Oswal Pumps Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,307 Cr
- P/E
- 6.85
- ROE
- 35.15%
- PEG
- 0.07
- Price to sales
- 1.14
- Debt to equity
- 0.14
- 52W high / low
- ₹729 / ₹202
- EBITDA margin
- 22.11%
- Net profit margin
- 18.26%
- Promoter holding
- 75.65%
- Sales (last year)
- ₹2,024 Cr
Incorporated in 2003, Oswal Pumps Limited is a leading manufacturer and distributor of a wide range of pumps.[1]
Guidance scorecard · Q1 FY27 call
What Oswal Pumps Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ1 FY27 call
20–40%- Oswal Pumps targets 20%-25% revenue growth in FY27, with significant back-ended growth expected in the second half of the year.
- Q1 FY27 revenue was around INR470 crores, mainly from pumping business, with negligible contribution from PM Surya Ghar; contribution expected from Q2 onwards.
- PM Surya Ghar scheme revenue is projected to be INR800-1,000 crores in FY27.
- The company plans to supply around 2 lakh solar rooftop homes generating revenue of INR800-1,000 crores in FY27.
- Order book includes approx. 22,000 pumps secured, with ~12,500 related to PM KUSUM and similar state initiatives.
- Future medium-term growth is targeted at 30%-40% as execution across multiple projects accelerates.
2 more points from Oswal Pumps Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Oswal Pumps Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Oswal Pumps is progressing with a 1.5 GW solar module expansion, with approximately INR 200 crores capex in the latest quarter.
- Commercial production of the 1 GW solar module phase is expected by early to mid-September FY27.
- Pump and motor plant capacity expansion and automation capex is expected to be completed by Q3 FY27.
- Remaining solar module plant expansion is progressing as planned, with phase one (1 GW capacity) to finish by end of Q2 FY27.
2 more points from Oswal Pumps Ltd's call on capex
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FundraisingQ1 FY27 call
See what Oswal Pumps Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Current pump order book stands at 22,025 pumps as of Q1 FY27.
- Rooftop solar, utility, and commercial/industrial solar EPC order book at approximately 72 MW.
- Wider pipeline of 359 MW in solar EPC segment.
- Orders secured for around 22,000 pumps, with 12,500 specifically for PM KUSUM-related pumping systems (including Magel Tyala scheme).
- Magel Tyala T6 tender floated, bid submitted, results expected within 7-10 days.
2 more points from Oswal Pumps Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
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.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingOswal Pumps Ltd announcements
All announcements →- Capex / expansionNotableOswal Pumps to set up 1.2 GW TOPCon solar cell manufacturing facility by April 2028
Financials of Oswal Pumps Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Oswal Pumps Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 230 | 376 | 310 | 380 | 365 | 514 | 540 | 501 | 510 |
| Expenses + | 185 | 274 | 209 | 261 | 266 | 373 | 412 | 374 | 392 |
| Operating Profit | 45 | 101 | 101 | 118 | 99 | 141 | 128 | 127 | 118 |
| OPM % | 20% | 27% | 33% | 31% | 27% | 27% | 24% | 25% | 23% |
| Other Income + | 1 | 0 | 1 | 1 | 1 | 1 | 7 | 5 | 8 |
| Interest | 5 | 7 | 10 | 12 | 13 | 13 | 5 | 8 | 10 |
| Depreciation | 5 | 2 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| Profit before tax | 36 | 92 | 89 | 104 | 82 | 125 | 126 | 119 | 112 |
| Tax % | 20% | 24% | 26% | 23% | 23% | 25% | 24% | 24% | 18% |
| Net Profit + | 29 | 71 | 66 | 80 | 64 | 95 | 98 | 92 | 93 |
| EPS in Rs | 48.86 | 12.06 | 6.61 | 8.08 | 6.42 | 8.31 | 8.55 | 8.03 | 8.12 |
Financials of Oswal Pumps Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 360 | 385 | 759 | 1,430 | 2,064 |
| Expenses + | 322 | 327 | 606 | 1,010 | 1,550 |
| Operating Profit | 39 | 58 | 153 | 420 | 514 |
| OPM % | 11% | 15% | 20% | 29% | 25% |
| Other Income + | 1 | 2 | 0 | 2 | 20 |
| Interest | 8 | 6 | 14 | 42 | 35 |
| Depreciation | 7 | 8 | 9 | 13 | 16 |
| Profit before tax | 24 | 47 | 130 | 368 | 483 |
| Tax % | 29% | 27% | 25% | 24% | 23% |
| Net Profit + | 17 | 34 | 98 | 281 | 376 |
| EPS in Rs | 28.93 | 58.44 | 166.90 | 28.21 | 33.01 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Oswal Pumps Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 10 | 11 |
| Reserves | 38 | 73 | 173 | 452 | 1,672 |
| Borrowings + | 90 | 62 | 78 | 332 | 237 |
| Other Liabilities + | 88 | 111 | 254 | 276 | 226 |
| Total Liabilities | 222 | 252 | 511 | 1,070 | 2,146 |
| Fixed Assets + | 71 | 81 | 97 | 134 | 162 |
| CWIP | 0 | 3 | 1 | 0 | 44 |
| Investments | 4 | 0 | 0 | 5 | 8 |
| Other Assets + | 147 | 168 | 413 | 931 | 1,932 |
| Total Assets | 222 | 252 | 511 | 1,070 | 2,146 |
Financials of Oswal Pumps Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 65 | 50 | 17 | -151 | -77 |
| Cash from Investing Activity + | -46 | -21 | -24 | -55 | -399 |
| Cash from Financing Activity + | -14 | -33 | 3 | 206 | 574 |
| Net Cash Flow | 5 | -4 | -3 | 1 | 98 |
| Free Cash Flow | 30 | 25 | -7 | -198 | -213 |
| CFO/OP | 175% | 104% | 34% | -15% | 11% |
Financials of Oswal Pumps Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 38 | 69 | 115 | 160 | 199 |
| Inventory Days | 108 | 93 | 89 | 97 | 64 |
| Days Payable | 78 | 82 | 47 | 36 | 46 |
| Cash Conversion Cycle | 69 | 80 | 157 | 221 | 218 |
| Working Capital Days | -23 | -4 | 42 | 86 | 187 |
| ROCE % | 38% | 74% | 78% | 38% |
Guidance history
How Oswal Pumps Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q3 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Up 0–2% | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
0 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −72.3% | 0% |
| Last 6 months | −51.0% | 1% |
| Last 3 months | −38.6% | 1% |
The price is 76.9% below its all-time high of ₹873.8 (22 Aug 2025). Stocks more than 20% below their peak have their score halved, so 1 became 0.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Oswal Pumps Ltd: 0.4 × 0 + 0.4 × 1 + 0.2 × 1 = 1, halved to 0 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Oswal Pumps Ltd's management said in earlier quarters
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