VA Tech Wabag Limited
₹1,807.95-₹58.10 (-3.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹7,383 Cr
- P/E
- 25.1x
- EV / EBITDA
- 18.1x
- Revenue
- ₹2,874 Cr
- Net margin
- 9.4%
- ROCE
- 21.0%
Price chart
Technical chartScreen technicals →+27.6% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -12.4%
- 3M
- -4.3%
- 6M
- +19.8%
- 1Y
- +27.6%
- 5Y
- +428.4%
52-week range
Day change -₹58.10 (-3.1%) from ₹1,866 to ₹1,808 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in WABAG, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 32.0%
Concerns0
Rule-based from financial data. Not advice.
About the company
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.
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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, effluent treatment, water treatment, water reclamation, water recycling 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.
- Sector
- Technology
- Shares outstanding
- 6.2 Cr shares
- ISIN
- INE956G01038
- BSE code
- 533269
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹7,383 Cr
- P/E
- 25.1x
- P/B
- 3.9x
- EV / EBITDA
- 18.1x
- EV / Sales
- 2.7x
- P/S
- 2.9x
- Earnings yield
- 4.0%
- 52-week high
- ₹2,276.90
- 52-week low
- ₹1,048.75
Profitability
- Operating margin
- 13.9%
- Net margin
- 9.4%
- EBITDA margin
- 15.1%
- ROE
- 15.8%
- ROCE
- 21.0%
- ROA
- 6.4%
- Dividend payout
- 0.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 9.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,874 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹379 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 474.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 14.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 32.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹265 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.6%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹324 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 20.9%
Solvency and efficiency
- Current ratio
- 1.78
- Debt / Equity
- 0.11
- Debt / Assets
- 0.04
- Debt / EBITDA
- 0.43
- Interest coverage
- 5.90
- Financial leverage
- 2.48
- CFO / Net profit
- 1.12
- Cash / Market cap
- 47.7%
- Cash per share
- ₹566.09
- Asset turnover
- 0.68
- Fixed asset turnover
- 41.83
- Capital intensity
- 0.02
- Debtor days
- 264 days
- Cash conversion cycle
- 264 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹9 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,487 Cr |
| Sales | Operating profit | ₹387 Cr |
| Operating profit | Interest | ₹59 Cr |
| Operating profit | Depreciation | ₹3 Cr |
| Operating profit | Profit before tax | ₹325 Cr |
| Other income | Profit before tax | ₹37 Cr |
| Profit before tax | Tax and other | ₹91 Cr |
| Profit before tax | Net profit | ₹271 Cr |
Revenue and net profit
Revenue grew 14.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,843 Cr | ₹73 Cr |
| FY2022 | ₹2,143 Cr | ₹92 Cr |
| FY2023 | ₹2,325 Cr | ₹1 Cr |
| FY2024 | ₹2,510 Cr | ₹236 Cr |
| FY2025 | ₹2,874 Cr | ₹271 Cr |
Cash flows
FY2025: ₹421 Cr from operations, ₹279 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹105 Cr | ₹126 Cr |
| FY2022 | -₹38 Cr | -₹76 Cr |
| FY2023 | ₹218 Cr | ₹168 Cr |
| FY2024 | ₹265 Cr | ₹261 Cr |
| FY2025 | ₹421 Cr | ₹279 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,874 Cr+14.5%1Y
- Net profit
- ₹271 Cr+14.8%1Y
- Cash from operations
- ₹421 Cr
- Free cash flow
- ₹279 Cr+6.9%1Y
- Revenue CAGR, 5Y
- 7.5%
- EBITDA CAGR, 5Y
- 15.9%
- Net profit CAGR, 5Y
- 32.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,874 Cr | ₹387 Cr | — | ₹271 Cr | ₹421 Cr | ₹279 Cr | 15.2% | +14.5% | +14.8% |
Monthly returns
Month-by-month returns of WABAG across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹4,410 Cr |
| Equity capital | ₹12 Cr |
| Reserves | ₹1,771 Cr |
| Borrowings | ₹234 Cr |
| Other liabilities | ₹2,393 Cr |
| Assets | ₹4,410 Cr |
| Fixed assets | ₹61 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹141 Cr |
| Other assets | ₹4,208 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
WABAG trades at 25.1x earnings against a peer median of 52.1x (a 52% discount).
Not shown (no positive earnings and no EV / Sales): Tejas Networks Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| VA Tech Wabag LimitedWABAGthis companyP/E ↓ discount | ₹7,383 Cr | 25.1x | 3.9x | 15.8% | 18.1x |
| MTAR Technologies LimitedMTARTECH | ₹8,101 Cr | 175.0x | 10.8x | 8.3% | 69.2x |
| RateGain Travel Technologies LimitedRATEGAIN | ₹7,819 Cr | 94.5x | 5.6x | 3.4% | 119.9x |
| Thyrocare Technologies LimitedTHYROCARE | ₹7,453 Cr | 62.0x | 14.4x | 13.8% | 52.5x |
| GARWARE HI-TECH FILMS LIMITEDGRWRHITECH | ₹6,982 Cr | 21.8x | 2.9x | 9.2% | 23.9x |
| Tejas Networks LimitedTEJASNET | ₹6,668 Cr | — | 2.0x | 2.6% | 21.5x |
| TANLA PLATFORMS LIMITEDTANLA | ₹6,599 Cr | 25.4x | 13.0x | 25.7% | 34.5x |
| Happiest Minds Technologies LimitedHAPPSTMNDS | ₹6,535 Cr | 31.9x | 4.2x | 16.7% | 16.6x |
| GARWARE TECHNICAL FIBRES LIMITEDGARFIBRES | ₹6,415 Cr | 32.7x | 5.0x | 16.2% | 21.3x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
WABAG since 1 January, against earlier years.
Historical volatility
WABAG's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 9.0% |
| FY2022 | 8.0% |
| FY2023 | 13.0% |
| FY2024 | 14.0% |
| FY2025 | 13.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,874 Cr |
| Costs | |
| Interest | ₹59 Cr |
| Expenses | ₹2,487 Cr |
| Operating profitOperating Profit | ₹387 Cr |
| Other income and charges | |
| Profit before tax | ₹362 Cr |
| Tax | |
| Net profitNet Profit | ₹271 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4,410 Cr |
| Equity capitalEquity Capital | ₹12 Cr |
| Reserves | ₹1,771 Cr |
| Borrowings | ₹234 Cr |
| Other liabilitiesOther Liabilities | ₹2,393 Cr |
| AssetsTotal Assets | ₹4,410 Cr |
| Fixed assetsFixed Assets | ₹61 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹141 Cr |
| Other assetsOther Assets | ₹4,208 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹421 Cr |
| Investing cash flowCash from Investing Activity | -₹142 Cr |
| Financing cash flowCash from Financing Activity | ₹45 Cr |
| Change in cashNet Cash Flow | ₹324 Cr |
Learn while you research
Academy chapters picked for VA Tech Wabag Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read