Is Shanti Gold International the Best Stock in Its Sector? A Look at the Numbers

Is Shanti Gold International the best stock in its sector? The stock trades on the NSE at Rs 340 as of 07 October 2026, within its 52-week range of Rs 154.92 to Rs 344.70. Shanti Gold International Ltd, based in Mumbai, designs and manufactures gold jewellery for retailers and brands.

Shanti Gold International sits in the Jewellery sector, and its 23.42% ROE and 13.89x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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About Shanti Gold International

Shanti Gold International Ltd, based in Mumbai, designs and manufactures gold jewellery for retailers and brands. The stock is at a fresh 52-week high after more than doubling from its 52-week low, and rights entitlements also trade under its name. At a market capitalisation of Rs 2,588 Cr, it is tracked as part of the Jewellery sector on Univest.

Is Shanti Gold International the Best Stock in Its Sector?

Shanti Gold International makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 23.42% ROE with a 13.89x P/E against the sector's 49.45x Industry P/E. Shanti Gold International's 13.89x P/E is far below the 49.45x Industry P/E with a strong 23.42% ROE, but the benchmark is skewed by branded retailers, gold jewellery manufacturing margins are thin, and the stock has more than doubled to a fresh 52-week high.

Metric	Shanti Gold International
CMP (NSE)	Rs 339.70
52-Week High / Low	Rs 344.70 / Rs 154.92
Market Cap	Rs 2,588 Cr
P/E (TTM) vs Industry P/E	13.89x vs 49.45x
P/B	3.71
ROE	23.42%
EPS (TTM)	Rs 24.28
Dividend Yield	0.00%
Debt to Equity	0.36

Compare Shanti Gold International Against Other Jewellery Sector Stocks

How Shanti Gold International Compares Against Its Jewellery Sector Peers

The table below sets Shanti Gold International against 2 other Jewellery sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Shanti Gold International	2,588	13.89	23.42%	0.36
Thangamayil Jewellery	14,793	37.83	24.83%	0.64
Renaissance Global	1,758	16.08	6.61%	0.43
Peer average (2 companies)	-	26.95	15.72%	0.54

Against this peer set, Shanti Gold International's 23.42% ROE is above the 15.72% peer average, and its P/E of 13.89x runs below the peer average of 26.95x. Shanti Gold International's 13.89x P/E is far below the 49.45x Industry P/E with a strong 23.42% ROE, but the benchmark is skewed by branded retailers, gold jewellery manufacturing margins are thin, and the stock has more than doubled to a fresh 52-week high.

What Makes Shanti Gold International Worth Watching in Jewellery

• Strong ROE: A 23.42% ROE is among the strongest in this batch.
• Well below Industry P/E: A 13.89x P/E against a 49.45x Industry P/E is a wide discount, though that benchmark is skewed by richer jewellery retailers.
• At a fresh high: The stock has more than doubled from its 52-week low and is at a fresh high, so momentum is strong but much of the re-rating has happened.

Shanti Gold International Valuation: Is It Justified?

Shanti Gold International's 13.89x P/E is far below the 49.45x Industry P/E with a strong 23.42% ROE, but the benchmark is skewed by branded retailers, gold jewellery manufacturing margins are thin, and the stock has more than doubled to a fresh 52-week high. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Sarveshwar Foods the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Shanti Gold International and other Jewellery sector stocks.

How to Track Shanti Gold International Before You Invest

Before deciding whether Shanti Gold International deserves its label as the best stock in its sector for your own portfolio, compare it directly against Jewellery sector peers using the steps below.

1. Open the Univest Screener and search for Shanti Gold International to view live price, valuation ratios, and peer comparisons within the Jewellery sector.
2. Compare its P/E, P/B, and ROE against other Jewellery sector stocks before deciding if the current valuation fits your strategy.
3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Shanti Gold International earns a place in the best stock in its sector conversation on the strength of a 23.42% ROE and a P/E of 13.89x against a 49.45x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Is Shanti Gold International the best stock in its sector?

Ans. Shanti Gold International has a 23.42% ROE and trades at 13.89x P/E against a 49.45x Industry P/E, and compares above the peer average ROE of 15.72% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Shanti Gold International?

Ans. Shanti Gold International was trading at Rs 339.70 on the NSE as of 07 October 2026, within its 52-week range of Rs 154.92 to Rs 344.70.

What sector does Shanti Gold International belong to?

Ans. Shanti Gold International is classified under the Jewellery sector on Univest.

How does Shanti Gold International compare to its sector peers on P/E?

Ans. Shanti Gold International's P/E of 13.89x is below the 26.95x average of the 2 named peers compared in this article.

What is Shanti Gold International's return on equity?

Ans. Shanti Gold International reported a return on equity of 23.42%, which is above the 15.72% average of its named peers in this comparison.

Should I invest in Shanti Gold International based on its sector position?

Ans. Shanti Gold International's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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