Oswal Pumps Limited — PPTs, 04-08-2025: Investor Presentation

**Financial Highlights:**

Oswal Pumps reported a stellar Q1 FY26 with record Operating Income of ₹513.9 Cr (up 36.8% YoY), Operating EBITDA of ₹140.8 Cr (up 38.7% YoY, 27.4% margin), and PAT of ₹94.7 Cr (up 34.2% YoY, 18.4% margin). Balance sheet strengthened to a net cash position of ₹8.9 Cr. Annualized RoNW and RoCE stood strong at 41.6% and 50.6% respectively.

**Strategic Initiatives & Growth Drivers:**

The company is deploying IPO proceeds, with ₹308.48 Cr already used for capital expenditure and debt reduction. Key growth initiatives include expanding solar module capacity by 1,500 MW and integrating more manufacturing processes. Management targets robust revenue growth of 50-60% this fiscal and 30-35% medium term.

**Business Developments:**

Oswal successfully executed 48,915 solar pumping system orders directly under the PM-KUSUM Scheme. A solid order book of 29,961 pumps indicates future revenue. New initiatives like "Oswal Shoppe" (320 stores) boost retail presence. The company is diversifying into industrial pumps and expanding geographically.

**Market Position & Competitive Advantage:**

As a vertically integrated leader, Oswal holds a significant 31% life-to-date market share in PM-KUSUM scheme installations. Its extensive network of 1,166 distributors and strong agricultural belt presence provide a competitive edge.

**Investor Implications:**

Strong financial performance, a robust order book, and strategic investments in capacity and vertical integration point to positive growth potential. The shift to a net cash position enhances financial stability, making it an attractive prospect in the evolving solar pump market.