Shakti Pumps (india) Limited · NSE:SHAKTIPUMP
Shakti Pumps (india) — Q2 FY27 Earnings Presentation
38 slides from Shakti Pumps (india)'s earnings presentation, Oct 23, 2026
Slide 1: Stock exchange cover letter under Regulation 30
Date: - 23/10/2026 To, To, The Secretary, The Secretary, Listing Department Corporate Relationship Department National Stock Exchange of India Ltd. BSE Limited Exchange plaza, BKC, Bandra (E) P. J. Towers, Dalal Street Mumbai - MH 400051. Mumbai- MH 400001. REF: -(ISIN- INE908D01010) SCRIP CODE BSE-
Slide 2: Shakti Pumps (India) Limited Q2 & H1 FY27 Investor Presentation
Shakti Pumps (India) Limited Q2 & H1 FY27 INVESTOR PRESENTATION NSE: SHAKTIPUMP | BSE: 531431 © 2026, All Rights Reserved - www.shaktipumps.com
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the following discussion may contain “forward looking statements” by Shakti Pumps (India) Limited (“SPIL” or the company) that are not historical in nature. These forward-looking statements, which may include statements relating to future results of opera
Slide 4: Table of Contents
Table of Contents 01 Quarterly Financial Highlights 02 Investment Rationale 03 Company Overview 04 Historical Financial Highlights © 2026, All Rights Reserved - www.shaktipumps.com 3
Slide 5: Quarterly Financial Highlights
01 Quarterly Financial Highlights © 2026, All Rights Reserved - www.shaktipumps.com
Slide 6: Q2 & H1 FY27 at a Glance
Q2 & H1 FY27 at a Glance H1 FY27 Revenue Q2 FY27 Revenue Solar Pumps Installed, H1 FY27 ₹ 16,047 Mn ₹ 7,460 Mn 51,543 +24.5% YoY +12.0% YoY +29.3% YoY as on 23rd October 2026 EBITDA Margin 0.5 GW DCR Solar Module Plant ₹ 7,510 Mn 9.2% in H1 FY27 Commenced Trial Production 8.6% in Q2 FY27 © 2026, All
Slide 7: Management Commentary on Q2 & H1 FY27 Performance
Management Commentary on Q2 & H1 FY27 Performance “ We are pleased to report a healthy H1 FY27 performance, with revenue from operations growing 24.5% year-on-year to ₹ 16,047 Mn, driven by strong execution on the ground. Solar pump installations rose 29.3% year-on-year to 51,543 units during H1 FY2
Slide 8: Q2 & H1 FY27 Profit & Loss Statement
Q2 & H1 FY27 Profit & Loss Statement Q2 & H1 FY27 Consolidated Income Statement Particulars (₹ Mn) Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 Revenue from Operations 7,460 6,664 16,047 12,889 EBITDA 640 1,360 1,469 2,795 EBITDA Margins* % 8.6% 20.4% 9.2% 21.7% Finance Cost 189 133 334 231 Depreciation and Amor
Slide 9: Revenue and Execution Growth Remains Intact
Revenue and Execution Growth Remains Intact Revenue (₹ Mn) Revenue Q2 FY27 revenue of ₹ 7,460 Mn, up 12.0% YoY; H1 FY27 up 16,047 24.5% YoY to ₹ 16,047 Mn, driven by strong overall execution 12,889 6,664 7,460 Continued Strong Execution Momentum No. of solar pumps installed increased by 7.0% YoY in
Slide 10: EBITDA Margins Sustained Sequentially
EBITDA Margins Sustained Sequentially EBITDA (₹ Mn) Margins sustained sequentially despite macro headwinds 2,795 Input Costs 1,360 1,469 Stainless steel, copper, aluminium and mild steel remain at peak amid the geopolitical conflict 640 Q2 FY26 Q2 FY27 H1 FY26 H1 FY27 Logistics Costs EBITDA Margin –
Slide 11: Order Book Frames the Near-term Runway
₹ 7,510 Mn Order book Frames the Near-term Runway Policy momentum and state-level initiatives provide demand support, while management prioritizes sustainable execution and cash conversion Order Book as on 23rd October 2026 (Inclusive of GST) Order Value (₹ Mn) ₹ 7,510 Mn Off-Grid Solar Photovoltaic
Slide 12: Investment Rationale
02 Investment Rationale © 2026, All Rights Reserved - www.shaktipumps.com
Slide 13: Shakti Pumps at a Glance
Shakti Pumps at a Glance India’s only fully vertically integrated solar pumping company – in-house pumps, motors, controllers, VFDs, structures, inverters and solar modules – with 40+ years of engineering legacy and execution footprint in both domestic and international markets Business Overview Div
Slide 14: Investment Thesis
Investment Thesis Category-Defining Market Leader Integrated Capability Supports Execution at Scale ~25% share under PM-KUSUM with the widest, deepest execution Only player with truly end-to-end in-house manufacturing across track record and India’s only fully in-house manufacturing model in pumps,
Slide 15: Category-Defining Market Leader
Category-Defining Market Leader Deployment scale rose sharply as government-led water and clean-energy programmes continued to drive demand Government Business 86,086 +20% ~ 2.85 lakh Solar Pumps installed in FY26 FY26 YoY Installation growth Cumulative Solar Pumps Installed till date PM-KUSUM Advan
Slide 16: Integrated Capability Supports Execution at Scale
Integrated Capability Supports Execution at Scale From Raw Material to Farm-gate Installation — Shakti Pumps controls every link of the solar pumping value chain In-House Manufacturing Empanelment & Order Execution & Installation Multi-Channel Revenue Pumps, VFDs, structures, motors, Wins state & ce
Slide 17: A Structural, Policy-Backed Market Opportunity
A Structural, Policy-Backed Market Opportunity ₹ 5.5 Trillion - Total Potential Market for Solar Irrigation, New Installation plus replacement of Existing Diesel Pumps Demand Tailwinds PM KUSUM 2.0: India’s Next Wave of Agricultural Pump Solarization 12-13.5 Mn 8-9 Mn Additional Demand of Solar Pump
Slide 18: Execution Process & Guidelines under PM KUSUM Scheme
Execution Process & Guidelines under PM KUSUM Scheme General Mechanism Respective Nodal Agency of each state looks after the activities for New & Renewable Energy sector: STEP1: Farmer submits interest for Solar equipment and contributes 10% to STEP2: 100% State Nodal Agency 60% MNRE contributes 30%
Slide 19: Building the Next Growth Vectors Beyond Core Solar Pumping
Building the Next Growth Vectors Beyond Core Solar Pumping Actively diversifying revenue streams to capture India’s Renewable Energy Opportunity Electric Vehicle Motors & Controllers — Shakti EV Solar Rooftop — Shakti Energy Solutions Ltd. Mobility Pvt. Ltd. Leverages Shakti’s power-electronics expe
Slide 20: Investing Ahead of the Next Demand Wave
Investing Ahead of the Next Demand Wave A ~ ₹ 17,000 Mn phased capex programme positions Shakti Pumps to double core capacity and enter solar cell/module manufacturing 2.2 GW Solar DCR Cell EV Motors, Controllers & Doubling Core Capacities Greenfield capacity expansion at Chargers Pithampur, expecte
Slide 21: FY26 – A Year of Disciplined Execution
FY26 – A Year of Disciplined Execution A year of Disciplined Execution: Scale reached new highs while management moved cash conversion and capacity readiness to the center of the story. 01 02 03 04 Record Execution Financial Discipline Growth Runway Optionality Ahead FY26 Revenue reached ₹ 26,976 Mn
Slide 22: Company Overview
03 Company Overview © 2026, All Rights Reserved - www.shaktipumps.com
Slide 23: Been in the Pumps Business since last 4 Decades
Been in the Pumps Business since last 4 Decades 1982 1986 1996 2003 2008 2009 2013 2014 Started the SSI unit by Commencement of full- Listed on the Bombay Received quality Set up a separate SEZ 1st company to Corporate Excellence Started solar Pumps, Patidar Family fledged manufacturing stock exchan
Slide 24: Comprehensive Business Model
Comprehensive Business Model Motors, Controllers & Chargers for Solar Pumps Exports Solar Rooftop Electric Vehicles Govt. Projects Covering all major continents Industrial with a presence in Retail 100+ countries OEM & Others ₹ 22,321 Mn ₹ 4,111 Mn FY26 Revenue FY26 Revenue Market Leader at an Infle
Slide 25: Marquee Projects undertaken by Shakti Pumps
Marquee Projects undertaken by Shakti Pumps Drinking Water Supply Project, Maha Kumbh Mela, Uttar Pradesh Irrigation Project, Saudi Arabia Uganda De-watering Project at Burj Khalifa, Dubai Hydroponics Applications, Drinking Water Supply Project, Thailand Male De-watering Project at One Za'abeel Towe
Slide 26: State-of-art Manufacturing Facilities
State-of-art Manufacturing Facilities – with strong Technical Capability Main Unit (I) 3,50,000 per annum Pumps & Motors Capacity Backward Integration: • Spread across 16 acres • In-house manufacturing all the key components required for pumps and motor • 4”, 6”, 8” & 10” Motor Manufacturing Plant •
Slide 27: Diversified Customer Mix
Diversified Customer Mix FY24 FY25 FY26 77% 77% 69% 21% 17% 15% 10% 8% 6% Customers under Govt. Projects Export Customers Other Customers • Supplies solar pumps to farmers through • Supplies water pumping systems along with Supplies its pumps, motors & various other various State Governments (PM KUS
Slide 28: Diversified across Geographies
Diversified across Geographies Global Presence (100+ countries) Revenue from Exports (₹ Mn) FY26 Exports Revenue-mix 21% CAGR (FY23-26) 3.8% 2.6% 4,368 4,111 Middle East 41.1% United States 2,861 33.4% Africa Asia RoW 19.1% FY24 FY25 FY26 Updates • New orders which may translate into better overall
Slide 29: Presence in Industrial, OEMs and Others
Presence in Industrial, OEMs and Others 2,055 1,394 1,408 Revenue from Other Businesses (₹ Mn) FY24 FY25 FY26 Industrial Customers Other Businesses include Our products are used in industries for variety of purposes such as 362 fire-fighting, sewage, heating & cooling of systems, washing, 26 storage
Slide 30: Experienced Management Team
Experienced Management Team Mr. Dinesh Patidar Mr. Ramesh Patidar Chairman Managing Director A visionary, self-made industrialist and leader with a strong business acumen and A Graduate in Business Administration with having more than 19 years of experience in knowledge in development of engineering
Slide 31: Distinguished & Industry Professionals on the Board
Distinguished & Industry Professionals on the Board Mr. Hirabhai Somabhai Patel Mr. Bhim Singh Independent Director Independent Director A retired IAS officer and has held various reputable positions in different A SERB National Science Chair & Emeritus Professor, Department of Electrical department
Slide 32: Corporate Structure – Providing Global Presence
Corporate Structure – Providing Global Presence Shakti Pumps (India) Limited Domestic Foreign Shakti Energy Solutions Ltd Shakti Pumps (USA, LLC) Shakti Energy - 100% WOS has 1,00,000 solar structures annual 100% WOS based out of USA capacity located in Pithampur (MP), Currently only doing captive F
Slide 33: ESG Initiatives for Sustainable Growth of Business
ESG Initiatives for Sustainable Growth of Business SPIL has received [ICRA ESG] Impact Rating 78, Good – ESG Rating from ICRA in August 2026 Environment Sustainable Procurement Practices • Implemented sustainable procurement practices through a Supplier Quality Assessment system that evaluates vendo
Slide 34: Historical Financial Highlights
04 Historical Financial Highlights © 2026, All Rights Reserved - www.shaktipumps.com
Slide 35: Key Historical Financials Charts & Ratios
Key Historical Financials Charts & Ratios Revenue driven by improved demand of Break-up of Operating Costs as a % of Strong Margins Customer-wise revenue (₹ Mn) Solar pumps (₹ Mn) Revenue Employee Cost Other Customers Revenue EBITDA PAT EBITDA Margin PAT Margin Other Expenses Export Customers Cash P
Slide 36: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) FY24 FY25 FY26 Revenue from Operations 13,707 25,163 26,976 EBITDA 2,248 6,030 4,217 EBITDA Margins % 16.4% 24.0% 15.6% Finance Cost 195 443 591 Depreciation and Amortization Expense 190 200 283 PBT 1,899 5,558 3,592 Total Tax 482 1,475 1,016 PAT 1,41
Slide 37: Consolidated Balance Sheet & Cash Flow Statement
Consolidated Balance Sheet & Cash Flow Statement Consolidated Balance Sheet Consolidated Cash Flow Statement Particulars (₹ Mn) Mar-24 Mar-25 Mar-26 Sep-26 Particulars (₹ Mn) Mar-24 Mar-25 Mar-26 Sep-26 Assets Cash Flow from Operating Activities Net Fixed Assets 1,878 2,595 3,270 4,771 Profit Before
Slide 38: Thank You
Shakti Pumps (India) Limited THANK YOU! Dinesh Patel Chief Financial Officer [email protected] Ernst & Young LLP Vikash Verma / Rohit Anand / Riddhant Kapur [email protected] [email protected] [email protected] © 2026, All Rights Reserved - www.shaktipumps.com