Synopsis: The shares of this small-cap pump stock were in focus following the company announcing the bagging of an Rs 180 crore order for the supply of an additional 6,500 off-grid DC solar photovoltaic water pumping systems from MSEDCL.
This company, which is one of the leading manufacturers and distribution firms of various pumps meeting agricultural, domestic, as well as industrial requirements, was in the news today, as it has managed to attract yet another major order to its list. The latest order not only attests to this company’s excellent execution abilities but also to the consistent demand for its offerings in the market.
With the market cap of Rs 6,154 crore, the shares of Oswal Pumps Ltd had hit their intraday high at Rs 549.80, gaining about 4 per cent compared to their previous day’s closing price of Rs 530.75. The shares are trading at a PE of 18.3, whereas their industry PE is at 39.8.
About the order.
Oswal Pumps has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of an additional 6,500 off-grid DC solar photovoltaic water pumping systems under the PM-KUSUM B scheme (Magel Tyala Saur Krushi Pump Yojana). The order is valued at approximately Rs 180 crore and is to be executed over a one-year period, offering strong revenue visibility in the near term.
The scope of work is end-to-end and includes design, manufacturing, supply, transportation, installation, testing, and commissioning of solar pumps with 3 HP, 5 HP, and 7.5 HP capacities at farmer sites across Maharashtra. The contract also includes five years of warranty, repair and maintenance, and a Remote Monitoring System (RMS), which adds a service element to the overall execution.
Strategically, the empanelment strengthens Oswal Pumps’ presence in the solar irrigation and renewable energy space, an area backed by sustained government support and rising adoption among farmers. The order underlines the company’s execution capabilities at scale and reinforces its positioning within India’s push toward clean energy-based agricultural infrastructure.
Financials and about the company.
The revenue from operations for the company stands at Rs 540 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 310 crores, up by about 74 per cent YoY. Similarly, the net profit stood at Rs 98 crore in Q2 FY26, up from Rs 66 crore in Q2 FY25, giving a growth rate of about 48 per cent YoY.
Oswal Pumps Limited was established in the year 2003 and is one of the fast-growing companies in the Indian market that is engaged in the manufacturing of solar pumping solutions. The company has an extended product range that is inclusive of solar pumps, submersible and monoblock pumps, pressure and sewage pumps, and electric motors.
The major manufacturing facility of the company is established over an area of more than 41,000 sq. mt and is located near the agri-states of India, like Haryana, Punjab, and Uttar Pradesh, and acts as a strategic location for the business.
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