# Solar Pumps — company-by-company sector analysis > Solar Pumps: Shakti Pumps (India) Ltd owns the largest revenue base; GK Energy Ltd has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-05. Not investment advice. ## Bottom line Solar Pumps has underperformed NIFTY 500 by 55.6% over 52 weeks and 10.1% over 13 weeks. 0 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 1 beat the sector itself. Shakti Pumps (India) Ltd leads with revenue of ₹2,934 crore, based on 3 of 3 comparable companies through Jun 2026. ## Sector relative strength Solar Pumps has underperformed NIFTY 500 by 55.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 10.1%. 0 of 2 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Shakti Pumps (India) Ltd is the strongest against the sector itself at +4.6%. 13-week sector return versus NIFTY 500: -10% 52-week sector return versus NIFTY 500: -56% Stocks leading NIFTY: 0/2 Stocks leading sector: 1/1 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 3 Combined market value: ₹12.8K Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. GK Energy Ltd (GKENERGY): 66/100 — Favorable setup; evidence 66% - Growth & earnings 20.1/35 | Capital efficiency 20.5/25 | Valuation 15.0/20 | Relative strength 10.0/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of 10 weeks with a reading, within the last 12 - Exact sum: 20.1 + 20.5 + 15 + 10 = 65.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 2. Oswal Pumps Ltd (OSWALPUMPS): 62/100 — Mixed-positive evidence; evidence 71% - Growth & earnings 18.8/35 | Capital efficiency 21.0/25 | Valuation 15.0/20 | Relative strength 7.5/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of 10 weeks with a reading, within the last 12 - Exact sum: 18.8 + 21 + 15 + 7.5 = 62.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 3. Shakti Pumps (India) Ltd (SHAKTIPUMP): 44/100 — Mixed-negative evidence; evidence 88% - Growth & earnings 8.4/35 | Capital efficiency 17.1/25 | Valuation 6.5/20 | Relative strength 11.6/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of 10 weeks with a reading, within the last 12 - Exact sum: 8.4 + 17.1 + 6.5 + 11.6 = 43.6 - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. ## Market action Shakti Pumps (India) Ltd has the strongest one-year price move in Solar Pumps at -42.4%. It also leads on Mansfield relative strength against NIFTY at -21.2%. 0 of 2 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31. ### Strongest one-year price performers 1. Shakti Pumps (India) Ltd (SHAKTIPUMP): -42% 2. Oswal Pumps Ltd (OSWALPUMPS): -56% ### Strongest relative strength versus NIFTY 500 1. Shakti Pumps (India) Ltd (SHAKTIPUMP): -21% 2. Oswal Pumps Ltd (OSWALPUMPS): -36% ## Revenue Scale & Growth Durability What the numbers say: Shakti Pumps (India) Ltd is the scale leader at ₹2,934 crore, 42.1% ahead of Oswal Pumps Ltd. GK Energy Ltd's growth is 56.7% from a ₹1,716 crore base, with 12 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Shakti Pumps (India) Ltd is the scale benchmark; GK Energy Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Shakti Pumps (India) Ltd's growth falls below GK Energy Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Shakti Pumps (India) Ltd · ₹2,934 crore | 42.1% versus #2 · Oswal Pumps Ltd | 7/8 recent comparable periods | 3/3 companies · 41 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Shakti Pumps (India) Ltd (SHAKTIPUMP): ₹2.9K Cr 2. Oswal Pumps Ltd (OSWALPUMPS): ₹2.1K Cr 3. GK Energy Ltd (GKENERGY): ₹1.7K Cr ### Revenue growth — fastest growers 1. GK Energy Ltd (GKENERGY): 57% 2. Oswal Pumps Ltd (OSWALPUMPS): 44% 3. Shakti Pumps (India) Ltd (SHAKTIPUMP): 14% ### 20-quarter Revenue history - SHAKTIPUMP: Sep 2021 ₹369 Cr | Dec 2021 ₹269 Cr | Mar 2022 ₹387 Cr | Jun 2022 ₹256 Cr | Sep 2022 ₹217 Cr | Dec 2022 ₹314 Cr | Mar 2023 ₹183 Cr | Jun 2023 ₹113 Cr | Sep 2023 ₹153 Cr | Dec 2023 ₹496 Cr | Mar 2024 ₹609 Cr | Jun 2024 ₹568 Cr | Sep 2024 ₹635 Cr | Dec 2024 ₹649 Cr | Mar 2025 ₹665 Cr | Jun 2025 ₹622 Cr | Sep 2025 ₹666 Cr | Dec 2025 ₹551 Cr | Mar 2026 ₹858 Cr | Jun 2026 ₹859 Cr - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹230 Cr | Jun 2024 ₹376 Cr | Sep 2024 ₹310 Cr | Dec 2024 ₹380 Cr | Mar 2025 ₹365 Cr | Jun 2025 ₹514 Cr | Sep 2025 ₹540 Cr | Dec 2025 ₹501 Cr | Mar 2026 ₹510 Cr | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹88 Cr | Sep 2023 ₹88 Cr | Dec 2023 ₹118 Cr | Mar 2024 ₹118 Cr | Jun 2024 ₹211 Cr | Sep 2024 ₹211 Cr | Dec 2024 ₹320 Cr | Mar 2025 ₹353 Cr | Jun 2025 ₹325 Cr | Sep 2025 ₹404 Cr | Dec 2025 ₹510 Cr | Mar 2026 ₹477 Cr | Jun 2026 — ### 20-quarter Revenue growth history - SHAKTIPUMP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 64% | Sep 2022 -41% | Dec 2022 17% | Mar 2023 -53% | Jun 2023 -56% | Sep 2023 -29% | Dec 2023 58% | Mar 2024 233% | Jun 2024 403% | Sep 2024 315% | Dec 2024 31% | Mar 2025 9.2% | Jun 2025 9.5% | Sep 2025 4.9% | Dec 2025 -15% | Mar 2026 29% | Jun 2026 38% - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 59% | Jun 2025 37% | Sep 2025 74% | Dec 2025 32% | Mar 2026 40% | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 140% | Sep 2024 140% | Dec 2024 171% | Mar 2025 199% | Jun 2025 54% | Sep 2025 91% | Dec 2025 59% | Mar 2026 35% | Jun 2026 — ## Operating Economics & Margin Trend What the numbers say: Oswal Pumps Ltd leads opm at 23%; GK Energy Ltd leads margin change at -1 percentage points. Investor read: Oswal Pumps Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: Oswal Pumps Ltd · 23% | 27.8% versus #2 · GK Energy Ltd | 1/5 recent comparable periods | 3/3 companies · 41 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Oswal Pumps Ltd (OSWALPUMPS): 23% 2. GK Energy Ltd (GKENERGY): 18% 3. Shakti Pumps (India) Ltd (SHAKTIPUMP): 10% ### Margin change — fastest expanders 1. GK Energy Ltd (GKENERGY): −1.0 pp 2. Oswal Pumps Ltd (OSWALPUMPS): −4.0 pp 3. Shakti Pumps (India) Ltd (SHAKTIPUMP): −13.0 pp ### 20-quarter OPM history - SHAKTIPUMP: Sep 2021 9.3% | Dec 2021 10% | Mar 2022 9.4% | Jun 2022 8.4% | Sep 2022 5.8% | Dec 2022 7.0% | Mar 2023 6.0% | Jun 2023 7.0% | Sep 2023 10% | Dec 2023 14% | Mar 2024 21% | Jun 2024 24% | Sep 2024 23% | Dec 2024 24% | Mar 2025 25% | Jun 2025 23% | Sep 2025 20% | Dec 2025 11% | Mar 2026 10% | Jun 2026 10% - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 20% | Jun 2024 27% | Sep 2024 33% | Dec 2024 31% | Mar 2025 27% | Jun 2025 27% | Sep 2025 24% | Dec 2025 25% | Mar 2026 23% | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 5.9% | Sep 2023 5.9% | Dec 2023 18% | Mar 2024 18% | Jun 2024 17% | Sep 2024 19% | Dec 2024 17% | Mar 2025 19% | Jun 2025 18% | Sep 2025 18% | Dec 2025 19% | Mar 2026 18% | Jun 2026 — ### 20-quarter Margin change history - SHAKTIPUMP: Sep 2021 −6.0 pp | Dec 2021 −5.6 pp | Mar 2022 −6.2 pp | Jun 2022 +0.3 pp | Sep 2022 −3.5 pp | Dec 2022 −3.2 pp | Mar 2023 −3.4 pp | Jun 2023 −1.4 pp | Sep 2023 +4.3 pp | Dec 2023 +7.0 pp | Mar 2024 +15.0 pp | Jun 2024 +17.0 pp | Sep 2024 +13.0 pp | Dec 2024 +10.0 pp | Mar 2025 +4.0 pp | Jun 2025 −1.0 pp | Sep 2025 −3.0 pp | Dec 2025 −13.0 pp | Mar 2026 −15.0 pp | Jun 2026 −13.0 pp - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 +7.0 pp | Jun 2025 0.0 pp | Sep 2025 −9.0 pp | Dec 2025 −6.0 pp | Mar 2026 −4.0 pp | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 +11.1 pp | Sep 2024 +13.5 pp | Dec 2024 −1.2 pp | Mar 2025 +0.8 pp | Jun 2025 +1.0 pp | Sep 2025 −1.4 pp | Dec 2025 +2.0 pp | Mar 2026 −1.0 pp | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: Oswal Pumps Ltd leads with ₹378 crore of TTM profit, 77.5% above Shakti Pumps (India) Ltd. GK Energy Ltd shows 52.2% growth from a ₹204 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Oswal Pumps Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: Oswal Pumps Ltd · ₹378 crore | 77.5% versus #2 · Shakti Pumps (India) Ltd | 5/5 recent comparable periods | 3/3 companies · 41 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. Oswal Pumps Ltd (OSWALPUMPS): ₹378 Cr 2. Shakti Pumps (India) Ltd (SHAKTIPUMP): ₹213 Cr 3. GK Energy Ltd (GKENERGY): ₹204 Cr ### Profit growth — fastest growers 1. GK Energy Ltd (GKENERGY): 52% 2. Oswal Pumps Ltd (OSWALPUMPS): 35% 3. Shakti Pumps (India) Ltd (SHAKTIPUMP): -48% ### 20-quarter Net profit history - SHAKTIPUMP: Sep 2021 ₹21 Cr | Dec 2021 ₹15 Cr | Mar 2022 ₹22 Cr | Jun 2022 ₹9 Cr | Sep 2022 ₹2 Cr | Dec 2022 ₹11 Cr | Mar 2023 ₹2 Cr | Jun 2023 ₹1 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹45 Cr | Mar 2024 ₹90 Cr | Jun 2024 ₹93 Cr | Sep 2024 ₹101 Cr | Dec 2024 ₹104 Cr | Mar 2025 ₹110 Cr | Jun 2025 ₹97 Cr | Sep 2025 ₹91 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹38 Cr | Jun 2026 ₹52 Cr - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹29 Cr | Jun 2024 ₹71 Cr | Sep 2024 ₹66 Cr | Dec 2024 ₹80 Cr | Mar 2025 ₹64 Cr | Jun 2025 ₹95 Cr | Sep 2025 ₹98 Cr | Dec 2025 ₹92 Cr | Mar 2026 ₹93 Cr | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 ₹3 Cr | Sep 2023 ₹3 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹15 Cr | Jun 2024 ₹26 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹37 Cr | Mar 2025 ₹45 Cr | Jun 2025 ₹37 Cr | Sep 2025 ₹47 Cr | Dec 2025 ₹61 Cr | Mar 2026 ₹59 Cr | Jun 2026 — ### 20-quarter Profit growth history - SHAKTIPUMP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 29% | Sep 2022 -90% | Dec 2022 -27% | Mar 2023 -91% | Jun 2023 -89% | Sep 2023 200% | Dec 2023 309% | Mar 2024 4,400% | Jun 2024 9,200% | Sep 2024 1,583% | Dec 2024 131% | Mar 2025 22% | Jun 2025 4.3% | Sep 2025 -9.9% | Dec 2025 -69% | Mar 2026 -65% | Jun 2026 -46% - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 121% | Jun 2025 34% | Sep 2025 48% | Dec 2025 15% | Mar 2026 45% | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 767% | Sep 2024 767% | Dec 2024 147% | Mar 2025 200% | Jun 2025 42% | Sep 2025 81% | Dec 2025 65% | Mar 2026 31% | Jun 2026 — ## Return On Capital Employed What the numbers say: GK Energy Ltd leads ROCE at 41.4%, 3.2 percentage points above Oswal Pumps Ltd. Shakti Pumps (India) Ltd has the strongest latest improvement at -26 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: GK Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: GK Energy Ltd · 41.4% | 8.4% versus #2 · Oswal Pumps Ltd | 1/3 recent comparable periods | 3/3 companies · 30 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. GK Energy Ltd (GKENERGY): 41% 2. Oswal Pumps Ltd (OSWALPUMPS): 38% 3. Shakti Pumps (India) Ltd (SHAKTIPUMP): 24% ### ROCE change — fastest improvers 1. Shakti Pumps (India) Ltd (SHAKTIPUMP): −26.0 pp 2. Oswal Pumps Ltd (OSWALPUMPS): −52.1 pp 3. GK Energy Ltd (GKENERGY): −55.4 pp ### 20-quarter ROCE history - SHAKTIPUMP: Sep 2021 33% | Dec 2021 — | Mar 2022 23% | Jun 2022 — | Sep 2022 20% | Dec 2022 — | Mar 2023 12% | Jun 2023 — | Sep 2023 9.0% | Dec 2023 21% | Mar 2024 27% | Jun 2024 57% | Sep 2024 47% | Dec 2024 78% | Mar 2025 48% | Jun 2025 60% | Sep 2025 33% | Dec 2025 37% | Mar 2026 22% | Jun 2026 — - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 20% | Jun 2024 — | Sep 2024 — | Dec 2024 82% | Mar 2025 81% | Jun 2025 127% | Sep 2025 31% | Dec 2025 50% | Mar 2026 29% | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 42% | Mar 2024 70% | Jun 2024 61% | Sep 2024 84% | Dec 2024 — | Mar 2025 89% | Jun 2025 — | Sep 2025 30% | Dec 2025 62% | Mar 2026 34% | Jun 2026 — ### 20-quarter ROCE change history - SHAKTIPUMP: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −13.2 pp | Dec 2022 — | Mar 2023 −11.1 pp | Jun 2023 — | Sep 2023 −10.8 pp | Dec 2023 — | Mar 2024 +15.3 pp | Jun 2024 — | Sep 2024 +38.3 pp | Dec 2024 +57.4 pp | Mar 2025 +20.8 pp | Jun 2025 +3.7 pp | Sep 2025 −13.9 pp | Dec 2025 −41.8 pp | Mar 2026 −26.0 pp | Jun 2026 — - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 +61.1 pp | Jun 2025 — | Sep 2025 — | Dec 2025 −31.9 pp | Mar 2026 −52.1 pp | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 +18.8 pp | Jun 2025 — | Sep 2025 −54.0 pp | Dec 2025 — | Mar 2026 −55.4 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: Oswal Pumps Ltd has the lowest comparable PEG at 0.26×, 58.7% below GK Energy Ltd. Only 3 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: Oswal Pumps Ltd · 0.26× | 58.7% versus #2 · GK Energy Ltd | 0/4 recent comparable periods | 3/3 companies · 8 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG 1. Oswal Pumps Ltd (OSWALPUMPS): 0.3 2. GK Energy Ltd (GKENERGY): 0.6 3. Shakti Pumps (India) Ltd (SHAKTIPUMP): 2.3 ### P/E — lowest P/E 1. Oswal Pumps Ltd (OSWALPUMPS): 10.0 2. GK Energy Ltd (GKENERGY): 12.8 3. Shakti Pumps (India) Ltd (SHAKTIPUMP): 30.2 ### 20-quarter PEG history - SHAKTIPUMP: Sep 2021 0.5 | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 2.3 | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.2 | Sep 2025 0.9 | Dec 2025 — | Mar 2026 0.3 | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 0.4 | Dec 2025 0.4 | Mar 2026 0.6 | Jun 2026 — ### 20-quarter P/E history - SHAKTIPUMP: Sep 2021 16.9 | Dec 2021 13.8 | Mar 2022 12.3 | Jun 2022 14.3 | Sep 2022 14.2 | Dec 2022 15.8 | Mar 2023 16.9 | Jun 2023 45.2 | Sep 2023 96.2 | Dec 2023 92.7 | Mar 2024 45.2 | Jun 2024 50.1 | Sep 2024 34.2 | Dec 2024 39.7 | Mar 2025 30.4 | Jun 2025 27.9 | Sep 2025 24.1 | Dec 2025 22.1 | Mar 2026 17.8 | Jun 2026 27.6 - OSWALPUMPS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 4.1 | Sep 2025 25.6 | Dec 2025 16.8 | Mar 2026 9.2 | Jun 2026 — - GKENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 20.7 | Dec 2025 18.8 | Mar 2026 8.9 | Jun 2026 — ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. ## Every company - Shakti Pumps (India) Ltd (SHAKTIPUMP) — market value ₹6.4K Cr; latest fundamentals Jun 2026 - Oswal Pumps Ltd (OSWALPUMPS) — market value ₹3.8K Cr; latest fundamentals Mar 2026 - GK Energy Ltd (GKENERGY) — market value ₹2.6K Cr; latest fundamentals Mar 2026 ## Source standing of each company Cross-checked: 3. Unverified: 0. Withheld: 0. Graded companies: 3. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-07-31. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Solar Pumps sector outperforming NIFTY 500? Solar Pumps has underperformed NIFTY 500 by 55.6% over 52 weeks and 10.1% over 13 weeks. 0 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 1 beat the sector itself. ### Which Solar Pumps company is largest by revenue? Shakti Pumps (India) Ltd leads with revenue of ₹2,934 crore, based on 3 of 3 comparable companies through Jun 2026. ### Which Solar Pumps company is growing fastest? GK Energy Ltd has the fastest current revenue growth at 56.7%, across 3 of 3 comparable companies. ### Which Solar Pumps company has the strongest 4-Factor Sector Score? GK Energy Ltd ranks first at 65.6/100 with 65.6% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Solar Pumps company has the lowest comparable PEG? Oswal Pumps Ltd has the lowest comparable PEG at 0.26, among 3 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything. ### How much history does this Solar Pumps comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### What is the Nifty Solar Pumps index? The Nifty Solar Pumps index tracks India's listed Solar Pumps companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Solar Pumps sector rather than to its largest constituent. Figures are as of Jun 2026. ### Which are the best Solar Pumps stocks in India? Ranked by this page's four-factor score, GK Energy Ltd places first among 3 listed Solar Pumps companies, followed by Oswal Pumps Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Solar Pumps stocks are listed in India? This comparison covers 3 listed Solar Pumps companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026. ### Which Solar Pumps company is the biggest? Shakti Pumps (India) Ltd is the largest, with trailing-twelve-month revenue of ₹2,934 crore, ahead of Oswal Pumps Ltd at ₹2,065 crore. That covers 3 of 3 companies with comparable reporting through Jun 2026. ### Which Solar Pumps company has the best profit margins? Oswal Pumps Ltd has the highest operating margin at 23%, from 3 of 3 comparable companies. GK Energy Ltd shows the biggest recent improvement, at -1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Solar Pumps company makes the most profit? Oswal Pumps Ltd earns the most, at ₹378 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. GK Energy Ltd has the fastest profit growth at 52.2%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Solar Pumps company earns the highest return on capital? GK Energy Ltd leads on return on capital employed at 41.4%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Solar Pumps stock is the cheapest? On PEG — where a LOWER number is cheaper — Oswal Pumps Ltd screens cheapest at 0.26×. Only 3 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own. ### Is the Solar Pumps sector beating the market? Solar Pumps has underperformed NIFTY 500 by 55.6% over the last 52 weeks and 10.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 2 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Solar Pumps stock has the strongest price momentum? Shakti Pumps (India) Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Solar Pumps company scores highest for research priority? GK Energy Ltd scores 65.6 out of 100 with 65.6% evidence confidence, from 20.1 points on growth and earnings, 20.5 on capital efficiency, 15 on valuation and 10 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Solar Pumps companies does this comparison cover, and over what period? It compares 3 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Solar Pumps sector? The 3 Solar Pumps companies on this page carry ₹12,798 crore of combined market value. Shakti Pumps (India) Ltd is the largest at ₹6,422 crore, about 50% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05. ### How is the Solar Pumps sector performing? 0 of the 2 covered Solar Pumps companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 55.6% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.