Shakti Pumps (India) Ltd.SHAKTIPUMP₹886.75 +3.51%

Shakti Pumps (India) Ltd., a leading manufacturer of energy-efficient pumps and motors, has received a significant boost to its order book and market standing after being empanelled by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply and install 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS).

The empanelment, confirmed via a Letter of Empanelment dated August 12, 2025, is a part of the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B scheme, an initiative to promote the use of solar energy in the agricultural sector across Maharashtra.

The company has witnessed an extraordinary response from farmers since MSEDCL opened its portal for bookings. The first tranche of 10,000 SPWPS, valued at approximately ₹268.88 Crores (inclusive of GST), was fully booked within just 1.5 hours of the portal opening on August 27, 2025.

Following this, a second tranche of 12,451 SPWPS was also made available and was fully selected by farmers, representing an additional order value of approximately ₹347.41 Crores (inclusive of GST). This rapid uptake underscores the strong trust farmers have in Shakti Pumps’ technology and the demand for sustainable farming solutions.

The combined value of these two tranches is ₹616.30 Crores for 22,451 SPWPS, bringing the company closer to its total empanelled commitment.

The PM KUSUM B scheme aims to replace diesel-powered irrigation pumps with solar ones, reducing farmers’ dependency on fossil fuels and lowering their operational costs. Shakti Pumps, which manufactures a wide range of components for solar pump installations in-house, including Variable Frequency Drives, structures, motors, and inverters, is at the forefront of this shift.

Over the last three and five years, this stock has given multibagger returns of more than 830% and 2,795%, respectively.

Let’s take a look at its Factor Analysis scores: 

Note: The stock prices mentioned are as of 3:30 pm.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.