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VA Tech Wabag Ltd (WABAG) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 533269 NSE: WABAG | Environmental Services | Small Cap

VA Tech Wabag Share Price

1,503.15 15.10 (1.01%)
As on 22-Apr'26 09:47

VA Tech Wabag Ltd (WABAG)

BSE: 533269 NSE: WABAG
Key Metrics
Market Cap
₹9,272 Cr.
P/E Ratio
27.13
Price to Book (P/B)
3.84
Price to Sales (P/S)
2.52
EV/EBITDA
16.29
Return on Capital Employed (ROCE)
20.15%
Current Price
₹1,503.2
Return on Equity (ROE)
14.96%
Return on Assets (ROA)
6.04%
Operating Profit Margin
12.2%
Net Profit Margin
8.95%
Gross Profit Margin
11.8%
Book Value per Share
₹387.4
Sales Growth (YoY)
15.32%
Sales Growth (3 Years)
3.4%
Operating Profit Growth (1 Year)
6.95%
Operating Profit Growth (3 Years)
19.39%
Net Profit Growth (1 Year)
17.73%
52-Week Low / High
₹1,034 / 1,679
Net Profit Growth (3 Years)
-39.34%
Dividend Yield
0.28%
Promoter Holding
19.09%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Revenue growth of VA Tech Wabag Ltd?
VA Tech Wabag Ltd revenue growth is 15.3% for FY-2025 , which is above its 5 year CAGR of 5.2% , indicating faster growth.
Q.1 Promoter shareholding and pledge status of VA Tech Wabag Ltd?
Promoters hold 19.09% of the VA Tech Wabag Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of VA Tech Wabag Ltd vs industry peers?
VA Tech Wabag Ltd revenue CAGR is 5.19% , compared to the industry median CAGR of 7.68% , indicating slower growth and losing its market share.
Q.1 Which industry/sub-sector does VA Tech Wabag Ltd belong to?
VA Tech Wabag Ltd belongs to the Miscellaneous sector, operating specifically within the Environmental Services segment.
Q.1 Stock return of VA Tech Wabag Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 9.9% based on the current price.

DeciZen - make an informed investing decision on VA Tech Wabag

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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VA Tech Wabag stock performance

Key Ratios
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Is VA Tech Wabag Ltd an attractive stock to invest in?


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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
VA Tech Wabag Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17%17.7%19.3%11.2%14.3%12.8%13.7%4.4%20.6%20.2%-
Value Creation
Index
0.20.30.4-0.20.0-0.10.0-0.70.50.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5083,2083,4572,7812,5572,8342,9792,9612,8563,2943,686
Sales YoY Gr.-27.9%7.8%-19.6%-8.1%10.9%5.1%-0.6%-3.5%15.3%-
Adj EPS 12.318.525.321.912.918.719.129.937.645.754.9
YoY Gr.-50.7%36.4%-13.5%-40.8%44.8%1.8%56.7%25.9%21.4%-
BVPS (₹) 168.8182206.5195.4214.7226.7247.5254293.3342.5387.4
Adj Net
Profit
6710113812070.8117119186234284342
Cash Flow from Ops. -2176.1-216-76.324513511.684.9134355-
Debt/CF from Ops. -1.851.3-2.2-82.12.636.82.52.11-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.1%5.2%3.4%15.3%
Adj EPS 15.7%28.7%33.8%21.4%
BVPS8.2%9.8%11.4%16.8%
Share Price 10.3% 42.8% 56.6% 5.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.410.61310.96.39811.913.814.415
Op. Profit
Mgn %
7.99.28.77.38.587.910.713.212.212.1
Net Profit
Mgn %
2.73.54.53.72.53.846.28.48.69.3
Debt to
Equity
0.40.30.40.60.40.30.30.10.20.2-
Working Cap
Days
315295327438494465433434480445201
Cash Conv.
Cycle
756816-57-60-111931669186

Recent Performance Summary

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Latest Financials

Standalone Consolidated
TTM EPS (₹) 49.9 54.9
TTM Sales (₹ Cr.) 3,156 3,686
BVPS (₹) 317.8 387.4
Reserves (₹ Cr.) 1,968 2,402
P/BV 4.68 3.84
PE 29.83 27.13
From the Market
52 Week Low / High (₹) 1033.95 / 1679.00
All Time Low / High (₹) 73.00 / 1943.95
Market Cap (₹ Cr.) 9,272
Equity (₹ Cr.) 12.5
Face Value (₹) 2
Industry PE 32.3

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of VA Tech Wabag - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,5083,2083,4572,7812,5572,8342,9792,9612,8563,294
Operating Expenses + 2,3112,9123,1662,6002,3402,6172,7432,6432,4812,892
Manufacturing Costs9761,1901,3751,0249091,1441,1219779821,128
Material Costs8861,2161,2981,0609641,0551,1221,2521,0571,355
Employee Cost 211244264254233199251266235265
Other Costs 238262229262233219249149206146
Operating Profit 197296292181217218236318376402
Operating Profit Margin (%) 7.9%9.2%8.4%6.5%8.5%7.7%7.9%10.7%13.2%12.2%
Other Income + 441261735933544365
Exceptional Items 0000000-28900
Interest 465358751099088667179
Depreciation 20191817151210986
Profit Before Tax 15717922411013213016817330384
Tax 6767772049293668090
Profit After Tax 90112147898410113211250295
PAT Margin (%) 3.6%3.5%4.3%3.2%3.3%3.6%4.4%0.4%8.8%9.0%
Adjusted EPS (₹)16.318.824.119.216.617.721.22.139.647.6
Dividend Payout Ratio (%)25%21%17%0%0%0%0%0%0%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9209931,1281,0691,1741,4101,5391,5751,8192,123
Share Capital 11111111111212121212
Reserves 9099821,1171,0581,1641,3971,5271,5631,8062,111
Debt +377309477584482305366198255328
Long Term Debt506350100301329455189176
Short Term Debt32724642748445317327314366152
Minority Interest8173417-2-13-13-055
Trade Payables1,0291,2571,4901,5911,6271,0789851,0791,0281,046
Others Liabilities 5637505634197171,3521,0891,2001,4221,732
Total Liabilities 2,8973,3263,6923,6793,9994,1323,9664,0524,5295,234

Fixed Assets

Net Fixed Assets +175174172149868680757367
Gross Block197208224212149159152130130120
Accumulated Depreciation22345163637272545854
CWIP 2000000000
Investments 322258202438466769
Inventories98393815263032363636
Trade Receivables1,6572,1241,3031,3511,5891,3501,3261,5261,9912,013
Cash Equivalents 363262185179321371429301510945
Others Assets 5707051,9891,9771,9562,2702,0632,0671,8532,104
Total Assets 2,8973,3263,6923,6793,9994,1323,9664,0524,5295,234

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -2176-216-762451351285134355
PBT 15717922411013213016817330384
Adjustment 741611001371121341444611845
Changes in Working Capital -395-257-457-26637-97-28249-2888
Tax Paid -53-77-82-57-37-32-19-28-26-82
Cash Flow From Investing Activity + 9761-111130-4-341684-121
Capex -15-11-4-265-14-3-2-11-4
Net Investments 10561-118-42-1-461025-152
Others 611457101587035
Cash Flow From Financing Activity + 182-10010649-135-8645-2404434
Net Proceeds from Shares 412101180000
Net Proceeds from Borrowing 00-1375-62110-38-85148-9
Interest Paid -25-27-27-42-57-35-37-28-25-33
Dividend Paid -26-26-27-23-2-10000
Others 229-4817238-14-277120-127-7977
Net Cash Flow 61-33-120-171394522-139261268

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.9211.7413.878.127.487.88.960.7114.7614.96
ROCE (%)16.9617.719.3411.2414.3112.7813.744.420.6420.15
Asset Turnover Ratio0.921.030.990.750.670.70.740.740.670.67
PAT to CFO Conversion(x)-2.410.05-1.47-0.852.921.340.097.730.541.2
Working Capital Days
Receivable Days228215181174210189164176225222
Inventory Days11844344454
Payable Days390343386531609468335301364279

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VA Tech Wabag Ltd FAQs

The current trading price of VA Tech Wabag on 22-Apr-2026 09:47 is ₹1,503.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Apr-2026 the market cap of VA Tech Wabag stood at ₹9,272 Cr

The latest P/E ratio of VA Tech Wabag as of 21-Apr-2026 is 29.83.

The latest P/B ratio of VA Tech Wabag as of 21-Apr-2026 is 4.68.

The 52-week high of VA Tech Wabag is ₹1,679 and the 52-week low is ₹1,034.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VA Tech Wabag is ₹3,156 ( Cr.) .

About VA Tech Wabag Ltd

VA Tech Wabag was incorporated as a public limited company called Balcke Durr Cooling Towers on February 17, 1995 at Chennai . The Company received a certificate of commencement of business on March 8, 1995. The name of the Company was changed to Balcke Durr and Wabag Technologies Limited on September 12, 1996 by a special resolution of the members dated July 29, 1996. The name of the Company was further changed to VA Tech Wabag Limited on April 4, 2000 by a special resolution of the members dated March 10, 2000. The company is a multinational player in the water treatment industry with market presence in India, the Middle East, North Africa, Central and Eastern Europe, China and South East Asia through principal offices in India, Austria, the Czech Republic, China, Switzerland, Algeria, Romania, Tunisia, UAE, Libya and Macao. 

VA Tech Wabag (WABAG) has established itself as a global leader in water technology. Operating across four continents, the company offers comprehensive water and wastewater solutions, combining global best practices. The company’s portfolio is anchored in constant innovation and sustainability. Through its dedicated R&D centres in both Europe and India, the company has developed proprietary technologies. It is a trusted partner for EPC (Engineering, Procurement, and Construction) projects of varying scale and complexity, delivering turnkey plants for purification, treatment and desalination of water. By leveraging the experience of several years, the company has built a reputation for quality execution and timely delivery. It continues to drive innovation in the water sector to not only address today’s water challenges but also build the foundation for a more sustainable future.

Business area of the company 

The company is engaged in production of treated water through water and waste water treatment plants at the premise of its customers. The company is a leading pure-play water technology multinational headquartered in Chennai, India. With over years of experience in sustainable water and wastewater management & environment protection, it offers comprehensive solutions across the water cycle including water treatment, wastewater treatment, recycle and re-use, desalination, ultrapure water, Zero Liquid Discharge (ZLD) and sludge management across utilities and industries.

Offerings of the company

  • Drinking Water Treatment
  • Industrial Water Treatment
  • Desalination
  • Wastewater Treatment
  • Effluent Treatment
  • Sludge Treatment
  • Water Reclamation
  • Industrial Water Recycling
  • Zero Liquid Discharge (ZLD)
  • Potable Reuse
  • Bio CNG
  • High Purity Water Solution

Awards

2013

  • Export Excellence Award For 2012 – 2013 from EEPC India

2014

  • Environmental Risk Management Company Award 2013 Received from ICICI Lombard for Kodungaiyur STP Project at Mumbai
  • Global Water Award 2014 - Distinction Award for Water Company of the Year

2015

  • Global Water Award 2015 - Industrial Water Project of the Year – Ujams Industrial Water Reclamation Plant

2016

  • BT – CSR Excellence Award 2016
  • Global Water Awards 2016 – Water Company of the Year
  • Global Water Awards 2016 – Industrial Project of the Year
  • TiE SWACHH BHARAT – CORPORATE Award 2016
  • Dun & Bradstreet Infra Award 2016
  • IEI Industry Excellence Award

2017

  • Chemtech Leadership & Excellence Award 2017
  • Water Digest Award 2017 - for Best Water Technology of the Year
  • Water Digest Award 2017 - for Excellence in Corporate Social Responsibility.
  • ASEAN Award 2017 for significant contribution to building sustainable water infrastructure and supporting economic development in the region.
  • GWI – Top 10 Global Water Companies
  • Dun & Bradstreet Infra Award 2017 - for Karnataka’s first Wastewater Treatment Plant to produce power from biogas in K&C Valley, Bengaluru

2018

  • EEPC India presented the Star Performer Award to WABAG under Project Exports category for the year 2016 – 17 at the 41st EEPC India Southern
  • ASSOCHAM presented WABAG, the Water Management Excellence Award for “Outstanding Contribution in Water Efficiency & Conservation”, for its comprehensive water management system for IOCL 
  • WABAG has received 3 prestigious awards from HR Association of India at the HR Distinction Award 2018, New Delhi. – Best Rewards & Recognition Program
  • Water Digest Water Awards 2018

2019

  • Most Innovative Company of the Year 2019
  • Ranked 6th Globally by Global Water Intelligence
  • CSR Journal Excellence Awards
  • Dun & Bradstreet Infra Award 2019
  • Global Water Awards 2019
  • Water Digest Water Awards 2019

2020

  • Global Water Awards 2020 – Wastewater Project of the Year
  • Global Water Awards 2020 – Industrial Project of the Year
  • National Water Awards 2019 by Ministry of Jal Shakti
  • Water Digest Water Awards 2019-20

2021

  • Ranked 4th globally by Global Water Intelligence
  • Environment Health Safety (EHS) Excellence Awards
  • Corona Yodha Samman

2022

  • The Economic Times Infra Focus Awards
  • Water Digest Water Awards – Desalination Project of the Year
  • Water Digest Water Awards – Best Water Management – Private Sector
  • CII – EHS Excellence Awards

2023

  • Times Group has recognized WABAG as the Most Admired Company in the Water Infrastructure Sector
  • CII-SR EHS Excellence Awards 2023
  • Recognized as Most Preferred Workplace for the year 2023-24
  • Water Digest Water Awards 2023 – Best Water Treatment Solution Provider
  • Arogya World Healthy Workplace
  • CII – EHS Excellence Awards 2022 – 23
  • WABAG ranked 3rd globally by GWI amongst world’s top 50 private water operators
  • WABAG ranked 5th amongst the world’s top desalination plant suppliers
  • Construction Times Awards 2023 – Desalination Project of the Year
  • Energy Globe Award 2022 – National Winner Egypt

2024

  • WABAG Re-ranked 3rd Globally Among the World’s Top 50 Private Water Operators
  • ABP Live India Infrastructure Conclave
  • Water Digest World Water Awards 2023 – 24
  • Energy Globe World Award 2024
  • Global Water Awards 2024
  • 3rd Largest Desalination Plant Supplier
  • ET NOW Infra Focus Awards 2024
  • IWA Project Innovation Awards 2024
  • Best Employer Award – Singapore 2024
  • Most Preferred Workplace 2024
  • Construction Academy South 2024

2025

  • Champion of Circular Revolution – Times Group 
  • CII–IGBC Green Buildings Excellence Award 2025 
  • WABAG recognized with the Arogya World Platinum Healthy Workplace Award 
  • WABAG Bags Dual Awards for Excellence in Water Innovation 
  • WABAG Honoured for Driving Social Change at CSR Summit & Awards 2025 
  • CSR Times Awards, 2025 
  • Most Preferred Workplace 2025–26 
  • CII-SR EHS Excellence Awards 
  • Global Water Awards, 2025
  • Water Digest World Water Awards 2024-25: Best STP/ETP/WWTP – Private
  • Water Digest World Water Awards 2024-25: Complete Water Solutions Provider

2026

  • Water Digest World Water Awards 2025–26 (Winner of “Best WWTP” for the Digha & Kankarabagh Project)
  • Water Digest World Water Awards 2025–26 under the category “Complete Water Solution Provider – Industrial”
  • Global Sustainability & Innovation Awards 2026
  • Water Digest World Water Awards 2025–26
  • WABAG Honoured as “Organisation with Sustainable Practice”
  • India’s Fastest Growing Engineering Companies by SME
  • Great Place To Work Certified Again (India 2026–27)

Milestones

1924

  • Commencement of the water treatment business branded by WABAG (WAsser (Water) BA (BAU) (Construction) Gesellschaft (Company)

1939

  • WABAG's international footprint expanded with projects in Turkey, Prague, and Rio de Janeiro, showcasing expertise in chemical and water treatment for various industries

1940

  • WABAG employed over 100 workers in Wroclaw; counted IG Farben as one of its major clients and commenced operations in Kulmback (Germany)

1949

  • WABAG focused on restoring non-functional facilities and restored the construction of initial concrete filters

1960

  • WABAG’s successful trajectory continued, and in 1964, celebrated its 40th anniversary

1964

  • WABAG designed and constructed around 95% of dam water treatment facilities, establishing a near-monopoly.
  • Achieved annual revenue of 20 million euros

1970

  • WABAG expanded its activities abroad, including Burma and the Far East; it commenced the development of flue gas desulphurisation treatment facilities in response to the demand of energy providers

1973

  • The 'Years in the Babcock Group' began

1980

  • WABAG supplied wastewater treatment equipment for flue gas desulfurisation systems in German power plants, resulting in significant contracts for water facilities in Republic of Congo. 
  • WABAG’s subsidiary Overhoff GmbH in Austria merged with Simmering Graz Pauker (SGP) Ag’s environmental technology division

1996

  • WABAG’s Asian arm in India aimed at expanding into the Southeast Asian Market. 
  • In 1996, Rajiv Mittal, was assigned to lead the endeavour, marking the expansion of WABAG’s global footprint into Asia

1997

  • WABAG operations began in India. 
  • WABAG bagged the first order from Reliance Industries – maiden breakthrough

2000

  • Bagged the first overseas order - Independent Power Utility Project for KHTP, Malaysia, and first municipal order of 34 MLD STP at Chennai for CMWSSB

2003

  • WABAG India crossed Rs 100 crore revenue mark

2004

  • WABAG India doubled its turnover to Rs 200 crore

2005

  • Management buyout was completed, a historic moment

2006

  • WABAG India celebrated ten years with the grant of ESOP (employee stock option programme) to the employees, a first in the Indian water industry

2007

  • WABAG was reunited globally.
  • WABAG India acquired its erstwhile parent - VA TECH WABAG (Austria) - from Siemens

2009

  • WABAG secured 100 MLD Desalination order and moved into a higher league in the Desalination sector

2010

  • Listing of the pure-play water technology company on the Indian stock exchange. 
  • Grant of ESOPs to employees under the ESOP Scheme 2010

2013

  • Crossed Rs 2,000 crore in revenues

2014

  • Established WABAG House - the global headquarters

2015

  • Secured the largest order - Rs 1,500 crore for an integrated ETP for Petronas RAPID Complex

2018

  • Associated with PM’s vision of Clean Ganga – executed the first STP under Namami Gange at Varanasi.

2019

  • Signed one city and one operator contract – a paradigm shift for Indian water sector. 
  • Entered the hybrid annuity model (HAM) projects under the Government of India’s flagship Namami Gange Programme.

2021

  • Expanded the global footprint, marking a foray into Russia with high technology order.

2022

  • Completed 25 years of business operations in India. 
  • WABAG became the third largest private water operator globally.

2023

  • Bagged South Asia’s largest 400 MLD desalination plant of Rs 4,400 crore for the development, construction and operation in Chennai. 
  • Secured a break-through DBO order from Bangladesh. 
  • Ranked 5th largest desalination player globally by GWI.

2024-25

  • Implemented the WABAG centenary stock option scheme, rewarding employees for their dedicated service and in celebration of the centenary year.
  • WABAG ranked as the 3rd largest desalination plant supplier globally in GWI Desalting Inventory 2024
  • WABAG forayed into the Solar PV Sector with landmark desalination order for Indosol Solar
  • Major repeat orders received from Reliance Industries strengthened WABAG’s leadership in industrial water management
  • WABAG successfully completes landmark HAM Project for KMDA under Namami Gange
  • Successful completion of Bakarsha Drinking Water Treatment Plant in Egypt
  • President of Tunisia inaugurated WABAG’s landmark Seawater Desalination Plant in Zarat, Tunisia.
  • WABAG successfully completed Effluent Treatment Plant for PETRONAS at Pengerang Integrated Complex, Malaysia
  • Successfully completed marine works of 400 MLD Perur Desalination plant, South East Asia’s largest desalination plant in a record duration of one month
  • Secures 7 years Operation Contract order worth around $14 million for the BAPCO Refining Industrial Wastewater Treatment Plant, Kingdom of Bahrain.
  • Secures consortium order worth $371 million for Al Haer Independent Sewage Treatment Plant located in the city of Riyadh, the Kingdom of Saudi Arabia
  • Secures a Zero Liquid Dischage (ZLD) DBO order from GAIL, Pata, UP
  • Wins EIB & KFW funded DBO order in Zambia for WWTP from Lusaka Water Supply and Sanitation Company

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