Shareholding for the Period Ended June 30, 2017
Shakti Pumps India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2017. For more details, kindly Click here11-07-2017
11-07-2017
Small cap firm Shakti Pumps set to gain from pump replacements and GST
A strong fourth quarter in FY17 has placed Shakti Pumps in a position for growth. The company's sales grew by 124% in Q4, from Rs 164 crore in the same period last year; net profits jumped from Rs 0.22 crore to Rs 10.9 crore yoy. Promoters have increased their stake in the company in the most recent quarter. The firm delivered growth in FY17 in the face of multiple challenges: a weak monsoon, lower demand in the agri segment, and low Middle East demand due to weak oil prices. Among these issues, a few are starting to resolve, pointing to stronger quarters in the coming months. Strong monsoon predictions have revived demand and credit growth, although challenges remain in rural spending due to indebtedness. Government moves towards more efficient pumps to replace older infrastructure, and solar-powered pumps are driving growth for the company. Another big positive shift for Shakti is GST. GST is set to make unorganized pump makers and their prices less competitive, and also allow Shakti Pumps to target a broader domestic market. The firm is focusing on this through spends to expand its distribution network. This is happening as the pump market is expanding - estimates suggest that close to 2.6 crore pumps need to be replaced in India to conserve both electricity and diesel. Shakti Pumps is present in the trendlyne screener for high YoY net profit growth.22-06-2017
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vintex Tools Pvt Ltd20-06-2017
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vintex Tools Pvt Ltd18-06-2017
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vintex Tools Pvt Ltd17-06-2017
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vintex Tools Pvt Ltd14-06-2017
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vintex Tools Pvt Ltd02-06-2017
Revised Financial Result For The Quarter And Year Ended, 31St March 2017
Revised Financial result for the quarter and Year Ended, 31st March 201702-06-2017
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vintex Tools Pvt Ltd27-05-2017
Disclosures under Reg. 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vintex Tools Pvt Ltd24-05-2017