Other Utilities
Valuation | |
|---|---|
| Market Cap | 7.46 kCr |
| Price/Earnings (Trailing) | 23.22 |
| Price/Sales (Trailing) | 2.07 |
| EV/EBITDA | 14.07 |
| Price/Free Cashflow | 25.36 |
| MarketCap/EBT | 17.77 |
| Enterprise Value | 7.11 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 11.7% |
| Price Change 1M | -6.8% |
| Price Change 6M | -21.2% |
| Price Change 1Y | -10.8% |
| 3Y Cumulative Return | 56% |
| 5Y Cumulative Return | 43.1% |
| 7Y Cumulative Return | 22.5% |
| 10Y Cumulative Return | 7.8% |
| Revenue (TTM) |
| 3.6 kCr |
| Rev. Growth (Yr) | 20.8% |
| Earnings (TTM) | 320.3 Cr |
| Earnings Growth (Yr) | 20.6% |
Profitability | |
|---|---|
| Operating Margin | 12% |
| EBT Margin | 12% |
| Return on Equity | 13.75% |
| Return on Assets | 5.86% |
| Free Cashflow Yield | 3.94% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -121 Cr |
| Cash Flow from Operations (TTM) | 355.2 Cr |
| Cash Flow from Financing (TTM) | 34 Cr |
| Cash & Equivalents | 582.2 Cr |
| Free Cash Flow (TTM) | 350.7 Cr |
| Free Cash Flow/Share (TTM) | 56.37 |
Balance Sheet | |
|---|---|
| Total Assets | 5.46 kCr |
| Total Liabilities | 3.13 kCr |
| Shareholder Equity | 2.33 kCr |
| Current Assets | 4.36 kCr |
| Current Liabilities | 2.46 kCr |
| Net PPE | 64.2 Cr |
| Inventory | 45.1 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.04 |
| Debt/Equity | 0.1 |
| Interest Coverage | 4.23 |
| Interest/Cashflow Ops | 5.46 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 4 |
| Dividend Yield | 0.33% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.10% |
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 9% is a good sign.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Past Returns: Outperforming stock! In past three years, the stock has provided 56% return compared to 13% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
No major cons observed.
Size: Market Cap wise it is among the top 20% companies of india.
Profitability: Recent profitability of 9% is a good sign.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Past Returns: Outperforming stock! In past three years, the stock has provided 56% return compared to 13% by NIFTY 50.
Technicals: Bullish SharesGuru indicator.
No major cons observed.
Investor Care | |
|---|---|
| Dividend Yield | 0.33% |
| Dividend/Share (TTM) | 4 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 51.55 |
Financial Health | |
|---|---|
| Current Ratio | 1.77 |
| Debt/Equity | 0.1 |
Technical Indicators | |
|---|---|
| RSI (14d) | 49.98 |
| RSI (5d) | 95.89 |
| RSI (21d) | 41.7 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Summary of VA Tech Wabag's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management provided a positive outlook during the earnings call for Q2 and H1 FY26. VA Tech Wabag reported a 20% year-on-year growth in profit after tax (PAT), maintaining a PAT margin of 10%. The consolidated revenue for H1 stood at INR 1,569 crore, with standalone revenue at INR 1,330 crore, marking over 18% growth year-on-year. The EBITDA for H1 reached INR 216 crore, representing a margin of 13.8%, in alignment with their medium-term target of 13%-15%.
A significant element of management's forward-looking commentary included an order book that exceeded INR 160 billion, with 62% from Engineering, Procurement, and Construction (EPC) and 38% from Operation and Maintenance (O&M). They highlighted securing marquee projects worth over INR 30 billion and emphasized the contribution of international projects, which accounted for nearly 50% of revenue.
Key initiatives discussed included breakthrough orders in the Future Energy Solutions sector, particularly in solar energy, with an advanced technology order to deliver Ultra-Pure Water for RenewSys' solar cell manufacturing facility in Hyderabad. Management outlined their aim to increase the share of O&M projects for stable cash flow and value creation, evidenced by a repeat O&M order valued at 5.12 million Bahraini Dinars (approximately INR 1,181 million).
Looking ahead, management expressed confidence in sustained growth driven by a healthy order pipeline, improved cash management, and a commitment to strategic market expansions in emerging sectors such as Green Hydrogen and data centers.
Overall, WABAG's focus remains on disciplined financial management, innovative solutions, and capitalizing on its leadership in the global water technology space to create long-term stakeholder value.
Understand VA Tech Wabag ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| RAJIV MITTAL | 15.59% |
| REKHA JHUNJHUNWALA | 8.03% |
| VARADARAJAN S | 3.51% |
| MOTILAL OSWAL SMALL CAP FUND | 2.12% |
| FEDERATED HERMES INVESTMENT FUNDS PLC ON BEHALF OF FEDERATED HERMES GLOBAL EMERGING MARKETS EQUITY FUND | 1.88% |
| BASERA HOME FINANCE PRIVATE LIMITED | 1.24% |
| ISHARES II PUBLIC LIMITED COMPANY - ISHARES GLOBAL WATER UCITS ETF |
Detailed comparison of VA Tech Wabag against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Comprehensive comparison against sector averages
WABAG metrics compared to Other
| Category | WABAG | Other |
|---|---|---|
| PE | 23.22 | 17.61 |
| PS | 2.07 | 2.82 |
| Growth | 20 % | 1.9 % |
VA Tech Wabag Limited, together with its subsidiaries, engages in the design, supply, installation, construction, operation, and maintenance of drinking water, waste and industrial water treatment, and desalination plants in India and internationally. The company offers sewage treatment, water treatment, effluent treatment, water reclamation, water recycle and reuse, desalination, wastewater treatment, energy recovery, and sludge treatment services for municipal and industrial users; and engineering, procurement, construction, and operation and maintenance services, as well as operation of water and wastewater projects. It serves oil and gas, power plants, steel, fertilizer, food and beverage, industrial park, and other industries. The company was formerly known as Balcke Durr and Wabag Technologies Limited and changed its name to VA Tech Wabag Limited in April 2000. VA Tech Wabag Limited was incorporated in 1995 and is headquartered in Chennai, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
WABAG vs Other (2021 - 2026)
Here are the major questions from the Q&A section of the earnings transcript along with detailed answers provided in a first-person perspective:
Kishore Kumar: "Sir, my first question is on the gross margin impact. Is it because of the EP via-a-vis EPC proportion, and that change actually led to some impact at the gross margin level?"
Skandaprasad S.: "Yes, the mix of projects influences our margins. While our mid-term guidance remains between 13% to 15%, we recorded a margin of 13.8% this quarter, indicating growth in margins year-over-year despite varying project types impacting our exposure."
Kishore Kumar: "Do we hedge 100% of the invoicing value whenever we raise an invoice for overseas projects?"
Rajiv Mittal: "We only hedge the delta. Our business has inherent natural hedges; we receive payments while maintaining a balance of liabilities in foreign currencies, so we generally don't hedge the full amount."
Priya: "Can you provide us out of the overall order backlog of INR160 billion, the mix between the EP and the EPC?"
Skandaprasad S.: "The current mix is approximately 80%-20% in favor of EPC, but it can fluctuate. Every order is evaluated similarly, focusing on benchmark margins."
Priya: "Can you please explain, what is the status on the O&M projects?"
Rajiv Mittal: "We're emphasizing O&M both domestically and internationally. The Saudi Arabian privatization efforts are key, with a significant pipeline of projects expected. We are positioned to capitalize on long-term operations and maintenance contracts with lucrative revenue streams."
Sunil Madhok: "Please elaborate on our preferred order book for Doha's desalination plant and its current status?"
Rajiv Mittal: "We are the declared L1 bidder for a project in Kuwait, currently under evaluation. This process typically takes several months, and we expect updates within that timeframe."
Anupam Goswami: "What can you tell us about our pipeline in the second half?"
Rajiv Mittal: "We have a solid order pipeline, with over INR30 billion in preferred bids expected to convert shortly. Our focus remains on desalination and sewage treatment projects, ensuring robust order inflow."
Tanubhav: "Is there any update on the demand from the Customs department for INR87 crore?"
Skandaprasad S.: "We are actively pursuing legal recourse against this demand, confident in our argument. We'll update our stakeholders as we progress through the appellate process."
This summary captures the essence of the Q&A session while adhering to character limits and ensuring clarity of responses.
| 1.16% |
Distribution across major stakeholders
Distribution across major institutional holders
| -3.90% |
| -16.70% |
| 48.73 |
| 3.31 |
| - |
| - |
| PRAJIND | Praj Industries | 5.32 kCr | 3.23 kCr | -10.00% | -51.80% | 50.46 | 1.65 | - | - |
| IONEXCHANG | Ion Exchange (India) | 5.3 kCr | 2.94 kCr | -4.60% | -34.20% | 23.55 | 1.8 | - | - |
| -32.8% |
| 87 |
| 129 |
| 94 |
| 87 |
| 72 |
| 99 |
| Exceptional items before tax | -225% | 0 | 1.8 | -2.7 | 0 | -2.2 | 0.5 |
| Total profit before tax | -33.8% | 87 | 131 | 91 | 87 | 70 | 100 |
| Current tax | -16.7% | 21 | 25 | 20 | 19 | 14 | 31 |
| Deferred tax | -122% | -0.3 | 6.9 | 1 | 2.8 | 0.8 | -9.1 |
| Total tax | -35.5% | 21 | 32 | 21 | 22 | 15 | 22 |
| Total profit (loss) for period | -34.3% | 66 | 100 | 70 | 70 | 55 | 71 |
| Other comp. income net of taxes | 93.8% | 32 | 17 | -17.5 | 0.3 | -1.9 | -1.4 |
| Total Comprehensive Income | -15.7% | 98 | 116 | 53 | 71 | 53 | 69 |
| Earnings Per Share, Basic | -46.3% | 10.58 | 18.83 | 8.51 | 11.35 | 8.84 | 11.64 |
| Earnings Per Share, Diluted | -46.3% | 10.43 | 18.56 | 8.39 | 11.19 | 8.74 | 11.64 |
| 0% |
| 59 |
| 59 |
| 60 |
| 75 |
| 75 |
| 77 |
| Depreciation and Amortization | -37.5% | 3 | 4.2 | 4.15 | 5.32 | 6.06 | 6.67 |
| Other expenses | -22.4% | 46 | 59 | 77 | 113 | 116 | 145 |
| Total Expenses | 14.6% | 2,549 | 2,225 | 2,095 | 2,049 | 1,755 | 1,669 |
| Profit Before exceptional items and Tax | 14.6% | 362 | 316 | 291 | 122 | 98 | 98 |
| Exceptional items before tax | - | 0 | 0 | -289.23 | 0 | 0 | 0 |
| Total profit before tax | 14.6% | 362 | 316 | 2.05 | 122 | 98 | 98 |
| Current tax | -9.5% | 77 | 85 | 7.45 | 36 | 26 | -35.08 |
| Deferred tax | 303.4% | 13 | -4.9 | -6.67 | -6.25 | -0.99 | 74 |
| Total tax | 12.7% | 90 | 80 | 0.78 | 30 | 25 | 39 |
| Total profit (loss) for period | 14.9% | 271 | 236 | 1.27 | 92 | 73 | 59 |
| Other comp. income net of taxes | 31.8% | -0.5 | -1.2 | -0.09 | 0.26 | 0.48 | 1.16 |
| Total Comprehensive Income | 15.4% | 271 | 235 | 1.18 | 92 | 74 | 60 |
| Earnings Per Share, Basic | 15.3% | 43.54 | 37.91 | 35.01 | 14.86 | 12.57 | 10.96 |
| Earnings Per Share, Diluted | 13.6% | 42.92 | 37.91 | 0.2 | 14.86 | 12.57 | 10.96 |
| 144 |
| 141 |
| 140 |
| 130 |
| 130 |
| 95 |
| Loans, non-current | - | 0 | 0 | 0 | 44 | 0 | 0 |
| Total non-current financial assets | 12.9% | 867 | 768 | 704 | 703 | 695 | 680 |
| Total non-current assets | 14.1% | 997 | 874 | 819 | 826 | 855 | 846 |
| Total assets | 2% | 4,497 | 4,410 | 3,801 | 3,714 | 3,334 | 3,072 |
| Borrowings, non-current | -19% | 48 | 59 | 70 | 79 | 90 | 45 |
| Total non-current financial liabilities | -12.9% | 257 | 295 | 241 | 472 | 219 | 186 |
| Provisions, non-current | 0% | 4.8 | 4.8 | 4.3 | 4.3 | 3.9 | 3.87 |
| Total non-current liabilities | 14.2% | 549 | 481 | 468 | 477 | 424 | 197 |
| Borrowings, current | -63.6% | 64 | 174 | 228 | 85 | 117 | 158 |
| Total current financial liabilities | -0.7% | 1,164 | 1,172 | 993 | 999 | 909 | 1,055 |
| Provisions, current | 16.7% | 148 | 127 | 116 | 93 | 79 | 25 |
| Current tax liabilities | -115.2% | 0 | 7.6 | 0 | 18 | 0 | 0 |
| Total current liabilities | -4.5% | 2,049 | 2,145 | 1,722 | 1,741 | 1,548 | 1,614 |
| Total liabilities | -1.1% | 2,597 | 2,626 | 2,190 | 2,218 | 1,972 | 1,811 |
| Equity share capital | 0% | 12 | 12 | 12 | 12 | 12 | 12 |
| Total equity | 6.5% | 1,900 | 1,784 | 1,611 | 1,496 | 1,363 | 1,262 |
| Total equity and liabilities | 2% | 4,497 | 4,410 | 3,801 | 3,714 | 3,334 | 3,072 |
| 76.5% |
| 504 |
| 286 |
| 242 |
| -27.82 |
| - |
| - |
| Dividends received | 4.4% | -20.7 | -21.7 | 0 | 0 | - | - |
| Interest paid | 0.5% | -18.6 | -18.7 | 0 | 0 | - | - |
| Income taxes paid (refund) | 370.6% | 81 | 18 | 24 | 11 | - | - |
| Net Cashflows From Operating Activities | 59.1% | 421 | 265 | 218 | -38.37 | - | - |
| Proceeds from sales of PPE | - | 0 | 0 | 0.47 | 1.85 | - | - |
| Purchase of property, plant and equipment | -12.8% | 4.4 | 4.9 | 0.69 | 1.91 | - | - |
| Proceeds from sales of investment property | -100% | 0 | 0.5 | 0 | 0 | - | - |
| Purchase of investment property | -75.6% | 11 | 42 | 0 | 0 | - | - |
| Proceeds from sales of intangible assets | - | 0.6 | 0 | 0 | 0 | - | - |
| Dividends received | -111.1% | 0 | 10 | 0.51 | 8.02 | - | - |
| Interest received | 40% | 15 | 11 | 7.36 | 4.07 | - | - |
| Other inflows (outflows) of cash | -860% | -143.4 | 20 | -12.63 | -13.68 | - | - |
| Net Cashflows From Investing Activities | -2568.5% | -143.1 | -4.4 | -49.47 | -39.81 | - | - |
| Proceeds from borrowings | 113.5% | 80 | 38 | 0 | 0 | - | - |
| Repayments of borrowings | -80.5% | 16 | 78 | 200 | -82.16 | - | - |
| Payments of lease liabilities | - | 0 | 0 | 0 | 0.1 | - | - |
| Interest paid | 12.5% | 19 | 17 | 27 | 34 | - | - |
| Net Cashflows from Financing Activities | 176% | 45 | -56.9 | -227.22 | 48 | - | - |
| Effect of exchange rate on cash eq. | 111.1% | 1.1 | 0.1 | -0.33 | 1.88 | - | - |
| Net change in cash and cash eq. | 59.1% | 324 | 204 | -58.68 | -28.06 | - | - |
Analysis of VA Tech Wabag's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Rest of the world | 56.2% | 552.1 Cr |
| India | 42.7% | 419.6 Cr |
| Un-allocable revenue | 1.2% | 11.5 Cr |
| Total | 983.2 Cr |