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Earnings Call

Oswal Pumps Earnings Call: Key Takeaways

Oswal Pumps reported record FY26 performance with ₹20.6bn revenue, driven by PM KUSUM execution. Strategy focuses on diversifying into Rooftop, Utility, and C&I solar projects.

Highlights
Revenue growth44.3% YoY in FY26.
MarginsFY26 EBITDA margin at 24.9%; Q4 seen slight sequential moderation.
Order book19,912 pumps; 300 MW solar project pipeline.
Demand visibilityStrong; order book of 19,912 pumps plus 25,000 pump pipeline.
Management confidenceHigh; citing 'landmark year' and strong execution capabilities.

Growth

FY26 Operating Income grew 44.3% YoY to ₹20,644mn; PAT surged 34.1% YoY to ₹3,763mn.

Outlook

Pipeline of 25,000 pumps and 300MW solar projects; scaling PM KUSUM 2.0 and PM Surya Ghar.

Risks

Input cost pressures and competitive tender pricing caused Q4 EBITDA margin moderation to 23.2%.

Source

Earnings Call filed with NSE, NSE: OSWALPUMPS. Summary written with AI assistance from the document.

Read the document ↗

Oswal Pumps Ltd: key numbers

Share price
₹274.95
Market cap
₹3,135 Cr
Revenue (annual)
₹2,064 Cr
Net profit (annual)
₹376.3 Cr
P/E (TTM)
9.3×Sector 53.6×
Promoter holding
75.65%-0.02% QoQ
FII holding
0.10%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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16:58 IST NSE
Annual General Meeting

Oswal Pumps Annual General Meeting

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12:27 IST BSE
New Order Win

Oswal Pumps Bags ₹29.75 Cr Order from Telangana Renewable Energy Development Corporation Limited

Oswal Pumps won a ₹29.75 Crore solar EPC order from TREDCL for 46,705 kW across 9,937 Telangana schools. Installation due within 180 days.

Value
₹29.75 Cr
From
Telangana Renewable Energy Development Corporation Limited
Execution
180 days from date of receiving Work Order
solar rooftop PV capacity
46705 kW
11:56 IST NSE
Credit Rating

Oswal Pumps Credit Rating

ICRA reaffirmed Oswal Pumps' long-term A+ rating but revised outlook from stable to negative. The change reflects substantial receivable build-up and moderating profitability amid competitive intensity.

08:50 IST NSE
New Order Win

Oswal Pumps Bags ₹297.5 Cr Order from Telangana Renewable Energy Development Corporation Limited

Oswal Pumps Ltd secured an order from TREDCL for 46.7 MW of rooftop solar power plants across 9,937 government schools in Telangana for ₹297.50 Crore.

Value
₹297.5 Cr
From
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Execution
180 days from the date of receiving of Work Order
rooftop solar capacity
46.7 MW
21:24 IST BSE
Annual General Meeting

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