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Shakti Pumps (India)

SHAKTIPUMP NSE
₹359.45 +2.45 (+0.69%)
P/E
20.89
View as Markdown
MCP
Close 4 Nov 2026 ₹359.45 −437.05 −54.9% 1Y
Start ₹796.50

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
23.60%
Debt to Equity
0.30
EPS (TTM)
₹17.21
Book Value
₹144.83
Market Cap
—
P/E (TTM)
20.89
P/B
2.48
ROE
18.00%
Dividend Yield
0.28%
EBITDA
₹447 Cr
52W High
₹813.00
52W Low
₹345.00
Day Range
₹348.45 – ₹361.25
Volume
6,07,151

Peer Comparison

Industrials › Industrial Products › Compressors Pumps & Diesel Engines › Compressors, Pumps & Diesel Engines

Shakti Pumps peer comparison
Cummins
₹4,725.7055.34₹1,27,886 Cr15.461.42%30.20%39.50%₹12,662 Cr₹2,366 Cr
Kirloskar Oil Engines
₹1,802.0047.96₹25,029 Cr7.250.41%17.50%14.60%₹7,937 Cr₹534 Cr
Elgi Equipments
₹562.0539.78₹17,070 Cr7.980.51%19.00%22.10%₹4,146 Cr₹447 Cr
Kirloskar Brothers
₹1,715.7036.49₹13,785 Cr5.300.40%17.30%20.40%₹4,664 Cr₹377 Cr
Ingersoll Rand
₹4,045.8047.74₹12,935 Cr20.741.82%43.00%57.10%₹1,457 Cr₹267 Cr
KSB
₹659.2046.72₹11,469 Cr6.760.66%18.40%24.70%₹2,726 Cr₹246 Cr
Kirloskar Pneumatic Company
₹574.2028.19₹7,179 Cr5.792.18%22.70%30.30%₹1,788 Cr₹264 Cr
Shakti Pumps (this company)
₹359.4520.89₹4,371 Cr2.480.28%18.00%23.60%₹2,934 Cr₹213 Cr
Median 8 companies₹1,187.4543.25₹13,360 Cr7.010.59%18.70%24.15%₹3,540 Cr₹322 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
55
Average
Returns, margins, earnings quality 22% weight
Valuation
52
Average
Cheap vs sector & own history 24% weight
Growth
45
Weak
Sales & profit trajectory 9% weight
Financial Health
46
Average
Solvency, leverage, coverage 9% weight
Momentum
11
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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: -5.82%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1234
OscillatorsBullish234
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
24.71
Bullish
MACD (12,26,9)
−26.58
Bearish
SMA (50)
442.16
Bearish
SMA (200)
522.27
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+26.17%
5Y+23.74%
3Y+40.73%
1Y+7.23%
TTM+14.12%

Net profit

Net profit growth by window
10Y+74.25%
5Y+27.69%
3Y+120.70%
1Y−36.76%
TTM−48.30%

Operating cash flow

Operating cash flow growth by window
10Y+14.15%
5Y−2.54%
3Y+47.05%
1Y+520.00%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+8.06 pp
5Y+0.37 pp
3Y+8.72 pp
1Y−8.33 pp
TTM−11.47 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹428 Cr
Mar 2018₹435 Cr
Mar 2019₹544 Cr
Mar 2020₹383 Cr
Mar 2021₹930 Cr
Mar 2022₹1,179 Cr
Mar 2023₹968 Cr
Mar 2024₹1,371 Cr
Mar 2025₹2,516 Cr
Mar 2026₹2,698 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹22.00 Cr
Mar 2018₹35.00 Cr
Mar 2019₹45.00 Cr
Mar 2020−₹14.00 Cr
Mar 2021₹76.00 Cr
Mar 2022₹65.00 Cr
Mar 2023₹24.00 Cr
Mar 2024₹142 Cr
Mar 2025₹408 Cr
Mar 2026₹258 Cr

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

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.

Bull Case 8
  • 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
Bear Case 8
  • 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

94d ago

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.

Headwinds 2
  • 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.

Positives 3
  • ₹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.

Neutral 3
  • 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.

Quarterly Results

₹ Cr
SHAKTIPUMP quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
113
153
496
609
568
635
649
665
622
666
551
858
859
746
Expenses
105
138
425
479
432
486
494
501
479
530
492
775
776
682
Operating Profit
8
15
71
131
136
149
154
164
144
136
59
83
83
64
OPM %
7%
10%
14%
21%
24%
23%
24%
25%
23%
20%
11%
10%
10%
9%
Other Income
1
1
1
1
3
6
4
4
2
6
8
10
10
12
Interest
3
4
5
8
8
11
12
13
10
13
18
18
15
19
Depreciation
5
5
5
5
5
5
5
5
6
7
7
9
8
8
PBT
1
7
63
119
126
138
142
150
130
122
42
66
71
50
Tax %
−41%
21%
28%
25%
26%
27%
26%
27%
25%
25%
24%
42%
27%
22%
Net Profit
1
6
45
90
93
101
104
110
97
91
32
38
52
39
EPS (₹)
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
—

Sep 2026: from the results filed on 23 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
SHAKTIPUMP profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
24.84
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 (₹)
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

₹ Cr
SHAKTIPUMP balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
SHAKTIPUMP cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
−9
164
97
49
17
473
115
24
89
38
26
63

Ratios

SHAKTIPUMP financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Shakti Pumps insights

62 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 50.40%
  • Public 36.28%
  • Others 6.27%
  • FIIs 5.28%
  • DIIs 1.76%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Shakti Pumps (India)

What does Shakti Pumps (India) Ltd do?
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.
Where is Shakti Pumps (India) Ltd (SHAKTIPUMP) listed?
Shakti Pumps (India) Ltd trades as SHAKTIPUMP on the NSE and under code 531431 on the BSE.
Which sector does Shakti Pumps (India) Ltd belong to?
Shakti Pumps (India) Ltd is classified under the Industrial Products sector, in the Compressors Pumps & Diesel Engines industry.
What is the PE ratio of Shakti Pumps (India) Ltd?
Shakti Pumps (India) Ltd trades at a PE ratio of 20.89 as of 4 Nov 2026, on earnings per share of ₹17.21, against a book value of ₹144.83 per share.
What is the 52-week high and low of Shakti Pumps (India) Ltd?
Over the last 52 weeks Shakti Pumps (India) Ltd has traded between ₹345 and ₹813 as of 4 Nov 2026.
Does Shakti Pumps (India) Ltd pay dividends?
Shakti Pumps (India) Ltd has a dividend yield of 0.28%.
What is the Return on Equity (ROE) of Shakti Pumps (India) Ltd?
Shakti Pumps (India) Ltd reported a return on equity of 18.00%. Its debt-to-equity ratio is 0.30.

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.

Website shaktipumps.com
CEO Mr. Dinesh Patidar
Employees 758
Listed 29 Jan 2015
Face Value ₹10

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