Valuation Update With 7 Day Price Move • 8h
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1,823, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 12x in the Water Utilities industry in Asia. Total returns to shareholders of 275% over the past three years. Reported Earnings • May 23
Full year 2026 earnings: EPS in line with analyst expectations despite revenue beat Full year 2026 results: EPS: ₹70.24 (up from ₹47.48 in FY 2025). Revenue: ₹39.9b (up 21% from FY 2025). Net income: ₹3.71b (up 26% from FY 2025). Profit margin: 9.3% (up from 9.0% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Duyuru • May 22
VA Tech Wabag Limited, Annual General Meeting, Aug 12, 2026 VA Tech Wabag Limited, Annual General Meeting, Aug 12, 2026. Duyuru • May 13
VA Tech Wabag Limited to Report Q4, 2026 Results on May 21, 2026 VA Tech Wabag Limited announced that they will report Q4, 2026 results on May 21, 2026 Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: ₹15.63 (vs ₹8.51 in 3Q 2025) Third quarter 2026 results: EPS: ₹15.63 (up from ₹8.51 in 3Q 2025). Revenue: ₹9.85b (up 21% from 3Q 2025). Net income: ₹917.0m (up 31% from 3Q 2025). Profit margin: 9.3% (up from 8.7% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 54% per year. Duyuru • Jan 27
VA Tech Wabag Limited to Report Q3, 2026 Results on Feb 05, 2026 VA Tech Wabag Limited announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: ₹13.63 (vs ₹11.35 in 2Q 2025) Second quarter 2026 results: EPS: ₹13.63 (up from ₹11.35 in 2Q 2025). Revenue: ₹8.76b (up 25% from 2Q 2025). Net income: ₹848.0m (up 20% from 2Q 2025). Profit margin: 9.7% (in line with 2Q 2025). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 29
VA Tech Wabag Limited to Report Q2, 2026 Results on Nov 07, 2025 VA Tech Wabag Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Duyuru • Aug 04
VA Tech Wabag Limited to Report Q1, 2026 Results on Aug 12, 2025 VA Tech Wabag Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Upcoming Dividend • Jul 29
Upcoming dividend of ₹4.00 per share Eligible shareholders must have bought the stock before 05 August 2025. Payment date: 10 September 2025. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (3.5%). Reported Earnings • Jul 24
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: ₹47.48 (up from ₹39.49 in FY 2024). Revenue: ₹32.9b (up 15% from FY 2024). Net income: ₹2.95b (up 20% from FY 2024). Profit margin: 9.0% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,638, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 546% over the past three years. Duyuru • May 22
VA Tech Wabag Limited, Annual General Meeting, Aug 12, 2025 VA Tech Wabag Limited, Annual General Meeting, Aug 12, 2025, at 16:00 Indian Standard Time. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹47.48 (vs ₹39.49 in FY 2024) Full year 2025 results: EPS: ₹47.48 (up from ₹39.49 in FY 2024). Revenue: ₹33.4b (up 17% from FY 2024). Net income: ₹2.95b (up 20% from FY 2024). Profit margin: 8.8% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 21
VA Tech Wabag Limited Recommends Final Dividend for the Financial Year 2024-25 The Board of Directors of VA Tech Wabag Limited have recommended a final Dividend of INR 4.00/- per Equity Share of face value INR 2/- each (200%) for the Fiscal Year 2024-25 commemorating "WABAG's Century long Leadership in Water and Sustainability". The said dividend recommended to the Members of the Company, shall be subject to the approval of the Members at the ensuing 30th Annual General Meeting (AGM) of the Company. Duyuru • May 13
VA Tech Wabag Limited to Report Q4, 2025 Results on May 21, 2025 VA Tech Wabag Limited announced that they will report Q4, 2025 results on May 21, 2025 Buy Or Sell Opportunity • Apr 29
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at ₹1,336. The fair value is estimated to be ₹1,685, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Buy Or Sell Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to ₹1,325. The fair value is estimated to be ₹1,684, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,566, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 12x in the Water Utilities industry in Asia. Total returns to shareholders of 461% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,685 per share. Buy Or Sell Opportunity • Mar 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to ₹1,323. The fair value is estimated to be ₹1,683, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 62% in the next 2 years. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Feb 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ₹1,305. The fair value is estimated to be ₹1,684, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: ₹8.51 (vs ₹12.56 in 3Q 2024) Third quarter 2025 results: EPS: ₹8.51. Revenue: ₹8.26b (up 17% from 3Q 2024). Net income: ₹702.0m (up 12% from 3Q 2024). Profit margin: 8.5% (down from 8.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Water Utilities industry in Asia. Duyuru • Jan 30
VA Tech Wabag Limited to Report Q3, 2025 Results on Feb 07, 2025 VA Tech Wabag Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,257, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Water Utilities industry in Asia. Total returns to shareholders of 301% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,164 per share. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,571, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Water Utilities industry in Asia. Total returns to shareholders of 402% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,163 per share. New Risk • Dec 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Price Target Changed • Nov 12
Price target increased by 26% to ₹1,953 Up from ₹1,554, the current price target is an average from 4 analysts. New target price is 13% above last closing price of ₹1,734. Stock is up 204% over the past year. The company is forecast to post earnings per share of ₹48.15 for next year compared to ₹39.49 last year. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: ₹11.35 (vs ₹9.68 in 2Q 2024) Second quarter 2025 results: EPS: ₹11.35 (up from ₹9.68 in 2Q 2024). Revenue: ₹7.14b (up 7.4% from 2Q 2024). Net income: ₹706.0m (up 17% from 2Q 2024). Profit margin: 9.9% (in line with 2Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 30
VA Tech Wabag Limited to Report Q2, 2025 Results on Nov 07, 2024 VA Tech Wabag Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,706, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 406% over the past three years. Duyuru • Sep 19
Intimation of Development in Arbitration Proceeding Pertaining to Travancore Titanium Products Ltd Against VA Tech Wabag Limited This is to inform that in the dispute between M/s. Travancore Titanium Products Ltd. (TTPL) and VA TECH WABAG LTD (WABAG), the Sole Arbitrator Shri. P. R. Ramachandra Menon passed an award in favor of TTPL in Kochi, Kerala. The Sole Arbitrator has allowed the claims filed by TTPL for an amount of INR 126,683,750 along with 12% interest from the date of award till the date of realization of payment. Based on legal opinion, WABAG, prima facie, believes that it is a fit case for challenging the award passed by the Sole Arbitrator and shall take necessary steps to file an Appeal challenging the impugned award within the statutory period available under the Arbitration and Conciliation Act, 1996, before the appropriate appellate jurisdiction. Price Target Changed • Aug 13
Price target increased by 13% to ₹1,459 Up from ₹1,294, the current price target is an average from 4 analysts. New target price is 12% above last closing price of ₹1,300. Stock is up 156% over the past year. The company is forecast to post earnings per share of ₹47.90 for next year compared to ₹39.49 last year. Duyuru • Aug 02
VA Tech Wabag Limited to Report Q1, 2025 Results on Aug 08, 2024 VA Tech Wabag Limited announced that they will report Q1, 2025 results at 12:08 PM, Indian Standard Time on Aug 08, 2024 Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Non–Executive Non-Independent Director Amit Goela was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹39.49 (up from ₹2.09 in FY 2023). Revenue: ₹28.6b (down 3.5% from FY 2023). Net income: ₹2.46b (up ₹2.33b from FY 2023). Profit margin: 8.6% (up from 0.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,323, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 278% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹677 per share. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,154, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 215% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹678 per share. Duyuru • May 23
VA Tech Wabag Limited, Annual General Meeting, Aug 14, 2024 VA Tech Wabag Limited, Annual General Meeting, Aug 14, 2024, at 15:00 Indian Standard Time. Reported Earnings • May 22
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹39.49 (up from ₹2.07 in FY 2023). Revenue: ₹29.0b (down 2.0% from FY 2023). Net income: ₹2.46b (up ₹2.33b from FY 2023). Profit margin: 8.5% (up from 0.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 73%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Duyuru • May 16
VA Tech Wabag Limited to Report Q4, 2024 Results on May 21, 2024 VA Tech Wabag Limited announced that they will report Q4, 2024 results on May 21, 2024 Price Target Changed • Feb 14
Price target increased by 7.5% to ₹693 Up from ₹645, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹692. Stock is up 108% over the past year. The company is forecast to post earnings per share of ₹41.75 for next year compared to ₹2.07 last year. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: ₹12.56 (vs ₹12.62 in 3Q 2023) Third quarter 2024 results: EPS: ₹12.56. Revenue: ₹7.08b (up 8.7% from 3Q 2023). Net income: ₹629.0m (up 33% from 3Q 2023). Profit margin: 8.9% (up from 7.2% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Water Utilities industry in Asia. Duyuru • Feb 03
VA Tech Wabag Limited to Report Q3, 2024 Results on Feb 09, 2024 VA Tech Wabag Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹570, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Water Utilities industry in Asia. Total returns to shareholders of 207% over the past three years. Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: ₹9.68 (vs ₹7.50 in 2Q 2023) Second quarter 2024 results: EPS: ₹9.68 (up from ₹7.50 in 2Q 2023). Revenue: ₹6.80b (down 9.3% from 2Q 2023). Net income: ₹602.0m (up 29% from 2Q 2023). Profit margin: 8.8% (up from 6.2% in 2Q 2023). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Duyuru • Oct 31
VA Tech Wabag Limited to Report Q2, 2024 Results on Nov 06, 2023 VA Tech Wabag Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Price Target Changed • Oct 12
Price target increased by 7.3% to ₹541 Up from ₹505, the current price target is an average from 3 analysts. New target price is 22% above last closing price of ₹445. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹43.90 for next year compared to ₹2.07 last year. Duyuru • Sep 29
Rajneesh Chopra, Head - Global Business Development, Senior Management Personnel of VA Tech Wabag Limited Will Superannuate from the Services, Effective September 30, 2023 VA Tech Wabag Limited informed that Mr. Rajneesh Chopra, Head - Global Business Development, Senior Management Personnel of the Company will superannuate from the services of the Company effective from the close of the business hours of September 30, 2023 on attaining the retirement age. The Company places on record its sincere appreciations for the valuable services rendered by Mr. Rajneesh Chopra to the Company during his tenure as Head - O&M and later as Head - Global Business Development. Duyuru • Aug 03
VA Tech Wabag Limited to Report Q1, 2024 Results on Aug 11, 2023 VA Tech Wabag Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Reported Earnings • Jul 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹2.07 (down from ₹21.21 in FY 2022). Revenue: ₹29.6b (flat on FY 2022). Net income: ₹128.5m (down 90% from FY 2022). Profit margin: 0.4% (down from 4.4% in FY 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 18
Price target increased by 34% to ₹505 Up from ₹378, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹517. Stock is up 112% over the past year. The company is forecast to post earnings per share of ₹43.50 for next year compared to ₹2.07 last year. Reported Earnings • May 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹2.07 (down from ₹21.21 in FY 2022). Revenue: ₹30.1b (up 1.2% from FY 2022). Net income: ₹128.5m (down 90% from FY 2022). Profit margin: 0.4% (down from 4.4% in FY 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 92%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 20
VA Tech Wabag Limited, Annual General Meeting, Aug 11, 2023 VA Tech Wabag Limited, Annual General Meeting, Aug 11, 2023, at 16:00 Indian Standard Time. Duyuru • May 13
VA Tech Wabag Limited to Report Q4, 2023 Results on May 19, 2023 VA Tech Wabag Limited announced that they will report Q4, 2023 results on May 19, 2023 Price Target Changed • Mar 16
Price target increased by 10% to ₹417 Up from ₹378, the current price target is an average from 2 analysts. New target price is 30% above last closing price of ₹320. Stock is up 8.2% over the past year. The company is forecast to post earnings per share of ₹28.38 for next year compared to ₹21.21 last year. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: ₹12.62 (vs ₹7.10 in 3Q 2022) Third quarter 2023 results: EPS: ₹12.62 (up from ₹7.10 in 3Q 2022). Revenue: ₹6.52b (down 13% from 3Q 2022). Net income: ₹471.4m (up 6.7% from 3Q 2022). Profit margin: 7.2% (up from 5.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. Duyuru • Feb 02
VA Tech Wabag Limited to Report Q3, 2023 Results on Feb 10, 2023 VA Tech Wabag Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹7.50 (vs ₹4.22 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.50 (up from ₹4.22 in 2Q 2022). Revenue: ₹7.50b (up 9.7% from 2Q 2022). Net income: ₹466.7m (up 78% from 2Q 2022). Profit margin: 6.2% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: ₹7.50 (vs ₹4.22 in 2Q 2022) Second quarter 2023 results: EPS: ₹7.50 (up from ₹4.22 in 2Q 2022). Revenue: ₹7.73b (up 13% from 2Q 2022). Net income: ₹466.7m (up 78% from 2Q 2022). Profit margin: 6.0% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Duyuru • Nov 05
VA Tech Wabag Limited to Report Q2, 2023 Results on Nov 11, 2022 VA Tech Wabag Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Duyuru • Sep 23
VA Tech Wabag Limited Announces Resignation of R. Swaminathan, Company Secretary & Compliance Officer VA Tech Wabag Limited announce that as amended from time to time, Mr. R. Swaminathan, Company Secretary & Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation from the services of the Company due to personal reasons. The Board of Directors of the Company vide circular resolution dated September 22, 2022 has accepted his resignation and will relieve him with effect from the close of business hours of October 07, 2022. Duyuru • Aug 05
VA Tech Wabag Limited to Report Q1, 2023 Results on Aug 10, 2022 VA Tech Wabag Limited announced that they will report Q1, 2023 results at 12:08 PM, Indian Standard Time on Aug 10, 2022 Reported Earnings • Aug 04
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹21.21 (up from ₹18.83 in FY 2021). Revenue: ₹29.8b (up 5.1% from FY 2021). Net income: ₹1.32b (up 20% from FY 2021). Profit margin: 4.4% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 01
Price target decreased to ₹390 Down from ₹462, the current price target is an average from 3 analysts. New target price is 54% above last closing price of ₹254. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of ₹30.72 for next year compared to ₹21.21 last year. Reported Earnings • May 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹21.21 (up from ₹18.83 in FY 2021). Revenue: ₹30.1b (up 6.3% from FY 2021). Net income: ₹1.32b (up 20% from FY 2021). Profit margin: 4.4% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 22%, compared to a 8.8% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹242, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Water Utilities industry in Asia. Total loss to shareholders of 6.9% over the past three years. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹7.10 (down from ₹7.33 in 3Q 2021). Revenue: ₹7.51b (down 5.7% from 3Q 2021). Net income: ₹441.6m (up 5.7% from 3Q 2021). Profit margin: 5.9% (up from 5.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Over the next year, revenue is forecast to grow 18%, compared to a 4.4% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Duyuru • Feb 05
VA Tech Wabag Limited to Report Q3, 2022 Results on Feb 11, 2022 VA Tech Wabag Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Duyuru • Jan 31
VA Tech Wabag Limited Announces Sad Demise of Malay Mukherjee, Non - Executive Chairman and Independent Director VA Tech Wabag Limited announced the sad demise of Mr. Malay Mukherjee, Non - Executive Chairman and Independent Director aged 74 years, on Saturday, January 29, 2022. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹4.22 (vs ₹3.05 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹6.84b (up 12% from 2Q 2021). Net income: ₹262.2m (up 57% from 2Q 2021). Profit margin: 3.8% (up from 2.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Aug 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non–Executive Non-Independent Director Amit Goela was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 04
Full year 2021 earnings released: EPS ₹18.83 (vs ₹16.64 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹28.3b (up 11% from FY 2020). Net income: ₹1.10b (up 21% from FY 2020). Profit margin: 3.9% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 24% share price gain to ₹350, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Water Utilities industry in Asia. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹162 per share. Executive Departure • Jun 08
Group Chief Financial Officer Sandeep Agrawal has left the company On the 7th of June, Sandeep Agrawal's tenure as Group Chief Financial Officer ended after 2.1 years in the role. We don't have any record of a personal shareholding under Sandeep's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.50 years. Reported Earnings • Jun 06
Full year 2021 earnings released: EPS ₹18.83 (vs ₹16.64 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹28.4b (up 11% from FY 2020). Net income: ₹1.10b (up 21% from FY 2020). Profit margin: 3.9% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. Executive Departure • Jun 01
Group Chief Financial Officer has left the company On the 31st of May, Sandeep Agrawal's tenure as Group Chief Financial Officer ended after 2.1 years in the role. We don't have any record of a personal shareholding under Sandeep's name. A total of 2 executives have left over the last 12 months. Duyuru • Feb 18
Va Tech Wabag Limited Completes the Financial Closure for Its Hybrid Annuity Model Project Received from Kolkata Metropolitan Development Authority VA TECH WABAG LIMITED has completed the Financial Closure for its Hybrid Annuity Model (`HAM') project received from Kolkata Metropolitan Development Authority (`KMDA'). The company had earlier signed a INR 575 Crore HAM concession agreement under the Namami Gange programme administered by the National Mission for Clean Ganga (NMCG') which included the scope of engineering, supply and construction of new sewage treatment plants, renovation and up-gradation of existing sewagetreatment plants, rehabilitation of pumping stations and other associated infrastructure in Kolkata. The company will execute Engineering, Procurement and Construction (`EPO') portion of this project over 24 months followed by O&M of 15 years. Once complete, the project with a cumulative wastewater treatment capacity of 187 MLD will contribute to reducing the discharge of untreated sewage into the Holy Ganga from the state of West Bengal by around 15 %. The EPC portion of the project is to be funded by a mix of NMCG Grant, Equity and Debt. 40 % of EPC cost will be funded by NMCG grant during the construction period and balance 60 % to be funded by a mix of debt and equity. In line with the same, the company is pleased to inform that the project debt requirement will be funded by a consortium of International Finance Corporation (AFC') and Tata Cleantech Capital Limited ('TCCL'). In line with the asset light principle of the company informed about the agreement signed with Kathari Water Management Private Limited who will be investment partner in the project. GGEF is established with anchor investment from National Investment and Infrastructure Fund (`NIIF') anchored by Government of India and Foreign, Commonwealth & Development Office (`FCD01), Government of UK. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₹244, the stock is trading at a trailing P/E ratio of 14.7x, up from the previous P/E ratio of 12.5x. This compares to an average P/E of 13x in the Water Utilities industry in Asia. Total return to shareholders over the past three years is a loss of 55%. Price Target Changed • Feb 15
Price target raised to ₹223 Up from ₹204, the current price target is an average from 2 analysts. The new target price is 8.6% below the current share price of ₹244. As of last close, the stock is up 16% over the past year. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 58%. Over the next year, revenue is forecast to grow 8.2%, compared to a 4.8% growth forecast for the Water Utilities industry in India. Is New 90 Day High Low • Feb 12
New 90-day high: ₹220 The company is up 19% from its price of ₹185 on 14 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹798 per share. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹7.33 (vs ₹5.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹8.00b (up 18% from 3Q 2020). Net income: ₹417.8m (up 36% from 3Q 2020). Profit margin: 5.2% (up from 4.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Duyuru • Feb 11
Va Tech Wabag Limited Secures Multiple Orders Worth About EUR 100 Million in Europe and North Africa VA Tech Wabag Limited has secured multiple orders worth about EUR 100 million in Switzerland, Tunisia and Libya. WABAG Swiss received its biggest ever order towards design and build of Lake Water Treatment Plant from ENERGIE SERVICE BIEL/BIENNE, towards replacing the existing facility which is more than 50 years old, thereby ensuring water security to the city of Biel and Nidau. The plant will be built with state-of-the-art technology that purifies water using a multi- barrier treatment, including reverse osmosis. The plant will be executed over a period of 5 years and WABAG will deliver the electro-mechanical equipment for all treatment steps as well as the automation, starting with the raw water intake up to the distribution pumps to the network of the municipalities. WABAG in consortium with local civil partner secured an order to design and build 30 MLD Water Treatment Plant at Kasseb Dam in Tunisia from Societe Nationale D'exploitation Et De Distribution Des Eaux ('SONEDE'). The project scope includes Design, Engineering, Construction, Supply, Installation and Commissioning of WTP using advanced Lamella clarifier technology. The project funded by KfW, will be executed over a period of 20 months. The project also includes Operation & Maintenance of the plant for a period of 6 months. Duyuru • Feb 04
VA Tech Wabag Limited to Report Q3, 2021 Results on Feb 11, 2021 VA Tech Wabag Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Is New 90 Day High Low • Jan 12
New 90-day high: ₹220 The company is up 17% from its price of ₹188 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,687 per share. Is New 90 Day High Low • Dec 16
New 90-day high: ₹218 The company is up 2.0% from its price of ₹215 on 17 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,648 per share. Price Target Changed • Nov 19
Price target raised to ₹204 Up from ₹185, the current price target is an average from 3 analysts. The new target price is 5.5% above the current share price of ₹193. As of last close, the stock is up 16% over the past year. Duyuru • Nov 12
VA Tech Wabag Limited Appoints Ranjit Singh as an Additional Director in the Category of Independent Director VA Tech Wabag Limited at its board meeting held on Nov. 11, 2020, has appointed Mr. Ranjit Singh as an Additional Director in the category of Independent Director of the Company with immediate effect, subject to the approval of shareholders at the coming Annual General Meeting. Mr. Ranjit Singh has over 30 years of experience in Industrial Management in Indian, International and Multicultural business environment. He worked as Managing Director, Kalpataru Power Transmission and Global COO & Board member of Polyplex Corporation Limited. At present he is also a member of Board of Governors of IIM Jammu. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 58%. Over the next year, revenue is forecast to grow 12%, compared to a 5.5% growth forecast for the Water Utilities industry in India. Reported Earnings • Nov 12
Second quarter 2021 earnings released: EPS ₹3.05 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹6.10b (down 4.1% from 2Q 2020). Net income: ₹166.9m (down 38% from 2Q 2020). Profit margin: 2.7% (down from 4.3% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Duyuru • Nov 11
VA Tech Wabag Limited to Report Q2, 2021 Results on Nov 11, 2020 VA Tech Wabag Limited announced that they will report Q2, 2021 results on Nov 11, 2020 Duyuru • Sep 30
VA Tech Wabag Limited announced that it expects to receive INR 1.2 billion in funding from Basera Home Finance Private Limited VA Tech Wabag Limited (NSEI:WABAG) announced a private placement of upto 7,500,000 equity shares on a preferential basis at a price of INR 160 per share for gross proceeds of INR 1,200,000,000 on August 25, 2020. The company will issue shares at a premium of INR 158 per share. The transaction will include participation from Rekha Rakesh Jhunjhunwala for 5,000,000 shares, Basera Home Finance Private Limited for 1,500,000 shares and Sushma Anand Jain and Anand Jaikumar Jain jointly for 1,000,000 shares. The securities issued under the transaction are subject to a lock-in as prescribed by SEBI ICDR Regulations. The transaction is subject to necessary approvals of the members of the company at the ensuing Annual General Meeting scheduled to be held on September 23, 2020 and any other statutory/ regulatory authorities, if required and shall be in terms of the acts / rules / regulations / guidelines issued by SEBI, SEBI LODR and other applicable provisions of the law. The transaction has been approved by Board of Directors of the company.