Throughout Tuesday’s buying and selling session, the shares of India’s main producer of energy-efficient pumps and motors surged 4.4 % to hit an intraday excessive at Rs. 1,090 on BSE.
Over the previous six months, from 1st July 2024 to the current date, Shakti Pumps (India) Restricted has secured orders value greater than Rs. 1,400 crores.
Inventory Efficiency
With a market cap of Rs. 14,679 crores, the shares of Shakti Pumps (India) Restricted closed within the inexperienced at Rs. 1,221.1, up by practically 4.1 %, as towards its earlier closing value of Rs. 1,173.15.
The inventory has delivered multibagger returns of practically 637 % in a single yr, whereas round 72.7 % of optimistic returns within the final six months. The shares of Shakti Pumps have given optimistic returns of about 55.5 % within the final one month.
Whole orders in final 6 months
sixteenth July: secured order value practically Rs. 33.5 crores from Maharashtra Power Division Company (MEDA) for 1200 off-grid Photo voltaic Photovoltaic Water Pumping System (SPWPS).
2nd August: order value round Rs. 558.2 crores from the Division of Agriculture, Uttar Pradesh, for the availability, set up and commissioning of 12,537 photo voltaic water pumps.
tenth August: obtained its first order, valued at Rs. 8.5 crores, from Uttarakhand underneath the Minor Irrigation Division for design, manufacture, provide, transport, set up, testing and commissioning of 200 Photo voltaic Photovoltaic Water Pumping System (SPWPS) at varied places in Uttarakhand.
twenty third August: order value Rs. 9.4 crores obtained from the Division of Agriculture, Jharkhand, for the design, manufacture, provide, transport, set up, testing and commissioning of 400 photo voltaic water pumping programs.
sixth November: order value Rs. 116.4 crores obtained from Haryana Renewable Power Division (HAREDA) for provide, set up and commissioning of three,174 photo voltaic water pumps.
twelfth December: order value Rs. 754.3 crores obtained from Maharashtra
State Electrical energy Distribution Firm Restricted (MSEDCL) for 25,000 Standalone Off-Grid DC Photo voltaic Photovoltaic Water Pumping Programs (SPWPS) pumps for the whole state of Maharashtra.
Financials
Shakti Pumps reported a big progress in income from operations, experiencing a year-on-year rise of practically 315.4 %, from Rs. 152.8 crores in Q2 FY24 to Rs. 634.6 crores in Q2 FY25.
Equally, its web revenue elevated throughout the identical interval from Rs. 6 crores to Rs. 101.4 crores, representing an increase of practically 1,633.3 % YoY.
EBITDA for Q2 FY25 reached Rs. 148.7 crores, representing a rise of round 878.4 % YoY from Rs. 15.2 cores in Q2 FY24, with an EBITDA Margin of 23.4 %, up from 10 %, throughout the identical interval. This was largely as a result of greater execution of orders and economies of scale.
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Order E book
As of September 2024, the corporate’s excellent order e book stood at round Rs. 1,800 crores. In Q2 FY25, SPIL secured a contract value $35.3 million from the Authorities of Uganda for supplying solar-powered water pumping.
Shakti Pumps stays targeted on increasing its presence within the retail enterprise in addition to the EV enterprise, which might contribute to a sustained monetary efficiency sooner or later.
Key Monetary Ratios
By way of key monetary metrics, Shakti Pumps has a Return on Fairness (RoE) of 24.2 % and a return on capital employed (RoCE) of 31.4 %. Moreover, the corporate’s debt-to-equity ratio stands at 0.17.
Concerning the firm
Based in 1982, Shakti Pumps (India) Restricted (SPIL) is engaged in manufacturing photo voltaic pumps, energy-efficient stainless-steel submersible pumps, strain booster pumps, pump motors, and different merchandise and spare components.
SPIL is the one firm that manufactures a variety of merchandise for photo voltaic pump set up in-house, together with variable frequency drives, buildings, motors, inverters, and so forth.
Written by Shivani Singh
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