Praj Industries vs Shakti Pumps India: Share Price, PE, ROE Compared
- August 12, 2026
- Posted by: Neeraj Pandey
- Category: News
Praj Industries MCap Rs 6,024 Cr, PE 252x (near-zero earnings), ROE 1.48%. Shakti Pumps MCap Rs 6,298 Cr, PE 29.65x, ROE 15.10%.
Praj Industries vs Shakti Pumps India is a comparison industrial investors look up when evaluating two similar-sized Indian engineering companies in energy and water sectors. Praj Industries, a Pune-based company, engineers bioenergy systems (ethanol plants, brewery equipment, water and wastewater treatment) serving distilleries, food companies and municipalities. Shakti Pumps India, an Indore-based company, manufactures solar and electric pumps for agriculture, drinking water and irrigation under India’s government solar pump schemes (KUSUM, PM-KUSUM). Comparing Praj Industries and Shakti Pumps India reveals companies with near-identical market caps but very different financial profiles.
This Praj Industries vs Shakti Pumps India article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.
Reach and Market Position
In this Praj Industries vs Shakti Pumps India comparison, Praj Industries provides bioenergy engineering (turnkey ethanol plant projects, compressed biogas), brewery solutions and water treatment EPC across India and internationally. Market capitalisation is Rs 6,024 Cr.
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Shakti Pumps supplies solar photovoltaic pumping systems and submersible electric pumps to agriculture and municipal water supply customers across India and exports globally. Market capitalisation is Rs 6,298 Cr.
Key Products and Business Mix
For the Praj Industries vs Shakti Pumps India product breakdown, Praj Industries: Praj earns from ethanol plant EPC, biogas projects and water treatment. EPS is Rs 1.30 (near-zero earnings!). PE is 252.12x – artificially high due to minimal profit. ROE is 1.48 percent. Investors must note Praj Industries’ near-zero earnings prominently before any decision.
Shakti Pumps India: Shakti Pumps earns from solar pump manufacturing and sales under government schemes. EPS is Rs 17.21. PE is 29.65x, ROE 15.10 percent, D/E 0.29.
Latest Results and Financial Data
On the Praj Industries vs Shakti Pumps India results front: Praj Industries has a market cap of Rs 6,024 Cr. The near-zero earnings (PE 252x) likely reflect an EPC project lull or one-time costs. Investors tracking Praj versus Shakti Pumps should note that Praj’s PE is distorted and not a reliable valuation metric in the current period.
Shakti Pumps has a market cap of Rs 6,298 Cr and PE of 29.65x. ROE is 15.10 percent. Shakti Pumps’ PE is affordable and ROE is solid – a more traditional financial profile than Praj in the current period.
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Stock Performance and Valuation
Investors tracking the Praj Industries vs Shakti Pumps India comparison should verify current prices on NSE or BSE before trading. The Praj Industries vs Shakti Pumps India stock data below reflects the latest available figures from Groww and public company filings.
Praj Industries versus Shakti Pumps India: Near-identical market caps (Rs 6,024 Cr vs Rs 6,298 Cr) but very different earnings. Praj has near-zero earnings (PE 252x, ROE 1.48%). Shakti Pumps is profitable (PE 29.65x, ROE 15.10%). The Praj and Shakti Pumps comparison is asymmetric – investors cannot directly compare PE ratios when one company has near-zero earnings.
Praj Industries vs Shakti Pumps India: Quick Comparison Table
The comparison table below summarises the key metrics side by side.
| Parameter | Praj Industries | Shakti Pumps India |
|---|---|---|
| Sector | Bioenergy EPC: ethanol plants + biogas + water treatment (Pune) | Solar + electric pumps: agriculture + KUSUM scheme + exports (Indore) |
| Market Cap | Rs 6,024 Cr | Rs 6,298 Cr (near-equal!) |
| P/E Ratio | 252x (near-zero earnings – not comparable) | 29.65x |
| ROE | 1.48% (near-zero profitability) | 15.10% |
| Debt to Equity | 0.13 | 0.29 |
| Revenue Model | EPC contracts: ethanol/biogas/water plants | Product sales: solar pumps + government scheme orders |
| Dividend Yield | 1.10% | 0.20% |
Conclusion
The Praj Industries vs Shakti Pumps India comparison above covers reach, products, results and valuation. The Praj Industries versus Shakti Pumps India comparison covers bioenergy EPC versus solar pump manufacturing. Praj Industries has near-zero earnings in the current period – its PE of 252x is not a meaningful valuation signal. Shakti Pumps has a clear and profitable business model growing with India’s solar pump expansion under KUSUM. The Praj and Shakti Pumps comparison will be more meaningful once Praj restores normal profitability. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does Praj Industries make?
Ans. Praj Industries engineers ethanol production plants for distilleries, biogas (compressed biogas) plants, brewery plants and water and wastewater treatment plants as turnkey EPC (engineering, procurement and construction) projects.
What does Shakti Pumps make?
Ans. Shakti Pumps manufactures solar photovoltaic pumping systems (submersible and surface solar pumps for agriculture), submersible electric pumps and stainless steel pumps.
Why is Praj Industries PE so high?
Ans. Praj Industries’ PE of 252x reflects near-zero earnings (EPS only Rs 1.30) in the current period – not an overvalued price but distorted by minimal profit. This is common in EPC companies between project cycles.
Which is larger, Praj or Shakti Pumps?
Ans. Both have nearly identical market caps – Praj at Rs 6,024 Cr and Shakti Pumps at Rs 6,298 Cr. Shakti Pumps is marginally larger.
What is the KUSUM scheme?
Ans. KUSUM (Kisan Urja Suraksha evam Utthaan Mahabhiyan) is India’s government scheme providing solar-powered pumps to farmers. Shakti Pumps is a major beneficiary of KUSUM orders from state agencies.
Are Praj and Shakti Pumps in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller mid-cap indices.
Does Praj Industries pay dividends?
Ans. Yes. Praj Industries pays a small dividend yield of approximately 1.10 percent.
