SHAKTIPUMPCapital Goods

Shakti Pumps (India) Limited

Compressors, Pumps & Diesel Engines · ISIN INE908D01010 · BSE 531431 · NSE EQ · FV ₹10
Last price
₹359
+0.69%today
What this company does

Shakti Pumps (India) Limited operates in Compressors, Pumps & Diesel Engines, part of the Capital Goods sector. It booked ₹746 cr of revenue in its latest quarter (Q2 FY27) and kept 5.2% of sales as profit. It is the 9th largest of 9 Compressors, Pumps & Diesel Engines companies we track, by market value.

“The Company manufactures stainless steel pumps as its core business, a product category where the use of recycled inputs or reused components in the manufacturing process is limited.”
In the report:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 81–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
23

At close. Not part of the score.

Profitability & returns29

How much profit it earns on the money it employs

Balance sheet20

How much it owes, and whether earnings cover the interest

Cash quality37

Whether reported profit actually arrives as cash

Growth & consistency90

Whether sales and profit have grown, and how steadily

Valuation78

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 12% vs last year
✓ Promoters hold 50%
✓ No promoter shares pledged
Watch-outs
! Thin 5.2% net margin
! Profit down 58% vs last year
! Operating cash flow is negative

What if I invest in SHAKTIPUMP?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹359▲ +0.69%
latest close · 2026-11-04
1-year return
+207.4%
52-wk low ₹6952-wk high ₹559
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio28.8Average
LowAverageHigh
P/B ratio2.48Moderate
Below bookModerateHigh
EV / EBITDA17.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.6%Fair
WeakFairStrong ▸15%
Return on capital13.5%Fair
WeakFairStrong
Net margin5.2%Decent
ThinDecentStrong
EBITDA margin10.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.53Moderate
LowModerateHigh ▸1
Interest cover3.6×Okay
RiskyOkayStrong ▸5×
Current ratio2.02Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹4,436 cr
Book value
₹145
EPS
₹3.12
latest quarter
Net debt
₹915 cr
owes more than its cash
Enterprise value
₹5,351 cr
EBITDA
₹306 cr
annualised
EBIT
₹274 cr
annualised
Operating margin
9.2%
Return on assets
4.5%
Earnings yield
3.47%
P/S
1.49
Sales / share
₹241.8
Tax rate
22.2%
Face value
₹10
Shares
12.3 cr
Working capital
₹1,460 cr
Current assets
₹2,886 cr
Current liabilities
₹1,426 cr
Delivery %
41.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹214–₹275, midpoint ₹245

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹746 cr
Other Income₹12 cr
Total Income₹758 cr
Cost of Materials₹616 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-48 cr
Employee Benefit Expense₹39 cr
Finance Costs₹19 cr
Depreciation & Amortisation₹8 cr
Other Expenses₹75 cr
Total Expenses₹709 cr
Profit before Tax₹50 cr
Tax Expense₹11 cr
Net Profit₹39 cr
Net margin on total income5.1%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹568 cr74.9%
Employee benefit expense₹39 cr5.2%
Finance costs₹19 cr2.5%
Depreciation & amortisation₹8 cr1.1%
Other expenses₹75 cr9.9%
Tax expense₹11 cr1.5%
Profit for the period₹39 cr5.1%
Total income ₹758 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue858 cr859 cr746 cr
Total income867 cr869 cr758 cr
Expenses801 cr798 cr709 cr
Profit before tax66 cr71 cr50 cr
Tax28 cr19 cr11 cr
Net profit (owners' share)38 cr52 cr39 cr
Net margin (owners' share, on revenue)4.5%6.0%5.2%
EPS (₹)3.114.183.12
YoY (latest quarter): total income +12.9% · net profit -57.5%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹3,446 cr
Shareholder equity
₹1,787 cr
parent shareholders
Total debt
₹939 cr
Cash
₹24 cr
Cash flow · H1 FY27
Operating
₹-448 cr
Investing
₹-74 cr
Financing
₹428 cr
Peer comparison
Compressors, Pumps & Diesel Engines · by market value
CompanyPriceMarket capP/E
Cummins India Limited₹4,650₹1.29 L cr52.9
Greaves Cotton Limited₹198₹29,536 cr247.7
Kirloskar Oil Engines Limited₹1,718₹24,978 cr54.9
Elgi Equipments Limited₹532₹16,872 cr40.6
Kirloskar Brothers Limited₹1,743₹13,860 cr47.0
Ingersoll Rand (India) Limited₹4,130₹13,040 cr46.3
Ksb Limited₹666₹11,592 cr50.6
Kirloskar Pneumatic Company Limited₹550₹7,146 cr44.6
Shakti Pumps (India) Limitedthis company₹357₹4,405 cr28.6
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.28%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 29 Jul 2026
ActionDetailEx-date
Dividend₹1 / share29 Jul 2026
Dividend₹1 / share18 Sep 2025
Bonus issue1:525 Nov 2024
Dividend₹4 / share23 Sep 2024
Dividend₹2 / share21 Sep 2023
Dividend₹2 / share21 Sep 2022
Who owns it · 2026-09-30
No pledge
Promoter
50.4%
FII / Foreign
5.3%
DII / Domestic
1.8%
Retail / others
42.6%
Promoter stake down 1.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVINTEX TOOLS & MACHINERIES PRIVATE LIMITED · Promoter Group4.23 L · ₹15.3 cr29 Oct 26
BoughtVINTEX TOOLS & MACHINERIES PRIVATE LIMITED · Promoter Group14,000 · ₹51.8 L27 Oct 26
BoughtVINTEX TOOLS & MACHINERIES PRIVATE LIMITED · Promoter13,000 · ₹47.8 L26 Oct 26
Bulk / block deals
short— · NSE50028 Sep 26
short— · NSE17022 Sep 26
short— · NSE17521 Sep 26
Stake changes
BoughtShakti Sons Trust · promoter→ 18.38% · 15,00016 Sep 26
BoughtShakti Future Trust · promoter→ 7.32% · 10,00016 Sep 26
BoughtShakti Sons Trust · promoter→ 18.37% · 12,40011 Sep 26
Promoter pledges
ReleasedState Bank of India2.78 L · 1.51% held11 Oct 19
ReleasedState Bank of India4.44 L · 2.42% held11 Oct 19
ReleasedState Bank of India1.82 L · 0.99% held11 Oct 19
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 19 Mar 2026
See the official result
1
Appointment of Mrs. Bela Bharatendu Jani (DIN: 11539694) as Non‐Executive Woman Independent Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
1.36 cr votes for, 2,573 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 50.4% between them · as of 2026-09-30
SHAKTI SONS TRUST18.38%
SHAKTI BROTHERS TRUST7.62%
SHAKTI FUTURE TRUST7.31%
SHAKTI IRRIGATION INDIA LIMITED4.53%
VINTEX TOOLS & MACHINERIES PRIVATE LIMITED3.97%
GEETA PATIDAR2.97%
AISHWARYA SHARMA1.87%
PALLAVI PATIDAR1.66%
Business done with them
FY2026 · 5 of the group
The company paid ₹63 cr to companies in the promoter group last year — about 2.3% of its ₹2,698 cr revenue and received ₹75 L back from them.
SHAKTI IRRIGATION INDIA LIMITED
Bought goods from them · Purchase of Components , Drip Irrigation Pipes and sale of Parts & Pipes ,Pumps & Motors & other material Interest Received
also owns 4.53% of the company
₹23 cr
company paid
VINTEX TOOLS & MACHINERIES PRIVATE LIMITED
Bought property or assets from them · Purchase of Dies & Other material , Sales of Assets and Spare parts
also owns 3.97% of the company
₹20 cr
company paid
Dinesh Patidar
Other payments to them · Remuneration
₹15 cr
company paid
SHAKTI IRRIGATION INDIA LIMITED
Other payments to them · Purchase of Components , Drip Irrigation Pipes and sale of Parts & Pipes ,Pumps & Motors & other material Interest Received
also owns 4.53% of the company
₹2 cr
company paid
VINTEX TOOLS & MACHINERIES PRIVATE LIMITED
Bought goods from them · Purchase of Dies & Other material , Sales of Assets and Spare parts
also owns 3.97% of the company
₹1 cr
company paid
Indira Patidar
Other payments to them · Remuneration
also owns 1.62% of the company
₹1 cr
company paid
VINTEX TOOLS & MACHINERIES PRIVATE LIMITED
Sold goods to them · Purchase of Dies & Other material , Sales of Assets and Spare parts
also owns 3.97% of the company
₹58 L
company received
SHAKTI IRRIGATION INDIA LIMITED
Sold goods to them · Purchase of Components , Drip Irrigation Pipes and sale of Parts & Pipes ,Pumps & Motors & other material Interest Received
also owns 4.53% of the company
₹17 L
company received
Sunil Patidar
Other payments to them · Remuneration and Other Allowances
₹12 L
company paid

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹293 cr raised in Jul 2025 by selling shares to large investors

As of Sep 2026, the company says it has spent 8% of what it set aside, leaving ₹271 cr still to be spent. India Ratings and Research Private Limited watches the spending on the exchange’s behalf.

Investment in our Subsidiary, Shakti Energy Solutions Limited (“SESL”) for part-financing the proposed greenfield 2.2 GW solar DCR cell and Solar PV Module Project (“Project”)
10%
₹22 cr of ₹225 cr
General Corporate Purposes
0%
₹0 cr of ₹63 cr
QIP related Issue Expenses
0%
₹0 cr of ₹4 cr
Spent by quarter: 27% → 2% → 33% → 10% → 8% (to Sep 2026)
₹200 cr raised in Mar 2024 by selling shares to large investors

As of Sep 2026, the company says it has spent 2% of what it set aside, leaving ₹195 cr still to be spent. India Ratings and Research Private Limited watches the spending on the exchange’s behalf.

Part funding the capacity expansion of our Company with respect to the new facility in Pithampur, Madhya Pradesh for manufacture of Solar Powered Pumps and Motors, Variable Frequency Drives & Structures (“Project”)
3%
₹5 cr of ₹150 cr
General Corporate Purposes
0%
₹0 cr of ₹47 cr
QIP related Issue Expenses
0%
₹0 cr of ₹3 cr
Spent by quarter: 10% → 0% → 0% → 0% → 6% → 7% → 2% (to Sep 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.