Latest news with #OswalPumps
Time of India
18-07-2025
- Business
- Time of India
Eternal and RIL among stocks that Kotak Mutual Fund bought and sold in June
Kotak Mutual Fund increased its stake in Eternal (formerly Zomato) and 380 other stocks whereas reduced its stake in Reliance Industries (RIL) and 139 other stocks in the month of June, according to the monthly data released by Prime Database. Some of the other stocks in which the fund house increased its stake includes Vishal Mega Mart, IndusInd Bank, State Bank of India, Adani Ports & Special Economic Zone, Indian Hotels, Nestle, Adani Enterprises, Jio Financial Services, BSE, Polycab India, Siemens, and Swiggy. Explore courses from Top Institutes in Select a Course Category Cybersecurity MCA Data Science Data Analytics Finance Management Public Policy CXO MBA Data Science Healthcare Product Management Operations Management Degree healthcare Others PGDM Design Thinking Artificial Intelligence Leadership Technology Digital Marketing others Project Management Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details Also Read | NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo The other stocks where exposure was reduced includes Infosys, Trent, HDFC Life Insurance, UltraTech Cement, Hindustan Aeronautics, HCL Technologies, Titan, Grasim Industries, Coal India, Indian Energy Exchange, Dabur India, Vodafone India, LTIMindtree, and Mazagon Dock Shipbuilders. The fund house added three new stocks in its portfolio which were HDB Financial Services, Oswal Pumps, and NOCIL. Around 20.27 lakh shares of HDB Financial Services, 6.97 lakh shares of NOCIL, and 4.66 lakh shares of Oswal Pumps were added to the portfolio. Live Events HDFC Mutual Fund made a complete exit from six stocks such as Orient Cement, Elin Electronics, Unicommerce Esolutions, V.I.P. Industries, Mishra Dhatu Nigam, and Aditya Birla Lifestyle Brands. Maximum number of shares of Orient Cement were sold out from the portfolio, followed by Elin Electronics whose 6.26 lakh shares were sold out from the portfolio. There were no unique stocks in the portfolio of the fund house based on the portfolio as on June 30, 2025. Also Read | Stocks, FD or Mutual Funds? Radhika Gupta shares 3 basics to smart investing The industry wise holding of the fund house includes 24.29% in financial services, 18.96% in consumer discretionary, 11.44% in commodities, 11.37% in industrials, 8.37% in information technology, 7.48% in healthcare, 5.74% in energy, 3.85% in FMCG, 3.83% in telecommunication, 2.59% in utilities, 2.08% in services, and 0.01% in diversified. Based on the last available portfolio data, the fund house had an AUM of Rs 5.50 lakh crore and manages 150 funds.
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Business Standard
11-07-2025
- Business
- Business Standard
Oswal Pumps shares fall 5% as Q4 profit declines 21% QoQ; details here
Oswal Pumps share price: Shares of water pumps manufacturer Oswal Pumps dropped as much as 6.8 per cent to hit an intraday low of ₹685.55 per share on Friday, July 11, 2025. At 12 PM, Oswal Pumps stock was trading 4.8 per cent lower at ₹700.45. In comparison, NSE Nifty50 was trading 0.79 per cent lower at 25,153.55 levels. The company's market capitalisation stood at ₹7,983.55 crore. The company made its debut on the bourses on June 20, 2025. So far, the stock has surged around 16 per cent from its listing price of ₹634 per share on the NSE. Why did Oswal Pumps share price drop? Oswal Pumps shares declined today following a disappointing sequential performance in the March quarter (Q4FY25). This is the first quarterly results the company has reported post-listing on the stock exchanges. Oswal Pumps reported a 20.5 per cent quarter-on-quarter (Q-o-Q) drop in net profit, which fell to ₹63.9 crore in Q4FY25 from ₹80.4 crore in the previous quarter (Q3FY25). However, on a yearly basis, net profit increased by over 123.5 per cent from ₹28.6 crore reported in the March quarter of the previous financial year (Q4FY24). The company's total income fell 3.9 per cent Q-o-Q to ₹365.6 crore, and grew 58.4 per cent on a yearly basis. Oswal Pumps reported earnings before interest, tax, depreciation and amortisation (Ebitda) of ₹99.8 crore, down 16.2 per cent from ₹119.1 crore in the previous quarter. Its Ebitda margins slipped from 31.3 per cent in Q3FY25 to 27.3 per cent in Q4FY25. About Oswal Pumps Incorporated in July 2003, New Delhi-based Oswal Pumps is a vertically integrated solar pump manufacturer. The company manufactures solar-powered and grid-connected submersible and monoblock pumps, electric motors comprising induction and submersible motors, as well as solar modules, which they sell under the 'Oswal' brand. Oswal Pumps operates two manufacturing plants in Karnal, Haryana. One facility is dedicated to the production of pumps and motors, while the other is dedicated to manufacturing solar modules.
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Business Standard
23-06-2025
- Business
- Business Standard
Oswal Pumps share slips 7%, falls below IPO price after lacklustre debut
Oswal Pumps share price today: Shares of Oswal Pumps slipped 7 per cent to ₹580, falling below its issue price ₹614 on the BSE in Monday's intra-day trade. The company, engaged in compressors, pumps & diesel engines business, made a lacklustre debut on Friday, June 20, 2025. Including today's decline, the stock has fallen 11 per cent from its listing day's high of ₹649.15 on the BSE. At 10:09 AM, Oswal Pumps shares erased its entire intra-day losses and traded flat at ₹626 on the BSE. In comparison, the BSE Sensex was down 1 per cent at 81,549 levels. Oswal Pumps IPO details Oswal Pumps raised ₹1,387.34 crore via initial public offering (IPO). The public issue was a combination of fresh issue and Offer-for-Sale (OFS). The company did not receive any proceeds from the OFS. The company, however, intends to utilise the proceeds from the fresh issue for funding certain capital expenditure, investing in its wholly-owned subsidiary, Oswal Solar, through equity, funding the establishment of new manufacturing units in Karnal, Haryana, and for pre-payment/repayment, in part or full, of certain outstanding borrowings availed by the company. Oswal Pumps business outlook The pump industry plays a very pivotal role in sectors such as agriculture, manufacturing and residential. Increasing investments in the renewable energy sector like solar panels and advancements in pump manufacturing technology like smart pumps, pumps developed for specific use cases requiring highly specialised functions are poised to fuel growth for the global pump market in the future. This expansion will be supported by factors such as rapid urbanisation, rising demand in the power sector, and a focus on water recycling and wastewater treatment, among other drivers. Oswal Pumps derives its revenue from a diversified customer base, including institutional customers, government entities, and distributors. In FY22, 58.7 per cent of the revenue was generated from institutional customers, which increased to 75.6 per cent in FY23. However, this contribution declined to 43.4 per cent in FY24 and further to 7.15 per cent for the nine months ended December 31, 2024. The company did not generate any revenue from government entities in FY22 and FY23. However, in FY24, revenue from government entities accounted for 45.6 per cent, rising considerably to 78.51 per cent during the nine-month period ended December 31, 2024. ALSO READ | The company's recent growth has been largely driven by its participation in the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan) scheme, raising concerns over concentration risk and the sustainability of this growth momentum. Additionally, the elongated working capital cycle and cash flow pressures add to the overall risk profile, according to Choice Equity Broking. Oswal Pumps is amongst the largest suppliers of solar pumps under PM Kusum Scheme for FY23 & FY24 and is one of the few companies with vertically integrated turnkey solar pumping system capabilities in India. The company currently has an order book of ₹ 1,100 crore which is ~0.8x of its 9MFY25 annualised revenue with an additional bid pipeline of ~₹ 3,200 crore indicating decent growth visibility. However, an overhang for the business would be its dependence on government projects/policy and delay in cash flow, SBI Securities said in its IPO note. About Oswal Pumps Oswal Pumps manufactures and distributes a diverse range of pumps for domestic, agricultural, and industrial applications. The company has executed orders for 26,270 turnkey solar pumping systems under the PM-KUSUM Scheme for several Indian states. Oswal Pumps operates a manufacturing facility in Karnal, Haryana, and has a growing network of distributors across India. The company exports its products to 17 countries across the Asia-Pacific, Middle East, and North Africa regions.
Economic Times
20-06-2025
- Business
- Economic Times
Oswal Pumps shares rise 3% post listing below GMP; brokerages recommend holding for long term
ADVERTISEMENT What analysts are saying ADVERTISEMENT ADVERTISEMENT Business snapshot and use of funds ADVERTISEMENT ADVERTISEMENT Shares of Oswal Pumps climbed as much as 2.7% in early trade on Friday to Rs 649.15 on the BSE , after listing at Rs 632 apiece, marking a muted debut below grey market expectations. On the NSE , the stock opened slightly higher at Rs 634, a 3.26% premium over the issue price of Rs 614. Despite the underwhelming start, brokerages remain optimistic about the stock's long-term potential, citing strong fundamentals and favourable policy of the listing, the IPO's grey market performance had indicated a GMP of Rs 41, or 6.68%, implying a potential listing around Rs 655 per share. Instead, the stock settled in the low Rs 630s, even as the Sensex and Nifty gained 0.3% each in morning Rs 1,387.34-crore IPO, which ran from June 13–17, saw strong demand, particularly from institutional investors. The QIB segment was subscribed 88.08 times, NIIs 36.70 times, and retail investors 3.60 times. The offer comprised a fresh issue of Rs 890 crore and an offer-for-sale of Rs 497.34 crore by promoter Vivek Gupta.'Despite the recovering mood in the market and robust response from all sets of investors, Oswal Pumps' listing was well below our expectations,' said Prashanth Tapse, Senior VP (Research) at Mehta Equities. 'We continue to believe the IPO demand was driven by attractive valuation levels, offering reasonable long-term upside potential along with a well-diversified product portfolio across agriculture, industrial, and domestic water solutions.'Tapse added, 'We also see the company's strategic positioning benefiting from ongoing government infrastructure and rural development initiatives, especially those focused on water management and irrigation. We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and the promotion of solar-powered irrigation systems.'Mehta Equities has recommended a 'Hold' for investors allotted shares in the IPO. For those who missed out, Tapse advised: 'Consider accumulating on any dips post-listing, particularly if broader market sentiment causes short-term volatility. The business offers a strong combination of sectoral tailwinds and value-based fundamentals.'Gaurav Garg, from Lemonn Markets Desk, echoed the sentiment: 'Oswal Pumps Limited made its stock market debut today, June 20, 2025. The company's shares opened at Rs 634 on the NSE and Rs 632 on the BSE, registering a modest premium of 3.26% and 2.93%, respectively, over the issue price of Rs 614.''Backed by strong fundamentals, a solid anchor book, and robust institutional participation, Oswal Pumps has drawn positive market sentiment. Listing gains are expected to be in the range of 8–12%, with long-term prospects buoyed by the government's thrust on rural electrification and solar-powered irrigation systems,' Garg in 2003, Oswal Pumps has evolved from manufacturing low-speed monoblock pumps to offering a full suite of submersible pumps, electric motors, and solar water systems. The company has installed over 26,000 solar pumps under government schemes and exports to 17 the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 IPO proceeds will be used for a mix of debt repayment and capacity expansion. The company plans to allocate Rs 280 crore for loan repayments, Rs 272.76 crore to invest in its subsidiary Oswal Solar, and Rs 89.86 crore for capital expenditure, including new manufacturing units in Karnal, investors who participated ahead of the IPO include Societe Generale, BNP Paribas , Smallcap World Fund Inc., ICICI Prudential , Kotak Mahindra MF, Quant MF, Amundi Funds, and others, committing Rs 416.20 crore at the upper end of the price band.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
20-06-2025
- Business
- Time of India
Oswal Pumps shares rise 3% post listing below GMP; brokerages recommend holding for long term
What analysts are saying Live Events Business snapshot and use of funds (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Oswal Pumps climbed as much as 2.7% in early trade on Friday to Rs 649.15 on the BSE , after listing at Rs 632 apiece, marking a muted debut below grey market expectations. On the NSE , the stock opened slightly higher at Rs 634, a 3.26% premium over the issue price of Rs 614. Despite the underwhelming start, brokerages remain optimistic about the stock's long-term potential, citing strong fundamentals and favourable policy of the listing, the IPO's grey market performance had indicated a GMP of Rs 41, or 6.68%, implying a potential listing around Rs 655 per share. Instead, the stock settled in the low Rs 630s, even as the Sensex and Nifty gained 0.3% each in morning Rs 1,387.34-crore IPO, which ran from June 13–17, saw strong demand, particularly from institutional investors. The QIB segment was subscribed 88.08 times, NIIs 36.70 times, and retail investors 3.60 times. The offer comprised a fresh issue of Rs 890 crore and an offer-for-sale of Rs 497.34 crore by promoter Vivek Gupta.'Despite the recovering mood in the market and robust response from all sets of investors, Oswal Pumps' listing was well below our expectations,' said Prashanth Tapse, Senior VP (Research) at Mehta Equities. 'We continue to believe the IPO demand was driven by attractive valuation levels, offering reasonable long-term upside potential along with a well-diversified product portfolio across agriculture, industrial, and domestic water solutions.'Tapse added, 'We also see the company's strategic positioning benefiting from ongoing government infrastructure and rural development initiatives, especially those focused on water management and irrigation. We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and the promotion of solar-powered irrigation systems.'Mehta Equities has recommended a 'Hold' for investors allotted shares in the IPO. For those who missed out, Tapse advised: 'Consider accumulating on any dips post-listing, particularly if broader market sentiment causes short-term volatility. The business offers a strong combination of sectoral tailwinds and value-based fundamentals.'Gaurav Garg, from Lemonn Markets Desk, echoed the sentiment: 'Oswal Pumps Limited made its stock market debut today, June 20, 2025. The company's shares opened at Rs 634 on the NSE and Rs 632 on the BSE, registering a modest premium of 3.26% and 2.93%, respectively, over the issue price of Rs 614.''Backed by strong fundamentals, a solid anchor book, and robust institutional participation, Oswal Pumps has drawn positive market sentiment. Listing gains are expected to be in the range of 8–12%, with long-term prospects buoyed by the government's thrust on rural electrification and solar-powered irrigation systems,' Garg in 2003, Oswal Pumps has evolved from manufacturing low-speed monoblock pumps to offering a full suite of submersible pumps, electric motors, and solar water systems. The company has installed over 26,000 solar pumps under government schemes and exports to 17 the nine months ending December 2024, Oswal reported revenue of Rs 1,067 crore and net profit of Rs 216 IPO proceeds will be used for a mix of debt repayment and capacity expansion. The company plans to allocate Rs 280 crore for loan repayments, Rs 272.76 crore to invest in its subsidiary Oswal Solar, and Rs 89.86 crore for capital expenditure, including new manufacturing units in Karnal, investors who participated ahead of the IPO include Societe Generale, BNP Paribas , Smallcap World Fund Inc., ICICI Prudential , Kotak Mahindra MF, Quant MF, Amundi Funds, and others, committing Rs 416.20 crore at the upper end of the price band.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
