WABAGUtilities

VA Tech Wabag Limited

Water Supply & Management · ISIN INE956G01038 · BSE 533269 · NSE EQ · FV ₹2
Last price
₹2,075
+0.92%today
What this company does

VA Tech Wabag Limited operates in Water Supply & Management, part of the Utilities sector. It booked ₹887 cr of revenue in its latest quarter (Q1 FY27) and kept 10.1% of sales as profit. It is the largest of 6 Water Supply & Management companies we track, by market value.

Their stated vision

to deliver more value with greater efficiency, we continuously push the virtual pitch session featuring four innovative through collaboration, BLUE SEED boundaries of sustainable water solutions to meet the evolving needs of communities and industries worldwide.

In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Utilities, on all six measures of filed financials. Each measure is ranked against the 7–25 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Balance sheet80

How much it owes, and whether earnings cover the interest

Cash quality64

Whether reported profit actually arrives as cash

Growth & consistency85

Whether sales and profit have grown, and how steadily

Valuation24

What today's price implies, against our models or its peers

Governance & risk72

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 21% vs last year
Profit up 183% vs last year
No promoter shares pledged
Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in WABAG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,075 +0.92%
latest close · 2026-09-17
1-year return
+508.2%
52-wk low ₹22052-wk high ₹2,319
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio36.1High
LowAverageHigh
P/B ratio5.05High
Below bookModerateHigh
EV / EBITDA23.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.9%Fair
WeakFairStrong ▸15%
Return on capital16.5%Strong
WeakFairStrong
Net margin10.1%Decent
ThinDecentStrong
EBITDA margin14.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.09Comfortable
LowModerateHigh ▸1
Interest cover7.6×Strong
RiskyOkayStrong ▸5×
Current ratio1.71Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹12,968 cr
Book value
₹411
EPS
₹14.35
latest quarter
Net debt
₹-557 cr
more cash than debt
Enterprise value
₹12,411 cr
EBITDA
₹526 cr
annualised
EBIT
₹520 cr
annualised
Operating margin
14.6%
Return on assets
5.8%
Earnings yield
2.77%
P/S
3.66
Sales / share
₹567.6
Tax rate
24.9%
Face value
₹2
Shares
6.3 cr
Working capital
₹2,107 cr
Current assets
₹5,089 cr
Current liabilities
₹2,982 cr
Delivery %
38.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹330₹455, midpoint ₹393

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹887 cr
Other Income₹52 cr
Total Income₹939 cr
Cost of Materials₹680 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-4 cr
Employee Benefit Expense₹80 cr
Finance Costs₹17 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹52 cr
Total Expenses₹826 cr
Profit before Tax₹113 cr
Tax Expense₹28 cr
Share of JV / Associates₹6 cr
Net Profit₹90 cr
Net margin on total income9.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹676 cr71.6%
Employee benefit expense₹80 cr8.4%
Finance costs₹17 cr1.8%
Depreciation & amortisation₹2 cr0.2%
Other expenses₹52 cr5.5%
Tax expense₹28 cr3.0%
Profit for the period₹90 cr9.5%
Total income ₹939 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue961 cr1,414 cr887 cr
Total income985 cr1,446 cr939 cr
Expenses859 cr1,275 cr826 cr
Profit before tax121 cr171 cr113 cr
Tax30 cr42 cr28 cr
Net profit (owners' share)91 cr141 cr89 cr
Net margin (owners' share, on revenue)9.5%10.0%10.1%
EPS (₹)15.6322.6814.35
YoY (latest quarter): total income +26.0% · net profit +182.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹6,122 cr
Shareholder equity
₹2,569 cr
parent shareholders
Total debt
₹228 cr
Cash
₹785 cr
Cash flow · H1 FY26
Operating
₹-49 cr
Investing
₹29 cr
Financing
₹-162 cr
Peer comparison
Water Supply & Management · by market value
CompanyPriceMarket capP/E
VA Tech Wabag Limitedthis company₹2,075₹12,968 cr36.1
ION Exchange (India) Limited₹424₹6,039 cr303.1
Enviro Infra Engineers Limited₹200₹3,504 cr22.0
Technocraft Ventures Limited₹439₹1,322 cr30.9
Denta Water and Infra Solutions Limited₹278₹743 cr16.7
JITF Infralogistics Limited₹286₹280 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.24%
trailing 12 months
Dividend / share (TTM)
₹5
Last dividend
₹5
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹5 / share17 Jul 2026
Dividend₹4 / share5 Aug 2025
Dividend₹4 / share1 Aug 2018
Dividend₹4 / share13 Jul 2017
Dividend₹4 / share14 Jul 2016
Dividend₹4 / share16 Jul 2015
Who owns it · 2026-06-30
No pledge
Promoter
19.1%
FII / Foreign
18.3%
DII / Domestic
6.3%
Retail / others
56.3%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
SoldC SENTHIL KUMAR · Designated Person700 · ₹15.0 L26 Aug 26
SoldHIMANSU SEKHAR SAMAL · Designated Person730 · ₹14.9 L24 Aug 26
SoldV SHANKAR GANESH · Designated Person1,400 · ₹27.4 L20 Aug 26
Bulk / block deals
short · NSE115 Sep 26
short · NSE14626 Aug 26
short · NSE19019 Jun 26
Stake changes
SoldPortfolio Management Clients of Equity Intelligence India Pvt Ltd & EQ India Fund→ 0.64% · 7.65 L10 Jun 21
SoldPortfolio Management Clients of Equity Intelligence India Pvt Ltd & EQ India Fund→ 3.01% · 14,8007 Jun 21
OthersRekha Rakesh Jhunjhunwala→ 10.45%1 Oct 20
Promoter pledges
ReleasedAPAC Financial Services Pvt Ltd being lender and Catalyst Trusteeship Ltd being Trustee16.77 L · 3.07% held21 Sep 20
PledgedCatalyst trusteeship Ltd16.77 L · 0.00% held15 Feb 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Aug 2026
See the official result
1
Adoption of audited Financial Statements (both standalone and consolidated) of the Company for the financial year ended March 31, 2026, along with the reports of the Board of Directors of the Company and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.92 cr votes for, 588 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of INR 5 per equity share for the financial year ended March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
1.93 cr votes for, 680 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. S. Varadarajan (DIN: 02353065) as a Director, liable to retire by rotation
Promoters had a personal stake in this
Backed by 91% of shareholders other than promotersneeded 50%
1.74 cr votes for, 18.24 L against · 15% of mutual funds and other big investors said no
4
Approval for remuneration payable to Mr. Rohan Mittal, Related Party, holding office or place of profit
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.92 cr votes for, 50,823 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 19.1% between them · as of 2026-06-30
RAJIV MITTAL15.57%
VARADARAJAN S3.51%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.