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Shanthi Gears - Strong Topline Growth, Lower Costs To Aid Margin Expansion: HDFC Securities Initiates Coverage

Shanthi Gears - Strong Topline Growth, Lower Costs To Aid Margin Expansion: HDFC Securities Initiates Coverage

<div class="paragraphs"><p>Shanthi Gears Ltd. (Source: Company website)</p></div>
Shanthi Gears Ltd. (Source: Company website)

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HDFC Securities Retail Research

Shanthi Gears Ltd. is an industrial gearing solutions company supplying gears and gearboxes to different industries. It has an in-house research and development and designing capabilities developing better products which has helped its clients to improve productivity and save on costs.

It is now focussing on developing products for export market and looking to increase its exports. Strong growth in end user industries like steel, cement, power, paper, etc. is likely to increase demand for gears.

Further, Shanthi Gears is part of the Murugappa Group and exploring the possibilities of jointly marketing products with Tube Investments of India Ltd. and CG Power and Industrial Solutions Ltd. This could lead to strong topline growth and lower costs resulting in margin expansion going forward.

Click on the attachment to read the full report:

HDFC Securities Retail Research Shanthi Gears Initiating Coverage.pdf

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