Oswal Pumps Ltd
Incorporated in 2003, Oswal Pumps Limited is a leading manufacturer and distributor of a wide range of pumps.[1]
- Market Cap ₹ 6,073 Cr.
- Current Price ₹ 531
- High / Low ₹ 889 / 521
- Stock P/E 23.5
- Book Value ₹ 122
- Dividend Yield 0.00 %
- ROCE 76.4 %
- ROE 80.4 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 73.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 177 days.
- Working capital days have increased from 41.6 days to 84.8 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 388 | 385 | 774 | 1,272 | 1,551 | |
| 327 | 327 | 634 | 918 | 1,164 | |
| Operating Profit | 61 | 58 | 140 | 353 | 387 |
| OPM % | 16% | 15% | 18% | 28% | 25% |
| 1 | 2 | 0 | 2 | 5 | |
| Interest | 7 | 6 | 14 | 37 | 36 |
| Depreciation | 8 | 8 | 8 | 8 | 9 |
| Profit before tax | 47 | 47 | 118 | 310 | 346 |
| Tax % | 29% | 27% | 25% | 26% | |
| 33 | 34 | 89 | 231 | 258 | |
| EPS in Rs | 57.18 | 58.46 | 152.07 | 23.21 | 24.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 49% |
| TTM: | 64% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 90% |
| TTM: | 154% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 73% |
| Last Year: | 80% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 10 | 11 |
| Reserves | 61 | 73 | 165 | 394 | 1,385 |
| 88 | 58 | 66 | 269 | 63 | |
| 65 | 114 | 249 | 250 | 251 | |
| Total Liabilities | 220 | 251 | 485 | 923 | 1,710 |
| 48 | 81 | 74 | 91 | 94 | |
| CWIP | 0 | 3 | 1 | 0 | 2 |
| Investments | 4 | 0 | 13 | 16 | 320 |
| 168 | 167 | 398 | 816 | 1,295 | |
| Total Assets | 220 | 251 | 485 | 923 | 1,710 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 50 | 17 | -137 | ||
| -17 | -15 | -29 | ||
| -37 | -5 | 166 | ||
| Net Cash Flow | -4 | -3 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 76 | 69 | 113 | 177 |
| Inventory Days | 71 | 93 | 74 | 70 |
| Days Payable | 61 | 82 | 43 | 35 |
| Cash Conversion Cycle | 86 | 80 | 144 | 211 |
| Working Capital Days | 29 | 0 | 40 | 85 |
| ROCE % | 36% | 72% | 76% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 20 Nov
- Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Nov
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
17 Nov - Postal ballot to approve relocation of Oswal Solar ₹2,727.58m project; e-voting Nov 18–Dec 17, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Nov - Audio recording of November 14, 2025 Q2 FY2026 earnings conference call available.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Nov
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptNotesPPT
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Jul 2025TranscriptNotesPPT
Business Overview[1]
Oswal Pumps Ltd (OPL) is one of India’s fastest-growing vertically integrated solar pump manufacturers. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, induction and submersible electric motors, and solar modules under the ‘Oswal’ brand. It also provides turnkey solar pumping systems under the PM Kusum Scheme, directly or through empaneled partners.