Oswal Pumps Ltd
Incorporated in 2003, Oswal Pumps Limited is a leading manufacturer and distributor of a wide range of pumps.[1]
- Market Cap ₹ 6,207 Cr.
- Current Price ₹ 545
- High / Low ₹ 889 / 486
- Stock P/E 18.5
- Book Value ₹ 131
- Dividend Yield 0.00 %
- ROCE 77.9 %
- ROE 87.5 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 81.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 160 days.
- Working capital days have increased from 41.7 days to 86.4 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 360 | 385 | 759 | 1,430 | 1,798 | |
| 322 | 327 | 606 | 1,010 | 1,312 | |
| Operating Profit | 39 | 58 | 153 | 420 | 486 |
| OPM % | 11% | 15% | 20% | 29% | 27% |
| 1 | 2 | 0 | 2 | 10 | |
| Interest | 8 | 6 | 14 | 42 | 42 |
| Depreciation | 7 | 8 | 9 | 13 | 15 |
| Profit before tax | 24 | 47 | 130 | 368 | 438 |
| Tax % | 29% | 27% | 25% | 24% | |
| 17 | 34 | 98 | 281 | 336 | |
| EPS in Rs | 28.93 | 58.44 | 166.90 | 28.21 | 31.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 89% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 155% |
| TTM: | 182% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 81% |
| Last Year: | 88% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 10 | 11 |
| Reserves | 38 | 73 | 173 | 452 | 1,486 |
| 90 | 62 | 78 | 332 | 124 | |
| 88 | 111 | 254 | 276 | 241 | |
| Total Liabilities | 222 | 252 | 511 | 1,070 | 1,862 |
| 71 | 81 | 97 | 134 | 144 | |
| CWIP | 0 | 3 | 1 | 0 | 2 |
| Investments | 4 | 0 | 0 | 5 | 7 |
| 147 | 168 | 413 | 931 | 1,708 | |
| Total Assets | 222 | 252 | 511 | 1,070 | 1,862 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 65 | 50 | 17 | -151 | |
| -46 | -21 | -24 | -55 | |
| -14 | -33 | 3 | 206 | |
| Net Cash Flow | 5 | -4 | -3 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 38 | 69 | 115 | 160 |
| Inventory Days | 108 | 93 | 89 | 97 |
| Days Payable | 78 | 82 | 47 | 36 |
| Cash Conversion Cycle | 69 | 80 | 157 | 221 |
| Working Capital Days | -23 | -4 | 42 | 86 |
| ROCE % | 38% | 74% | 78% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5m
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
18 Dec - Postal ballot: special resolution approved Dec 17, 2025; 9,93,00,430 votes for, 547 against.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
11 Dec - Awarded Rs.380 Crore order for 13,738 off-grid solar water pumps by MSEDCL under PM Kusum B.
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Change In The Name Of Wholly Owned Subsidiary Of The Company
9 Dec - Registrar approved renaming Oswal Solar Structure Pvt Ltd to Oswal Solar Energy Pvt Ltd, effective Dec 09, 2025.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 20 Nov
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.