Comparative Ratio Analysis of Oswal Pumps Limited

Abstract

This paper examines the financial performance of Oswal Pumps Limited using comparative ratio analysis for 2024–25 and 2025–26. Ratios across liquidity, profitability, solvency, efficiency, and market performance are compared to assess changes in financial health. The results show that while the company achieved strong revenue and profit growth, liquidity and solvency improved significantly, but profitability and efficiency ratios declined due to rapid expansion and equity infusion. The study highlights the importance of asset utilization and cost management for sustaining shareholder returns.