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Shakti Pumps (India)

NSEI:SHAKTIPUMP
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHAKTIPUMP
NSEI
₹5B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Shakti Pumps (India) Limited manufactures and sells submersible pumps and motors under the Shakti brand name in India. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • Shakti Pumps (India) has significant price volatility in the past 3 months.
SHAKTIPUMP Share Price and Events
7 Day Returns
4.6%
NSEI:SHAKTIPUMP
-1.9%
IN Machinery
-0.7%
IN Market
1 Year Returns
-34.5%
NSEI:SHAKTIPUMP
-26.4%
IN Machinery
-12.1%
IN Market
SHAKTIPUMP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shakti Pumps (India) (SHAKTIPUMP) 4.6% -16.5% -29.5% -34.5% 105.3% 33.3%
IN Machinery -1.9% -11.4% -13% -26.4% -7.4% 29.4%
IN Market -0.7% -4.6% -4.3% -12.1% 12.8% 24.7%
1 Year Return vs Industry and Market
  • SHAKTIPUMP underperformed the Machinery industry which returned -26.4% over the past year.
  • SHAKTIPUMP underperformed the Market in India which returned -12.1% over the past year.
Price Volatility
SHAKTIPUMP
Industry
5yr Volatility vs Market

SHAKTIPUMP Value

 Is Shakti Pumps (India) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Shakti Pumps (India) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shakti Pumps (India).

NSEI:SHAKTIPUMP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in INR ₹ 5.000000
Payout Ratio Company Filings (2019-06-30) 2047.7%
Discount Rate (Cost of Equity) See below 19.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SHAKTIPUMP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.044 (1 + (1- 35%) (31.71%))
1.339
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.339 * 8.6%)
19.06%

Discounted Cash Flow Calculation for NSEI:SHAKTIPUMP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Shakti Pumps (India) is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NSEI:SHAKTIPUMP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₹5 / (19.06% - 7.55%)
₹43.45
NSEI:SHAKTIPUMP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:SHAKTIPUMP represents 1.00034x of BSE:531431
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00034x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 43.42 x 1.00034
₹43.44
Value per share (INR) From above. ₹43.44
Current discount Discount to share price of ₹291.45
= -1 x (₹291.45 - ₹43.44) / ₹43.44
-570.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Shakti Pumps (India) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shakti Pumps (India)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shakti Pumps (India)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SHAKTIPUMP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹22.28
BSE:531431 Share Price ** BSE (2019-08-16) in INR ₹291.35
India Machinery Industry PE Ratio Median Figure of 144 Publicly-Listed Machinery Companies 12.41x
India Market PE Ratio Median Figure of 2,774 Publicly-Listed Companies 13.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shakti Pumps (India).

NSEI:SHAKTIPUMP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:531431 Share Price ÷ EPS (both in INR)

= 291.35 ÷ 22.28

13.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shakti Pumps (India) is overvalued based on earnings compared to the IN Machinery industry average.
  • Shakti Pumps (India) is good value based on earnings compared to the India market.
Price based on expected Growth
Does Shakti Pumps (India)'s expected growth come at a high price?
Raw Data
NSEI:SHAKTIPUMP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
3.3%per year
India Machinery Industry PEG Ratio Median Figure of 28 Publicly-Listed Machinery Companies 1.03x
India Market PEG Ratio Median Figure of 548 Publicly-Listed Companies 1.07x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Shakti Pumps (India), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shakti Pumps (India)'s assets?
Raw Data
NSEI:SHAKTIPUMP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹157.99
BSE:531431 Share Price * BSE (2019-08-16) in INR ₹291.35
India Machinery Industry PB Ratio Median Figure of 167 Publicly-Listed Machinery Companies 1.27x
India Market PB Ratio Median Figure of 3,660 Publicly-Listed Companies 0.87x
NSEI:SHAKTIPUMP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:531431 Share Price ÷ Book Value per Share (both in INR)

= 291.35 ÷ 157.99

1.84x

* Primary Listing of Shakti Pumps (India).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shakti Pumps (India) is overvalued based on assets compared to the IN Machinery industry average.
X
Value checks
We assess Shakti Pumps (India)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Shakti Pumps (India) has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SHAKTIPUMP Future Performance

 How is Shakti Pumps (India) expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Shakti Pumps (India), future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shakti Pumps (India) expected to grow at an attractive rate?
  • Shakti Pumps (India)'s earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Shakti Pumps (India)'s earnings growth is positive but not above the India market average.
  • Shakti Pumps (India)'s revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:SHAKTIPUMP Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SHAKTIPUMP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 3.3%
NSEI:SHAKTIPUMP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 16.1%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
India Market Earnings Growth Rate Market Cap Weighted Average 17.8%
India Market Revenue Growth Rate Market Cap Weighted Average 11.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SHAKTIPUMP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SHAKTIPUMP Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 7,396 1
2020-03-31 6,435 1
NSEI:SHAKTIPUMP Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 5,563 409
2019-03-31 5,465 451
2018-12-31 5,176 381
2018-09-30 5,132 422
2018-06-30 4,427 358
2018-03-31 4,366 196 341
2017-12-31 4,745 344
2017-09-30 4,318 218
2017-06-30 4,444 235
2017-03-31 4,290 528 216

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shakti Pumps (India)'s earnings are expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
  • Shakti Pumps (India)'s revenue is expected to grow by 16.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SHAKTIPUMP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Shakti Pumps (India) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SHAKTIPUMP Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
NSEI:SHAKTIPUMP Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 22.28
2019-03-31 24.52
2018-12-31 20.74
2018-09-30 22.95
2018-06-30 19.45
2018-03-31 18.56
2017-12-31 18.88
2017-09-30 11.97
2017-06-30 12.89
2017-03-31 11.78

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Shakti Pumps (India) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Shakti Pumps (India)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shakti Pumps (India) has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SHAKTIPUMP Past Performance

  How has Shakti Pumps (India) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shakti Pumps (India)'s growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shakti Pumps (India) has delivered over 20% year on year earnings growth in the past 5 years.
  • Shakti Pumps (India)'s 1-year earnings growth is less than its 5-year average (14.4% vs 24.8%)
  • Shakti Pumps (India)'s earnings growth has exceeded the IN Machinery industry average in the past year (14.4% vs 14%).
Earnings and Revenue History
Shakti Pumps (India)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shakti Pumps (India) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SHAKTIPUMP Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 5,563.27 409.08 543.70
2019-03-31 5,464.50 450.75 529.33
2018-12-31 5,175.85 381.22 589.78
2018-09-30 5,131.63 421.78 571.47
2018-06-30 4,427.05 357.52 456.01
2018-03-31 4,366.08 341.11 538.20
2017-12-31 4,744.68 343.88 509.36
2017-09-30 4,318.01 218.14 496.28
2017-06-30 4,443.99 234.51 433.04
2017-03-31 4,290.42 216.47 499.52
2016-03-31 2,711.85 10.66 515.62
2015-03-31 2,966.16 262.81 518.17
2014-03-31 2,920.90 249.78 1,109.55
2013-03-31 2,087.98 168.19 702.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shakti Pumps (India) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shakti Pumps (India) used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Shakti Pumps (India) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shakti Pumps (India)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shakti Pumps (India) has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SHAKTIPUMP Health

 How is Shakti Pumps (India)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shakti Pumps (India)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shakti Pumps (India) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shakti Pumps (India)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shakti Pumps (India)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shakti Pumps (India) Company Filings, last reported 1 month ago.

NSEI:SHAKTIPUMP Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,903.93 1,697.86 255.95
2019-03-31 2,903.93 1,697.86 255.95
2018-12-31 2,612.23 1,376.51 353.96
2018-09-30 2,612.23 1,376.51 353.96
2018-06-30 2,536.32 1,059.17 326.65
2018-03-31 2,536.32 1,103.17 254.36
2017-12-31 2,257.08 963.70 220.39
2017-09-30 2,257.08 963.70 220.39
2017-06-30 2,183.73 829.17 132.04
2017-03-31 2,234.24 891.59 130.12
2016-03-31 2,019.16 1,040.26 118.63
2015-03-31 2,071.75 1,021.45 100.68
2014-03-31 1,330.54 1,129.79 81.20
2013-03-31 1,087.62 916.78 52.95
  • Shakti Pumps (India)'s level of debt (58.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (72.7% vs 58.5% today).
  • Debt is not well covered by operating cash flow (11.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Shakti Pumps (India)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shakti Pumps (India) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SHAKTIPUMP Dividends

 What is Shakti Pumps (India)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.72%
Current annual income from Shakti Pumps (India) dividends.
If you bought ₹2,000 of Shakti Pumps (India) shares you are expected to receive ₹34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Shakti Pumps (India)'s pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).
  • Shakti Pumps (India)'s dividend is below the markets top 25% of dividend payers in India (2.52%).
Upcoming dividend payment

Purchase Shakti Pumps (India) before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SHAKTIPUMP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 98 Stocks 1.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1439 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SHAKTIPUMP Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
NSEI:SHAKTIPUMP Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-10 5.000 1.375
2018-09-04 3.700 0.944
2018-05-28 3.700 0.776
2017-09-04 2.000 0.387
2016-07-26 1.500 0.806
2016-05-31 1.500 0.959
2015-05-21 2.000 1.315
2014-07-31 2.000 0.907
2013-08-14 1.000 1.364
2012-09-28 1.000 1.896
2011-09-30 1.000 2.334
2010-12-22 0.500 0.910
2009-12-29 0.500 0.590
2008-11-19 0.500 1.289

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Shakti Pumps (India)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Shakti Pumps (India)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shakti Pumps (India) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shakti Pumps (India) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SHAKTIPUMP Management

 What is the CEO of Shakti Pumps (India)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dinesh Patidar
COMPENSATION ₹16,800,000
AGE 57
TENURE AS CEO 12.8 years
CEO Bio

Mr. Dinesh Patidar has been the Managing Director of Shakti Pumps (India) Limited since November 2006. Mr. Patidar serves as the Chairman and Executive Director of Shakti Pumps (India) Limited.

CEO Compensation
  • Dinesh's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dinesh's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Shakti Pumps (India) management team in years:

6.2
Average Tenure
50
Average Age
  • The average tenure for the Shakti Pumps (India) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dinesh Patidar

TITLE
Chairman & MD
COMPENSATION
₹17M
AGE
57
TENURE
12.8 yrs

Ravi Patidar

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹761K
TENURE
2.8 yrs

Ramesh Patidar

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
46

Sunil Patidar

TITLE
Whole Time Director
COMPENSATION
₹2M
AGE
50

Dinesh Patel

TITLE
Chief Financial Officer
TENURE
0.4 yrs

Ankit Patidar

TITLE
Deputy General Manager of Marketing
TENURE
9.6 yrs

B. Patidar

TITLE
Finance Controller
Board of Directors Tenure

Average tenure and age of the Shakti Pumps (India) board of directors in years:

4.7
Average Tenure
48
Average Age
  • The tenure for the Shakti Pumps (India) board of directors is about average.
Board of Directors

Dinesh Patidar

TITLE
Chairman & MD
COMPENSATION
₹17M
AGE
57

Ramesh Patidar

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
46
TENURE
12.8 yrs

Sunil Patidar

TITLE
Whole Time Director
COMPENSATION
₹2M
AGE
50
TENURE
24.3 yrs

Navin Patwa

TITLE
Independent Director
COMPENSATION
₹80K
AGE
44
TENURE
7.6 yrs

Nishtha Neema

TITLE
Women Independent Director
COMPENSATION
₹100K
AGE
39
TENURE
4.4 yrs

Pramod Bhavsar

TITLE
Independent Director
COMPENSATION
₹40K
AGE
66
TENURE
2.3 yrs

Sridhar Narayan

TITLE
Nominee Director
AGE
48
TENURE
4.7 yrs

Keyur Thaker

TITLE
Additional Independent Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
03. Oct 18 Buy Vintex Tools Private Limited Company 01. Oct 18 01. Oct 18 20,000 ₹320.26 ₹6,405,119
X
Management checks
We assess Shakti Pumps (India)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shakti Pumps (India) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SHAKTIPUMP News

Simply Wall St News

Here's Why I Think Shakti Pumps (India) (NSE:SHAKTIPUMP) Is An Interesting Stock

In contrast to all that, I prefer to spend time on companies like Shakti Pumps (India) (NSE:SHAKTIPUMP), which has not only revenues, but also profits. … See our latest analysis for Shakti Pumps (India) Shakti Pumps (India)'s Improving Profits In the last three years Shakti Pumps (India)'s earnings per share took off like a rocket; fast, and from a low base. … Given my belief that share price follows earnings per share you can easily imagine how I feel about Shakti Pumps (India)'s strong EPS growth.

Simply Wall St -

How Does Shakti Pumps (India)'s (NSE:SHAKTIPUMP) P/E Compare To Its Industry, After The Share Price Drop?

One way to gauge market expectations of a stock is to look at its Price to Earnings Ratio (PE Ratio). … See our latest analysis for Shakti Pumps (India) How Does Shakti Pumps (India)'s P/E Ratio Compare To Its Peers? … Of course you might be able to find a better stock than Shakti Pumps (India).

Simply Wall St -

Why Dividend Hunters Love Shakti Pumps (India) Limited (NSE:SHAKTIPUMP)

For the purpose of this article, we only scrutinise the last decade of Shakti Pumps (India)'s dividend payments. … Shakti Pumps (India) has grown distributions at a rapid rate despite cutting the dividend at least once in the past. … Conclusion To summarise, shareholders should always check that Shakti Pumps (India)'s dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Should We Worry About Shakti Pumps (India) Limited's (NSE:SHAKTIPUMP) P/E Ratio?

We'll look at Shakti Pumps (India) Limited's (NSE:SHAKTIPUMP) P/E ratio and reflect on what it tells us about the company's share price. … See our latest analysis for Shakti Pumps (India) How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Shakti Pumps (India): P/E of 14.64 = ₹359 ÷ ₹24.52 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Shakti Pumps (India) Limited (NSE:SHAKTIPUMP): A Fundamentally Attractive Investment

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … NSEI:SHAKTIPUMP Income Statement, July 4th 2019 Next Steps: For Shakti Pumps (India), I've compiled three essential factors you should further research: Future Outlook: What are well-informed industry analysts predicting for SHAKTIPUMP’s future growth? … Take a look at our free research report of analyst consensus for SHAKTIPUMP’s outlook.

Simply Wall St -

If You Had Bought Shakti Pumps (India) (NSE:SHAKTIPUMP) Shares Three Years Ago You'd Have Made 169%

To wit, the Shakti Pumps (India) Limited (NSE:SHAKTIPUMP) share price has flown 169% in the last three years. … During three years of share price growth, Shakti Pumps (India) achieved compound earnings per share growth of 237% per year. … We note that for Shakti Pumps (India) the TSR over the last 3 years was 176%, which is better than the share price return mentioned above.

Simply Wall St -

Does Shakti Pumps (India) Limited's (NSE:SHAKTIPUMP) CEO Pay Matter?

See our latest analysis for Shakti Pumps (India) How Does Dinesh Patidar's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Dinesh Patidar receives more in total compensation than the median of a group of companies in the same market, and of similar size to Shakti Pumps (India) Limited. … We compared the total CEO remuneration paid by Shakti Pumps (India) Limited, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Can Shakti Pumps (India) Limited (NSE:SHAKTIPUMP) Maintain Its Strong Returns?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Shakti Pumps (India): 16% = ₹451m ÷ ₹2.9b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Shakti Pumps (India) Have A Good ROE? … Shakti Pumps (India)'s Debt And Its 16% ROE Shakti Pumps (India) has a debt to equity ratio of 0.58, which is far from excessive.

Simply Wall St -

Does Shakti Pumps (India) (NSE:SHAKTIPUMP) Deserve A Spot On Your Watchlist?

In contrast to all that, I prefer to spend time on companies like Shakti Pumps (India) (NSE:SHAKTIPUMP), which has not only revenues, but also profits. … See our latest analysis for Shakti Pumps (India) Shakti Pumps (India)'s Improving Profits In the last three years Shakti Pumps (India)'s earnings per share took off like a rocket; fast, and from a low base. … Like a wedge-tailed eagle on the wind, Shakti Pumps (India)'s EPS soared from ₹18.56 to ₹24.52, in just one year.

Simply Wall St -

How Shakti Pumps (India) Limited (NSE:SHAKTIPUMP) Can Impact Your Portfolio Volatility

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

SHAKTIPUMP Company Info

Description

Shakti Pumps (India) Limited manufactures and sells submersible pumps and motors under the Shakti brand name in India. Its products include submersible, solar, vertical multistage centrifugal, single shaft vertical multistage, pressure booster, end suction, immersible, sewage, open well, self-priming, shallow well, and slow speed pumps, as well as submersible motors, hydro pneumatic booster systems, starters, diesel pump sets, valves, and drips. The company also provides support services. Its pumps are used for agricultural, industrial, horticultural, and solar applications. The company also exports its products. Shakti Pumps (India) Limited was founded in 1982 and is headquartered in Pithampur, India.

Details
Name: Shakti Pumps (India) Limited
SHAKTIPUMP
Exchange: NSEI
Founded: 1982
₹5,355,058,450
18,380,156
Website: http://www.shaktipumps.com
Address: Shakti Pumps (India) Limited
Plot No. 401, 402, 413,
Sector III,
Pithampur,
Madhya Pradesh, 454774,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 531431 Equity Shares Mumbai Stock Exchange IN INR 02. Jan 2002
NSEI SHAKTIPUMP Equity Shares National Stock Exchange of India IN INR 02. Jan 2002
Number of employees
Current staff
Staff numbers
0
Shakti Pumps (India) employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 12:58
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/08/12
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.