Shakti Pumps Limited, a company that started its journey in the stock market on October 28, 2011, with shares priced at ₹45, has emerged as a true game-changer for investors. Over the years, this company has defied expectations, delivering a staggering 1900% return on investment. In this article, we delve into the fascinating journey of Shakti Pumps and how it has become a green symbol of prosperity.
The Shakti Pumps Phenomenon Shakti Pumps Limited, a company with a market capitalization of approximately ₹1057 crores, was trading at a modest ₹856 level recently. However, what sets this company apart is its significant business contract with the Uttar Pradesh Agriculture Department under the Pradhan Mantri Kusum 3 Yojana. Shakti Pumps secured a contract to supply 10,000 pumps, valued at around ₹293 crores.
Solar Water Pumping Systems The order received by Shakti Pumps encompasses the supply, installation, and commissioning of solar water pumping systems. This contract is a major boost for the company, and it aligns with the government’s focus on promoting clean and renewable energy sources.
Haryana’s Renewable Energy Boost Under the Kusum-3 Yojana, Shakti Pumps recently secured an additional order for 7,781 pumps from the Haryana Renewable Energy Department, worth approximately ₹358 crores. This demonstrates the company’s strong foothold in the renewable energy sector, particularly in providing solar-powered solutions.
Financial Performance Shakti Pumps recently released its financial results for the first quarter of the current fiscal year. The company reported a revenue of ₹113 crores and an operating profit of ₹8.46 crores. These figures underscore its consistent growth and financial stability.
A Stunning Investment Journey From its humble beginnings at ₹45 per share in October 2011, Shakti Pumps has been on a remarkable investment journey. It has provided investors with a remarkable 1900% return on their investments. This astounding performance has attracted attention and investments from various quarters.
Stock Performance Shakti Pumps’ stock reached its 52-week high at ₹927 and its 52-week low at ₹381, indicating the range of opportunities it presents to investors. Over the past five days, the company’s shares have delivered a six percent return, increasing from ₹724 to ₹856. In the past month alone, investors have enjoyed a 22% return, with shares climbing from ₹706 to ₹856. Over the past six months, Shakti Pumps’ shares have more than doubled in value, yielding an impressive 108% multi-bagger return.
Conclusion Shakti Pumps Limited’s success story is not just about financial gains; it also represents a commitment to green and sustainable energy solutions. With a substantial order book and a track record of consistent growth, Shakti Pumps is poised to play a significant role in India’s renewable energy landscape. For investors, it’s a shining example of how prudent investments in environmentally conscious companies can yield extraordinary returns.
What is Shakti Pumps Limited?
Shakti Pumps Limited is a company that specializes in providing solar water pumping systems. It has gained recognition for its remarkable growth and investment returns.
How much return on investment has Shakti Pumps generated?
Shakti Pumps has delivered an impressive 1900% return on investment since its debut in the stock market in October 2011.
What contributed to Shakti Pumps’ success?
Shakti Pumps’ success can be attributed to its substantial contracts with government departments, such as the Uttar Pradesh Agriculture Department and Haryana Renewable Energy Department, under various schemes promoting renewable energy.
What are the key financial figures for Shakti Pumps?
In the first quarter of the current fiscal year, Shakti Pumps reported a revenue of ₹113 crores and an operating profit of ₹8.46 crores, indicating financial stability and growth.
