The Shakti Pumps (India) stock has seen a dizzying rally -- surging 160 percent in the last 6 months and over 300 percent in the last one year fuelled by the governments thrust towards solar pumps. In an interview to CNBC-TV18, Akhilesh Maru, CFO of Shakti Pumps spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, Akhilesh Maru, CFO of Shakti Pumps (India) spoke about the latest happenings in the company.
In an interview to CNBC-TV18, Akhilesh Maru, CFO, Shakti Pumps (India) spoke about the demand for solar pumps and latest happenings in his company.
"On the agricultural side, the government is working on agricultural machinery, equipment, irrigation infrastructure or water facilities. So there is a positive sentiment for overall sector", Akhilesh Maru, CFO of Shakti Pumps told CNBC-TV18.
Agriculture sector contributes 30-35 percent to Shakti's topline and the company is worth Rs 100 crore in organized market, says Akhilesh Maru, CFO, Shakti Pumps.
Reduction in excise duty from 12.5 percent to 6 percent will benefit Shakti Pumps as we manufacture motors for all the products on which the duty is dropped, says Akhilesh Maru, CFO of the company.
The domestic margins of Shakti Pumps currently stand at 12-15 percent on EBITDA level and value addition to product basket may help the company increase its margins.
Talking about the outlook for the company, Akhilesh Maru, CFO, Shakti Pumps said they hope to close the year with revenues of Rs 315-320 and are in line to achieve revenue guidance target of Rs 450 crore in FY16 backed by improvement in capacity utilisation.
Consumer interest in energy efficient products has been surging, says Akhilesh Maru, CFO of Shakti Pumps.
In an interview with CNBC-TV18, Dinesh Patidar, MD, Shakti Pumps shares his outlook on where the company is headed hereon.
Shakti Pumps' unit manufacturing booster pumps will be operational by January and will contribute 15 crore in FY12.
Dinesh Patidar, CMD of Shakti Pumps, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke on his company’s fund raising plans for this year and road ahead for the company.