Announced Wed, 23 Sept, 2026 · 11:56 IST
ICRA revises Oswal Pumps rating outlook to Negative
OSWALPUMPS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹273.90
prior close
₹287.05
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.7-0.7-0.9+2.0+0.4-1.8-2.4-2.2-3.7————
Up moveDown movePending
AI summary
ICRA has reaffirmed Oswal Pumps' credit rating at A+ for long-term and A1 for short-term, but revised the outlook to Negative from Stable. The negative outlook reflects concerns over rising receivables, longer collection cycles, higher working capital needs, and profit pressure from competition and input costs. Subsidiary Oswal Solar Energy also got the same outlook revision.
Likely market impact
Negative outlook signals possible future downgrade. May raise borrowing costs and raises concerns over receivables and subsidy recoveries.