Shakti Pumps Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Industrial Products | Market Cap: ₹6.2K Cr
Shakti Pumps aims to become a INR5,000 crores company by FY29 (within three years from 2026). Shakti Pumps aims to become a INR5,000 crore company by FY29, driven by capacity expansions across pumps, motors, VFDs, solar structures, and integrated solar modules and cells.
From Shakti Pumps's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹493
Market Cap
₹6.2K Cr
P/E Ratio
29.3
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Shakti Pumps — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹858 Cr, net profit ₹38 Cr.
Full financials →📊 Revenue & Sales Performance
- →Shakti Pumps aims to become a INR5,000 crores company by FY29 (within three years from 2026).
- →This growth is driven by capacity expansion across solar pumps, solar panels, EV motors, VFDs, and structures.
- →The 2.2 GW solar expansion and backward integration in solar cell and module manufacturing will support margin improvements and higher volumes.
- →Rooftop solar business is targeted to be a leader but specific revenue guidance is not yet provided; margins of ~15% are expected once integrated with in-house modules.
- →EV motors business is currently in validation; meaningful revenue contribution is expected from FY28 onwards.
- →Order inflows are strong, with INR1,000 crores order book mainly in government business, executable over next two quarters.
- →Growth momentum is supported by expected government schemes like PM KUSUM 2.0 and new state tenders.
- →Export business is steady, with around INR100 crores in quarterly orders.
📈 Profitability & Margins
- →Shakti Pumps aims to become a INR5,000 crore company by FY29, driven by capacity expansions across pumps, motors, VFDs, solar structures, and integrated solar modules and cells.
- →EBITDA margins have been impacted recently (~10%) due to raw material inflation and lower sales price realization but are expected to improve gradually as raw material prices ease and geopolitical stability returns.
- →Backward integration through developing in-house solar module and cell manufacturing is expected to strengthen margins in the medium term.
- →EV motors business and rooftop solar are in early stages; significant revenue and margin contributions are expected from FY28 onwards.
- →Management views current margin pressures as temporary and expects margin correction and profit growth as supply chain and geopolitical factors stabilize.
- →PAT rose 35% in Q1 FY27; disciplined cost control and improving operational efficiency are expected to support future earnings growth.
🏗️ Capital Expenditure Plans
- →Total capex planned around INR1,500 to INR1,700 crores to be completed by September 2027.
- →Around INR800 crores capex expected in the current year, remaining in the next year.
- →Key projects include:
- → - 0.5 GW solar module plant commissioning by September 2026.
- → - 2.2 GW integrated DCR cell and module plant commissioning by September 2027.
- → - New pump plant expected by November 2026.
- →Capex aimed at backward integration and capacity expansion across pumps, motors, VFDs, and solar structures.
- →Investment supports the goal to become a INR5,000 crores company within three years.
- →Strategic focus includes creating a fully integrated solar rooftop and pump business with in-house solar panel production.
- →Funding includes arrangements with multiple banks and term loans to support working capital and capex.
💰 Fundraising & Capital Structure
- →The company has completed two Qualified Institutional Placements (QIPs), raising INR200 crores without taking any loan, ensuring sufficient funds are available for expansion.
- →For the 2.2 GW solar project, a term loan arrangement of around INR800 crores has been entered into.
- →Working capital limits of approximately INR1,800 crores are arranged with around 10 leading banks in India and one bank from Qatar.
- →No mention of any immediate plans for new fundraising through additional debt or equity beyond these arrangements.
- →Promoters have historically increased their holding whenever funds are sufficient and may continue to do so in the future, but no specific equity issuance plans disclosed.
📋 Order Book & Pipeline
- →Current order book stands at around INR 1,000 crores, primarily from B2G (government) business.
- →This order book is expected to be executed comfortably over the next two quarters.
- →New orders continue to flow in from states like Maharashtra, Karnataka, and pending launches in MP, Rajasthan with KUSUM 2.0 expected to bring more tenders soon.
- →Quarterly order inflows for export business are around INR 100 crores.
- →Additional orders are anticipated from the existing pipeline, contributing to order book additions beyond INR 1,000 crores.
- →Order execution pace depends on external factors such as monsoon rains and floods but remains strong.
- →KUSUM 2.0 scheme launch is anticipated soon, expected to add significant new orders by the end of the current quarter or early next quarter.
Key Metrics
Frequently Asked Questions
What were Shakti Pumps Q1 FY27 results?
Shakti Pumps aims to become a INR5,000 crores company by FY29 (within three years from 2026). Shakti Pumps aims to become a INR5,000 crore company by FY29, driven by capacity expansions across pumps, motors, VFDs, solar structures, and integrated solar modules and cells.
What is Shakti Pumps share price analysis?
Shakti Pumps currently shows a neutral. The stock trades at a P/E of 29.3 with a market cap of ₹6,214 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shakti Pumps planning capital expenditure?
Total capex planned around INR1,500 to INR1,700 crores to be completed by September 2027.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.