{"id":316787,"date":"2026-10-19T14:28:36","date_gmt":"2026-10-19T08:58:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=316787"},"modified":"2026-10-19T14:28:36","modified_gmt":"2026-10-19T08:58:36","slug":"pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/","title":{"rendered":"3 Pump Maker, Delhi Gas Distributor and Gearbox Stocks With a Strong Future Roadmap: Oswal Pumps, Indraprastha Gas and Elecon Engineering Company"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Oswal Pumps Rs 248.40, P\/E 8.67. IGL Rs 143.06, P\/E 14.75. Elecon Engineering Rs 480.35, P\/E 39.59. Closing prices of 14 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Pump maker, Delhi gas distributor and gearbox stocks with the clearest long-term roadmaps today include Oswal Pumps in pumps for agriculture, homes and industry, including solar-powered pumps, IGL in CNG and piped natural gas distribution in Delhi NCR and nearby cities and Elecon Engineering in industrial gearboxes and material handling equipment for steel, cement, power and port users. FY26 revenue growth was 45.6% at Oswal Pumps, 8.4% at IGL and 7.3% at Elecon Engineering. P\/E stands at 8.67 for Oswal Pumps (industry 47.18), 14.75 for IGL (industry 14.54) and 39.59 for Elecon Engineering (industry 47.18). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Pump maker, Delhi gas distributor and gearbox stocks give investors exposure to pumps, city gas and heavy machinery parts used by farms, cities and factories. Volumes, order flow and margins decide how much of that demand turns into profit.<\/p>\n<p>This list covers three pump maker, Delhi gas distributor and gearbox stocks: Oswal Pumps for pumps for agriculture, homes and industry, including solar-powered pumps, Indraprastha Gas for CNG and piped natural gas distribution in Delhi NCR and nearby cities and Elecon Engineering Company for industrial gearboxes and material handling equipment for steel, cement, power and port users. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#What_Are_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks\" title=\"What Are Pump Maker, Delhi Gas Distributor and Gearbox Stocks?\">What Are Pump Maker, Delhi Gas Distributor and Gearbox Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks_at_a_Glance\" title=\"Pump Maker, Delhi Gas Distributor and Gearbox Stocks at a Glance\">Pump Maker, Delhi Gas Distributor and Gearbox Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Why_Do_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Pump Maker, Delhi Gas Distributor and Gearbox Stocks Have a Strong Roadmap in India?\">Why Do Pump Maker, Delhi Gas Distributor and Gearbox Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Oswal_Pumps_Solar_and_Agricultural_Pumps_Anchor_the_Roadmap\" title=\"Oswal Pumps: Solar and Agricultural Pumps Anchor the Roadmap\">Oswal Pumps: Solar and Agricultural Pumps Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Indraprastha_Gas_CNG_and_Piped_Gas_Networks_Anchor_the_Roadmap\" title=\"Indraprastha Gas: CNG and Piped Gas Networks Anchor the Roadmap\">Indraprastha Gas: CNG and Piped Gas Networks Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Elecon_Engineering_Company_Gearboxes_and_Material_Handling_Build_the_Next_Leg\" title=\"Elecon Engineering Company: Gearboxes and Material Handling Build the Next Leg\">Elecon Engineering Company: Gearboxes and Material Handling Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Best_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks_in_India_Oswal_Pumps_vs_IGL_vs_Elecon_Engineering_on_Key_Financials\" title=\"Best Pump Maker, Delhi Gas Distributor and Gearbox Stocks in India: Oswal Pumps vs IGL vs Elecon Engineering on Key Financials\">Best Pump Maker, Delhi Gas Distributor and Gearbox Stocks in India: Oswal Pumps vs IGL vs Elecon Engineering on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#How_to_Evaluate_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Pump Maker, Delhi Gas Distributor and Gearbox Stocks to Buy Before You Invest\">How to Evaluate Pump Maker, Delhi Gas Distributor and Gearbox Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Risks_to_Consider_Before_Investing_in_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks\" title=\"Risks to Consider Before Investing in Pump Maker, Delhi Gas Distributor and Gearbox Stocks\">Risks to Consider Before Investing in Pump Maker, Delhi Gas Distributor and Gearbox Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#FAQs_on_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks\" title=\"FAQs on Pump Maker, Delhi Gas Distributor and Gearbox Stocks\">FAQs on Pump Maker, Delhi Gas Distributor and Gearbox Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Which_are_the_best_pump_maker_Delhi_gas_distributor_and_gearbox_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best pump maker, Delhi gas distributor and gearbox stocks in India with a strong roadmap?\">Which are the best pump maker, Delhi gas distributor and gearbox stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Is_Oswal_Pumps_a_good_stock_to_buy_now\" title=\"Is Oswal Pumps a good stock to buy now?\">Is Oswal Pumps a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#What_is_the_PE_ratio_of_Oswal_Pumps_IGL_and_Elecon_Engineering\" title=\"What is the P\/E ratio of Oswal Pumps, IGL and Elecon Engineering?\">What is the P\/E ratio of Oswal Pumps, IGL and Elecon Engineering?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Which_of_these_pump_maker_Delhi_gas_distributor_and_gearbox_stocks_has_the_highest_return_on_equity\" title=\"Which of these pump maker, Delhi gas distributor and gearbox stocks has the highest return on equity?\">Which of these pump maker, Delhi gas distributor and gearbox stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#What_are_the_risks_of_investing_in_pump_maker_Delhi_gas_distributor_and_gearbox_stocks\" title=\"What are the risks of investing in pump maker, Delhi gas distributor and gearbox stocks?\">What are the risks of investing in pump maker, Delhi gas distributor and gearbox stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#How_did_Oswal_Pumps_IGL_and_Elecon_Engineering_perform_in_Q1_FY27\" title=\"How did Oswal Pumps, IGL and Elecon Engineering perform in Q1 FY27?\">How did Oswal Pumps, IGL and Elecon Engineering perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#Do_pump_maker_Delhi_gas_distributor_and_gearbox_stocks_pay_dividends\" title=\"Do pump maker, Delhi gas distributor and gearbox stocks pay dividends?\">Do pump maker, Delhi gas distributor and gearbox stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/pump-maker-delhi-gas-distributor-and-gearbox-stocks-roadmap-anchor-list\/#How_can_I_invest_in_pump_maker_Delhi_gas_distributor_and_gearbox_stocks_in_India\" title=\"How can I invest in pump maker, Delhi gas distributor and gearbox stocks in India?\">How can I invest in pump maker, Delhi gas distributor and gearbox stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks\"><\/span><strong>What Are Pump Maker, Delhi Gas Distributor and Gearbox Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pump maker, Delhi gas distributor and gearbox stocks are shares of companies that supply gas, fund power projects or build equipment. Results depend on order flow, gas volumes and execution, so execution and margins separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks_at_a_Glance\"><\/span><strong>Pump Maker, Delhi Gas Distributor and Gearbox Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three pump maker, Delhi gas distributor and gearbox stocks as of the 14 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/oswalpumps\/oswal-pumps-ltd-share-price-today\">Oswal Pumps<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">248.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,911<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.67<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">47.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.36%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.14<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/igl\/indraprastha-gas-ltd-share-price-today\">Indraprastha Gas<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">143.06<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19,971<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.54<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.47%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/elecon\/elecon-engineering-company-ltd-share-price-today\">Elecon Engineering Company<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">480.35<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9,345<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">39.59<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">47.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.79%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.12<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among energy and engineering stocks, valuations sit close to their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Pump Maker, Delhi Gas Distributor and Gearbox Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pump maker, Delhi gas distributor and gearbox stocks have a strong roadmap in India because farm solarisation, city gas adoption and factory capacity additions keep adding volumes and orders for these firms. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Pump demand:<\/strong> Farms and homes buy solar and conventional pumps.<\/li>\n<li><strong>City gas:<\/strong> Vehicles and homes switch to CNG and piped gas.<\/li>\n<li><strong>Plant capacity:<\/strong> Steel, cement and ports buy gearboxes and handling gear.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Oswal_Pumps_Solar_and_Agricultural_Pumps_Anchor_the_Roadmap\"><\/span><strong>Oswal Pumps: Solar and Agricultural Pumps Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oswal Pumps&#8217; roadmap rests on pumps for agriculture, homes and industry, including solar-powered pumps, with rising farm electrification and solar pumping demand supporting volumes.<\/p>\n<p>FY26 revenue was Rs 2,085.91 crore, 45.6% higher than FY25. FY26 net profit rose 35.0% to Rs 376.28 crore.<\/p>\n<p>Debt to equity is 0.14 and return on equity is 22.36%. At a P\/E of 8.67 against an industry P\/E of 47.18, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 8.67 against an industry P\/E of 47.18 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indraprastha_Gas_CNG_and_Piped_Gas_Networks_Anchor_the_Roadmap\"><\/span><strong>Indraprastha Gas: CNG and Piped Gas Networks Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>IGL&#8217;s roadmap rests on CNG and piped natural gas distribution in Delhi NCR and nearby cities, with vehicle conversions and household connections supporting volume growth.<\/p>\n<p>Revenue grew from Rs 7,886.60 crore in FY22 to Rs 16,541.25 crore in FY26, a 109.7% rise, and FY26 revenue was 8.4% higher than FY25. FY26 net profit was Rs 1,543.51 crore. In Q1 FY27, revenue grew 16.5% to Rs 5,145.36 crore. Operating margin was 14.22% in FY26.<\/p>\n<p>Debt to equity is 0.01 and return on equity is 13.47%. FY26 operating cash flow was Rs 1,935.58 crore against capital expenditure of Rs 1,347.33 crore. IGL paid a dividend of Rs 4.75 per share for FY26, a yield of 3.33%. At a P\/E of 14.75 against an industry P\/E of 14.54, the stock trades in line with its industry multiple.<\/p>\n<p>What to watch: The P\/E of 14.75 is a modest premium to the industry P\/E of 14.54, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elecon_Engineering_Company_Gearboxes_and_Material_Handling_Build_the_Next_Leg\"><\/span><strong>Elecon Engineering Company: Gearboxes and Material Handling Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Elecon Engineering&#8217;s roadmap rests on industrial gearboxes and material handling equipment for steel, cement, power and port users, with industrial capex and replacement demand supporting orders.<\/p>\n<p>Revenue grew from Rs 1,220.51 crore in FY22 to Rs 2,447.22 crore in FY26, a 100.5% rise, and FY26 revenue was 7.3% higher than FY25. FY26 net profit was Rs 341.15 crore. In Q1 FY27, revenue grew 4.9% to Rs 542.47 crore. Operating margin was 24.68% in FY26.<\/p>\n<p>Debt to equity is 0.12 and return on equity is 14.79%. FY26 operating cash flow was Rs 314.22 crore against capital expenditure of Rs 119.51 crore. Elecon Engineering paid a dividend of Rs 2 per share for FY26, a yield of 0.48%. At a P\/E of 39.59 against an industry P\/E of 47.18, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 39.59 against an industry P\/E of 47.18 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks_in_India_Oswal_Pumps_vs_IGL_vs_Elecon_Engineering_on_Key_Financials\"><\/span><strong>Best Pump Maker, Delhi Gas Distributor and Gearbox Stocks in India: Oswal Pumps vs IGL vs Elecon Engineering on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best pump maker, Delhi gas distributor and gearbox stocks in India, Oswal Pumps leads on FY26 revenue growth and return on equity; IGL leads on the lowest debt to equity and dividend yield; Elecon Engineering ranks second on return on equity and the lowest debt to equity. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Oswal Pumps<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">IGL<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Elecon Engineering<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,085.91<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,541.25<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,447.22<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">45.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">376.28<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,543.51<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">341.15<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.36%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.47%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.79%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.67<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">39.59<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.14<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.12<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.33%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.48%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Energy and engineering earnings follow order flow, gas volumes and execution, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Pump Maker, Delhi Gas Distributor and Gearbox Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen pump maker, Delhi gas distributor and gearbox stocks and shortlist pump maker, Delhi gas distributor and gearbox stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check operating margin, debt and cash flow together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these pump maker, Delhi gas distributor and gearbox stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks\"><\/span><strong>Risks to Consider Before Investing in Pump Maker, Delhi Gas Distributor and Gearbox Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Order timing:<\/strong> Delays in customer projects can shift revenue between quarters.<\/li>\n<li><strong>Government spending:<\/strong> Changes in public budgets can affect orders.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Oswal Pumps, IGL and Elecon Engineering live.<\/em><\/p>\n<p>Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.<\/p>\n<p>Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.<\/p>\n<p>The shareholding pattern published every quarter shows whether promoters, mutual funds and foreign investors are raising or trimming their holdings, which adds useful context to the financial numbers.<\/p>\n<p>Spreading money across several sectors and company sizes helps keep a portfolio steady, because each business responds differently to interest rates, commodity prices and consumer demand.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three energy and engineering stocks cover pumps, city gas and gearboxes. Oswal Pumps leads on FY26 revenue growth and return on equity; IGL leads on the lowest debt to equity and dividend yield; Elecon Engineering ranks second on return on equity and the lowest debt to equity.<\/p>\n<p>Across pump maker, Delhi gas distributor and gearbox stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the pump maker, Delhi gas distributor and gearbox stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Pump_Maker_Delhi_Gas_Distributor_and_Gearbox_Stocks\"><\/span><strong>FAQs on Pump Maker, Delhi Gas Distributor and Gearbox Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_pump_maker_Delhi_gas_distributor_and_gearbox_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best pump maker, Delhi gas distributor and gearbox stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Oswal Pumps, Indraprastha Gas and Elecon Engineering Company stand out for their roadmaps in pumps, city gas and gearboxes. FY26 revenue growth was 45.6% at Oswal Pumps, 8.4% at IGL and 7.3% at Elecon Engineering, and return on equity ranges from 13.47% to 22.36%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Oswal_Pumps_a_good_stock_to_buy_now\"><\/span><strong>Is Oswal Pumps a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Oswal Pumps has a debt to equity ratio of 0.14, a return on equity of 22.36% and a P\/E of 8.67 against an industry P\/E of 47.18. Valuation, order flow and execution move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Oswal_Pumps_IGL_and_Elecon_Engineering\"><\/span><strong>What is the P\/E ratio of Oswal Pumps, IGL and Elecon Engineering?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 8.67 for Oswal Pumps (industry 47.18), 14.75 for IGL (industry 14.54) and 39.59 for Elecon Engineering (industry 47.18). Only IGL trades at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_pump_maker_Delhi_gas_distributor_and_gearbox_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these pump maker, Delhi gas distributor and gearbox stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Oswal Pumps has the highest return on equity at 22.36%, followed by Elecon Engineering Company at 14.79% and Indraprastha Gas at 13.47%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_pump_maker_Delhi_gas_distributor_and_gearbox_stocks\"><\/span><strong>What are the risks of investing in pump maker, Delhi gas distributor and gearbox stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are order timing, government spending and quarterly trends. Delays in customer projects can shift revenue between quarters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Oswal_Pumps_IGL_and_Elecon_Engineering_perform_in_Q1_FY27\"><\/span><strong>How did Oswal Pumps, IGL and Elecon Engineering perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Oswal Pumps reported . Indraprastha Gas reported revenue of Rs 5,145.36 crore, up 16.5% year on year. Elecon Engineering Company reported revenue of Rs 542.47 crore, up 4.9% year on year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_pump_maker_Delhi_gas_distributor_and_gearbox_stocks_pay_dividends\"><\/span><strong>Do pump maker, Delhi gas distributor and gearbox stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> IGL and Elecon Engineering pay dividends. The dividend yield is 3.33% for IGL and 0.48% for Elecon Engineering, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_pump_maker_Delhi_gas_distributor_and_gearbox_stocks_in_India\"><\/span><strong>How can I invest in pump maker, Delhi gas distributor and gearbox stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy pump maker, Delhi gas distributor and gearbox stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best pump maker, Delhi gas distributor and gearbox stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Oswal Pumps, Indraprastha Gas and Elecon Engineering Company stand out for their roadmaps in pumps, city gas and gearboxes. FY26 revenue growth was 45.6% at Oswal Pumps, 8.4% at IGL and 7.3% at Elecon Engineering, and return on equity ranges from 13.47% to 22.36%.\"}},{\"@type\":\"Question\",\"name\":\"Is Oswal Pumps a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Oswal Pumps has a debt to equity ratio of 0.14, a return on equity of 22.36% and a P\/E of 8.67 against an industry P\/E of 47.18. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oswal Pumps, Indraprastha Gas and Elecon Engineering Company compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":35,"featured_media":316785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[13377,13378,10558,7502,11142,12345],"class_list":["post-316787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-delhi-gas-distributor-and-gearbox-stocks","tag-delhi-gas-distributor-and-gearbox-stocks-to-buy","tag-elecon-engineering-company","tag-indraprastha-gas","tag-oswal-pumps","tag-pump-maker"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["316785"],"rank_math_title":["Pump Maker, Delhi Gas Distributor and Gearbox Stocks"],"rank_math_description":["Pump maker, Delhi gas distributor and gearbox stocks with a strong roadmap: Oswal Pumps, IGL and Elecon Engineering compared on growth, valuation and risks."],"rank_math_focus_keyword":["pump maker, Delhi gas distributor and gearbox stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-pump-maker-delhi-gas-distributor-and-gearbox-stocks-with-a-strong-future.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=316787"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316787\/revisions"}],"predecessor-version":[{"id":316789,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316787\/revisions\/316789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/316785"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=316787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=316787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=316787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}