Shakti Pumps India Ltd

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• DebtHigh safetyRated AA- by India Ratings.
• ResultsProfit fallingIn the Sep 2026 quarter, sales rose 12% and profit fell 57% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 50% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 28.1 times its yearly earnings (P/E), pricier than 59% of the time in the last 5 years. Its usual P/E is about 18.

Shakti Pumps India Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)28.1 against a typical 35.1: cheaper than most peers (1st = cheapest).4th of 15
• Sales growth+12% against a typical +14.8% from a year earlier.11th of 15
• Profit growth−57.1% against a typical +18.6% from a year earlier.14th of 15
• Share price, 3 months−30.5% against a typical −13.5%.13th of 14

Exchange filings and their impact on the company.

• 23 Oct 2026Outcome of Board MeetingHigh impactNegativePrice −5.1% on 26 Oct
  Q2 profit halved as margins collapsed and borrowings surged despite higher sales.

  Shakti Pumps reported weak Q2 FY27 results with consolidated revenue of Rs 746 cr, up 12% from last year but down from Q1, while net profit fell to Rs 38.5 cr from Rs 90.7 cr last year. For the first half, revenue grew 24.5% to Rs 1605 cr but profit halved to Rs 90 cr as operating margins dropped to around 9% from over 21%. Trade receivables jumped to Rs 1964 cr, borrowings rose to Rs 939 cr and operating cash flow was negative Rs 448 cr, showing growth is coming with much higher working capital and debt.

  Full analysisFiling
• 22 Oct 2026AcquisitionLow impactPositivePrice −0.8% that day
  Shakti Pumps invested Rs 12 cr more in its EV motors subsidiary to scale up.

  Shakti Pumps (India) invested Rs 12 crore in its wholly owned subsidiary Shakti EV Mobility Private Limited by subscribing to 1.2 crore shares at Rs 10 each, taking its total investment to Rs 92 crore. The subsidiary, which makes EV motors and chargers, had assets of Rs 128.57 crore and turnover of Rs 24.25 crore in FY26, up from Rs 3.73 crore in FY25. The infusion is to expand the EV business and is small relative to the parent's scale.

  Full analysisFiling
• 12 Oct 2026AcquisitionLow impactNeutralPrice +1.8% on 13 Oct
  Shakti Pumps put Rs 10 crore into its wholly-owned subsidiary, a tiny balance-sheet move.

  Shakti Pumps (India) has invested Rs 10 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited. The infusion was disclosed on October 12, 2026 under Regulation 30. At under 1% of net worth and revenue, it is a routine capital allocation with no meaningful near-term impact on earnings.

  Full analysisFiling
• 12 Oct 2026AcquisitionLow impactNeutralPrice +1.8% on 13 Oct
  Rs 5 cr seed into EV subsidiary; negligible 12-month impact.

  Shakti Pumps (India) has invested Rs 5 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited. The amount is very small compared to its FY26 revenue of Rs 2,698 crore and net worth of Rs 1,705 crore. The move seeds its EV mobility foray with no meaningful impact on near-term financials.

  Full analysisFiling
• 8 Oct 2026AcquisitionLow impactPositivePrice −1.8% on 9 Oct
  Shakti Pumps infused Rs 10 cr into its WOS for a 2.2 GW solar cell/module plant – small initial outlay for a large strategic expansion.

  Shakti Pumps (India) invested Rs 10 crore in cash in its wholly owned subsidiary Shakti Energy Solutions Limited on 8 Oct 2026. The funds are for setting up a greenfield 2.20 GW high-efficiency Solar DCR cell and Solar PV module plant in Pithampur, Madhya Pradesh. The subsidiary had turnover of Rs 239.11 crore in FY26; the Rs 10 crore tranche is small versus the parent's scale and the plant is yet to be built, so no near-term earnings impact.

  Full analysisFiling
• 6 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice +1.3% that day
  Won Rs 112 cr MSEDCL solar pump order for fast 60-day execution, adding ~4% to annual revenue.

  Shakti Pumps received a Letter of Empanelment from Maharashtra State Electricity Distribution Company for 4,755 off-grid solar water pumps of 3HP, 5HP and 7.5HP under the Magel Tyala Saur Krushi Pump Yojana. The order is worth Rs 103.01 crore excluding GST (Rs 112.18 crore inclusive of GST) for design, supply, installation and commissioning across Maharashtra. It is to be executed within 60 days of the work order, adding about 4% to annual sales and supporting near-term growth in its solar pump business.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Dinesh Patidar

Executive Chairman of the Board

Dinesh Patel

Chief Financial Officer

Ravi Patidar

Compliance Officer, Managing Director, Company Secretary

Ramesh Patidar

Managing Director, Executive Director

Ashwin Bhootda

Whole-Time Director

Sunil Patidar

Whole Time Director