Shakti Pumps (india) Limited · NSE:SHAKTIPUMP
Shakti Pumps (india) — Q3 FY25 Earnings Presentation
48 slides from Shakti Pumps (india)'s earnings presentation, Jan 25, 2025
Slide 1: Regulation 30 cover letter to stock exchanges
Date : ‐ 25/01/2025 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 Q3 & 9M FY25
Shakti Pumps (India) Limited Investor Presentation Q3 & 9M FY25 BSE: 531431 | NSE: SHAKTIPUMP | 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: Table of Contents
Table of Contents 01 Business Overview 02 Shakti’s Competitive Edge 03 Q3 & 9M FY25 Highlights 04 Annual Financial Highlights 05 Annexures 3 © 2025, All Rights Reserved - www.shaktipumps.com
Slide 5: Business Overview
Business Overview
Slide 6: 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 7: Shakti's Competitive Edge
Shakti’s Competitive Edge
Slide 8: 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 9: Pioneer
PIONEER Since its inception in 1982, Shakti Pumps has pioneered the production of 100% energy-efficient stainless-steel submersible solar pumps & motors
Slide 10: Been in the Pumps Business since 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 ₹ 20
Slide 11: Leading player with a strong Market Share
Leading player with a strong Market Share Component B Total Sanctioned Standalone Pumps – 12,32,327 Total Installed Standalone Pumps – 6,16,210 (50% of Sanctioned) ~ 25% SPIL Market Share Pumps Installed by SPIL – 1,34,418 HARYANA PUNJAB Sanctioned Pumps – 1,97,655 Sanctioned Pumps – 33,000 Installe
Slide 12: 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 PM Kusum Scheme focuses on the solarization of 4.9 milli
Slide 13: 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 14: 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 15: 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 16: 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 17: Offers End-to End solutions for Solar Pumping Systems
Offers End-to End solutions for Solar Pumping Systems Solar 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 16 © 2025, All Rights Reserved - www.shaktipump
Slide 18: 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 19: Diversified
DIVERSIFIED Our diversified business model helps strengthening our overall business and ensures stability and resilience
Slide 20: 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 21: 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 22: 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 23: Diversified Customer Mix
Diversified Customer Mix FY20 FY21 FY22 FY23 FY24 69% 67% 69% 58% 32% 33% 35% 24% 21% 22% 19% 16% 15% 9% 10% 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 G
Slide 24: Diversified across Geographies
Diversified across Geographies Global Presence (100+ countries) Revenue from Exports (₹ Mn) FY24 Exports Revenue-mix 22.3% CAGR RoW Middle East Europe 2,861 5.7% 21.3% 26 countries Middle 2,348 North America East Asia 26 15 1,800 1,851 Asia Countries 4 Countries countries 34.2% 1,279 United Oceania
Slide 25: Diversifying Business Model
Diversifying Business Model 2,074 1,786 1,329 1,394 Revenue from Other 1,119 Businesses (₹ Mn) FY20 FY21 FY22 FY23 FY24 Industrial Customers 249 Other Customers Our products are used in industries for variety of purposes such as fire-fighting, sewage, heating Our products are also used for & cooling
Slide 26: 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, charging
Slide 27: 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 Consumer savings on electricity bills aims to provide free electricity to households in India Launched by Prime Minister Narendra Mo
Slide 28: Q3 & 9M FY25 Highlights
Q3 & 9M FY25 Highlights
Slide 29: Management Commentary on Performance
Management Commentary on Performance “I am pleased to share that our company has earned the prestigious “Great Place to Work” certification, a testament to our strong and motivated team, which has contributed to the company’s consistent growth. The company has delivered strong overall financial perf
Slide 30: Strong Order Book
Strong Order Book ORDER BOOK AS ON 31st December 2024 Order Value* (₹ Mn) COMPONENT B - Off-Grid Solar Photovoltaic Water Pumping Systems Maharashtra State Electricity Distribution Company Limited (MSEDCL) & 4,782 Maharashtra Energy Department Agency (MEDA) 4,229 Department of Agriculture, Uttar
Slide 31: Q3 & 9M FY25 Consolidated Income Statement
Q3 & 9M FY25 Consolidated Income Statement Particulars (₹ Mn) Q3FY25 Q3FY24 YoY Q2FY25 QoQ 9MFY25 9MFY24 YoY Revenue from Operations 6,488 4,956 30.9% 6,346 2.2% 18,509 7,615 143.1% EBITDA 1,544 710 117.6% 1,487 3.8% 4,390 941 366.6% EBITDA Margins % 23.8% 14.3% 948 bps 23.4% 36 bps 23.7% 12.4% 1,13
Slide 32: Key Financials Charts
Key Financials Charts Revenue (₹ Mn) EBITDA (₹ Mn) and EBITDA Margin (%) 18,509 23.8% 23.7% 14.3% 12.4% 7,615 6,488 4,956 710 941 1,544 4,390 Q3FY24 Q3FY25 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY24 9MFY25 PAT (₹ Mn) and PAT Margin (%) EPS (₹) 4,000 16.0% 16.1% 18.0% 24.8 16.0% 3,500 14.0% 3,000 2,500 9.1%
Slide 33: Annual Financial Highlights
Annual Financial Highlights
Slide 34: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) FY21 FY22 FY23 FY24 9MFY25 Revenue from Operations 9,297 11,785 9,677 13,707 18,509 EBITDA 1,413 1,105 666 2,248 4,390 EBITDA Margins % 15.2% 9.4% 6.9% 16.4% 23.7% Finance Cost 162 157 192 195 315 Depreciation and Amortization Expense 184 186 184 190
Slide 35: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Mar’ 21 Mar’ 22 Mar’ 23 Mar’ 24 Sep’ 24 Assets Net Fixed Assets 1,481 1,463 1,481 1,878 1,876 Other Non-Current Assets 214 48 152 175 495 Current Assets 5,009 7,126 5,620 12,450 16,129 Total Assets 6,705 8,637 7,253 14,503 18,500 Liabilities Net Worth 3,
Slide 36: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Mn) Mar-24 Sep-24 Cash Flow from Operating Activities Profit Before Tax 1,899 2,640 Adjustment for Non-Operating Items 330 278 Operating Profit before Working Capital Changes 2,229 2,918 Changes in Working Capital (1,333) (2,765) Cash Generated from Op
Slide 37: 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 13,707 11,785 9,297 9,677 14.1% 4.4% 5.5% 4.7% 9.4% 10.8% 4.8% 2,248 17.7% 9.4% 11.7% 3,828 1,413
Slide 38: Key Financial Highlights – Key Ratios
Key Financial Highlights – Key Ratios Optimum Capital Structure with High Coverage Ratio (x) Improving working capital cycle Gearing Interest Coverage Ratio Debt Service Coverage Ratio Average Collection Period (Days) Average Inventory (Days) Average Creditors (Days) 11.5 8.8 9.3 212 178 172 7.1 119
Slide 39: Annexures
Annexures
Slide 40: 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 18 years of experience in Shakti. Loo
Slide 41: 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 Enginee
Slide 42: Corporate Structure – Providing Global Presence
Corporate Structure – Providing Global Presence Shakti Pumps (India) Limited Domestic Foreign Shakti Energy Solutions P 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
Slide 43: 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 44: 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 45: 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 46: 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 100% and contributes 10% to State Nodal Agency STEP2: 60% MNRE contributes 30% to Stat
Slide 47: 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 48: 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