Shakti Pumps Multibagger Stock News: Major Rs 24 Crore Order Boosts Stock Performance
Shakti Pumps Multibagger Stock News is making waves in the stock market with a strong rally in its share price. The stock hit a 5% upper circuit for the second consecutive day, reaching Rs 874 per share on February 6, 2025. This surge comes after the company secured a Rs 24 crore order from the Maharashtra Energy Development Agency (MEDA).
Shakti Pumps Multibagger Stock News: Secures Key Order Under PM-KUSUM Scheme
Shakti Pumps has received an order to supply 877 Solar Photovoltaic Water Pumping Systems (SPWPS) under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. The company will oversee the design, manufacturing, supply, transportation, installation, testing, and commissioning of the systems, all to be completed within 120 days.
Shakti Pumps Multibagger Stock News: Strong Q3 Financial Performance
The company has demonstrated remarkable growth in the third quarter (Q3) of FY 2024-25, with net profit soaring by 130% YoY to Rs 104 crore. Meanwhile, operational revenue grew by 31% to Rs 648.8 crore.
Adding to its strength, Shakti Pumps holds a robust order backlog of Rs 2,070 crore, including a Rs 754.3 crore project under Maharashtra’s Magel Tyala Saur Krushi Pump Yojana.
Future Growth Plans & Expansion Strategy
Shakti Pumps Multibagger Stock News highlights the company’s strategy for expansion in the electric vehicle (EV) industry, particularly in electric controllers and motors. To enhance production, the company is also planning a solar module manufacturing plant.
To fund its expansion, the company has set a target of 25% growth over the next few years and is considering raising Rs 400 crore via Qualified Institutional Placement (QIP).
Shakti Pumps Multibagger Stock News: Stock Market Performance
Shakti Pumps has outperformed the market, recording a 14% gain in the last three months, while the Nifty 50 index declined by 9% during the same period.
Should You Invest in Shakti Pumps?
With a strong financial track record, high-value orders, and future expansion plans, Shakti Pumps Multibagger Stock News presents a compelling case for investors. However, it is always advisable to consult a financial expert before making investment decisions.
(Disclaimer: This article is for informational purposes only and should not be considered financial advice.)
Shakti Pumps Ltd: Leading the Way in Energy-Efficient Pumping Solutions
About the Company
Established in 1982, Shakti Pumps (India) Ltd is a leading manufacturer of energy-efficient stainless steel submersible pumps, solar pumps, and motors. With a presence in 125+ countries, the company has become a recognized global player.
Shakti Pumps Multibagger Stock News: Leadership & Vision
Founded by Mr. Dinesh Patidar, who currently serves as the Chairman, Shakti Pumps has focused on innovation, sustainability, and global expansion.
Market Valuation & Financial Growth
Currently, the company has a market capitalization of Rs 7.86 crore. In Q1 FY 2024-25, net profit surged by 9166% YoY to Rs 92.66 crore, up from just Rs 1 crore a year ago. Revenue also jumped from Rs 113.60 crore to Rs 567.56 crore.
Shakti Pumps Multibagger Stock News: Recent Business Wins & Government Collaborations
- PM-KUSUM Scheme: Secured a Rs 149.71 crore project to replace inefficient electric pumps with BLDC solar pump sets.
- MSEDCL Project: Received a Letter of Empanelment for 50,000 off-grid solar PV water pumping systems, valued at Rs 1,603 crore.
- Green Energy Transition: Expanding focus on solar and renewable energy projects for sustainable development.
Commitment to Sustainability & Innovation
Shakti Pumps is pioneering solar pumping solutions that help reduce operational costs while generating surplus energy, empowering farmers to achieve financial independence.
Conclusion
With strong financials, a growing order book, and strategic expansions, Shakti Pumps Multibagger Stock News is positioned for long-term growth. For investors seeking a multibagger stock with sustainable growth potential, this is a stock to watch.
(Stay updated with the latest Shakti Pumps Multibagger Stock News for investment insights and financial trends.)
