Oswal Pumps share price today

Oswal Pumps Ltd's share price was ₹229.29 at the close on 6 November 2026. It has been falling for 48 weeks. That is 37.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹202 and ₹671, and at that close it sat 6% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Oswal Pumps Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running.

Over the last 1 year the share price moved −63% while the NIFTY 500 moved −6%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the June 2026 quarter, revenue fell in the June 2026 quarter and indian funds and insurers (DIIs) cut their stake for 4 quarters in a row.

1. Profit fell in the June 2026 quarter

   Profit was ₹54 crore, -43.2% on a year earlier (₹95 crore), after 5 quarters of growth.

   Why: Profit fell because solar pump prices in tenders were lower and raw material costs were unstable.

   Next results: check whether the delayed PM-Kusum Two scheme becomes meaningful and improves pump pricing.

   From the earnings call on 29 Sep 2026.

2. Revenue fell in the June 2026 quarter

   Revenue was ₹474 crore, -7.8% on a year earlier (₹514 crore), after 5 quarters of growth.

   Why: Revenue fell because the new PM-Kusum scheme was delayed, leaving fewer government pump orders, and the company was leaning on rooftop, private, channel and export work to bridge the gap.

   From the earnings call on 29 Sep 2026.

3. Indian funds and insurers (DIIs) cut their stake for 4 quarters in a row

   From 9.8% to 2% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Oswal Pumps reported revenue of ₹474 crore, down 7.8% from ₹514 crore a year earlier, and a profit of ₹54.0 crore, down 43.2% from ₹95.0 crore.

Oswal Pumps results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Oswal Pumps' management discussed these results on a call held on 29 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Oswal Pumps closed at ₹229.29 on 6 November 2026, down 67.5% from ₹705.50 a year earlier (7 November 2025). Its highest weekly close since June 2025 was ₹873.80 on 22 August 2025.

Oswal Pumps share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

76 weekly closes from 20 June 2025 to 6 November 2026.

6 Nov 2026: Oswal Pumps closed at ₹229.29, up 13.5% on the week and down 9.9% on the month. 29 Sep 2026: Oswal Pumps held its results call for April to June 2026. Management guided: FY27 revenue growth of 20-25% retained; order-book execution supports visibility through March, but Bihar supplies may be booked in the asset block rather than sales.

Earlier

• Results for April to June 2026: Revenue down 7.8% and profit down 43.2% on a year earlier.

Oswal Pumps has paid no dividend on the NSE since its first NSE close in our records (20 June 2025), the start of the period we checked.

No. Oswal Pumps Ltd paid out 0% of its profit as dividends in each of its last 5 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 29 September 2026, Oswal Pumps' management guided: FY27 revenue growth of 20-25% retained; order-book execution supports visibility through March, but Bihar supplies may be booked in the asset block rather than sales.

“By the end of FY27, I see our cash flow becoming clearly positive, and meaningfully positive. - Vivek Gupta”Chairman & Managing Director, on the call for April to June 2026

What management guided

• FY27 operating margin broadly maintained at Q1 level; diversified projects carry lower margins than pumping, with further pressure possible from geopolitics.
• PM-Kusum Two assumed introduced by November, with tendering from November-December and meaningful activity in Q4; tender pricing expected somewhat better.
• Non-government mix planned from approximately 15% currently to 30-35% in FY28; FY28-FY30 growth 25-30% annually and FY30 revenue visibility ₹4,000-5,000 crores.
• Receivables expected to improve from Q3, streamline from Q4, and cash flow become clearly positive by the end of FY27.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 29 September 2026.

When Oswal Pumps reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Current-year reported revenue versus physical supply - check Bihar accounting treatment and whether annual growth remains on track.

Oswal Pumps is on 2 of our India lists: 52 week high & low and Power & green energy stocks.

Oswal Pumps Ltd earned ₹54.0 Cr of net profit in the Jun 2026 quarter, −43.2% on the same quarter a year earlier. Full-year FY26 profit was ₹376 Cr. Over 4 years profit has grown 116.9% a year on average. That is 11.4% of the quarter's revenue. The same quarter a year earlier earned ₹95.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹376 Cr (+33.8% on the year before).

Why profit moved: revenue changed −7.8% on a year earlier and the margin moved −11.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +16.4% and revenue +34.5%. Profit is growing slower than sales: rising costs are taking part of the growth.

Oswal Pumps Ltd reported ₹474 Cr of revenue in the Jun 2026 quarter, −7.8% on the same quarter a year earlier. Over 4 years it has grown 54.7% a year on average. The last full year, FY26, came in at ₹2,064 Cr. The last four reported quarters add to ₹2,025 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹2,064 Cr, +44.3% on the year before.

Recent pace: the last four quarters grew +34.5% on average, against 54.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Oswal Pumps Ltd's operating margin was 16.0% in the Jun 2026 quarter, 11.0 percentage points lower than the same quarter a year ago. Across 5 years it has been between 11.0% and 29.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −11.7 percentage points on the year while gross margin changed −7.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years Oswal Pumps Ltd's operations used more cash than they brought in, so cash conversion was −28%, a gap worth watching. In FY26 its operations used ₹77.0 Cr of cash, against ₹376 Cr of profit. After ₹88.0 Cr of spending on assets, free cash was −₹165 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −28% of profit came in as cash: the cash cycle got 149 days longer between FY22 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 149 days longer. The next section looks at where the cash is stuck.

Oswal Pumps Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 218 days in FY26, up from 69 days in FY22. It spent ₹160 Cr on assets over the last 3 years. Customers take 199 days to pay, and stock sits for 64 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,064 Cr, each day of that cycle ties up about ₹5.7 Cr, so roughly ₹1,233 Cr is tied up in the business at any time.

FY26: customers took 199 days to pay and stock sat for 64 days, about 2.1 months of sales sitting as stock, for a full cycle of 218 days, longer than FY22's 69.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 64 days. Customers pay about 199 days after that. Suppliers are paid at 46 days. Together that makes the 218-day cycle.

Spending on assets: ₹160 Cr over the last 3 years, against ₹38.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹44.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Oswal Pumps Ltd's P/E is 7.8×, near the low end of its own history: it has been lower only 17% of the time. Its usual P/E (the middle reading) is 12.1×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +17.0% while the price moved −67.5%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Oswal Pumps Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 7 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Oswal Pumps Ltd earned a ROCE of 36% in FY26. Its return on capital used (ROIC) is 8.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 18.2% net margin and 0.96× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 18.2% net margin × 0.96× asset turnover × 1.28× leverage (assets divided by equity) ≈ 22.4% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 20.0% − 12.0% = +8.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 20.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 28.1%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Oswal Pumps Ltd has total debt of ₹237 Cr against shareholder equity of ₹1,683 Cr as of Jun 2026, so its debt is 0.14× its equity, which is very little. Year by year, that ratio went from 0.44 in FY24 to 0.14 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions cut their stake in Oswal Pumps Ltd by 7.2 percentage points over 5 quarters, the biggest change among its owners. Domestic institutions now own 2.0% of the company. Foreign institutions moved −4.3 points over the same period, to 0.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −7.2 points over 5 quarters, to 2.0%; Foreign institutions: −4.3 points over 5 quarters, to 0.1%; Promoters: +0.0 points over 5 quarters, to 75.7%.

Why the owners changed: domestic institutions drove it (−7.2 points), together with foreign institutions (−4.3 points). They reduced their stake.

For Oswal Pumps Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

53.4 out of 100, rank 2 of 3 in Solar Pumps, with 71% of the evidence available.

Oswal Pumps Ltd scores 53.4 out of 100 against the 3 companies it is compared with in Solar Pumps, ranking 2. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

The four parts add up to the total exactly: 13.7 + 18.9 + 13.3 + 7.5 = 53.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Oswal Pumps ranks 2 of 3 Solar Pumps companies on the 4-Factor Sector Score, with 53.4 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Solar Pumps, all 3 compared on one page.

Oswal Pumps is the 2nd largest of 3 Solar Pumps companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Shakti Pumps (India). Just below it: GK Energy.

Solar Pumps companies close in size

1. Shakti Pumps (India) Ltd ₹4,364 crore
2. Oswal Pumps Ltd ₹2,303 crore
3. GK Energy Ltd ₹1,945 crore

All 3 Solar Pumps companies, largest first

Companies close in size in other industries

1172. Apollo Pipes Ltd ₹2,311 crore · Building Materials - Plastic Pipes
1173. Sai Parenterals Ltd ₹2,306 crore · Pharma - Formulators
1174. Oswal Pumps Ltd ₹2,303 crore
1175. Sirca Paints India Ltd ₹2,303 crore · Building Materials - Paints
1176. Sundrop Brands Ltd ₹2,302 crore · FMCG - Foods

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.