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BSE: 531431 | NSE: SHAKTIPUMP | Compressors / Pumps | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Shakti Pumps (India) Ltd is a average quality company.
The key valuation ratios of Shakti Pumps (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Shakti Pumps (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.7% | 12.5% | 3.8% | 10.6% | 11.1% | 10.9% | -1.7% | 18% | 16.1% | 8.3% | - |
| Value Creation Index ⓘ | 0.1 | -0.1 | -0.7 | -0.2 | -0.2 | -0.2 | -1.1 | 0.3 | 0.2 | -0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 297 | 299 | 264 | 409 | 413 | 521 | 357 | 887 | 1,124 | 923 | 880 |
| Sales YoY Gr. | - | 0.7% | -11.6% | 55.2% | 0.9% | 26.1% | -31.5% | 148.5% | 26.7% | -17.9% | - |
| Adj EPS ⓘ | 17.2 | 15.2 | 1.2 | 11.8 | 15 | 17.1 | -11.1 | 33.3 | 30.3 | 13.1 | 25.3 |
| YoY Gr. | - | -11.6% | -92.3% | 905.1% | 27.6% | 14% | -165% | NA | -9.1% | -56.9% | - |
| BVPS (₹) ⓘ | 76.5 | 105.7 | 99 | 122.8 | 135.5 | 148.3 | 130.8 | 164.4 | 186.5 | 197.6 | 302.3 |
| Adj Net Profit ⓘ | 26.5 | 25.7 | 2 | 21.8 | 27.9 | 31.4 | -20.4 | 61.2 | 55.6 | 24 | 51 |
| Cash Flow from Ops. ⓘ | 17.9 | -4.3 | 34 | 52.4 | 21.2 | -6.7 | 52.9 | 132 | 5.2 | 32 | - |
| Debt/CF from Ops. ⓘ | 6.3 | -23.7 | 3 | 1.7 | 5.2 | -24.8 | 3.4 | 0.5 | 19 | 2.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.5% | 17.5% | 37.3% | -17.9% | ||||
| Adj EPS ⓘ | -3% | -2.8% | NA | -56.9% | ||||
| BVPSⓘ | 11.1% | 7.8% | 14.7% | 6% | ||||
| Share Price | 33% | 30.5% | 49% | 261% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21.6 | 14.9 | 1 | 10.1 | 11.7 | 12.1 | -8 | 22.6 | 17.2 | 6.8 | 10.1 |
| Op. Profit Mgn % ⓘ | 15.1 | 15.6 | 8 | 14.4 | 16.9 | 14.3 | 0.6 | 13.6 | 7.9 | 6.3 | 9.6 |
| Net Profit Mgn % ⓘ | 8.9 | 8.6 | 0.8 | 5.3 | 6.7 | 6 | -5.7 | 6.9 | 5 | 2.6 | 5.8 |
| Debt to Equity ⓘ | 1 | 0.5 | 0.6 | 0.4 | 0.4 | 0.6 | 0.7 | 0.2 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 213 | 259 | 305 | 223 | 258 | 238 | 357 | 157 | 174 | 223 | 165 |
| Cash Conv. Cycle ⓘ | 139 | 175 | 216 | 141 | 160 | 142 | 213 | 72 | 75 | 107 | 60 |
Sales growth is growing at healthy rate in last 3 years 37.27%
Return on Equity has declined versus last 3 years average to 10.10%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -22.33%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 25.3 | 27.1 |
| TTM Sales (₹ Cr.) | 880 | 944 |
| BVPS (₹.) ⓘ | 302.3 | 332.5 |
| Reserves (₹ Cr.) ⓘ | 586 | 647 |
| P/BV ⓘ | 5.31 | 4.83 |
| PE ⓘ | 63.42 | 59.28 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 406.20 / 1606.60 |
| All Time Low / High (₹) | 2.75 / 1599.50 |
| Market Cap (₹ Cr.) | 3,219 |
| Equity (₹ Cr.) | 20 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 59.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 297 | 299 | 264 | 409 | 413 | 521 | 357 | 887 | 1,124 | 923 |
| Operating Expenses ⓘ | 252 | 252 | 243 | 350 | 343 | 447 | 355 | 766 | 1,035 | 866 |
| Manufacturing Costs | 9 | 10 | 9 | 12 | 18 | 17 | 14 | 17 | 21 | 21 |
| Material Costs | 131 | 137 | 140 | 228 | 234 | 331 | 246 | 646 | 884 | 722 |
| Employee Cost | 25 | 35 | 41 | 40 | 43 | 50 | 50 | 41 | 49 | 50 |
| Other Costs ⓘ | 86 | 71 | 53 | 70 | 48 | 48 | 45 | 62 | 81 | 73 |
| Operating Profit ⓘ | 45 | 47 | 21 | 59 | 70 | 74 | 2 | 121 | 89 | 58 |
| Operating Profit Margin (%) | 15.1% | 15.6% | 8.0% | 14.4% | 16.9% | 14.3% | 0.6% | 13.6% | 7.9% | 6.3% |
| Other Income ⓘ | 10 | 11 | 8 | 2 | 3 | 3 | 4 | 3 | 11 | 7 |
| Interest ⓘ | 13 | 13 | 14 | 16 | 14 | 17 | 19 | 14 | 14 | 17 |
| Depreciation ⓘ | 7 | 10 | 12 | 13 | 14 | 15 | 16 | 17 | 17 | 17 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 36 | 35 | 3 | 32 | 45 | 45 | -29 | 93 | 69 | 30 |
| Tax ⓘ | 9 | 9 | 1 | 10 | 17 | 14 | -9 | 32 | 13 | 6 |
| Profit After Tax | 27 | 26 | 2 | 22 | 28 | 31 | -20 | 61 | 56 | 24 |
| PAT Margin (%) | 8.9% | 8.6% | 0.7% | 5.3% | 6.7% | 6.0% | -5.7% | 6.9% | 4.9% | 2.6% |
| Adjusted EPS (₹) | 17.4 | 14.9 | 1.2 | 11.9 | 15.2 | 17.1 | -11.1 | 33.3 | 30.3 | 13.1 |
| Dividend Payout Ratio (%) | 12% | 13% | 127% | 17% | 24% | 29% | 0% | 24% | 7% | 15% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 133 | 209 | 205 | 226 | 249 | 272 | 240 | 302 | 343 | 363 |
| Share Capital ⓘ | 15 | 32 | 32 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Reserves ⓘ | 118 | 178 | 173 | 208 | 231 | 254 | 222 | 284 | 324 | 345 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 96 | 87 | 87 | 81 | 104 | 158 | 170 | 60 | 93 | 68 |
| Long Term Debt | 27 | 17 | 5 | 6 | 13 | 10 | 14 | 10 | 5 | 2 |
| Short Term Debt | 69 | 70 | 82 | 76 | 91 | 148 | 156 | 50 | 88 | 66 |
| Trade Payables | 27 | 27 | 24 | 58 | 49 | 65 | 52 | 187 | 285 | 125 |
| Others Liabilities ⓘ | 55 | 49 | 51 | 52 | 47 | 46 | 42 | 76 | 83 | 107 |
| Total Liabilities ⓘ | 311 | 372 | 367 | 418 | 449 | 542 | 504 | 626 | 804 | 664 |
Fixed Assets | ||||||||||
| Gross Block | 122 | 148 | 164 | 188 | 199 | 223 | 240 | 251 | 263 | 272 |
| Accumulated Depreciation | 32 | 42 | 54 | 67 | 81 | 95 | 111 | 127 | 142 | 156 |
| Net Fixed Assetsⓘ | 90 | 106 | 110 | 121 | 119 | 128 | 129 | 124 | 121 | 116 |
| CWIP ⓘ | 2 | 5 | 8 | 0 | 0 | 1 | 1 | 1 | 1 | 2 |
| Investmentsⓘ | 1 | 1 | 1 | 2 | 10 | 18 | 20 | 19 | 19 | 27 |
| Inventories | 63 | 82 | 84 | 85 | 100 | 115 | 129 | 117 | 193 | 182 |
| Trade Receivables | 94 | 117 | 94 | 156 | 152 | 172 | 114 | 250 | 362 | 218 |
| Cash Equivalents | 7 | 7 | 6 | 10 | 20 | 15 | 36 | 36 | 40 | 15 |
| Others Assetsⓘ | 55 | 55 | 63 | 43 | 48 | 93 | 76 | 80 | 69 | 104 |
| Total Assets ⓘ | 311 | 372 | 367 | 418 | 449 | 542 | 504 | 626 | 804 | 664 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 18 | -4 | 34 | 52 | 21 | -7 | 53 | 132 | 5 | 32 |
| PBT ⓘ | 27 | 26 | 2 | 32 | 45 | 45 | -29 | 93 | 69 | 30 |
| Adjustment ⓘ | 5 | 15 | 14 | 46 | 24 | 29 | 30 | 28 | 20 | 24 |
| Changes in Working Capital ⓘ | -13 | -45 | 18 | -20 | -31 | -65 | 58 | 32 | -80 | -3 |
| Tax Paid ⓘ | 0 | 0 | 0 | -6 | -16 | -16 | -5 | -22 | -3 | -19 |
| Cash Flow From Investing Activity ⓘ | -29 | -26 | -18 | -19 | -21 | -34 | -35 | 2 | 0 | -11 |
| Capex | -18 | -29 | -20 | -16 | -11 | -25 | -16 | -12 | -14 | -12 |
| Net Investments | 0 | 0 | 0 | -3 | -3 | 0 | 0 | 12 | 8 | 6 |
| Others ⓘ | -11 | 4 | 2 | 0 | -6 | -9 | -19 | 2 | 7 | -4 |
| Cash Flow From Financing Activityⓘ | 12 | 28 | -16 | -33 | 6 | 35 | -15 | -122 | 6 | -41 |
| Net Proceeds from Shares ⓘ | 3 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 14 | 0 | -12 | -8 | 6 | -1 | 5 | -5 | -12 | -2 |
| Interest Paid ⓘ | -10 | -11 | -11 | -12 | -10 | -13 | -16 | -11 | -10 | -10 |
| Dividend Paid ⓘ | -2 | -4 | -5 | -6 | -4 | -8 | -11 | 0 | -15 | -4 |
| Others ⓘ | 7 | 34 | 12 | -7 | 15 | 57 | 8 | -106 | 43 | -25 |
| Net Cash Flow ⓘ | 1 | -1 | 0 | 1 | 6 | -6 | 3 | 12 | 12 | -20 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 24.01 | 17.51 | 1.15 | 11.15 | 11.73 | 12.05 | -7.96 | 22.55 | 17.24 | 6.8 |
| ROCE (%) | 22.54 | 18.29 | 6.04 | 16.16 | 17.53 | 15.6 | -2.48 | 27.25 | 20.32 | 10.87 |
| Asset Turnover Ratio | 1.08 | 0.89 | 0.73 | 1.04 | 0.95 | 1.05 | 0.68 | 1.57 | 1.57 | 1.26 |
| PAT to CFO Conversion(x) | 0.67 | -0.15 | 17 | 2.36 | 0.75 | -0.23 | N/A | 2.16 | 0.09 | 1.33 | Working Capital Days |
| Receivable Days | 96 | 126 | 142 | 112 | 136 | 114 | 146 | 75 | 99 | 115 |
| Inventory Days | 78 | 87 | 112 | 76 | 82 | 75 | 125 | 50 | 50 | 74 |
| Payable Days | 67 | 71 | 66 | 65 | 83 | 63 | 87 | 62 | 91 | 98 |
Shakti Pumps was incorporated in 1982 by the Patidar family of Rao (Indore) to manufacture submersible pumps and electric control panels. In 1995, the company went public with an issue of Rs 500 lakh.
Later in 1996, company expanded its portfolio by manufacturing of stainless steel submersible pumps and motors. In the same year, Shakti Pumps started its export operation.
In the year 2006, company was acknowledged with one star export house status. In the same year, the company established a branch office in Australia and Turkey.
Today, the company is engaged in the business of manufacturing of submersible pumps along with submersible motors and associated controls panels under the name ‘Shakti’.
It manufactures pumps and motors (0.5-150HP) in different sizes of 100-300 mm. The company is second largest stainless steel submersible pump sets manufacturer in the world.
The company has also obtained BIS certificate for ISI mark in 1989 and through continuous process improvement and streamlining the quality system at par the international standards have now acquired ISO: 9001:2000 certifications.
The company manufactures and exports energy efficient pumps and motors such as submersible pumps, SRN-booster pumps or submersible motors and many more. It also specialises in manufacturing stainless steel submersible pump sets ranging between 0.5 H.P. to 60 H.P. It exports pumpsets to more than 50 countries.
The company manufactures 4â€, 6â€, 8â€, 10†and 12†submersible pumps that are exported to more than 40 countries. These pumps are used in construction of main hydraulic component impellers.
The company’s factory is located at sector III, Pithampur Industrial Area in Madhya Pradesh India. It has also started new unit in SEZ (special economic zone) Pithampur in Madhya Pradesh.
Shakti Pumps operates marketing offices in Kenya, Australia and Turkey. Domestically, the company’s products are marketed through 150 distributors and dealers in 12 states. Globally, Shakti Pumps market its products to countries namely Turkey, Spain, US, the Netherlands, Germany, France, Italy and Australia, among others.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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