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As of 6 Nov 2026, VA Tech Wabag trades at 29.4× trailing earnings, above the industry P/E of 16.4×, and the shares are 14% below their 52-week high. It earns ROCE of 16% and ROE of 16%, and sales grew 9.9% a year over 3 years. It has almost no debt, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹12,434 Cr, ranked 7th of 156 Engineering & Construction companies by market cap; the shares rose 33% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,925.30
Day high
₹2,000.00
Day low
₹1,880.40
Prev. close
₹1,865.60
Volume
15.9 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsAhead

    +33.2% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 29.4 vs industry 16.4.

  • GrowthSteady

    Sales +9.9%, profit +205.4% a year over 3 years.

  • ProfitabilityAverage

    ROCE 16.3% vs peer median 19.9%.

  • Balance sheetSolid

    Debt 0.07× equity, interest covered 22.2×, Piotroski 7 of 9.

  • Red flags1 to check

    P/E of 29.4 against an industry P/E of 16.4.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Engineering & Construction

155 listed peers. Screen the industry

Small cap

₹12,434 Cr, #7 of 156 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹4,267 Cr · profit ₹415 Cr
Market cap
₹12,434 Cr
Small cap
P/E
29.4
Industry 16.4
Price to book
4.51
Peers 5.01
Dividend yield
0.25%
ROE
16.3%
Peers 17.9%
ROCE
16.3%
Peers 19.9%
Debt to equity
0.07
Debt ₹185 Cr
EPS (TTM)
₹67.71
Face value ₹2
OPM (TTM)
11.3%
Net margin 9.7%
Sales growth
+19.9%
Latest quarter vs a year ago
Profit growth
+23.3%
Latest quarter vs a year ago
Price to sales
2.91
EV/EBITDA 23.4

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 23.3% on a year ago.
  • Quarterly sales up 19.9% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 29.4 against an industry P/E of 16.4.

Derived automatically from reported figures. Not a recommendation.

About VA Tech Wabag

VA Tech Wabag Limited, together with its subsidiaries, engages in the design, supply, installation, construction, operation, and maintenance of drinking water, waste and industrial water treatment, and desalination plants in India and internationally. The company offers drinking water treatment, desalination, wastewater treatment, industrial water treatment, effluent treatment, sludge treatment, water reclamation, industrial water recycling, zero liquid…

Headquarters
Chennai
Employees
1,234
Sector
Industrials
ISIN
INE956G01038
Website
wabag.com

Price range

52 weeks

₹1,033.00₹2,319.00

Today

₹1,880.40₹2,000.00
Avg volume (3M)
6 L
1-year return
plus 33.2%
From 52-week high
minus 14.3%

Analyst consensus

9 analysts
Strong buyMean target ₹2,323.67 plus 16.9%

Target range, with today’s price

Low ₹1,870.00High ₹2,530.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Engineering & Construction

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
LTLarsen & Toubro4,117.70plus 1.67%5,66,54931.719.614.6%9.6%1.0516.1%plus 3.2%
RVNLRail Vikas Nigam193.34minus 0.18%40,31244.956.911.0%4.3%0.490.2%minus 40.5%
CEMPROCemindia Projects1,323.30plus 2.79%24,40536.424.237.1%10.4%0.3525.5%plus 49.2%
KPILKalpataru Projects International1,370.80minus 0.04%23,41019.710.119.9%8.3%0.4618.4%plus 4.3%
NBCCNBCC (India)78.00minus 2.90%21,06026.519.834.3%6.1%0.0012.9%minus 29.5%
ENGINERSINEngineers India292.70minus 1.94%16,45118.321.528.1%21.2%0.005.7%plus 51.1%
WABAGVA Tech Wabag1,988.20plus 6.57%12,43429.420.816.3%10.9%0.099.9%plus 33.2%
LOTUSDEVSri Lotus Developers and Realty233.82minus 0.16%11,42739.038.216.7%36.7%0.0666.4%plus 31.7%
Median of 7 peers–−0.16%23,41031.721.519.9%9.6%0.3516.1%4.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
8359611,4148871,000
7458401,257807876
89.312215779.5124
10.7%12.6%11.1%9.0%12.4%
42.82430.657.531.1
19.617.916.617.217.7
1.71.61.51.61.7
–−4.7–––
111121170118136
23.5%24.7%24.7%23.8%23.2%
84.891.712890.1105
13.4514.5422.3814.1616.54

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+9.9%
Profit CAGR 3Y
+205.4%
EPS CAGR 3Y
+204.9%
ROE
16.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,9462,8273,2763,908
–minus 4.1%+15.9%+19.3%
2,8922,4412,8733,343
54.4386403566
1.8%13.6%12.3%14.5%
318−27.1−6.845.1
28.725.533.423
8.88.45.96.2
−3185.327.9−93.2
16.9330384489
34.9%24.1%23.3%24.3%
13246295371
–+1789.2%+20.2%+25.5%
2.0739.4946.8058.72

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
12.412.412.412.5
1,5621,8062,1282,556
219289362228
2,2952,4672,7663,326
4,0894,5755,2676,122
71.76963.863.3
16.810.765.2
146466754906
3,8554,0294,4445,148
4,0894,5755,2676,122

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
84.9134355207
15.884.1−121−20.4
−24043.634−185
−1392612681.4
−5.2−11.9−4.5−5.2
79.7122351202
–––−24.9

Shareholding pattern

Source: NSE filings
19.0%
promoters
  • Promoters19.03%
  • Public80.97%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202619.03%80.97%minus 0.05
30 Jun 202619.08%80.92%minus 0.01
31 Mar 202619.09%80.91%0.00
31 Dec 202519.09%80.91%minus 0.01
30 Sep 202519.10%80.90%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you