The company recently announced its September quarter (Q2 FY26) results, reporting a decline in net profit to Rs 91 crore, down 10% year-on-year from Rs 101 crore and 7% quarter-on-quarter from Rs 97 crore, highlighting a slowdown in profitability.
On the revenue front, the company recorded a modest 5% increase in revenue from operations, rising to Rs 666 crore from Rs 634 crore in the same quarter last year, indicating that while sales grew slightly, profit margins came under pressure.
Operational highlights:
Shakti Pumps installed 22,304 solar pumps in Q2 FY26, marking a 21% increase year-on-year, reflecting strong demand for its solar pumping solutions.
The company also continues to see robust order inflows, led by Maharashtra, with its order book reaching Rs 13,000 million as of 7 November 2025, signalling healthy business momentum and a strong pipeline for future revenue.
Export business growth:
Shakti Pumps’ export revenue gained momentum, reaching Rs 1,029 million in Q2 FY26 and Rs 2,000 million in H1 FY26.Key projects were executed in Haiti, Uganda, Bangladesh, and Nepal, with growing demand from the USA, the Middle East, and Africa, underpinning optimism for continued growth.
Stock Performance and Valuation:
Over the past year, Shakti Pumps’ stock has fallen by 5%, reflecting a modest decline in investor sentiment.
The 52-week price range shows a high of Rs 1,387 and a low of Rs 709, with the current price of Rs 733 sitting near the lower end, indicating it is trading closer to its recent support levels.
The company’s price-to-earnings (P/E) ratio is 23.87, suggesting investors are paying about 24 times its earnings, while the price-to-book (P/B) ratio of 8.26 indicates a relatively high valuation compared to its book value.
Technical outlook:
From a technical perspective, the 14-day Relative Strength Index (RSI) stands at 39.3. Since an RSI below 50 signals weakening momentum, the stock shows signs of bearish pressure.
Additionally, Shakti Pumps is trading below all major moving averages, from the 5-day to the 200-day SMA, further reinforcing a downward trend in the near term.
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