Manufactures pumps, motors, solar pumping systems and related electrical equipment, with solar modules and cells added through backward integration. Q1 FY27 revenue of ₹859 cr was driven by 27,678 solar pump installations, with Indian sales flowing largely through state-led solar pump programs such as Magel Tyala and Karnataka. India accounts for 96.1% of FY26 segment revenue (₹2,688.93 cr, EBIT ₹403.64 cr) and overseas 3.9% (₹109.99 cr, EBIT ₹14.58 cr), with exports reaching 100 countries. The order book stood at ₹1,000 cr as of July 22, 2026, with an export order run rate of ₹100 cr/quarter and a separate ₹353.89 cr empanelment from Maharashtra State Electricity Distribution Co. for 15,000 off-grid solar pumping systems. Two solar module/cell projects are under construction with commissioning targeted in September 2026 (0.5 GW DCR module) and September 2027 (2.2 GW cell+module), backed by ₹1,500-1,700 cr of capex. Adjacency lines include solar rooftop (₹8 cr in Q1 FY27), C&I cash-and-retail (₹24 cr in Q1), and EV motors through subsidiary Shakti EV Mobility. Materials are the largest cost at 72.1% of revenue, with FY26 EBITDA margin at 16.55%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. India (96%), Overseas (4%). Asset-heavy manufacturer scaling up solar pump volumes and backward-integrating into solar cells and modules
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,179 | 968 | 1,371 | 2,516 | 2,698 |
| EBITDA (ex other income) | 110 | 67 | 225 | 603 | 422 |
| margin % | 9.4 | 6.9 | 16.4 | 24.0 | 15.6 |
| Owners' profit | 0 | 0 | 0 | 0 | 258 |
| EPS, as reported (₹) | 35.26 | 13.13 | 76.91 | 33.97 | 21.02 |
| ROE % · ROCE % | 16.5 · 23.5 | 5.8 · 11.8 | 18.8 · 27.4 | 35.2 · 48.4 | 15.1 · 22.8 |
| Debt / equity (x) | 0.27 | 0.18 | 0.11 | 0.14 | 0.29 |
| Cash from operations | 17 | 39 | 54 | 20 | 124 |
| Capex | (21) | (23) | (21) | (108) | (163) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 635 | 649 | 665 | 623 | 666 | 551 | 858 | 859 |
| Profit before tax | 138 | 142 | 150 | 130 | 122 | 42 | 66 | 71 |
| Net profit | 101 | 104 | 110 | 97 | 91 | 32 | 38 | 52 |
| EPS (₹) | 50.62 | 8.66 | 9.17 | 8.05 | 7.35 | 2.57 | 3.11 | 4.18 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| India | 2,689 | 96.1 |
| Overseas | 26 | 0.9 |
| Overseas Subsidiaries | 84 | 3.0 |
| Total, before eliminations | 2,799 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CUMMINS INDIA LTD | 1,40,540 | 59.4 | 16.58 | 46.2 | 27.9 | 31.8 | 22.7 | 22.0 |
| KIRLOSKAR OIL ENG LTD |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Newspaper notice on SEBI special window for physical share transfers | compliance | minimal | — | — |
| 9 Sept 2026 · Shakti Pumps bags Rs. 235.92 Cr order from Maharashtra DISCOM for 10,000 solar pumps | business updates | high | — | — |
| 8 Sept 2026 · Shakti Brothers Trust buys 11,800 shares of Shakti Pumps via open market | ownership changes | low | — | — |
| 5 Sept 2026 · Shakti Pumps invests Rs 11 Cr in subsidiary for 2.20 GW solar plant | capex operations | high | — | — |
| 29 Aug 2026 · CTO Dr Chinmay Jain resigns from Shakti Pumps, effective Aug 25, 2026 | management changes | high | — | — |
| 27 Aug 2026 · ICRA upgrades Shakti Pumps overall ESG rating to 78, Good | credit debt | medium | — | — |
| 20 Aug 2026 · Shakti Pumps invests Rs 5 Cr more in EV subsidiary; total Rs 75 Cr | capex operations | medium | — | — |
| 7 Aug 2026 · 31st AGM results: all 7 resolutions passed; Rs 1 dividend declared | compliance | minimal | — | — |
| 5 Aug 2026 · Shakti Pumps 31st AGM held; 10% dividend declared, director re-appointments approved | board shareholder meetings | low | — | — |
| 5 Aug 2026 · Shakti Pumps 31st AGM: Dividend of Rs.1/share, Director Re-appointments | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 31,552 |
| 57.8 |
| 8.83 |
| 24.8 |
| 15.7 |
| 10.9 |
| 18.5 |
| 15.8 |
| ELGI EQUIPMENTS LTD | 19,591 | 43.5 | 8.78 | 29.1 | 19.3 | 24.3 | 15.5 | 15.9 |
| INGERSOLL-RAND INDIA LTD | 14,428 | 53.9 | 23.43 | — | 41.6 | 54.7 | — | 26.4 |
| KIRLOSKAR BROTHERS LTD | 14,231 | 38.1 | 5.75 | 24.1 | 15.2 | 16.8 | 10.8 | 11.8 |
| KSB LIMITED | 13,955 | 56.9 | 8.22 | — | 5.7 | 6.7 | — | 12.6 |
| SHAKTI PUMPS (I) LTD ◆ | 6,085 | 28.6 | 3.57 | 13.7 | 15.1 | 19.6 | 23.7 | 10.9 |
| KIRLOSKAR PNEUMATIC COM L | 4,674 | 17.8 | 3.71 | 12.3 | 20.2 | 26.4 | — | 17.7 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 28.6 | 44.6 | 4 of 15 | 79% |
| P/B | 3.6 | 5.2 | 4 of 15 | 79% |
| ROCE | 19.6 | 16.9 | 7 of 15 | 57% |
| ROE | 15.1 | 15.2 | 9 of 15 | 43% |
| Debt / Equity | 0.3 | 0.1 | 13 of 15 | 14% |
| EBITDA margin | 10.8 | 15.8 | 13 of 15 | 14% |
| Revenue growth | 37.9 | 17.9 | 2 of 15 | 93% |
| Profit growth | (46.7) | 11.1 | 14 of 15 | 7% |
| Market cap | 6085 | 4674 | 7 of 15 | 57% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
