AI-generated · cited to primary sources · not investment advice
Shakti Pumps (531431) Nov 2023 Filing Analysis
Does management do what it says?
The company confirmed the successful completion of the Rs. 2,000 Mn (Rs. 200 Crores) QIP in 2024 and is currently executing capacity expansions across all these product lines. (1 met, 4 in progress across 5 tracked commitments)
“The Company Board has approved an investment of Rs. 114.29 Crores over the next five years in this subsidiary, as we anticipate the EV industry to flourish in the next few years.”
The company delivered its strongest performance ever in FY24, with revenue growing 41.7% YoY and EBITDA growing 237.8% YoY, confirming a massive upturn in the second half (Q4 revenue alone was Rs. 6,093 Mn vs Rs. 1,827 Mn in Q4FY23). (1 exceeded, 1 missed, 3 in progress across 5 tracked commitments)
“Haryana Renewable Energy Department (HAREDA) | 7,781 [Pumps] | 358.0 [Rs. Crores] | 120 days ^”
See the full cited Management analysis of Shakti Pumps
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