Oswal Pumps Limited · NSE:OSWALPUMPS
Oswal Pumps — Q3 FY26 Earnings Presentation
36 slides from Oswal Pumps's earnings presentation
Slide 1: Oswal Pumps Limited Q3 FY26 & 9M FY26 Investor Presentation
OSWAL PUMPS LIMITED Q3 FY26 & 9M FY26 Investor Presentation
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. I
Slide 3: Agenda
Agenda Company Robust 01 Snapshot 04 Financials Financial 02 Highlight 05 Annexures Why Oswal 03 Pumps?
Slide 4: Company Snapshot
Company 01 Snapshot
Slide 5: Management Commentary
Management Commentary “We are pleased to report Operating Income of ₹5,011 million in Q3 FY26 and ₹15,547 million in 9M FY26, representing YoY growth of 31.9% and 45.9%, respectively. This strong performance was primarily driven by the consistent execution of projects under the PM KUSUM scheme. Oper
Slide 6: One of the Fastest Growing Vertically Integrated Solar Pump Manufacturers in India
One of the Fastest Growing Vertically Integrated Solar Pump Manufacturer in India Fully integrated turnkey providers of solar pumping systems, with comprehensive backward integration encompassing pumps, motors, solar panels, mounting structures, and balance of system (BoS) kits Key Highlights Key Pr
Slide 7: Oswal Pump's Timeline
• New manufacturing plant was • Empaneled with state-owned set up in Karnal, Haryana for power distribution utility • Started participating directly in pumps and electric motors. companies to supply about 40,000 government tenders pertaining to 2012 submersible motor pumps and solar EPC operations i
Slide 8: Details of Manufacturing Facilities
Details of Manufacturing Facilities Facility for manufacturing pumps and Facility for manufacturing Manufacturing electric motors solar modules Facility Facility for manufacturing pumps and electric motors • Year of commencement of operations: 2010 • Year of commencement of operations: 2024 • Total
Slide 9: Financial Highlight
Financial 02 | Highlight
Slide 10: Financial Highlights – Q3 FY26 & 9M FY26
Financial Highlights – Q3 FY26 & 9M FY26 Particulars (INR mn) Revenue from Operations Operating EBITDA* Profit before Tax Profit after Tax Q3 FY26 5,011 1,271 1,192 916 Growth (YoY) 31.9% 7.3% 14.2% 13.9% Growth (QoQ) (7.1%) (0.7%) (5.7%) (6.1%) Margin % 25.4% 23.5% 18.0% 9M FY26 15,547 3,958 3,707
Slide 11: Financial Highlights – Q3 FY26 & 9M FY26
Financial Highlights – Q3 FY26 & 9M FY26 Particulars 31-Mar-25 30-Sep-25 31-Dec-25 RONW(%)1 ROCE(%)4 93.0% 82.5% Net Worth1 4,433 14,778 15,704 40.0% 37.6% 45.9% 41.9% Total Borrowings 3,235 1,158 2,021 Cash & Cash Equivalents 11 489* 138* Mar'25 Sep'25 Dec'25 Mar'25 Sep'25 Dec'25 Net Debt 3,223 669
Slide 12: Why Oswal Pumps
Why Oswal 03 Pumps
Slide 13: Why Oswal Pumps?
Why Oswal Pumps? Industry Comprehensive Tailwinds Product Portfolio Vertically Integrated Enhanced Engineering & Manufacturing Competencies Design Capabilities Extensive Distribution Strong Presence in Major Network Agricultural Belts of India Experienced Tapping Opportunities Government Management
Slide 14: Industry Tailwinds (1/3)
Industry Tailwinds (1/3) India Pumps Market India Pumps Market Size (US$ bn,(INR bn)}1 Pump Exports From India (US$ bn)1 Indian Solar Pumps Market Size 2% Agricultural Industrial Residential 10% 8.0 1.4 1.4 0.4 1.3 $ 1.9 bn $ 3.2 bn 1.2 FY25 6.0 CAGR 1.2 FY30P 2.1 FY-25-30P 0.2 0.9 0.9 4.0 14.9% 98%
Slide 15: Industry Tailwinds (2/3)
Industry Tailwinds (2/3) India Offers a Vast Potential for Installation of Solar Pumps The combined market potential for installing solar pumps, encompassing both the replacement of diesel pumps and providing pumps to those without access, stands at an impressive approximately INR 3,600 billion (US$
Slide 16: Industry Tailwinds (3/3)
Industry Tailwinds (3/3) Global Pumps Market The global pump market was US$ 71.7bn in 2024 and is expected to reach US$ 94.0bn by 2029, growing at a CAGR of 5.6% between 2024-20291 Global Pumps Market Size (US$ bn)1 Global Pumps Market Segments (US$ bn)1 CAGR CY18-24 Agricultural Industrial Resident
Slide 17: Vertically Integrated Manufacturing Competencies
Vertically Integrated Manufacturing Competencies End-to-end pump manufacturing capabilities having undertaken extensive backward Continue to focus on backward integration by increasing in-house integration initiatives over the years, providing Oswal Pumps with competitive advantages manufacturing of
Slide 18: Enhanced Engineering and Design Capabilities
Enhanced Engineering and Manufacturing facility is housed with advanced machines and equipment's Design Capabilities Complete control over the entire value chain, from design and manufacturing to installation and commissioning and providing end-to-end services In-house tool room used to repair & mai
Slide 19: Tapping Opportunities under Government Schemes (PM-KUSUM) (1/4)
Tapping Opportunities under Government Schemes (PM-KUSUM) (1/4) One of the Largest Suppliers of Agri-Solar Powered Pumps under the PM KUSUM Scheme Within five years of supplying solar powered agricultural pumps, emerged as one of the largest suppliers of solar powered agricultural pumps under the PM
Slide 20: Tapping Opportunities under Government Schemes (PM-KUSUM) (2/4)
Tapping Opportunities under Government Schemes (PM-KUSUM) (2/4) Continue to Focus on Government Schemes and Maintain Leadership Position Leverage the pump and solar module manufacturing capabilities to capitalize on the growth opportunities provided by the PM KUSUM Scheme and also tap into the growi
Slide 21: Tapping Opportunities under Government Schemes (PM-KUSUM) (3/4)
Tapping Opportunities under Government Schemes (PM-KUSUM) (3/4) Number of Pumps Supplied Particulars FY23 FY24 FY25 9M FY26 Solar pumps forming part of Turnkey Solar Pumping Systems1 supplied directly by us - 9,383 36,046 11,795 under the PM Kusum Scheme (A) Solar pumps supplied as part of Turnkey S
Slide 22: Tapping Opportunities under Government Schemes (PM-KUSUM) (4/4)
Tapping Opportunities under Government Schemes (PM-KUSUM) (4/4) Revenue* from the supply of Solar Pumps directly and indirectly for the PM Kusum Scheme Particulars (in INR mn) FY23 FY24 FY25 9M FY26 Revenue from the supply of the Turnkey Solar Pumping Systems** directly by us under - 3,274 9,611 3,5
Slide 23: Comprehensive Product Portfolio
Comprehensive Product Portfolio Wide range of solar-powered and grid-connected submersible and Monoblock pumps, electric motors as well as solar modules under the ‘Oswal’ brand Wide Product Range Ability to service customers across segments % of Revenue* FY23 FY24 FY25 9M FY26 Agriculture 90.9% 96.1
Slide 24: Extensive Distribution Network
Extensive Distribution Network Extensive network of 1,307 distributors in India has enabled to serve customers across India. The robust distribution network in India helps distinguish from the competition in the industry where a lack of well-developed distribution channels can pose significant barri
Slide 25: Strong Presence in Major Agricultural Belts in India
Strong Presence in Major Agricultural Belts in India Strong presence in North India particularly in the major agricultural states such as Haryana and presence in other regions in India such as Maharashtra, Uttar Pradesh, Rajasthan, Chhattisgarh and Punjab % of Revenue* FY23 FY24 FY25 9M FY26 Haryana
Slide 26: Experienced Promoter and Senior Management Team
Experienced Promoter and Senior Management Team The strength of the Board and Senior Management and their experience has enabled the company to take advantage of Market opportunities and better serve customers Board of Directors Key Managerial Personnel Amulya Gupta Whole-time Director Anish Kumar C
Slide 27: Robust Financials
Robust 04 Financial
Slide 28: Robust Financials
Robust Financials Revenue From Operations Gross Profit & Margin Operating EBITDA1 & Margin In Rs. Millions In Rs. Millions & % In Rs. Millions & % 58.3% 81.2% 121.7% 4,199 15,547 660 0 6,314 6,158 50. 00% 450 0 3,958 35. 00% 14,303 45. 00% 400 0 30. 00% 560 0 350 0 33.7% 40. 00% 19.8% 25. 00% 29.5%
Slide 29: Summary of Profit and Loss Statement
Summary of Profit and Loss Statement Particulars (INR mn) Q3 FY26 Q3 FY25 YoY Q2 FY26 QoQ 9M FY26 9M FY25 YoY FY25 Revenue from Operations 5,011 3,797 31.9% 5,396 (7.1%) 15,547 10,657 45.9% 14,303 Operating EBITDA1 1,271 1,184 7.3% 1,280 (0.7%) 3,958 3,210 23.3% 4,199 Operating EBITDA Margin2 (%) 25
Slide 30: Annexures
05 | Annexures
Slide 31: Installed Capacity and Capacity Utilization
Installed Capacity and Capacity Utilization FY23 FY24 FY25 9M FY26 Category Installed Capacity Installed Capacity Installed Capacity Installed Capacity Capacity Utilization Capacity Utilization Capacity Utilization Capacity Utilization* in MT % in MT % in MT % in MT % Pumps and Motors1 Stainless Ste
Slide 32: Cash Conversion Cycle
Cash Conversion Cycle Particulars Mar’25 Sep’25 Dec’25 Receivable Days1 111 138 157* Inventory Days2 43 36 36 Payable Days3 19 17 16 Cash Conversion Cycle4 135 157 177 *The increase in the receivable cycle is primarily attributable to delays in payments from state nodal agencies. Management expects
Slide 33: Shareholding Summary
Shareholding Summary As on December 31, 2025 75.7% Promoter & Promoter Group 9.9% Others 3.0% Body Corporates 8.8% DIIs (MFs, AIFs, NBFCs) 2.6% FIIs
Slide 34: IPO Fund Utilization
IPO Fund Utilization Total Un-utilized Amount to be utilized Amount Utilized as on Objects of the Issue as per Prospectus amount as on from Net Proceeds* 31.12.2025 31.12.2025 Funding certain capital expenditure of our Company 898.60 135.28 763.32 Investment in our wholly-owned subsidiary, Oswal Sol
Slide 35: Key Performance Indicator (KPI's)
Key Performance Indicator (KPI’s) Particulars (INR mn) FY23 FY24 FY25 9M FY26 Revenue from Operations 3,850 7,586 14,303 15,547 Total Income 3,875 7,612 14,329 15,692 Gross Profit 1,182 2,556 6,314 6,158 Gross Margin (%) 30.7% 33.7% 44.1% 39.6% Operating EBITDA 578 1,501 4,199 3,958 Operating EBITDA
Slide 36: Thank You
Thank You Chief Financial Officer Investor Relations Advisor Subodh Kumar Udit Sancheti Subodh.kumar@oswalpumps.com ir@uirtus.in www.oswalpumps.com www.uirtus.in