Oswal Pumps Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Oswal Pumps Ltd. (Oswal Pumps) is a vertically integrated manufacturer of solar-powered and grid-connected water pumping systems, electric motors, and solar modules. The company operates as a key participant in India's renewable energy transition, particularly through the PM-KUSUM scheme, providing turnkey solutions that encompass design, engineering, manufacturing, and installation. Oswal Pumps serves the agricultural, residential, and industrial sectors, maintaining a significant presence in both domestic and international markets.

Key Points

• Key Facts:
  • Founded Year: 2003 (over 22 years of experience in pump engineering).
  • Headquarters: Karnal, Haryana, India.
  • Stock Listing: Listed on NSE and BSE (Stock Code: OSWALPUMPS).
  • Core Products: Solar submersible and monoblock pumps, grid-connected pumps, electric motors (induction and submersible), and solar PV modules.
• Operations and Resources:
  • Facilities: Fully integrated manufacturing units in Karnal, Haryana. These facilities handle the production of pumps, motors, and solar modules.
  • Capacity: As of H1 FY26, the company has an installed capacity for Stainless Steel Pumps (1,160 MT), Cast Iron Pumps (3,544 MT), and Solar Modules (570 MW).
  • Integration: The company is backward integrated, manufacturing major components in-house to maintain quality and cost efficiency.
• Privatization and Ownership:
  • Promoters: Led by Mr. Vivek Gupta (Chairman and Managing Director).
  • Subsidiaries: Includes Oswal Solar Structure Private Limited and Oswal Green Industries Private Limited.
• Market and Significance:
  • Strategic Importance: A major supplier under the PM-KUSUM scheme, having supplied 48,915 turnkey solar pumping systems as of June 30, 2025.
  • Industries Served: Primarily agriculture (irrigation), municipal water supply, sewage treatment, food processing, and oil & gas.
• Sustainability and Innovation:
  • Environmental Focus: Transitioned from standalone products to higher-margin turnkey solar solutions, reducing reliance on conventional power.
  • Technology: Offers a range of specialized products including Helical Rotor Pumps, Progressive Cavity Pumps (PCP), and Industrial Centrifugal Pumps for diverse industrial applications.
• Business Model and Strengths:
  • Model: Vertically integrated manufacturer delivering end-to-end solar pumping solutions.
  • Strengths: Extensive distribution network of 1,235 distributors as of H1 FY26. It benefits from policy-led momentum in the renewable energy sector.
• Revenue Breakdown (FY25 Annual):
  • Total Revenue from Operations: ₹14,303 million.
  • Segment Mix: Turnkey Solar Pumping Systems (Submersible) have become the dominant revenue driver, accounting for roughly two-thirds of the revenue in FY25.
  • Customer Category:
    • Government Entities: 74.5%
    • Sales through Distributors: 14.2%
    • Institutional Customers: 7.4%
    • Exports: 3.8%
  • Geographical Reach: Strong presence in North India (591 distributors) and Central India (309 distributors).
• Financial Performance (FY25 vs 9M FY26):
  • Operating EBITDA (FY25): ₹4,199 million (29.4% margin).
  • PAT (FY25): ₹2,806 million (19.6% margin).
  • 9M FY26 Revenue: ₹15,547 million (reflecting 45.9% YoY growth).
  • 9M FY26 PAT: ₹2,837 million.
• Strategic Initiatives:
  • Expansion: Aiming to increase distributor footprint in South and West India, specifically in states like Karnataka, Andhra Pradesh, and Gujarat.
  • Capacity Enhancement: Continuous scaling of solar module manufacturing to support the increasing demand for turnkey solar projects.

References

1. Annual Report Jul 2025
2. Investor Presentation Feb 2026
3. Investor Presentation Nov 2025