SHAKTIPUMP

Shakti Pumps (India) share price & financials

Price
₹546.65
Market cap
₹6.4k Cr
Sector
Capital Goods
Calls analysed
6
Latest concall · Q1 FY27 · call held 27 Jul 2026

Shakti Pumps (India) Limited Q1 FY27

Revenue ₹859 cr +38%EBITDA Margin 9.6% PAT ₹52 cr PAT Margin 6%

What went well

  • Revenue grew 37.9% YoY to ₹859 crores in Q1 FY27, demonstrating robust performance.
  • Solar pump installations volume increased significantly by 57.6% YoY to 27,678 pumps.
  • PAT increased 35% over Q4 FY26 to ₹52 crores, with PAT margin improving to 6% from 4.5%.

What to watch

  • EBITDA margin remained stable sequentially at 9.6% but was impacted YoY by 6% higher raw material costs and 4% lower sales price realization.
  • Geopolitical uncertainties continue to cause inflated raw material prices, though management views this as temporary.
Read the full call →

What Shakti Pumps (India) Limited does

Shakti Pumps (India) Limited is an integrated manufacturer of solar and electricity-operated submersible pumps, motors, variable frequency drives (VFDs)/inverters and solar structures, with in-house R&D, design and development capability. It earns primarily by supplying pump systems to state government agricultural electrification schemes (including PM-KUSUM, where it is one of the largest beneficiaries), and by selling to industrial, OEM, retail and export customers through a dealer and service-centre network. The company has diversified into new adjacent businesses — electric-vehicle motors, controllers and chargers (via subsidiary Shakti EV Mobility) and solar rooftop systems — and is backward-integrating into solar DCR cells and PV modules. It also operates internationally through wholly owned subsidiaries in the US, UAE and Bangladesh and a branch office in Uganda.

Segments

  • Legacy Business
  • Emerging Businesses
Manufacturing plants (India)
4 plants across 25+ acres
Installed manufacturing capacity
Pumps & motors 5,00,000 units/yr; Inverters & VFDs 4,00,000 units/yr; Solar structures 2,00,000 units/yr
Export footprint
100+ countries
Dealer network in India
500+ dealers
Service centres
400+ service centres
Product variants
1,200+ variants
Founded 1982Employees 1,734 (FY2024-25) Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 0 delivered 4 missed 10 open
  • FY26 Revenue missed said Q4 FY25 Promised: We expect to do a minimum revenue of Rs. 3,000 crores in FY26. Q1 FY27: Promise already concluded as missed. No new information.
  • EV Mobility Revenue delayed said Q4 FY25 Promised: You will see good numbers in the next quarter [Q1 FY26]. Q1 FY27: Timeline pushed out again. Meaningful contribution now expected from FY28 onwards, with trial phase continuing for 8-9 months.
  • Rooftop Business EBITDA Margin on track said Q4 FY26 Promised: And margin wise, we have already given guidelines that we are seeing 15% margins at the EBITDA level for this business. Q1 FY27: Target reiterated: 'we are targeting around 15%'. Rooftop revenue grew 4x YoY, but margin not disclosed. Target remains on track.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 38.1%, net profit down 46.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue635 649 665 622 666 +5%551 −15%858 +29%859 +38%
EBITDA149 154 164 144 136 −9%59 −62%83 −49%83 −42%
Net profit101 104 110 97 91 −10%32 −69%38 −65%52 −46%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −39.3% 1Y

₹500₹600₹700₹800₹900Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 11 May 2026Q1 FY27 — 27 Jul 2026

1Y: ₹813.05 on 10 Sept 2025 → ₹493.8. High ₹886.9 (16 Sept 2025), low ₹459.95 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−4.2%
27 Jul
Q4 FY26
+1.2%
11 May
Q3 FY26
−11.8%
14 Feb
Q2 FY26
−8.1%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 40.8% a year over 3 years, FY23 to FY26. Operating margin widened to 15.6%.

Year endingFY23FY24FY25FY26
Revenue₹967 Cr₹1.4k Cr₹2.5k Cr₹2.7k Cr
Operating profit₹66 Cr₹225 Cr₹603 Cr₹422 Cr
Operating margin6.8%16.4%24.0%15.6%
Interest₹19 Cr₹20 Cr₹44 Cr₹59 Cr
Depreciation₹19 Cr₹20 Cr₹20 Cr₹29 Cr
Net profit₹24 Cr₹142 Cr₹408 Cr₹258 Cr
Net margin2.5%10.4%16.2%9.6%
Cash from operations₹39 Cr₹50 Cr₹20 Cr₹124 Cr
Free cash flow₹19 Cr₹-10 Cr₹-85 Cr₹-53 Cr
ROCE10.0%31.0%55.0%24.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹18 Cr₹18 Cr₹18 Cr₹20 Cr₹123 Cr₹123 Cr
Reserves₹322 Cr₹375 Cr₹400 Cr₹736 Cr₹1.5k Cr₹1.6k Cr
Borrowings₹79 Cr₹106 Cr₹75 Cr₹85 Cr₹617 Cr₹505 Cr
Other liabilities₹251 Cr₹364 Cr₹232 Cr₹610 Cr₹754 Cr₹835 Cr
Total liabilities₹671 Cr₹864 Cr₹725 Cr₹1.4k Cr₹3.0k Cr₹3.0k Cr
Fixed assets₹147 Cr₹146 Cr₹147 Cr₹149 Cr₹274 Cr₹315 Cr
Capital work in progress₹1 Cr₹1 Cr₹2 Cr₹39 Cr₹2 Cr₹12 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹522 Cr₹717 Cr₹577 Cr₹1.3k Cr₹2.7k Cr₹2.7k Cr
Total assets₹671 Cr₹864 Cr₹725 Cr₹1.4k Cr₹3.0k Cr₹3.0k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +3.66 pp while DIIs trimmed −2.45 pp. The shareholder count grew 9% to 2,56,595.

Promoters
50.4%
FIIs
5.1%
DIIs
2.4%
Public
42.1%

Since Jun 2025

  • Public +3.66 pp
  • DIIs −2.45 pp
  • Promoters −1.25 pp

How it drifted, 12 quarters

Over this window promoters fell from 56.2% to 50.4% — −5.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 56.2%, FIIs 0.6%, DIIs 0.2%, Public 42.9%.Dec '23: Promoters 56.2%, FIIs 0.5%, DIIs 0.3%, Public 43.0%.Mar '24: Promoters 51.6%, FIIs 0.8%, DIIs 8.7%, Public 39.0%.Jun '24: Promoters 51.6%, FIIs 2.3%, DIIs 6.8%, Public 39.3%.Sep '24: Promoters 51.6%, FIIs 3.4%, DIIs 6.8%, Public 38.3%.Dec '24: Promoters 51.6%, FIIs 3.2%, DIIs 5.3%, Public 40.0%.Mar '25: Promoters 51.6%, FIIs 5.2%, DIIs 4.3%, Public 38.9%.Jun '25: Promoters 51.6%, FIIs 5.1%, DIIs 4.8%, Public 38.5%.Sep '25: Promoters 50.3%, FIIs 5.6%, DIIs 6.7%, Public 37.4%.Dec '25: Promoters 50.3%, FIIs 5.3%, DIIs 6.3%, Public 38.0%.Mar '26: Promoters 50.4%, FIIs 4.8%, DIIs 5.0%, Public 39.8%.Jun '26: Promoters 50.4%, FIIs 5.1%, DIIs 2.4%, Public 42.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Shakti Pumps (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Shakti Sons Trust 18.36%unchanged
Shakti Brothers Trust 7.61%unchanged
Shakti Future Trust 7.31%unchanged
Shakti Irrigation India Limited 4.53%unchanged
Vintex Tools & Machineries Private Limit 3.97%unchanged
Geeta Patidar 2.97%unchanged
Snehal Bhupendra Shah 1.91%unchanged
Aishwarya Sharma 1.87%unchanged
Pallavi Patidar 1.66%unchanged
Indira Patidar 1.62%unchanged
DR Ramesh Chimanlal Shah 1.52%−0.29 pp
LIC Mutual Fund Mutual fund1.22%−2.01 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Shakti Pumps (India) Limited

Guides on how to read this kind of business and the numbers that matter.