scorecardresearchNormal monsoon to lift revenue of agri-pump makers 8-10%, says Crisil

Normal monsoon to lift revenue of agri-pump makers 8-10%, says Crisil

Updated: 23 Sep 2022, 10:08 AM IST
TL;DR.
  • The rating agency pointed out that higher volume-driven growth and stabilising input prices will lead to operating margins rising up to 100 basis points to nearly 11-12% this fiscal, and improve cash accruals.
The  <span class='webrupee'>₹</span>5,000 crore sector is dominated by conventional pumps (grid-connected and diesel pumps), which account for 92% share, followed by solar pumps (8%).

The 5,000 crore sector is dominated by conventional pumps (grid-connected and diesel pumps), which account for 92% share, followed by solar pumps (8%).