Rs 2,070 Crore Order Book & 3,255 Per Cent Returns: Multibagger Solar Pumps Stock Hit Upper Circuit; Board Likely To Announce Final Dividend
The stock gave multibagger returns of 169 per cent from its 52-week low of Rs 329.83 per share.
On Monday, shares of this multibagger solar stock hit a 5 per cent upper circuit to Rs 887.25 per share from its previous closing of Rs 845 per share. The stock gave multibagger returns of 169 per cent from its 52-week low of Rs 329.83 per share.
Shakti Pumps India Ltd has scheduled a Board of Directors meeting on Friday, May 9, 2025, to be conducted via video conferencing, where key matters will be addressed. The agenda includes the consideration and approval of the audited consolidated and standalone financial results for both the quarter and the financial year concluding on March 31, 2025, along with the accompanying Auditor's Report. Furthermore, the Board will deliberate and potentially recommend a final dividend to the shareholders for the financial year ending on the same date. Lastly, any other business deemed appropriate by a majority of the Directors will also be considered during the meeting.
Additionally, the company has secured a significant work order under Component B of the PM-KUSUM scheme from the Haryana Renewable Energy Department (HAREDA), encompassing the supply of 3,511 pumps. This order is valued at Rs 107.33 Crores, excluding GST and amounts to a total of Rs 122.14 crore, inclusive of GST at Rs 14.81 crore, marking a substantial development for the company in the renewable energy sector.
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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.
The company has a market cap of over Rs 10,000 crore and as of December 31, 2024, the company has an unexecuted order book of Rs 2,070 crore. In Q3FY25, the company witnessed strong growth across key financial metrics. Revenue from Operations surged by 30.9 per cent YoY to Rs 648.80 crore, driven by robust order execution. Consequently, PAT witnessed a remarkable 130.2 per cent YoY growth to Rs 104 crore, resulting in a healthy 16 per cent margin. This strong performance was further reflected in the 9MFY25 results. Revenue jumped to Rs. 1,850.90 crore, a substantial increase from Rs 761.50 crore in the same period last year. Similarly, PAT soared to Rs 298.10 crore, a remarkable YoY growth, with margins improving significantly to 16.1 per cent.
In February 2025 & March 2025, the promoters bought a total of 33,400 shares of the company as per the exchange. Additionally, FIIs bought 24,04,357 shares and increased their stake to 5.16 per cent in March 2025 compared to December 2024. The shares of the company have a PE of 29x, an ROE of 25 per cent and an ROCE of 31 per cent. The stock gave multibagger returns of 1,110 per cent in 2 years and a whopping 3,255 per cent in 5 years. Investors should keep an eye on this solar pump stock.
Disclaimer: The article is for informational purposes only and not investment advice.