Shakti Pumps (India) Ltd - Stock Valuation and Financial Performance

BSE: 531431 | NSE: SHAKTIPUMP | Compressors / Pumps | Small Cap

Shakti Pumps (I) Share Price

1,465.90 3.80 0.26%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Shakti Pumps (I)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Shakti Pumps (India) stock performance -

mw4me loader
P/E Ratio (SA):
57.87
Market Cap:
2,937 Cr.
52-wk low:
406.2
52-wk high:
1,599.5

Is Shakti Pumps (India) Ltd an attractive stock to invest in?

1. Is Shakti Pumps (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shakti Pumps (India) Ltd is a average quality company.

2. Is Shakti Pumps (India) Ltd undervalued or overvalued?

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.

3. Is Shakti Pumps (India) Ltd a good buy now?

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

10 Year X-Ray of Shakti Pumps (I):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shakti Pumps (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.7%12.5%3.8%10.6%11.1%10.9%-1.7%18%16.1%8.3%-
Value Creation
Index
0.1-0.1-0.7-0.2-0.2-0.2-1.10.30.2-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2972992644094135213578871,124923880
Sales YoY Gr.-0.7%-11.6%55.2%0.9%26.1%-31.5%148.5%26.7%-17.9%-
Adj EPS 17.215.21.211.81517.1-11.133.330.313.125.3
YoY Gr.--11.6%-92.3%905.1%27.6%14%-165%NA-9.1%-56.9%-
BVPS (₹) 76.5105.799122.8135.5148.3130.8164.4186.5197.6302.3
Adj Net
Profit
26.525.7221.827.931.4-20.461.255.62451
Cash Flow from Ops. 17.9-4.33452.421.2-6.752.91325.232-
Debt/CF from Ops. 6.3-23.731.75.2-24.83.40.5192.2-

CAGR

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%
BVPS11.1%7.8%14.7%6%
Share Price 32% 27% 42.6% 237.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
21.614.9110.111.712.1-822.617.26.810.1
Op. Profit
Mgn %
15.115.6814.416.914.30.613.67.96.39.6
Net Profit
Mgn %
8.98.60.85.36.76-5.76.952.65.8
Debt to
Equity
10.50.60.40.40.60.70.20.30.2-
Working Cap
Days
213259305223258238357157174223165
Cash Conv.
Cycle
139175216141160142213727510760

Recent Performance Summary

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%

Latest Financials - Shakti Pumps (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 25.3 27.1
TTM Sales (₹ Cr.) 880 944
BVPS (₹.) 302.3 332.5
Reserves (₹ Cr.) 586 647
P/BV 4.85 4.41
PE 57.87 54.09
From the Market
52 Week Low / High (₹) 406.20 / 1599.50
All Time Low / High (₹) 2.75 / 1599.50
Market Cap (₹ Cr.) 2,937
Equity (₹ Cr.) 20
Face Value (₹) 10
Industry PE 58.4

Management X-Ray of Shakti Pumps (I):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Shakti Pumps (I)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2972992644094135213578871,124923
Operating Expenses 2522522433503434473557661,035866
Manufacturing Costs910912181714172121
Material Costs131137140228234331246646884722
Employee Cost 25354140435050414950
Other Costs 86715370484845628173
Operating Profit 45472159707421218958
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 1011823343117
Interest 13131416141719141417
Depreciation 7101213141516171717
Exceptional Items 0000000000
Profit Before Tax 36353324545-29936930
Tax 991101714-932136
Profit After Tax 27262222831-20615624
PAT Margin (%) 8.9%8.6%0.7%5.3%6.7%6.0%-5.7%6.9%4.9%2.6%
Adjusted EPS (₹)17.414.91.211.915.217.1-11.133.330.313.1
Dividend Payout Ratio (%)12%13%127%17%24%29%0%24%7%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 133209205226249272240302343363
Share Capital 15323218181818181818
Reserves 118178173208231254222284324345
Minority Interest0000000000
Debt96878781104158170609368
Long Term Debt2717561310141052
Short Term Debt6970827691148156508866
Trade Payables27272458496552187285125
Others Liabilities 554951524746427683107
Total Liabilities 311372367418449542504626804664

Fixed Assets

Gross Block122148164188199223240251263272
Accumulated Depreciation324254678195111127142156
Net Fixed Assets90106110121119128129124121116
CWIP 2580011112
Investments 1112101820191927
Inventories63828485100115129117193182
Trade Receivables9411794156152172114250362218
Cash Equivalents 77610201536364015
Others Assets555563434893768069104
Total Assets 311372367418449542504626804664

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 18-4345221-753132532
PBT 27262324545-29936930
Adjustment 5151446242930282024
Changes in Working Capital -13-4518-20-31-655832-80-3
Tax Paid 000-6-16-16-5-22-3-19
Cash Flow From Investing Activity -29-26-18-19-21-34-3520-11
Capex -18-29-20-16-11-25-16-12-14-12
Net Investments 000-3-3001286
Others -11420-6-9-1927-4
Cash Flow From Financing Activity 1228-16-33635-15-1226-41
Net Proceeds from Shares 3900000000
Net Proceeds from Borrowing 140-12-86-15-5-12-2
Interest Paid -10-11-11-12-10-13-16-11-10-10
Dividend Paid -2-4-5-6-4-8-110-15-4
Others 73412-715578-10643-25
Net Cash Flow 1-1016-631212-20
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)24.0117.511.1511.1511.7312.05-7.9622.5517.246.8
ROCE (%)22.5418.296.0416.1617.5315.6-2.4827.2520.3210.87
Asset Turnover Ratio1.080.890.731.040.951.050.681.571.571.26
PAT to CFO Conversion(x)0.67-0.15172.360.75-0.23N/A2.160.091.33
Working Capital Days
Receivable Days961261421121361141467599115
Inventory Days7887112768275125505074
Payable Days67716665836387629198

Shakti Pumps (India) Ltd Stock News

Shakti Pumps (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Shakti Pumps (I) on 12-Apr-2024 16:59 is ₹1,465.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Shakti Pumps (I) stood at ₹2,937.
The latest P/E ratio of Shakti Pumps (I) as of 12-Apr-2024 16:59 is 57.87.
The latest P/B ratio of Shakti Pumps (I) as of 12-Apr-2024 16:59 is 4.85.
The 52-week high of Shakti Pumps (I) is ₹1,599.5 and the 52-week low is ₹406.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shakti Pumps (I) is ₹880.3 ( Cr.) .

About Shakti Pumps (India) Ltd

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 4”, 6”, 8”, 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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