This small-cap gear manufacturing stock touched a fresh 52-week high today; do you own it?

The stock has zoomed by 12.93 per cent in a volatile market.

Shanthi Gears is a subsidiary of Tube Investments of India and is a pioneer in gear manufacturing and ranks amongst India’s top gear manufacturers today. The company offers a comprehensive range of products and services and cutting-edge gear solutions for a wide range of applications and specialized gear reconditioning services. Its presence in the domain of the customized product is a strong one and it occupies a dominant position in the market. 

Highlights of Q1FY23: 

Revenue of Rs 99 crore in the quarter with a growth of 48 per cent over Q1 of the previous year. The profit before tax for the quarter up by 54 per cent at Rs 17.7 crore as against Rs 11.5 crore in Q1 of the previous year.

During the quarter, the company booked orders for Rs 105 crore as against Rs 84 crore for the corresponding quarter of the previous year and the pending order book as of June 30, 2022, was Rs 274 crore against Rs 235 crore in the corresponding quarter of the previous year. 

On Tuesday afternoon, the shares of Shanthi Gears have rallied by 13.27 per cent and the scrip is trading at Rs 268.95.