Oswal Pumps Ltd
Incorporated in 2003, Oswal Pumps Limited is a leading manufacturer and distributor of a wide range of pumps.[1]
- Market Cap ₹ 4,320 Cr.
- Current Price ₹ 379
- High / Low ₹ 889 / 360
- Stock P/E 16.7
- 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
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Board Meeting Intimation for Approval The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2025.
30 Jan - Board meeting Feb 7, 2026 to approve unaudited Q3/9M results (Dec 31, 2025); trading window closed until Feb 9.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Jan - Order for 3,263 solar pumps in Karnataka under PM-KUSUM B; value ₹119.92 crore; install by 31 Mar 2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
14 Jan - Order for 3,263 solar pumps worth ₹119.92 Cr from KREDL under PM-KUSUM B; installation by Mar 31, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Jan - Company rebuts analyst report; highlights missing audit trail, Rs1,337Mn supply-chain financing, negative OCF Rs1,505Mn (FY25).
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Registrar certificate confirming Regulation 74(5) compliance for quarter ended December 31, 2025 (dated Jan 01, 2026).
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptAI SummaryPPT
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.