Rs 2,400 crore order book & DIIs increase stake: Back-to-back upper circuits & 52-week highs in this multibagger pumps stocks; PAT zooms over 3,900 per cent!

The stock gave multibagger returns of 465 per cent from its 52-week low of Rs 443.75 per share.

Today, shares of Shakti Pumps (India) Limited (SPIL) were locked in a 5 per cent upper circuit to Rs 2,506.20 per share from its previous closing of Rs 2,386.90. The stock also made a fresh new 52-week high of Rs 2,506.20 per share with a spurt in volume by more than 5 times on BSE. In the recent trading sessions, the stock had been hitting back-to-back upper circuits and 52-week highs. The stock gave multibagger returns of 465 per cent from its 52-week low of Rs 443.75 per share.

Shakti Pumps, a leading Indian manufacturer of pumps and motors for various applications like irrigation and domestic water supply, has been at the forefront of innovation with its well-regarded "Shakti" brand. Founded in 1982, they specialize in energy-efficient pumps including solar options and manufacture a wide range of components in-house for complete solar pump solutions. Committed to sustainability and transforming agriculture, Shakti Pumps exports its products to over 100 countries and is India's first 5-star rated pump manufacturer.

The company announced stellar Quarterly Results (Q4FY24) and annual results (FY24). Here are the details:

Q4FY24 vs Q4FY23

• Revenue in Q4FY24 was up by 233.6 per cent YoY at Rs 609.3 crore up from Rs 182.7 crore.
• EBITDA at Rs 130.7 crore in Q4FY24 as compared to Rs 10.9 crore in Q4FY23. EBITDA margin at 21.5 per cent in Q4FY24 increased from 6 per cent in Q4YF23 and was largely driven by economies of scale and higher execution rate.
• PAT increased to Rs 89.7 crore in Q4FY24 from Rs 2.2 crore in Q4FY23, registering a sharp growth of over 3,900 per cent on a YoY basis. PAT margin stood at 14.7 per cent in Q4FY24 as against 1.2 per cent in Q4FY23.

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FY24 vs FY23

• Revenue up by 41.7 per cent YoY at Rs 1,370.7 crore as compared to Rs 967.7 crore in FY23.
• Revenue from government projects was up by 51.7 per cent YoY at Rs 945.1 crore and Export revenue at Rs 286.1 crore was up by 23.0 per cent YoY.
• EBITDA stood at Rs 224.8 crore in FY24 as compared to Rs 66.6 crore in FY23. EBITDA margin was at 16.4 per cent up by 953 bps YoY from 6.9 per cent in FY23.
• PAT grew by 487.2 per cent YoY to Rs 141.7 crore from Rs 24.1 crore in FY23. PAT margin expanded by 784 bps to 10.3 per cent in FY24 as against 2.5 per cent reported in FY23.

Shakti Pumps (India) Limited (SPIL) has been granted 2 additional patents by the Government of India, bringing the total number of patents awarded to the company to 13. Additionally, SPIL has been allotted 46 acres of land in Pithampur, Madhya Pradesh by Madhya Pradesh Industrial Development Corporation Limited (MPIDC) for future expansion. Furthermore, SPIL has invested Rs 5.08 crore in its wholly-owned subsidiary, Shakti EV Mobility Private Limited (formerly known as Shakti Green Industries Private Limited), to initiate and expand its business. This investment brings the consolidated investment of SPIL in the subsidiary to Rs 32 crore.

The company has a market cap of over Rs 5,000 crore and as of March 31, 2024, the company has an unexecuted order book of Rs 2,400 crore. As of March 2024, DIIs increased their stake by 8.37 per cent to 8.68 per cent compared to 0.49 per cent in March 2023. The stock gave multibagger returns of 460 per cent in just 1 year whereas BSE Small-Cap Index is up by 56 per cent. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.