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VA Tech Wabag Limited

VA Tech Wabag Limited

WABAG.BO
VA Tech Wabag LimitedIN flagBombay Stock Exchange
2,166.00
INR
+114.30
- -
134.82BMarket Cap
VA Tech Wabag Limited
WABAG.BO
(Bombay Stock Exchange)

Recent

price

2,166.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
250.73
272.01
302.21
419.55
449.67
459.87
586.46
627.86
498.1
461.5
478.77
473.75
473.75
454.56
558.74
747.75
648.63
Revenue per Share
10.61
13.95
17.04
21.32
20.39
16.3
18.78
24.08
19.21
16.63
18.83
21.21
2.09
39.49
50.09
70.24
60.95
Basic EPS, GAAP
1.5
-21.79
7.51
1.72
-4.29
-42.71
-1.43
-40.68
-14.46
44.09
20.57
0.98
12.82
19.55
59.49
38.2
- -
Free Cash Flow per Basic Share
- -
2
3
3.49
3.96
4.84
4.83
4.9
4.21
0.33
0.22
- -
- -
- -
- -
4.72
- -
Dividend per Share
34.97
41.79
52.92
68.53
82.19
93.36
94.27
113.03
102.58
119.18
130.56
143.96
145.99
187.5
2.1
2.37
2.06
Book Value per Share
112.09
118.86
129.7
143.81
138.81
158.25
172.6
199.45
187.49
213.88
238.35
244.82
252.6
292.7
363.32
487.38
422.77
Tangible Book Value per Share
50
53
53
53
54
54
55
55
55
55
58
62
62
62
59
53
61
Basic Weighted Avg Shares
12,418
14,382
16,022
22,302
24,284
25,034
31,982
34,288
27,232
25,240
27,994
29,463
29,463
28,269
32,940
39,442
39,442
Sales/Revenue/Turnover
8.94
9.05
9.49
9.84
9.41
9.82
10.12
9.95
10.67
11.4
11.54
11.63
11.64
13.35
12.64
11.95
11.6
Operating Margin (%)
106
86
109
150
109
205
191
178
168
154
121
101
88
84
59
62
62
Depreciation Expense
526
738
903
1,134
1,101
887
1,024
1,315
1,050
910
1,101
1,319
130
2,456
2,953
3,705
3,706
Net Income, GAAP
37.9
34.15
33.72
31.64
33.9
42.52
37.26
34.48
18.68
36.65
22.62
21.57
34.91
24.14
23.31
24.31
24.31
Effective Tax Rate (%)
4.23
5.13
5.64
5.08
4.53
3.54
3.2
3.84
3.86
3.6
3.93
4.48
0.44
8.69
8.96
9.39
9.4
Profit Margin (%)
4,925
5,542
5,814
6,709
6,239
5,739
6,297
7,251
6,704
7,458
9,396
7,944
7,707
14,704
17,600
21,067
21,067
Working Capital
3
4
26
450
693
501
632
499
996
306
1,382
984
582
1,934
1,786
1,557
1,557
LT Debt
5,710
6,430
7,173
8,440
8,340
9,285
10,104
11,624
10,856
11,722
13,963
15,259
15,745
18,239
21,450
25,737
25,737
Total Equity
12.61
12.57
13.19
17.22
15.41
12.18
15.52
15.84
15.48
11.92
15.99
15.58
12.63
15.53
14.27
13.43
13.05
Return on Invested Capital (%)
25.53
28.71
26.75
26.32
20.77
13.36
12.5
13.51
13.38
11.52
12.96
13.21
2.76
20.11
38.73
136.37
136.41
Return on Capital (%)
33.8
37.42
36.03
35.16
27.25
18.64
20.03
23.25
17.83
15
15.56
15.91
1.44
23.68
50.11
2,975.9
2,976.71
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
734
- -
727
LT Borrowings
1,642
- -
1,534
LT Finance Leases
28
- -
23
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
62
- -
62
Market Capitalization
85,988
77,994
70,407

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
43,595
- -
50,886
Cash, Cash Equivalents & STI
8,319
- -
11,123
Accounts Receivable, Net
22,235
- -
25,236
Inventories
451
- -
358
Total Current Liabilities
24,580
- -
29,819
Payables & Accruals
- -
- -
- -
ST Debt
734
- -
727
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.03%
13.18%
19.99%
Free Cash Flow
344.15%
261.16%
-42.54%
Net Income, GAAP
179.6%
352.92%
25.47%
Sales/Revenue/Turnover
- -
- -
19.74%
Total Cash Common Dividend
- -
- -
1,815.38%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,528
6,650
7,044
9,047
28,269
2025
6,265
7,003
8,110
11,562
32,940
2026
7,340
8,345
9,613
14,144
39,442

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.04
9.68
10.11
- -
39.49
2025
8.84
11.35
11.29
18.83
50.09
2026
10.58
13.63
14.73
22.68
70.24

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
4.72
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Business
VA Tech Wabag Limited, an Indian multinational water technology company headquartered in Chennai and founded in 1995 with roots tracing back to 1924, specializes in the design, engineering, procurement, construction, installation, commissioning, operation, and maintenance of water and wastewater treatment solutions for municipal and industrial clients across more than 25 countries. The company offers a comprehensive portfolio of services including drinking water treatment plants; sewage and municipal wastewater treatment plants; industrial effluent treatment and zero liquid discharge systems; seawater and brackish water desalination plants; sludge treatment and energy recovery facilities; water recycling and reuse solutions; as well as consulting, advanced technologies such as membrane filtration and aerobic granulation, and long-term operations and maintenance contracts, serving sectors like oil and gas, power, steel, food and beverage, and renewable energy. Geographically, VA Tech Wabag operates primarily in India while maintaining a global footprint with projects benefiting over 88 million people through more than 6,500 executed initiatives. In recent developments, the company secured a non-binding USD 100 million equity partnership in March 2025 with an investor consortium including Norfund to establish a municipal water project platform over 3-5 years, where it acts as technical partner for EPC and O&M services; committed its first investment under the BLUE SEED initiative in November 2025 to Bengaluru-based Nimble Vision for water conservation DeepTech solutions; won a Rs 46.5 crore contract in August 2025 from RenewSys for industrial water treatment at its Hyderabad solar cell facility; and obtained an ADB-funded 255 MLD design-build-operate order in Nepal in November 2025 valued at USD 30-75 million.