Promoters bought 27,400 shares & Rs 2,070 Crore order book: Solar pumps manufacturer bags order worth Rs 23.91 crore from MEDA

The stock gave multibagger returns of 1,015 per cent in 2 years and a whopping 2,180 per cent in 5 years.

Shakti Pumps (India) Limited has secured a significant domestic work order from the Maharashtra Energy Department Agency (MEDA) valued at Rs 23.91 crore (inclusive of GST). This order, under Component-B of the PM-KUSUM scheme, entails the design, manufacture, supply, transport, installation, testing, and commissioning of 877 Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra. The project is to be completed within 120 days from the issuance of the work order, furthering the company's contribution to renewable energy solutions in the region.

Additionally, the company further solidified its investment in the electric vehicle component market by injecting an additional Rs 6 crore into its wholly-owned subsidiary, Shakti EV Mobility Private Limited, through the subscription of 60,00,000 equity shares. This latest investment, which brought the total consolidated investment to Rs 45 crore, fueled Shakti EV Mobility's operations in manufacturing electric vehicle motors and chargers. Formerly Shakti Green Industries, the subsidiary, with assets of Rs 3,723.92 lakh and a turnover of Rs 430.09 lakh as of March 31, 2024, focused on producing motors for a wide range of electric vehicles, including two, three, and four-wheelers, as well as EV chargers, exclusively within India. This equity subscription, completed without requiring external approvals, was designed to strengthen Shakti EV Mobility's market position and growth trajectory in the burgeoning electric mobility sector.

About the Company

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 has a market cap of over Rs 10,000 crore and as of December 31, 2024, the company has an unexecuted order book of Rs 2,070 crore. In Q3FY25, the company witnessed strong growth across key financial metrics. Revenue from Operations surged by 30.9 per cent YoY to Rs 648.80 crore, driven by robust order execution. Consequently, PAT witnessed a remarkable 130.2 per cent YoY growth to Rs 104 crore, resulting in a healthy 16 per cent margin. This strong performance was further reflected in the 9MFY25 results. Revenue jumped to Rs. 1,850.90 crore, a substantial increase from Rs 761.50 crore in the same period last year. Similarly, PAT soared to Rs 298.10 crore, a remarkable YoY growth, with margins improving significantly to 16.1 per cent.

In February 2025, the promoters bought 27,400 shares of the company as per exchange filing. Furthermore, the shares of the company ex-traded bonus Shares in the ratio of 5:1, i.e., 5 new fully paid-up equity shares for every 1 existing fully paid-up equity share. The ex-date for bonus shares was Monday, November 25, 2024. The stock gave multibagger returns of 1,015 per cent in 2 years and a whopping 2,180 per cent in 5 years. Investors should keep an eye on this solar pump stock.

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