MarketFriction

Va Tech Wabag Ltd

NSE WABAG · BSE 533269 · Water Supply & Management
₹2,004.90 -2.74%
NSE close2026-10-01
52 week range1,033.00 - 2,319.00
Market cap₹13,084 Cr.
P/E32.8
Microcap 250 Price band 20% Delivery 39.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6657049346267008111,1567348349611,414887
Expenses5796068195476077131,0156387458401,258807
Operating Profit8698116799498141968912215680
OPM %13%14%12%13%13%12%12%13%11%13%11%9%
Other Income1649111915131143193258
Interest171722181920221920181717
Depreciation222211112222
Profit before tax838310070929113187111121170118
Tax %28%25%22%22%24%23%24%24%23%25%25%24%
Net Profit60637855707010066859112890
EPS in Rs9.6810.1111.648.8411.3511.2916.0010.5813.6214.7220.5914.45
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,5083,2083,4572,7812,5572,8342,9792,9602,8563,2943,9444,097
Expenses2,2932,9693,1652,5872,3402,6162,7452,6432,4902,8723,4673,651
Operating Profit216239292194217219234318366422478446
OPM %9%7%8%7%8%8%8%11%13%13%12%11%
Other Income81188401432-226434790152
Interest4653587510990886671797371
Depreciation2019181715121098666
Profit before tax15717922411013213016817330384489520
Tax %43%37%34%19%37%23%22%35%24%23%24%
Net Profit90112147898410113211250295370394
EPS in Rs16.2818.7624.0619.2016.6317.7121.212.0939.4947.4859.4663.38
Dividend Payout %25%21%17%21%0%0%0%0%0%8%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%7%10%20%
Compounded Profit Growth15%28%93%30%
Stock Price CAGR14%44%66%46%
Return on Equity11%12%15%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111121212121212
Reserves8929099821,1181,0581,1641,3971,5271,5621,8062,1282,556
Borrowings181388314482613520358436219289362228
Other Liabilities1,4811,6102,0412,1072,0832,3282,3892,0242,2942,4672,7663,326
Total Liabilities2,5652,9183,3483,7173,7664,0224,1573,9994,0884,5745,2676,122
Fixed Assets19117517417214986868075726766
CWIP120000000000
Investments3832225820243846676972
Other Assets2,3352,7083,1513,5403,6093,9154,0463,8823,9674,4355,1315,984
Total Assets2,5652,9183,3483,7173,7664,0224,1573,9994,0884,5745,2676,122
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6-2176-216-762451351285134355207
Cash from Investing Activity-99122523951-394156-11146
Cash from Financing Activity2182-10010649-135-8645-2404434-185
Net Cash Flow-9186-42-106-181145117-11423327867
Free Cash Flow-23-232-5-219-78310122983122351202
CFO/OP29%-76%35%-46%-10%130%76%13%35%44%103%64%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days222241242138177227174162186254223234
Inventory Days
Days Payable
Cash Conversion Cycle222241242138177227174162186254223234
Working Capital Days6129405764617345611239097
ROCE %20%17%18%19%11%14%13%13%20%20%20%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters19.12%19.12%19.12%19.12%19.12%19.12%19.12%19.12%19.10%19.10%19.09%19.08%
FIIs15.64%13.11%12.45%11.52%14.68%18.86%18.58%18.69%18.40%18.97%16.60%18.25%
DIIs3.52%5.85%5.63%4.99%3.59%2.01%3.02%3.66%4.47%4.32%5.77%6.33%
Public61.70%61.91%62.78%64.35%62.59%60.00%59.28%58.51%58.04%57.62%58.54%56.33%
No. of Shareholders98,50698,0261,08,2301,30,5691,45,5631,78,3461,90,5181,92,9721,94,2811,93,7842,00,3882,05,590

Fundamentals

Market Cap₹ 13,084 Cr.
Current Price₹ 2,094
Stock P/E32.8
Book Value₹ 412
ROCE21.3 %
ROE15.9 %
Dividend Yield0.24 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)30%
Consolidated figures.
Valuation
Market capRs 12,492 Cr
Enterprise valueRs 11,662 Cr
P/E (TTM)31.63x
Price to book4.86x
Price to sales3.05x
EV / EBITDA19.50x
EV / EBIT19.72x
EV / sales2.85x
Price to cash flow60.44x
Earnings yield3.16%
Dividend yield0.25%
P/E, 3-year average23.14x
P/B, 3-year average3.22x
P/E, 5-year average50.20x
P/B, 5-year average2.43x
Profitability
Operating margin (excl. other income)12.11%
Operating margin (incl. other income)14.39%
EBITDA margin14.59%
Pre-tax margin12.70%
Net profit margin9.64%
Net margin, latest quarter10.16%
ROE15.74%
ROCE21.19%
ROA6.51%
ROE, 3-year average15.04%
ROCE, 3-year average20.62%
ROA, 3-year average6.06%
ROE, 5-year average10.98%
ROCE, 5-year average15.99%
ROA, 5-year average4.35%
ROIC (approx.)25.76%
Tax rate24.31%
Other income / net worth3.51%
Growth
Sales growth (latest year)19.74%
Profit growth (latest year)25.47%
Sales CAGR, 3 years10.04%
Sales CAGR, 5 years6.83%
Profit CAGR, 3 years205.46%
Profit CAGR, 5 years27.47%
Sales growth QoQ-37.30%
Profit growth QoQ-29.77%
Sales growth YoY (latest quarter)20.82%
Profit growth YoY (latest quarter)36.93%
Per share
EPS (TTM)Rs 63.38
EPS (latest year)Rs 59.46
EPS (latest quarter)Rs 14.46
EPS, 3-year averageRs 48.81
EPS, 5-year averageRs 33.95
Book value per shareRs 412.22
Sales per shareRs 657.52
Cash flow per shareRs 33.17
Free cash flow per shareRs 32.42
Dividend per share (latest year)Rs 5.02
Dividend per share, 3-year averageRs 4.50
Dividend per share, 5-year averageRs 4.50
Dividends
Dividend payout8.43%
Dividend payout, 3-year average8.42%
Dividend payout, 5-year average8.42%
Efficiency
Asset turnover0.64x
Fixed asset turnover59.67x
Inventory turnover84.23x
Inventory days4 days
Debtor days234 days
Debtors turnover1.56x
Cash conversion cycle234 days
Working capital days97 days
Leverage
Total debtRs 228 Cr
Cash and bankRs 1,059 Cr
Net debtRs -831 Cr
Debt to equity0.09x
Net debt / EBITDA-1.39x
Interest coverage8.30x
Current ratio (filing 2026-03-31)1.71x
Quick ratio (filing 2026-03-31)1.69x
Trade payables (filing 2026-03-31)Rs 1,262 Cr
Owners' fund to total sources41.95%
Debt to assets3.73%
Cash flow
Cash from Operating Activity (latest year)Rs 207 Cr
Cash from Investing Activity (latest year)Rs 46 Cr
Cash from Financing Activity (latest year)Rs -185 Cr
Net Cash Flow (latest year)Rs 67 Cr
Free cash flow (latest year)Rs 202 Cr
FCFE (approx.: FCF + change in debt)Rs 69 Cr
Cash from ops / profit, 5 years0.75x
Sales to cash flow19.08x
Statement figures
Net sales (TTM)Rs 4,097 Cr
Net sales (latest year)Rs 3,944 Cr
Sales (latest quarter)Rs 887 Cr
Operating profit excl. other income (latest year)Rs 478 Cr
Operating profit (latest quarter)Rs 80 Cr
Other income (TTM)Rs 152 Cr
EBITDA (TTM)Rs 598 Cr
PBDT (TTM)Rs 527 Cr
Profit before tax (TTM)Rs 520 Cr
Tax (latest year)Rs 119 Cr
Net profit (TTM)Rs 395 Cr
Net profit (latest year)Rs 370 Cr
Net profit (latest quarter)Rs 90 Cr
Depreciation (TTM)Rs 6 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 71 Cr
Cost of goods sold (latest year)Rs 3,016 Cr
Total expenditure (latest year)Rs 3,467 Cr
Total income (latest year)Rs 4,034 Cr
Share capitalRs 12 Cr
ReservesRs 2,556 Cr
Shareholders' fundsRs 2,568 Cr
Total assetsRs 6,122 Cr
Net blockRs 66 Cr
InvestmentsRs 72 Cr
ReceivablesRs 2,524 Cr
InventoryRs 36 Cr
Other liabilitiesRs 3,326 Cr
Shares outstanding (crore)6.23
Ownership
Promoter holding19.08% (-0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 31.6 is at the 69th percentile of its own 9.2-year range (median 19.0, low 4.9, high 365.9).
P/B 4.86 is at the 92th percentile (median 1.82).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodWABAGNifty 50Difference
1 week-1.2%-2.8% +1.6 pts
1 month-0.4%-6.8% +6.3 pts
3 months-3.7%-7.6% +4.0 pts
6 months+73.2%+0.4% +72.8 pts
1 year+36.5%-9.9% +46.4 pts
2 years+34.7%-13.6% +48.2 pts
3 years+337.2%+14.2% +323.1 pts
5 years+500.8%+27.9% +472.9 pts
31 mutual fund schemes hold about ₹608 Cr. Over three months 9 bought more and 13 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Small Cap Fund3.98%325 -3%
ITI Small Cap Fund1.93%70 -9%
TRUSTMF Small Cap Fund1.71%49 +100%
ITI Flexi Cap Fund1.65%26 -12%
Motilal Oswal Nifty Microcap 250 Index Fund0.94%23 -5%
Bajaj Finserv Small Cap Fund0.85%23 -15%
LIC MF Flexi Cap Fund1.79%20 -4%
ICICI Pru Multi Cap Fund0.08%16 +6%
ICICI Pru Multi Cap Fund0.08%15 +6%
Motilal Oswal Contra Fund2.26%10 -59%
Motilal Oswal Infrastructure Fund4.03%6 +100%
Quantum Ethical Fund3.85%5 -8%
ITI Value Fund1.30%5 +1%
JM Value Fund0.48%4 +29%
Quantum ESG Best In Class Strategy Fund2.87%3 -10%
iSIF Equity Long-Short Fund0.61%2 -53%
Diviniti Equity Long Short Fund0.56%2 +100%
Samco Special Opportunities Fund1.22%1 +100%
Motilal Oswal BSE Clean Environment Index Fund2.80%1 +11%
Samco Multi Cap Fund0.43%1 +100%
Groww Nifty Total Market Index Fund0.04%0 -1%
Angel One Nifty Total Market Index Fund0.04%0 -1%
Motilal Oswal BSE 1000 Index Fund0.05%0 -0%
Mirae Asset Nifty Total Market Index Fund0.04%0 -1%
Bandhan Nifty Total Market Index Fund0.04%0 -1%

Red flags

F-score 6 of 8
lookRegulator order or action Regulator order or action 2026-06-19: Intimation for receipt of Rectification Order from GST Authorities
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹887 Cr +20.8% vs Jun 2025. Net profit ₹90 Cr +36.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 5 Per Sh
2025-08-05Dividend - Rs 4 Per Share
2024-08-06Annual General Meeting
2023-07-28Annual General Meeting
2022-08-11Annual General Meeting
2021-08-12 Annual General Meeting
2020-09-11 Annual General Meeting
2019-08-01 Annual General Meeting
2018-08-01 Annual General Meeting/Dividend-Rs 4 Per Share
2017-07-13 Annual General Meeting/Dividend - Rs 4/- Per Share
2016-07-14 Annual General Meeting/Dividend Rs 4/- Per Share
2015-07-16Annual General Meeting/ Dividend - Rs 4/- Per Share
2015-03-26Bonus 1 : 10.5000
2014-07-10Annual General Meeting / Dividend - Rs 8/- Per Share
2013-07-11Annual General Meeting/Dividend Rs 7 Per Share
2012-07-12Annual General Meeting/Dividend Rs 6 Per Share
2011-08-16Face Value Split From Rs.5/- To Rs.2/-0.4000
2011-06-29Annual General Meeting / Dividend - Rs.10/- Per Share
DateTypeWhat it says
2026-09-07Order winWABAG secures repeat order from RIL to deliver state-of-the-art ETP at Jamnagar
2026-09-03ESOPIntimation for allotment of 13,404 Equity Shares pursuant to exercise of stock options under WABAG Centenary Stock Option Scheme 2023
2026-08-31Board meeting outcomeChange in designation of Mr. Rohan Mittal as the "Chief Commercial & Development Officer MEA
2026-08-28Concall / analyst meetIntimation of Schedule of Analysts / Institutional Investors Meeting
2026-08-28UpdatesTranscript of the 31st Annual General Meeting of the Company
2026-08-25General UpdatesFrom Award to Action: WABAG Inks the Mega Doha SWRO II Contract, Launching Its Kuwait Debut
2026-08-21Concall / analyst meetIntimation of Schedule of Analysts / Institutional Investors Meeting
2026-08-19Concall / analyst meetTranscript of the Q1 FY27 Results Conference Call
2026-08-14ESOPIntimation for allotment of 60,708 Equity Shares pursuant to exercise of stock options under WABAG Centenary Stock Option Scheme 2023
2026-08-13Concall / analyst meetAudio recording of Q1 FY27 Results Conference Call of VA TECH WABAG LIMITED
2026-08-13Shareholder meetingVoting results of the 31st Annual General Meeting (AGM) of the Company along with the Scrutinizer s report.
2026-08-12Shareholder meetingProceedings of the 31st Annual General Meeting of the Company
2026-08-12Investor PresentationInvestor Presentation
2026-08-12Press ReleaseA press release dated August 12, 2026, titled "WABAG records all-time high Rs. 194 Bn order book in Q1 FY 2026-27 Historic High results with Consolida...
2026-08-12Board meeting outcomeOutcome of Board Meeting - Unaudited Financial Results (both Standalone and Consolidated) of the Company for the quarter ended June 30, 2026.
2026-08-07Concall / analyst meetIntimation of Schedule of Analyst/Institutional Investor Call Post announcement of Q1 FY27 Unaudited Financial Results (both standalone and consolid...
2026-07-20Shareholder meetingNotice of the 31st Annual General Meeting (AGM)
2026-07-20Order winWABAG Secures Large Order Inflow from BWSSB for Two Energy-Efficient Wastewater Treatment Facilities
2026-07-07ESOPIntimation for allotment of 62680 Equity Shares pursuant to exercise of stock options under WABAG Centenary Stock Option Scheme 2023
2026-07-01Order winWABAG wins Large Order towards expansion of the Donauinsel Water Works in Vienna, Austria
2026-06-26Board meeting outcomeOutcome of Board Meeting held on Jun 26, 2026 - Approval for appointment of Mr. Samaresh Parida (DIN: 01853823) as an Additional Director in the capac...
2026-06-24General UpdatesIntimation regarding Tax Deduction at Source (TDS) on the proposed Final Dividend
2026-06-24Record DateRecord date for the purpose of DI is 17-Jul-2026.
2026-06-24General UpdatesIntimation for Book Closure for the 31st Annual General Meeting
2026-06-19Regulatory actionIntimation for receipt of Rectification Order from GST Authorities
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-10-24NCLATVA Tech Wabag Ltd. VS Venkatesan Sankarnarayan & Ors.
2019-09-19NCLATVA Tech Wabag Ltd. VS Venkatesan Sankarnarayan & Ors.
2019-09-03NCLATVA Tech Wabag Ltd. VS Venkatesan Sankarnarayan & Ors.
2019-08-02NCLATVA Tech Wabag Ltd. VS Venkatesan Sankarnarayan & Ors.
2019-07-23NCLATVA Tech Wabag Ltd. VS Venkatesan Sankarnarayan & Ors.
2019-05-22NCLATVA Tech Wabag Ltd. VS Venkatesan Sankarnarayan & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Va Tech Wabag Ltd?

Va Tech Wabag Ltd (WABAG) has a market capitalisation of Rs 13,084 Cr. at the 2026-10-01 close.

What is the P/E ratio of Va Tech Wabag Ltd?

Va Tech Wabag Ltd trades at a P/E of 32.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Va Tech Wabag Ltd's latest quarterly results?

In the Jun 2026 quarter, Va Tech Wabag Ltd sales was Rs 887 Cr (+20.8% vs Jun 2025) and net profit was Rs 90 Cr.

What is the 52-week high and low of Va Tech Wabag Ltd?

The 52-week high is Rs 2,319.00 and the 52-week low is Rs 1,033.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03