Oswal Pumps
- P/E
- 7.34
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 36.40%
- Debt to Equity
- 0.14
- EPS (TTM)
- ₹29.45
- Book Value
- ₹147.62
- Market Cap
- —
- P/E (TTM)
- 7.34
- P/B
- 1.46
- ROE
- 35.20%
- Dividend Yield
- 0.00%
- EBITDA
- ₹535 Cr
- 52W High
- ₹713.00
- 52W Low
- ₹201.00
- Volume
- 0
Peer Comparison
Industrials › Industrial Products › Compressors Pumps & Diesel Engines › Compressors, Pumps & Diesel Engines
| ₹4,725.70 | 55.34 | ₹1,27,886 Cr | 15.46 | 1.42% | 30.20% | 39.50% | ₹12,662 Cr | ₹2,366 Cr | |
| ₹1,802.00 | 47.96 | ₹25,029 Cr | 7.25 | 0.41% | 17.50% | 14.60% | ₹7,937 Cr | ₹534 Cr | |
| ₹562.05 | 39.78 | ₹17,070 Cr | 7.98 | 0.51% | 19.00% | 22.10% | ₹4,146 Cr | ₹447 Cr | |
| ₹1,715.70 | 36.49 | ₹13,785 Cr | 5.30 | 0.40% | 17.30% | 20.40% | ₹4,664 Cr | ₹377 Cr | |
| ₹4,045.80 | 47.74 | ₹12,935 Cr | 20.74 | 1.82% | 43.00% | 57.10% | ₹1,457 Cr | ₹267 Cr | |
| ₹659.20 | 46.72 | ₹11,469 Cr | 6.76 | 0.66% | 18.40% | 24.70% | ₹2,726 Cr | ₹246 Cr | |
| ₹574.20 | 28.19 | ₹7,179 Cr | 5.79 | 2.18% | 22.70% | 30.30% | ₹1,788 Cr | ₹264 Cr | |
| ₹216.26 | 7.34 | ₹2,416 Cr | 1.46 | 0.00% | 35.20% | 36.40% | ₹2,024 Cr | ₹337 Cr | |
| Median 8 companies | ₹1,187.45 | 43.25 | ₹13,360 Cr | 7.01 | 0.59% | 20.85% | 27.50% | ₹3,436 Cr | ₹357 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 98/100
Category scores
- Quality
- 47
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 60
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 70
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 77
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 10
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 32
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 49.7%
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 199 days.
- Working capital days have increased from 105 days to 187 days
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 12 | 4 | 3 |
| Oscillators | Bearish | 3 | 4 | 2 |
| Moving Averages | Strong Bearish | 9 | 0 | 1 |
Oscillators
Bearish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 33.64
- Neutral
- MACD (12,26,9)
- −16.87
- Bearish
- SMA (50)
- 261.00
- Bearish
- SMA (200)
- 341.97
- Bearish
As of
Analyst Rating
1 of 1 analyst rates Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 3Y | +75.02% |
|---|---|
| 1Y | +44.34% |
| TTM | +29.06% |
Net profit
| 3Y | +122.79% |
|---|---|
| 1Y | +33.81% |
| TTM | +10.49% |
Operating cash flow
| 3Y | Turned negative |
|---|---|
| 1Y | Outflow narrowed by ₹74 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 3Y | +9.84 pp |
|---|---|
| 1Y | −4.47 pp |
| TTM | −7.18 pp |
Revenue by year
| Mar 2022 | ₹360 Cr |
|---|---|
| Mar 2023 | ₹385 Cr |
| Mar 2024 | ₹759 Cr |
| Mar 2025 | ₹1,430 Cr |
| Mar 2026 | ₹2,064 Cr |
Net profit by year
| Mar 2022 | ₹17.00 Cr |
|---|---|
| Mar 2023 | ₹34.00 Cr |
| Mar 2024 | ₹98.00 Cr |
| Mar 2025 | ₹281 Cr |
| Mar 2026 | ₹376 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
Oswal Pumps Ltd is a small-cap industrial company with a market cap of ₹4,983 Cr, trading at a PE of 12.4x with strong historical profit growth (3-year CAGR of 123%) but deteriorating working capital efficiency (debtor days at 199) and a stock that has declined 41% over the past year despite robust sales growth of 44% TTM.
- Compounded profit growth of 123% over 3 years indicates strong earnings momentum
- TTM sales growth of 44% demonstrates continued revenue acceleration
- 3-year ROE of approximately 50% reflects highly efficient capital deployment
- PE ratio of 12.4x is modest relative to the 123% 3-year profit CAGR, implying low earnings multiple
- Company has actively reduced debt levels, improving balance sheet strength
- Price-to-book of 2.78x is reasonable given ROE of 35-50%, suggesting value creation above cost of equity
- TTM profit growth of 34% continues to outpace broader industrial sector averages
- Expected to deliver a good upcoming quarter based on operational trajectory
- Stock price has declined 41% over the past year despite strong fundamentals, signaling possible market concerns
- Debtor days at 199 days is extremely elevated, indicating poor collection efficiency and potential credit risk
- Working capital days have surged from 105 to 187 days, tying up significantly more capital in operations
- Zero dividend yield despite repeated profitability suggests shareholders receive no cash returns
- Last year ROE declined to 35% from the 3-year average of 50%, indicating potential margin or efficiency compression
- Small market cap of ₹4,983 Cr may limit institutional participation and liquidity
- Lack of available long-term data (5-year and 10-year CAGR figures unavailable) limits visibility into sustained performance
- Rising working capital requirements could strain cash flows and necessitate external funding despite debt reduction efforts
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Oswal Pumps is on a strong growth trajectory, diversifying beyond PM KUSUM into residential rooftop solar with over ₹735Cr in new orders announced in June-July alone and 43.9% Q4 revenue growth. The CFO departure is a minor leadership concern but does not offset the momentum. The order pipeline of 1,546 MW and strategic shift toward annuity-style RESCO income provide multi-year revenue visibility, suggesting an improving trend heading into FY27.
- CFO resigns for external opportunities Jun 20
CFO Subodh Kumar resigned effective June 20, 2026, to pursue opportunities outside the company, creating a leadership gap in the finance function.
- ₹500Cr+ Bihar rooftop solar win Jun 15
Secured 63 MW rooftop solar projects across 57,492 households in Bihar under PM Surya Ghar with ~₹247Cr installation value plus ₹257Cr in 10-year energy revenue under RESCO model. Stock surged 6% on the news.
- ₹236Cr Maharashtra solar pump order Jul 6
Won ₹235.92Cr order from Maharashtra State Electricity Distribution Company for 10,000 solar water pumps under PM KUSUM-B, to be executed within 60 days.
- Strong Q4 FY26 revenue growth Jun 15
Consolidated revenue jumped 43.9% to ₹91.95Cr in Q4 FY26, with full-year revenue from operations up 39.8% to ₹509.74Cr. Open and upcoming orders stand at 1,546 MW.
- Trading window closed for Q1 results Jun 23
Trading window shut from July 1, 2026, until 48 hours after Q1FY27 results are announced, a routine compliance measure.
- Analyst meet at InsightX 2026 Jun 9
Scheduled analyst and institutional investor meeting on June 12 as part of Choice Institutional Equities' InsightX 2026 Virtual Conference.
Quarterly Results
₹ Cr| Particulars | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 230 | 376 | 310 | 380 | 365 | 514 | 540 | 501 | 510 | 474 |
| Expenses | 185 | 274 | 209 | 261 | 266 | 373 | 412 | 374 | 392 | 399 |
| Operating Profit | 45 | 101 | 101 | 118 | 99 | 141 | 128 | 127 | 118 | 74 |
| OPM % | 20% | 27% | 33% | 31% | 27% | 27% | 24% | 25% | 23% | 16% |
| Other Income | 1 | 0 | 1 | 1 | 1 | 1 | 7 | 5 | 6.94 | 8 |
| Interest | 5 | 7 | 10 | 12 | 13 | 13 | 5 | 8 | 10 | 8 |
| Depreciation | 5 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 |
| PBT | 36 | 92 | 89 | 104 | 82 | 125 | 126 | 119 | 112 | 68 |
| Tax % | 20% | 24% | 26% | 23% | 23% | 25% | 24% | 24% | 18% | 21% |
| Net Profit | 29 | 71 | 66 | 80 | 64 | 95 | 98 | 92 | 93 | 54 |
| EPS (₹) | 2.87 | 7.09 | 6.61 | 8.08 | 6.42 | 8.31 | 8.55 | 8.03 | 8.12 | 4.75 |
Profit & Loss
₹ Cr| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 360 | 385 | 759 | 1,430 | 2,064 | 2,024 |
| Expenses | 322 | 327 | 606 | 1,010 | 1,550 | 1,577 |
| Operating Profit | 39 | 58 | 153 | 420 | 514 | 447 |
| OPM % | 11% | 15% | 20% | 29% | 25% | 22% |
| Other Income | 1 | 2 | 0 | 2.62 | 21.52 | 27 |
| Interest | 8 | 6 | 14 | 42 | 35 | 31 |
| Depreciation | 7 | 8 | 9 | 13 | 16 | 18 |
| PBT | 24 | 47 | 130 | 368 | 483 | 426 |
| Tax % | 29% | 27% | 25% | 24% | 23% | — |
| Net Profit | 17 | 34 | 98 | 281 | 376 | 336 |
| EPS (₹) | 1.7 | 3.44 | 9.82 | 28.21 | 33.01 | 29.45 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 10 | 11 |
| Reserves | 38 | 73 | 173 | 452 | 1,672 |
| Borrowings | 90 | 62 | 78 | 466 | 237 |
| Other Liabilities | 88 | 111 | 254 | 143 | 226 |
| Total Liabilities | 222 | 252 | 511 | 1,071 | 2,146 |
| Fixed Assets | 71 | 81 | 97 | 134 | 162 |
| CWIP | 0 | 3 | 1 | 0 | 44 |
| Investments | 4 | 0 | 0 | 5 | 8 |
| Other Assets | 147 | 168 | 413 | 931 | 1,932 |
| Total Assets | 222 | 252 | 511 | 1,071 | 2,146 |
Cash Flow
₹ Cr| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | 65 | 50 | 17 | −151 | −77 |
| Investing | −46 | −21 | −24 | −55 | −397 |
| Financing | −14 | −33 | 3 | 206 | 572 |
| Net Cash Flow | 5 | −4 | −3 | 1 | 98 |
| Free Cash Flow | 30 | 25 | −7 | −198 | −212 |
| CFO/EBITDA | 175 | 104 | 34 | −15 | 11 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 38 | 69 | 115 | 160 | 199 |
| Inventory Days | 108 | 93 | 89 | 97 | 64 |
| Days Payable | 78 | 82 | 47 | 36 | 46 |
| Cash Conversion Cycle | 69 | 80 | 157 | 221 | 218 |
| Working Capital Days | −23 | −4 | 42 | 86 | 187 |
| ROCE % | — | 38% | 74% | 69% | 36% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Oswal Pumps insights
62 extracted metrics across FY22–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025Transcript PPT Recording
- Q1 FY26 concall · Aug 2025PPT
- 22 Sep 2026
- 26 Dec 2025
- 22 Aug 2025
- 1 Jul 2025
- 18 Jun 2025
- General announcements 30 Oct 2026
- General announcements 30 Oct 2026
Frequently Asked Questions about Oswal Pumps
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Company Information
Incorporated in 2003, Oswal Pumps Limited is a leading manufacturer and distributor of a wide range of pumps.
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