Oswal Pumps

BSE: OSWALPUMPS · Compressors, Pumps & Diesel Engines

52W Range₹283 ₹888

Snapshot

Unlock Oswal Pumps's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Oswal Pumps Limited is a vertically integrated manufacturer specialising in solar-powered and grid-connected submersible and monoblock pumps. The company also produces induction and submersible electric motors alongside solar modules under the 'Oswal' brand.

Business Model

The company generates revenue through the manufacturing and distribution of pumping solutions and electric motors. It further leverages government initiatives by providing turnkey solar pumping systems under the PM Kusum Scheme.

Growth Outlook

Growth is primarily driven by the expansion of solar-powered irrigation solutions and participation in government-backed renewable energy schemes like PM Kusum. The company's vertical integration allows for cost efficiencies and improved control over its supply chain.

Key Risks

  • Policy Dependency. The company's revenue is significantly tied to government schemes like PM Kusum, making it vulnerable to changes in subsidy policies.
  • Raw Material Price Volatility. Fluctuations in the cost of steel, copper, and solar photovoltaic components can impact manufacturing margins.
  • Competitive Intensity. The pump and solar manufacturing sector is highly fragmented, leading to intense price competition from both organised and unorganised players.

Price

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Key Metrics

P/E

11.9x

Q4 FY26 · consolidated

11.9 vs 12.6x5Y avg

EV/EBITDA

6.8x

Q4 FY26 · consolidated

6.8 vs 7.8x5Y avg

NET PROFIT MARGIN

18.2%

Q4 FY26 · consolidated

+0.7 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

-0.58xYoY

Peers · Compressors, Pumps & Diesel Engines

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Oswal PumpsOSWALPUMPS
3,51411.946.8225.9%49.0%63.8%-41.2%
Shakti Pumps (India) LimitedSHAKTIPUMP
6,00926.1015.317.2%16.6%19.9%30.1%-41.2%
Swaraj Engines LimitedSWARAJENG
4,30023.0915.5819.3%14.4%45.0%59.2%-19.0%
Greaves Cotton LimitedGREAVESCOT
3,07255.6221.1317.8%8.4%2.5%8.0%+21.0%
Roto PumpsROTO
1,02655.4622.28-4.5%19.8%11.0%16.6%-29.2%
Yuken IndiaYUKEN
86269.7920.331.1%11.8%4.5%9.3%-32.0%

As of Q4 FY26

Financials