Synopsis: Shakti Pumps Ltds share surged 17% today on receipt of a work order regarding the supply of water pumping system over the state of Maharashtra under the PM KUSUM scheme.
The shares of this company primarily engaged in manufacturing of pumps and motors of various kinds, to a wide range of applications such as irrigation, horticulture, domestic water supply, commercial and industrial applications, gained investor traction followed by a work order from Maharashtra State Electricity Distribution Company Limited.
With the market capitalization of Rs. 7,794.43 crore, Shakti Pumps Ltd’s share on Thursday made a day high of Rs. 646.45 per share, up by 17.3 percent from its previous day’s close price of Rs. 550.95 per share. The share has given a return of 1,244.73 percent over a period of five years.
Significant Order
The company received a Letter of Empanelment (official document to notify firms they are selected to provide work or service, acting as a LOA) for a domestic order worth Rs. 443.78 Crores(inclusive of GST) from Maharashtra State Electricity Distribution Company Limited to be executed within 60 days from the date of issuance of work order.
The work order is for Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of 16,025 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) with pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana/PM Kusum B Scheme.
This order will add to its outstanding order book of Rs.1,300 crore as of November 7, 2025, from its three segments: Off-Grid Solar photovoltaic water pumping systems (SPWPS), Grid connected solar water pumping systems and UGANDA project and other domestic & export business.
About the company
Shakti Pumps Ltd. is one of the few companies with the competency to manufacture pumps and motors in-house, with 4+ Decades of industry presence. It is one of the biggest beneficiaries under the PM KUSUM scheme, holding ~25 percent market share in the scheme.
It is a leading integrated player in manufacturing fabrication technology-based solar-operating submersible pumps in India, with an export presence in 100+ countries. It holds 15 patents and delivers unique proprietary products through in-house Research, Design and Development .
Financial Highlights, the revenue from operations grew by 5 percent to Rs. 666 crore in Q2 FY26 from Rs. 635 crore in Q2 FY25. EBIT declined by 9 percent to Rs. 136 crore in Q2 FY26 from Rs. 149 crore in Q2 FY25. Accompanied by 11 percent decline in net profit to Rs. 90.7 crore in Q2 FY26 and EPS decline of 13 percent to Rs. 7.35 per share.
Written by Gourav Pratap Singh
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