Buoyed By Order Book, Shakti Pumps Eyes ₹3,000cr Revenue in FY26

Buoyed By Order Book, Shakti Pumps Eyes ₹3,000cr Revenue in FY26

Indian solar pump manufacturer Shakti Pumps, in its latest investor call, told the investors about its plan to target a minimum revenue of ₹3,000 crore (USD 360 million) for the financial year 2025-26, following strong operational gains and a secure supply of solar panels.

Chairman Dinesh Patidar said the company reached its FY25 revenue goal of ₹1,800 crore within nine months. “This is the highest operational performance in our history,” he told investors during a call on the firm’s fourth-quarter and annual results.

Plum Order Book & Exports 

The company reported an order book of ₹1,655 crore, with major orders from Maharashtra and Haryana. It expects to maintain momentum in the coming quarters, driven by ongoing demand under India’s PM-KUSUM solar irrigation scheme.

Payment cycles from state governments have improved, according to Patidar, dropping from 178 days to 152 days. The company aims to reduce this further to 120 days.

The top management of the firm said that panel supply agreements have been secured with ReNew Power (₹1,300 crore), Adani Solar, and Premier Energies. Procurement under these contracts has already begun.

Q4 revenues of Shakti Pumps In Last 5 Years.

Secured Solar Module Supplies 

“We have ensured adequate panel supply for our ₹3,000 crore target,” Patel said, adding that Shakti is aiming for a 24 percent EBITDA margin and will operate primarily in states offering favorable returns.

The company said that it does not anticipate a slowdown in PM-KUSUM-related orders and projects exports will contribute ₹500 crore to next year’s revenue. On manufacturing, Shakti is expanding its variable frequency drive (VFD) inverter capacity and has acquired land for a solar module facility. The project is in the planning stage, with no final decision yet.

When asked about the slight dip in its market share, the Patidar said that the firm is not willing to follow the rush for all orders but would like to confine mostly to states that offer better margins and faster payment cycles.

“This is a large market, and we welcome new entrants. But we will focus only on states with better payment records and margins. We is a strategic decision to ensure the continuous growth of revenue without focusing on the market share,” he said.

Profits of Shakti Pumps In Last 5 Years.