SHAKTIPUMP - Shakti Pumps India

20 Sep 2023

Shakti Pumps (India) Ltd specializes in the production of a diverse range of pumps and motors. Additionally, the company provides cutting-edge water pumping solutions tailored to meet the needs of various sectors, including agriculture, horticulture, residential water supply, and both commercial and industrial applications.

🔹 Technicals:

▸ Trend changed in April
▸ Confirmed uptrend
▸ 20 and 50 EMA has acted as a support
▸ Good chance that it goes into consolidation for some time before moving higher
▸ A demand zone is present at 580-620. This zone could provide a bounce if and whenever the price returns to it.
▸ 200 EMA is also coinciding with the demand zone, thereby creating a confluence zone.

🔸 Fundamentals:

March 2023
▸ Sales: 968 Cr
▸ Sales Growth: -18%
▸ Net Profit: 24 Cr
▸ Net Profit Growth: -18%

March 2022
▸ Sales: 1179 Cr
▸ Sales Growth: 27%
▸ Net Profit: 65 Cr
▸ Net Profit Growth: 24%

March 2021
▸ Sales: 930 Cr
▸ Sales Growth: 143%
▸ Net Profit: 76 Cr
▸ Net Profit Growth: 24%

Muted sales in 2023 and the OPM% has also shrunk.

Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.