{"id":145428,"date":"2023-05-09T01:45:17","date_gmt":"2023-05-09T05:45:17","guid":{"rendered":"https:\/\/44.250.171.167\/?p=145428"},"modified":"2023-05-09T01:45:18","modified_gmt":"2023-05-09T05:45:18","slug":"shakti-pumps-india-limited-shaktipump-q4-fy23-earnings-concall-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/shakti-pumps-india-limited-shaktipump-q4-fy23-earnings-concall-transcript\/","title":{"rendered":"Shakti Pumps (India) Limited (SHAKTIPUMP) Q4 FY23 Earnings Concall Transcript"},"content":{"rendered":"

Shakti Pumps (India) Limited (NSE:SHAKTIPUMP) Q4 FY23 Earnings Concall dated May. 08, 2023.<\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Rohit Anand<\/strong>\u00a0—\u00a0Investor Relations<\/em><\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Dinesh Patel<\/strong>\u00a0—\u00a0Chief Financial Officer<\/em><\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

Analysts:<\/h2>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Vishal<\/strong>\u00a0—\u00a0Swan — Analyst<\/em><\/p>\n

Anik Ankit<\/strong>\u00a0—\u00a0JHP Securities — Analyst<\/em><\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

Nitin Gandhi<\/strong>\u00a0—\u00a0KIFS Trade Capital Private Limited — Analyst<\/em><\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

Balasubramanian A<\/strong>\u00a0—\u00a0Arihant Capital Markets Limited — Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to the Shakti Pumps India Limited Q4 and FY ’23 Earnings Conference Call. [Operator Instructions]<\/p>\n

I now hand the conference over to Mr. Rohit Anand from Ernst & Young, LLP. Thank you and over to you Mr Anand.<\/p>\n

Rohit Anand<\/strong>\u00a0—\u00a0Investor Relations<\/em><\/p>\n

Thank you, and good afternoon, everyone. Before we proceed, let me remind you that our discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties and other factors. It must be viewed in conjunction with our business risks that could cause future results, performance or achievements to differ significantly from what is expressed or implied by such forward-looking statements.<\/p>\n

To take us through the financial results and development and to answer your question today, we have the senior management of Shakti Pumps India Limited represented by Mr. Dinesh Patidar, Managing Director; Mr. Ramesh Patidar, Executive Director – Exports; Mr. Dinesh Patel, Chief Financial Officer; and Mr Ravi Patidar, [Technical Issues] by Mr. Mr. Dinesh Patidar, followed by a Q&A session.<\/p>\n

I will now hand over the call to Mr. Patidar. Over to you, sir.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you, Rohit. [Foreign Speech]<\/p>\n

Over to Dinesh.<\/p>\n

Dinesh Patel<\/strong>\u00a0—\u00a0Chief Financial Officer<\/em><\/p>\n

Thank you, sir. Revenue from operation in Q4 FY ’23 stood at INR182.7 crore as against INR384.6 crore in the corresponding quarter. Revenue from the export business stood at INR68.9 crores as compared to INR51.5 crores. Registering a strong growth of 34% Y-o-Y EBITDA for Q4 FY ’23 was at INR10.9 crore and EBITDA margin was at 6%. The Company reported a PAT of INR2.2 crore during Q4 FY ’23. During the full-year FY ’23, we recorded a revenue of INR967.7 crore as against INR1,178.5 crores in FY22. The export business continued its growth journey and felt 27% Y-o-Y to INR234.8 crores. [Technical Issues] for FY ’23 was at INR66.6 crores. EBITDA margin at 6.9% and PAT was at INR24.1 crores.<\/p>\n

Now I request the moderator to open the floor for question and answer.<\/p>\n

Operator<\/strong><\/p>\n

Sir, should we begin the question-and-answer session?<\/p>\n

Dinesh Patel<\/strong>\u00a0—\u00a0Chief Financial Officer<\/em><\/p>\n

Yes.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you. [Operator Instructions] Our first question is from the line of Mr. Kaushal Vora from Latin Manharlal Securities. Please go ahead.<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Sir, wanted to know more about the Kusum 3.0. As you said, size is 8,57,000 pump. So what is the timeline for that?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patel<\/strong>\u00a0—\u00a0Chief Financial Officer<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

So we can expect by July onwards, we can see the Kusum 3.0 starting?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Sure.<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Okay. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Okay.<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Kaushal Vora<\/strong>\u00a0—\u00a0Latin Manharlal Securities — Analyst<\/em><\/p>\n

Okay. That’s it from my side. Thank you and all the best.<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

Thank you.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you, Vora ji. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Mr. Vishal from Swan. Please go ahead.<\/p>\n

Vishal<\/strong>\u00a0—\u00a0Swan — Analyst<\/em><\/p>\n

Thank you for taking my question, sir. Sir, just wanted to know the break-up customer-wise, which you’ll give every year.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Vishal<\/strong>\u00a0—\u00a0Swan — Analyst<\/em><\/p>\n

Sir, basically customer segment-wise breakup for the year, as well as for the quarter, that will be helpful, sir.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Technical Issues]<\/p>\n

Vishal<\/strong>\u00a0—\u00a0Swan — Analyst<\/em><\/p>\n

[Foreign Speech] Sir, how do you see now going-forward [Foreign Speech] you will be participating in the tender. So, how fast you expect this ordering process will start and when will this execution start. So can we easily assume [Foreign Speech] majority of the ordering will be in the second-half or second quarter [Foreign Speech] roadmap?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Vishal<\/strong>\u00a0—\u00a0Swan — Analyst<\/em><\/p>\n

Okay. Okay. [Foreign Speech] Is this understanding right?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Right, right, right, right, right. [Foreign Speech]<\/p>\n

Vishal<\/strong>\u00a0—\u00a0Swan — Analyst<\/em><\/p>\n

[Foreign Speech] you’re saying, sir, Q2 FY ’24?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yeah.<\/p>\n

Vishal<\/strong>\u00a0—\u00a0Swan — Analyst<\/em><\/p>\n

Okay. So in terms of [Foreign Speech] in Q1, our performance will be slightly better than Q4, but it will not be significantly better, because [Foreign Speech]?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Perfectly right. [Foreign Speech]<\/p>\n

Vishal<\/strong>\u00a0—\u00a0Swan — Analyst<\/em><\/p>\n

Okay. Fantastic, sir. Thank you so much and all the best, sir.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you, Vishal. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Mr. Anik Ankit from JHP Securities. Please go ahead.<\/p>\n

Anik Ankit<\/strong>\u00a0—\u00a0JHP Securities — Analyst<\/em><\/p>\n

Thank you for taking a quick question. So actually I wanted to ask in Kusum scheme II, the Shakti Pumps contribution in total execution is getting reduced quarter-on-quarter. So what’s the reason behind that, because in quarter one, it was 45%, currently in quarter four it is at 24%. Any reason for that?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Anik Ankit<\/strong>\u00a0—\u00a0JHP Securities — Analyst<\/em><\/p>\n

Okay. Okay. [Foreign Speech]<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Anik Ankit<\/strong>\u00a0—\u00a0JHP Securities — Analyst<\/em><\/p>\n

Okay. Quarter four —<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Anik Ankit<\/strong>\u00a0—\u00a0JHP Securities — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Anik Ankit<\/strong>\u00a0—\u00a0JHP Securities — Analyst<\/em><\/p>\n

Okay. Okay. Thank you. Thank you so much.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you, Ankit.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Vijay Srivastava from VSF Associates. Please go ahead. Mr. Srivastava, your line has been unmuted. You can go ahead with your question.<\/p>\n

As there is no response from the participant’s line, may I request the management that we’ll move to the next question. Our next question is from the line of Hardik Vyas from Economic Times. Please go ahead.<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

Good afternoon, sir. [Foreign Speech] So those rates are going to be the same for all the states or [Foreign Speech]?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

Okay. Okay. Sir, last question [Foreign Speech]<\/p>\n

Ramesh Patidar<\/strong>\u00a0—\u00a0Executive Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

Okay. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Hardik Vyas<\/strong>\u00a0—\u00a0Economic Times — Analyst<\/em><\/p>\n

Okay. Thank you, sir. All the best.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank, Hardik. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Mr. Nitin from KIFS Trade Capital Private Limited. Please go ahead.<\/p>\n

Nitin Gandhi<\/strong>\u00a0—\u00a0KIFS Trade Capital Private Limited — Analyst<\/em><\/p>\n

Yeah. Thanks for taking my question. With reference to the current two-year order of 8.6 like pump, what is the market share strategy which we are planning, because some of the states you might be aggressive and some states you might [Technical Issues] So if you can share some thoughts here getting major market share in that.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Nitin Gandhi<\/strong>\u00a0—\u00a0KIFS Trade Capital Private Limited — Analyst<\/em><\/p>\n

Thank you. [Foreign Speech] 7%. Can we expect something on mid-double-digit.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yes, Nitin. [Foreign Speech]<\/p>\n

Nitin Gandhi<\/strong>\u00a0—\u00a0KIFS Trade Capital Private Limited — Analyst<\/em><\/p>\n

All the best, sir. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you.<\/p>\n

Nitin Gandhi<\/strong>\u00a0—\u00a0KIFS Trade Capital Private Limited — Analyst<\/em><\/p>\n

All the best.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you.<\/p>\n

Nitin Gandhi<\/strong>\u00a0—\u00a0KIFS Trade Capital Private Limited — Analyst<\/em><\/p>\n

Thank you. Our next question is from the line of Forum Makim from Equitree Capital. Please go ahead.<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Hello, sir. Congratulations on being qualified for 21 states. Sir, [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Okay. [Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yes. [Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Right, sir. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Okay, sir. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Okay, sir. [Foreign Speech] for the next two years?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Right, right, sir. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Okay, sir. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Right, sir. Sir, just two more questions, sir. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Okay, sir. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Okay, sir. Okay. Thank you so much, sir.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Dipesh Sancheti from Manya Finance. Please go ahead.<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

Yes, sir. Sir, first thing, though, what is our capacity and [Foreign Speech] in India, as well as Uganda?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

Okay. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

[Foreign Speech] our company generally does — has a market share of 30% to 35%. Can we do any thousand crores in the next few years?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

Because, this entire order [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Forum Makim<\/strong>\u00a0—\u00a0Equitree Capital — Analyst<\/em><\/p>\n

Sir, just to understand, sir, [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

Okay, sir. Okay.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

Okay. Okay. And what is the current order book, sir?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

Okay. [Foreign Speech] after the ramp-up?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

[Foreign Speech] will we maintain the same debt or we will ramp-up, because we will need more capacity utilization?<\/p>\n

Dinesh Patel<\/strong>\u00a0—\u00a0Chief Financial Officer<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

[Foreign Speech] I completely understand that the loan is not big enough, but [Foreign Speech] because of higher capacity utilization.<\/p>\n

Dinesh Patel<\/strong>\u00a0—\u00a0Chief Financial Officer<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

[Foreign Speech] how does the payment happen?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

Great. Great, sir. Thank you so much, sir, and all the very best. I hope you will definitely achieve your double-digit margins and more so I think INR8,000 crores [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yes, yes, definitely.<\/p>\n

Dipesh Sancheti<\/strong>\u00a0—\u00a0Manya Finance — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Rikesh Parikh from Rockstud Capital LLP. Please go ahead.<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

Thanks for the opportunity. Sir, [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

Okay. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

Okay. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

Okay. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Perfectly right. [Foreign Speech]<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Rikesh Parikh<\/strong>\u00a0—\u00a0Rockstud Capital LLP — Analyst<\/em><\/p>\n

Okay. Thanks. That’s it from my side.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Balasubramanian from Arihant Capital Markets Limited. Please go ahead.<\/p>\n

Balasubramanian A<\/strong>\u00a0—\u00a0Arihant Capital Markets Limited — Analyst<\/em><\/p>\n

Hello?<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Yes.<\/p>\n

Balasubramanian A<\/strong>\u00a0—\u00a0Arihant Capital Markets Limited — Analyst<\/em><\/p>\n

Yeah. Sir, just wanted a confirmation on the payment cycle that you mentioned 90% of the payment is received in 30 days or 90 days [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Sure. Sure. [Foreign Speech] 90% within 30 days and 10% within 90 days.<\/p>\n

Balasubramanian A<\/strong>\u00a0—\u00a0Arihant Capital Markets Limited — Analyst<\/em><\/p>\n

Okay. [Foreign Speech]<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Balasubramanian A<\/strong>\u00a0—\u00a0Arihant Capital Markets Limited — Analyst<\/em><\/p>\n

Okay. Okay. Understood.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Balasubramanian A<\/strong>\u00a0—\u00a0Arihant Capital Markets Limited — Analyst<\/em><\/p>\n

Okay. Understood. Understood.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

[Foreign Speech]<\/p>\n

Balasubramanian A<\/strong>\u00a0—\u00a0Arihant Capital Markets Limited — Analyst<\/em><\/p>\n

Understood. Understood. Thank you so much for the clarification, sir.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you. Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Due to time constraints, that was the last question of our question-and-answer session. I would now like to hand the conference over to Mr. Dinesh Patidar for closing comments.<\/p>\n

Dinesh Patidar<\/strong>\u00a0—\u00a0Managing Director<\/em><\/p>\n

Thank you. [Foreign Speech]<\/p>\n

Operator<\/strong><\/p>\n

[Operator Closing Remarks]<\/p>\n","protected":false},"excerpt":{"rendered":"

Shakti Pumps (India) Limited (NSE:SHAKTIPUMP) Q4 FY23 Earnings Concall dated May. 08, 2023. Corporate Participants: Rohit Anand\u00a0—\u00a0Investor Relations Dinesh Patidar\u00a0—\u00a0Managing Director Dinesh Patel\u00a0—\u00a0Chief Financial Officer Ramesh Patidar\u00a0—\u00a0Executive Director Analysts: Kaushal Vora\u00a0—\u00a0Latin Manharlal Securities — Analyst Vishal\u00a0—\u00a0Swan — Analyst Anik Ankit\u00a0—\u00a0JHP Securities — Analyst Hardik Vyas\u00a0—\u00a0Economic Times — Analyst Nitin Gandhi\u00a0—\u00a0KIFS Trade Capital Private Limited — […]<\/p>\n","protected":false},"author":1905,"featured_media":71742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"$Shakti Pumps (India) Limited (SHAKTIPUMP) Q4 FY23 Earnings Concall Transcript #earnings #markets 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