Shakti Pumps shares rally after bagging an order of Rs 654.03 crore from KREDL
DSIJ Intelligence-1Categories: Multibaggers, Trending
The stock gave multibagger returns of 300 per cent in 2 years and a whopping 1,00s per cent in 5 years.
On Monday, shares of this multibagger Solar pumps stock rallied 6.70 per cent to Rs 731.50 per share from its previous closing of Rs 685.65 per share. The shares of the company saw a Spurt in Volume by more than 6 times on the BSE.
Shakti Pumps (India) Limited (SPIL) has secured a significant domestic contract from Karnataka Renewable Energy Development Limited (KREDL) for the installation of 16,780 stand-alone off-grid DC solar photovoltaic water pumping systems across the state of Karnataka. Awarded under Component-B of the PM-KUSUM scheme, the contract is valued at Rs 600.58 crore (approximately Rs 654.03 crore inclusive of GST) and involves the design, manufacture, supply, installation, and commissioning of the systems. This project, which aligns with SEBI’s Regulation 30 disclosure requirements, is slated for completion by March 31, 2026, further strengthening Shakti Pumps' leadership in India's renewable energy and agricultural infrastructure sectors.
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 8,800 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 300 per cent in 2 years and a whopping 1,00s per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.