#SHAKTI PUMPS a renewable energy stock producing SOLAR pumps posted amazing results once again Profit increased from just 1 CR to 93 CR PAT(YoY) where as for QoQ 89 CR PAT to 93CR PAT now. Its a market leader in #SOLAR #WATER pumps and this theme is getting bigger and better as company is going GLOBAL with increasing its export market. Margin expansion happened, P/E will almost become half with these results. If we see Oppurtunity size, the total number of grid connected pumps is 4.5 crores and 4.5 crores more pumps are to be installed. So total addressable market is much bigger than 150000 crores.
Expecting expecting coming quarters will be bigger blockbusters than this.
Full year projections
3000 cr revenue,
600 cr pat
300 eps
available at just pe of 13 vs KSB at 74.
Subscribe To Our Free Newsletter |