Shakti Pumps Stock Jumps 5% After Bagging an Order Worth ₹170 Cr; Check the Order Book Size

Synopsis: The shares of this small-cap pump stock jumped 5% following its bagging a Rs 170 crore order from Madhya Pradesh Urja Vikas Nigam Limited for the supply of 4,840 standalone off-grid DC solar water pumping systems under Component-B of the PM-KUSUM scheme.

The shares of this company, which is primarily engaged in the manufacturing of pumps and motors of various kinds and also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, and commercial and industrial applications, had its shares in momentum following the bagging of a Rs 170 crore order from Madhya Pradesh Urja Vikas Nigam Limited.

With the market cap of Rs 8,961 crore, the shares of Shakti Pumps (India) Ltd had hit their intraday high at Rs 736.30 , gaining about 5 per cent compared to their previous day’s closing price of Rs 700.60. The shares are trading at a PE of 22.3, whereas their industry PE is at 39.2.

Shakti Pumps has bagged a large order worth Rs 170.25 crore from Madhya Pradesh Urja Vikas Nigam Limited for the supply of 4,840 standalone off-grid DC solar water pumping systems under Component-B of the PM-KUSUM scheme. This order further cements the company’s strong play in solar irrigation backed by the government, a key driving factor for the company in a scenario where India is focusing on transitioning to renewable energy sources

Execution-wise, the project is durational, requiring completion within a 120-day timeline, which helps to quickly realise revenue. Interestingly, the project scope encompasses all aspects of the value chain design, manufacturing, supply, installation, testing, and commissioning, thus underlining the capability and execution prowess of Shakti Pumps in carrying out such large solar pumps

This order should therefore strategically strengthen Shakti Pumps’ position in the non-related party, government-led renewable irrigation segment, which offers high visibility, scale, and credibility. Being awarded by a state nodal agency under PM-KUSUM reduces counterparty risk and improves execution certainty, with higher eligibility and competitiveness for similar orders across other states. 

The contract deepens Shakti’s footprint in solar pumping, supports operating leverage through higher utilisation, and aligns the business with long-term policy tailwinds in renewable energy and sustainable agriculture, improving both growth visibility and investor confidence.

The revenue from operations for the company stands at Rs 666 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 635 crores, up by about 5 percent YoY. However, the net profit stood at Rs 91 crore in Q2 FY26, down from Rs 101 crore in Q2 FY25. The company has a strong order book of Rs 1,300 crore. 

The company has marquee projects that reflect the strong execution capability and global presence of Shakti Pumps, given its success in executing dewatering projects in Dubai’s Burj Khalifa, Hyatt Place Hotel, and One Za’abeel Tower, as well as the installation of their fountain pumps in the US. Such credentials establish the company’s capability of executing projects in technically demanding and high-end settings and further set its presence in international projects apart from solar and irrigation projects delivered in India.

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