Rs 1,300 crore order book: Solar pumps manufacturer bags order worth Rs 529.01 crore; Details inside!
DSIJ Intelligence-1 / 12 Dec 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 290 per cent in 2 years and a whopping 1,300 per cent in 5 years.
Shakti Pumps (India) Limited, a leading Solar pumps manufacturer, has secured substantial domestic orders worth a total of Rs 529.01 crore for the supply and installation of Solar Water Pumping Systems (SWPS). The company received three significant work orders from government entities in Madhya Pradesh, Jharkhand, and Maharashtra. The largest of these is a Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 16,025 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana /PM Kusum B Scheme. This contract is valued at approximately Rs 443.78 crore (inclusive of GST) and is to be executed within 60 days of the work order/Notice to Proceed (NTP). These awards primarily fall under Component B of the PM-KUSUM scheme, underscoring the company's crucial role in promoting solar energy for agricultural use across India.
The remaining two orders further contribute to the total value and expand Shakti Pumps' reach in other states. The company received an order from the Madhya Pradesh Urja Vikas Nigam Limited for 2,033 stand-alone Off-Grid DC SPWPS pumps, valued at approximately Rs 71.25 crore (inclusive of GST). Additionally, a second order was secured from the Jharkhand Renewable Energy Development Agency for 1,200 Solar Water Pumping Systems, worth about Rs 23.98 crore (inclusive of GST). Both the Madhya Pradesh and Jharkhand orders specify a completion timeline of 120 days from the date of the work order/NTP. All three contracts broadly cover the design, manufacture, supply, transport, installation, testing, and commissioning of the solar water pumping systems, supporting the national mission to provide reliable and clean irrigation solutions to farmers.
About the Company
Shakti Pumps, a leading Indian manufacturer of pumps and motors for various applications like irrigation and domestic water supply, has been at the forefront of innovation with its well-regarded "Shakti" brand. Founded in 1982, they specialise in energy-efficient pumps, including solar options and manufacture a wide range of components in-house for complete solar pump solutions. Committed to sustainability and transforming agriculture, Shakti Pumps exports its products to over 100 countries and is India's first 5-star-rated pump manufacturer.
In Q2FY26, the company reported a 7.10 per cent year-on-year growth in Revenue from Operations, reaching Rs 666 crore compared to Rs 622 crore in Q1FY26. Profit After Tax (PAT) decreased by 6.2 per cent year-on-year to Rs 91 crore from Rs 97 crore in Q1FY26.
In September 2025, DIIs bought 24,56,849 shares & FIIs bought 8,31,720 shares, increasing their stakes to 6.71 per cent and 5.60 per cent, respectively, compared to June 2025 as per the BSE exchange. The company has a market cap of over Rs 9,000 crore and as of September 30, 2025, it has an Order Book of Rs 1,300 crore. The shares of the company have a PE of 20x, an ROE of 43 per cent and an ROCE of 55 per cent. The stock gave multibagger returns of 290 per cent in 2 years and a whopping 1,300 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.