This small-cap multibagger company has been granted a Patent for their Innovation in motors!

On Monday, shares of the company has surged by more than 7 per cent and made an intraday high of Rs 923.

Shakti Pumps (India) Ltd is a company focused on the production of a diverse range of pumps and motors. They specialize in providing advanced water pumping solutions for various purposes, including irrigation, horticulture, domestic water supply, as well as commercial and industrial applications. Their brand, "Shakti," enjoys a strong reputation both within India and on the global stage.

On September 4, 2023, Shakti Pumps (India) Limited, was granted a patent for their innovation named "High Starting Torque Direct Line Operated Energy Efficient Motor (Shakti Slip Star Synchronous Run Motor - S4RM)." The Patent Office of the Government of India awarded this patent in accordance with the Patents Act of 1970, with a validity period of 20 years from the filing date.

In addition to this, the company previously received a similar patent from the United States Patent and Trademark Office in August 2022. This marks the fourth patent secured by Shakti Pumps, with 25 patent applications pending approval in various domestic and international jurisdictions.

This innovation represents a major motor technology advancement, significantly improving efficiency, reducing electricity consumption and costs, benefiting the environment, and boosting pump performance in fluid transfer systems. It enhances power factor and minimizes energy loss during transmission, promoting energy conservation and cost savings in electrical systems.

The company has delivered returns of 68 per cent over the past year and stellar returns of 382 per cent over the past 3 years. Additionally, the company has a ROCE of 10.4 per cent and a ROE of 5.95 per cent.

On Monday, shares of the company has surged by more than 7 per cent and made an intraday high of Rs 923.

Investors should keep a close eye on this trending stock.

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