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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shakti Pumps (India) Ltd

About the Company - Shakti Pumps (India) Ltd

Shakti Pumps (India) Ltd. is a Public Limited Listed company incorporated on 21/04/1995 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L29120MP1995PLC009327 and registration number is 009327. Currently Company is involved in the business activities of Manufacture of other pumps, compressors, taps and valves etc.. Company’s Total Operating Revenue is Rs. 1124.06 Cr. and Equity Capital is Rs. 18.38 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
PumpsPlot No. 401, 402 and 413, Sector III, Dhar District Madhya Pradesh 454774info@shaktipumpsindia.com
http://www.shaktipumps.com
Management
NamePosition Held
Mr. Dinesh PatidarChairman & Wholetime Director
Mr. Ramesh PatidarManaging Director
Mr. Sunil PatidarWhole Time Director
Mr. Navin Sunderlal PatwaIndependent Director
Mr. Keyur Bipinchandra ThakerIndependent Director
Mrs. Nishtha NeemaIndependent Woman Director

Shakti Pumps (India) Ltd. Share Price Update

Share PriceValue
Today₹1,456.25
Previous Day₹1,449.05

Basic Stock Data of Shakti Pumps (India) Ltd

Market Cap 2,463 Cr.
Current Price 1,340
High / Low1,604/388
Stock P/E45.4
Book Value 229
Dividend Yield0.15 %
ROCE10.4 %
ROE5.95 %
Face Value 10.0

Data Source: screener.in

Competitors of Shakti Pumps (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Shakti Pumps (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales201.09316.66319.71156.31369.02268.63384.58254.48216.32314.22182.66113.06152.78
Expenses170.30266.65269.75143.69334.75241.33348.32233.14203.88292.34171.77105.13137.57
Operating Profit30.7950.0149.9612.6234.2727.3036.2621.3412.4421.8810.897.9315.21
OPM %15.31%15.79%15.63%8.07%9.29%10.16%9.43%8.39%5.75%6.96%5.96%7.01%9.96%
Other Income0.650.671.401.250.752.241.901.080.720.880.580.540.76
Interest4.334.123.262.723.304.694.966.015.733.374.053.113.81
Depreciation4.644.584.544.664.714.624.584.674.724.554.464.634.79
Profit before tax22.4741.9843.566.4927.0120.2328.6211.742.7114.842.960.737.37
Tax %32.22%36.78%29.98%-12.48%23.07%26.89%23.27%25.55%29.89%24.19%23.99%-36.99%20.49%
Net Profit15.2426.5330.507.2920.7814.7921.968.741.9011.252.251.005.86
EPS in Rs8.2914.4316.593.9711.318.0511.954.761.036.121.220.543.19

Shakti Pumps (India) Ltd Quarterly Chart

Shakti Pumps (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1672092922972644284355443839301,179968763
Expenses1361792492492443683564543717881,068901707
Operating Profit3130434720607889121421106756
OPM %18%14%15%16%8%14%18%16%3%15%9%7%7%
Other Income171011923444633
Interest9121313141714182116161914
Depreciation45710121314151718191818
Profit before tax182034363335460-22111823226
Tax %24%14%27%26%58%35%35%25%35%32%21%25%
Net Profit141725261223545-1476652420
EPS in Rs9.8511.0316.3915.700.6411.7818.9624.53-7.6641.1335.2713.1311.07
Dividend Payout %10%9%12%13%0%0%20%20%0%19%6%15%

Shakti Pumps (India) Ltd Profit & Loss Yearly Chart

Shakti Pumps (India) Ltd Growth

Compounded Sales Growth
10 Years:17%
5 Years:17%
3 Years:36%
TTM:-19%
Compounded Profit Growth
10 Years:4%
5 Years:-7%
3 Years:55%
TTM:24%
Stock Price CAGR
10 Years:34%
5 Years:29%
3 Years:34%
1 Year:212%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:15%
Last Year:6%

Shakti Pumps (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14151517171818181818181818
Reserves6994115175170205235272247322375400403
Preference Capital00015150000000
Borrowings8392113102104891101781937910675136
Other Liabilities43446577751069411583251364232298
Total Liabilities209245308371366419457583541671864725855
Fixed Assets528090106110121121140153147146147146
CWIP702580012111214
Investments1000000000000
Other Assets149165217261248298336431387522717577695
Total Assets209245308371366419457583541671864725855

Shakti Pumps (India) Ltd Reserves and Borrowings Chart

Shakti Pumps (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 152918-4335320-2501411739
Cash from Investing Activity -20-29-29-25-18-17-19-44-350-8-12
Cash from Financing Activity 7-21228-14-33642-14-1260-47
Net Cash Flow3-21-1126-511510-20

Shakti Pumps (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days901051051249611812012111910411992
Inventory Days2832552072733021611781512127487102
Days Payable57757975699176807510211562
Cash Conversion Cycle3162842333233301892221922567691131
Working Capital Days1931641261881871381811922368998123
ROCE %17%21%18%5%16%20%19%-0%29%21%10%

Shakti Pumps (India) Ltd Financial Efficiency Indicators Chart

Shakti Pumps (India) Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters54.66%54.66%54.66%54.66%54.82%54.82%54.82%55.95%56.14%56.22%56.22%56.22%
FIIs0.60%2.64%0.00%1.47%0.44%0.27%0.34%0.36%0.35%0.39%0.64%0.49%
DIIs2.40%1.17%2.51%0.07%0.08%0.06%0.00%0.00%0.00%0.15%0.22%0.31%
Public42.34%41.53%42.82%43.79%44.66%44.85%44.83%43.68%43.53%43.23%42.93%43.00%
No. of Shareholders18,57731,15435,70339,83942,01841,65942,78444,27342,63645,54145,27947,502

Shakti Pumps (India) Ltd Shareholding Pattern Chart

No. of Shakti Pumps (India) Ltd Shareholders

This stock is not held by any mutual fund

Shakti Pumps (India) Ltd ROCE Trend

Shakti Pumps (India) Ltd EPS Trend

Shakti Pumps (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)13.1335.2641.12-7.6624.52
Diluted EPS (Rs.)13.1335.2641.12-7.6624.52
Cash EPS (Rs.)23.1445.3751.121.7032.71
Book Value[Excl.RevalReserv]/Share (Rs.)227.45213.91185.31144.26157.99
Book Value[Incl.RevalReserv]/Share (Rs.)227.45213.91185.31144.26157.99
Revenue From Operations / Share (Rs.)526.48641.20505.80208.28297.30
PBDIT / Share (Rs.)37.9863.4379.348.8950.58
PBIT / Share (Rs.)27.9753.3369.34-0.4642.40
PBT / Share (Rs.)17.5444.8060.52-11.7832.71
Net Profit / Share (Rs.)13.1335.2641.12-7.6624.52
NP After MI And SOA / Share (Rs.)13.1335.2641.12-7.6624.52
PBDIT Margin (%)7.219.8915.684.2617.01
PBIT Margin (%)5.318.3113.71-0.2214.26
PBT Margin (%)3.336.9811.96-5.6511.00
Net Profit Margin (%)2.495.498.13-3.678.24
NP After MI And SOA Margin (%)2.495.498.13-3.678.24
Return on Networth / Equity (%)5.7716.4822.19-5.3015.52
Return on Capital Employeed (%)11.8123.5433.70-0.2823.75
Return On Assets (%)3.327.5011.27-2.607.72
Long Term Debt / Equity (X)0.010.020.050.090.07
Total Debt / Equity (X)0.170.260.260.690.58
Asset Turnover Ratio (%)1.221.541.520.651.05
Current Ratio (X)1.941.591.711.531.61
Quick Ratio (X)1.221.111.260.921.08
Inventory Turnover Ratio (X)3.525.474.792.022.89
Dividend Payout Ratio (NP) (%)15.2322.680.00-78.7018.18
Dividend Payout Ratio (CP) (%)8.6417.630.00355.0413.63
Earning Retention Ratio (%)84.7777.320.00178.7081.82
Cash Earning Retention Ratio (%)91.3682.370.00-255.0486.37
Interest Coverage Ratio (X)3.647.448.990.785.22
Interest Coverage Ratio (Post Tax) (X)2.265.135.660.323.53
Enterprise Value (Cr.)799.01903.14996.11363.06879.28
EV / Net Operating Revenue (X)0.820.761.070.941.61
EV / EBITDA (X)11.447.756.8322.229.46
MarketCap / Net Operating Revenue (X)0.760.711.020.561.33
Retention Ratios (%)84.7677.310.00178.7081.81
Price / BV (X)1.782.142.780.812.51
Price / Net Operating Revenue (X)0.760.711.020.561.33
EarningsYield0.030.070.07-0.060.06

Shakti Pumps (India) Ltd Profitability Ratios (%)

Shakti Pumps (India) Ltd Liquidity Ratios

Shakti Pumps (India) Ltd Liquidity Ratios (%)

Shakti Pumps (India) Ltd Interest Coverage Ratios (X)

Shakti Pumps (India) Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shakti Pumps (India) Ltd

Fair Value: ₹619.53

The stock is overvalued by 53.77% compared to the current price ₹1340

*Investments are subject to market risks

Strength and Weakness of Shakti Pumps (India) Ltd

StrengthWeakness
  1. The company has higher reserves (237.08 cr) compared to borrowings (2.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (437.00 cr) and profit (37.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 38.52 and average Dividend Yield of 8.27%.
  2. The stock has a low average ROCE of 14.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 159.58, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 220.25, which may not be favorable.

Should I Buy Shakti Pumps (India) Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shakti Pumps (India) Ltd:
    1. Net Profit Margin: 2.49%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.81% (Industry Average ROCE: 0%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 2.26
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.22
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 50.2 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.17
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shakti Pumps (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE