Shakti Pumps: Powering Profits with Renewable Innovation
Brokerage Free Team •January 8, 2025 | 4 min read • 3119 views
Overview
Shakti Pumps (India) Limited, headquartered in Pithampur, Madhya Pradesh, is a leading manufacturer of energy-efficient stainless steel submersible pumps, solar-powered pumps, and advanced pumping solutions. Established in 1982, the company has grown to become a globally recognized brand in the pumping sector, exporting to over 100 countries. Shakti Pumps is synonymous with innovation and sustainability, focusing on renewable energy solutions such as solar-powered pumping systems to support the agricultural and industrial sectors.
Key Metrics
| Metric | Value |
| Market Capitalization | INR 16,200 Crores |
| Revenue (FY 2025) | INR 635 Crores |
| Profit After Tax (FY 2025) | INR 101 Crores |
| Return on Equity (ROE) | 22.5% |
| Debt-to-Equity Ratio | 0.11 |
| Current Share Price | INR 1,344.85 |
| 52-Week High/Low | INR 1344.85 / INR 174 |
Historic Price Performance
| Time | Shakti Pumps | Nifty50 Returns | Sensex Returns | Industry Returns | Sector Returns |
| 1 Day | 5% | -0.18% | 0% | -0.51% | -1.2% |
| 1 Week | 25.97% | 0.09% | 0.08% | -0.58% | -1.53% |
| 1 Month | 75.85% | -4.1% | -4.29% | 0.61% | -6.34% |
| 3 Months | 86.79% | -4.55% | -3.52% | 9.47% | -0.65% |
| 6 Months | 78.72% | -2.7% | -2.25% | 3.58% | -9.98% |
| 1 Year | 695.91% | 9.01% | 8.57% | 117.36% | 134.56% |
| 3 Year | 1,080.83% | 32.86% | 30.89% | 420.32% | 404.72% |
| 5 Years | 3,843.84% | 96.35% | 91.34% | 1,244.75% | 1,213.28% |
| 10 Years | 3,861.27% | 192.1% | 190.61% | 1,008.17% | 966.91% |
Quarterly Results (Q2 FY 2025)
| Indicator | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 |
| Total Revenue | 631.80 | 560.30 | 588.00 | 471.20 | 135.10 | 108.90 | 179.50 |
| Operating Expenses | 490.80 | 426.40 | 479.90 | 405.30 | 125.90 | 98.20 | 166.50 |
| Operating Profit | 135.00 | 128.70 | 107.30 | 64.40 | 8.40 | 2.80 | 8.70 |
| Operating Profit Margin % | 21.57% | 23.18% | 18.27% | 13.71% | 6.28% | 2.77% | 4.98% |
| Depreciation | 4.50 | 4.40 | 4.40 | 4.40 | 4.40 | 4.30 | 4.20 |
| Interest | 10.30 | 8.00 | 7.20 | 4.40 | 3.30 | 2.80 | 3.70 |
| Profit Before Tax | 126.30 | 121.50 | 96.60 | 57.10 | 1.50 | 3.50 | 5.10 |
| Tax | 32.20 | 31.00 | 25.70 | 16.20 | 0.60 | -0.90 | 0.50 |
| Net Profit | 94.10 | 90.50 | 71.00 | 40.90 | 0.90 | 4.40 | 4.60 |
| Basic EPS | 47.00 | 45.20 | 38.50 | 22.30 | 0.50 | 2.40 | 2.50 |
| Net profit TTM | 296.50 | 203.20 | 117.20 | 50.80 | 21.30 | 21.00 | 24.00 |
| Basic EPS TTM | 147.90 | 101.40 | 58.50 | 27.60 | 11.60 | 11.40 | 13.10 |
Stock Analysis
| Shakti Pumps Metric | VALUE | CHANGE % | TREND | ANALYSIS |
| Annual Revenue | ₹1,374.3 Cr | 41.54% | positive | Annual Revenue rose 41.54%, in the last year to ₹1,374.3 Cr. Its sector's average revenue growth for the last fiscal year was 10.76%. |
| Annual Net Profit | ₹141.71 Cr | 487.23% | positive | Annual Net Profit rose 487.23% in the last year to ₹141.71 Cr. Its sector's average net profit growth for the last fiscal year was 33.44%. |
| Price to Earning Ratio | 49.15 | - | positive | Price to Earning Ratio is 49.15, lower than its sector PE ratio of 60.79. |
| Stock Price | ₹1344.85 | 695.91% | positive | Stock Price rose 695.91% and outperformed its sector by 561.35% in the past year. |
| Quarterly Revenue | ₹640.32 Cr | 315.37% | positive | Quarterly Revenue rose 315.37% YoY to ₹640.32 Cr. Its sector's average revenue growth YoY for the quarter was 10.8%. |
| Quarterly Net profit | ₹101.42 Cr | 1630.21% | positive | Quarterly Net profit rose 1,630.21% YoY to ₹101.42 Cr. Its sector's average net profit growth YoY for the quarter was 22.55%. |
| Debt to Equity Ratio | 0.11 | - | positive | Debt to Equity Ratio of 0.11 is less than 1 and healthy. This implies that its assets are financed mainly through equity. |
| Return on Equity(ROE) | 18.75 % | 18.75% | neutral | Return on Equity(ROE) for the last financial year was 18.75%, in the normal range of 10% to 20%. |
| Mutual Fund Holding | 5.90 % | -0.69% | negative | Mutual Fund Holding decreased by 0.69% in the last quarter to 5.9. |
| Promoter Share Holding | 51.58 % | 0% | neutral | Promoter Share Holding stayed the same in the most recent quarter at 51.58%. |
| Interest Coverage Ratio | 11.73 | - | positive | Interest Coverage Ratio is 11.73, higher than 1.5. This means that it is able to meet its interest payments comfortably with its earnings (EBIT). |
| Promoter Pledges | 0.00 % | 0% | positive | Promoter Pledges are zero. |
Shareholding Pattern
| Summary | Nov, 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 51.6% | 51.6% | 51.6% | 51.6% |
| FII | 3.1% | 3.4% | 2.3% | 0.8% |
| DII | 6.1% | 6.8% | 6.9% | 8.7% |
| Public | 39.2% | 38.3% | 39.3% | 39.0% |
Peer Performance
| Stock | Current Price | PE TTM Price to Earnings | Market Capitalization | Dividend yield 1yr % | Net Profit Qtr | Net Profit Annual YoY Growth % | Operating Revenue Qtr | Revenue Growth Qtr YoY % | Price to Book Value |
| Shakti Pumps (India) Ltd. | 1344.85 | 49.15 | 16166.52 | 0.05% | 101.42 | 487.23% | 634.59 | 315.37% | 21.39 |
| Cummins India Ltd. | 3158.55 | 44.94 | 87555.01 | 1.20% | 449.37 | 40.10% | 2508.6 | 30.55% | 12.57 |
| GE Vernova T&D India | 1986.85 | 128.86 | 50872.6 | 0.10% | 144.62 | 12251.01% | 1107.77 | 58.76% | 36.96 |
| 3M India Ltd. | 30920.65 | 61.53 | 34832.42 | 2.22% | 133.78 | 28.87% | 1110.8 | 13.88% | 20.91 |
| Jyoti CNC Automation | 1365.95 | 113.18 | 31064.86 | 0.00% | 75.88 | 901.73% | 430.67 | 42.75% | 20.79 |
| Elgi Equipments Ltd. | 573.1 | 55.43 | 18162.05 | 0.35% | 94.72 | -15.89% | 868.86 | 7.78% | 10.54 |
| Kirloskar Brothers Ltd. | 2220 | 44.58 | 17628.78 | 0.27% | 95.7 | 1035.8 | 13.44% | 9.51 |
SWOT Analysis
| Strengths | Weaknesses |
| Strong presence in solar pump segment | Dependence on government schemes |
| Global distribution network | Limited diversification in product lines |
| Technological innovation in IoT pumps | Moderate working capital efficiency |
| Low debt levels | |
| Opportunities | Threats |
| Rising demand for renewable solutions | Competition from established players |
| Expansion into industrial applications | Policy uncertainties in subsidies |
| Export market growth potential | Raw material price fluctuations |
Final Words
Shakti Pumps has carved a niche in the renewable energy and water management sectors. Its focus on innovation, sustainability, and market expansion makes it a compelling investment option. However, investors must remain cognizant of policy dependencies and sectoral risks. Including collaborations or partnerships in the solar energy space could further enhance its prospects. As India’s renewable energy initiatives gain momentum, Shakti Pumps stands well-positioned to benefit from the growth opportunities.
Disclaimer!
The content provided in this blog article is for educational purposes only. The information presented here is based on the author's research, knowledge, and opinions at the time of writing. Readers are advised to use their discretion and judgment when applying the information from this article. The author and publisher do not assume any responsibility or liability for any consequences resulting from the use of the information provided herein. Additionally, images, content, and trademarks used in this article belong to their respective owners. No copyright infringement is intended on our part. If you believe that any material infringes upon your copyright, please contact us promptly for resolution.
The content provided in this blog article is for educational purposes only. The information presented here is based on the author's research, knowledge, and opinions at the time of writing. Readers are advised to use their discretion and judgment when applying the information from this article. The author and publisher do not assume any responsibility or liability for any consequences resulting from the use of the information provided herein. Additionally, images, content, and trademarks used in this article belong to their respective owners. No copyright infringement is intended on our part. If you believe that any material infringes upon your copyright, please contact us promptly for resolution.
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