VA Tech Wabag

₹865.5 -2.1 | 0.2%

WEBSITE BSE:533269 NSE : VATECH WABA 10 May, 16:01

Market Cap ₹5382 Cr.

Stock P/E 86.0

P/B 3.1

Current Price ₹865.5

Book Value ₹ 280

Face Value 2

52W High ₹1030

Dividend Yield 0%

52W Low ₹ 389.2

Edit Ratio

VA Tech Wabag Research see more...

Strong cash flows and healthy order book likely to lend support to Va Tech Wabag Ltd

Overview Inc. Year: 1995Industry: Environmental Services

VA Tech Wabag Ltd is a holding enterprise engaged in water treatment area. The Company's primary activities consist of design, supply, construction, installation and operational management of drinking water, waste water remedy, industrial water remedy and desalination plants. The Company's segments include both inside and ouside of India. Its product portfolio consists of water reclamation, municipal used water treatment, industrial effluent treatment, anaerobic sludge remedy, and industrial water reuse and recycling. The Company has 4 clusters: India, Europe, Middle East & Africa (MEA), and Latin America (LATAM). The India cluster provides end-to-end water solutions for drinking water and wastewater plants, each in the municipal and industrial sectors. The European cluster caters to small and mid-sized tasks. The MEA cluster has 2 principal regions: the Middle East and Africa. The LATAM cluster has countries, which include Brazil, Chile, Colombia, Ecuador, Mexico and Peru.

VA Tech Wabag Share Price

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VA Tech Wabag Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	684	745	892	632	750	652	927	553	665	704
Other Income	3	5	10	33	23	2	8	26	15	4
Total Income	687	751	902	665	773	654	935	579	680	708
Total Expenditure	627	669	820	601	676	560	818	487	579	606
Operating Profit	60	82	81	64	97	94	116	91	102	103
Interest	22	22	24	16	17	16	16	16	17	17
Depreciation	3	2	3	2	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	-8	-21	-17	-243	0	0	0
Profit Before Tax	35	57	55	37	57	58	-146	74	83	84
Provision for Tax	9	11	10	9	13	13	-30	14	23	21
Profit After Tax	26	46	45	28	44	45	-116	59	60	63
Adjustments	1	-2	2	2	3	2	5	-9	0	-0
Profit After Adjustments	26	44	46	30	47	47	-111	50	60	63
Adjusted Earnings Per Share	4.2	7.1	7.4	4.9	7.5	7.6	-17.9	8.1	9.7	10.1

VA Tech Wabag Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1619	2239	2435	2508	3208	3457	2781	2557	2834	2979	2960	2849
Other Income	13	13	8	44	12	6	17	35	9	33	54	53
Total Income	1632	2251	2443	2552	3219	3463	2798	2592	2844	3013	3014	2902
Total Expenditure	1465	2050	2226	2311	2912	3166	2600	2340	2617	2743	2643	2490
Operating Profit	167	201	217	241	308	297	198	252	227	269	371	412
Interest	21	25	39	46	53	58	75	109	90	88	66	66
Depreciation	11	15	11	20	19	18	17	15	12	10	9	8
Exceptional Income / Expenses	0	5	0	0	0	0	0	0	0	0	-289	-243
Profit Before Tax	135	166	167	157	179	224	110	132	130	168	17	95
Provision for Tax	46	53	57	67	67	77	20	49	29	36	6	28
Profit After Tax	90	114	110	90	112	147	89	84	101	132	11	66
Adjustments	1	-0	-0	-2	-10	-16	16	7	9	-0	2	-4
Profit After Adjustments	90	113	110	89	102	132	105	91	110	132	13	62
Adjusted Earnings Per Share	17	21.3	20.3	16.3	18.8	24.1	19.2	16.6	17.7	21.2	2.1	10

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-1%	5%	-3%	6%
Operating Profit CAGR	38%	14%	5%	8%
PAT CAGR	-92%	-49%	-40%	-19%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	106%	48%	26%	8%
ROE Average	1%	6%	7%	10%
ROCE Average	4%	10%	11%	16%

VA Tech Wabag Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	715	841	903	920	993	1129	1069	1174	1410	1539	1575
Minority's Interest	2	3	5	8	17	34	17	-2	-13	-13	-0
Borrowings	3	45	69	50	63	50	100	30	132	94	55
Other Non-Current Liabilities	101	376	219	147	182	185	75	212	238	177	122
Total Current Liabilities	1212	1569	1349	1771	2071	2295	2420	2585	2365	2169	2242
Total Liabilities	2033	2834	2545	2897	3326	3692	3679	3999	4132	3966	4052
Fixed Assets	51	119	191	175	174	172	149	86	86	80	75
Other Non-Current Assets	188	475	254	377	451	500	440	582	741	922	905
Total Current Assets	1794	2239	2099	2345	2700	3020	3090	3331	3305	2964	2989
Total Assets	2033	2834	2545	2897	3326	3692	3679	3999	4132	3966	4052

VA Tech Wabag Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	265	244	330	221	273	231	133	118	249	300	321
Cash Flow from Operating Activities	82	112	6	-217	6	-216	-76	245	135	12	85
Cash Flow from Investing Activities	-40	-97	-68	97	61	-11	11	30	-4	-34	16
Cash Flow from Financing Activities	-65	48	2	182	-100	106	49	-135	-86	45	-240
Net Cash Inflow / Outflow	-24	63	-60	61	-33	-120	-17	139	45	22	-139
Closing Cash & Cash Equivalent	244	330	240	307	231	133	118	249	300	321	207

VA Tech Wabag Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	17.01	21.31	20.28	16.28	18.77	24.06	19.2	16.63	17.7	21.21	2.07
CEPS(Rs)	18.93	24.18	22.35	20.33	24.08	30.17	19.38	18.16	18.16	22.86	3.17
DPS(Rs)	7	8	4	4	4	0	0	0	0	0	0
Book NAV/Share(Rs)	134.7	157.83	166.08	168.75	181.95	206.46	195.41	214.71	226.65	247.45	253.2
Core EBITDA Margin(%)	9.51	8.42	8.6	7.86	9.24	8.44	6.51	8.48	7.69	7.92	10.73
EBIT Margin(%)	9.66	8.55	8.47	8.09	7.22	8.16	6.65	9.44	7.78	8.6	2.79
Pre Tax Margin(%)	8.35	7.42	6.86	6.26	5.58	6.49	3.95	5.18	4.6	5.65	0.57
PAT Margin (%)	5.53	5.08	4.54	3.6	3.5	4.25	3.21	3.28	3.56	4.43	0.37
Cash Profit Margin (%)	6.21	5.75	4.98	4.42	4.09	4.77	3.81	3.88	3.98	4.77	0.67
ROA(%)	4.59	4.67	4.11	3.32	3.61	4.19	2.42	2.19	2.48	3.26	0.27
ROE(%)	13.2	14.61	12.69	9.92	11.74	13.87	8.12	7.48	7.8	8.96	0.7
ROCE(%)	19.99	21.3	19.81	16.96	17.7	19.34	11.24	14.31	12.78	13.74	4.4
Receivable days	248.25	203.56	214.95	228.26	215.06	180.88	174.16	209.85	189.23	163.87	174.6
Inventory Days	10.19	6.16	6.15	10.52	7.74	4.05	3.52	2.98	3.62	3.78	4.51
Payable days	272.49	219.29	418.66	390.32	343	386.2	530.68	609.05	467.78	335.46	299.57
PER(x)	14.69	18.53	40.48	31.94	36.04	20.61	17.27	4.98	14.16	13.22	170.46
Price/Book(x)	1.86	2.5	4.94	3.08	3.72	2.4	1.7	0.39	1.11	1.13	1.39
Dividend Yield(%)	1.4	1.01	0.49	0.77	0.59	0	0	0	0	0	0
EV/Net Sales(x)	0.69	0.84	1.78	1.14	1.17	0.87	0.81	0.25	0.54	0.59	0.72
EV/Core EBITDA(x)	6.71	9.38	19.92	11.87	12.16	10.11	11.33	2.58	6.77	6.48	5.73
Net Sales Growth(%)	12.15	38.28	8.78	3	27.89	7.77	-19.56	-8.05	10.85	5.11	-0.63
EBIT Growth(%)	14.53	22.43	7.79	-1.69	14.12	-2.29	-34.42	30.52	-8.66	19.2	-67.73
PAT Growth(%)	22.52	26.81	-2.78	-18.25	24.3	-13.24	-39.33	-5.93	20.12	38.91	-91.72
EPS Growth(%)	22.26	25.23	-4.84	-19.71	15.3	28.19	-20.22	-13.39	6.45	19.81	-90.26
Debt/Equity(x)	0.11	0.19	0.2	0.42	0.32	0.43	0.57	0.44	0.25	0.28	0.14
Current Ratio(x)	1.48	1.43	1.56	1.32	1.3	1.32	1.28	1.29	1.4	1.37	1.33
Quick Ratio(x)	1.45	1.4	1.52	1.27	1.29	1.3	1.27	1.28	1.38	1.35	1.31
Interest Cover(x)	7.39	7.59	5.26	4.43	4.4	4.89	2.46	2.22	2.44	2.92	1.26
Total Debt/Mcap(x)	0.06	0.08	0.04	0.14	0.08	0.18	0.34	1.15	0.22	0.25	0.1

VA Tech Wabag Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	21.7	21.7	21.7	19.13	19.13	19.13	19.13	19.13	19.13	19.13
FII	18.04	16.17	15.35	14.42	15.94	16.57	16.67	15.64	13.1	12.45
DII	3.62	3.62	3.28	3.25	3.45	3.25	3.55	3.53	5.85	5.63
Public	56.64	58.51	59.68	63.2	61.47	61.06	60.65	61.71	61.92	62.8
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.35	1.35	1.35	1.19	1.19	1.19	1.19	1.19	1.19	1.19
FII	1.12	1.01	0.95	0.9	0.99	1.03	1.04	0.97	0.81	0.77
DII	0.23	0.23	0.2	0.2	0.21	0.2	0.22	0.22	0.36	0.35
Public	3.52	3.64	3.71	3.93	3.82	3.8	3.77	3.84	3.85	3.91
Others	0	0	0	0	0	0	0	0	0	0
Total	6.22	6.22	6.22	6.22	6.22	6.22	6.22	6.22	6.22	6.22

Pros

Debtor days have improved from 335.46 to 299.57days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 19.13%.
Company has a low return on equity of 6% over the last 3 years.
Stock is trading at 3.1 times its book value.
The company has delivered a poor profit growth of -40% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

VA Tech Wabag News

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VA Tech Wabag

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VA Tech Wabag Research see more...

Overview Inc. Year: 1995Industry: Environmental Services

VA Tech Wabag Share Price

Alert Data

Quarterly Price

Peer Comparison

VA Tech Wabag Quarterly Results

VA Tech Wabag Profit & Loss

Growth Rates

VA Tech Wabag Balance Sheet

VA Tech Wabag Cash Flow

VA Tech Wabag Ratios

VA Tech Wabag Shareholding Pattern

VA Tech Wabag News

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