Shakti Pumps (india) Limited · NSE:SHAKTIPUMP

Shakti Pumps (india) — Investor Presentation (April 2024)

41 slides from Shakti Pumps (india)'s investor presentation, Apr 2, 2024

Slide 1: Regulation 30 filing cover letter to stock exchanges
Date: - 02/04/2024 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 April 2024
Shakti Pumps (India) Limited BSE: 531431 NSE: SHAKTIPUMP © 2024, All Rights Reserved - www.shaktipumps.com Investor Presentation | April 2024 ISIN: INE908D0101
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 4: Business Overview
1 Business Overview Segment Information Government Projects Exports and Other Segments Investment Rationale Financials Annexures © 2024, All Rights Reserved - www.shaktipumps.com
Slide 5: 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 & an integrated player focused on gas, metals & mining and others manufacturing of fabrication technology
Slide 6: Been in the Pumps Business since last 4 Decades
Been in the Pumps Business since last 4 Decades Commenced Received first operations in Implementation of patent Listed on the Uganda to Successfully PM-KUSUM scheme Received IMC Supply Solar Bombay stock Corporate Excellence completed QIP Set up a separate SEZ Received R & D RBNQ Powered Water Start
Slide 7: State-of-art Manufacturing Facilities – with strong backend support
State-of-art Manufacturing Facilities – with strong backend support 1 World class manufacturing unit 2 Additional facilitates 3 Certifications & Approvals Backward Integrated - In-house Unit I – Main unit: (Total Area-16 acres) manufacturing all the key Main Unit (I) components required for pumps an
Slide 9: 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 10: Varied Range of Applications - Provide less dependency on any one sector
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 11: Segment Information
Business Overview 2 Segment Information Government Projects Exports and Other Segments Investment Rationale Financials Annexures © 2024, All Rights Reserved - www.shaktipumps.com
Slide 12: Diversified Customer Mix – Reduces the customer concentration risk
Diversified Customer Mix – Reduces the customer concentration risk Government SPIL supplies solar pumps to farmers through various State Governments • PM KUSUM Scheme (Component B & C) 67% Projects Revenue Share • Non PM KUSUM Scheme in FY23 Exports SPIL supplies solar enabled water pumping systems
Slide 13: Diversified Customer Mix – Reduces the customer concentration risk
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 segment Other Customers inclu
Slide 14: Government Projects
Business Overview Segment Information Government 2.1 Projects Exports and Other Segments Investment Rationale Financials Annexures © 2024, All Rights Reserved - www.shaktipumps.com
Slide 15: Why are Solar Pumping Systems the need of the hour?
Why are Solar Pumping Systems the need of the hour? Working of a Existing Grid System Pump ▪ A solar-powered pump is a pump PM supporting Solar power to running on solar energy push farmer income generated by photovoltaic panels or the radiated thermal energy PM speech on Solar pump available from c
Slide 16: 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 ▪ Pradhan Mantri - Kisan Urja Suraksha Evam ▪ PM KUSUM scheme (Component
Slide 17: PM KUSUM - An initiative to transform the Agriculture sector
PM KUSUM - An initiative to transform the Agriculture sector In FY 2018-19, a ₹480 bn budget was setup for a 10-year period Subsidy scheme to install new solar pumps and replace the existing electrical/diesel pumps to reduce the dependency of grid power Solar Pumps – Market Size Component Addition o
Slide 18: PM KUSUM – Benefitting farmers to the core
PM KUSUM – Benefitting farmers to the core and slowing 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% - S
Slide 19: SPIL – Government Projects Performance
SPIL – Government Projects Performance • Under Government Projects, SPIL provides submersible stainless steel pumps and energy efficient motors to the farmers • Includes implementation and back-end support to farmers, helping them with improved efficiency and crop productivity SPIL has ~24% domestic
Slide 20: Exports and Other Segments
Business Overview Segment Information Government Projects 2.2 Exports and Other Segments Investment Rationale Financials Annexures © 2024, All Rights Reserved - www.shaktipumps.com
Slide 21: Presence across Continents – Leading to Revenue & Margin expansion
Presence across Continents – Leading to Revenue & Margin expansion Global Presence (100+ countries) Revenue from Exports (Rs. Crores) 13.8% CAGR Europe 26 countries North America Middle East Asia 4 Countries 26 countries 15 Countries 235 180 185 197 Oceania 139 128 Africa 3 Countries 29 countries FY
Slide 22: Other Businesses - Industrial, OEM, Retail & Others
Other Businesses - Industrial, OEM, Retail & Others Revenue from Other Businesses (Rs. Crores) Other Businesses include Industrial Customers OEM Customers Our products are used in Under this, the company sells its industries for variety of purposes products to solar OEM players such as fire-fighting
Slide 23: New Businesses - Electric Vehicles Segment
New Businesses - Electric Vehicles Segment ▪ With a view towards incorporating Climate Change in its purview, Shakti EV Mobility was incorporated as a wholly-owned subsidiary by SPIL in December 2021 ▪ The subsidiary is engaged in the manufacturing and sale of EV motors, charging stations, battery m
Slide 24: Investment Rationale
Business Overview Segment Information Government Projects Exports and Other Segments 3 Investment Rationale Financials Annexures © 2024, All Rights Reserved - www.shaktipumps.com
Slide 25: Why Shakti Pumps?
Why Shakti Pumps? Strong Order Book Additional Orders Total Order Book of (post 31st December 2023 till date) Rs. 2,250 Crores ~ Rs. 250 Crores as on 31st December 2023; from to be executed within 2 years Haryana (Rs. 84.3 Crores) (~2.3 times of Consolidated Revenue in FY23) Haryana (Rs. 73.3 Crores
Slide 26: Pumps Industry Market Size & Opportunity
Pumps Industry Market Size & Opportunity in Rs. Billion Overall Pumps Market Size Submersible Pumps Market Size Solar Pumps Market Size 10.9% 10,071 Global Industry 12.5% 6.9% 5,987 3,021 8.5% 16.3% 4,270 12.1% 806 1,672 1,110 379 214 CY18 CY23 CY28 CY18 CY23 CY28 CY18 CY23 CY28 13.9% 365 Indian Ind
Slide 28: 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 29: 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 30: 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 31: 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 32: 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% 884451 756 648 666 241 59.3% 114 -141 FY 2019 FY 20
Slide 33: 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 34: Stock Price Movement & Information
Stock Price Movement & Information 52-Week Stock Price Movement Key Domestic Institutional Investors LIC Mutual Fund SBI Mutual Fund Post completion of QIP Issue on 22nd March 2024 Stock Information as on 28th March 2024 BSE Ticker 531431 NSE Symbol SHAKTIPUMP Capital Goods Industry (Solar Pumps) Ma
Slide 36: 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 37: Experienced Management Team
Experienced Management Team Mr. Dinesh Patidar Mr. Ramesh Patidar Managing Director Chairman A Graduate in Business Administration with having A visionary, self-made industrialist and leader with a more than 18 years of experience in Shakti. Looks after strong business acumen and knowledge in develo
Slide 38: Experienced Management Team
Experienced Management Team Dr Chinmay Jain Mr. Ravi Patidar Chief Technical Officer Company Secretary An M. E. in electrical engineering from Indian Institute of A Commerce graduate, and also hold the degree of Science, Bangalore, he has a Ph. D. degree from the L.L.B. He is an Associate Member of
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: 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: STEP1: Farmer submits interest for Solar equipment 60% and contributes 10% to State Nodal Agency State Government 100% STEP2: MNRE contri
Slide 41: Thank You
THANK YOU Shakti Pumps (India) Limited: Ernst & Young, LLP: Mr. Dinesh Patel, CFO Vikash Verma ✉ dinesh.patel@shaktipumps.com ✉ vikash.verma1@in.ey.com Rohit Anand ✉ rohit.anand4@in.ey.com Riddhant Kapur ✉ riddhant.kapur@in.ey.com Regd. Office & Works: Plot No. 4O1-,402 & 413, industrial Area, Secto

Shakti Pumps (India) — Investor Presentation (April 2024) on 6ix

Shakti Pumps (india) — Investor Presentation (April 2024)

Slide 1: Regulation 30 filing cover letter to stock exchanges

Slide 2: Shakti Pumps (India) Limited Investor Presentation April 2024

Slide 3: Disclaimer

Slide 4: Business Overview

Slide 5: Company at a Glance

Slide 6: Been in the Pumps Business since last 4 Decades

Slide 7: State-of-art Manufacturing Facilities – with strong backend support

Slide 8: High Tech Manufacturing Facilities - Defining global standards

Slide 9: Diversified Product Range - Inhouse manufacturing of energy efficient products

Slide 10: Varied Range of Applications - Provide less dependency on any one sector

Slide 11: Segment Information

Slide 12: Diversified Customer Mix – Reduces the customer concentration risk

Slide 13: Diversified Customer Mix – Reduces the customer concentration risk

Slide 14: Government Projects

Slide 15: Why are Solar Pumping Systems the need of the hour?

Slide 16: Government Initiatives to support Solar Power Generation

Slide 17: PM KUSUM - An initiative to transform the Agriculture sector

Slide 18: PM KUSUM – Benefitting farmers to the core

Slide 19: SPIL – Government Projects Performance

Slide 20: Exports and Other Segments

Slide 21: Presence across Continents – Leading to Revenue & Margin expansion

Slide 22: Other Businesses - Industrial, OEM, Retail & Others

Slide 23: New Businesses - Electric Vehicles Segment

Slide 24: Investment Rationale

Slide 25: Why Shakti Pumps?

Slide 26: Pumps Industry Market Size & Opportunity

Slide 27: Financials

Slide 28: Q3 & 9M FY24 Consolidated Income Statement

Slide 29: Quarterly Comparative Charts

Slide 30: Consolidated Income Statement

Slide 31: Consolidated Balance Sheet

Slide 32: Key Financial Highlights

Slide 33: Key Financial Highlights – Key Ratios

Slide 34: Stock Price Movement & Information

Slide 35: Annexures

Slide 36: Corporate Structure – Providing Global Presence

Slide 37: Experienced Management Team

Slide 38: Experienced Management Team

Slide 39: ESG Initiatives for Sustainable Growth of Business

Slide 40: Project Execution Process (PM KUSUM Scheme)

Slide 41: Thank You