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Shakti Pumps Secures ₹71.25 Cr Solar Pump Order from Madhya Pradesh

Shakti Pumps (India) Limited announced a significant ₹71.25 crore order from Madhya Pradesh Urja Vikas Nigam Limited for 2,033 stand-alone off-grid DC solar photovoltaic water pumping systems under the PM-KUSUM scheme Component-B. The project covers the entire state of Madhya Pradesh with a 120-day execution timeline and includes complete design, manufacturing, supply, installation, testing and commissioning services.

12Dec 25

Shakti Pumps Secures Second ₹23.98 Crore Order for 1,200 Solar Water Pumping Systems in Jharkhand

Shakti Pumps (India) Limited has received a ₹23.98 crore order from Jharkhand Renewable Energy Development Agency for 1,200 solar water pumping systems under the PM-KUSUM scheme. The project involves design, manufacture, supply, installation, and commissioning of the systems across Jharkhand. This marks the company's second order from the state, indicating expansion in the renewable energy sector. The company has confirmed compliance with regulatory requirements and disclosed no related party interests in the awarding agency.

11Dec 25

Shakti Pumps Secures ₹444 Crore Solar Water Pumping Systems Order from Maharashtra

Shakti Pumps (India) Limited has secured a major empanelment from Maharashtra State Electricity Distribution Company Limited for supplying 16,025 off-grid DC solar photovoltaic water pumping systems worth ₹443.78 crores. The project covers 3 HP, 5 HP, and 7.5 HP pumps under the PM Kusum B Scheme with a 60-day execution timeline from work order issuance.

08Dec 25

Shakti Pumps Leads Maharashtra's Solar Revolution with Record-Breaking 8,846 Installations

Maharashtra has established a new Guinness World Record by installing 45,911 solar water pumps in one month under the Magel Tyala Solar Pump initiative. Shakti Pumps (India) Limited contributed significantly, installing 8,846 pumps, the highest among participating companies. This initiative, part of the PM-KUSUM scheme, aims to promote sustainable agriculture and clean energy adoption. It provides farmers with daytime solar-powered irrigation and free household electricity at night, potentially reducing farming and living expenses.

11Nov 25

Shakti Pumps Reaffirms FY26 Guidance and Announces Solar Project Revenue Potential

Shakti Pumps has announced its FY26 targets, aiming for 20-25% revenue growth and a 24% EBITDA margin. The company's solar project could generate ₹3,000 crores in revenue at 75% capacity utilization, with 15% EBITDA margins and a 3-year payback period. Shakti Pumps expects to achieve a 120-day receivable cycle and anticipates better performance in the second half of the fiscal year. Promoter entities have recently increased their stake in the company.

10Nov 25

Shakti Sons Trust Boosts Stake in Shakti Pumps, Acquiring 27,000 Additional Shares

Shakti Sons Trust, a promoter entity of Shakti Pumps (India) Limited, has acquired 27,000 equity shares through open market transactions. This acquisition has increased the trust's stake in the company from 18.33% to 18.35%. The shares were purchased at Rs. 10.00 per share. On the same day, another promoter entity, Shakti Future Trust, also acquired 11,000 shares, increasing its stake from 7.30% to 7.31%.

09Nov 25

Shakti Pumps Reports Record Q2 Revenue Despite Extended Monsoon Challenges

Shakti Pumps achieved record quarterly revenue of ₹6,664 million in Q2 FY26, up 5% year-over-year, despite extended monsoon challenges. The company installed 22,304 solar pumps, a 21% increase. EBITDA margin declined to 20.4% from 23.4% due to raw material price increases. The order book stands at ₹13,000 million as of November 7, 2025. Diversification efforts show promise in exports, cash sales, and solar rooftop expansion. A ₹17,000 million capacity expansion is underway, and the company received an ESG rating of 75 from ICRA.

08Nov 25

Shakti Pumps Reports Strong Q2 Results, Confirms Proper QIP Fund Utilization

Shakti Pumps (India) Limited reported Q2 FY2025-26 consolidated revenue of ₹666.35 crore, up 5% YoY, with PAT at ₹90.71 crore. H1 FY2025-26 revenue increased 7.2% to ₹1,288.85 crore. The company confirmed proper utilization of funds from two recent QIPs, totaling ₹4,925.60 million, for capacity expansion and corporate purposes. Shakti Pumps is expanding its manufacturing capabilities, acquiring 23.35 acres in Pithampur with plans to double production capacity for pumps, motors, inverters, and structures.

07Nov 25

Shakti Pumps Reports Mixed Q2 Results: Revenue Up, Profit Down

Shakti Pumps (India) Limited reported mixed financial results for Q2 FY2025-26. Consolidated revenue increased by 5% to ₹666.35 crore, but net profit declined by 10.6% to ₹90.71 crore compared to the same quarter last year. EBITDA decreased to ₹136 crore from ₹148 crore, with EBITDA margin compressing to 20.40% from 23.44%. For H1 FY2025-26, revenue grew to ₹1,288.85 crore, while net profit slightly decreased to ₹187.54 crore. The company's balance sheet as of September 30, 2025, showed total assets of ₹2,997.19 crore and total equity of ₹1,626.95 crore.

17Oct 25

Shakti Pumps India Invests ₹25 Crore in Subsidiary for Solar Manufacturing Expansion

Shakti Pumps India Limited has invested ₹25 crore in its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL), to establish a solar manufacturing plant in Pithampur, Madhya Pradesh. The plant will focus on producing solar DCR cells and PV modules with a capacity of 2.20 GW. SESL has shown significant growth, with its turnover increasing from ₹99.15 crore in FY 2023 to ₹216.53 crore in FY 2025. This investment aligns with India's renewable energy push and aims to enhance the company's competitiveness in the solar energy market.

19Sept 25

Shakti Pumps Secures Rs. 86.40 Crore Order in Third Tranche of PM-KUSUM Scheme

Shakti Pumps has been selected to supply and install 3,127 solar water pumping systems in Maharashtra under the PM-KUSUM scheme, valued at approximately Rs. 86.40 crores. This is the third tranche of orders, bringing the total systems selected to 25,578 with a cumulative value of Rs. 702.69 crores across three tranches. The company's Chairman, Dinesh Patidar, expressed confidence in completing the orders on time. Shakti Pumps, with a manufacturing capacity of 500,000 pumps and motors per year, specializes in solar pumps and energy-efficient pumping solutions.

15Sept 25

Shakti Pumps Shares Surge 13% on Rs 616 Crore Solar Pump Orders from Maharashtra

Shakti Pumps' stock price rose 6.6% to Rs 915.00, with a 13% gain over two sessions, following full subscription of Maharashtra's solar pump subsidy program. The company secured orders for 22,451 pumps worth Rs 616.30 crore under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B scheme. Shakti Pumps reported a net profit of Rs 96.80 crore, up 4.5% year-on-year, and an EBITDA of Rs 143.60 crore, up 5.7%. The company's order book stands at approximately Rs 1,350.00 crore, with operations across India and exports to over 100 countries.

13Sept 25

Shakti Pumps Secures Additional Rs. 347 Crores Order for 12,451 Solar Water Pumps in Maharashtra

Shakti Pumps (India) Limited has received an additional order for 12,451 Off-Grid DC Solar Photovoltaic Water Pumping Systems in Maharashtra, valued at Rs. 347.41 crores including GST. This follows their initial empanelment for 34,720 systems, with the first 10,000 systems worth Rs. 268.88 crores fully booked in 1.5 hours. The total order value across both tranches now stands at Rs. 616.30 crores. The company, known for its energy-efficient pumps and motors, has a manufacturing capacity of 500,000 pumps and motors annually and is India's only manufacturer producing a wide range of in-house components for solar pump installation.

28Aug 25

Shakti Pumps Secures ₹268.88 Crore Order for Solar Pumps, Sees Overwhelming Farmer Demand

Shakti Pumps has been selected by MSEDCL to supply and install 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems under a government scheme. The first tranche of 10,000 pumps, valued at ₹268.88 crores, was booked by farmers within 1.5 hours of the portal opening. The total order value is approximately ₹268.88 crores. Dinesh Patidar, Chairman of Shakti Pumps, expressed confidence in delivering the order within the stipulated timeline.

23Aug 25

Shakti Pumps India Sees 24% Decline After 523% Surge

Shakti Pumps, a solar pump and EV motor manufacturer, experienced a 24% stock price decline following a 523% return. The company raised ₹292 crore through a QIP at ₹918 per share, attracting investments from PineBridge, LIC Mutual Fund, and Bank of India Mutual Fund. Funds will be used to establish a 2.2 GW solar DCR cell and PV module plant in Madhya Pradesh. Shakti Pumps holds a 25% market share in the PM Kusum Yojana scheme. Q1 results showed 9.70% revenue growth and 4.50% PAT growth, with EBITDA margin at 23.10%. The company is diversifying into EV motors and solar rooftop solutions, with analysts projecting 25-30% compound growth in coming years.

13Aug 25

Shakti Pumps Secures Rs. 1,037 Crore Contract for Solar Water Pumping Systems in Maharashtra

Shakti Pumps (India) Limited has been empaneled by Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply and install 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems across Maharashtra. The contract, valued at approximately Rs. 1,037.00 crores (inclusive of GST), is part of the Magel Tyala Saur Krushi Pump Yojana/PM KUSUM B scheme. The empanelment is valid for one year, with an installation timeline of 60 days from the issuance of work order. Dinesh Patidar, Chairman of Shakti Pumps, highlighted the company's strong market share across key states and its decade-long presence in these markets.

05Aug 25

Shakti Pumps Targets ₹3,000 Crore Annual Revenue with Improved Operational Efficiency

Shakti Pumps aims for ₹500 crore in exports this fiscal year, targeting 25-30% overall revenue growth annually through FY26. The company plans to reach ₹3,000 crore in annual revenue while maintaining 24% EBITDA margins. Operational improvements include reducing receivable days from 152 to 120 by FY26. A recent investor call discussed Q1 FY26 results, with the audio recording available on the company's website.

04Aug 25

Shakti Pumps India Shares Plunge 8% Despite Robust Q1 Results and Positive Developments

Shakti Pumps India's shares fell nearly 8% to Rs 865.00, contrasting with positive Q1 results. Net profit increased 4.5% to Rs 96.80 crore, revenue grew 9.7% to Rs 622.50 crore, and EBITDA rose 5.7% to Rs 143.60 crore. The company invested Rs 12.00 crore in a solar manufacturing plant, raised Rs 2,926.00 million through QIP, and targets 25-30% revenue growth. Credit ratings were upgraded, and the order book stands at Rs 1,350.00 crore. Despite a year-to-date decline of 24.64%, the stock has shown significant long-term gains.

04Aug 25

Shakti Pumps Shares Plunge 8% Despite Profit Growth, Company Invests in EV Subsidiary

Shakti Pumps (India) Ltd. saw its stock price drop 7.98% to Rs 822.00, reaching a three-month low, despite reporting positive quarterly results. The company announced a Rs 5.00 crore investment in its EV subsidiary, Shakti EV Mobility, bringing total investment to Rs 55.00 crore. Q4 results showed net profit up 4.5% to Rs 96.80 crore and revenue up 9.7% to Rs 623.00 crore. However, EBITDA margins slightly decreased to 23.1%. Trading volume was 6.7 times the 30-day average, with RSI at 29.88 indicating oversold conditions. Despite the drop, analysts maintain buy ratings with a 27.4% upside potential.

02Aug 25

Shakti Pumps Reports Strong Q1 Results with 9.7% Revenue Growth and Rs 13,500 Million Order Book

Shakti Pumps (India) Limited reported a 9.7% increase in revenue to Rs 6,225.00 million for Q1. The company's EBITDA grew by 5.7% to Rs 1,436.00 million, with an EBITDA margin of 23.10%. Profit After Tax rose by 4.5% to Rs 968.00 million. The company maintains a 25% market share in the PM-KUSUM scheme and has a strong order book of Rs 13,500.00 million. Shakti Pumps is executing a Rs 17,000.00 million capex plan for expansion, including doubling pump and motor capacity, establishing EV facilities, and setting up a solar cell and PV module plant. The company successfully raised Rs 2,926.00 million through a QIP for partial funding of these projects.

01Aug 25

Shakti Pumps Reports Higher Q1 Revenue and Profit, Approves AGM Date and Leadership Changes

Shakti Pumps (India) Limited reported a consolidated net profit of 968.00 million rupees for Q1, up from 926.00 million rupees year-over-year. Revenue increased to 6.22 billion rupees from 5.67 billion rupees. The company scheduled its 30th AGM for September 25 and set September 18 as the record date for dividend entitlement. The board approved the re-appointment of Mr. Sunil Patidar as Whole-time Director and doubled the remuneration of Chairman Mr. Dinesh Patidar to 18.00 crores annually. Financial decisions include approving borrowing powers up to 3,000.00 crores and appointing M/s. M.P. Turakhia & Associates as Cost Auditor for 2025-26.

14Jul 25

Shakti Pumps Invests ₹12 Crore in Solar Manufacturing Expansion

Shakti Pumps (India) Limited has invested ₹12 crore in its subsidiary, Shakti Energy Solutions Limited, to establish a 2.20 GW solar cell and PV module manufacturing plant in Pithampur, Madhya Pradesh. This strategic move marks the company's expansion into the solar energy sector. The investment is made through equity share acquisition in SESL, which has shown strong growth with its turnover increasing from ₹99.15 crores in FY 2023 to ₹216.53 crores in FY 2025. No governmental approvals are required for this investment.

07Jul 25

Shakti Pumps Raises ₹292.60 Crores Through Successful QIP

Shakti Pumps, a leading manufacturer of energy-efficient pumps and motors, has successfully completed a Qualified Institutional Placement (QIP), raising ₹292.60 crores. The substantial capital infusion could potentially be used for expansion plans, debt reduction, working capital management, or research and development. The successful QIP demonstrates strong investor confidence in the company's business model and future prospects.

05Jul 25

Shakti Pumps Raises ₹2,926 Crore Through QIB Share Allocation

Shakti Pumps, a leading manufacturer of energy-efficient pumps and motors, has completed a significant capital raise by allocating 3,187,365 equity shares to Qualified Institutional Buyers (QIBs) at ₹918 per share, totaling approximately ₹2,926 crore. This successful allocation demonstrates investor confidence in the company's business model and future prospects. The capital infusion is expected to strengthen Shakti Pumps' financial position and provide resources for growth initiatives.

03Jul 25

Shakti Pumps Sets Floor Price for Qualified Institutional Placement

Shakti Pumps, a manufacturer of energy-efficient pumps and motors, has announced a Qualified Institutional Placement (QIP) with a floor price set at ₹965.96 per share. This move aims to raise capital from qualified institutional buyers. The QIP could provide capital infusion for expansion, debt reduction, or technology investments. The success of this placement will indicate institutional investor confidence in the company.

12Jun 25

Shakti Pumps Secures ₹114.58 Crore Order for Solar Water Pumps in Maharashtra

Shakti Pumps has received a Letter of Award from Maharashtra Energy Department Agency (MEDA) for supplying and installing 4,500 off-grid Solar Photovoltaic Water Pumping Systems in Maharashtra. The order, valued at ₹114.58 crore including GST, is part of the PM-KUSUM scheme. The project is to be completed within 90 days of work order issuance, indicating a potential rapid revenue recognition. This order demonstrates Shakti Pumps' competitiveness in the renewable energy sector and its ability to secure significant government contracts.

12May 25

Shakti Pumps Q4 Profit Surges 22.85% YoY, Revenue Up 9.79%

Shakti Pumps (India) Ltd announced strong Q4 FY2024-25 results with consolidated net profit rising 22.85% to ₹110.20 crore and revenue increasing 9.79% to ₹669.80 crore year-over-year. Operating profit grew 25.31% to ₹163.90 crore. For the full fiscal year, revenue jumped 41.55% to ₹1,374.30 crore, while net profit soared 487.97% to ₹141.70 crore. The company recommended a final dividend of ₹1.00 per equity share.

10May 25

Shakti Pumps Reports Robust Q4 and FY2025 Performance with Significant Profit and Revenue Growth

Shakti Pumps announced impressive financial results for Q4 and FY2025. Q4 profit increased by 23% to ₹110.23 crore, with total income rising to ₹669.76 crore. For FY2025, revenue grew 83.6% to ₹2,516.20 crore, while Profit After Tax (PAT) surged 188.2% to ₹408.40 crore. The company's strong performance reflects successful strategies and robust demand for its energy-efficient pump solutions.

09May 25

Shakti Pumps (India) Reports Robust Q4 Results with 22.6% Surge in Net Profit

Shakti Pumps (India) Limited announced impressive Q4 FY24 results, with consolidated net profit rising 22.6% to ₹110.00 crore. Revenue increased 9% to ₹665.00 crore, while EBITDA reached ₹164.00 crore with a 24.64% margin. Quarterly performance showed significant year-over-year growth: revenue up 31.33%, operating profit up 117.46%, and net profit up 130.31%. The company's annual performance for FY24 was equally strong, with revenue increasing 41.55% to ₹1,374.30 crore and net profit surging 487.97% to ₹141.70 crore. A final dividend of ₹1.00 per equity share was recommended for FY24.

03Apr 25

Shakti Pumps Secures ₹12.42 Crore Order for Solar Water Pumping Systems in Maharashtra

Shakti Pumps (India) Limited has received a ₹12.42 crore order from the Maharashtra Energy Department Agency (MEDA) for 445 Off-grid Solar Photovoltaic Water Pumping Systems. The project, part of the PM-KUSUM scheme, involves design, manufacture, supply, installation, and commissioning of the systems across Maharashtra within 120 days. This order aligns with India's push for sustainable energy in agriculture and demonstrates Shakti Pumps' growing presence in the renewable energy sector.

20Mar 25

Shakti Pumps Boosts Borrowing Limit to ₹2,000 Crore, Appoints New Independent Director

Shakti Pumps has increased its borrowing limit to ₹2,000 crore and announced board changes. Mrs. Vandana Bhagavatula, a chartered accountant with 25 years of experience, will join as an Additional cum Non-Executive Woman Independent Director from March 20, 2025, replacing Mrs. Nishtha Neema, whose term ends on March 22, 2025.

13Mar 25

Shakti Pumps Subsidiary Secures 113 Acres for Solar Manufacturing Expansion

Shakti Energy Solutions Limited, a subsidiary of Shakti Pumps (India) Limited, has acquired 113 acres of land from MPIDC in Pithampur, Madhya Pradesh. The land will be used to set up a manufacturing facility for solar cells and PV modules using wafers as input. This move marks Shakti Pumps' strategic expansion into the renewable energy sector, diversifying beyond its traditional pump manufacturing business.

02Mar 25

Shakti Pumps Secures ₹23.91 Crore Order for Solar Water Pumping Systems in Maharashtra

Shakti Pumps has won a ₹23.91 crore contract from Maharashtra Energy Development Agency (MEDA) to supply and install 877 Solar Photovoltaic Water Pumping Systems across Maharashtra. The project, part of the PM-KUSUM scheme, has a 120-day completion timeline and includes design, manufacture, supply, installation, and commissioning of the systems. This order strengthens Shakti Pumps' position in the renewable energy sector and expands its presence in Maharashtra.

27Feb 25

Shakti Pumps Bolsters Subsidiary with ₹60 Million Investment

Shakti Pumps, a leading pump manufacturer, has invested ₹60 million (6 crore) in one of its subsidiary companies. This strategic move aims to strengthen business operations and potentially expand capabilities through its subsidiary network. The investment could be used for operational enhancement, capacity expansion, product development, or market expansion. This decision demonstrates Shakti Pumps' commitment to growth and confidence in its subsidiary's potential, potentially improving its market competitiveness and diversifying its offerings in the pump manufacturing sector.