Synopsis:- Solar pump stock jumped 7% after a Rs 654-crore LoA for 16,780 PM-KUSUM pumps in Karnataka. Recent wins total Rs 600+ crore across Jharkhand, Maharashtra, Haryana and MP. Order book stands at Rs 1,300 crore, and strengthening execution visibility, nationwide rollout timeline confidence.
The shares of the prominent pump manufacturers gained up to 7 percent in today’s trading session after the company bagged its first letter of award from Karnataka Renewable Energy Development Limited is worth Rs 654 crore.
With a market capitalisation of Rs 8,880.95 crore, the shares of Shakti Pumps India Ltd were trading at Rs 719.70 per share, increasing around 5 percent as compared to the previous closing price of Rs 685.65 apiece.
Significant order
The shares of Shakti Pumps India Ltd have seen bullish movement after securing its first letter of award from Karnataka Renewable Energy Development Limited for 16780 Stand‐alone Off‐Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Karnataka under Component‐B of the PM‐KUSUM scheme. The order value of the pumps is around Rs. 654.03 Crores. The order should execute on or before 31 March 2026.
Recently, Shakti Pumps (India) Ltd strengthened its order book with multiple PM-KUSUM wins. It secured Rs 21 crore for 1,000 pumps in Jharkhand, Rs 356.77 crore for 12,883 pumps in Maharashtra, and Rs 260+ crore for 7,500+ systems across Haryana and Madhya Pradesh, improving near-term revenue visibility.
The company reported steady revenue growth of 5%, with sales increasing from Rs 635 crore in Q2FY25 to Rs 666 crore in Q2FY26. However, net profit fell 10%, declining from Rs 101 crore to Rs 91 crore, indicating margin pressure and higher costs despite improved topline performance.
Shakti Pumps India Ltd follows a diversified business model with strong legacy and emerging segments. Solar pumps remain the core business with FY25 revenue of Rs 20,794 million, while exports contributed Rs 4,368 million across 100+ countries. The company is also scaling newer verticals such as EV motors and controllers, and solar rooftop solutions to drive future growth.
Shakti Pumps India Ltd has a strong outstanding order book of Rs 1,300 crore as of November 7, 2025, providing solid revenue visibility. Off-grid solar pumping dominates, led by Maharashtra ( Rs 464 crore) and Uttar Pradesh ( Rs 367 crore). Additional grid-connected, export, and Uganda orders strengthen execution momentum and near-term growth prospects.
Shakti Pumps India Ltd is an integrated manufacturer of solar and electric submersible pumps with a presence in 100+ countries. It manufactures pumps and motors in-house, holds 15 patents, and offers 1,200+ product variants. Its reach is supported by 500+ dealers and 400+ service centres across India.
Shakti Pumps (India) Ltd is a leading player in stainless steel and solar pump manufacturing. With a strong export presence and focus on renewable energy solutions, the company benefits from government-backed solar irrigation schemes, improving farmer adoption, and global demand for sustainable water pumping systems.
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