VA Tech Wabag Limited

NSE: WABAG · Utilities

₹1,988.20+6.57%06 Nov 2026

Ask the data

Instant answers about VA Tech Wabag Limited — computed from its filings, no language model

Market cap₹12,426 cr

Current price₹1,988.20

High / Low₹2,278 / ₹1,049

P/E36.5

P/B4.52

Book value₹440.0

ROE12.4%

ROCE20.8%

Debt / equity0.07

Dividend yield0.20%

EPS (TTM)₹54.45

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	3,457	2,781	2,557	2,834	2,979	2,960	2,856	3,294	3,944
EBITDA	292	194	217	219	237	318	376	422	477
Operating margin	8.4%	7.0%	8.5%	7.7%	8.0%	10.7%	13.2%	12.8%	12.1%
Interest	58	75	109	90	88	66	71	79	73
Depreciation	18	17	15	12	10	9	8	6	6
Profit before tax	224	110	128	125	172	8	330	384	488
Tax	77	20	49	29	36	6	80	90	119
Net profit	132	105	15	110	132	13	246	16	437
EPS ₹	24.08	19.21	19.30	20.13	20.80	36.87	39.49	50.09	70.24
Operating cash flow	—	—	—	—	12	132	134	355	207
Capex	—	—	—	—	6	5	12	4	5
Dividend paid	—	—	—	—	-0	0	0	0	25
Total assets	—	—	—	—	—	4,089	4,574	5,267	6,122
Equity	—	—	—	—	—	1,575	1,819	2,140	2,568

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,037	688	752	662	679	457	636	679	785	431	608	796	999	658	684	745	892	632	750	652	927	553	665	704	934	626	700	811	1,156	734	834	961	1,414	887	1,000
Operating profit	95	41	63	49	41	38	61	67	51	29	43	70	76	33	57	76	72	23	54	75	108	66	86	99	116	81	94	100	141	96	89	122	157	80	124
Operating margin	9.1%	6.0%	8.4%	7.4%	6.0%	8.2%	9.7%	9.9%	6.5%	6.7%	7.1%	8.8%	7.6%	5.0%	8.3%	10.2%	8.0%	3.6%	7.2%	11.5%	11.7%	11.9%	12.9%	14.0%	12.4%	13.0%	13.4%	12.4%	12.2%	13.0%	10.7%	12.6%	11.1%	9.0%	12.4%
Other income	3	1	0	1	3	1	5	3	26	1	2	4	2	14	3	5	10	33	23	2	8	26	15	4	8	11	14	15	11	11	42	23	32	52	31
Interest	16	15	18	19	24	27	26	28	27	21	24	23	22	20	22	22	24	16	17	16	16	16	17	17	22	18	19	20	22	19	20	18	17	17	18
Depreciation	5	4	4	4	4	4	4	4	4	3	4	3	3	3	3	2	3	2	2	2	2	2	2	2	2	2	1	1	1	1	2	2	2	2	2
Profit before tax	78	24	43	27	16	9	37	41	45	6	18	48	53	25	35	57	55	37	57	58	-146	64	83	84	100	70	87	91	131	87	111	120	171	113	136
Tax	15	10	14	15	-19	9	13	13	14	2	4	12	11	6	9	11	10	9	13	13	-30	14	23	21	22	15	22	21	32	21	26	30	42	28	32
Net profit	60	13	36	15	41	3	27	31	11	6	17	42	47	15	26	44	46	30	47	47	-111	50	60	63	72	0	18	70	18	32	102	0	141	89	110
EPS ₹	10.92	2.38	6.55	2.82	7.46	0.48	4.96	5.63	7.50	1.95	3.68	8.55	6.52	2.45	4.22	6.41	7.70	4.40	6.37	12.62	11.42	7.84	8.87	10.11	11.64	8.84	11.35	8.51	18.83	10.58	13.63	15.63	22.68	14.35	17.58
Revenue YoY	—	—	—	—	-34.5%	-33.6%	-15.4%	2.6%	15.6%	-5.6%	-4.4%	17.2%	27.3%	52.7%	12.4%	-6.3%	-10.7%	-4.0%	9.7%	-12.6%	3.9%	-12.5%	-11.4%	8.1%	0.8%	13.3%	5.3%	15.1%	23.8%	17.2%	19.2%	18.5%	22.3%	20.8%	19.9%
Profit YoY	—	—	—	—	-31.7%	-79.8%	-24.4%	99.6%	-74.1%	113.0%	-38.4%	35.7%	341.5%	172.9%	57.1%	5.7%	-0.5%	97.9%	78.0%	6.7%	-340.0%	65.9%	29.0%	33.4%	—	-100.0%	-69.6%	11.6%	-75.7%	—	454.6%	-100.0%	702.3%	182.9%	8.1%

Earlier results (standalone, Sep '10 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

VA Tech Wabag Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	1,006	1,057	1,152	1,233	1,513	1,798
Operating profit	115	139	143	159	195	202
Operating margin	11.5%	13.1%	12.5%	12.9%	12.9%	11.2%
Interest	3	—	6	10	15	22
Depreciation	6	7	8	12	12	10
Profit before tax	110	133	132	136	179	126
Tax	35	43	44	46	61	51
Net profit	75	90	89	90	117	75

Quarters

showing latest 8 of 30 periods

	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	135	169	356	128	169	188	520	105	218	226	508	116	220	291	525	129	236	296	572	256	328	374	556	260	454	381	704	355	506	461
Operating profit	8	24	59	7	12	21	75	8	27	26	77	10	26	27	80	16	24	35	83	29	38	39	89	24	51	73	54	37	57	52
Operating margin	5.8%	14.2%	16.5%	5.5%	6.9%	11.3%	14.5%	7.9%	12.5%	11.6%	15.2%	8.5%	12.0%	9.4%	15.2%	12.6%	10.0%	12.0%	14.5%	11.5%	11.5%	10.5%	16.0%	9.1%	11.2%	19.2%	7.7%	10.4%	11.2%	11.2%
Other income	1	—	1	—	—	—	—	—	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	10	0	2	19
Interest	1	1	—	2	0	1	1	0	0	1	—	1	1	1	4	0	3	6	2	1	3	5	6	5	5	6	7	7	8	8
Depreciation	2	2	1	1	1	2	2	1	1	2	2	2	2	2	3	2	3	3	3	3	3	3	3	2	2	2	2	2	2	2
Profit before tax	6	23	59	7	10	19	73	7	26	25	75	9	25	25	73	14	17	27	78	25	36	31	86	27	43	1	55	28	48	60
Tax	1	8	20	2	3	6	23	2	8	8	24	3	8	8	24	5	6	9	26	9	13	10	30	9	15	0	26	10	17	19
Net profit	5	15	39	5	7	13	50	5	18	17	51	6	17	16	49	9	12	18	52	17	24	21	56	17	28	0	29	18	31	41
EPS ₹	5.66	15.30	39.47	4.75	2.67	4.90	18.95	1.73	6.64	6.39	19.25	2.28	6.40	6.18	18.44	3.45	4.36	6.59	9.62	3.07	4.39	3.80	10.33	3.21	5.21	0.09	5.15	3.29	5.76	7.52
Revenue YoY	—	—	—	—	25.0%	11.1%	46.1%	-18.2%	29.0%	20.2%	-2.3%	10.5%	0.9%	28.7%	3.4%	11.9%	7.4%	1.7%	8.8%	98.1%	38.8%	26.3%	-2.8%	1.5%	38.4%	1.9%	26.7%	36.2%	11.6%	21.0%
Profit YoY	—	—	—	—	32.5%	-12.9%	28.1%	-8.6%	149.4%	30.6%	1.9%	31.8%	-3.2%	-2.8%	-3.8%	51.6%	-31.6%	7.4%	5.8%	81.8%	105.1%	17.0%	8.2%	4.9%	18.9%	-97.6%	-49.1%	3.2%	10.9%	8128.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 32 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	10.4%	10.6%	0.8%	2.1%	2.8%	3.7%	13.5%	10.8%	7.8%	8.2%	5.0%	6.4%	9.5%	6.5%	10.7%	12.9%	12.4%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	14.4%	14.2%	4.1%	5.6%	6.4%	7.7%	19.1%	19.5%	17.4%	17.9%	18.3%	19.0%	19.5%	20.6%	20.1%	21.0%	20.8%
Net margin	3.9%	3.8%	3.7%	3.5%	4.1%	2.8%	2.9%	2.5%	2.8%	3.9%	3.9%	4.1%	4.3%	4.4%	5.0%	5.5%	5.8%	0.4%	1.1%	1.7%	2.2%	8.6%	6.7%	5.2%	5.2%	3.2%	4.0%	6.2%	4.1%	7.0%	8.1%	8.0%
EBITDA margin	7.9%	7.0%	7.5%	7.8%	8.4%	8.5%	8.2%	7.6%	7.4%	7.7%	7.3%	7.5%	7.8%	8.0%	7.7%	7.4%	7.6%	8.8%	10.5%	12.0%	12.6%	12.8%	13.0%	13.1%	12.7%	12.6%	12.7%	12.1%	12.1%	11.8%	10.9%	11.3%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.23	0.23	0.14	0.14	0.17	0.17	0.15	0.15	0.21	0.21	0.17	0.17	0.10	0.10	0.09	0.09	0.07
Interest coverage	3.56	2.46	2.08	1.92	1.97	2.21	2.25	2.09	2.22	2.38	2.62	2.84	2.96	2.96	3.19	3.61	3.85	1.12	1.53	1.92	2.29	5.65	5.59	5.51	5.40	5.81	5.97	6.23	6.77	7.71	8.23	8.79
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.75	0.72	0.72	0.70	0.68	0.69	0.62	0.64	0.63	0.66	0.63	0.65	0.65	0.67	0.64	0.67	0.69

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	12	12	12	12	12	12	12	12	12
Other equity / reserves	1,594	1,562	1,666	1,806	1,954	2,128	2,311	2,556	2,738
Total equity	1,606	1,575	1,678	1,819	1,967	2,140	2,324	2,568	2,750
Borrowings	377	213	278	281	423	357	236	228	182
Current liabilities	2,181	2,242	1,952	2,155	2,118	2,521	2,458	2,982	2,878
Non-current liabilities	274	214	497	596	585	601	675	567	586
Total assets	4,047	4,089	4,128	4,574	4,676	5,267	5,462	6,122	6,220
Property, plant & equipment	73	72	65	69	63	64	64	63	64
Capital work-in-progress	—	0	0	0	—	0	0	—	0
Investments	41	46	35	67	70	69	73	72	81
Inventories	37	41	42	36	44	36	45	36	40
Receivables	2,226	2,194	2,183	2,522	2,384	2,608	2,948	3,172	3,175
Cash & equivalents	201	181	243	440	579	718	582	785	876

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	12	132	134	355	207
Cash from investing	-34	-2	84	-121	-20
Cash from financing	45	-269	44	34	-185
Capex	6	5	12	4	5
Free cash flow	6	127	122	351	202
Dividends paid	-0	0	0	0	25

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹64 cr1%

Investments

₹81 cr1%

Inventories

₹40 cr1%

Receivables

₹3,175 cr51%

Cash & equivalents

₹876 cr14%

Other assets

₹1,985 cr32%

Peer comparison

largest in Utilities · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
VA Tech Wabag Limited	12,426	1,988.20	36.5	4.52	12.4%
ION Exchange (India) Limited	4,320	303.60	—	3.46	-2.6%
Refex Industries Limited	3,105	226.25	12.0	1.94	16.2%
Enviro Infra Engineers Limited	3,013	171.66	17.4	2.29	13.2%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-0.5%

6 months+32.6%

1 year+40.4%

3Y CAGR+59.4%

5Y CAGR+42.3%

10Y CAGR+15.6%

50-day avg₹1,976.31

200-day avg₹1,663.18

RSI (14)58

FAQs

What is the share price of VA Tech Wabag Limited?

VA Tech Wabag Limited (WABAG) closed at ₹1,988.20 on NSE on 06 Nov 2026.

What is the market cap of VA Tech Wabag Limited?

₹12,426 crore at the latest close.

What is the P/E ratio of VA Tech Wabag Limited?

36.5, on trailing-twelve-month earnings from its filings.

How fast is VA Tech Wabag Limited growing?

VA Tech Wabag Limited: revenue has compounded at 10.0% a year over three years; net profit at 224.1% a year. Latest-quarter revenue is up 19.9% year on year, profit up 8.1%.

How profitable is VA Tech Wabag Limited?

On a trailing-twelve-month basis return on equity is 12.4%, return on capital employed 20.8%, operating margin 11.3%, net margin 8.0%.

How much debt does VA Tech Wabag Limited have?

VA Tech Wabag Limited is lightly geared: debt to equity is 0.07 with borrowings of ₹182 cr against cash of ₹876 cr (balance sheet of 2026-09-30). Operating profit covers interest 8.8 times.

Financials parsed from VA Tech Wabag Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.