Rs 1,350 crore order book: Multibagger Solar pumps stock jumps 7% as Company Secures Secures Rs 1,037 Crore Order from MSEDCL for 34,720 Solar Pumping Systems

Shakti Pumps (India) Limited (SPIL) was in focus on Wednesday after announcing it had secured a Rs 1,037 crore order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM KUSUM B scheme. The Letter of Empanelment is valid for one year, with installations required to be completed within 60 days of the Notice to Proceed or JSR approval. The scope covers design, manufacturing, supply, transport, installation, testing, and commissioning.

As of August 1, 2025, SPIL’s outstanding order book stood at around Rs 1,350 crore. Under Component B (off-grid SPWPS), orders total Rs 618.3 crore, while Component C (grid-connected systems) amounts to Rs 137.6 crore. Orders from Uganda and other domestic and export projects are valued at Rs 200.7 crore. Key projects include orders from agencies such as MEDA, the Department of Agriculture in Uttar Pradesh, RHDS in Rajasthan, JREDA in Jharkhand, and MID in Uttarakhand. The Magel Tyala Saur Urja Yojana in Maharashtra alone accounts for Rs 393.4 crore. The company expects further order inflows from various states in the coming months.

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On Wednesday, Shakti Pumps’ share price jumped over 7 per cent to an intraday high of Rs 899 before closing at Rs 871.80, up 4.32 per cent. 

Shakti Pumps (India) Ltd commenced FY26 with a robust performance, showcasing resilient execution and strong export momentum. In Q1FY26, the company reported a 10 per cent year-on-year growth in Revenue from Operations, reaching Rs 622.5 crore compared to Rs 567.6 crore in Q1FY25. This healthy top-line expansion was accompanied by solid profitability. EBITDA for the quarter stood at Rs 143.6 crore, marking a 5.7 per cent increase from Rs 135.9 crore in Q1FY25, with an EBITDA Margin of 23.1 per cent. Furthermore, Profit After Tax (PAT) grew by 4.5 per cent year-on-year to Rs 96.8 crore from Rs 92.7 crore in the corresponding quarter of the previous fiscal year.

Beyond financial performance, Shakti Pumps made strategic investments in Q1 FY26, allocating Rs 12 crore to its wholly-owned subsidiary, Shakti Energy Solutions Limited. This investment is earmarked for establishing a greenfield high-efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with an impressive production capacity of 2.2 GW. This move highlights the company's commitment to expanding its presence in the renewable energy sector.

The Promoter Group-Vintex Tools & Machineries Private Limited (Formerly Known as Vintex Tools Private Limited) bought 12,000 shares via the open market on August 06. The company has a market cap of over Rs 10,000 crore and as of August 01, 2025, it has an order book of Rs 1,350 crore. In July 2025, DIIs bought 27,17,951 shares & FIIs bought 17,19,613 shares, increasing their stakes to 6.42 per cent and 5.72 per cent, respectively, compared to March 2025. The shares of the company have a PE of 25x, an ROE of 43 per cent and an ROCE of 55 per cent. The stock gave multibagger returns of 600 per cent in 2 years and a whopping 2,700 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.