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OSWAL PUMPS LIMITED (OSWALPUMPS)

Producer Manufacturing · Industrial Machinery · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.83 / 100
Profitability 84Balance sheet 82
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.7 / 100
Price 7Earnings 13FII/DII 2

Passes these screensQuality CompounderValue PickDebt-light & profitable

Compare withWELSPUN CORPVOLTASTHERMAX

Share price

Closing priceAdjusted for splits and bonus issues.

₹230.82 latest close · −43.6% over the last 90 sessions

₹200₹300₹400Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹200₹300₹400Jul 3Sep 4Nov 9

₹230.82 month-end · −58.1% over 12 months

₹200₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹400Nov '25May '26Nov '26

₹230.82 month-end · −67.2% since Jun '25

₹200₹400₹600₹800Jun '25Sep '25Jan '26Apr '26Aug '26Nov '26 ₹200₹400₹600₹800Jun '25Mar '26Nov '26

52-week range ₹201.00 to ₹721.85 · 1-year volatility 46.1%

Was the rally earned?

-58%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 0 points, but investors now pay less per rupee of profit (P/E 18.7x to 7.8x), which took 58 points back.
  • The share count rose 10%.
Net profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6 ptsNet profit growthP/E change: −58 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−58 ptsP/E changeShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6 ptsShare count changeShare price: −58%−58%Share priceNet profit growth: +6 pts. Points of the price return explained by net profit growing (or shrinking).+6ProfitP/E change: −58 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−58P/EShare count change: −6 pts. Points of the price return explained by the share count changing. More shares count against the price.−6SharesShare price: −58%−58%Share price
Net profit growth+6 ptsNet profit rose about 10%, which lifts the price.
P/E change-58 ptsThe P/E fell from 18.7x to 7.8x, which lowers the price.
Share count change-6 ptsShare count rose 10%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with WELSPUN CORP

How rough has the ride been?

Maximum drawdown-76.9%not yet recovered
1-year volatility46.1%annualised
Volume spikes1last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−25%−50%−75%2026−76.9% 0%−25%−50%−75%2026−76.9%
Largest drawdowns

-76.9% (2025-08 peak to 2026-10 low, not yet recovered)

Most recent volume spikes

2026-07-06: 5.2x the 50-day median, price +4.0% that day

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE93rd▼ 6 pts vs a year ago
  • Op. margin75th▼ 20 pts vs a year ago
  • Revenue growth79th
  • EPS growth41st
  • Debt/equity ↓62nd▲ 51 pts vs a year ago
  • Cash cycle ↓21stflat vs a year ago
  • P/E ↓97th▲ 18 pts vs a year ago
  • 12M momentum3rd

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~5%annual earnings growth implied by the price

At a P/E of 7.8x, the price would imply about 5.0%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹230.82
P/E
7.8x
ROCE
36.0%
Market Cap
₹2632 cr
Revenue (TTM)
₹2025 cr
P/S
1.3x
P/B
1.6x
ROE
19.9%
Operating Margin
16.0%
Debt / Equity
0.1x
Promoter Holding
75.7%
12M Momentum
-58.1%

52-week range

₹201.00₹721.85
6% of the way from its 52-week low to its high

Price risk

1Y volatility
46.1%
Beta vs sector
1-year daily
1.29

Balance sheet & cash

Interest cover
operating profit ÷ interest
14.7x
Cash from profit, 3Y
operating cash flow ÷ net profit
-0.28x
low
Share count, 1Y
+10.0%

Are profits backed by cash?

3 of 5checks within range1 beyond a threshold
Other income reliance7%Within range

Other income as a share of pre-tax profit (trailing twelve months): 6.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate24%Within range

Median quarterly effective tax rate over about 2.5 years: 23.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.28xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.28x (cash from operations ₹-211 cr, net profit ₹755 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress27% of fixed assetsWithin range

Capital work-in-progress is 27% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Since Jun 2025, FIIs trimmed 4.3 pts; DIIs trimmed 3.6 pts.
  • The number of shareholders rose from 99,343 to 1.1 lakh (+12%) between Jun 2025 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupJun '25Jun '26Change
Promoters75.7%75.7%0.0 pts
FIIs4.4%0.1%-4.3 pts
DIIs9.1%5.5%-3.6 pts
Public and others10.8%18.8%+8.0 pts

Number of shareholders

1.1 lakhshareholders+12% since Jun '25
91k98k1.0L1.1L Jun '25Sep '25Dec '25Mar '26Jun '26
Jun '25: 99,343
Sep '25: 90,755
Dec '25: 1.0 lakh
Mar '26: 1.0 lakh
Jun '26: 1.1 lakh
 91k98k1.0L1.1L Jun '25Dec '25Jun '26
Jun '25: 99,343
Sep '25: 90,755
Dec '25: 1.0 lakh
Mar '26: 1.0 lakh
Jun '26: 1.1 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−8.5%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like OSWAL PUMPS LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −27% to +13% vs the market, against −1% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −7.2%, 80% range −17.4% to −4.7%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SHEMAROO · Jan 2020: −64.6% vs market
PARAGON · Jan 2025: −56.4% vs market
ECOSMOBLTY · Oct 2025: −48.6% vs market
DIGIKORE · May 2025: −44.9% vs market
IPL · Mar 2024: −36.4% vs market
COSMOFIRST · Apr 2023: −34.3% vs market
JAIBALAJI · May 2025: −32.8% vs market
LUXIND · May 2022: −32.3% vs market
APTECHT · May 2024: −31.6% vs market
MOL · May 2023: −31.2% vs market
MANALIPETC · Apr 2023: −30.6% vs market
BALAXI · Dec 2023: −28.9% vs market
VEEDOL · May 2022: −26.6% vs market
TANLA · Dec 2024: −25.9% vs market
PPL · Aug 2025: −22.5% vs market
HSCL · Mar 2020: −21.3% vs market
RAMCOSYS · May 2022: −21.1% vs market
MOLDTECH · Mar 2024: −21.0% vs market
VALIANTORG · May 2022: −19.4% vs market
VAIBHAVGBL · May 2022: −17.9% vs market
NUCLEUS · Dec 2024: −14.8% vs market
IGPL · Oct 2022: −14.5% vs market
SHAREINDIA · Apr 2025: −13.9% vs market
KHAICHEM · Feb 2023: −10.6% vs market
SJLOGISTIC · Oct 2025: −9.1% vs market
GREENPANEL · Feb 2023: −8.0% vs market
FOCUS · Aug 2024: −7.5% vs market
AARTIDRUGS · Apr 2022: −7.5% vs market
VTL · Feb 2023: −6.8% vs market
KRBL · May 2021: −3.2% vs market
TIRUMALCHM · Oct 2022: −3.2% vs market
EKC · Dec 2022: −1.0% vs market
FAIRCHEMOR · Feb 2023: +4.4% vs market
PUNJABCHEM · May 2023: +4.7% vs market
ARIHANTCAP · Apr 2023: +7.6% vs market
CHEMPLASTS · Oct 2022: +7.8% vs market
WELCORP · Jan 2021: +12.9% vs market
IIFLCAPS · Sep 2022: +13.5% vs market
MOREPENLAB · Oct 2022: +14.0% vs market
SUPRIYA · Feb 2023: +16.4% vs market
GLOBUSSPR · May 2024: +28.6% vs market
SATIA · May 2021: +28.8% vs market
BODALCHEM · May 2020: +36.3% vs market
MARKSANS · Apr 2022: +52.2% vs market
EPIGRAL · Sep 2023: +58.5% vs market
JUSTDIAL · Aug 2020: +61.1% vs market
IMFA · Oct 2022: +64.8% vs market
ORBTEXP · Mar 2021: +72.9% vs market
KITEX · Feb 2021: +85.9% vs market
BLS · Apr 2020: +93.8% vs market
Similar setups −8.5%All companies −1.3%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months

Similar setups' median
−8.5%
All companies' median
−1.3%
Beat the market
36% vs 49%

50 past situations · 50 companies · 28 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
MARKSANS
Health Technology		 Apr 2022 9x38% −25%−43% +52%
WELCORP
Producer Manufacturing		 Jan 2021 5x30% −30%−47% +13%
KRBL
Process Industries		 May 2021 9x21% +12%−33% −3%
FOCUS
Producer Manufacturing		 Aug 2024 19x39% −28%−48% −8%
EKC
Producer Manufacturing		 Dec 2022 4x41% −58%−64% −1%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SATIA
Process Industries		 May 2021 9x23% +8%−37% +29%
BALAXI
Health Technology		 Dec 2023 10x37% −29%−32% −29%
EPIGRAL
Process Industries		 Sep 2023 12x32% −30%−40% +59%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/S and ROCE. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to OSWAL PUMPS LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

JUBILANT AGRI CONS PRODUCTJUBLCPL
Process Industries
63%similar
market caprevenue
DDEV PLASTIKS INDUSTRIESDDEVPLSTIK
Process Industries
59%similar
market cappromoter holding
CHAMAN LAL SETIA EXPORTSCLSEL
Process Industries
58%similar
debt/equityP/E
SESHAASAI TECHNOLOGIESSTYL
Commercial Services
57%similar
promoter holdingvolatility
SRM CONTRACTORSSRM
Industrial Services
55%similar
P/EROCE
GK ENERGYGKENERGY
Producer Manufacturing
83%similar
operating marginpromoter holding
FEDERAL MOGUL GOETZE INDIAFMGOETZE
Producer Manufacturing
49%similar
market caprevenue
M AND B ENGINEERINGMBEL
Producer Manufacturing
49%similar
debt/equityrevenue

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

10 events since Dec '25

  1. OctPriceFell 77% from the Aug 2025 peak to the Oct 2026 low.
  2. OctPeer rankSlipped to the 2nd quartile of Producer Manufacturing on operating margin (from the top quartile).
  3. SepPeer rankSlipped to the 3rd quartile of Producer Manufacturing on EPS growth (from the 2nd quartile).
  4. JulDebtDebt / equity halved over 12 months to 0.14x.
  5. JulPriceVolume reached 5.2x its 50-day median on 2026-07-06; price +4.0% that day.
  6. JunInstitutionsFII + DII holding fell 6.1 pts over 2 quarters to 7.4%.
  7. JunDebtDebt / equity fell below 1.0x (0.14x).
  8. JunSharesShare count is up 10.0% over 12 months.
Show 2 earlier events
  1. MarPriceVolume reached 8.1x its 50-day median on 2026-03-11; price +5.8% that day.
  2. DecPriceVolume reached 7.2x its 50-day median on 2025-12-11; price +6.5% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history18 months · 2025-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-117.8x₹2025 cr19.9%36.0%0.1x
2026-106.9x₹2025 cr20.0%36.0%0.1x
2026-099.1x₹2025 cr20.0%36.0%0.1x
2026-088.9x₹2065 cr22.5%36.0%0.1x
2026-0710.0x₹2065 cr22.5%36.0%0.1x
2026-0612.8x₹2065 cr22.5%36.0%0.1x
2026-0511.6x₹1920 cr75.5%69.0%1.0x
2026-0413.2x₹1920 cr75.5%69.0%1.0x
2026-039.3x₹1920 cr75.5%69.0%1.0x
2026-0210.1x₹1799 cr72.9%69.0%1.0x
2026-0112.6x₹1799 cr72.9%69.0%1.0x
2025-1216.8x₹1799 cr72.9%69.0%1.0x
2025-1118.7x₹1569 cr66.0%69.0%1.0x
2025-1024.7x₹1569 cr66.0%69.0%1.0x
2025-0924.5x₹1569 cr66.0%69.0%1.0x
2025-0828.1x₹1431 cr60.8%69.0%1.0x
2025-0726.4x₹1431 cr60.8%69.0%1.0x
2025-0625.0x₹1431 cr60.8%69.0%1.0x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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