Shakti Pumps shares zoom over 13% on bagging order worth ₹444 crore; all you need to know

This comes after the company secured a work order, valued at ₹443.78 crore (including GST), from the Maharashtra State Electricity Distribution Company Limited, as stated in a regulatory filing.

The share was trading 12.61% higher at ₹620.55 apiece at around 1:20 pm.

The scrip has gained less than marginally in the past week but has lost 17% over the month. On a year-to-date basis, it has declined approximately 45%.

While the stock reached a 52-week high of ₹1,387 on January 9, 2025, it touched a year’s low of ₹548.45 per equity share on December 10, 2025.

The firm received a letter of empanelment for 16,025 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, and 7.5 HP under Magel Tyala Saur Krushi Pump Yojana/PM Kusum B Scheme.

The Indore-based company will design, manufacture, supply, transport, install, test and commission the off-grid DC SPWPS for the entire state of Maharashtra, it stated.

The project is set to be executed within 60 days from the date of issuance of the work order or notice to proceed (NTP), it added.

The company added that while the total amount of the work order is ₹407.51 crore, with the inclusion of GST, it comes to ₹443.78 crore.

Q2 Results

The energy-efficient solar pumping solutions and stainless steel pumps manufacturer reported a 10.55% year-on-year decline in its consolidated net profit to ₹90.7 crore for the September quarter of FY26.

In the year-ago period, it logged a profit of ₹101.4 crore.

It witnessed a 5.01% fall in its revenue from operations to ₹666.4 crore during the quarter under review, compared to ₹634.6 crore in Q2FY25.

Shakti Pumps has a total market capitalisation of ₹7,546.40 crore, as of December 11, 2025, according to data on the NSE.