Shanti Gold International Limited is engaged in the business of manufacturing gold jewellery. The company manufactures high-quality 22kt CZ casting gold jewellery, specialising in design and production. The company offers a wide range of high-quality, intricately designed jewelry, including bangles, rings, necklaces, and sets, suitable for special occasions, weddings, festive events, and daily wear at various price points.

The company has an in-house manufacturing setup for design, production, and packaging, ensuring quality control. It uses advanced machines and outsourced labour for tasks like manual stone setting, ensuring precision and craftsmanship.

The company team of 80 computer-aided design technology (CAD) designers creates over 400 gemstone-studded CZ gold designs monthly, using advanced CAD technology to craft intricate pieces. The company has established long-term relationships with several jewelry businesses, including corporate brands like Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, and Shree Kalptaru Jewellers, among others.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Wide range of jewellery designs driven by team of experts: Its jewellery business includes the designing and production of 22 Kt CZ gold jewellery.
• Complete in-house manufacturing: Ensuring quality at every step: It has fully integrated in-house manufacturing setup, which enables to exercise greater control over the quality of products and meet the standards expected by the customers.
• Experienced Promoters with execution capabilities.
• Financially stable business model.

Established relations with corporate and jewellery businesses.

• Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility.
• Funding working capital requirements of the Company.
• Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company.

At the upper band of Rs. 199, the stock is valued at 19.24 times of P/E multiple. Hence, well informed investor may subscribe for medium to long term perspective.