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Shakti Pumps: Near-term pressure on margins and revenue growth

Shakti Pumps is mainly banking on orders in hand, apart from those from the government's Kusum scheme towards the end of 2021-22

October 21, 2021 / 09:57 PM IST
Shakti Pumps: Near-term pressure on margins and revenue growth

A total solar eclipse occurs when the moon completely blocks the sun's disk, momentarily plunging a portion of the Earth into complete darkness. The next total solar eclipse will occur on December 4, but will only be visible from Antarctica. (Image: AFP)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

  Led by a recovery in the solar pump market, Shakti Pump (CMP: Rs 728, Market Cap: Rs 1338 crore) beat COVID-19 odds to post a strong growth in the second quarter of the current fiscal. With a strong government focus on this segment and orders in hand, the company is expected to do well going forward though there will be near-term pressure on margins. Strong revival  Shakti Pumps recorded a strong 84 percent year-on-year (YoY) growth in revenues during the...

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