business activity or management communication, but current indicators suggest minimal upside potential.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-01.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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