Shanthi Gears (BOM:522034) ROE % Adjusted to Book Value: 1.97% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:522034 Shanthi Gears Ltd BOM:522034
85 GF Score
Price ₹431.60
GF Value ₹495.81
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Shanthi Gears ROE % Adjusted to Book Value?

Shanthi Gears BOM:522034 -1.69% 85 ROE % Adjusted to Book Value is 1.97% as of Mar. 2026. GuruFocus rates BOM:522034 with a GF Score™ of 85/100 and a GF Value™ of ₹495.81 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Shanthi Gears's ROE % for the quarter that ended in Mar. 2026 was 14.79%. Shanthi Gears's PB Ratio for the quarter that ended in Mar. 2026 was 7.51. Shanthi Gears's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 1.97%.

Shanthi Gears ROE % Adjusted to Book Value Related Terms

Shanthi Gears ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Shanthi Gears's ROE % Adjusted to Book Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shanthi Gears ROE % Adjusted to Book Value Chart

Shanthi Gears Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.21 2.58 2.06 2.86 2.42

Shanthi Gears Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.48 0.00 2.15 0.00 1.97

BOM:522034 vs GEV, ETN, PH: ROE % Adjusted to Book Value Comparison

For the Specialty Industrial Machinery subindustry, Shanthi Gears's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shanthi Gears ROE % Adjusted to Book Value vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanthi Gears's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Shanthi Gears's ROE % Adjusted to Book Value falls into.


BOM:522034
85GF Score
Shanthi Gears Ltd BOM:522034
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanthi Gears ROE % Adjusted to Book Value Calculation

Shanthi Gears's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=18.19% / 7.51
=2.42%

Shanthi Gears's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=14.79% / 7.51
=1.97%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a ROE % Adjusted to Book Value of 1.97% mean?
Shanthi Gears (BOM:522034) has a ROE % Adjusted to Book Value of 1.97% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Shanthi Gears and its competitors.
Is Shanthi Gears' ROE % Adjusted to Book Value too high?
Shanthi Gears' current ROE % Adjusted to Book Value is 1.97%. Overall, Shanthi Gears has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanthi Gears' ROE % Adjusted to Book Value compare to GEV and ETN?
Shanthi Gears' ROE % Adjusted to Book Value of 1.97% can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Industrial Products company?
A good ROE % Adjusted to Book Value depends on the Industrial Products industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Shanthi Gears and its competitors. Shanthi Gears's current ROE % Adjusted to Book Value is 1.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanthi Gears stock overvalued right now?
Based on GuruFocus' analysis, Shanthi Gears (BOM:522034) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹495.81, compared to a current price of ₹431.60 — trading 13% below its estimated fair value. The current ROE % Adjusted to Book Value is 1.97%. Shanthi Gears' overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Shanthi Gears (BOM:522034), the current ROE % Adjusted to Book Value is 1.97% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shanthi Gears (BOM:522034) Overvalued in 2026?

Based on GuruFocus' analysis, Shanthi Gears stock appears to be undervalued. The current stock price of ₹431.60 is trading 13% below its estimated GF Value™ of ₹495.81. GuruFocus considers Shanthi Gears to be Modestly Undervalued.

Key valuation signals for BOM:522034:

  • ROE % Adjusted to Book Value: 1.97%
  • GF Value™: ₹495.81 vs. price of ₹431.60 (13% below fair value)
  • GF Score™: 85/100 with 1 warning sign

No single metric tells the full story. See the BOM:522034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shanthi Gears Business Description

Other Exchanges SHANTIGEAR:India
Address 304-A, Trichy Road, Singanallur, Coimbatore, TN, IND, 641005
Shanthi Gears Ltd is an India-based company, that engages in the design, manufacture, supply, and servicing of gears and gearboxes. It offers standard worm gearboxes; helical and bevel helical gearboxes; geared motors; cooling tower, extruder, and rolling mill gearboxes; textile gears, and gear assemblies among others. Geographically the company generates maximum revenue within India and the rest from its customers in America, Europe, and other regions.
85GF Score

Get the complete analysis for BOM:522034

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹431.60
Price
₹495.81
GF Value