Buy Shakti Pumps @ Rs 140 //Pradnya Gaikwad // 3 Feb 2016

[pradnya gaikwad]

Buy   Market Price Rs 140 Target Price Rs 168

Shakti Pumps:

 

• Increased domestic sales by nearly 60%; achieved highest ever domestic sales. Penetrated deeper into the US, entered markets in Latin America and Africa; widened global footprint from 70 to 100 countries in three years.

• Prudently decided not to push sales in geographies marked by challenges (some Middle Eastern countries) which could have resulted in stretched receivables, despite these being major markets for the Company.

 • Grew our presence in every major region (other than the Middle East). • Increased the proportion of valueadded products (solar submersible pump boosters and industrial pumps); launched 350HP submersible pumps and sewage pumps

• Strengthened EBIDTA margins from 17.95% in 2013-14 to 18.72% in 2014-15 despite challenging market condition.

 

 

STOCK  INFO

Sector                               Pumps        Market Cap                     Rs234.91  52WeekH/L (BSE)          120.80 / 238.10  52WeekH/Low (NSE)     120.25 / 239.00  Volume                             2,271    Face value                         10.00  BSE Sensex               138.80  NSE                             138.90

Category                                          % of Holding
	(A)Promoters                                50.09 (B) General Public                         21.94 (C) Others                                      22.88 (D) NBFC And Mutual Funds        4.95 (E) Financial Institutions               0.14
Total                                               100		100