SHAKTI PUMPS LTD - Q3 FY 21 - RESULTS ANALYSIS

 

SHAKTI PUMPS LTD

Q3 FY 21 RESULTS ANALYSIS

 

Welcome to Shakti

 

Shakti is one of the pioneers in manufacturing of energy efficient pumps and motors. With its latest series of new advanced solar energy operated pumps it has emerged as a prestigious brand in domestic and international markets. 

 

"Shakti" brand products are well received in the market as they are conforming to national and international standards coupled with superior quality and durability. Shakti offers advanced water pumping solutions to a wide range of applications such as irrigation – flood and micro irrigation, horticulture, domestic water supply, commercial and industrial applications and so on. 

 

With a leading position in solar pump markets in India, Shakti exports a wide range of pumping products to over 100 countries globally.

 

we are proud to say that we have achieved our goal “to become the best in class pumping solution provider” on a global scale”.

 

Quality and energy efficiency are our hallmarks that instills pride in us as a pioneer in manufacture of stainless steel submersible pumps and motors. With commitment to sustainable energy goals and climate change mitigation efforts, we have diversified into solar energy operated pumps and rooftop products and have a cumulative installed capacity of over 200MW which itself manifest our commitments to green energy initiatives.

 

SCALE

 

A manufacturing capacity of 5 lac pumps per annum ensures that we are able to meet the surging demand for solar pumps from across the globe

 

PRESENCE

 

We are present across all Indian states connected by many dealers and in 125+ countries around the world connected by other dealers.

 

 Applications

 

Shakti Pumps provides a range of solutions in many areas with its array of world class, cost & energy efficient pumps . Domestic;Agri; Industrial; Commercial Building sector; Solar Pumps; Sewage and drainage;

 

Management

 

    Dinesh Patidar  :      Managing Director

    Sunil Patidar     :       Whole Time Director

    Ramesh Patidar  :     Whole Time Director

 

 

Shakti Pumps (India) (in Rs. Cr.)	Dec'20	Sep '20	Jun '20	Mar '20	Dec '19	YOY	QOQ
Net Sales	316.66	201.09	92.2	92.56	93.28	239.47	57.47
Raw Materials	221.14	128.01	55.83	63.5	52.94	317.72	72.75
Increase/Decrease in Stocks	2.83	13.78	--	0.07	9.81	-71.15	-79.46
Employees Cost	12.57	9.85	8.02	13.59	12.9	-2.56	27.61
Depreciation	4.58	4.64	4.6	4.43	4.38	4.57	-1.29
Other Expenses	30.11	18.66	8.29	18.03	17.87	68.49	61.36
TOTAL EXP	275.35	179.26			103.2	166.81	53.6
PBEI&TAX	41.97	22.48			-8.75	-579.66	86.7
Other Income	0.67	0.65	1.05	1.22	1.16	-42.24	3.08
Interest	4.12	4.33	4.51	5.83	5.31	-22.41	-4.85
P/L Before Tax	41.97	22.48	3.24	-11.67	-8.75	-579.66	86.7
Tax	15.44	7.23	-0.07	-5.53	-0.05	-30980	113.55
NPT	26.53	15.24	3.31	-6.15	-8.7	-404.94	74.08
Equity Share Capital	18.38	18.38	18.38	18.38	18.38	0	0
Basic EPS	14.44	8.29	1.8	-3.34	-4.73	-405.29	74.19

 

segment Revenue (lakhs)	Q3FY21	Q2FY21	Q3FY20	9M
India	33,104.66	27,770.O4	9,200.80	61,275.77
Overseas	3,523.32	2,607.80	1,976.57	8,446.40
TOTAL	36,627.94	23,777.44	11,177.38	71,721.57
Inter seg	-4,895.61	-3,603.82	-1,733.09	-10,489.55
income from operations	31,732.37	20,174.O3	9,444.24	61,232.O2
PBT	4,197.26	2,247.63	-875.26	6,769.39

 

 

Basic EPS      14.44     8.29

MP                359

PE                 10.83

52 Week Range  :  L 101  H 394.30

Volume         10,928

 

Shakti Pumps shares closed at 394.30 on January 19, 2021 (NSE) and has given multibagger returns over the last 6 months.

 

Shareholding Pattern

 

Promoters have increased holdings from 54.21% to 54.66% in Dec 2020 qtr.

Institutional Investors have increased holdings from 2.23% to 2.7% in Dec 2020 qtr.

 

Q3 not one-off exceptional quarter; expect strength to continue, says Shakti Pumps

 

Updated : January 19, 2021 11:40 AM IST

Government’s Kusum Yojana has worked well for Shakti Pumps, said Akhilesh Maru, Associate Director-Corporate Strategy at the firm on Tuesday. He also said that the Q3 was not a one-off exceptional quarter and the company expects strength to continue. Shakti Pumps manufactures submersible pumps for domestic, industrial, horticultural and agricultural use.

 

Speaking in an interview with CNBC-TV18, Maru said, “This is surely not the one-off kind of number; a bit of a delay is always possible while doing a business with the government but now there is a consistency in order. Q2 was around Rs 200 crore (order), Q3 was around Rs 300 crore and we expect a similar kind of number in future quarters as well.”

Shakti Pumps’ Maru also said, “In our total business solar energy contributes 70 percent and we have a large number of orders pending there.”

On the growth front, he said, “This year we are targeting profit around 7-7.5 percent; last year we had losses so we are in a recovery phase and we are getting good growth.”