Shakti Pumps (India) Ltd

Shakti Pumps (India) Ltd

₹ 2,292 -0.07%
07 May 12:27 p.m.
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 4,592 Cr.
  • Current Price 2,292
  • High / Low 2,400 / 414
  • Stock P/E 39.2
  • Book Value 337
  • Dividend Yield 0.09 %
  • ROCE 29.6 %
  • ROE 22.6 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 30.1% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last quarter: -4.64%
  • Company has high debtors of 178 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
308 148 357 256 364 237 210 302 175 101 134 470 587
268 140 330 232 334 218 200 281 167 98 126 405 480
Operating Profit 40 8 27 24 30 19 10 21 9 3 8 64 107
OPM % 13% 6% 8% 9% 8% 8% 5% 7% 5% 3% 6% 14% 18%
2 1 3 4 2 1 1 1 4 8 1 2 1
Interest 3 2 3 4 4 5 5 3 4 3 3 4 7
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 35 3 23 20 23 10 1 14 5 4 2 57 97
Tax % 34% -65% 17% 25% 26% 25% 19% 21% 10% -26% 42% 28% 27%
23 4 19 15 17 7 1 11 5 4 1 41 71
EPS in Rs 12.65 2.37 10.38 8.19 9.31 4.05 0.30 6.21 2.49 2.40 0.47 22.25 35.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
210 297 299 264 408 412 521 357 887 1,124 923 1,292
179 252 252 243 349 342 447 355 766 1,035 866 1,109
Operating Profit 32 45 47 21 59 70 74 2 121 89 58 183
OPM % 15% 15% 16% 8% 14% 17% 14% 1% 14% 8% 6% 14%
7 10 11 8 2 3 3 4 3 11 7 11
Interest 12 13 13 14 16 14 17 19 14 14 17 18
Depreciation 5 7 10 12 13 14 15 16 17 17 17 18
Profit before tax 21 36 35 3 32 45 45 -29 93 69 30 159
Tax % 13% 26% 27% 43% 32% 38% 31% 30% 34% 19% 20% 26%
18 27 26 2 22 28 31 -20 61 56 24 117
EPS in Rs 12.10 17.39 15.36 1.18 11.88 15.15 17.10 -11.11 33.28 30.24 13.05 58.47
Dividend Payout % 8% 12% 13% 0% 17% 24% 29% 0% 24% 7% 15% 7%
Compounded Sales Growth
10 Years: 16%
5 Years: 20%
3 Years: 13%
TTM: 40%
Compounded Profit Growth
10 Years: 16%
5 Years: 30%
3 Years: 24%
TTM: 388%
Stock Price CAGR
10 Years: 38%
5 Years: 40%
3 Years: 62%
1 Year: 442%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 16%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 17 17 18 18 18 18 18 18 18 20
Reserves 95 118 178 173 208 231 254 222 284 324 345 656
Preference Capital 0 0 15 15 0 0 0 0 0 0 0
92 113 102 102 88 109 165 178 67 98 71 83
45 65 75 74 104 91 104 86 256 363 230 600
Total Liabilities 247 311 372 367 418 449 542 504 626 804 664 1,359
80 90 106 110 121 119 128 129 124 121 116 119
CWIP 0 2 5 8 0 0 1 1 1 1 2 18
Investments 1 1 1 1 2 10 18 20 19 19 27 46
166 219 261 248 294 320 395 354 482 663 519 1,176
Total Assets 247 311 372 367 418 449 542 504 626 804 664 1,359

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
26 18 -4 34 52 21 -7 53 132 5 32 25
-26 -29 -26 -18 -19 -21 -34 -35 2 0 -11 -50
-2 12 28 -16 -33 6 35 -15 -122 6 -41 195
Net Cash Flow -2 1 -1 0 1 6 -6 3 12 12 -20 170

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 111 115 143 130 139 135 121 116 103 118 86 178
Inventory Days 242 177 220 219 136 156 127 191 66 80 92 110
Days Payable 77 75 71 62 93 76 72 77 106 118 63 172
Cash Conversion Cycle 276 217 292 288 183 215 175 230 63 80 115 115
Working Capital Days 164 127 189 190 152 187 186 220 76 87 107 109
ROCE % 18% 22% 17% 6% 16% 18% 16% -2% 27% 20% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.66% 54.66% 54.66% 54.82% 54.82% 54.82% 55.95% 56.14% 56.22% 56.22% 56.22% 51.57%
2.64% 0.00% 1.47% 0.44% 0.27% 0.34% 0.36% 0.35% 0.39% 0.64% 0.49% 0.77%
1.17% 2.51% 0.07% 0.08% 0.06% 0.00% 0.00% 0.00% 0.15% 0.22% 0.31% 8.68%
41.53% 42.82% 43.79% 44.66% 44.85% 44.83% 43.68% 43.53% 43.23% 42.93% 43.00% 38.96%
No. of Shareholders 31,15435,70339,83942,01841,65942,78444,27342,63645,54145,27947,50252,943

* 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.

Documents

Concalls