The shares of this small-cap stock hit 5 percent upper circuit after the company received a new work order from Minor Irrigation Department, Uttarakhand worth Rs 8.50 crore.
Shakti Pumps (India) Ltd has a market capitalization of Rs 9,130.00 crore, the shares were trading at Rs 4,622.00 per share, increasing around 2.06 percent as compared to the previous closing price of Rs 4,464.85 apiece.
Reason for Rise:-
Today, the shares of the company have seen positive movement after Shakti Pumps (India) Ltd received a new order from the state of Uttarakhand. Minor Irrigation Department, Uttarakhand for 200 Nos. of Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Uttarakhand. The order was valued at Rs 8.50 crore.
Financial Performance:-
Examining the company’s financial performance, revenue magnified a significant 403 percent from Rs 113 crore in Q1FY24 to Rs 568 crore in Q1FY25, during the same time frame net profit zoomed 9200 percent from Rs 1 crore to Rs 93 crore.
Order Book & PM KUSUM program:-
Shakti Pumps (India) Ltd has a healthy order book of Rs 2,000 crore as of June 2024, these orders are expected to be executed in the next 15 months. The company received these orders from different states including Maharashtra State Electricity Distribution Company Limited (MSEDCL) & Maharashtra Energy Department Agency, Haryana Renewable Energy Department, and others.
Shakti Pumps is one of the few Indian businesses that can produce solar and submersible pumps and motors in-house. The firm is the largest recipient of the PM KUSUM program, with a 25% market share.
Geograph presence & return:-
The company has 3 integrated manufacturing located in Pithampur, MP with more than 1,500 high-quality product variants, additionally, the company obtained 14 patents across multiple verticals within the product life-cycle.
The shares of the company were given a multi-bagger return of 224 percent in just six months and 590 percent in a year. If an individual invested Rs 1 lakh a year ago it will be worth it now Rs 6.90 lakh.
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Company Profile:-
Shakti Pumps (India) Limited manufactures pumps, motors, and replacement components. The company offers a range of products, including submersible pumps, solar pumps, vertical
multistage centrifugal pumps, monoblock end suction pumps, pressure booster pumps, wastewater pumps, and open well pumps.
Written by:- Abhishek Singh
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