Shakti Pumps (India) Ltd
BSE:531431
Shakti Pumps (India) Ltd
Shakti Pumps (India) Ltd. engages in the manufacture and sale of various types of pumps and motors. The company is headquartered in Dhar, Madhya Pradesh and currently employs 528 full-time employees. Its products include Submersible pumps, Solar Pumps, Vertical Multistage Centrifugal Pumps, Monoblock End Suction Pumps, Pressure Booster Pumps, Waste Water Pumps, Openwell Pumps, Shallow Well & Slow Speed Pumps, Immersible Pump, Single shaft vertical multistage Pump-RO Series, Shakti Solar Open well-DCSOP Series and others. The company offers water pumping solutions for a range of applications, such as irrigation-flood and micro irrigation, horticulture, domestic water supply, commercial and industrial applications and others. The Company’s product portfolio caters for applications, such as agriculture, irrigation, industrial applications and processes, pressure boosting in high rise buildings, rural/urban community water supply schemes, waste and sewage water treatments, firefighting. The company exports a range of pumping products to over 100 countries globally.
Shakti Pumps (India) Ltd. engages in the manufacture and sale of various types of pumps and motors. The company is headquartered in Dhar, Madhya Pradesh and currently employs 528 full-time employees. Its products include Submersible pumps, Solar Pumps, Vertical Multistage Centrifugal Pumps, Monoblock End Suction Pumps, Pressure Booster Pumps, Waste Water Pumps, Openwell Pumps, Shallow Well & Slow Speed Pumps, Immersible Pump, Single shaft vertical multistage Pump-RO Series, Shakti Solar Open well-DCSOP Series and others. The company offers water pumping solutions for a range of applications, such as irrigation-flood and micro irrigation, horticulture, domestic water supply, commercial and industrial applications and others. The Company’s product portfolio caters for applications, such as agriculture, irrigation, industrial applications and processes, pressure boosting in high rise buildings, rural/urban community water supply schemes, waste and sewage water treatments, firefighting. The company exports a range of pumping products to over 100 countries globally.
Strategic Slowdown: Shakti Pumps intentionally slowed project execution in Q3 FY '26, especially in Maharashtra, to address high receivables and protect the balance sheet, resulting in lower revenue and margin pressure.
Paused Orders: The company temporarily paused execution of orders worth approximately INR 200 crores, further impacting reported revenue and profitability.
Margins Impacted: Margins were hurt by lower realizations, rising raw material costs (copper, steel, solar panels), higher employee costs, and a one-time manpower expense due to new labor codes.
Stabilizing Working Capital: Working capital position showed signs of stabilization, with trade receivables remaining broadly stable compared to the previous quarter.
Order Book Strength: The order book remains robust at approximately INR 2,100 crores, with diversified representation across multiple Indian states.
Export Growth: Export business performed well, with 25% year-on-year growth in retail exports and revenue of INR 307 crores for 9M FY '26 and INR 105 crores in Q3 FY '26.
Guidance Maintained: Management expects execution momentum to improve in Q4 FY '26, anticipating it to be the highest revenue quarter ever and aiming to meet full-year revenue guidance.
Emerging Businesses: New business areas such as solar rooftop and case sales showed strong growth, with plans for further expansion as new capacity comes online.
