Rs 1,350 crore order book: Solar pumps manufacturer empanelled for 34,720 off-grid solar pumps by MSEDCL

Shakti Pumps (India) Ltd has been empanelled by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply and install 34,720 off-grid solar pumps under the PM KUSUM B scheme. The company, a major producer of energy-efficient pumps, has been selected for the Magel Tyala Saur Krushi Pump Yojana. The first phase of this project saw 10,000 off-grid solar pumps made available to farmers in Maharashtra.

In a remarkable display of demand, all 10,000 pumps were booked by farmers on the MSEDCL portal within just 1.5 hours of it going live. The swift response from farmers highlights their trust in Shakti Pumps' products and the high demand for sustainable water solutions. The total value of this initial order is approximately Rs 268.88 crore, solidifying the company's position as a leader in providing agricultural solutions.

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 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. 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.

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 24x, 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