This small-cap stock jumps up to 7% after it received a Patent from the government of India on Monday. This stock delivered 64% returns in one year to the investors. Currently, stocks are trading 3.7% below the 52-week high and above the 50-day and 200-day moving averages.
Shakti Pumps (India) Ltd
Shakti Pumps (India) Ltd belongs to the small-cap category, with a market capitalisation of Rs. 1,653 Cr. On Monday the stock opened at Rs. 864.50, at 1.30 p.m. stocks were trading 4.2% up at Rs. 894 on NSE.
According to the company filing, the company has received a Patent for High Starting Torque Direct Line-Operated Energy Efficient Motor (Shakti Slip Star Synchronous Run Motor – S4RM) from the Government of India. This patent is set to maintain its validity for a period of 20 Years.
Recently on 30th August, the company received an order worth Rs. 358 Cr under KUSUM-3 scheme from the Haryana Renewable Energy Department for 7,781 pumps.
The total revenue of the company declined by 55% YoY from Rs. 255.55 Cr in Q1 FY23 to Rs. 113.60 Cr in Q1 FY24 and net profit declined to Rs. 0.99 Cr in Q1 FY24 from Rs. 8.73 Cr in Q1 FY23.
As per the latest shareholding information, promoters hold 56.22%, DIIs hold 0.16%, FIIs hold 0.39% and Public hold a 43.23% stake in this company.
Shakti Pumps (India) Ltd. The company business is engaged in the manufacturing industry. The business makes motors and pumps. The company offers a variety of product types that are used in firefighting systems, irrigation, pressure-boosting systems, groundwater delivery and others.
Written by Sheshadri N
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