Introduction
Shakti Pumps (India) Ltd, a leading company in the pumps and compressor sector, has received a significant order of Rs 293 crore from the Uttar Pradesh government. In addition to this, the company has also announced a dividend for its investors. This article will provide detailed information about the company’s functioning, its current position in the share market, the new orders received, and the announced dividend.
Shakti Pumps (India) Ltd – Company Information
Shakti Pumps (India) Ltd was established in 1982 by the Patidar family based in Indore. The company specializes in manufacturing compressors and pumps and has expanded its business to over 50 countries, including India. The company operates from Madhya Pradesh’s Pitampur Industrial Area and primarily sells its products in various sectors such as pharmaceutical, chemical, power, oil, automobile, sugar, agriculture, and fertilizers.
Shakti Pumps Share – Current Status
The market capitalization of Shakti Pumps (India) Ltd is Rs 1,612.77 crore. The promoter holding in the company is 56.22%, and the company currently has a debt of Rs 97.89 crore. The free cash available with the company is Rs 39.90 crore, and the dividend declared is 0.25%. The company’s sales have recorded a growth of 26.73%, and the profit growth stands at 9.12%.
Return Information for Last 5 Years
Over the past 5 years, Shakti Pumps (India) Ltd has delivered impressive returns to its investors. The company has achieved a return of 91% in the last 6 months, 41% in the last 1 year, 61% in the last 3 years, and 13% in the last 5 years. The company has also generated revenue growth of 29% and a profit growth of 20% in the last 3 years, contributing to a total return of Rs. 500 crores.
Order Worth Rs 358 Crore from Haryana Government
In August, Shakti Pumps (India) Ltd received an order worth Rs 358 crore from the Haryana Government. The order consisted of 7,781 new pumps and was received from the Haryana Renewable Energy Department. Additionally, the company has now received another order of Rs 293 crore from the Uttar Pradesh government. This order includes the manufacturing of 10,000 new pumps and has been received from the Agriculture Department under PM Kusum.
Dividend Announcement
The current trading price of Shakti Pumps (India) Ltd’s share is Rs 878, with a 52-week high of Rs 927.70 and a 52-week low of Rs 381. The company has announced a dividend for its investors, with the ex-dividend date set as 21 September 2023 and the record date as 22 September 2023. The company will be giving a 2% dividend to its investors in the form of a final payout.
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