Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with Schedule III thereof, we would like to inform you that
Shakti Pumps (India) Limited has received Letter of Award under PM- KUSUM III scheme under component-B from Department of Agriculture, Uttar Pradesh for 10,000 pumps. The total amount of the work order is for around Rs. 293 Crores (inclusive of GST).
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do you have similar detailed list for latest order to Shakti from UP??
Beneficiary list is not available in public domain for UP. As per my assessment , the the current 10000 Pump orders for Shakti Pumps pertains to Kusum Target for FY 2022-23 for UP(pending Solar Pump around 12550 Nos) and not from FY 2023-24.
Enclosed is sanction approval note date 15/09/2023 of UP Government for 30000 Pumps which is target for current financial year. It seems that KUSUM will be implemented in true spirit during the current FY in all states.
UP SHASHANADESH 150923.pdf (743.1 KB)
http://shasanadesh.up.gov.in/GO/ViewGOPDF_list_user.aspx?id1=NjEjMzcjNSMyMDIz
State wise implementation target:
| 1 | Andaman & Nicobar | 100 |
| 2 | Andhra Pradesh | 1000 |
| 3 | Arunachal Pradesh | 200 |
| 4 | Assam | 5000 |
| 5 | Bihar | 5000 |
| 6 | Chhattisgarh | 25000 |
| 7 | Delhi | 1000 |
| 8 | Goa | 200 |
| 9 | Gujarat | 7000 |
| 10 | Haryana | 160000 |
|11 | Himachal Pradesh | 700 |
| 12 | Jammu & Kashmir | 4500 |
| 13 | Jharkhand | 8000 |
| 14 | Karnataka | 10000 |
| 15 | Kerala | 100 |
| 16 | Ladakh | 1600 |
| 17 | Lakshadweep | 100 |
| 18 | Madhya Pradesh | 50000 |
| 19 | Maharashtra | 180000 |
| 20 | Manipur | 150 |
| 21 | Meghalaya | 200 |
| 22 | Mizoram | 1700 |
| 23 | Nagaland | 100 |
| 24 | Odisha | 4500 |
| 25 | Puducherry | 100 |
| 26 | Punjab | 50000 |
| 27 | Rajasthan | 110000 |
| 28 | Sikkim | 100 |
| 29 | Tamil Nadu | 4000 |
| 30 | Telangana | 400 |
| 31 | Tripura | 3000 |
| 32 | Uttarakhand | 1500 |
| 33 | Uttar Pradesh | 30000 |
| 34 | West Bengal | 1000 |
|TOTAL||666250|
Disclosure: Substantially Invested , views fully biased and increasing at every dips.
4 Likes
Positive devlopment…Company interacting with analysts 
We may see fund buying in the stock …
Pursuant to the Regulation 30 (6) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended from time to time, we would like to
inform that the management of Shakti Pumps (India) Limited (“Company”) will be
meeting various Analysts/Investors as scheduled below:
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KSB PUMP has also received orders under KUSUM albeit in small amount but its good that scheme is being implemented which was the biggest challenge for last 5 years.
Another round of meeting done with funds on 25/09/2023.
September 25, 2023,
Date and Time Name Meeting Type Type
From 11:00 am to 12:00 noon LIC Mutual Fund One-on-one meeting In-person
From 1:00 pm to 2:00 pm Edelweiss Mutual Fund One-on-one meeting In-person
From 3:00 pm to 4:00 pm UTI Mutual Fund One-on-one meeting In-person
From 5:00 pm to 6:00 pm SBI Mutual Fund One-on-one meeting In-person
From 6:30 pm to 7:30 pm Svan Investment One-on-one meeting In-person
26/09/2023:
Name Meeting Type Mode
Equitree One –on- One Meeting In-person
I wealth One –on- One Meeting In-person
Edelweiss Global Markets One –on- One Meeting In-person
IDBI Capital One –on- One Meeting In-person
DAM Capital One –on- One Meeting In-person
Dron Capital One –on- One Meeting In-person
Nuvama Wealth One –on- One Meeting In-person
Yes securities One –on- One Meeting In-person
Niveshaay One –on- One Meeting In-person
Dimensional Securities One –on- One Meeting In-person
To make the Investments of Rs.114.29/‐ Crores (Rupees One Hundred and Fourteen
Crores and Twenty Nine Lakhs Only) in the wholly owned Subsidiary i.e. Shakti EV
Mobility Private Limited.
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Latest order win…
Is Kusum component c is different than Kusum 3??
Also,is the capex justified and how do you rate the promoter?
Discl Small position
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“To make the Investments of Rs.114.29/‐ Crores (Rupees One Hundred and Fourteen Crores and Twenty Nine Lakhs Only) in the wholly owned Subsidiary i.e. Shakti EV Mobility Private Limited.”
Net Gross Block of the Company is only Rs 147 Cr and Company had achieved a turnover of around Rs 1200 Cr in FY 21-22. The Capacity utilisation is slightly higher than 50% and therefore it means that the Company can double its revenue from here without any incremental CAPEX in next 2 to 3 years. Company can generate cash accruals of around Rs 150 Cr to 200 Cr annualy on a sustainable basis for next 3 to 4 years due to picking up of KUSUM scheme. As CAPEX requirement is not there for funding incremental growth and working capital requirement can be taken care by working capital borrowing, Company will have sufficient cash to invest in some diversified but related activities.
Company had been commenting on it EV business. Excerpts from Q1 concal
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Under EV business, we have done a tie up with a bus manufacturer and we are developing motors with them and our motors are on the roads which we developed earlier in our R&D under our EV company and now slowly its sale will also start.
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Currently our company is in development stage, for construction building work and civil work is going on, but we have started our product development work long ago.
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We have experience of making motors for induction motors, BLDC motors, PMSM motors and we have already developed all these motors.
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You will be very happy to know that we already do controller manufacturing in our company, so already our 175,000 controllers are running in India which is a matter of pride for us. We have already developed technology.
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We have developed under 2 wheelers and in 3 wheelers it is under development.
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We have developed and released for 2 wheelers in market.
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And regarding 1,75,000 controller it is solar controller, means it doesn’t matter whether it works on battery or solar panel, technology is almost same, but yes, money goes in development and time is gone in development. So we have developed a lot in that and already company is in-house and work is going on, and there are many engineers from IIT Delhi, IIT Mumbai and other IITs are working on R&D and more than 28 patents are there and we have done a lot of work in the controller.
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Another 1 year or 1.5 year more will go for Plant to be ready.
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In controller, the bought out items are chip, PCB, IGBT, resistance and this technically which is used in power electronics is there, we do the assembly of the SMT line in-house only, do the designing in-house this is regarding controller.
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We make motors in-house, we have a stamping machine with us, we do machining ourselves and only bought out items are aluminum inbox or aluminum components are bought out items, rest all is an in-house process.
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We have NDA with them otherwise our motors are on road now. Already 400 buses are on roads with our motors.
Its good that they are investing in the area which they are already working and have expertise, however only time will time how fruitful the proposed investment is. Even after the proposed investment Company is likely to remain long term debt free.
Management quality i have found to them to be honest and committed. In the past they had given very high revenue growth targets which they were not bale to fulfill. The management has now become realistic and therfore they have given revenue growth target of 20 to 25% , however I believe that with the orders in hand and new orders which will be coming , Company can easily achieve revenue growth of at least 50% during current FY.
Disclosure: Invested and is now substanital part of my portfolio.
9 Likes
It’s a Very deep research and very informative. Keep posting update on shakti pump…
Thanks…
Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III thereof, we would like to inform you that the Company has received Patent for “ADA CONVERSION BASED CONTACTOR LESS SOFT STARTER” from the Government of India.
Shakti Pumps, India’s leading manufacturer of energy‐efficient
pumps and motors has received a patent for inventing a
“ADA CONVERSION BASED CONTACTOR LESS SOFT STARTER". The Patent Office, Government of India, has awarded Shakti Pumps this patent, fully adhering to the provisions set forth in the Patents Act of 1970. This patent is set to maintain its validity for duration of 20 years, commencing from the date of filing. This is the 5th Patent that the company has secured, while also having submitted 25 Patent applications, spanning both domestic and international jurisdictions. Motor Starter, a cutting‐edge IOT device that uses a special technology to provide an incredibly smooth motor start and stop. With the ability to lengthen the starting time up to one minute, this technology offers a soft start together with the advantages of improved starting torque, a jerk‐free start, the elimination of inrush current and precise control. Due to its adaptability, it is a smart choice for applications in the any motor, industrial installations, and conveyor belt systems sectors. Due to its jerk‐free starting and stopping qualities, which increase mechanical durability and extend motor insulation life, this starter is also a top contender for line start Permanent Magnet
Synchronous Motors (PMSMs). This is a retrofit solution for induction machine. Starters, with their motor protection features, inrush current management, and safety provisions, are indispensable for maintaining the reliability of electric motors.
Sharing his views on this vital development, Mr. Dinesh Patidar, Chairman, said:
“Customers can use this system remotely via Mobile which can reduce the need for physical presence. For Discom the soft starter would not only reduce stress on the motor and extend its life but also prolong the life of the entire system, including cables, transformers, and other electrical and mechanical components in the transmission system. Overall, this innovation is expected to decrease maintenance requirements and double the system’s lifespan.”
The Company can be potential relevant player in EV eco sytem in future…
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Shakti Pumps wins order worth Rs1600 crs from Mah Electricity bd to be executed over a period of 24 months. Market reacted positively to this news.
Microsoft Word - Intimation of Award Order_EY (bseindia.com)
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Much awaited Maharashtra KUSUM project now has visibility…
We can now see flow of orders from other states also like Rajasthan, MP, Chhattisgarh…As this is the election year all the states will be prompt in implementing the scheme to get the maximum benefit during election.
We will also see more orders from states like Haryana, UP Rajasthan etc in Phase 2 during Jan24 to Mar24 Quarter…
After Railways and Smart Meter… Solar Pump seems to be the next theme where Shakti is the largest player.
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The press release talks about empanelment which technically means their products are qualified by state govt and such sale would probably happen through the govt or if someone buys it they will get subsidy. Just wanted to understand, whether empanelment and actual orders are the same. Also the “Empanelment” is for 50,000 sets, does it mean that this is a fixed order or empanelment will stay till the quantity is procured under this scheme.
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My guess is it’s a quota of 50000 pumps which state govt will provide subsidy for and valid for two years.
so technically the 50,000 pumps figure is TAM whcih is for all empanelled vendors and from this Shakti Pumps can get 0 orders or a max of 50,000 ( assuming they are the only ones empanelled). The social media has been creating an impression that they have got an order for 50,000 pumps whose value is Rs 1,600 Crs + and this is equal to MCAP of the company.
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Correct. Given that company has 16% type market share,I don’t think more than 250-300 cr from this will go to the company. However,it could be sentiment impact playing out on the price since this has been delayed since long. It also opens up the possibility of other states doing so in the near future since this is a pre-election year.
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noted, so with a turnover of 250 - 300 crs the PAT ( as per last years NPM @ 2.5% ) would be max Rs 7.5 Crs, stretch this to 15 Crs. The MCAP at todays close was up by 250 Crs, Market madness at its best.
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The disclosure clearly mentions that it is empanelment, so I dont think we need any clarity on this. Market is independent to react in its own way on either side… We need to understand that there are all types of players …short term …long term… day traders … positional traders etc etc but ultimately in the long term the direction will be decided by the performance of the Company …so observe the market and enjoy the journey by increasing your learning everday…
5 Likes
Company has been winning around 30% of orders
Company generally has market share of 30%, so Maharashtra has potential of around Rs 240 Cr per Year. and in terms of Pumps it will be around 7500 pumps per year. Lets wait for the confirm order…
Shakti Pumps receives 6th Patent
STACK ASSEMBLY FOR PERMANENT MAGNET ROTOR