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Shakti Pumps (India) Limited
(SHAKTIPUMP)
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Rating:55Neutral
Price Target:
₹529.00
▼(-4.44% Downside)
Action:Reiterated
Date:08/09/26
The score is primarily held back by weak and inconsistent cash generation (negative free cash flow in most years) despite good growth and a generally moderate-leverage balance sheet. Technicals are also bearish (below major moving averages with negative MACD), while valuation remains only middling due to a ~30x P/E and a very low dividend yield.
Positive Factors
Revenue Growth
Sustained top-line growth across the period indicates durable demand for pumps and systems, supporting scale and capacity utilization. Consistent revenue expansion provides a base to absorb fixed costs and fund incremental investments in product development and distribution over the next 2–6 months.
Negative Factors
Weak Cash Conversion
Negative and inconsistent free cash flow undermines the durability of reported earnings: profits are not converting to cash, constraining the company's ability to self-fund capex, service debt, or return capital. Persistent cash drag raises refinancing or liquidity risk if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line growth across the period indicates durable demand for pumps and systems, supporting scale and capacity utilization. Consistent revenue expansion provides a base to absorb fixed costs and fund incremental investments in product development and distribution over the next 2–6 months.
Read all positive factors
Shakti Pumps (India) Limited (SHAKTIPUMP) vs. iShares MSCI India ETF (INDA)
Market Cap
₹58.35B
Dividend Yield0.21%
Average Volume (3M)32.18K
Price to Earnings (P/E)27.5
Beta (1Y)0.51
Revenue Growth14.10%
EPS Growth-49.84%
CountryIN
Employees585
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)33.23
Shares Outstanding123,397,964
10 Day Avg. Volume25,073
30 Day Avg. Volume32,177
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)3.30
Price to Sales (P/S)2.09
P/FCF Ratio-70.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)19.27
Revenue Forecast (FY)₹33.69B
Shakti Pumps (India) Limited Business Overview & Revenue Model
Company Description
Shakti Pumps (India) Limited operates as a leading manufacturer and distributor of pumping equipment, primarily focusing on submersible pumps and motors, all sold under its established 'Shakti' brand. The company's diverse product portfolio encomp...
How the Company Makes Money
Shakti Pumps primarily makes money by designing, manufacturing, and selling pumps and pump systems to customers across agricultural, domestic, and industrial end markets. Key revenue streams typically include: (1) Product sales of pump sets—revenu...
Shakti Pumps (India) Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.96B | 26.98B | 25.18B | 13.72B | 9.70B | 11.81B |
| Gross Profit | 9.49B | 6.75B | 9.46B | 4.49B | 2.26B | 2.75B |
| EBITDA | 5.94B | 4.47B | 6.04B | 2.25B | 686.72M | 1.13B |
| Net Income | 4.02B | 2.58B | 4.08B | 1.42B | 241.32M | 648.16M |
Balance Sheet | ||||||
| Total Assets | 29.97B | 30.48B | 19.74B | 14.50B | 7.25B | 8.64B |
| Cash, Cash Equivalents and Short-Term Investments | 4.07B | 6.84B | 1.69B | 2.01B | 172.09M | 444.18M |
| Total Debt | 6.17B | 5.05B | 1.70B | 848.28M | 751.40M | 1.06B |
| Total Liabilities | 13.70B | 13.43B | 8.13B | 6.95B | 3.07B | 4.70B |
| Stockholders Equity | 16.27B | 17.06B | 11.61B | 7.56B | 4.18B | 3.93B |
Cash Flow | ||||||
| Free Cash Flow | -5.07B | -801.80M | -872.90M | -44.56M | 138.67M | -46.20M |
| Operating Cash Flow | -4.78B | 992.30M | 204.90M | 543.78M | 386.86M | 169.95M |
| Investing Cash Flow | -511.90M | -3.08B | -1.98B | -668.41M | -120.25M | -76.03M |
| Financing Cash Flow | 7.18B | 5.91B | 438.70M | 1.92B | -468.66M | 2.84M |
Shakti Pumps (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹147.74B | 39.71 | ― | 0.38% | 5.04% | -10.39% | |
57 Neutral | ₹45.51B | 45.35 | ― | 1.03% | 21.20% | 22.83% | |
57 Neutral | ₹320.63B | 58.34 | ― | 0.41% | 22.66% | 15.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹58.35B | 27.54 | ― | 0.21% | 14.10% | -49.84% | |
55 Neutral | ₹141.38B | -1.92 | ― | 0.55% | 4.63% | -4.40% | |
54 Neutral | ₹12.14B | 44.14 | ― | 0.41% | -3.87% | -19.01% |
* General Sector Average
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Shakti Pumps (India) Limited Corporate Events
Shakti Pumps Publishes Q1 FY27 Unaudited Results in Leading Dailies
Jul 25, 2026
Shakti Pumps (India) Limited has published its unaudited financial results for the quarter ended June 30, 2026 in leading Hindi and English business dailies, in line with securities listing requirements. The disclosures in Business Standard and Th...
Shakti Pumps Posts Record Quarter, Deepens Bet on Solar and Clean Energy Platform
Jul 24, 2026
Shakti Pumps (India) Limited reported another record quarter for the period ended June 30, 2026, citing strong execution, an improved working capital position, and sustained demand across key markets. The company highlighted a healthy order book o...
Shakti Pumps Sets Record Date for AGM and Potential Final Dividend
Jul 10, 2026
Shakti Pumps (India) Limited has set Wednesday, July 29, 2026 as the record date for shareholders eligible to participate in its 31st Annual General Meeting and to receive a final dividend, subject to approval. The AGM is scheduled for Wednesday, ...
Shakti Pumps Wins Rs 353.89 Crore Solar Irrigation Order in Maharashtra
Jul 4, 2026
Shakti Pumps (India) Limited has been empanelled by Maharashtra State Electricity Distribution Company Limited to supply and install 15,000 off-grid solar photovoltaic water pumping systems of 3 HP to 7.5 HP across Maharashtra under the Magel Tyal...
Shakti Pumps Promoters Confirm 6.21 Crore Shares Held Without Encumbrance
Jun 2, 2026
Promoter Dinesh Patidar has disclosed on behalf of the promoters and promoter group of Shakti Pumps (India) Limited that they collectively hold 62,135,796 equity shares of the company as of March 31, 2026. The filing, made under SEBI’s Subst...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.