Shakti Pumps (india) Limited · NSE:SHAKTIPUMP

Shakti Pumps (india) — Q3 FY2024 Earnings Presentation

40 slides from Shakti Pumps (india)'s earnings presentation, Jan 27, 2024

Slide 1: Exchange filing cover letter
Date: - 27/01/2024 To, To, The Secretary, The Secretary, Listing Department Corporate Relationship Department National Stock Exchange of India Ltd. BSE Limited Exchange plaza, BKC, Bandra (E) P. J. Towers, Dalal Street Mumbai - MH 400051. Mumbai- MH 400001. REF: -(ISIN- INE908D01010) SCRIP CODE BSE-
Slide 2: Shakti Pumps (India) Limited Investor Presentation
Shakti Pumps (India) Limited BSE: 531431 NSE: SHAKTIPUMP Investor Presentation | January 2024 ISIN: INE908D0101 © 2024, All Rights Reserved - www.shaktipumps.com
Slide 3: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by Shakti Pumps (India) Limited (“SPIL” or the company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, finan
Slide 6: Management Commentary on Performance
Management Commentary on Performance “Q3FY24 has been a breakthrough quarter for the company, as we recorded the highest ever numbers, both in terms of revenue and profitability. This robust performance is attributed to our strong order book, which we have secured over the last 6 months from the sta
Slide 7: Recent Developments
Recent Developments ORDERS COMPONENT B – Off-Grid Solar Photovoltaic Water Pumping Systems # of Pumps Order Value* Execution Timeline ^ 29 Dec 2023 Haryana Renewable Energy Department (HAREDA) 6,408 Rs. 258 Crores 90 days PATENTS Received 4 new patents between November 2023 & January 2024 - Date Pat
Slide 8: Q3 & 9M FY24 Consolidated Income Statement
Q3 & 9M FY24 Consolidated Income Statement Particulars (Rs Mn) Q3FY24 Q3FY23 YoY Q2FY24 QoQ 9MFY24 9MFY23 YoY Revenue from Operations 4,956 3,142 57.7% 1,528 224.4% 7,615 7,850 (3.0%) EBITDA 710 219 224.2% 152 366.6% 941 557 69.0% EBITDA Margins % 14.3% 7.0% 735 bps 10.0% 436 bps 12.4% 7.1% 527 bps
Slide 9: Quarterly Comparative Charts
Quarterly Comparative Charts Revenue (Rs Mn) EBITDA (Rs Mn) and EBITDA Margin (%) 1000 14.3% 12.4% 16.0% 7,850 7,615 900 14.0% 800 12.0% 700 4,956 600 7.1% 10.0% 7.0% 500 941 8.0% 3,142 400 710 6.0% 300 557 4.0% 200 100 219 2.0% 0 0.0% Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 PAT (Rs
Slide 10: Consolidated Income Statement
Consolidated Income Statement Particulars (Rs Mn) FY20 FY21 FY22 FY23 9MFY24 Revenue from Operations 3,828 9,297 11,785 9,677 7,615 EBITDA 114 1,413 1,105 666 941 EBITDA Margins % 3.0% 15.2% 9.4% 6.9% 12.4% Depreciation and Amortization Expense 172 184 186 184 142 Finance Cost 208 162 157 192 117 PB
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs Mn) Mar’ 20 Mar’ 21 Mar’ 22 Mar’ 23 Sep’ 23 Assets Net Fixed Assets 1,539 1,481 1,463 1,481 1,599 Other Non Current Assets 170 214 48 152 327 Current Assets 3,698 5,009 7,126 5,620 6,624 Total Assets 5,406 6,705 8,637 7,253 8,550 Liabilities Net Worth 2,652
Slide 12: Key Financial Highlights
Key Financial Highlights Revenue driven by improved demand of Solar pumps (Rs Mn) Break-up of Operating Costs as a % of Revenue 11,785 9,297 9,677 14.1% 4.4% 5.5% 9.7% 4.7% 9.4% 10.8% 17.7% 9.4% 14.7% 5,464 3,828 1,105 1,413 76.8% 76.8% 65.0% 70.6% 884 451 756 648 666 241 59.3% 114 -141 FY 2019 FY 2
Slide 13: Key Financial Highlights – Key Ratios
Key Financial Highlights – Key Ratios Optimum capital structure with high coverage ratio (x) Improving working capital cycle 8.8 212 7.1 153 5.0 121 119 119 4.5 115 3.9 104 102 3.5 3.5 3.2 91 87 92 81 75 74 62 0.5 0.6 0.6 0.8 0.2 0.2 0.2 FY2019 FY2020 FY2021 FY2022 FY2023 FY2019 FY2020 FY2021 FY2022
Slide 15: Company at a Glance
Company at a Glance  Incorporated in 1982 and led by Mr. Dinesh  Products have varied applications from Patidar, Shakti Pumps (India) Limited (SPIL) agricultural, building services, power, oil & gas, has made strong presence in the pumps metals & mining and others industry  Diversified customer m
Slide 16: Have been in the pumps business since last 4 decades
Have been in the pumps business since last 4 decades Commenced Received first operations in Implementation of patent Received 3 new Listed on the Uganda to PM-KUSUM scheme patents in January Bombay stock Corporate Excellence Received IMC Supply Solar Set up a separate SEZ 2024; exchange Received R &
Slide 17: Diversified Product Range - Inhouse manufacturing of energy efficient products
Diversified Product Range - Inhouse manufacturing of energy efficient products Shakti’s Range of Product Key Differentiators High quality energy efficient stainless steel Pumps 30-40% less energy consumption ~40% more output compared to cast iron pumps Rust & corrosion free ~ 2X life compare to cast
Slide 18: Varied Range of Applications
Varied Range of Applications - Provide less dependency on any one sector Solar Domestic Channel partner with MNRE For domestic needs of bungalows, with top notch 1A ratings, pumps high-rise buildings, housing ranging from 0.5 HP to 300 HP that complexes and apartment. ideally are simple to operate w
Slide 19: Diversified Customer Mix
Diversified Customer Mix – Reduces the customer concentration risk FY2019 FY2020 FY2021 FY2022 FY2023 69% 67% 58% 41% 33% 33% 35% 32% 25% 24% 22% 19% 16% 15% 9% Customers under Govt Projects Export Customers Other Customers Highest revenue share with 2nd largest revenue Other Customers including 67%
Slide 20: State-of-art Manufacturing Facilities
State-of-art Manufacturing Facilities – with strong backend support 1 World class manufacturing unit 2 Additional facilitates 3 Certifications & Approvals Backward Integrated - In-house UL Certificate Unit I – Main unit: (Total Area-16 acres) manufacturing all the key components required for pumps a
Slide 22: Experienced Management Team with robust Corporate Governance Standards
Experienced Management Team with robust Corporate Governance Standards Mr. Dinesh Patidar Chairman Mr. Ramesh Patidar A visionary, self-made industrialist and leader with a strong Managing Director business acumen and knowledge in development of engineering products and management. More than 3 decad
Slide 23: Experienced Management Team with robust Corporate Governance Standards
Experienced Management Team with robust Corporate Governance Standards Dr Chinmay Jain Mr. Ravi Patidar DGM - Electronics and Control Company Secretary An M. E. in electrical engineering from Indian Institute of Science, A Commerce graduate, and also hold the degree of L.L.B. He is Bangalore, he has
Slide 24: Corporate Structure – Providing Global Presence
Corporate Structure – Providing Global Presence SPIL Shakti Pumps India Limited Domestic Foreign Shakti Energy Solutions P Ltd Shakti Pumps 100% WOS based out of USA & Shakti EV Mobility P Ltd* USA, LLC Revenue: ₹ 470 mn, PAT: ₹ 41 mn in FY2023 Shakti Energy - 100% WOS has 1,00,000 solar structures
Slide 26: Why Solar Pumping Systems are need of hour?
Why Solar Pumping Systems are need of hour? Working of a Existing Grid System Pump  A solar-powered pump is a pump PM supporting Solar power running on solar energy to push farmer income generated by photovoltaic panels or the radiated thermal energy PM speech on Solar pump available from collected
Slide 27: Government Initiatives to support Solar Power Generation
Government Initiatives to support Solar Power Generation To promote the Target to setup 280 GW solar power capacity by 2030 green energy agenda (from 49.34 GW as on 31 Dec 2021) Off Grid Launched Grid Connected Various Schemes  Setting up of Solar Parks and Ultra Mega Solar  Pradhan Mantri - Kisan
Slide 28: Kusum - A initiative to transform agriculture sector
Kusum - A initiative to transform agriculture sector In FY 2018-19, a ₹480 bn budget was setup for 10 years period Subsidy scheme to install new solar pumps and replace the existing electrical/diesel pumps to reduce the dependency of grid power Component Addition of 10,000 MW solar power capacity wi
Slide 29: Kusum – Benefitting farmers to the core
Kusum – Benefitting farmers to the core and slowing the base issues in the sector State State Nodal Agency Project Farmer Share State Share MNRE Share Total Rajasthan RHDS - Jaipur PM-KUSUM 40% 30% 30% 100% Haryana HAREDA - Panchkula PM-KUSUM 25% 45% 30% 100% Punjab PEDA - Chandigarh PM-KUSUM 15% -
Slide 30: Kusum - Benefitting Government to move away from fossil to renewable sources
Kusum - Benefitting Government to move away from fossil to renewable sources India Potential – Renewable Energy (RE) ~ 1,100 GW 750 Solar Extremely slow execution Targets to reach 500 GW RE capacities by 2030 of rate so far, just added ~53 which Solar is expected to GW capacities during Apr 300 have
Slide 31: Huge Addressable market for SPIL providing immense opportunities
Huge Addressable market for SPIL providing immense opportunities  Global solar industry was valued at Solar Pumps in India – Market Size (component B & C) Large Headroom for USD 50 bn in 2019 and is estimated Growth - Water Pump Market to grow by 26% to reach USD 200 bn KUSUM 3 & Particulars KUSUM
Slide 32: Recent Orders under PM KUSUM Scheme
Recent Orders under PM KUSUM Scheme ORDERS # of Pumps Order Value* Execution COMPONENT B - Off-Grid Solar Photovoltaic Water Pumping Systems (Rs. Crores) Timeline 15 Sep 2023 Department of Agriculture, Uttar Pradesh 10,000 293.0 90 days ^ 29 Dec 2023 Haryana Renewable Energy Department (HAREDA) 6,40
Slide 33: Emphasizing on technological improvement to further drive future growth
Emphasizing on technological improvement to further drive future growth Awarded 11 patent of 29 allied patents Regular addition of new products  On the back of advanced R&D team and infrastructure,  Providing innovative solutions through its advanced R&D support SPIL filled for 29 patents  Some o
Slide 34: Presence across Continents – Leading to Revenue & Margin expansion
Presence across Continents – Leading to Revenue & Margin expansion Global Presence (100+ countries) Opportunities  Segment reported a CAGR of 11.5% during 2018-21 expecting to Europe 26 countries perform better on the back of new orders which may translate into better overall margins as the segment
Slide 35: Retail demand – Well supported by strong distribution network
Retail demand – Well supported by strong distribution network and new product launch High market penetration  Sells all its products under with strong distribution network “Shakti” Brand  One of the selected bidders among 5-7 L1 bidders for supplying pumps with 1-10 HP 500+ 1200+ Nos of Dealers 
Slide 36: Strong backend support to improve customer connect
Strong backend support to improve customer connect  Availability of many field people who control any issues related to the pumps  Technological advanced company’s pumps can be remotely monitored through “Shakti Remote Monitoring System – Mobile App” with controls built inside the pumps  Controll
Slide 38: Project Execution Process (PM KUSUM Scheme)
Project Execution Process (PM KUSUM Scheme ) General Mechanism Respective Nodal Agency of each state looks after the activities for New & Renewable Energy sector: 60% STEP1: State Government 100% Farmer submits interest for Solar equipment and contributes 10% to State Nodal Agency Work Order STEP2:
Slide 39: ESG Initiatives for Sustainable Growth of Business
ESG Initiatives for Sustainable Growth of Business Environment Empathy Social Responsibility Corporate Governance  The Company has diversified into solar  Installation of solar pumps and systems  The Company is committed to sound energy operated pumps and rooftop across multiple villages in India
Slide 40: Thank You
Shakti Pumps (India) Limited Regd. Office & Works: Plot No. 4O1-,402 & 413, industrial Area, Sector - 3, Pithampur - 454774, Dist. Dhar (M.P.) India. Mr. Dinesh Patel, CFO ✉ dinesh.patel@shaktipumps.com Ernst & Young, LLP Vikash Verma ✉ vikash.verma1@in.ey.com Rohit Anand ✉ rohit.anand4@in.ey.com Ri

Shakti Pumps (India) — Q3 FY2024 Earnings Presentation on 6ix

Shakti Pumps (india) — Q3 FY2024 Earnings Presentation

Slide 1: Exchange filing cover letter

Slide 2: Shakti Pumps (India) Limited Investor Presentation

Slide 3: Disclaimer

Slide 4: Contents

Slide 5: Financial Highlights

Slide 6: Management Commentary on Performance

Slide 7: Recent Developments

Slide 8: Q3 & 9M FY24 Consolidated Income Statement

Slide 9: Quarterly Comparative Charts

Slide 10: Consolidated Income Statement

Slide 11: Consolidated Balance Sheet

Slide 12: Key Financial Highlights

Slide 13: Key Financial Highlights – Key Ratios

Slide 14: Business Overview – Pumping Growth

Slide 15: Company at a Glance

Slide 16: Have been in the pumps business since last 4 decades

Slide 17: Diversified Product Range - Inhouse manufacturing of energy efficient products

Slide 18: Varied Range of Applications

Slide 19: Diversified Customer Mix

Slide 20: State-of-art Manufacturing Facilities

Slide 21: High Tech Manufacturing Facilities

Slide 22: Experienced Management Team with robust Corporate Governance Standards

Slide 23: Experienced Management Team with robust Corporate Governance Standards

Slide 24: Corporate Structure – Providing Global Presence

Slide 25: Key Drivers

Slide 26: Why Solar Pumping Systems are need of hour?

Slide 27: Government Initiatives to support Solar Power Generation

Slide 28: Kusum - A initiative to transform agriculture sector

Slide 29: Kusum – Benefitting farmers to the core

Slide 30: Kusum - Benefitting Government to move away from fossil to renewable sources

Slide 31: Huge Addressable market for SPIL providing immense opportunities

Slide 32: Recent Orders under PM KUSUM Scheme

Slide 33: Emphasizing on technological improvement to further drive future growth

Slide 34: Presence across Continents – Leading to Revenue & Margin expansion

Slide 35: Retail demand – Well supported by strong distribution network

Slide 36: Strong backend support to improve customer connect

Slide 37: Annexure

Slide 38: Project Execution Process (PM KUSUM Scheme)

Slide 39: ESG Initiatives for Sustainable Growth of Business

Slide 40: Thank You