āagman

Not investment advice. Data and computed figures, for information only.

Va Tech Wabag Ltd

NSE: WABAG
₹1,909.60
−₹34.90 (−1.79%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹12,108 Cr
CMP
₹1,909.60
52-wk High / Low
₹2,319 / 1,033
P/E
30.4
P/B
4.7
Book Value
₹412.0
Div Yield
0.26%
ROCE
21.0%
ROE
15.9%
Face Value
₹2
D/E
0.09

Price+34.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹742
√(22.5 × EPS × book value per share)
ROIC
12.8%
vs 12.1% sector median
Cash flow to profit
0.56
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−406
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.6%
ROE × earnings retention ratio
ROE stability
5.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.01FII +1.65DII +0.56
Latest quarter vs the previous one
Cash-accrual divergence
2.9%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 41.2% since FY2016 (388 to 228)
+Price trades above its 200-day moving average (1.2x)
+FII holding rose by 1.7pp over the last year
Watch-outs

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5536657049346267008111,1567348349611,414887
Expenses4975796068195476077131,0156387458401,258807
Operating Profit568698116799498141968912215680
OPM %10.1%12.9%13.9%12.4%12.6%13.4%12.1%12.2%13.1%10.7%12.7%11.0%9.0%
Other Income261649111915131143193258
Interest16171722181920221920181717
Depreciation2222211112222
Profit before tax64838310070929113187111121170118
Net Profit5060637855707010066859112890
EPS (₹)8.049.6810.1111.648.8411.3511.2916.0010.5813.6214.7220.5914.45

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,4352,5083,2083,4572,7812,5572,8342,9792,9602,8563,2943,9444,097
Expenses2,2252,2932,9693,1652,5872,3402,6162,7452,6432,4902,8723,4673,651
Operating Profit210216239292194217219234318366422478446
OPM %8.6%8.6%7.5%8.4%7.0%8.5%7.7%7.9%10.7%12.8%12.8%12.1%10.9%
Other Income781188401432−226434790152
Interest394653587510990886671797371
Depreciation112019181715121098666
Profit before tax16715717922411013213016817330384489520
Net Profit11290112147898410113211250295370394
EPS (₹)20.2816.2818.7624.0619.2016.6317.7121.212.0939.4947.4859.4663.38

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital111111111111121212121212—
Reserves8929099821,1181,0581,1641,3971,5271,5621,8062,1282,556—
Borrowings181388314482613520358436219289362228—
Other Liabilities1,4811,6102,0412,1072,0832,3282,3892,0242,2942,4672,7663,326—
Total Liabilities2,5652,9183,3483,7173,7664,0224,1573,9994,0884,5745,2676,122—
Fixed Assets19117517417214986868075726766—
CWIP120000000000—
Investments3832225820243846676972—
Other Assets2,3352,7083,1513,5403,6093,9154,0463,8823,9674,4355,1315,984—
Total Assets2,5652,9183,3483,7173,7664,0224,1573,9994,0884,5745,2676,122—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6−2176−216−762451351285134355207
Cash from Investing Activity−99122523951−394156−11146
Cash from Financing Activity2182−10010649−135−8645−2404434−185
Net Cash Flow−9186−42−106−181145117−11423327867

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %20.017.018.019.011.014.013.013.020.020.020.021.0
ROE %———————————15.9
EPS (₹)20.2816.2818.7624.0619.2016.6317.7121.212.0939.4947.4859.46
Book Value (₹)———————————412.0
Face Value (₹)———————————2
P/E———————————30.4
Div Yield %———————————0.26
NPM %4.63.63.54.23.23.23.54.40.48.68.89.2
OPM %9.09.07.08.07.08.08.08.011.013.013.012.0
D/E0.200.420.320.430.570.440.250.280.140.160.170.09
P/B———————————4.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+5.0%
5 years+7.0%
3 years+10.0%
TTM+20.0%
Compounded profit growth
10 years+15.0%
5 years+28.0%
3 years+93.0%
TTM+30.0%
Stock price CAGR
10 years+13.0%
5 years+41.0%
3 years+63.0%
Last year+36.0%
Return on equity
10 years11.0%
5 years12.0%
3 years15.0%
Last year16.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters24.73%24.73%24.69%24.68%24.68%21.70%21.70%19.12%19.12%19.12%19.09%19.08%
FIIs27.74%27.74%24.74%23.48%24.08%14.61%16.17%16.57%12.45%18.58%16.60%18.25%
DIIs22.16%22.16%20.05%8.96%5.92%3.26%3.62%3.25%5.63%3.02%5.77%6.33%
Government————————————
Public25.38%25.38%30.51%42.88%45.32%60.43%58.51%61.07%62.78%59.28%58.54%56.33%
No. of shareholders50,88750,88760,64869,29071,80481,5421,08,95499,4491,08,2301,90,5182,00,3882,05,590
Change since Jun 2023 (pp)
Promoters −5.65FIIs −9.49DIIs −15.83Public +30.95

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPT

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 5 Per Sh—
5 Aug 2025DIVIDENDDividend - Rs 4 Per Share—
1 Aug 2018DIVIDEND Annual General Meeting/Dividend-Rs 4 Per Share—
13 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 4/- Per Share—
14 Jul 2016DIVIDEND Annual General Meeting/Dividend Rs 4/- Per Share—
16 Jul 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 4/- Per Share—
26 Mar 2015BONUSBonus 1 : 1—
10 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 8/- Per Share—
11 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 7 Per Share—
12 Jul 2012DIVIDENDAnnual General Meeting/Dividend Rs 6 Per Share—
16 Aug 2011SPLITFace Value Split From Rs.5/- To Rs.2/-5 : 2
29 Jun 2011DIVIDENDAnnual General Meeting / Dividend - Rs.10/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman