Oswal Pumps Limited is a manufacturer and distributor of pumps. The company offers a diverse range of products catering to domestic, agricultural, and industrial applications, including solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires & cables, and electric panels.

As of August 31, 2024, the company had executed orders for 26,270 turnkey solar pumping systems directly under the PM-KUSUM Scheme for several states, including Haryana, Rajasthan, Uttar Pradesh, and Maharashtra. The company operates a manufacturing facility located in Karnal, Haryana, which covers a total land area of 41,076 square meters as of March 31, 2024. The company has a growing network of distributors across India, increasing from 473 distributors as of March 31, 2022, to 636 distributors as of March 31, 2024. Further, between April 1, 2021, and March 31, 2024, Oswal Pumps exported its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.

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• One of  the  largest  supplier  of  solar  powered  agricultural  pumps  under  the  PM  Kusum  Scheme,  well positioned to capitalise on strong industry tailwinds;
• Vertically integrated manufacturing competencies;
• Strong engineering and design capabilities;
• Comprehensive product portfolio in multiple product specifications;
• Strong presence in major agricultural states in India including Haryana and growing presence in other states;
• Extensive distribution network catering to a diversified customer base; and
• Experienced Promoter and senior management team

• Funding certain capital expenditure of the Company.
• Pre-payment/ re-payment, in part or full, of certain outstanding borrowings availed by the Company.
• Investment in the wholly-owned Subsidiary, Oswal Solar, in the form of debt or equity, for repayment/prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar.
• General corporate purposes.

At the upper band of IPO Rs. 614, the stock is valued at 28.19 times with 9 moths EPS of Rs. 21.78. Hence, Well-informed investors subscribe for long term.