Shakti Pumps Share: The Solar Pump Leader that Won a Huge Contract from Haryana Government

By -

Shakti Pumps Share: A Rising Star in the Compressor and Pump Sector

Shakti Pumps Share is a leading manufacturer and exporter of compressors and pumps in India and abroad. The company has recently received a huge order of Rs 358 crore from the Haryana government for supplying 7,781 new pumps for renewable energy projects. This is a great achievement for the company and a sign of its growing reputation and market share.

About Shakti Pumps Share

Shakti Pumps Share was founded in 1982 by the Patidar family in Indore, Madhya Pradesh. The company is certified by ISO 9001:2000 and has a state-of-the-art manufacturing facility in Pitampur Industrial Area. The company produces a wide range of products for domestic, agricultural, industrial, commercial building, solar and sewage drainage applications. The company has a presence in over 50 countries, including India, and has won several awards and recognitions for its quality and innovation.

Shakti Pumps Share Performance in the Stock Market

Shakti Pumps Share is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the symbol SHAKTIPUMP. The company has a market capitalization of Rs 1,488.06 crore as of August 31, 2023. The company has a free cash flow of Rs 39.90 crore and a promoter holding of 56.22%. The company has a dividend yield of 0.28% and a debt of Rs 97.89 crore. The company has shown a sales growth of 26.73% and a profit growth of -9.12% in the last year.

The company has delivered consistent returns to its investors in the last five years. In the last six months, the company has given a return of 72%, in one year it has given a return of 44%, in three years it has given a return of 56% and in five years it has given a return of 11%. The company’s share price as of August 31, 2023 is Rs 1,015.65.

Shakti Pumps Share Order from Haryana Government

Shakti Pumps Share has announced that it has received an order of Rs 358 crore from the Haryana Renewable Energy Department for supplying 7,781 new pumps for various renewable energy projects in the state. This is one of the largest orders received by the company in its history and reflects its expertise and leadership in the solar pump segment. The order is expected to boost the company’s revenue and profitability in the coming quarters.

The order also demonstrates the growing demand for renewable energy solutions in India and abroad. Shakti Pumps Share is well-positioned to capitalize on this opportunity with its innovative and efficient products that can reduce carbon footprint and save energy costs.

Conclusion

Shakti Pumps Share is a rising star in the compressor and pump sector with its high-quality products, strong customer base, robust financial performance and impressive growth prospects. The company has received a massive order from the Haryana government that will enhance its brand value and market share. The company is also poised to benefit from the increasing adoption of renewable energy sources across the world. Shakti Pumps Share is a stock that investors should keep an eye on for long-term returns.


Disclaimer: Sharemarketbuzz.com is a website that offers educational content about the stock market. It is not a source of professional advice or endorsement. Sharemarketbuzz.com is not liable for any consequences of using the information on the website. The readers are responsible for their own choices and actions. Sharemarketbuzz.com does not assure the quality, accuracy or timeliness of the information on the website. The readers should always do their own research and consult with a professional before making any financial decisions.

Comments

Post a Comment

Popular posts from this blog

Deccan Gold Mines Up 150% in a Year, Makes Major Lithium Move in Mozambique

By -
Image
The country's only listed gold exploration and mining company Deccan Gold Mines Limited (DGML) acquired majority stake in 5 lithium blocks in Mozambique, Africa  Deccan Gold Mines Limited (DGML), India's sole listed gold exploration and mining company, has recently made a significant move that has caught the attention of investors worldwide. The company has acquired a majority stake in five lithium blocks in Mozambique, Africa, positioning itself within the globally recognized Alto Ligonha pegmatite belt, known for its abundant reserves of lithium-cesium-tantalum (LCT) pegmatites. {jistoc} $title={Table of Contents} A Strategic Acquisition This acquisition is crucial for the mining of lithium, tantalum, and beryllium. The critical mineral concession block has been procured through Deccan Gold FZCO, a wholly-owned subsidiary of DGML. DGFZCO will hold a majority ownership stake of 51% in DGMOZ, with the potential for this ownership to increase to 70% in the near...
Read more

Small Cap Gem: Sakuma Exports Doubles in 2024, Bonus Share Proposal on July 1st?

By -
Image
Sakuma Exports: A Smallcap Stock with Big Returns in 2024 In the world of stock trading, smallcap stocks often go unnoticed. However, one such stock has been making waves in the Indian stock market - Sakuma Exports Ltd. This company, engaged in the buying, processing, marketing, exporting, and importing of agricultural products, has seen its share price double in the calendar year 2024. {jistoc} $title={Table of Contents} A Stellar Performance As of Thursday, June 20, the Sakuma Exports stock price has recorded a nearly 100% year-to-date gain , hitting the day’s high of ₹37.86 apiece on the NSE. This impressive performance is not a sudden phenomenon but the result of a strong run over the past couple of months. The company's shares have been on a steady upward trajectory, reflecting the positive sentiment among investors. The surge in the stock price is a testament to the company's robust business model and its ability to deliver consistent growth. Bonus Issue ...
Read more

Simple Investing: It's Not Rocket Science (But It Takes More Than Luck)

By -
Image
Successful Investing: Simple, But Not Easy Disclaimer:  This blog post is for informational purposes only and should not be taken as financial advice. Always do your own research and consider seeking advice from a certified financial advisor before making any investment decisions. {jistoc} $title={Table of Contents} The Myth of Easy Wealth The bull market of the 1990s created a myth that the stock market was essentially a high-return savings account. This belief was fueled by the ease of access to financial information and the ability to trade stocks online. However, as many investors discovered when the bubble burst, if something looks too good to be true, it usually is. Investing requires more than just opening an online account and watching financial news. It requires a deep understanding of the market, the ability to analyze and interpret financial data, and the discipline to stick to your investment strategy even when the market is volatile. It also requires...
Read more