Rs 1,350 crore order book: This Multibagger Small-cap Stock Bags Mega Solar Pump Order worth ₹1,037 Crore from MSEDCL, Stock in Focus!

The stock has delivered multibagger returns of over 121% (CAGR) in the last three years.

Shakti Pumps (India) Limited, a front-runner in energy-efficient water pumps and solar technology, has fortified its leadership in India’s solar irrigation sector by securing a landmark empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL). This order covers the design, supply, installation, and commissioning of 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana and PM KUSUM B scheme, valued at approximately ₹1,037 crores.

This major win substantially boosts Shakti Pumps’ already robust order book, reinforcing its stronghold in the solar pumping market across key Indian states, including Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, and Jharkhand. Chairman Mr. Dinesh Patidar emphasized the company’s decade-spanning presence and commitment to capitalizing on upcoming opportunities in sustainable irrigation and rural empowerment. With large manufacturing facilities in Pithampur and an established reputation for quality, Shakti Pumps will continue supplying solar and energy-efficient pumps for agricultural and infrastructural purposes nationwide.

Industry observers note that this order cements Shakti Pumps’ strategic alignment with India’s renewable energy push for decentralized and sustainable agricultural power. It also enhances top-line visibility and growth prospects at a time when government-backed rural solarization is gaining momentum.

Stock Analysis:

With recent contract wins and a strong financial showing—Shakti Pumps reported a 23% year-on-year profit increase with total income reaching ₹669.76 crore—the company’s shares have seen renewed buying interest and positive momentum. As of August 13, 2025, Shakti Pumps trades with heightened attention on growth, expansion of the renewable order book, and the ability to execute large-scale solar projects. Investors are optimistic that these wins, alongside expanding manufacturing capacity and healthy cash flows, bode well for sustained value creation and leadership in India’s agri-solar revolution. Additionally, the stock has delivered multibagger returns of over 121% (CAGR) in the last three years.

Disclaimer: This article is intended for informational purposes only and should not be considered as investment advice.