Shakti Pumps (india) Limited · NSE:SHAKTIPUMP
Shakti Pumps (india) — Q4 FY25 Earnings Presentation
50 slides from Shakti Pumps (india)'s earnings presentation, May 10, 2025
Slide 1: Shakti Pumps (India) Limited Investor Presentation Q4 & FY25
Shakti Pumps (India) Limited Investor Presentation Q4 & FY25 BSE: 531431 | NSE: SHAKTIPUMP | ISIN: INE908D0101
Slide 2: 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 3: Table of Contents
Table of Contents 01 Q4 & FY25 Highlights 02 Business Overview 03 Shakti’s Competitive Edge 04 Annual Financial Highlights 05 Annexures 3 © 2025, All Rights Reserved - www.shaktipumps.com
Slide 4: Q4 & FY25 Highlights
Q4 & FY25 Highlights
Slide 5: Management Commentary on Performance
Management Commentary on Performance “We are delighted to report a remarkable financial performance in FY25, marked by substantial growth across all key metrics. We reported our highest-ever Revenue of Rs. 25,162 Mn, which surged by 83.6% YoY, while PAT grew exceptionally by 188.2% to Rs. 4,084 Mn.
Slide 6: Strong Order Book
Strong Order Book CURRENT OUTSTANDING ORDER BOOK as on 09th May 2025 Order Value* (₹ Mn) COMPONENT B - Off-Grid Solar Photovoltaic Water Pumping Systems Maharashtra State Electricity Distribution Company Limited (MSEDCL) & Maharashtra Energy Department Agency (MEDA) 1,150 Haryana Renewable Energ
Slide 7: Q4 & FY25 Consolidated Income Statement
Q4 & FY25 Consolidated Income Statement Particulars (₹ Mn) Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Revenue from Operations 6,653 6,093 9.2% 6,488 2.6% 25,162 13,707 83.6% EBITDA 1,639 1,308 25.4% 1,544 6.2% 6,030 2,248 168.2% EBITDA Margins % 24.6% 21.5% 318 bps 23.8% 84 bps 24.0% 16.4% 756 bps F
Slide 8: Key Financials Charts
Key Financials Charts Revenue (₹ Mn) EBITDA (₹ Mn) and EBITDA Margin (%) 25,162 24.6% 24.0% 21.5% 16.4% 6,030 13,707 6,093 6,653 2,248 1,308 1,639 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 PAT (₹ Mn) and PAT Margin (%) EPS (₹) 16.6% 16.2% 34.0 5,000 14.7% 18.0% 16.0% 4,084 10.3% 14.0% 4,000 12
Slide 9: Business Overview
Business Overview
Slide 10: Shakti Pumps at a Glance
Shakti Pumps at a Glance Business Overview Diversified Business Model A leading integrated player manufacturing fabrication technology- Product-wise Customer-wise based solar/electricity operating submersible pumps in India, with an export presence in 100+ countries Solar Complete Systems (SWPS) Gov
Slide 11: Shakti's Competitive Edge
Shakti’s Competitive Edge
Slide 12: Competitive Edge
Competitive Edge 4+ decades of experience Leading player in the Solar Pumps industry PIONEER Strong Industry Tailwinds provides further opportunity to grow – Government’s continued focus to support farmer’s wellbeing – Various Government Schemes to provide sustainable business opportunities
Slide 13: PIONEER
PIONEER Since its inception in 1982, Shakti Pumps has pioneered the production of 100% energy-efficient stainless-steel submersible solar pumps & motors
Slide 14: Been in the Pumps Business since last 4 Decades
Been in the Pumps Business since last 4 Decades Successfully Received 1st patent completed QIP Issue Started the SSI Listed on the Set up a separate Corporate Received R & D Implementation unit by Patidar Bombay stock SEZ Unit, expansion Excellence Award at Recognition from Govt. of PM-KUSUM of ₹ 2,
Slide 15: Leading player with a strong Market Share
Leading player with a strong Market Share Component B Total Sanctioned Standalone Pumps – 12,24,229 Total Installed Standalone Pumps – 7,70,777 (63% of Sanctioned) ~ 25% SPIL Market Share Pumps Installed by SPIL – 1,52,594 HARYANA PUNJAB Sanctioned Pumps – 1,97,655 Sanctioned Pumps – 33,000 Installe
Slide 16: Opportunity of Solar Pumps through various schemes
Opportunity of Solar Pumps through various schemes Solar Pumps – Market Size Schemes introduced by the Govt. Particulars Market Size Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) Scheme Total No. of Farmers ~ 140-145 Mn Under PM Kusum Scheme the Government is expected to inst
Slide 17: Execution Process & Guidelines under PM KUSUM Scheme
Execution Process & Guidelines under 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 and STEP2: 100% contributes 10% to State Nodal Agency 60% MNRE contributes 30%
Slide 18: Why Solar Pumps?
Why Solar Pumps? Adoption of solar energy-based irrigation and rooftop electricity generation will help reduce carbon footprint & achieve climate goals Benefits to Farmers Benefits to DISCOMs Uninterrupted power supply helps farmers Zero Capital Investment and reduction to adopt micro irrigation whi
Slide 19: Solarization of Agricultural pumps aims to reduce T&D Losses
Solarization of Agricultural pumps aims to reduce T&D Losses Average Billing Rate (in Rs. / kWh) Transmission & Distribution Losses Agriculture Commercial Domestic Industrial 16.9% 8.6 8.6 8.7 8.8 16.6% 7.8 7.6 7.8 8.0 5.7 5.9 5.1 5.3 15.2% 4.3 4.2 4.1 3.5 14.8% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY
Slide 20: Govt. focus on Agriculture and Renewable Energy
Govt. focus on Agriculture and Renewable Energy Why is Govt. focusing on Agriculture? Why Renewable Energy push is important for the Govt.? Contributes 17% to the total Target of installing 500 GW of RE GDP of the country capacity by 2030; while current capacity is at 190 GW Provides employment to 5
Slide 21: INTEGRATED
INTEGRATED In-house manufacturing capabilities for all key components required for pumps and motor manufacturing, ensuring complete control over quality and supply chain efficiency
Slide 22: State-of-art Manufacturing Facilities
State-of-art Manufacturing Facilities – with strong technical capability Main Unit (I) Backward Integration: 3,50,000 per annum Pumps & Motors Capacity Spread across 16 acres – In-house manufacturing all the key components required for pumps 4”, 6”, 8” & 10” Motor Manufacturing Plant and motor
Slide 23: Offers End-to End solutions for Solar Pumping Systems
Offers End-to End solutions for Solar Pumping Systems Solar DCR Cell and Panel (procured domestically) Inhouse manufacturing Surface pump Pump Controller Solar Mounting of critical Structure components in Ground level Solar Pumping value chain Submersible pump Well 23 © 2025, All Rights Reserved - w
Slide 24: Robust Research & Development Capabilities
Robust Research & Development Capabilities R&D facility R&D wing Advanced R&D Received 15 certified from Computerised supported by IIT facilities to product patents Department of Testing Facility to Delhi under the develop till date out of 29 Scientific & maintain high Government of innovative paten
Slide 25: DIVERSIFIED
DIVERSIFIED Our diversified business model helps strengthening our overall business and ensures stability and resilience
Slide 26: Diversified Product Range with varied applications (1/2)
Diversified Product Range with varied applications (1/2) Shakti’s Range of Pumps Submersible Pumps Solar Pumps Stainless pumps with energy efficient duty points Suitable for daytime irrigation for 6-8 hrs/day, ranging 0.1-335 m3/h power range 900W-4800W Application: Irrigation Systems, Groundwater A
Slide 27: Diversified Product Range with varied applications (2/2)
Diversified Product Range with varied applications (2/2) Shakti’s Range of motors Shakti’s Range of Controllers, Mounting structure and others Submersible Motors Kalpavriksha Universal Solar Shakti Solar Simha Drive Pump Controller Fitted with water lubricated radial and thrust Rust-proof, rain-proo
Slide 28: Varied Range of Applications
Varied Range of Applications - Provide less dependency on any one sector Solar Domestic Channel partner with MNRE with top notch 1A For domestic needs of bungalows, high-rise ratings, pumps ranging from 0.5 HP to 300 HP that buildings, housing complexes and apartment. are simple to operate with remo
Slide 29: Diversified Customer Mix
Diversified Customer Mix FY21 FY22 FY23 FY24 FY25 77% 69% 67% 69% 58% 24% 21% 22% 19% 16% 17% 15% 9% 10% 6% Customers under Govt. Projects Export Customers Other Customers • Supplies solar pumps to farmers • Supplies water pumping systems Supplies its pumps, motors & various through various State Go
Slide 30: Diversified across Geographies
Diversified across Geographies Global Presence (100+ countries) Revenue from Exports (₹ Mn) FY25 Exports Revenue-mix 24.8% CAGR RoW 4,368 Middle East Asia 13.8% Europe 26 24.8% North countries Middle 3.4% America East Asia 2,861 26 15 Countries 2,348 4 Countries countries 1,800 1,851 Africa Oceania
Slide 31: Diversifying Business Model
Diversifying Business Model 2,074 1,786 1,394 1,408 Revenue from Other 1,119 Businesses (₹ Mn) FY21 FY22 FY23 FY24 FY25 Industrial Customers Other Customers 300 Our products are used in industries for variety of purposes such as fire-fighting, sewage, heating Our products are also used for & cooling
Slide 32: Further expanding in Retail / Cash business
Further expanding in Retail / Cash business About Retail Business Benefits to farmers of buying in Retail Directly through ➢ We provide our products and services to customers both directly Through Govt. Subsidy Distributors and via a network of dealers and distributors Pump Cost ➢ Our sales and mark
Slide 33: Targeting New Opportunities - Electric Vehicles Segment
Targeting New Opportunities - Electric Vehicles Segment With a view towards incorporating Climate Change in its purview, Shakti EV Mobility Pvt. Ltd. was incorporated as a wholly-owned subsidiary by SPIL in December 2021 The subsidiary is engaged in the manufacturing and sale of EV motors, chargers,
Slide 34: Targeting New Opportunities - Solar Rooftop
Targeting New Opportunities - Solar Rooftop PM Surya Ghar: Muft Bijli Yojana Benefits of Solar Rooftop PM Surya Ghar: Muft Bijli Yojana is a government scheme that aims to Consumer savings on electricity bills provide free electricity to households in India, launched by PM Narendra Modi on Februar
Slide 35: Key Strengths
Key Strengths Established industry presence with a proven A leading player in the PM KUSUM Scheme track record, driving strong brand holding a significant market share in recognition for its products key agricultural states Fully Integrated manufacturing facilities A diversified portfolio of high-qu
Slide 36: Annual Financial Highlights
Annual Financial Highlights
Slide 37: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 9,297 11,785 9,677 13,707 25,162 EBITDA 1,413 1,105 666 2,248 6,030 EBITDA Margins % 15.2% 9.4% 6.9% 16.4% 24.0% Finance Cost 162 157 192 195 443 Depreciation and Amortization Expense 184 186 184 190 20
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Mar’ 21 Mar’ 22 Mar’ 23 Mar’ 24 Mar’ 25 Assets Net Fixed Assets 1,481 1,463 1,481 1,878 2,595 Other Non-Current Assets 214 48 152 175 490 Current Assets 5,009 7,126 5,620 12,450 16,659 Total Assets 6,705 8,637 7,253 14,503 19,744 Liabilities Net Worth 3,
Slide 39: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Mn) Mar-24 Mar-25 Cash Flow from Operating Activities Profit Before Tax 1,899 5,558 Adjustment for Non-Operating Items 338 634 Operating Profit before Working Capital Changes 2,237 6,192 Changes in Working Capital (1,381) (4,632) Cash Generated from Op
Slide 40: Key Financial Highlights
Key Financial Highlights Revenue driven by improved demand of Solar pumps (₹ Mn) Break-up of Operating Costs as a % of Revenue Revenue EBITDA PAT Cost of Materials Consumed Other Expenses Employee Cost 25,162 4.4% 5.5% 4.7% 9.4% 10.8% 4.8% 4.0% 9.4% 11.7% 9.8% 13,707 11,785 6,030 9,297 9,677 76.8% 7
Slide 41: Key Financial Highlights – Key Ratios
Key Financial Highlights – Key Ratios Despite growing revenues, receivable days have declined to 152 days Optimum Capital Structure with High Coverage Ratio (x) from 178 days in FY24 Gearing Interest Coverage Ratio Debt Service Coverage Ratio 13.6 Average Debtors (Days) Average Inventory (Days) Aver
Slide 42: Annexures
Annexures
Slide 43: Experienced Management Team
Experienced Management Team Mr. Dinesh Patidar Mr. Ramesh Patidar Chairman Managing Director A visionary, self-made industrialist and leader with a strong A Graduate in Business Administration with having more business acumen and knowledge in development of than 19 years of experience in Shakti. Loo
Slide 44: Board of Directors
Board of Directors Mr. Hirabhai Somabhai Patel Mr. Bhim Singh Independent Director Independent Director A retired IAS officer and has held various reputable A SERB National Science Chair & Emeritus Professor, positions in different departments. Notably, he has been Department of Electrical Engineeri
Slide 45: Corporate Structure – Providing Global Presence
Corporate Structure – Providing Global Presence Shakti Pumps (India) Limited Domestic Foreign Shakti Energy Solutions Ltd Shakti Pumps (USA, LLC) Shakti Energy - 100% WOS has 1,00,000 solar structures annual capacity 100% WOS based out of USA located in Pithampur (MP), Currently only doing captive p
Slide 46: Strong Technological Advancements…
Strong Technological Advancements… Patent Name Benefits from the Technology Unidirectional Solar Water Pump with Grid Tied Enhances efficiency by feeding excess power to the grid and conserves water and electricity by 1 power Generation adjusting the pump's discharge according to the water requireme
Slide 47: Strong Technological Advancements…
Strong Technological Advancements… Patent Name Benefits from the Technology Solar Flour Mill Addresses electricity scarcity in rural areas, reduces costs and pollution, and supports farmers' 9 additional income Surface Helical Pump Construction with Collinear Ensures consistent water flow despite RO
Slide 48: 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 49: PM KUSUM – Progress till Date
PM KUSUM – Progress till Date 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% - SC, 20% - Gen. 45% 30% 100% Himachal Pradesh SDSCO -
Slide 50: Thank You
Shakti Pumps (India) Limited Dinesh Patel Chief Financial Officer dinesh.patel@shaktipumps.com Thank Ernst & Young LLP You Vikash Verma / Rohit Anand / Riddhant Kapur vikash.verma1@in.ey.com rohit.anand4@in.ey.com riddhant.kapur@in.ey.com