Incorporated in 2003, Oswal Pumps Limited is a leading manufacturer and distributor of a wide range of pumps.[1]
Business Overview[1]Oswal Pumps Ltd (OPL) is one of India’s fastest-growing vertically integrated solar pump manufacturers. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, induction and submersible electric motors, and solar modules under the‘Oswal’brand. It also provides turnkey solar pumping systems under the PM Kusum Scheme, directly or through empaneled partners.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Cummins India | 4309.80 | 51.84 | 119467.66 | 1.19 | 622.33 | 38.49 | 3170.27 | 26.38 | 36.32 | 11643.62 | 20.97 | 2304.50 | 622.33 | 15.13 | 20.85 | 0.00 |
| 2. | Kirloskar Oil | 1254.30 | 37.45 | 18228.92 | 0.52 | 159.19 | 33.60 | 1948.38 | 29.50 | 13.68 | 6915.20 | 18.45 | 486.77 | 162.46 | 5.40 | 4.59 | 1.64 |
| 3. | Elgi Equipments | 476.70 | 38.78 | 15107.05 | 0.46 | 121.40 | 28.17 | 968.00 | 11.41 | 21.91 | 3675.19 | 14.43 | 389.58 | 121.40 | 7.52 | 11.93 | 0.26 |
| 4. | KSB | 756.90 | 50.16 | 13173.03 | 0.53 | 67.50 | 9.40 | 649.60 | 5.37 | 23.82 | 2638.10 | 12.98 | 262.60 | 67.50 | 8.59 | 11.19 | 0.00 |
| 5. | Kirl. Brothers | 1647.40 | 33.03 | 13081.83 | 0.42 | 72.20 | -27.77 | 1027.70 | -0.78 | 27.59 | 4432.20 | 12.98 | 396.05 | 69.07 | 5.93 | 11.89 | 0.10 |
| 6. | Ingersoll-Rand | 3459.50 | 41.27 | 10920.95 | 2.31 | 60.35 | 0.00 | 321.94 | -0.05 | 60.02 | 1341.12 | 25.05 | 264.65 | 60.35 | 16.80 | 30.02 | 0.02 |
| 7. | Shakti Pumps | 737.00 | 22.63 | 9094.43 | 0.14 | 90.71 | -10.56 | 666.35 | 5.00 | 55.31 | 2602.94 | 22.97 | 401.82 | 90.71 | 5.59 | 23.88 | 0.38 |
| 8. | Oswal Pumps | 503.35 | 22.23 | 5737.05 | 0.00 | 75.77 | 24.21 | 485.24 | 64.81 | 76.44 | 1550.56 | 24.95 | 258.02 | 75.77 | 4.11 | 32.81 | 0.05 |
| – | Median: 14 Co. | 815.02 | 40.03 | 7946.16 | 0.53 | 63.92 | 4.69 | 576.82 | 6.97 | 25.7 | 2195.37 | 15.24 | 260.31 | 63.92 | 5.9 | 11.91 | 0.12 |
Standalone figures in ₹ crores
| Dec 2024 | Jun 2024 | Jun 2025 | Mar 2024 | Mar 2025 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
Sales | 342 | 355 | 444 | 246 | 280 | 294 | 485 |
Expenses | 250 | 266 | 331 | 213 | 202 | 201 | 381 |
Operating Profit | 91 | 90 | 113 | 33 | 78 | 94 | 105 |
Other Income | 1 | 1 | 1 | 1 | 0 | 1 | 3 |
Profit before tax | 80 | 82 | 100 | 24 | 65 | 83 | 101 |
Tax % | 25% | 25% | 26% | 18% | 25% | 27% | 25% |
Net Profit | 60 | 62 | 74 | 20 | 48 | 61 | 76 |
EPS in Rs | 6.02 | 10.54 | 6.50 | 34.02 | 4.86 | 6.13 | 6.65 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
Sales | 388 | 385 | 774 | 1,272 | 1,551 |
Expenses | 327 | 327 | 634 | 918 | 1,164 |
Operating Profit | 61 | 58 | 140 | 353 | 387 |
Other Income | 1 | 2 | 0 | 2 | 5 |
Interest | 7 | 6 | 14 | 37 | 36 |
Depreciation | 8 | 8 | 8 | 8 | 9 |
Profit before tax | 47 | 47 | 118 | 310 | 346 |
Net Profit | 33 | 34 | 89 | 231 | 258 |
EPS in Rs | 57.18 | 58.46 | 152.07 | 23.21 | 24.03 |
Dividend Payout % | 0% | 0% | 0% | 0% | – |
Standalone figures in ₹ crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 10 | 11 |
Reserves | 61 | 73 | 165 | 394 | 1,385 |
Borrowings | 88 | 58 | 66 | 269 | 63 |
Other Liabilities | 65 | 114 | 249 | 250 | 251 |
Total Liabilities | 220 | 251 | 485 | 923 | 1,710 |
Fixed Assets | 48 | 81 | 74 | 91 | 94 |
Gross Block | 112.61 | 88.70 | 88.38 | 112.15 | – |
Accumulated Depreciation | 63.76 | 7.75 | 14.50 | 21.22 | – |
CWIP | 0 | 3 | 1 | 0 | 2 |
Investments | 4 | 0 | 13 | 16 | 320 |
Other Assets | 168 | 167 | 398 | 816 | 1,295 |
Total Assets | 220 | 251 | 485 | 923 | 1,710 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
Cash from Operating Activity | – | 50 | 17 | -137 |
Cash from Investing Activity | – | -17 | -15 | -29 |
Cash from Financing Activity | – | -37 | -5 | 166 |
Net Cash Flow | – | -4 | -3 | 1 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
Debtor Days | 76 | 69 | 113 | 177 |
Inventory Days | 71 | 93 | 74 | 70 |
Days Payable | 61 | 82 | 43 | 35 |
Cash Conversion Cycle | 86 | 80 | 144 | 211 |
Working Capital Days | 29 | 0 | 40 | 85 |
ROCE % | – | 36% | 72% | 76% |
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Stock Analysis
Oswal Pumps Limited is a vertically integrated manufacturer of solar pumps, electric motors, and solar modules, operating primarily in the renewable energy and agricultural sectors in India.
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