Oswal Pumps Ltd
Oswal Pumps Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY '26 revenue growth guidance maintained at around 50% year-on-year. FY ’26 revenue growth guidance is around 50% year-on-year, supported by robust order book and execution pipeline.
From Oswal Pumps Ltd's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- FY '26 revenue growth guidance maintained at around 50% year-on-year.
- Medium-term revenue CAGR target of 30% to 35%.
- Current order book: over 24,500 pumps with a strong near-term pipeline exceeding 25,000 pumps.
- PM KUSUM 2 scheme expected to drive significant future growth; company is 100% confident the scheme will launch.
- In case of PM KUSUM 2 delay, diversification into PM Surya Ghar, exports, private solar pumps, and large rooftop EPC verticals planned to sustain growth.
- Capacity expansions: 1 GW solar module expansion by Q1 FY '27 and additional 0.5 GW by Q3 FY '27 to support increased volumes.
- Despite short-term receivables challenges, the company is confident in handling growth efficiently with underlying strong demand and government support.
Profitability & Margins
See what Oswal Pumps Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Pump and motor plant capacity expansion and automation: Bulk of ordering expected to complete by Q4 FY '26, with full capex program scheduled for completion by Q2 FY '27.
- Solar module plant capacity expansion and backward integration:
- - 1 GW solar capacity first phase to be completed by Q1 FY '27.
- - Remaining 0.5 GW expansion planned by Q3 FY '27.
- These investments align with IPO objectives and support phased execution strategy.
- Aim is to strengthen integrated manufacturing platform and scale operations efficiently.
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Oswal Pumps Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at 24,500 pumps, confirmed for Q4 of FY '26 with clear visibility.
- An additional 25,000 pumps are in the pipeline, expected in upcoming quarters.
- These figures exclude the rollout of PM KUSUM 2.0, which will add further volume.
- Around 2,000 pumps in the current orders are export orders.
- The company has strong visibility on orders excluding PM KUSUM 2.0.
- Oswal Pumps is actively participating across multiple states and expects robust order inflows.
- Management is confident about order inflows due to government plans and program expansions, with no significant risk of order denial, though some delays may occur.
Oswal Pumps Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹510 Cr, net profit ₹93 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Oswal Pumps's management said in earlier quarters
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Frequently Asked Questions
What were Oswal Pumps Ltd Q3 FY26 results?
FY '26 revenue growth guidance maintained at around 50% year-on-year. FY ’26 revenue growth guidance is around 50% year-on-year, supported by robust order book and execution pipeline.
What is Oswal Pumps Ltd share price analysis?
Oswal Pumps Ltd currently shows a neutral. The stock trades at a P/E of 9.9 with a market cap of ₹3,719 Cr. Investors should review the full earnings analysis for detailed insights.
Is Oswal Pumps Ltd planning capital expenditure?
Pump and motor plant capacity expansion and automation: Bulk of ordering expected to complete by Q4 FY '26, with full capex program scheduled for completion by Q2 FY '27.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.