Shakti Pumps (India) Ltd Q4 FY26 Earnings Analysis
Published 22 Aug 2026 | Industrial Products | Market Cap: ₹6.4K Cr
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 →Earnings Summary
FY26 saw 86,086 solar pump installations, with a 51% YoY growth in Q4 (28,345 units). Shakti Pumps aims for consistent year-on-year revenue growth, updating quarterly on performance.
📊 Revenue & Sales Performance
- →FY26 saw 86,086 solar pump installations, with a 51% YoY growth in Q4 (28,345 units).
- →Order book stands at ~INR 1,500 crores, providing strong revenue visibility for the next two quarters.
- →Anticipated policy momentum from KUSUM 2.0, expected rollout by Q2 FY27, will drive demand.
- →Expansion in southern states like Karnataka underway; further execution growth expected there.
- →Continued year-on-year growth guidance; no specific top-line numbers disclosed but confidence in sustained growth.
- →Export growth expected with geopolitical benefits and new trade agreements, especially in Europe.
- →New 0.5 GW solar module plant commissioning planned by end of Q1 FY27 to support volume and margin improvement.
- →Ramp-up of solar cell capacity (2.2 GW) targeted by March 2028.
- →Focus on growing solar rooftop business alongside solar pumps for diversified revenue streams.
📈 Profitability & Margins
- →Shakti Pumps aims for consistent year-on-year revenue growth, updating quarterly on performance.
- →Margin improvement is anticipated post-Q1 FY27 with commissioning of a 0.5 GW solar module plant contributing to margin uplift.
- →Operating leverage is expected to provide a 2-3% advantage, though current raw material price pressures offset margin expansion.
- →Raw material costs are currently high due to geopolitical tensions but are expected to decrease, improving margins in the future.
- →Expansion in the southern Indian market and growth in solar pump installations, supported by KUSUM 2.0 and other tenders, will drive revenue.
- →Export growth is targeted, leveraging geopolitical shifts and expanding distributor networks globally.
- →The company focuses on sustaining profitability while scaling operations, maintaining a balanced approach between growth and financial discipline.
- →No specific EPS guidance shared, but improved margins and revenue growth imply positive EPS trajectory.
🏗️ Capital Expenditure Plans
- →Expanded pump capacity expected from Q2 FY27 onwards.
- →0.5 GW solar module plant to be commissioned by end of Q1 FY27, contributing to margin improvement.
- →2.2 GW solar cell capacity targeted for completion by March 2028.
- →INR 70 crores already invested out of INR 114 crores CAPEX for EV motor and controller development.
- →Continued R&D investments in solar pumps, power electronics (controllers, inverters, chargers), and EV motors.
- →Investment in reverse engineering and vendor negotiations to improve margins.
- →Focus on building and expanding export capabilities amid geopolitical changes.
- →Ongoing channel development for solar rooftop systems.
💰 Fundraising & Capital Structure
- →There is no explicit mention of any current or planned fundraising through debt or equity in the provided transcript.
- →The company is focused on maintaining a strong balance sheet and improving receivables collections.
- →They have not provided guidance on specific fundraising but are investing in expansions like the solar panel plant and pump capacity through internal plans.
- →Emphasis is on organic growth, R&D, and margin improvements rather than raising external capital at this time.
- →The CFO and management frequently mention updating investors quarterly on progress but no direct statement regarding new fundraising initiatives.
📋 Order Book & Pipeline
- →As of May 11, 2026, the order book of Shakti Pumps stands at approximately INR 1,500 crores, providing visibility for about two quarters.
- →Orders executed in Q4FY26 include around INR 704 crores from the solar business and INR 2,080 crores for the full FY26.
- →Remaining execution is distributed among OEM, EV sales, domestic, and export sectors.
- →Approximately INR 524 crores of the order book is from Maharashtra, with the rest from other states.
- →The company expects to execute this order book over the next two quarters.
- →KUSUM 2.0 orders are anticipated to start by Q2FY27 according to government announcements.
- →New orders are disclosed within 24 hours of receipt, ensuring transparency in order book updates.
- →Execution timelines typically range between 90 to 120 days but may extend due to government-provided execution extensions.
Key Metrics
Frequently Asked Questions
What were Shakti Pumps (India) Ltd Q4 FY26 results?
FY26 saw 86,086 solar pump installations, with a 51% YoY growth in Q4 (28,345 units). Shakti Pumps aims for consistent year-on-year revenue growth, updating quarterly on performance.
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?
Expanded pump capacity expected from Q2 FY27 onwards.
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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.