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Earnings Call Transcript

Shakti Pumps (India) Earnings Call Transcript: Key Takeaways

Shakti Pumps achieved record Q1 FY27 revenue, yet margins are under significant pressure from raw material inflation and lower realization on specific government orders.

Guidance and delivery
Management target Revenue FY29
Highlights
Revenue growth37.9% YoY revenue growth to ₹859 Crores.
MarginsEBITDA margin stable sequentially at 9.6%; down YoY on costs.
Order bookHealthy order book of ₹1,000 Crores as of July 2026.
Demand visibilityHigh visibility through PM-KUSUM 2.0 and state-led solar programs.
Management confidenceBalanced, though slightly defensive regarding recent margin compression.

Growth

Revenue grew 37.9% YoY to ₹859 Crores, driven by a 57.6% surge in solar pump volumes.

Outlook

Management aspires to reach ₹5,000 Crores revenue by FY29 via backward integration and EV segments.

Risks

Margins compressed due to geopolitical-led raw material hikes and competitive pricing in legacy government contracts.

Last quarter's promises, checked

Delivered

  • Guided 0.5 GW module plant by Q1FY27 → delivered 500MW facility upcoming (= BEAT)
  • Guided improved receivables → delivered reduction to ₹1,276 Cr (= BEAT)
  • Guided year-on-year growth → delivered 37.9% YoY revenue growth (= BEAT)

Partly delivered

  • Guided execution in South → delivered reached good figure/expanding (= PARTIAL)

Missed

  • Guided margin improvement → delivered 9.6% EBITDA vs 16% FY26 (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: SHAKTIPUMP. Summary written with AI assistance from the document.

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Shakti Pumps (India) Ltd: key numbers

Share price
₹466.90
Market cap
₹5,761 Cr
Revenue (annual)
₹2,698 Cr
Net profit (annual)
₹257.6 Cr
P/E (TTM)
27.1×Sector 53.6×
Promoter holding
50.36%+0.01% QoQ
FII holding
5.08%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Shakti Pumps (India) Ltd

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14:33 IST BSE
Promoter Buying

Shakti Pumps (India) Promoter Buying: ₹0.7 Cr

Promoter entity Shakti Sons Trust acquired 15,000 equity shares of Shakti Pumps India Ltd via market purchase, increasing its stake from 18.37% to 18.38%.

Value
₹0.70 Cr
Promoter stake change
+0.01%
14:31 IST BSE
Promoter Buying

Shakti Pumps (India) Promoter Buying: ₹0.46 Cr

Shakti Future Trust, part of the promoter group, acquired 10,000 equity shares of Shakti Pumps (India) Ltd via market purchase.

Value
₹0.46 Cr
Promoter stake change
+0.01%
17:58 IST BSE
Promoter Buying

Shakti Pumps (India) Promoter Buying

Shakti Future Trust, a promoter group entity, acquired 10,000 equity shares of Shakti Pumps (India) Limited via an open market transaction, increasing their stake by 0.01%.

Promoter stake change
+0.01%
17:54 IST NSE
Acquisition

Shakti Pumps (India) Acquisition Worth ₹11 Cr

Shakti Pumps invested ₹11 Crore to acquire shares in its subsidiary, Shakti Energy Solutions. This investment supports a 2.20 GW solar manufacturing plant in Madhya Pradesh.

Value
₹11.00 Cr
solar PV modules manufacturing capacity
2.2 GW
17:46 IST BSE
Capacity Expansion

Shakti Pumps (India) Capacity Expansion: ₹11 Cr Investment

Shakti Pumps is investing ₹11 Crore in its wholly-owned subsidiary, Shakti Energy Solutions Limited, to establish a new 2.20 GW solar manufacturing plant in Madhya Pradesh.

Value
₹11.00 Cr
solar manufacturing capacity
2.2 GW