SHAKTIPUMP

Shakti Pumps (India) Limited

Off-grid solar photovoltaic pumping systems and solar modules

Industrials›Capital Goods›Industrial Products›Compressors, Pumps & Diesel Engines

shaktipumps.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹422.75
Market cap
5,218 Cr
Stock P/E
24.6
P/B
3.06
Dividend yield
0.2%
ROE (FY26)
15.1%
ROCE (FY26)
19.1%
Operating margin (FY26)
14.6%
Debt / equity (FY26)
0.29
OCF / EBITDA (FY26)
29.4%
OCF / EBITDA (3Y)
15.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Shakti Pumps builds solar water pumps and pumping systems, sold mainly to farmers through government schemes such as PM-KUSUM, and to industrial customers and exporters in more than 100 countries.

Company snapshot

8thBy market cap

Ranked among 14 companies in Compressors, Pumps & Diesel Engines.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 108.9% of revenue

SegmentRevenue shareRevenuePBTAssets
India
108.9%
706 Cr153 Cr1,988 Cr
Overseas
2.5%
16 Cr0.18 Cr72 Cr

Shares add up to 111% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Debt-to-equity of 0.29x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Only 16% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales153 Cr496 Cr609 Cr568 Cr635 Cr649 Cr665 Cr623 Cr666 Cr551 Cr858 Cr859 Cr
Operating expenses (approx.)138 Cr425 Cr479 Cr432 Cr486 Cr494 Cr501 Cr479 Cr530 Cr492 Cr775 Cr776 Cr
EBITDA15 Cr71 Cr131 Cr136 Cr149 Cr154 Cr164 Cr144 Cr136 Cr59 Cr83 Cr83 Cr
OPM %10.0%14.3%21.5%23.9%23.4%23.8%24.6%23.1%20.4%10.7%9.7%9.6%
Other income0.76 Cr1 Cr0.85 Cr3 Cr6 Cr4 Cr4 Cr2 Cr6 Cr8 Cr10 Cr10 Cr
Interest4 Cr5 Cr8 Cr8 Cr11 Cr12 Cr13 Cr10 Cr13 Cr18 Cr18 Cr15 Cr
Depreciation5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr6 Cr7 Cr7 Cr9 Cr8 Cr
Profit before tax7 Cr63 Cr119 Cr126 Cr138 Cr142 Cr150 Cr130 Cr122 Cr42 Cr66 Cr71 Cr
Tax %20.5%28.0%24.7%26.2%26.7%26.5%26.6%25.3%25.4%24.1%42.1%27.4%
Net profit6 Cr45 Cr90 Cr93 Cr101 Cr104 Cr110 Cr97 Cr91 Cr32 Cr38 Cr52 Cr
EPS (₹)₹3.19₹24.59₹48.66₹46.24₹50.62₹8.66₹9.17₹8.05₹7.35₹2.57₹3.11₹4.18

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales429 Cr437 Cr546 Cr383 Cr930 Cr1,179 Cr968 Cr1,371 Cr2,516 Cr2,698 CrSign in free for the trailing twelve months
Operating expenses (approx.)369 Cr359 Cr457 Cr371 Cr788 Cr1,068 Cr901 Cr1,146 Cr1,913 Cr2,276 CrSign in free for the trailing twelve months
EBITDA60 Cr77 Cr89 Cr12 Cr142 Cr110 Cr67 Cr225 Cr603 Cr422 CrSign in free for the trailing twelve months
OPM %14.1%17.7%16.3%3.2%15.3%9.4%6.9%16.4%24.0%15.6%Sign in free for the trailing twelve months
Other income2 Cr3 Cr4 Cr4 Cr4 Cr6 Cr3 Cr4 Cr17 Cr25 CrSign in free for the trailing twelve months
Interest17 Cr14 Cr18 Cr21 Cr16 Cr16 Cr19 Cr19 Cr44 Cr59 CrSign in free for the trailing twelve months
Depreciation13 Cr14 Cr15 Cr17 Cr18 Cr19 Cr18 Cr19 Cr20 Cr28 CrSign in free for the trailing twelve months
Profit before tax33 Cr53 Cr60 Cr-22 Cr111 Cr82 Cr32 Cr190 Cr556 Cr359 CrSign in free for the trailing twelve months
Tax %34.9%35.6%25.0%35.0%32.1%21.3%25.2%25.4%26.5%28.3%Sign in free for the trailing twelve months
Net profit22 Cr34 Cr45 Cr-14 Cr76 Cr65 Cr24 Cr142 Cr408 Cr258 CrSign in free for the trailing twelve months
EPS (₹)₹11.78₹18.56₹24.52₹-7.66₹41.12₹35.26₹13.13₹76.91₹33.97₹21.02Sign in free for the trailing twelve months
Dividend payout %————0.0%22.7%15.2%2.6%2.0%4.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr18 Cr20 Cr120 Cr123 Cr
Reserves205 Cr235 Cr272 Cr247 Cr322 Cr375 Cr400 Cr736 Cr1,041 Cr1,582 Cr
Borrowings83 Cr106 Cr170 Cr185 Cr90 Cr105 Cr73 Cr83 Cr168 Cr486 Cr
Other liabilities113 Cr98 Cr123 Cr91 Cr240 Cr365 Cr234 Cr612 Cr646 Cr856 Cr
Total liabilities419 Cr457 Cr583 Cr541 Cr670 Cr864 Cr725 Cr1,450 Cr1,974 Cr3,048 Cr
Fixed assets (net)121 Cr120 Cr138 Cr149 Cr143 Cr141 Cr142 Cr145 Cr222 Cr264 Cr
CWIP—0.24 Cr11 Cr0.46 Cr0.58 Cr0.50 Cr1 Cr38 Cr33 Cr12 Cr
Investments0.0002 Cr0.0002 Cr0.0002 Cr0.0002 Cr0 Cr0.0002 Cr0.0002 Cr0.0002 Cr0 Cr0 Cr
Inventories104 Cr116 Cr136 Cr145 Cr133 Cr216 Cr207 Cr298 Cr342 Cr456 Cr
Trade receivables138 Cr143 Cr181 Cr125 Cr265 Cr383 Cr244 Cr667 Cr1,049 Cr1,276 Cr
Cash & bank4 Cr10 Cr5 Cr7 Cr22 Cr31 Cr11 Cr191 Cr57 Cr439 Cr
Other assets52 Cr67 Cr112 Cr114 Cr107 Cr92 Cr120 Cr113 Cr273 Cr602 Cr
Total assets419 Cr457 Cr583 Cr541 Cr670 Cr864 Cr725 Cr1,450 Cr1,974 Cr3,048 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity53 Cr20 Cr-2 Cr50 Cr121 Cr17 Cr39 Cr54 Cr20 Cr124 Cr
Cash from investing-17 Cr-19 Cr-44 Cr-35 Cr0.15 Cr-8 Cr-12 Cr-67 Cr-198 Cr-286 Cr
Cash from financing-33 Cr6 Cr42 Cr-14 Cr-106 Cr0.28 Cr-47 Cr192 Cr44 Cr544 Cr
Net cash flow2 Cr6 Cr-5 Cr1 Cr15 Cr10 Cr-20 Cr180 Cr-134 Cr382 Cr
Free cash flow (OCF − Capex)37 Cr8 Cr-50 Cr31 Cr107 Cr-4 Cr15 Cr33 Cr-88 Cr-56 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.2%18.6%16.9%-0.2%29.6%19.7%10.5%25.0%45.2%19.1%
ROE %9.7%13.4%15.5%-5.3%22.2%16.5%5.8%18.8%35.2%15.1%
Debtor days11712012011910411892178152172
Inventory days16717914919876821011108085
Days payable947779719310862161108122
Cash conversion cycle1912221902478692131127123135
OCF / EBITDA %87.4%25.3%-2.6%411.0%84.9%15.4%58.1%24.2%3.4%29.4%
OCF / EBITDA % (3 years)——30.9%37.8%69.3%71.0%55.3%27.4%12.7%15.9%
Debt / equity0.370.420.580.700.260.270.180.110.140.29
Current ratio1.601.861.611.531.711.591.941.822.272.12
Net debt / EBITDA1.311.231.8414.520.480.670.94-0.480.180.11