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NSE:WABAG

VA TECH WABAG LTD

Utilities › Other Utilities·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹1,804.60
at close · 28 Oct 2026
▼ 21.60 (-1.18%)

Latest filings

Next results: Thu, 5 Nov · Financial Results
  1. Board meeting set for November 5 to approve September quarter results · Results
  2. WABAG wins RIL water treatment order worth over Rs 1,000 crore · Business Updates
  3. Compliance filing: Quarterly dematerialisation certificate for Q2 FY27 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Designs, builds and operates water and wastewater treatment plants, with revenue split between Engineering, Procurement and Construction (EPC) projects and multi-year Operations and Maintenance (O&M) contracts. Customers are government and municipal water utilities — examples include Bangalore Water Supply and Sewerage Board (a 100 MLD STP plus 25 MLD tertiary plant at Byramangala and a 60 MLD STP at Bellandur), the City of Vienna (~86 MLD Donauinsel expansion), and authorities in Saudi Arabia, Kuwait, UAE, Zambia, Peru and Bangladesh. FY26 segment revenue was 56.2% India and 42.6% Rest of the World; on that revenue, overseas operations generated Rs 428.4 cr of segment EBIT versus Rs 306.6 cr from India. Materials at 76.1% of FY26 revenue is the dominant cost, reflecting EPC construction inputs. The asset-light model keeps capex at 0.1% of revenue, with employees at 7.6% and other opex at 4.1%.

Revenue mix · reported segments
India56.2%
Rest of the world42.6%
Un-allocable revenue1.1%
Operating scale
Order book
Rs 16,300 cr (64% EPC / 36% O&M)Q3 FY26
International share of order book
50%Q3 FY26
Net cash ex-HAM debt
Rs 1,000+ cr (Rs 891 cr reported)Q3 FY26
Net working capital
101 daysQ3 FY26
Consecutive net-cash quarters
12Q3 FY26
Vienna Donauinsel design capacity
~86 MLDFY26
Who pays it
Government and municipal water utilities (e.g. Bangalore BWSSB, City of Vienna), with multilateral/sovereign-funded projects across the Middle East, Africa, CIS, Southeast Asia and South Asia.
Biggest cost
Materials at 76.1% of revenue (EPC construction inputs)
Kind of business
Asset-light water EPC and O&M business, project-driven with multi-year O&M annuity component
Where it sits
India-listed water company with international project footprint across the Middle East, Africa, CIS, Southeast Asia, South Asia and Europe
Market Cap
₹11,279 Cr
P / E (TTM)
23.5×
EV / EBITDA
15.3×
Div Yield
0.22%
Growth
6.8%▲
Revenue 5y CAGR
PAT +29.7% · EBITDA +20.1%
Quality
16.6%▲
ROCE (5y median)
ROE 13.7% (5y median) · margin 14.4%
Leverage
0.09·
Debt / Equity · low
Net cash ₹557 Cr
Revenue FY21→FY26
1.4×▲
Margin +5.8 pts
₹2,834 Cr → ₹3,944 Cr
Cash conversion
0.79×·
Operating cash ÷ profit · 5 yrs
₹839 Cr on ₹1,059 Cr
Moves on a normal day
1.34%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 15 Other Utilities peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#11/14
P/B#10/11
ROCE#8/16
ROE#5/11
Debt / Equity#3/11
EBITDA margin#8/12
Revenue growth#7/13
Profit growth#4/10

Scorecard

Measured from the filed financials, judged against its Other Utilities peers · as of FY26 — not investment advice

Strengths
Profit compounding 30% a year over 5 years
Returns on capital 16.6% (5-year median)
#8 of 16 in Other Utilities on the latest reported figures · up from 12.0% in FY21
Debt at 0.09× equity
lower than 80% of its 11 Other Utilities peers
Concerns
Customers are taking longer to pay — 174 → 234 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

WABAG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from VA TECH WABAG LTD's filed financials and exchange disclosures

What does VA TECH WABAG LTD do?

VA TECH WABAG LTD is a Other Utilities company listed on NSE and BSE, trading under the symbol WABAG.

Is VA TECH WABAG LTD profitable?

Yes. Over the trailing twelve months VA TECH WABAG LTD reported a net profit of ₹460 Cr on revenue of ₹4,831 Cr.

Does VA TECH WABAG LTD pay a dividend?

Yes. The dividend yield is 0.22% at the current price. It paid out 7% of its profit as dividend in FY26.

Is VA TECH WABAG LTD debt-free?

On a net basis, yes. It reported borrowings of ₹228 Cr on its 31 Mar 2026 balance sheet, but holds ₹557 Cr more cash than debt.

Is VA TECH WABAG LTD expensive compared with its peers?

On trailing P/E, VA TECH WABAG LTD ranks 11 of 14 in Other Utilities — cheaper than 23% of them, against an industry median of 13.7×. This is a position, not a valuation judgement.

How much does the VA TECH WABAG LTD share price move in a day?

On a typical session VA TECH WABAG LTD moves 1.34% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are VA TECH WABAG LTD's next results?

Financial Results on Thu, 5 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track VA TECH WABAG LTD's announcements?

Every NSE and BSE filing by VA TECH WABAG LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.