Solar Pump Manufacturer Bags Order Worth Rs 8,50,00,000; Profit Surged by 9,200 Per cent in Q1 FY25, FIIs Increased Stake!

The company’s shares have delivered an impressive return of over 500 per cent in just 1 year.

Shakti Pumps (India) Limited has received its first order from the state of Uttarakhand. The Minor Irrigation Department of Uttarakhand has issued a Letter of Award for 200 Solar Photovoltaic Water Pumping Systems (SPWPS) to be installed at various locations across the state under Component-B of the PMKUSUM scheme. The total value of the order is approximately Rs 8.50 crore (inclusive of GST), with a completion timeline of 150 days from the date of the work order.

Shakti Pumps (India) Limited is engaged in the manufacturing of a diverse range of pumps and motors. The company provides advanced water pumping solutions for various applications, including irrigation, horticulture, domestic water supply, and commercial and industrial uses. The brand "Shakti" enjoys strong recognition and acceptance in both domestic and international markets.

On Friday, shares of Shakti Pumps (India) Limited closed at around Rs 4464.85 per share. The company’s current market capitalization stands at Rs 8945.37 crore. Additionally, the shares have delivered a multibagger return of over 200 per cent in the past 6 months.

As per the Quarterly Results, in Q1 FY25, Shakti Pumps (India) Limited recorded a revenue of Rs 568 crore from Rs 113 crore. The operating profit for Q1 FY25 stood at Rs 136 crore. The net profit for Q1 FY25 stood at Rs 93 crore compared to a profit of Rs 1 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 1371 crore in FY24. The operating profit for FY24 was Rs 225 crore with a net profit of Rs 142 crore compared to a net profit of Rs 24 crore in FY23.

Investors must keep this Small-Cap company on their radar.

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