Shakti Pumps (India) Ltd

Shakti Pumps (India) Ltd

₹ 785 -1.31%
03 Dec - close price
About

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]

Key Points

Product Offerings
A) Pumps - Submersible pumps, Solar pumps, Vertical multistage centrifugal pumps, Mono end suction pumps, Pressure booster pumps, wastewater pumps, open well pumps, Helical pumps, etc.
B) Motors - Submersible motors, Enhanced efficiency system, Surface motors, Shakti slip start the synchronous motor.
C) Controllers - Universal solar pump controller, Shakti solar drive, Shakti elite soft starter, etc.
D) Others - Mechanical seal, Hydro pneumatic PLC parameter setting manual & booster system. [1]

  • Market Cap 9,440 Cr.
  • Current Price 785
  • High / Low 901 / 155
  • Stock P/E 28.7
  • Book Value 78.4
  • Dividend Yield 0.08 %
  • ROCE 31.4 %
  • ROE 24.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 25.7% CAGR over last 5 years

Cons

  • Stock is trading at 10.0 times its book value
  • Company has high debtors of 178 days.
  • Promoter holding has decreased over last 3 years: -3.08%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
369 269 385 254 216 314 183 113 153 496 609 568 635
335 241 348 233 204 292 172 105 138 425 479 432 486
Operating Profit 34 27 36 21 12 22 11 8 15 71 131 136 149
OPM % 9% 10% 9% 8% 6% 7% 6% 7% 10% 14% 21% 24% 23%
1 2 2 1 1 1 1 1 1 1 1 3 6
Interest 3 5 5 6 6 3 4 3 4 5 8 8 11
Depreciation 5 5 5 5 5 5 4 5 5 5 5 5 5
Profit before tax 27 20 29 12 3 15 3 1 7 63 119 126 138
Tax % 23% 27% 23% 26% 30% 24% 24% -41% 21% 28% 25% 26% 27%
21 15 22 9 2 11 2 1 6 45 90 93 101
EPS in Rs 1.88 1.34 1.99 0.79 0.17 1.02 0.20 0.09 0.53 4.10 7.46 7.71 8.44
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
209 292 297 264 428 435 544 383 930 1,179 968 1,371 2,307
179 249 249 244 368 356 454 371 788 1,068 901 1,146 1,821
Operating Profit 30 43 47 20 60 78 89 12 142 110 67 225 486
OPM % 14% 15% 16% 8% 14% 18% 16% 3% 15% 9% 7% 16% 21%
7 10 11 9 2 3 4 4 4 6 3 4 11
Interest 12 13 13 14 17 14 18 21 16 16 19 19 32
Depreciation 5 7 10 12 13 14 15 17 18 19 18 19 19
Profit before tax 20 34 36 3 33 54 60 -22 111 82 32 190 446
Tax % 14% 27% 26% 58% 35% 35% 25% -35% 32% 21% 25% 25%
17 25 26 1 22 35 45 -14 76 65 24 142 329
EPS in Rs 1.84 2.73 2.61 0.11 1.96 3.16 4.09 -1.28 6.85 5.88 2.19 11.79 27.71
Dividend Payout % 9% 12% 13% 0% 0% 20% 20% 0% 19% 6% 15% 6%
Compounded Sales Growth
10 Years: 17%
5 Years: 20%
3 Years: 14%
TTM: 202%
Compounded Profit Growth
10 Years: 19%
5 Years: 26%
3 Years: 23%
TTM: 1517%
Stock Price CAGR
10 Years: 35%
5 Years: 86%
3 Years: 97%
1 Year: 361%
Return on Equity
10 Years: 14%
5 Years: 15%
3 Years: 17%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 15 15 17 17 18 18 18 18 18 18 18 20 20
Reserves 94 118 175 170 205 235 272 247 322 375 400 736 922
92 113 117 119 89 110 178 193 79 106 75 85 162
44 62 62 60 106 94 115 83 251 364 232 610 746
Total Liabilities 245 308 371 366 419 457 583 541 671 864 725 1,450 1,850
80 90 106 110 121 121 140 153 147 146 147 149 152
CWIP 0 2 5 8 0 0 12 1 1 1 2 39 50
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
165 217 261 248 298 336 431 387 522 717 577 1,263 1,648
Total Assets 245 308 371 366 419 457 583 541 671 864 725 1,450 1,850

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
29 18 -4 33 53 20 -2 50 141 17 39 54
-29 -29 -25 -18 -17 -19 -44 -35 0 -8 -12 -67
-2 12 28 -14 -33 6 42 -14 -126 0 -47 192
Net Cash Flow -2 1 -1 1 2 6 -5 1 15 10 -20 180

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 105 105 124 96 118 120 121 119 104 119 92 178
Inventory Days 255 207 273 302 161 178 151 212 74 87 102 118
Days Payable 75 79 75 69 91 76 80 75 102 115 62 172
Cash Conversion Cycle 284 233 323 330 189 222 192 256 76 91 131 123
Working Capital Days 164 126 188 187 138 181 192 236 89 98 123 118
ROCE % 17% 21% 18% 5% 16% 20% 19% -0% 29% 21% 10% 31%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Nov 2024
54.82% 54.82% 54.82% 55.95% 56.14% 56.22% 56.22% 56.22% 51.57% 51.57% 51.57% 51.57%
0.44% 0.27% 0.34% 0.36% 0.35% 0.39% 0.64% 0.49% 0.77% 2.32% 3.36% 3.11%
0.08% 0.06% 0.00% 0.00% 0.00% 0.15% 0.22% 0.31% 8.68% 6.85% 6.79% 6.11%
44.66% 44.85% 44.83% 43.68% 43.53% 43.23% 42.93% 43.00% 38.96% 39.25% 38.27% 39.19%
No. of Shareholders 42,01841,65942,78444,27342,63645,54145,27947,50252,94370,19096,9551,24,476

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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