Shakti Pumps (India) (531431) Q4 24/25 earnings summary

Executive summary

• Achieved record operational performance in FY25, with revenue of ₹2,516 crore (₹25,162 Mn), PAT of ₹408 crore (₹4,084 Mn), and highest-ever sales, EBITDA, and PAT, driven by strong domestic and export growth.

• Order book stands at ₹1,655 crore (₹16,546 Mn) as of May 2025, with significant inflows expected from multiple Indian states.

• Export business grew 52.7% to ₹437 crore (₹4,368 Mn), with robust presence in USA, Africa, Asia, and Middle East.

• Solar pump industry growth supported by government initiatives like PM KUSUM and state-level schemes.

• Board proposed a final dividend of ₹1 per share and completed a 5:1 bonus issue during the year.

Financial highlights

• FY25 revenue reached ₹2,516 crore (₹25,162 Mn), up 83.6% YoY; EBITDA grew 168% to ₹603 crore (₹6,030 Mn); PAT increased 188% to ₹408 crore (₹4,084 Mn).

• EBITDA margin expanded to 24% from 16.4% in FY24; PAT margin improved to 16% from 10% in FY24.

• Basic EPS for FY25 was ₹34 (up from ₹12.8 in FY24, adjusted for bonus issue).

• Receivable days reduced to 152 from 178 in FY24, despite higher revenues.

• Board proposed a final dividend of ₹1 per share (10% of face value).

Outlook and guidance

• Targeting ₹3,000 crore in revenue for FY26, with 24% EBITDA margin guidance and healthy order book.

• Export revenue expected to contribute ₹500 crore, maintaining a 17-20% export mix.

• Confident in maintaining or reducing receivable days to 120, down from 152 currently.

• Ongoing investments in employee stock option plans and capital expansion reflect confidence in future growth.