Arthneeti

Va Tech Wabag Q1 FY27 Share Price & Earnings Call Analysis

₹1,827.10+0.82% today
Market cap
₹11,422 Cr
P/E
28.66
ROE
15.89%
PEG
0.30
Price to sales
2.79
Debt to equity
0.09
52W high / low
₹2,278 / ₹1,049
Sales growth (5Y)
6.83%
EBITDA margin
10.90%
Net profit margin
9.47%
Promoter holding
19.04%
Sales (last year)
₹4,097 Cr

Va Tech Wabag Ltd is engaged in the business of water treatment field. Its principal activities include design, supply, installation, construction and operational management of drinking water, waste water treatment, industrial water treatment and desalination plants.[1]

Guidance scorecard · Q1 FY27 call

What Va Tech Wabag's management guided
and where it ranks in Other Utilities

Revenue20–40%MarginsFlatCapexNone plannedFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

20–40%
  • Va Tech Wabag targets a medium-term revenue growth rate of 15% to 20%, with quarterly results showing 21% growth, indicating no bottleneck for higher growth.
  • The company expects execution from its record order book of INR 19,400 crores, supporting growth over the next 12-18 months and beyond.
  • There is a focus on increasing the industrial segment order mix from current ~12-13% to 20-25% over time, driven by traditional sectors like oil & gas and future energy sectors such as solar PV, semiconductors, data centers, and green hydrogen.

2 more points from Va Tech Wabag's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Va Tech Wabag said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

None planned
  • Va Tech Wabag is an asset-light organization; no capex is required to take new orders.
  • The company focuses on selective order intake based on margin and cash thresholds rather than volume.
  • They emphasize growth through economies of scale and modular business structure rather than heavy capital investment.

2 more points from Va Tech Wabag's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Va Tech Wabag said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Current order book stands at INR 19,400 crores, comprising only effective and ready-for-execution orders after removal of ~INR 600 crores framework orders.
  • Orders are in various execution stages: some in advanced installation/commissioning, others in early engineering or middle phases.
  • Execution timelines: International EPC orders usually execute over 24-30 months; Indian EPC orders take about 36 months.
  • O&M orders provide recurring revenues over 7-10 years on average.

2 more points from Va Tech Wabag's call on the order book

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Full Q1 FY27 analysis
Full Other Utilities ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Other Utilities
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Va Tech Wabag rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Other Utilities companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹1,405 Cr10.2
240%+Flat₹778 Cr54.2
340%+Flat₹570 Cr15.4
440%+Flat₹347 Cr20.4
540%+Flat₹90 Cr6.9
620–40%Flat₹2,910 Cr9.8

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Va Tech Wabag announcements

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Financials of Va Tech Wabag

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Va Tech Wabag

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +9275536657049346267008111,1567348349611,414
Expenses +8184975796068195476077131,0156387458401,258
Operating Profit1085686981167994981419689122156
OPM %12%10%13%14%12%13%13%12%12%13%11%13%11%
Other Income +-2322616491119151311431932
Interest16161717221819202219201817
Depreciation2222221111222
Profit before tax-14264838310070929113187111121170
Tax %-21%22%28%25%22%22%24%23%24%24%23%25%25%
Net Profit +-11250606378557070100668591128
EPS in Rs-17.868.049.6810.1111.648.8411.3511.2916.0010.5813.6214.7220.59

Financials of Va Tech Wabag

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +2,4352,5083,2083,4572,7812,5572,8342,9792,9602,8563,2943,944
Expenses +2,2252,2932,9693,1652,5872,3402,6162,7452,6432,4902,8723,467
Operating Profit210216239292194217219234318366422477
OPM %9%9%7%8%7%8%8%8%11%13%13%12%
Other Income +781188401432-226434790
Interest3946535875109908866717973
Depreciation11201918171512109866
Profit before tax16715717922411013213016817330384489
Tax %34%43%37%34%19%37%23%22%35%24%23%24%
Net Profit +11290112147898410113211250295370
EPS in Rs20.2816.2818.7624.0619.2016.6317.7121.212.0939.4947.4859.46
Dividend Payout %20%25%21%17%21%0%0%0%0%0%8%8%

Financials of Va Tech Wabag

Balance Sheet

Capital structure and asset base

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
Borrowings +181388314482613520358436219289362228
Other Liabilities +1,4811,6102,0412,1072,0832,3282,3892,0242,2942,4672,7663,326
Total Liabilities2,5652,9183,3483,7173,7664,0224,1573,9994,0884,5745,2676,122
Fixed Assets +19117517417214986868075726766
CWIP120000000000
Investments3832225820243846676972
Other Assets +2,3352,7083,1513,5403,6093,9154,0463,8823,9674,4355,1315,984
Total Assets2,5652,9183,3483,7173,7664,0224,1573,9994,0884,5745,2676,122

Financials of Va Tech Wabag

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6-2176-216-762451351285134355207
Cash from Investing Activity +-99122523951-394156-111-20
Cash from Financing Activity +2182-10010649-135-8645-2404434-185
Net Cash Flow-9186-42-106-181145117-1142332781
Free Cash Flow-23-232-5-219-78310122983122351202
CFO/OP29%-76%35%-46%-10%130%76%13%35%44%103%64%

Financials of Va Tech Wabag

Ratios

Working capital efficiency and return ratios

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%

Guidance history

How Va Tech Wabag's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatNone planned—Rising
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatNone plannedNone plannedFlat
Q2 FY26 call →10–20%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

71out of 100

Momentum score · price trend

71 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+29.2%78%
Last 6 months+21.0%77%
Last 3 months−9.2%47%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Va Tech Wabag: 0.4 × 78 + 0.4 × 77 + 0.2 × 47 = 71.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Va Tech Wabag's management said in earlier quarters

Others in Other Utilities this season

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