Shanti Overseas (India) Ltd (SHANTI)
🎯 Key Takeaways
- Shanti Overseas (India) Ltd appears to be in a distressed or turnaround phase, marked by persistent net losses, negative ROE and ROCE, and minimal revenue generation. The company operates with a very low equity base and limited financial scale, suggesting it may be a small-cap entity facing operational headwinds.
- ⚠️ Persistent net losses and negative profitability metrics with no signs of operational improvement.
- ROE
- -193.3%
- ROCE
- -12.0%
- Debt/Equity
- 4.04
- Promoter
- 0.0%
📖 The Story
Shanti Overseas (India) Ltd appears to be in a distressed or turnaround phase, marked by persistent net losses, negative ROE and ROCE, and minimal revenue generation. The company operates with a very low equity base and limited financial scale, suggesting it may be a small-cap entity facing operational headwinds. Despite no promoter holding, it maintains a broad retail investor base, indicating possible speculative or passive interest. The absence of institutional or DII participation raises concerns about confidence in its recovery trajectory.
📰 What's Happening
The most recent board-approved unaudited standalone financial results for Q1 FY2026 (filed June 24, 2026) reveal a net loss of ₹940.02 lakhs, up from ₹748.58 lakhs in the prior quarter, with EPS declining to (₹8.46). Revenue remained stagnant at ₹262.11 lakhs, reflecting no meaningful growth. The company previously clarified an XBRL filing discrepancy due to data entry error (June 29, 2026), confirming no material change to figures. Additionally, insiders are restricted from trading until July 1, 2026, following the release of Q1 results, per SEBI PIT norms.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 4 | 3 | 1 | 7 | 0 |
| Operating Profit | 0 | -2 | -2 | -3 | -0 |
| OPM % | 7.7% | -83.0% | -216.5% | -46.1% | — |
| Net Profit | 0 | -0 | 2 | -9 | 0 |
| EPS | ₹0.15 | ₹-0.11 | ₹1.46 | ₹-8.34 | ₹0.02 |
Revenue has shown a sharp decline from ₹4 lakhs in June 2025 to ₹0 in June 2026, with operating performance consistently negative over the past four quarters. The company posted a net loss of ₹9 lakhs in March 2026, worsening from a small profit of ₹2 lakhs in December 2025, indicating deteriorating margins and operational instability. Despite minor fluctuations in reserves and equity, the balance sheet reflects minimal asset growth and reliance on small borrowings, underscoring limited financial resilience amid ongoing losses.
🔮 Management Outlook & What's Next
Management has not provided forward guidance or strategic commentary in the latest filings beyond confirming board approval of results and procedural compliance. There is no discussion of recovery plans, cost restructuring, or revenue revival initiatives in the available disclosures. The lack of strategic updates suggests either operational inertia or confidentiality until a formal turnaround plan is ready.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 |
| Reserves | 0 | 2 | -7 | 0 |
| Borrowings | 1 | 1 | 16 | 4 |
| Total Liabilities | 20 | 20 | 27 | 26 |
| Fixed Assets | 0 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 20 | 20 | 27 | 26 |
The balance sheet shows a stable but tiny equity base of ₹11 lakhs with negligible reserves, while borrowings remain low at ₹16 lakhs as of March 2026. Total assets have only modestly increased from ₹20 lakhs to ₹27 lakhs over two years, indicating minimal capital investment or expansion. The capital structure is highly conservative, with no significant debt burden but also little room for operational scaling or distress absorption.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | -2 | -12 |
| Investing | +1 | -3 |
| Financing | +1 | +15 |
| Net Cash Flow | -1 | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 0.0% | 0.0% | 0.0% | 0.0% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 89.2% | 89.2% | 89.2% | 89.3% |
| # Shareholders | 12,941 | 11,805 | 11,315 | 11,067 |
Promoter holding remains at 0%, with public shareholders comprising nearly 90% of equity and over 11,000 individual investors, suggesting widespread retail dispersion. Institutional and DII holdings are entirely absent across all recent quarters, signaling a lack of professional investor confidence. Shareholder count has slightly declined from 12,941 to 11,067, possibly reflecting consolidation or reduced retail interest.
⚖️ Peer Comparison — FMCG
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| HINDUNILVR | 4.39 L Cr | 29.3 | 29.8% | — | 0.00 |
| ITC | 3.32 L Cr | 16.7 | 36.0% | — | 0.03 |
| NESTLEIND | 2.58 L Cr | 67.6 | 99.2% | — | 0.00 |
| VBL | 1.45 L Cr | 43.0 | 21.5% | — | 0.10 |
| LENSKART | 1.17 L Cr | 176.0 | 11.9% | — | 0.03 |
| BRITANNIA | 1.16 L Cr | 44.7 | 54.1% | — | 0.27 |
| MARICO | 1.03 L Cr | 54.4 | 54.2% | — | 0.08 |
| TATACONSUM | 95,699 | 58.5 | 10.2% | — | 0.10 |
| GODREJCP | 87,631 | 45.8 | 17.8% | — | 0.33 |
| DABUR | 67,419 | 34.2 | 21.3% | — | 0.09 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent net losses and negative profitability metrics with no signs of operational improvement. 2. Complete absence of revenue in the latest quarter, raising concerns about business viability. 3. Lack of institutional or promoter interest may limit liquidity and support. 4. High shareholder dispersion without any controlling stake increases governance and strategic uncertainty.
📋 Recent Filings
- 🟡 Board Meeting2026-08-14Shanti Overseas (India) Limited announced the outcome of its board meeting held on August 14, 2026, where it approved unaudited standalone and consoli…
- Financial Results2026-07-14Shanti Overseas (India) Limited clarified that a discrepancy between its PDF and XBRL financial results filing was due to a data entry error during XB…
- share transfer2026-07-07Shanti Overseas (India) Limited received a compliance certificate from MUFG Intime India Private Limited, its share transfer agent, confirming demater…
- Financial Results2026-06-29Shanti Overseas (India) Limited clarified that a discrepancy between its PDF and XBRL financial results filing was due to a data entry error during XB…
- Financial Results2026-06-26Shanti Overseas (India) Limited announced that its trading window will close on July 1, 2026, for all insiders until 48 hours after the unaudited stan…
- 🔴 Financial Results2026-06-24No summary available
- regulation 312026-06-03Shanti Overseas (India) Limited disclosed on April 7, 2026, that it has no promoter or promoter group as of March 31, 2026, per SEBI Takeover Regulati…
- 🟡 Board Meeting2026-04-18Shanti Overseas (India) Limited confirmed its share capital reconciliation for Q4 FY2026, showing 100% listed capital of 1.11 million shares with 73.1…
- Announcement2026-04-09Shanti Overseas (India) Limited filed a general corporate document on NSE on April 9, 2026. The filing provides regulatory compliance updates typical …
- Financial Results2026-03-27Shanti Overseas (India) Limited announced closure of its trading window from April 1, 2026, until 48 hours after disclosure of audited financial resul…
🧠 Analyst's Read
Shanti Overseas is currently in a fragile financial position with no visible path to profitability or growth. Investors should monitor for any strategic shifts, cost-cutting measures, or new revenue initiatives that could stabilize operations. Until then, the company remains highly speculative and exposed to execution risks.
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 2026-09-30.
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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