Does This Valuation Of VA Tech Wabag Limited (NSE:WABAG) Imply Investors Are Overpaying?
Feb 07
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Indian (NIFTY) Water Industry Analysis
UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies1
- 7D13.5%
- 3M-10.4%
- 1Y-11.1%
- YTDn/a
All of the companies in the Water industry have been up over the last week, with the industry up 12%. However, the industry is down 14% over the past year. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Indian Water Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 09 Feb 2026 | ₹75.7b | ₹36.9b | ₹3.4b | 22.1x | 22.1x | 2.1x |
| Wed, 07 Jan 2026 | ₹75.4b | ₹35.4b | ₹3.2b | 23.5x | 23.5x | 2.1x |
| Fri, 05 Dec 2025 | ₹86.4b | ₹35.4b | ₹3.2b | 27x | 27x | 2.4x |
| Sun, 02 Nov 2025 | ₹88.1b | ₹34.0b | ₹3.1b | 28.8x | 28.8x | 2.6x |
| Tue, 30 Sep 2025 | ₹88.3b | ₹34.0b | ₹3.1b | 28.8x | 28.8x | 2.6x |
| Thu, 28 Aug 2025 | ₹94.7b | ₹34.0b | ₹3.1b | 30.9x | 30.9x | 2.8x |
| Sat, 26 Jul 2025 | ₹101.0b | ₹32.9b | ₹3.0b | 34.2x | 34.2x | 3.1x |
| Mon, 23 Jun 2025 | ₹91.7b | ₹32.9b | ₹3.0b | 31x | 31x | 2.8x |
| Wed, 21 May 2025 | ₹86.8b | ₹30.7b | ₹2.7b | 32.3x | 32.3x | 2.8x |
| Fri, 18 Apr 2025 | ₹89.1b | ₹30.7b | ₹2.7b | 33.2x | 33.2x | 2.9x |
| Sun, 16 Mar 2025 | ₹82.5b | ₹30.7b | ₹2.7b | 30.8x | 30.8x | 2.7x |
| Tue, 11 Feb 2025 | ₹86.4b | ₹30.7b | ₹2.7b | 32.2x | 32.2x | 2.8x |
| Thu, 09 Jan 2025 | ₹95.8b | ₹29.7b | ₹2.6b | 36.7x | 36.7x | 3.2x |
| Sat, 07 Dec 2024 | ₹118.5b | ₹29.7b | ₹2.6b | 45.4x | 45.4x | 4x |
| Mon, 04 Nov 2024 | ₹110.3b | ₹29.3b | ₹2.5b | 44x | 44x | 3.8x |
| Wed, 02 Oct 2024 | ₹95.6b | ₹29.3b | ₹2.5b | 38.2x | 38.2x | 3.3x |
| Fri, 30 Aug 2024 | ₹81.3b | ₹29.3b | ₹2.5b | 32.4x | 32.4x | 2.8x |
| Sun, 28 Jul 2024 | ₹83.7b | ₹28.6b | ₹2.5b | 34.1x | 34.1x | 2.9x |
| Tue, 25 Jun 2024 | ₹73.9b | ₹28.6b | ₹2.5b | 30.1x | 30.1x | 2.6x |
| Thu, 23 May 2024 | ₹60.6b | ₹29.0b | ₹2.5b | 24.7x | 24.7x | 2.1x |
| Sat, 20 Apr 2024 | ₹58.3b | ₹28.5b | ₹618.5m | 94.2x | 94.2x | 2x |
| Mon, 18 Mar 2024 | ₹43.8b | ₹28.5b | ₹618.5m | 70.8x | 70.8x | 1.5x |
| Wed, 14 Feb 2024 | ₹43.0b | ₹28.5b | ₹618.5m | 69.6x | 69.6x | 1.5x |
| Fri, 12 Jan 2024 | ₹38.6b | ₹28.0b | ₹461.5m | 87.4x | 83.7x | 1.4x |
| Sun, 10 Dec 2023 | ₹39.0b | ₹28.0b | ₹461.5m | 84.6x | 84.6x | 1.4x |
| Tue, 07 Nov 2023 | ₹30.5b | ₹28.8b | ₹325.5m | 93.8x | 93.8x | 1.1x |
| Thu, 05 Oct 2023 | ₹28.5b | ₹28.8b | ₹325.5m | 86.6x | 87.6x | 1x |
| Sat, 02 Sep 2023 | ₹30.8b | ₹28.8b | ₹325.5m | 94.6x | 94.6x | 1.1x |
| Mon, 31 Jul 2023 | ₹32.6b | ₹29.6b | ₹128.5m | 253.6x | 253.6x | 1.1x |
| Wed, 28 Jun 2023 | ₹29.4b | ₹29.6b | ₹128.5m | 229.1x | 229.1x | 1x |
| Fri, 26 May 2023 | ₹28.4b | ₹30.1b | ₹128.5m | 220.7x | 220.7x | 0.9x |
| Sun, 23 Apr 2023 | ₹24.3b | ₹29.3b | ₹1.7b | 14.3x | 14.3x | 0.8x |
| Tue, 21 Mar 2023 | ₹20.2b | ₹29.3b | ₹1.7b | 11.8x | 11.8x | 0.7x |
| Thu, 16 Feb 2023 | ₹20.7b | ₹29.3b | ₹1.7b | 12.2x | 12.2x | 0.7x |
Price to Earnings Ratio
12.2x
Current Industry PE
- There is only one company in the Indian Water Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 6.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Water compare with similar industries?
| IN Market | 3.74% | |
| Utilities | 9.27% | |
| Water Utilities | 13.53% | |
| Water | 13.53% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WABAG VA Tech Wabag | ₹1.29k | 18.8% +₹12.8b | -6.8% | PE23.6x |