One of the small-cap stocks engaged in the manufacturing of pumps and motors of various kinds. It also provides advanced water pumping solutions for a variety of applications, including irrigation, horticulture, domestic water supply, and commercial and industrial applications. The stock has hit upper circuits of 5% after getting orders from the Haryana Renewable Energy Department (HAREDA) for 3,174 pumps worth Rs. 116.36 crore.
Stock movement
The share price of Shakti Pumps (India) Limited hit a 5 percent upper circuit to Rs. 4,822.55 per share on Thursday, a significant rise from its previous close of Rs. 4,592.95 per share. The stock opened at Rs. 4,658.95 and is currently trading at Rs. 4,739.35, with a high of Rs. 4,750 and a low of Rs. 4,605. The market capitalization now stands at approximately Rs. 9,495.34 crore
What Happened
Shakti Pumps (India) Limited has received the work order under Component B of the PM‐KUSUM scheme from the Haryana Renewable Energy Department (HAREDA) for 3,174 pumps.
The total amount of work orders is Rs. 102.25 crore, and including GST, the amount will be Rs. 116.36 crore. The company will complete the work within a 120-day period from the date of issue of the work order.
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Recent quarter results and ratios
Shakti Pumps (India) Limited’s revenue has increased from Rs. 153 crore in Q2 FY24 to Rs. 635 crore in Q2 FY25, which has grown by 315.03 percent YOY. The net profit of Shakti Pumps (India) Limited has also grown by 1583.33 percent, from Rs. 6 crore in Q2 FY24 to Rs. 101 crore in Q2 FY25.
Shakti Pumps (India) Limited’s revenue and net profit have grown at a CAGR of 20.31 percent and 25.84%, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE should be 31.4% and 24.2%, respectively. The debt-to-equity ratio of the company is to be 0.17, which shows the company is almost debt-free. Shakti Pumps (India) Limited’s EPS is to be Rs. 166.
About the Company
Shakti Pumps (India) Limited stands as a leading manufacturer of diverse pump systems and motors in India. The company excels in producing submersible, solar, centrifugal, and specialized pumps for various applications. Its extensive product line serves crucial sectors like agriculture, irrigation, and industrial processes.
Shakti Pumps (India) Limited has built a strong global presence, delivering water-pumping solutions to more than 100 countries worldwide. The company produces power irrigation systems, enhances water supply in high-rise buildings, and supports waste treatment facilities.
Shakti Pumps meets diverse needs through offerings like pressure boosters, wastewater pumps, and solar-powered systems. The company continues to serve both domestic and commercial markets.
Written By – Nikhil Naik
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