Shakti Pumps Q1 FY27 investor deck: Rs 10,000 Mn order book, margins under pressure
SHAKTIPUMP · price
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Shakti Pumps filed its Q1 FY27 investor deck. Q1 revenue hit a record Rs 8,587 Mn; solar pump installations up 58% YoY. EBITDA margin was 9.6% versus 15.6% in FY26 as management flagged input cost and realization pressures. Order book stands at Rs 10,000 Mn as of 22 July, led by Magel Tyala (Rs 5,220 Mn) and Karnataka (Rs 2,350 Mn). A Rs 17,000 Mn capex will double core capacity and add 2.2 GW solar cell and module plant, with 0.5 GW DCR module unit due September 2026 seen as a margin lever. Debt-equity 0.3x.
Order book and capex back growth visibility, but margin pressure from input costs and lower realizations is a near-term concern for shareholders.