OSWALPUMPS

Oswal Pumps Limited

Solar water-pumping systems and solar modules under Oswal brand

Industrials›Capital Goods›Industrial Products›Compressors, Pumps & Diesel Engines

oswalpumps.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹248.40
Market cap
2,832 Cr
Stock P/E
8.4
P/B
1.68
ROE (FY26)
22.4%
ROCE (FY26)
27.1%
Operating margin (FY26)
24.1%
Debt / equity (FY26)
0.14
OCF / EBITDA (FY26)
-11.3%
OCF / EBITDA (3Y)
-17.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Oswal Pumps makes solar water-pumping systems, electric pumps and motors, and solar modules, and sells mainly to government agencies for farm irrigation schemes such as PM-KUSUM.

Company snapshot

11thBy market cap

Ranked among 14 companies in Compressors, Pumps & Diesel Engines.

What we see

Positives
  • ✓Net margin of 18.2% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales365 Cr514 Cr540 Cr501 Cr510 Cr474 Cr
Operating expenses (approx.)266 Cr373 Cr412 Cr374 Cr392 Cr399 Cr
EBITDA99 Cr141 Cr128 Cr127 Cr118 Cr74 Cr
OPM %27.1%27.4%23.7%25.4%23.2%15.7%
Other income0.94 Cr1 Cr7 Cr7 Cr7 Cr8 Cr
Interest13 Cr13 Cr5 Cr8 Cr9 Cr8 Cr
Depreciation4 Cr4 Cr4 Cr4 Cr4 Cr6 Cr
Profit before tax83 Cr126 Cr128 Cr120 Cr112 Cr69 Cr
Tax %23.2%24.6%23.7%23.7%17.7%21.1%
Net profit64 Cr95 Cr98 Cr92 Cr93 Cr54 Cr
EPS (₹)₹6.32₹8.55₹8.43₹8.26₹8.55₹4.86

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales360 Cr385 Cr759 Cr1,430 Cr2,064 CrSign in free for the trailing twelve months
Operating expenses (approx.)322 Cr327 Cr608 Cr1,010 Cr1,550 CrSign in free for the trailing twelve months
EBITDA39 Cr58 Cr150 Cr420 Cr514 CrSign in free for the trailing twelve months
OPM %10.7%15.0%19.8%29.4%24.9%Sign in free for the trailing twelve months
Other income0.72 Cr2 Cr3 Cr3 Cr22 CrSign in free for the trailing twelve months
Interest8 Cr6 Cr14 Cr42 Cr35 CrSign in free for the trailing twelve months
Depreciation7 Cr8 Cr9 Cr13 Cr16 CrSign in free for the trailing twelve months
Profit before tax24 Cr47 Cr130 Cr370 Cr486 CrSign in free for the trailing twelve months
Tax %29.3%26.6%24.8%24.1%22.6%Sign in free for the trailing twelve months
Net profit17 Cr34 Cr98 Cr281 Cr376 CrSign in free for the trailing twelve months
EPS (₹)₹1.70₹3.44₹9.82₹28.21₹34.76Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr6 Cr6 Cr10 Cr11 Cr
Reserves38 Cr73 Cr173 Cr452 Cr1,672 Cr
Borrowings88 Cr59 Cr75 Cr332 Cr237 Cr
Other liabilities91 Cr114 Cr257 Cr276 Cr226 Cr
Total liabilities222 Cr252 Cr511 Cr1,071 Cr2,146 Cr
Fixed assets (net)68 Cr78 Cr94 Cr126 Cr149 Cr
CWIP—3 Cr0.63 Cr0.16 Cr44 Cr
Investments4 Cr——5 Cr8 Cr
Inventories75 Cr68 Cr122 Cr212 Cr221 Cr
Trade receivables37 Cr73 Cr240 Cr627 Cr1,128 Cr
Cash & bank8 Cr4 Cr0.42 Cr1 Cr99 Cr
Other assets30 Cr27 Cr54 Cr99 Cr497 Cr
Total assets222 Cr252 Cr511 Cr1,071 Cr2,146 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity65 Cr50 Cr17 Cr-151 Cr-58 Cr
Cash from investing-46 Cr-21 Cr-24 Cr-55 Cr-399 Cr
Cash from financing-14 Cr-33 Cr3 Cr206 Cr574 Cr
Net cash flow5 Cr-4 Cr-3 Cr0.70 Cr117 Cr
Free cash flow (OCF − Capex)30 Cr25 Cr-7 Cr-200 Cr-195 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %24.6%37.9%56.6%51.8%27.1%
ROE %38.8%43.3%54.5%60.7%22.4%
Debtor days3869115160199
Inventory days1061008710669
Days payable7688463949
Cash conversion cycle6881157226219
OCF / EBITDA %168.5%86.3%11.3%-35.9%-11.3%
OCF / EBITDA % (3 years)——53.5%-13.3%-17.7%
Debt / equity2.000.750.420.720.14
Current ratio0.941.031.301.614.55
Net debt / EBITDA2.080.960.500.790.27