| Margins | Operating EBITDA margin contracted to 15.7% from 27.4% YoY. |
|---|---|
| Order book | 22,025 pumps and 72 MW Solar EPC order book. |
| Demand visibility | Near-term pipeline of 12,500 pumps and 359 MW solar projects. |
Growth
Revenue declined 7.9% YoY and 7.1% QoQ. Operating EBITDA fell 47.2% YoY due to competitive bidding pressures.
Outlook
Order book stands at 22,025 pumps and 72 MW in solar EPC. Evaluating entry into Jal Jeevan Mission.
Risks
Industry-wide competitive bidding reduced realizations by 9%. Significant increase in cash conversion cycle to 244 days.
Last quarter's promises, checked
Delivered
- IPO proceeds for debt reduction → ₹311 cr repaid (= BEAT)
- Diversification into Rooftop Solar → SPV created & 300MW pipeline (= BEAT)
- Solar module capacity expansion → 1 GW phase 1 on track (= BEAT)
Partly delivered
- Cash conversion cycle reduction → 172 days to 244 days (= MISS)
- Maintain pricing power → Realizations fell 9% due to bidding (= MISS)
Missed
- FY27 EBITDA margin 22-23% → 15.7% delivered (= MISS)
- FY27 Revenue growth 20-25% → -7.9% YoY decline (= MISS)
- PAT margin 15-16% → 11.2% delivered (= MISS)
Investor Presentation filed with NSE, NSE: OSWALPUMPS. Summary written with AI assistance from 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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