Multibagger stock engaged in the manufacturing and selling of a wide range of pumps, motors, and spare parts, in green after it received its 8th for one of its inventions from the patent office government of India.
At 1:20 p.m. the shares of Shakti Pumps (India) Limited were trading at Rs. 995.90, up 0.29 percent from its previous day’s close price of Rs. 993 and its market capitalization is Rs. 1,828 Crores. It has delivered multi-bagger returns of 142 percent in a year.
Shakti Pumps (India) Limited has received its 8th Patent for its ground‐breaking pump design for inventing a Helical Pump Assembly from the Government of India. This patent is valid for 20 years.
Shakti Pumps (India) Limited is engaged in the manufacturing and selling of a wide range of pumps, motors, and spare parts. Its products include submersible pumps, pressure booster pumps, open well pumps, and many more with solar-powered pumps being its core business driver.
It has a global presence and its geographical revenue mix is as follows, Middle East 44 percent, United States 30 percent, Africa 15 percent, Asia 7 percent, and 4 percent rest of the world.
It had earlier approved an investment of Rs. 114.29 Crores over the next five years into its subsidiary Shakti EV Mobility Pvt. Ltd, as it anticipates the EV industry to flourish in the next few years.
The company’s revenue from operations declined 17.89 percent from Rs. 1,178.54 Crores in FY22 to Rs. 967.68 Crores in FY23, accompanied by profits of Rs. 64.82 Crores to Rs. 24.13 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
