Oswal Pumps Limited · NSE:OSWALPUMPS
Oswal Pumps — Q4 FY26 Earnings Presentation
25 slides from Oswal Pumps's earnings presentation, May 17, 2026
Slide 1: Exchange cover letter: Investor Presentation
May 17, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (East) Mumbai – 400 001 Mumbai – 400051 Scrip Code: 544418 Name of Scrip: OSWALPUMPS Sub.: Investor Presentation
Slide 2: Oswal Pumps Limited Q4 FY26 & FY26 Investor Presentation
OSWAL PUMPS LIMITED Q4 FY26 & FY26 Investor Presentation May 2026
Slide 3: 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 4: Agenda
Agenda Company Robust 01 Snapshot 03 Financials Key 02 Highlight 04 Annexures
Slide 5: Company Snapshot
Company 01 Snapshot
Slide 6: Management Commentary
Management Commentary "It gives me immense pleasure to report a landmark year for the Company. FY26 Operating Income reached ₹20,644 million, the highest in the Company's history, representing a robust YoY growth of 44.3%. Q4 FY26 Operating Income stood at ₹5,097 million, reflecting a strong YoY gro
Slide 7: 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 8: Key Highlight
Key 02 | Highlight
Slide 9: Financial Highlights – Q4 FY26 & FY26
Financial Highlights – Q4 FY26 & FY26 Revenue from Particulars (INR mn) Operating EBITDA* Profit before Tax Profit after Tax Operations Q4 FY26 5,097 1,181 1,118 925 Growth (YoY) 39.8% 19.5% 36.0% 44.8% Growth (QoQ) 1.7% (7.1%) (6.2%) 1.1% Margin % 23.2% 21.6% 17.9% FY26 20,644 5,139 4,825 3,763 Gro
Slide 10: Financial Highlights – Q4 FY26 & FY26
Financial Highlights – Q4 FY26 & FY26 Particulars 31-Mar-25 31-Dec-25 31-Mar-26 RONW(%)1 ROCE(%)4# 93.0% 64.6% Net Worth1 4,433 15,704 16,638 38.4% 37.4% 37.6% 35.7% Total Borrowings# 4,572 3,212 2,253 Cash & Cash Equivalents 11 138* 907* Mar'25 Dec'25 Mar'26 Mar'25 Dec'25 Mar'26 Net Debt# 4,560 3,0
Slide 11: Tapping Opportunities under Government Schemes – Order Book
Tapping Opportunities under Government Schemes – Order Book One of the Largest Suppliers of Agri-Solar Powered Pumps under the PM KUSUM Scheme Within six years of supplying solar powered agricultural pumps, emerged as one of the largest suppliers of solar powered agricultural pumps under the PM Kusu
Slide 12: India's Solar Market
India’s Solar Market Utility Scale, C&I, PM KUSUM & Rooftop GW Installed 5.5 6.7 5.0 11.0 11.0 15.1 24.7 44.7 50.0 ~45 GW FY26 Total — all segments combined First 50 GW – 11 Years Next 50 GW – 3 Years Last 50 GW – 14 Months ~47% 10.0 Utility Scale's share of total market 8.7 8.0 7.7 65 ~17% each 60
Slide 13: Tapping other New Opportunities in the Solar Space (1/2)
Tapping other New Opportunities in the Solar Space (1/2) Rooftop Solar, Utility and C&I Solar Projects PM Surya Ghar: Muft Bijli Yojna Our Progress A flagship Government of India program (~₹75,000 crore outlay) aimed at enabling Beyond our core solar irrigation business, FY26 rooftop solar adoption
Slide 14: Tapping other New Opportunities in the Solar Space (2/2)
Tapping other New Opportunities in the Solar Space (2/2) Rooftop Solar, Utility and C&I Solar Projects Rooftop Solar Utility & C&I Solar Projects Strong Topline Visibility A MW 1,546 Open and Upcoming Tenders 2,470 MW B MW 1,313 Tenders Participated 1,170 MW 220 MW Pipeline 80 MW C 13 MW Current Ord
Slide 15: Operational Data (1/2)
Operational Data (1/2) Number of Pumps Supplied Particulars FY23 FY24 FY25 FY26 Solar pumps forming part of Turnkey Solar Pumping Systems1 supplied directly by us - 9,383 36,046 18,604 under the PM Kusum Scheme (A) Solar pumps supplied other than A, C and D (B) 656 1,868 5,551* 45,609* Solar pumps s
Slide 16: Operational Data (2/2)
Operational Data (2/2) Revenue Breakup * Particulars (in INR mn) FY23 FY24 FY25 FY26 Revenue from the supply of the Turnkey Solar Pumping Systems** directly by us under - 3,274 9,611 5,347 the PM Kusum Scheme (A) Revenue from other Government Schemes (B) # - 64 230 9,638 Revenue from the supply of T
Slide 17: Robust Financial
Robust 03 Financial
Slide 18: Summary of Profit and Loss Statement
Summary of Profit and Loss Statement Particulars (INR mn) Q4 FY26 Q4 FY25 YoY Q3 FY26 QoQ FY26 FY25 YoY Revenue from Operations 5,097 3,646 39.8% 5,011 1.7% 20,644 14,303 44.3% Operating EBITDA1 1,181 988 19.5% 1,271 (7.1%) 5,139 4,199 22.4% Operating EBITDA Margin2 (%) 23.2% 27.1% (394 bps) 25.4% (
Slide 19: Why Oswal Pumps?
Why Oswal Pumps? Vertically Integrated Enhanced Engineering & Manufacturing Design Capabilities Competencies Tapping Other New Comprehensive Opportunities Product Portfolio In the Solar Space Tapping Opportunities Extensive Distribution Under Government Schemes Network (PM-KUSUM) Strong Presence in
Slide 20: Shareholding Summary
Shareholding Summary As on March 31, 2026 75.7% Promoter & Promoter Group 13.9% Others 3.0% Body Corporates 6.6% DIIs (MFs, AIFs, NBFCs) 0.8% FIIs
Slide 21: Annexures
04; Annexures
Slide 22: Cash Conversion Cycle
Cash Conversion Cycle Particulars Mar’25 Dec’25# Mar’26 Receivable Days1 111 157* 155* Inventory Days2 43 36 38 Payable Days3 19 16 21 Cash Conversion Cycle4 135 177 172 *The increase in the receivable cycle is primarily attributable to delays in payments from state nodal agencies. Management expect
Slide 23: IPO Fund Utilization
IPO Fund Utilization Amount to be Total Un-utilized Amount Utilized as Objects of the Issue as per Prospectus utilized from Net amount as on on 31.03.2026 Proceeds* 31.03.2026 Funding certain capital expenditure of our Company 898.60 257.54 641.06 Investment in our wholly-owned subsidiary, Oswal Sol
Slide 24: Key Performance Indicators (KPIs)
Key Performance Indicator (KPI’s) Particulars (INR mn) FY23 FY24 FY25 FY26 Revenue from Operations 3,850 7,586 14,303 20,644 Total Income 3,875 7,612 14,329 20,859 Gross Profit 1,182 2,556 6,314 8,116 Gross Margin (%) 30.7% 33.7% 44.1% 39.3% Operating EBITDA 578 1,501 4,199 5,139 Operating EBITDA Ma
Slide 25: 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