Designs, builds and commissions water and wastewater treatment systems, manufactures water treatment chemicals and resins, and sells consumer water purification products. The Engineering segment — water and wastewater treatment plants and filtration units for industrial and municipal customers — generated ₹1,757.76 crore, or 58.5% of segment revenue in FY26, but earned only a 5.1% EBIT margin. The Chemicals segment, producing treatment chemicals and resins for industrial water users, brought in ₹867.72 crore (28.9% of segment revenue) at a 21.0% EBIT margin. The Consumer Products segment, selling home water purifiers and related items to retail buyers, earned ₹379.42 crore (12.6%) but recorded a small EBIT loss. The order book stands at ₹23,378 million with a bid pipeline of ₹95,090 million, supported by recent wins including a USD 52.83 million (~₹503 crore) contract from Hyundai Engineering & Construction for Middle East filtration units, commissioning of an IOCL Raw Water Treatment Plant, and a technology partnership with MANN + HUMMEL for UF membranes. Materials are the largest input cost at 61.5% of revenue, followed by employee costs at 14.2% and capex at 8.7%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Engineering (59%), Chemicals (29%), Consumer Products (13%). Project-driven engineering, specialty chemicals manufacturing, and consumer water products
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,577 | 1,990 | 2,348 | 2,737 | 2,915 |
| EBITDA (ex other income) | 213 | 255 | 272 | 294 | 193 |
| margin % | 13.5 | 12.8 | 11.6 | 10.7 | 6.6 |
| Owners' profit | 163 | 197 | 196 | 208 | 143 |
| EPS, as reported (₹) | 137.30 | 165.95 | 16.53 | 17.53 | 12.03 |
| ROE % · ROCE % | 24.7 · 32.5 | 23.3 · 30.0 | 19.2 · 23.5 | 17.2 · 19.6 | 10.7 · 12.3 |
| Debt / equity (x) | 0.07 | 0.06 | 0.13 | 0.25 | 0.34 |
| Cash from operations | 91 | 63 | 130 | 32 | (28) |
| Capex | (50) | (60) | (120) | (320) | (254) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 644 | 691 | 835 | 583 | 734 | 734 | 863 | 700 |
| Profit before tax | 68 | 69 | 85 | 65 | 68 | 28 | 33 | 7 |
| Net profit | 51 | 50 | 63 | 48 | 50 | 21 | 24 | 3 |
| EPS (₹) | 4.30 | 4.10 | 5.34 | 4.11 | 4.18 | 1.71 | 2.04 | 0.35 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Engineering | 1,758 | 58.5 |
| Chemicals | 868 | 28.9 |
| Consumer Products | 379 | 12.6 |
| Unallocated | 1 | 0.0 |
| Total, before eliminations | 3,006 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| VA TECH WABAG LTD | 14,263 | 29.7 | 5.54 | 24.2 | 14.4 | 15.5 | 6.8 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Voting results of 62nd AGM - all 4 resolutions passed | board shareholder meetings | low | — | — |
| 11 Sept 2026 · 62nd AGM held on Sept 11, 2026; all 4 resolutions passed with majority | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Newspaper publication of 62nd AGM notice submitted to exchanges | compliance | minimal | — | — |
| 18 Aug 2026 · 62nd AGM on Sep 11, 2026; dividend record date Aug 31, 2026 | compliance | minimal | — | — |
| 18 Aug 2026 · 62nd Annual Report for FY 2025-26 submitted | results | high | — | — |
| 18 Aug 2026 · Ion Exchange FY2025-26 BRSR sets 2030 carbon neutrality target | compliance | low | — | — |
| 18 Aug 2026 · Notice of 62nd AGM on September 11, 2026 via video conference | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Conference call transcript on segment reclassification and Q1 FY27 update | investor communications | medium | — | — |
| 10 Aug 2026 · Audio recording of Q1 FY26-27 earnings call now available | investor communications | low | — | — |
| 10 Aug 2026 · Ion Exchange files revised FY27 investor presentation with segment details | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 14.8 |
| ION EXCHANGE (INDIA) LTD ◆ | 6,543 | 53.9 | 4.88 | 24.4 | 10.7 | 10.9 | 15.0 | 5.4 |
| ENVIRO INFRA ENGINEERS L | 3,647 | 20.1 | 2.95 | 12.9 | 15.2 | 16.5 | — | 22.7 |
| DENTA WATER N INFRA SOL L | 764 | 12.2 | 1.66 | 9.0 | 13.3 | 17.8 | — | 26.3 |
| JITF INFRALOGISTICS LTD | 753 | — | — | 8.1 | 2.2 | 1.6 | 24.8 | 19.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 53.9 | 16.1 | 14 of 14 | 0% |
| P/B | 4.9 | 2.5 | 9 of 11 | 20% |
| ROCE | 10.9 | 15.4 | 13 of 16 | 20% |
| ROE | 10.7 | 13.4 | 8 of 12 | 36% |
| Debt / Equity | 0.3 | 0.2 | 9 of 12 | 27% |
| EBITDA margin | 5.4 | 17.6 | 11 of 12 | 9% |
| Revenue growth | 20.1 | 20.8 | 9 of 13 | 33% |
| Profit growth | (93.7) | (16.7) | 8 of 10 | 22% |
| Market cap | 6543 | 807 | 2 of 16 | 93% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
