Oswal Pumps Limited

What to Watch

• MarginsOperating margin compressed from ~28.5% to ~24.1% in FY26 (consolidated). Watch input costs and pricing in the next two results.
• Cash FlowOperating cash flow was negative (about −₹57.8 cr) against a ₹376 cr net profit in FY26 (consolidated). Watch working capital, receivables and inventory.
• IPOShares trade 66.8% below its first traded close of ₹625.35.