Shakti Pumps (India) Ltd
Shakti Pumps (India) Ltd
IndustrialsKey Fundamentals
MicrocapCompressors Pumps & Diesel EnginesIndustrial ProductsInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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46 extracted metrics + investor summaries across FY13–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
3- Company has delivered good profit growth of 27.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%
- Company's median sales growth is 25.9% of last 10 years
Weaknesses
2- Company has high debtors of 173 days.
- Promoter holding has decreased over last 3 years: -5.86%
Growth Rate
AI Analysis — Bull vs Bear
Shakti Pumps (India) Ltd is a mid-cap industrial company with a market cap of Rs 6,434 Cr trading at a PE of 30.4x. The company has delivered strong long-term sales growth (26% CAGR over 10 years) and profit growth (28% CAGR over 5 years), but recent TTM profit has declined 49% and the stock has corrected 41% in the past year.
- Strong 10-year compounded sales CAGR of 26%, indicating sustained revenue momentum in the pumps and solar energy space
- 3-year ROE of 27% demonstrates efficient capital allocation and strong profitability over medium term
- 5-year compounded profit growth of 28% CAGR reflects ability to scale earnings alongside revenue
- 3-year stock CAGR of 63% shows significant long-term wealth creation despite recent correction
- Median sales growth of 25.9% over last 10 years indicates consistency in top-line expansion across cycles
- TTM sales growth of 14% shows the company continues to grow revenue even during the current profit slowdown
- 10-year stock CAGR of 37% reflects long-term compounding potential and market re-rating over time
- Price-to-book ratio of 3.79x is reasonable for a company with 5-year ROE averaging 24%, suggesting earnings power justifies valuation partially
- TTM compounded profit declined 49%, signaling a sharp deterioration in earnings momentum
- High debtor days of 173 days indicates significant working capital strain and potential collection risk
- Stock has corrected 41% in the past 1 year, reflecting market concerns about near-term fundamentals
- Promoter holding has decreased by 5.86% over the last 3 years, which may signal reduced insider confidence
- Last year ROE dropped to 18% from 3-year average of 27%, indicating declining return efficiency
- PE of 30.4x remains elevated despite a 49% profit decline, suggesting the stock may not yet fully reflect earnings weakness
- Dividend yield of only 0.19% offers minimal income cushion during periods of capital depreciation
- 5-year ROE of 24% declining to 18% in the latest year suggests the high-growth phase may be moderating
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- PAT drops 47% on margin squeeze Aug 1
Q1FY27 PAT declined 47% to ₹516 million as EBITDA margins compressed sharply from 23.1% to 9.6% due to higher raw material costs and lower realizations.
- Costs outpace revenue growth Jul 25
Despite revenue rising to ₹858.67 crore in Q1FY26, net profit fell to ₹51.59 crore as costs outpaced sales on both standalone and consolidated basis.
- ₹354 Cr Maharashtra solar pump order Jul 4
Secured empanelment to supply 15,000 off-grid solar water pumping systems in Maharashtra valued at ₹353.89 crore, to be executed within 60 days of work order.
- Record Q1 revenue, 57.6% solar surge Aug 1
Q1FY27 revenue hit a record ₹8,587 million driven by 57.6% surge in solar pump installations. Management maintains ₹5,000 crore revenue target over three years.
- ₹5 Cr investment in EV subsidiary Jul 17
Invested ₹5 crore in Shakti EV Mobility Private Limited, raising total investment to ₹70 crore, signaling continued commitment to EV diversification.
- Q1 FY27 earnings call July 27 Jul 18
Earnings conference call scheduled for July 27, 2026 at 14:00 IST to discuss unaudited results for quarter ended June 30, 2026.
- BRSR filed with 25% GHG target Jul 14
Submitted Business Responsibility and Sustainability Report for FY 2025-26, including a 25% GHG reduction target by FY2030.
- AGM record date set July 29 Jul 10
Record date fixed as July 29, 2026 for 31st AGM and final dividend; AGM scheduled for August 5, 2026.
TL;DR: Shakti Pumps is delivering strong top-line growth fueled by solar pump installations and large government orders, but profitability is under severe pressure with EBITDA margins collapsing from 23.1% to 9.6%. The ₹354 crore Maharashtra order and ₹5,000 crore three-year revenue target provide visibility, but margin recovery is the key monitorable. The trend is revenue-positive but earnings-negative until cost pressures ease.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 113 | 153 | 496 | 609 | 568 | 635 | 649 | 665 | 622 | 666 | 551 | 858 | 859 |
| Expenses | 105 | 138 | 425 | 479 | 432 | 486 | 494 | 501 | 479 | 530 | 492 | 775 | 776 |
| Operating Profit | 8 | 15 | 71 | 131 | 136 | 149 | 154 | 164 | 144 | 136 | 59 | 83 | 83 |
| OPM % | 7% | 10% | 14% | 21% | 24% | 23% | 24% | 25% | 23% | 20% | 11% | 10% | 10% |
| Other Income | 1 | 1 | 1 | 1 | 3 | 6 | 4 | 4 | 2 | 6 | 8 | 10 | 10 |
| Interest | 3 | 4 | 5 | 8 | 8 | 11 | 12 | 13 | 10 | 13 | 18 | 18 | 15 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 7 | 9 | 8 |
| PBT | 1 | 7 | 63 | 119 | 126 | 138 | 142 | 150 | 130 | 122 | 42 | 66 | 71 |
| Tax % | -41% | 21% | 28% | 25% | 26% | 27% | 26% | 27% | 25% | 25% | 24% | 42% | 27% |
| Net Profit | 1 | 6 | 45 | 90 | 93 | 101 | 104 | 110 | 97 | 91 | 32 | 38 | 52 |
| EPS in Rs | 0.09 | 0.53 | 4.1 | 7.46 | 7.71 | 8.44 | 8.66 | 9.17 | 8.06 | 7.35 | 2.57 | 3.11 | 4.18 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 297 | 264 | 428 | 435 | 544 | 383 | 930 | 1,179 | 968 | 1,371 | 2,516 | 2,698 | 2,934 |
| Expenses | 249 | 244 | 368 | 356 | 454 | 371 | 788 | 1,068 | 901 | 1,146 | 1,913 | 2,276 | 2,573 |
| Operating Profit | 47 | 20 | 60 | 78 | 89 | 12 | 142 | 110 | 67 | 225 | 603 | 422 | 361 |
| OPM % | 16% | 8% | 14% | 18% | 16% | 3.2% | 15% | 9% | 7% | 16% | 24% | 16% | 12% |
| Other Income | 11 | 9 | 2 | 3 | 4 | 4 | 4 | 6 | 3 | 4 | 17 | 24 | 33 |
| Interest | 13 | 14 | 17 | 14 | 18 | 21 | 16 | 16 | 19 | 19 | 44 | 59 | 64 |
| Depreciation | 10 | 12 | 13 | 14 | 15 | 17 | 18 | 19 | 18 | 19 | 20 | 28 | 30 |
| PBT | 36 | 3 | 33 | 54 | 60 | -22 | 111 | 82 | 32 | 190 | 556 | 359 | 301 |
| Tax % | 26% | 58% | 35% | 35% | 25% | -35% | 32% | 21% | 25% | 25% | 27% | 28% | — |
| Net Profit | 26 | 1 | 22 | 35 | 45 | -14 | 76 | 65 | 24 | 142 | 408 | 258 | 212 |
| EPS in Rs | 2.61 | 0.11 | 1.96 | 3.16 | 4.09 | -1.28 | 6.85 | 5.88 | 2.19 | 11.79 | 33.97 | 20.87 | 17.21 |
| Div. Payout % | 13% | 0% | 0% | 20% | 20% | 0% | 19% | 6% | 15% | 6% | 3% | 5% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 17 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 20 | 120 | 123 |
| Reserves | 175 | 170 | 205 | 235 | 272 | 247 | 322 | 375 | 400 | 736 | 1,041 | 1,582 |
| Borrowings | 117 | 119 | 89 | 110 | 178 | 193 | 79 | 106 | 75 | 85 | 170 | 505 |
| Other Liabilities | 62 | 60 | 106 | 94 | 115 | 83 | 251 | 364 | 232 | 610 | 642 | 835 |
| Total Liabilities | 371 | 366 | 419 | 457 | 583 | 541 | 671 | 864 | 725 | 1,450 | 1,973 | 3,046 |
| Fixed Assets | 106 | 110 | 121 | 121 | 140 | 153 | 147 | 146 | 147 | 149 | 227 | 315 |
| CWIP | 5 | 8 | 0 | 0 | 12 | 1 | 1 | 1 | 2 | 39 | 33 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 261 | 248 | 298 | 336 | 431 | 387 | 522 | 717 | 577 | 1,263 | 1,714 | 2,719 |
| Total Assets | 371 | 366 | 419 | 457 | 583 | 541 | 671 | 864 | 725 | 1,450 | 1,973 | 3,046 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -4 | 33 | 53 | 20 | -2 | 50 | 141 | 17 | 39 | 50 | 20 | 124 |
| Investing | -25 | -18 | -17 | -19 | -44 | -35 | 0 | -8 | -12 | -61 | -198 | -286 |
| Financing | 28 | -14 | -33 | 6 | 42 | -14 | -126 | 0 | -47 | 191 | 44 | 544 |
| Net Cash Flow | -1 | 1 | 2 | 6 | -5 | 1 | 15 | 10 | -20 | 180 | -134 | 382 |
| Free Cash Flow | -33 | 13 | 37 | 8 | -48 | 32 | 129 | 0 | 19 | -10 | -85 | -53 |
| CFO/OP | -9 | 164 | 97 | 49 | 17 | 473 | 115 | 24 | 89 | 38 | 26 | 63 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 124 | 96 | 118 | 120 | 121 | 119 | 104 | 119 | 92 | 178 | 152 | 173 |
| Inventory Days | 273 | 302 | 161 | 178 | 151 | 212 | 74 | 87 | 102 | 118 | 80 | 90 |
| Days Payable | 75 | 69 | 91 | 76 | 80 | 75 | 102 | 115 | 62 | 194 | 108 | 129 |
| Cash Conversion Cycle | 323 | 330 | 189 | 222 | 192 | 256 | 76 | 91 | 131 | 102 | 124 | 134 |
| Working Capital Days | 101 | 73 | 73 | 105 | 92 | 85 | 66 | 68 | 96 | 96 | 111 | 91 |
| ROCE % | 18% | 5% | 16% | 20% | 19% | 0% | 29% | 21% | 10% | 31% | 55% | 24% |
Documents
Frequently Asked Questions about Shakti Pumps (India) Ltd
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Company Information
Shakti Pumps (India) Ltd is primarily engaged in manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, commercial and industrial applications. Its brand "Shakti" is well received in the domestic and international markets.[1]