Shakti Pumps (India) Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Industrial Products | Market Cap: ₹6.4K Cr
Shakti Pumps is targeting a consistent growth of 25-30% year-on-year in revenue and volumes. Shakti Pumps targets a consistent year-on-year growth of 25-30% going forward.
From Shakti Pumps (India) Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹504
Market Cap
₹6.4K Cr
P/E Ratio
30.1
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Shakti Pumps (India) Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹858 Cr, net profit ₹38 Cr.
Full financials →📊 Revenue & Sales Performance
- →Shakti Pumps is targeting a consistent growth of 25-30% year-on-year in revenue and volumes.
- →The company plans to execute a 1.2 GW solar cell plant to reduce dependency on external suppliers and support growth.
- →Current capacity utilization is about 62%, with internal expansions enabling INR 3,000-3,200 crores revenue in FY26; new capacity will come online in FY27.
- →The order book stands robust at INR 2,000 crores with potential to increase further for sustained growth.
- →Export business is growing strongly, contributing INR 312 crores in 9 months and showing better margins.
- →Growth is backed by increasing domestic demand in solar pumps, government schemes, and future opportunities in electric motors and EV segments.
- →The company aims to double business volume in the next 3 years despite current challenges in solar cell supply.
📈 Profitability & Margins
- →Shakti Pumps targets a consistent year-on-year growth of 25-30% going forward.
- →For FY26, internal expansions and debottlenecking efforts aim to achieve revenues of INR 3,000-3,200 crores.
- →The company expects to maintain or improve EBITDA margins around 24%, with potential fluctuations due to raw material and exchange rate volatility.
- →PAT margins have expanded significantly and are expected to sustain around 16%-18%.
- →EPS has grown substantially, with INR 8.7 per share in Q3 FY25 and INR 24.8 per share for 9M FY25, showing strong upward trajectory.
- →Solar pump and EV segments, supported by increasing capacity (like 1.2 GW solar plant), are key drivers.
- →Export business is growing robustly, contributing better margins and supporting overall profitability.
- →Management emphasizes focusing on sustainable margin expansion despite input price pressures and supply challenges.
🏗️ Capital Expenditure Plans
- →Shakti Pumps is planning a capex of INR 400 crores through a QIP aimed at installing a solar module manufacturing plant, specifically a 1.2 gigawatt wafer-to-cell plant to address DCR cell supply issues (Pages 12, 19).
- →The solar cell plant is targeted to start operations in the next 2 to 2.5 years, reducing dependence on external suppliers and supporting future growth (Pages 16, 17).
- →Internal expansions and debottlenecking exercises are ongoing to increase capacity, enabling revenue targets of INR 3,000-3,200 crores for FY26 with new capacity additions expected in FY27 (Page 14).
- →The company is actively partnering with new and upcoming DCR cell manufacturers for better supply chain control and to sustain 25-30% growth rates (Pages 11, 18).
💰 Fundraising & Capital Structure
- →Shakti Pumps has planned a Qualified Institutional Placement (QIP) to raise INR 400 crores.
- →The funds raised through QIP will primarily be used for installing a solar module manufacturing plant (solar cell plant with 1.2 GW capacity).
- →Details regarding total capex and the mix of equity and debt for this funding are yet to be disclosed and will be communicated later.
- →Currently, the company is debt-free with no term loans, and working capital utilization is moderate (around INR 200 crores).
- →The company is focused on reducing dependency on external DCR cell suppliers by installing its own capacity to support growth and mitigate supply chain risks.
📋 Order Book & Pipeline
- →Current order book stands at approximately INR 2,070 crores as of Q3 FY25.
- →Major portion of orders: INR 750 crores from Maharashtra government, INR 116 crores from Haryana government, and remaining from Rajasthan and Uttar Pradesh.
- →Orders are executable within approximately three quarters (~INR 600 crores per quarter run rate).
- →The company can take additional orders of around INR 2,000 crores beyond the current order book.
- →Expected to maintain minimum 25% year-on-year growth in orders.
- →Order book includes quarterly build-up of about INR 800 crores in new orders.
- →New orders keep coming every quarter, and capacity tie-ups with DCR cell manufacturers support execution.
- →The company is confident about order growth to INR 3,000 to 3,500 crores in the coming periods with no issues in execution or payments.
Key Metrics
Frequently Asked Questions
What were Shakti Pumps (India) Ltd Q3 FY25 results?
Shakti Pumps is targeting a consistent growth of 25-30% year-on-year in revenue and volumes. Shakti Pumps targets a consistent year-on-year growth of 25-30% going forward.
What is Shakti Pumps (India) Ltd share price analysis?
Shakti Pumps (India) Ltd currently shows a neutral. The stock trades at a P/E of 30.1 with a market cap of ₹6,401 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shakti Pumps (India) Ltd planning capital expenditure?
Shakti Pumps is planning a capex of INR 400 crores through a QIP aimed at installing a solar module manufacturing plant, specifically a 1.2 gigawatt wafer-to-cell plant to address DCR cell supply issues (Pages 12, 19).
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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.