Oswal Pumps Ltd
Oswal Pumps Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #31 of 100 in Industrial Products
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Oswal Pumps Ltd Q4 FY26 key numbers
- Revenue
- For new diversified segments (e.g., rooftop solar, PM Surya Ghar), initial revenues expected in FY27 with experimentation phase; first-year business in the range of INR 1,000 crores anticipated.
As stated in Oswal Pumps Ltd's Q4 FY26 earnings call transcript · published 24 May 2026. Reported figures, not investment advice.
The short version
FY27 targeted overall growth of 20% to 25% over FY26, with back-ended growth expected due to PM-KUSUM 2.0 rollout delays. FY27 revenue growth guidance of 20%-25%, with back-ended growth and moderate H1 revenue risk due to PM-KUSUM 2.0 rollout delays.
From Oswal Pumps Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 targeted overall growth of 20% to 25% over FY26, with back-ended growth expected due to PM-KUSUM 2.0 rollout delays.
- Medium-term growth momentum of 30% to 40% CAGR anticipated post-FY27 as multiple projects and segments ramp up.
- Expansion plans increasing pump capacity by over 2.25x and modules by 2.5 to 3x, enabling potential peak turnover of around INR 6,000+ crores.
- For new diversified segments (e.g., rooftop solar, PM Surya Ghar), initial revenues expected in FY27 with experimentation phase; first-year business in the range of INR 1,000 crores anticipated.
- Export and private channels expansion underway, providing additional revenue streams beyond PM KUSUM.
2 more points from Oswal Pumps Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- The company is undertaking capex from IPO proceeds focused on:
- Capacity enhancement and automation at Oswal Pumps Limited (parent company), with around INR90 crores to be infused by Q3 FY27.
- Expanding Oswal Solar's capacity from 600 MW to 2.1 GW, including backward integration like aluminium extrusion and EVA plants.
- Total capex expected in FY27 is around INR350 crores.
- The solar module expansion supports PM KUSUM 2.0 and diversifying into rooftop and C&I solar segments.
- All capex programs are largely on track, with minor potential delays of 2-4 months in infrastructure implementation.
2 more points from Oswal Pumps Ltd's call on capex
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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
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Order Book & Pipeline
- Current executable order book as of May 15, 2026: Approximately 19,912 solar pumps.
- Near-term pipeline: Over 25,000 pumps expected to convert to orders within 3 to 4 months, largely related to PM KUSUM and Magel Tyala tenders.
- Total pipeline including order book: Approximately 45,000+ pumps providing healthy revenue visibility.
- The current order book (~19,900 pumps) is expected to cover Q1 and significant part of Q2 revenues.
- Additional order inflows under PM KUSUM 2.0 expected imminently, with tender awards and execution starting likely from Q3 FY27 onwards.
2 more points from Oswal Pumps Ltd's call on order book
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Oswal Pumps Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): 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 Ltd's management said in earlier quarters
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For H2 FY26, revenue from operations was ₹103 Cr; for H1 FY26, ₹118.8 Cr, totaling ₹221.8 Cr for FY26. Key investor presentation takeaways from Aeron Composites
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Oswal Pumps Ltd Q4 FY26 results?
FY27 targeted overall growth of 20% to 25% over FY26, with back-ended growth expected due to PM-KUSUM 2.0 rollout delays. FY27 revenue growth guidance of 20%-25%, with back-ended growth and moderate H1 revenue risk due to PM-KUSUM 2.0 rollout delays.
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?
The company is undertaking capex from IPO proceeds focused on: - Capacity enhancement and automation at Oswal Pumps Limited (parent company), with around INR90 crores to be infused by Q3 FY27.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.