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Last Updated: April 2, 2026, 3:53 am
Author: Getaka|Social: XLinkedIn

Va Tech Wabag Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹974.64Overvalued by 21.15%vs CMP ₹1,236.00

P/E (22.3) × ROE (14.6%) × BV (₹373.00) × DY (0.32%)

₹741.17Overvalued by 40.03%vs CMP ₹1,236.00
MoS: -66.8% (Negative)Confidence: 58/100 (Moderate)Models: 2 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,178.9123%Fair (-4.6%)
Graham NumberEarnings₹678.9117%Over (-45.1%)
Earnings PowerEarnings₹252.5411%Over (-79.6%)
DCFCash Flow₹1,303.9111%Fair (+5.5%)
Net Asset ValueAssets₹372.747%Over (-69.8%)
EV/EBITDAEnterprise₹510.899%Over (-58.7%)
Earnings YieldEarnings₹549.207%Over (-55.6%)
ROCE CapitalReturns₹409.887%Over (-66.8%)
Revenue MultipleRevenue₹528.556%Over (-57.2%)
Consensus (9 models)₹741.17100%Overvalued
Key Drivers: Wide model spread (₹253–₹1,304) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.0%

*Investments are subject to market risks

Investment Snapshot

70
Va Tech Wabag Ltd scores 70/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 19.7% GoodROE 14.6% GoodD/E 0.21 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money75/100 · Strong
FII holding up 0.39% (6mo) Slight increaseDII holding up 1.30% MF buyingPromoter holding at 19.1% Stable
Earnings Quality65/100 · Strong
OPM expanding (10% → 13%) Improving
Quarterly Momentum80/100 · Strong
Revenue (4Q): +20% YoY GrowingProfit (4Q): +25% YoY Strong
Industry Rank50/100 · Moderate
P/E 22.3 vs industry 35.5 Cheaper than peersROCE 19.7% vs industry 37.7% Below peers3Y sales CAGR: 3% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:53 am

Market Cap 7,703 Cr.
Current Price 1,236
Intrinsic Value₹741.17
High / Low 1,680/1,033
Stock P/E22.3
Book Value 373
Dividend Yield0.32 %
ROCE19.7 %
ROE14.6 %
Face Value 2.00
PEG Ratio1.06

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Va Tech Wabag Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Va Tech Wabag Ltd 7,703 Cr. 1,236 1,680/1,03322.3 3730.32 %19.7 %14.6 % 2.00
Azad Engineering Ltd 9,911 Cr. 1,535 1,899/1,12880.5 2290.00 %12.2 %8.58 % 2.00
Balu Forge Industries Ltd 5,154 Cr. 425 784/34120.2 1090.04 %31.3 %25.4 % 10.0
Engineers India Ltd 11,296 Cr. 201 255/14914.6 48.11.99 %25.0 %23.2 % 5.00
Skipper Ltd 3,986 Cr. 353 588/30021.7 1120.03 %24.4 %14.2 % 1.00
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of Va Tech Wabag Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6529275536657049346267008111,156734834961
Expenses 5608184975796068195476077131,015638745840
Operating Profit 921085686981167994981419689122
OPM % 14%12%10%13%14%12%13%13%12%12%13%11%13%
Other Income -14-23226164911191513114319
Interest 16161617172218192022192018
Depreciation 2222222111122
Profit before tax 60-14264838310070929113187111121
Tax % 22%-21%22%28%25%22%22%24%23%24%24%23%25%
Net Profit 47-11250606378557070100668591
EPS in Rs 7.58-17.868.049.6810.1111.648.8411.3511.2916.0010.5813.6214.72

Last Updated: March 3, 2026, 1:58 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 8:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,2392,4352,5083,2083,4572,7812,5572,8342,9792,9602,8563,2943,686
Expenses 2,0502,2252,2932,9693,1652,5872,3402,6162,7452,6432,4902,8723,239
Operating Profit 189210216239292194217219234318366422447
OPM % 8%9%9%7%8%7%8%8%8%11%13%13%12%
Other Income 17781188401432-226434787
Interest 253946535875109908866717978
Depreciation 1511201918171512109866
Profit before tax 16616715717922411013213016817330384450
Tax % 32%34%43%37%34%19%37%23%22%35%24%23%
Net Profit 11411290112147898410113211250295341
EPS in Rs 21.3120.2816.2818.7624.0619.2016.6317.7121.212.0939.4947.4854.92
Dividend Payout % 19%20%25%21%17%21%-0%-0%-0%-0%-0%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-1.75%-19.64%24.44%31.25%-39.46%-5.62%20.24%30.69%-91.67%2172.73%18.00%
Change in YoY Net Profit Growth (%)0.00%-17.89%44.09%6.81%-70.71%33.84%25.86%10.45%-122.36%2264.39%-2154.73%

Va Tech Wabag Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:5%
3 Years:3%
TTM:16%
Compounded Profit Growth
10 Years:10%
5 Years:26%
3 Years:32%
TTM:22%
Stock Price CAGR
10 Years:8%
5 Years:50%
3 Years:75%
1 Year:16%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:11%
Last Year:15%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: March 3, 2026, 12:17 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5111111111111121212121212
Reserves 8368929099821,1181,0581,1641,3971,5271,5621,8062,1282,311
Borrowings 158181388314482613520358436219289362240
Other Liabilities 1,4331,4811,6102,0412,1072,0832,3282,3892,0242,2942,4672,7662,898
Total Liabilities 2,4322,5652,9183,3483,7173,7664,0224,1573,9994,0884,5745,2675,462
Fixed Assets 11919117517417214986868075726767
CWIP 6912-0-0-0-0-0-0-0-0-0-0
Investments 233832225820243846676973
Other Assets 2,2212,3352,7083,1513,5403,6093,9154,0463,8823,9674,4355,1315,322
Total Assets 2,4322,5652,9183,3483,7173,7664,0224,1573,9994,0884,5745,2675,462

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1126-2176-216-762451351285134355
Cash from Investing Activity + -74-99122523951-394156-111
Cash from Financing Activity + 482182-10010649-135-8645-2404434
Net Cash Flow 86-9186-42-106-181145117-114233278
Free Cash Flow 10-23-232-5-219-78310122983122351
CFO/OP 89%29%-76%35%-46%-10%130%76%13%35%44%103%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow31.0029.00-172.00-75.00-190.00-419.00-303.00-139.00-202.0099.0077.0060.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 226222241242138177227174162186254223
Inventory Days
Days Payable
Cash Conversion Cycle 226222241242138177227174162186254223
Working Capital Days 4661294057646173456112390
ROCE %21%20%17%18%19%11%14%13%13%20%20%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 19.12%19.12%19.12%19.12%19.12%19.12%19.12%19.12%19.12%19.12%19.10%19.10%
FIIs 16.57%16.67%15.64%13.11%12.45%11.52%14.68%18.86%18.58%18.69%18.40%18.97%
DIIs 3.25%3.54%3.52%5.85%5.63%4.99%3.59%2.01%3.02%3.66%4.47%4.32%
Public 61.07%60.65%61.70%61.91%62.78%64.35%62.59%60.00%59.28%58.51%58.04%57.62%
No. of Shareholders 99,44994,01498,50698,0261,08,2301,30,5691,45,5631,78,3461,90,5181,92,9721,94,2811,93,784

Shareholding Pattern Chart

No. of Shareholders

Va Tech Wabag Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Mahindra Manulife Small Cap Fund 421,045 1.31 53.23368,3242026-03-23 02:51:4514.31%
ITI Small Cap Fund 361,531 1.69 45.71312,7692026-02-23 00:40:5815.59%
LIC MF Flexi Cap Fund 169,410 2.14 21.42187,1002026-03-24 00:12:40-9.45%
ITI Value Fund 34,032 1.25 4.331,0152026-02-22 04:45:489.73%
Quantum ESG Best In Class Strategy Fund 13,201 1.76 1.6712,4432026-03-23 02:51:456.09%
LIC MF Childrens Fund 1,445 1.23 0.181,4962026-03-23 02:51:45-3.41%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 47.4839.492.0721.2118.83
Diluted EPS (Rs.) 46.8039.492.0721.2118.83
Cash EPS (Rs.) 48.1543.271.6923.3717.23
Book Value[Excl.RevalReserv]/Share (Rs.) 345.14294.19253.16245.32224.49
Book Value[Incl.RevalReserv]/Share (Rs.) 345.14294.19253.16245.32224.49
Revenue From Operations / Share (Rs.) 531.29460.71475.96478.99455.71
PBDIT / Share (Rs.) 75.3167.6059.7143.3136.49
PBIT / Share (Rs.) 74.3566.2458.3041.6834.54
PBT / Share (Rs.) 61.6554.771.2227.5820.02
Net Profit / Share (Rs.) 47.1941.920.2721.7415.28
NP After MI And SOA / Share (Rs.) 47.6339.612.0721.2117.70
PBDIT Margin (%) 14.1714.6712.549.048.00
PBIT Margin (%) 13.9914.3712.248.707.57
PBT Margin (%) 11.6011.880.255.754.39
Net Profit Margin (%) 8.889.090.054.533.35
NP After MI And SOA Margin (%) 8.968.590.434.423.88
Return on Networth / Equity (%) 13.7913.500.818.577.81
Return on Capital Employeed (%) 16.7816.9720.2714.1411.96
Return On Assets (%) 5.605.360.313.292.64
Long Term Debt / Equity (X) 0.080.100.030.060.09
Total Debt / Equity (X) 0.160.150.130.270.21
Asset Turnover Ratio (%) 0.660.650.650.590.51
Current Ratio (X) 1.701.681.331.371.40
Quick Ratio (X) 1.681.671.321.351.38
Inventory Turnover Ratio (X) 91.880.000.000.0083.17
Interest Coverage Ratio (X) 5.935.895.643.072.51
Interest Coverage Ratio (Post Tax) (X) 4.714.665.422.542.05
Enterprise Value (Cr.) 8429.194505.562127.951731.041479.52
EV / Net Operating Revenue (X) 2.561.580.710.580.52
EV / EBITDA (X) 18.0510.755.736.436.52
MarketCap / Net Operating Revenue (X) 2.741.660.730.580.55
Price / BV (X) 4.212.601.391.131.11
Price / Net Operating Revenue (X) 2.741.660.730.580.55
EarningsYield 0.030.050.010.070.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Va Tech Wabag Ltd. is a Public Limited Listed company incorporated on 17/02/1995 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L45205TN1995PLC030231 and registration number is 030231. Currently Company is involved in the business activities of Water collection, treatment and supply. Company's Total Operating Revenue is Rs. 2873.80 Cr. and Equity Capital is Rs. 12.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Water Supply & ManagementWabag House No. 17, 200 Feat, Chennai (Madras) Tamil Nadu 600117Contact not found
Management
NamePosition Held
Mr. Rajiv MittalChairman & Managing Director
Mr. S VaradarajanWhole Time Director
Mr. Milin MehtaIndependent Director
Mrs. Vijaya SampathIndependent Director
Mr. Amit GoelaNon Exe.Non Ind.Director
Mr. Ranjit SinghIndependent Director

FAQ

What is the intrinsic value of Va Tech Wabag Ltd and is it undervalued?

As of 14 April 2026, Va Tech Wabag Ltd's intrinsic value is ₹741.17, which is 40.03% lower than the current market price of ₹1,236.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.6 %), book value (₹373), dividend yield (0.32 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Va Tech Wabag Ltd?

Va Tech Wabag Ltd is trading at ₹1,236.00 as of 14 April 2026, with a FY2026-2027 high of ₹1,680 and low of ₹1,033. The stock is currently in the middle of its 52-week range. Market cap stands at ₹7,703 Cr..

How does Va Tech Wabag Ltd's P/E ratio compare to its industry?

Va Tech Wabag Ltd has a P/E ratio of 22.3, which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is Va Tech Wabag Ltd financially healthy?

Key indicators for Va Tech Wabag Ltd: ROCE of 19.7 % indicates efficient capital utilization. Dividend yield is 0.32 %.

Is Va Tech Wabag Ltd profitable and how is the profit trend?

Va Tech Wabag Ltd reported a net profit of ₹295 Cr in Mar 2025 on revenue of ₹3,294 Cr. Compared to ₹132 Cr in Mar 2022, the net profit shows an improving trend.

Does Va Tech Wabag Ltd pay dividends?

Va Tech Wabag Ltd has a dividend yield of 0.32 % at the current price of ₹1,236.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Va Tech Wabag Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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