Shakti Pumps (India) Limited (SHAKTIPUMP)

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Shakti Pumps (India) Limited (SHAKTIPUMP) · mywealthgrid

About

Shakti Pumps manufactures compressors, pumps, and diesel engines within the industrials sector, with a ₹6,173.7 Cr market capitalisation. The company operates as a mid-cap industrial products manufacturer.

Face value: ₹10

Market cap

₹5,604 Cr

P/E

26.4×

P/B

3.3×

Dividend yield

0.4%

ROE

18%

ROCE

27.2%

Debt / equity

0.29

OPM

15.6%

EPS (TTM)

₹17.2

Book value

₹138.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin compression: OPM fell sharply from 20.4% (Sep 2025) to 7-10% (Mar-Jun 2026); verify root cause (cost inflation, pricing pressure, or product mix) and whether decline is temporary or structural

Valuation-profitability mismatch: PE of 29.08 with stock down 42.59% in 1y despite ROE of 17.97%; verify if high multiple reflects unachieved recovery targets or if sector headwinds justify the rerating

Earnings deterioration: Net profit fell from ₹90.71 Cr (Sep 2025) to ₹30-51 Cr range (Dec 2025-Jun 2026); verify if decline reflects temporary cycle or operational issues

Valuation cushion: High PE of 29.08 leaves minimal room for earnings disappointment given margin compression from prior-year levels

Generated analysis · source review pending

Growth drivers

Margin recovery potential: OPM reached 20.4% in Sep 2025 but compressed to 7-10% in recent quarters; recovery to prior levels would scale EPS proportionally from current base

Conservative leverage: D/E ratio of 0.29 provides balance-sheet capacity for growth capex if opportunities emerge; verify management plans and intended capital deployment

Cash generation demonstrated: ROE of 17.97% and four dividend payments in 12 months show profitable capital deployment and earnings reinvestment capability

Sector positioning: Pumps and diesel engines serve industrial applications across multiple end-markets; verify current sector cycle stage, order book momentum, and addressable market size

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹454.1-0.9%1Y

Quick read

rule-based

Pros

+Strong return on equity of 28.2% (3-yr avg)
+High return on capital employed of 40.6%
+Profit CAGR of 27.8% over the last 5 years
+Revenue CAGR of 23.7% over the last 5 years

Cons

−Low dividend payout of 11.6% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

64/100

Business quality: 58
Growth: 75
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Cummins India LimitedCUMMINSINDCUMMINSIND	₹1,34,719 Cr	₹1,34,719 Cr	₹12,662 Cr	₹2,588 Cr	21.4%	₹2,367 Cr	19.5%	34.7%	29.5%	60
Kirloskar Oil Engines LimitedKIRLOSENGKIRLOSENG	₹32,609 Cr	₹37,923 Cr	₹7,937 Cr	₹1,389 Cr	18.4%	₹535 Cr	7.3%	18.8%	16.8%	28
Elgi Equipments LimitedELGIEQUIPELGIEQUIP	₹18,528 Cr	₹18,932 Cr	₹4,146 Cr	₹613 Cr	14.7%	₹448 Cr	10.9%	28.4%	21%	114
Kirloskar Brothers LimitedKIRLOSBROSKIRLOSBROS	₹14,035 Cr	₹14,222 Cr	₹4,664 Cr	₹548 Cr	12%	₹373 Cr	8.3%	20.8%	16.4%	68
Ksb LimitedKSBKSB	₹14,032 Cr	₹14,032 Cr	₹2,726 Cr	₹347 Cr	13.9%	₹246 Cr	10%	22.6%	17.1%	204
Ingersoll Rand (India) LimitedINGERRANDINGERRAND	₹13,142 Cr	₹13,142 Cr	₹1,450 Cr	₹348 Cr	23.9%	₹266 Cr	18.4%	56.9%	41.8%	179
Shakti Pumps (India) LimitedSHAKTIPUMPSHAKTIPUMP	₹5,604 Cr	₹6,090 Cr	₹2,934 Cr	₹361 Cr	15.6%	₹212 Cr	9.6%	27.2%	18%	134
Greaves Cotton LimitedGREAVESCOTGREAVESCOT	₹5,265 Cr	₹5,591 Cr	₹3,665 Cr	₹239 Cr	7%	₹100 Cr	1%	9.9%	7.6%	-6
Kirloskar Pneumatic Company LimitedKIRLPNUKIRLPNU	₹4,433 Cr	₹4,435 Cr	₹1,808 Cr	₹370 Cr	20%	₹263 Cr	14.2%	29.2%	21.8%	90
Swaraj Engines LimitedSWARAJENGSWARAJENG	₹4,287 Cr	₹4,287 Cr	₹2,111 Cr	₹282 Cr	13.6%	₹202 Cr	9.8%	57.6%	43.2%	-3
Oswal Pumps LimitedOSWALPUMPSOSWALPUMPS	₹3,012 Cr	₹3,250 Cr	₹2,024 Cr	₹447 Cr	24.9%	₹336 Cr	18.2%	46.3%	35.1%	218
Yuken India LimitedYUKENYUKEN	₹1,552 Cr	₹1,656 Cr	₹492 Cr	₹53 Cr	10.9%	₹16 Cr	3.1%	8.7%	4.3%	170

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	167	167	383	930	1,179	968	1,371	2,516	2,698
COGS	91	91	249	657	905	743	920	1,567	1,853
Gross profit	75	75	134	273	274	224	451	949	844
	52	52	122	131	163	158	226	346	423
	23	23	12	142	110	67	225	603	422
OPM %	14%	14%	3.2%	15.3%	9.4%	6.9%	16.4%	24%	15.6%
Depreciation	3	3	17	18	19	18	19	20	28
Interest	4	4	21	16	16	19	19	44	59
	2	2	4	4	6	3	4	17	25
Profit before tax	18	18	-22	111	82	32	190	556	359
Tax	6	6	-8	36	18	8	48	147	102
Tax %	32.5%	32.5%	-35%	32.1%	21.3%	25.2%	25.4%	26.5%	28.3%
	12	12	-14	76	65	24	142	408	258
PAT margin %	7.1%	7.1%	-3.7%	8.1%	5.5%	2.5%	10.3%	16.2%	9.6%
EPS (₹)	6.5	6.5	-7.7	41.1	35.3	13.1	76.9	34	21
EPS adjusted (₹)	—	—	-1.3	6.9	5.9	2.2	11.8	34	20.9
	31%	57.4%	—	19.5%	5.7%	15.2%	5.2%	2.9%	4.8%
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	18	18	18	18	20	120	123
Reserves	—	322	375	400	736	1,041	1,582
	—	90	105	73	83	168	486
	—	240	365	234	612	646	856
Total equity & liabilities	—	670	864	725	1,450	1,974	3,048
	153	147	146	147	149	227	269
CWIP	—	1	1	1	38	33	12
Investments	—	0	0	0	0	0	0
	—	523	717	577	1,263	1,715	2,767
Total assets	—	670	864	725	1,450	1,974	3,048

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
India	2,688.93	403.64	2,971.57	1,333.02	1,638.55	24.63
Overseas	109.99	14.58

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	45.3%	35%	29.4%	23.2%	23.2%	32.9%	37.7%	31.3%
EBITDA margin %	14%	3.2%	15.3%	9.4%	6.9%	16.4%	24%	15.6%
EBIT margin %	12%	-1.3%	13.3%	7.8%	5%	15%	23.2%	14.6%
PAT margin %	7.1%	-3.7%	8.1%	5.5%	2.5%	10.3%	16.2%	9.6%
Working capital
Receivable days	—	—	104	119	92	178	152	173
Inventory days	—	—	74	87	102	118	80	90
Payable days	—	—	91	115	62	172	108	129
NWC days	—	—	87	91	131	123	124	134
Leverage
Current ratio	—	—	1.71	1.59	1.94	1.82	2.27	2.12
Debt to EBITDA	—	—	0.63	0.95	1.1	0.37	0.28	1.15
Debt to equity	—	—	0.26	0.27	0.18	0.11	0.14	0.29
Interest coverage	5.3	-0	7.9	6.3	2.7	10.7	13.6	7.1
Asset turnover	—	—	1.39	1.36	1.33	0.95	1.27	0.88
Return ratios
Return on assets %	—	—	11.3%	7.5%	3.3%	9.8%	20.7%	8.4%
Return on capital employed %	—	—	33.7%	24.7%	12.1%	34.9%	59.8%	27.2%
Return on equity %	—	—	22.2%	16.5%	5.8%	18.8%	35.2%	15.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	56.22%	56.22%	51.58%	51.58%	51.58%	51.58%	51.61%	50.27%	50.3%	50.34%	50.35%	50.36%
	0.64%	0.49%	0.77%	2.32%	3.36%	3.16%	5.16%	5.72%	5.6%	5.34%	4.83%	5.08%
	0.22%	0.31%	8.68%	6.84%	6.78%	5.27%	4.32%	6.42%	6.71%	6.3%	4.97%	2.39%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	42.92%	42.98%	38.97%	39.26%	38.28%	39.99%	38.91%	37.59%	37.39%	38.02%	39.85%	42.17%
No. of shareholders	—	—	—	—	—	—	—	—	2,39,674	2,40,021	2,47,997	2,56,595

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 5 fund houses

Held by these funds

1.91%

of the company's equity

All mutual funds

2.33%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

16 schemes · 5 fund houses

		Shares
MF MULTI CAP FUND	LIC Mutual Fund	5.57 L	27.11	1.2%	0.452%	-0
MF ELSS TAX SAVER FUND ( Erstwhile LIC MF ELSS Tax Saver )NEW	LIC Mutual Fund	2.26 L	10.97	1.07%	0.183%	—
(LIVE SCHEMES)	ITI Mutual Fund	1.91 L	9.28	0.6%	0.155%	-0
MF SMALL CAP FUND	LIC Mutual Fund	1.79 L	8.69	1.04%	0.145%	-0
Multi Cap FUND	Bank of India Mutual Fund	1.7 L	8.29	0.62%	0.138%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.58 L	7.68	0.31%	0.128%	-3,458
Manufacturing and Infrastructure Fund	Bank of India Mutual Fund	1.55 L	7.55	0.8%	0.126%	-0
MF MID CAP FUND	LIC Mutual Fund	1.44 L	7	1.79%	0.117%	-0

1–8 of 16

1 / 2

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

We hereby inform that the India Ratings & Research Private Limited has assigned the Credit Ratings.29 Sept 2026 from India Ratings

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

62 announcementsExport CSV

29 Sept 2026, 6:15 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

28 Sept 2026, 3:14 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

16 Sept 2026, 6:15 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

16 Sept 2026, 5:58 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

16 Sept 2026, 4:02 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

14 Sept 2026, 5:46 pmCompany Update

Announcement under Regulation 30 (LODR)-Acquisition

Acquisition PDF

12 Sept 2026, 11:47 amInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 PDF

10 Sept 2026, 3:54 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
29 Sept 2026, 6:15 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
28 Sept 2026, 3:14 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	45.3%	35%	29.4%	23.2%	23.2%	32.9%	37.7%	31.3%
EBITDA margin %	14%	3.2%	15.3%	9.4%	6.9%	16.4%	24%	15.6%
EBIT margin %	12%	-1.3%	13.3%	7.8%	5%	15%	23.2%	14.6%
PAT margin %	7.1%	-3.7%	8.1%	5.5%	2.5%	10.3%	16.2%	9.6%
Working capital
Receivable days	—	—	104	119	92	178	152	173
Inventory days	—	—	74	87	102	118	80	90
Payable days	—	—	91	115	62	172	108	129
NWC days	—	—	87	91	131	123	124	134
Leverage
Current ratio	—	—	1.71	1.59	1.94	1.82	2.27	2.12
Debt to EBITDA	—	—	0.63	0.95	1.1	0.37	0.28	1.15
Debt to equity	—	—	0.26	0.27	0.18	0.11	0.14	0.29
Interest coverage	5.3	-0	7.9	6.3	2.7	10.7	13.6	7.1
Asset turnover	—	—	1.39	1.36	1.33	0.95	1.27	0.88
Return ratios
Return on assets %	—	—	11.3%	7.5%	3.3%	9.8%	20.7%	8.4%
Return on capital employed %	—	—	33.7%	24.7%	12.1%	34.9%	59.8%	27.2%
Return on equity %	—	—	22.2%	16.5%	5.8%	18.8%	35.2%	15.1%

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Vintex Tools & Machineries Private LimitedPromoter Group	BuyMarket Purchase	12,000	₹97.36 L	3.95% → 3.96%	30 Aug 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

123 deals · 18 Jan 2022 – 6 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Jul 2026	QE SECURITIES LLP	Bulk	NSE	Buy	8,66,363	₹600.60	₹52.03 Cr
6 Jul 2026	QE SECURITIES LLP	Bulk	NSE	Sell	8,23,727	₹608.03	₹50.09 Cr
6 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	6,96,254	₹606.72	₹42.24 Cr
6 Jul 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	6,96,254	₹606.43	₹42.22 Cr
6 Jul 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	6,38,393	₹612.85	₹39.12 Cr
6 Jul 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	6,38,393	₹613.51	₹39.17 Cr
6 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Buy	6,36,886	₹606.40	₹38.62 Cr
6 Jul 2026	JUNOMONETA FINSOL PRIVATE LIMITED	Bulk	NSE	Sell	6,34,844	₹606.80	₹38.52 Cr
18 Dec 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	12,20,389	₹727.34	₹88.76 Cr
18 Dec 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	11,73,725	₹725.18	₹85.12 Cr

1–10 of 123

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	121	17	39	54	20	124
	0	-8	-12	-67	-198	-286
	-106	0	-47	192	44	544
Net cash flow	15	10	-20	180	-134	382
Free cash flow	108	-4	15	33	-87	-39
CFO / Operating profit %	84.9%	15.4%	58.1%	24.2%	3.4%	29.4%

Shakti Pumps (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

19

1

2

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

India · revenue

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Shakti Pumps (India) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Dividends19

Board meetings1

Bonus issues2

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

India · revenue

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

19

1

2