Solar pump stock jumps 4% after securing order for 1,200 solar water pumping systems

Synopsis: Multibagger small cap stock secured  orders worth Rs 95.23 Cr for 3233 Solar Water Pumping Systems from two state nodal agencies- JREDA and MPUVNL.

On Friday, a small cap stock where the company is in the business of manufacturing of pumps and motors was in the spotlight soon after the company received two orders totalling valuing at Rs 95.23 Cr order of Solar Water Pumping Systems from the Jharkhand Renewable Energy Development Agency and Madhya Pradesh Urja Vikas Nigam Limited. 

With a market cap of Rs 8,084 Cr Shakti Pumps (India) Ltd saw its stock hit an intraday high of Rs 660.90, which is 4.7 percent higher than the previous close of Rs 630.3. It has delivered a multibagger return of 1280 percent.

What’s the News?

Shakti Pumps (India) Ltd (SPIL) announced that the company has secured a major order worth Rs 23.98 crore from the Jharkhand Renewable Energy Development Agency (JREDA) for supplying 1,200 Solar Water Pumping Systems under the PM-KUSUM scheme. This is the company’s second order from Jharkhand, highlighting its growing presence in India’s renewable energy and solar pumping market. 

Following this, the company announced another order  worth Rs 71.25-crore from Madhya Pradesh Urja Vikas Nigam Ltd for 2,033 off-grid DC solar photovoltaic water pumping systems under the PM-KUSUM scheme. Both these projects include design, manufacturing, supply, installation and commissioning, and are to be completed within 120 days.

Additionally on December 11th 2025, they received a significant work order from Maharashtra State Electricity Distribution Company Limited for the Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of 16,025 Off‐Grid DC Solar Photovoltaic Water Pumping Systems 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. As of the latest quarter, under the PM Kusum Scheme SPIL has installed 1,92,937 solar pumps and has the largest market share of 25 percent under the scheme.

The fresh order further strengthens Shakti Pumps’ order book which as of Q2FY2026 was at Rs 1300 Cr. and reinforces its leadership in solar pump solutions, boosting investor confidence and supporting India’s push toward sustainable, clean-energy irrigation systems.

Financial Overview

In the latest quarter  Shakti Pumps saw a YoY revenue growth of 5 percent, going from Rs 635 Cr in Q2FY25 to Rs 666 Cr in Q2FY26, while the QoQ went up by 7 percent from Rs 622 Cr in Q1FY25. The YoY Net Profits fell by  9.9 percent, going from Rs 101 Cr in Q2FY25 to Rs 91 Cr in Q2FY26, while the QoQ fell by 6.1 percent from Rs 97 Cr in Q1FY25.

Some other points to highlight are its 5 year profit CAGR which is at 99 percent, while the 3 year is at 85 percent. The stock also gave a 3 year compounded return of 108 percent.

Founded in 1982 and headquartered in Pithampur, Shakti Pumps (India) Ltd is a leading manufacturer of high-performance pumps and motors. The company delivers advanced water-pumping solutions for diverse applications, including irrigation, horticulture, domestic water supply, industrial use, and commercial operations. Over the decades, Shakti Pumps has built a strong reputation for reliability and efficiency, making its flagship brand “Shakti” widely recognised and trusted across both Indian and international markets.

Written by Adithya Menon

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