Oswal Pumps seems about starting its uptrend now

https://preview.redd.it/5644j3u22zuh1.png… Oswal pumps PE seems too low and very attractive... Most of them never noticed yet itseems... Got this news Received a Letter of Intent from the Telangana Renewable Energy Development Corporation Limited (TGREDCO/TREDCL) valued at roughly **₹297.50 crore** (including GST) to install on-grid solar rooftop systems across 9,937 government schools. Any thoughts on this?

2 comments held Reddit says 1 on reddit ↗

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u/Ashryfinancial 1 4 hours ago

Current PE is not as low as it seems as it's EPS will most likely decline in next few quarters due to it's ongoing capex and rising input costs. It's normalized EPS would probably be 14-16 (take Q1FY27 as realistic assumption). Which is similar to Waaree. So you would rather buy a market leader, with plants in US, and backward integration. Hence more chance to survive both overcapacity and US tariffs on solar.