Business Update Neutral

2026-05-21 18:13

CRITICAL RED FLAG DETECTED

Management guided for FY27 revenue growth of 20-25% YoY, but with H1 expected to see a moderate but temporary revenue decline due to PM-KUSUM 2.0 delays and project scheduling. Operating EBITDA margin for FY27 is expected to be 22.0-23.0% (vs FY26 24.9%), and PAT margin 15-16% (vs FY26 18.0%), primarily due to elevated input costs and competitive pricing. Beyond FY27, sustained growth of 30-40% is targeted. Capex of INR350 crores is planned for FY27 for solar capacity expansion to 2.1 GW and backward integration, with pump/motor capacity and solar module (1 GW) expansion on track for Q3 FY27 completion. The company is diversifying into rooftop, utility, and C&I solar projects, building a 300 MW pipeline, and entering solar inverter production for backward integration. Net debt stood at INR135 Cr (Net Debt/Equity 0.08x) as of March 31, 2026. Elevated receivables (155 days) from state agencies are expected to normalize. New business lines are anticipated to contribute ~INR1,000 Cr in FY27.

Routine Neutral

2026-05-21 17:12

New Filing detected. See link for details.

Business Update Neutral

2026-05-18 18:11

Oswal Pumps Ltd. announced the availability of the audio recording of its conference call held on May 18, 2026. The call discussed the Q4 FY2026 financial results, and the recording is accessible via a link on the company's investor relations website.

Business Update Positive

2026-05-17 12:23

Oswal Pumps Ltd. released its Strategy Presentation for May 2026, highlighting its position as one of the fastest-growing vertically integrated solar pump manufacturers with a 54.7% revenue CAGR over the last five fiscals. The company's subsidiary, Oswal Solar Energy Private Limited, has secured an order for grid-connected rooftop solar plants under the PM-Surya Ghar Scheme. Proposed plans include investing ₹898.60 million for pump manufacturing capacity expansion and ₹1,536.60 million to increase solar module capacity by 1,500 MW, along with backward integration into aluminum extrusion and EVA manufacturing.

Financials Positive

2026-05-16 20:12

Oswal Pumps Ltd. reported Q4 FY26 Total Income of ₹5,167 Mn vs ₹3,656 Mn (▲41.3% YoY), EBITDA of ₹1,250 Mn vs ₹998 Mn (▲25.3% YoY), and PAT of ₹925 Mn vs ₹639 Mn (▲44.8% YoY). EBITDA Margin was 24.2% vs 27.3% (▼310bps). For the full year FY26, Total Income grew 45.6% YoY to ₹20,859 Mn, EBITDA 26.7% YoY to ₹5,354 Mn, and PAT 34.1% YoY to ₹3,763 Mn.

Governance Neutral

2026-05-16 19:55

Oswal Pumps Ltd. announced on May 16, 2026, the re-designation of Mr. Avadhesh K. Singh as the Group Chief Operating Officer (Group COO) of the Company. The re-designation is effective immediately, with no change in his role or other terms of appointment.

Governance Neutral

2026-05-16 19:45

Oswal Pumps Ltd.'s Board of Directors, in a meeting on May 16, 2026, approved the re-appointment of Mr. Amulya Gupta as a Whole Time Director for a period of five years, effective June 24, 2026. Mr. Gupta, with over 7 years of experience in the pumps industry, is the son of Chairman & MD Mr. Vivek Gupta and brother of Whole Time Director Mr. Shivam Gupta.

Financials Positive

2026-05-16 19:15

Oswal Pumps Ltd. reported strong consolidated financial results for the quarter ended March 31, 2026. Consolidated Revenue from Operations was ₹509.74 Cr vs ₹364.64 Cr (▲39.79% YoY), EBITDA was ₹118.10 Cr vs ₹98.84 Cr (▲19.48% YoY), and Net Profit (PAT) was ₹91.87 Cr vs ₹62.92 Cr (▲46.02% YoY). EBITDA Margin contracted to 23.17% from 27.11% (▼394bps).

Financials Positive

2026-05-16 19:04

Consolidated Revenue ₹509.74 Cr vs ₹364.64 Cr (▲39.8% YoY), EBITDA ₹125.03 Cr vs ₹99.79 Cr (▲25.3% YoY), PAT ₹91.87 Cr vs ₹62.92 Cr (▲46.0% YoY). EBITDA Margin 24.5% vs 27.4% (▼284bps).

Business Update Neutral

2026-05-13 21:13

Oswal Pumps Ltd. has organized a conference call for investors and analysts on Monday, May 18, 2026, at 3:30 PM IST. The call will discuss the company's Q4 FY26 financial results, business strategy, and future outlook.

Business Update Positive

2026-05-07 13:54

Oswal Pumps Ltd.'s wholly-owned subsidiary, Oswal Solar Energy Private Limited, has incorporated a new step-down subsidiary named Oswal Doon Baran Bundi Solar Projects Limited. This Special Purpose Vehicle (SPV), with Oswal Solar holding 60%, will undertake the design, supply, erection, commissioning, operation, and maintenance of Rooftop Solar Photovoltaic Power Projects in Rajasthan under a Hybrid Annuity Mode. The SPV is part of an empaneled vendor list for a 33 MW capacity project by Rajasthan Renewable Energy Corporation Limited.

Business Update Positive

2026-05-06 10:55

Order Win: Oswal Pumps Limited received a Letter of Empanelment (LOE) from Maharashtra State Electricity Distribution Company Limited for 6,869 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum B Scheme 'Magel Tyala Saur Krishi Pump Yojna'. The order is to be executed within 1 year.

Business Update Positive

2026-05-06 09:00

Order Win: Oswal Pumps Ltd. won an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 6,896 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum B Scheme. Order Value: ₹162.06 Crore (approx., including GST). Completion Timeline: Execution within 1 year, with installation within 60 days from Notice to Proceed (NTP) and including a 5-year warranty, repair, maintenance, and Remote Monitoring System (RMS).

Routine Neutral

2026-05-06 08:45

New Filing detected. See link for details.

Ownership Positive

2026-04-24 19:07

Oswal Pumps Ltd. allotted 27,483 Equity Shares of Re. 1/- each on April 24, 2026, to employees under its Employee Stock Option Plan – 2024. This increased the paid-up equity share capital from Rs. 11,39,77,414 to Rs. 11,40,04,897.

Routine Neutral

2026-04-23 14:50

Oswal Pumps Ltd. declared on April 23, 2026, the non-applicability of SEBI's Large Corporate framework for fund raising via debt securities. The company confirmed it does not meet the criteria specified under the SEBI Master Circular dated October 15, 2025.

Routine Neutral

2026-04-06 14:43

Oswal Pumps Ltd. submitted a certificate from MUFG Intime India Private Limited, confirming compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026, concerning dematerialization and share transfer activities.

Business Update Neutral

2026-03-28 16:15

Oswal Pumps Ltd.'s Board approved corporate guarantees totaling ₹136.16 Cr for its wholly-owned material subsidiary, Oswal Solar Energy Private Limited. These guarantees secure credit facilities of ₹86.16 Cr from State Bank of India and ₹50 Cr from Yes Bank, forming a contingent liability for the company.

Routine Neutral

2026-03-25 15:59

Oswal Pumps Ltd. announced the closure of the trading window for designated persons from April 1, 2026, until 48 hours after the announcement of audited financial results for the financial year ending March 31, 2026, in compliance with SEBI Insider Trading Regulations.

Business Update Neutral

2026-03-02 17:37

Oswal Pumps Ltd. has scheduled an Analyst/Institutional Investor meeting, 'Bharat Connect Conference: Rising Stars 2026', organized by Arihant Capital virtually on March 10, 2026, from 1:00 P.M to 2:00 P.M. Discussions will be based on publicly available information.

Business Update Positive

2026-03-02 15:20

Oswal Solar Energy Private Limited, a wholly-owned subsidiary of Oswal Pumps Ltd., secured an order worth ₹39.40 Cr (incl. GST) for 7.46 MWp Grid Connected Rooftop Solar Plants under the PM-Surya Ghar: Muft Bijli Yojana, received from M/s Swashakthi Energy. This strategic order facilitates the company's entry into the rooftop solar segment.

Business Update Positive

2026-03-02 15:12

Oswal Pumps Ltd.'s wholly-owned subsidiary, Oswal Solar Energy Pvt Ltd, secured an order worth ₹39.40 Cr (approx.) for 7.46 MWp Grid Connected Rooftop Solar Plants from M/s Swashakthi Energy. This strategic order, under the PM-Surya Ghar: Muft Bijli Yojana, marks the company's entry into the rooftop solar segment.

Business Update Positive

2026-02-13 11:39

Oswal Pumps Limited held its Q3 FY26 Earnings Conference Call. The company reported strong performance with Q3 FY26 total income of INR507.7 Cr (▲33.4% YoY) and operating revenue of INR501.1 Cr (▲31.9% YoY). Operating EBITDA was INR127.1 Cr (25.4% margin). The company maintains its FY26 revenue growth guidance of 50% YoY.

Routine Neutral

2026-02-12 10:56

New Filing detected. See link for details.

Business Update Neutral

2026-02-09 18:09

Oswal Pumps Ltd. has provided the audio recording of its conference call held on February 09, 2026, where the Q3FY2026 financial results were discussed. The link to the recording is available on the company's website.

Business Update Neutral

2026-02-07 21:41

Oswal Pumps Ltd. has submitted its Investor Presentation for Q3 FY26 and 9M FY26 results, as per SEBI Listing Regulations, 2015. The presentation is also available on the company's website.

Financials Positive

2026-02-07 21:34

Oswal Pumps reported Q3 FY26 results with Revenue at ₹5,077 Mn vs ₹3,805 Mn (▲33.4% YoY), EBITDA at ₹1,337 Mn vs ₹1,191 Mn (▲12.2% YoY), and PAT at ₹916 Mn vs ₹804 Mn (▲13.9% YoY). EBITDA Margin was 26.3% vs 31.3% (▼497 bps).

Routine Negative

2026-02-07 18:42

CRITICAL RED FLAG DETECTED

ICRA's Monitoring Agency Report for Q3 FY2026 (quarter ended Dec 31, 2025) stated that capital expenditure from IPO proceeds did not align with vendor specifications in the prospectus, contradicting an overall declaration of no material deviation.

Financials Positive

2026-02-07 18:26

Consolidated Revenue ₹501.07Cr vs ₹379.75Cr (▲32.0% YoY), EBITDA ₹127.06Cr vs ₹118.39Cr (▲7.3% YoY), PAT ₹90.73Cr vs ₹80.03Cr (▲13.4% YoY). EBITDA Margin 25.36% vs 31.18% (▼582bps).

Business Update Neutral

2026-02-03 18:08

Oswal Pumps Limited will host a conference call for investors and analysts on February 09, 2026, at 3:30 PM (IST) to discuss the Q3 FY26 financial results, business strategy, and outlook.

Business Update Neutral

2026-02-03 15:52

Oswal Pumps Ltd. informed about scheduled analyst/institutional investor meetings on February 10 and 11, 2026. The company will participate in the Nuvama India Conference 2026 and Axis Capital's Flagship India Conference, holding one-to-one and group meetings.

Business Update Neutral

2026-02-03 15:50

Oswal Pumps Ltd. will meet analysts and institutional investors on February 10 and 11, 2026, at the Nuvama Conference and Axis Capital's Flagship India Conference, respectively. Discussions will involve one-to-one and group meetings, based on publicly available information.

Financials Positive

2026-01-14 09:23

Oswal Pumps Ltd. secured an order worth Rs. 119.92 Crore from Karnataka Renewable Energy Development Limited for 3,263 solar pumps under the PM-KUSUM scheme on January 14, 2026.

Financials Positive

2026-01-14 09:18

Oswal Pumps Ltd. received a letter of award from Karnataka Renewable Energy Development Limited for Rs. 119.92 Crore (inclusive of GST) for 3,263 solar pumps under the PM-KUSUM scheme. The order includes design, supply, installation, and maintenance.

Financials Neutral

2026-01-08 11:34

CRITICAL RED FLAG DETECTED

Oswal Pumps issued a press release (Jan 08, 2026) addressing observations in a public report, defending its financial reporting and governance. Concerns raised include cash flow divergence and audit trail issues. | Details in Annexure A.

Routine Neutral

2026-01-06 14:52

Oswal Pumps Ltd. submits a certificate confirming compliance with SEBI regulations regarding share dematerialization. | Routine Compliance.

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Oswal Pumps Limited

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