Shakti Pumps (India) Limited (NSE: SHAKTIPUMP, BSE: 531431) is back in the spotlight on 16 December 2025 after a sharp multi-day rally driven by a cluster of new solar pump orders across key Indian states. The stock extended gains for a fourth straight session, with intraday levels moving toward the ₹800 mark as investors reacted to fresh order inflows and a near-term execution calendar that looks busy into early 2026. [1]
Below is a detailed, publication-ready roundup of what’s moving Shakti Pumps stock today—covering the latest confirmed orders, recent corporate updates, management commentary, financial performance, technical signals, and where various forecast trackers place the stock.
Shakti Pumps stock action on 16 Dec 2025
On Tuesday, Shakti Pumps shares traded in the ₹785–₹795 band during the late morning-to-midday window, after opening strong and holding most of the prior sessions’ momentum. Moneycontrol showed the stock around ₹785.85 with a day range roughly ₹750–₹796 (timing: ~11:42 IST), while Trendlyne showed about ₹793.45 around 12:23 IST, alongside elevated volumes. [2]
Business Today reported the stock touched a day’s high close to ₹796.90 on the BSE during the session. [3]
The bigger headline: the counter has jumped ~40%+ across four sessions, a move that follows a rougher 2025 stretch where the stock had been down significantly year-to-date before this burst of buying interest. [4]
What’s fueling the rally: three fresh solar pump wins in December
The current surge is tightly linked to order wins disclosed between 11–12 December 2025, spanning Maharashtra, Jharkhand, and Madhya Pradesh—and largely tied to solar irrigation programs under PM-KUSUM and related state schemes.
1) Maharashtra: ₹443.78 crore (16,025 solar pumping systems)
Shakti Pumps disclosed a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 16,025 off-grid DC solar photovoltaic water pumping systems (3 HP, 5 HP, 7.5 HP). Reported order value: ~₹443.78 crore (incl. GST), with an execution timeline of ~60 days from work order / notice-to-proceed, depending on the final documentation sequence. [5]
2) Jharkhand: ₹23.98 crore (1,200 solar water pumping systems)
The company also disclosed its second order from Jharkhand, with Jharkhand Renewable Energy Development Agency (JREDA) awarding 1,200 solar water pumping systems under PM-KUSUM Component B. Reported order value: ~₹23.98 crore (incl. GST) with an execution timeline of ~120 days. [6]
3) Madhya Pradesh: ₹71.25 crore (2,033 solar pumping systems)
A third disclosed order came from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for 2,033 stand-alone off-grid DC solar photovoltaic water pumping systems under PM-KUSUM Component B. Reported order value: ~₹71.25 crore (incl. GST) with an execution timeline of ~120 days. [7]
Total impact: why the market cares
Across these three wins alone, the disclosed value adds up to roughly ₹539 crore, which matches the “₹539 crore+” narrative highlighted by market coverage and explains the sudden shift in near-term sentiment (more business visibility + faster execution windows). [8]
Not the first Maharashtra win: September’s ₹374 crore order adds context
The December announcements also revived investor focus on Shakti’s broader positioning in the solar irrigation supply chain—especially in Maharashtra. LiveMint noted that in September, the company had secured an additional ~₹374 crore order from MSEDCL involving the supply and installation of 34,720 off-grid solar water pumping systems under the same scheme umbrella. [9]
For investors, the immediate takeaway is that Maharashtra remains a repeat buyer and a meaningful contributor to the order pipeline.
Corporate updates investors are also tracking
Beyond orders, recent corporate disclosures add color to the narrative:
- Guinness World Record-related disclosure: Shakti disclosed it emerged as the leading contributor with 8,846 solar water pumps, tied to a broader record of 45,911 installations in a single month (as reported in filings and cited by market coverage). [10]
- Governance updates: Disclosures include items such as audit committee reconstitution (Dec 2025) and a resignation of an independent director (Dec 2025), based on exchange-linked notices tracked by Moneycontrol. [11]
None of these appear to be the primary driver of today’s price action (orders are), but they do matter for a Google News-style “complete picture” of what’s on the tape.
Shakti Pumps Q2 FY26 results: record revenue, softer margins
Order momentum is only half the story. The other half is execution, margins, and working capital.
In its Earnings & Operational Update (Q2 & H1 FY26), Shakti Pumps reported (consolidated):
- Revenue from operations:₹6,664 million in Q2 FY26 (about ₹666.4 crore), up versus Q2 FY25
- EBITDA:₹1,360 million with EBITDA margin ~20.4%
- Profit after tax (PAT):₹907 million with PAT margin ~13.6% [12]
The company attributed margin pressure to higher input costs (including key raw materials such as copper/steel and solar panels) and flagged that an extended monsoon slowed installations. [13]
Operationally, Shakti reported solar pump installations of 22,304 units in Q2 FY26 and 39,861 units in H1 FY26, indicating year-on-year growth in installations even with weather-related disruption. [14]
Order book and diversification: what management highlighted
Order book
Shakti’s update cited an order book of ₹13,000 million (₹1,300 crore) as of 7 November 2025, with Maharashtra referenced as a key contributor. [15]
Export business
Exports were positioned as an important diversification lever. The company reported export revenue of ₹1,029 million in Q2 FY26 and ₹2,000 million in H1 FY26, alongside execution in multiple international markets. [16]
Newer segments: cash sales + rooftop
Shakti also highlighted:
- Cash sales (direct-to-market/distributor channel) with 100+ exclusive outlets, and H1 FY26 revenue of ₹428 million (reported as ~67% YoY growth) [17]
- Solar rooftop expansion into Rajasthan, Uttar Pradesh, and Maharashtra during H1 FY26 [18]
For the stock, diversification matters because PM-KUSUM-driven demand can be policy- and execution-cycle dependent; broader revenue streams can potentially reduce earnings volatility across quarters.
Key risk investors keep circling back to: receivables and working capital
One of the most material “under the hood” issues for government-scheme execution businesses is collections timing.
Shakti’s Q2/H1 update disclosed receivables of ₹16,390 million (standalone) as of 30 September 2025, linking the billing/payment cycle to remote monitoring milestones and noting that monsoon conditions reduced urgency in pump usage, affecting the cycle. The company also indicated it expects the collection and cash-flow outlook to align with a year-end guidance framework of ~120 days of receivables. [19]
In plain terms: strong order inflow is bullish, but cash conversion remains a critical monitorable—especially when execution accelerates and working capital needs rise.
Policy watch: PM-KUSUM timeline and “KUSUM 2” commentary
In the Q2 FY26 earnings call transcript, management commentary suggested the next phase of the program is essentially a policy decision.
A section of the transcript reflects management’s view that:
- the scheme has been extended “till December,” and
- “KUSUM 2 will come after December,” while also noting uncertainty on whether KUSUM 1 might be extended further. [20]
Because Shakti Pumps is a prominent beneficiary of solar irrigation tenders, any clarity (or delays) on program extension/replacement can influence both near-term tender flow and investor expectations.
Technical and momentum read: bullish burst, but mixed signals underneath
RSI and momentum
The Economic Times reported Shakti Pumps’ 14-day RSI around 62.2, generally interpreted as positive momentum but not yet in classic “overbought” territory (>70). [21]
Platform indicators aren’t uniform
- Moneycontrol’s technical panel showed “VERY BULLISH” trend labeling, while simultaneously flagging a “Threat” that the stock is below the 200-day moving average. [22]
- Trendlyne displayed a “Technically Bearish” momentum score (and a “Falling Comet” tag), despite the day’s strong price/volume action. [23]
This kind of divergence is common after a sharp bounce from lower levels: short-term momentum improves quickly, while longer-term trend measures (like the 200-DMA) can take longer to turn.
Forecasts and price targets: limited coverage, wide dispersion
One challenge for readers looking for a clean “Street consensus” on SHAKTIPUMP: coverage appears thin on several major aggregators.
What Moneycontrol shows
Moneycontrol’s Forecast area displayed no share price forecast data and no analyst rating data at the time captured, while also clarifying that estimates (where available) are third-party aggregated data (S&P Global Market Intelligence) and not a recommendation. [24]
Trendlyne: 1-year target shown at ₹1,753 (1 analyst)
Trendlyne displayed an “Analyst Price Target” of ₹1,753 with ~121% upside, explicitly indicating it was based on 1 analyst (as shown on the page snapshot). [25]
TradingView snippet: 12-month target shown at ₹931
A TradingView forecast snippet surfaced in search results stating an analyst price target of ₹931 (max/min shown the same in that snippet), suggesting limited analyst inputs there as well. [26]
How to read this: When targets vary widely and analyst counts are low, it’s usually more useful to treat targets as directional rather than definitive. For many investors, the more actionable near-term variable may be order execution and cash-flow discipline across the next two quarters.
Large trades in the background: block/bulk deal tape
Another “current” datapoint that some traders watch is whether large investors are active.
Moneycontrol’s deals section showed block deal entries on 11–12 December 2025, involving entities such as Junomoneta Finsol, Graviton Research Capital, NK Securities Research, QE Securities, and Alphagrep Securities, with transaction prices in the low-to-mid ₹600s. (These entries reflect large negotiated trades and do not, by themselves, explain the entire rally—but they can indicate heightened institutional activity.) [27]
What matters next for Shakti Pumps stock
With SHAKTIPUMP now reacting to order momentum again, these are the key items most likely to drive the next leg—up or down:
- Execution pace vs. deadlines
Maharashtra’s timeline (~60 days) is especially tight. Any slippage, scope changes, or NTP/work order sequencing could affect revenue recognition expectations. [28] - Working capital discipline
Receivables are large, and faster execution can expand working capital needs before collections catch up. [29] - Margins and input costs
Q2 showed margin compression; investors will watch whether margins stabilize as installations normalize and procurement adjusts. [30] - Policy clarity on PM-KUSUM / next phase
Management’s commentary implies decisions post-December could shape tender flow. [31] - Diversification traction (exports, cash business, rooftop)
If non-scheme businesses keep scaling, the market may assign higher confidence to earnings quality and resilience. [32]
Bottom line
Shakti Pumps (India) Limited stock is surging on 16 December 2025 because the market is repricing the near-term outlook after ~₹539 crore of confirmed solar pump orders across Maharashtra, Jharkhand, and Madhya Pradesh—with relatively short execution timelines and a visible pipeline under PM-KUSUM-linked programs. [33]
But the next phase of the story will be less about headlines and more about delivery: installations, collections, and margins. The company has already shown record quarterly revenue and strong installation numbers, yet it has also flagged how weather and input costs can pressure profitability and receivables. [34]
References
1. www.businesstoday.in, 2. www.moneycontrol.com, 3. www.businesstoday.in, 4. www.businesstoday.in, 5. www.businesstoday.in, 6. m.economictimes.com, 7. www.businesstoday.in, 8. www.businesstoday.in, 9. www.livemint.com, 10. www.businesstoday.in, 11. www.moneycontrol.com, 12. shaktipumps.com, 13. shaktipumps.com, 14. shaktipumps.com, 15. shaktipumps.com, 16. shaktipumps.com, 17. shaktipumps.com, 18. shaktipumps.com, 19. shaktipumps.com, 20. shaktipumps.com, 21. m.economictimes.com, 22. www.moneycontrol.com, 23. trendlyne.com, 24. www.moneycontrol.com, 25. trendlyne.com, 26. www.tradingview.com, 27. www.moneycontrol.com, 28. m.economictimes.com, 29. shaktipumps.com, 30. shaktipumps.com, 31. shaktipumps.com, 32. shaktipumps.com, 33. www.businesstoday.in, 34. shaktipumps.com
