VA Tech Wabag logo

VA Tech Wabag share price

NSE: WABAGBSE: 533269Other UtilitiesSmall Cap

VA Tech Wabag Limited · Face value ₹2 · Listed Oct 2010
Last close ₹1,807.70down ₹28.60 (1.56%)BSE ₹1,804.20

Share price at the NSE close on 28 Oct 2026. Previous close ₹1,836.30.

28 Oct: open ₹1,822.00, high ₹1,834.00, low ₹1,800.30

52-week range of traded prices to 28 Oct 2026
₹1,033.00Low, 27 Jan 2026₹2,319.00High, 11 Sep 2026
Market cap
₹11,297 Cr601st largest listed
P/E
Earlier quarters restated in the year
P/B
4.40
Dividend yield
0.28%
ROCE
15.7%
Debt to equity
0.09
Volume, NSE
2,57,14246.8% delivered

VA Tech Wabag share price chart

Daily closes since Oct 2010, adjusted for splits and bonuses

+28.8%over a year · Nifty Microcap 250 +2.3% · Nifty 500 −8.8%

ResultsDividend20-session average 4,41,571 shares a day, 43.4% delivered

About VA Tech Wabag

VA Tech Wabag Limited (WABAG) is a Chennai-based water technology company that designs, builds and runs plants for drinking water, wastewater, desalination (turning seawater into fresh water), water recycling, industrial effluent and ultra-pure water.12 It works across the whole chain, from design and engineering to construction and long-term operation, for governments, utilities and industries in India and international markets.12

It earns revenue from 2 kinds of contract: building water treatment plants and operating and maintaining them.3 It runs research and development centres in Europe and India and holds more than 125 intellectual property rights.1 It is present in more than 25 countries and has delivered more than 1,500 plants over the last 3 decades.4 VA Tech Wabag GmbH in Austria is its material subsidiary, one whose size within the group brings extra oversight under listing rules.5

The WABAG business was formed in Germany in 1924; the Indian company was incorporated in 1995.67 Its Indian management bought out the Indian business in 2005 with backing from ICICI Venture, took over the WABAG Austria group from Siemens in 2007 and listed the company on the NSE and BSE in 2010.8 Its promoters are Rajiv Mittal, chairman and managing director, and S. Varadarajan, whole-time director and chief growth officer; the promoters held 19.08% of the shares at the end of June 2026.910

VA Tech Wabag key points

Results

  • In the quarter to Jun 2026, consolidated revenue from operations rose 21% to ₹8,868 million, EBITDA (earnings before interest, tax, depreciation and amortisation) rose 22% to ₹1,163 million and profit after tax rose 37% to ₹901 million.11
  • In the year to Mar 2026, revenue rose 19.7% to ₹3,944 crore, with EBITDA of ₹524 crore and profit after tax of ₹371 crore.1213
  • At the end of June 2026, net cash (cash less borrowings) was ₹9,649 million excluding its hybrid annuity projects (public projects paid for partly in instalments after completion), the 14th consecutive quarter with more cash than debt.14

Market position

  • In 2024 industry rankings, WABAG was 3rd among desalination plant suppliers worldwide and 3rd among the world's top 50 private water operators.15

Revenue mix

  • Revenue as the company breaks it down, quarter to Jun 20261611
    Itemquarter to Jun 2026
    By type of work: building plants (engineering, procurement and construction)₹7,256 million
    By type of work: operation and maintenance₹1,593 million
    By customer: municipal₹6,632 million
    By customer: industrial₹2,217 million
    Total of each breakdown₹8,849 million
    The breakdowns total ₹8,849 million, against consolidated revenue from operations of ₹8,868 million.

Where revenue comes from

  • Revenue by region as the company breaks it down, quarter to Jun 202616
    Itemquarter to Jun 2026
    India₹4,209 million
    Overseas₹4,640 million
    Total of this breakdown₹8,849 million
  • The company said at its annual general meeting of 12 Aug 2026 that reduced funding had delayed new Middle East projects by about 6 to 8 months; existing projects there were paid on time, though shipping costs and transit times had risen.1718

Order book

  • The order book (orders won but not yet carried out) reached a record of about ₹194 billion at the end of June 2026, excluding framework contracts (agreements with no fixed order value), after ₹34 billion of new orders in the quarter.19
  • Order book at the end of June 202620
    Itemquarter to Jun 2026
    By type of work: building plants₹127,280 million
    By type of work: operation and maintenance₹66,662 million
    By customer: municipal₹170,803 million
    By customer: industrial₹23,139 million
    By region: India₹99,786 million
    By region: overseas₹94,156 million
  • Projects in the order book include a 300 MLD (million litres a day) desalination plant for the Saudi Water Authority at Yanbu, its largest desalination order in the Middle East, and the 400 MLD Perur desalination plant in Chennai.2122

Customers and partners

  • Reliance Industries, a client for nearly 3 decades, has placed repeat orders for water treatment systems at its Dahej and Nagothane sites.23
  • Industrial contracts the company reported in its annual report for the year to Mar 2026 include GAIL at its Pata petrochemical complex, Indian Oil at Panipat, Chennai Petroleum and RenewSys, for a solar cell plant.2425
  • The company's presentation for the quarter to Jun 2026 lists orders from Bengaluru's water board for 100 MLD and 60 MLD sewage plants and a 25 MLD tertiary plant, and the Delhi Jal Board for a 17 MGD (million gallons a day) plant at Mitraon.2627

What the company expects

  • In its presentation of 12 Aug 2026, the company said it expects, over 3 to 5 years, revenue growth of 15% to 20% a year, an EBITDA margin of 13% to 15% and operation and maintenance at 20% of revenue.14
  • In its presentation of 12 Aug 2026, the company said it also aims for an order book of 3 times revenue, return on capital employed (operating profit over capital used) above 20%, return on equity (profit over shareholders' money) above 15%, and net cash.14
  • The company said at its annual general meeting of 12 Aug 2026 that it intends to install more than 100 compressed biogas plants in the next few years. Its first, at Ghaziabad's 70 MLD Dundaheda sewage plant, began in the year to Mar 2026.2829

Recent events

  • On 27 Oct 2026, Reliance Industries awarded the company an order it classes as Mega, above ₹1,000 crore, for a seawater desalination plant expandable to 302 MLD and a remineralisation plant at Jamnagar, to be delivered in phases over 25 months.3031
  • On 25 Aug 2026, the company signed the contract for the 272 MLD Doha seawater desalination plant in Kuwait, its first project there, to be built over 36 months and then operated for 5 years.32
  • On 1 Jul 2026, the City of Vienna awarded the company the expansion of the Donauinsel drinking water works, of about 86 MLD, due for completion and commissioning in 2030.33
  • On 9 Jun 2026, a consortium led by the company won a contract to design and build a 60 MLD sewage treatment plant in Ajman over 24 months, its entry into the UAE.34

Results

Standalone, as consolidated accounts are on record for only 9 of the last ten years; ₹ crore.VA Tech Wabag quarterly results

Revenue growth, 12 months
+20.4%
Net profit growth, 12 months
–

Quarter to Jun 2026, against the quarter before

Revenue
₹739 Crdown 36.64%
Net profit
₹79 Crdown 35.32%
Net margin
10.7%

Revenue by quarter

₹613 CrSep 24₹676 CrDec 24₹1,039 CrMar 25₹640 CrJun 25₹690 CrSep 25₹787 CrDec 25₹1,167 CrMar 26₹739 CrJun 26
Peak revenue ₹1,167 Cr, quarter to Mar 2026; lowest ₹613 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹58 CrSep 24₹64 CrDec 24₹99 CrMar 25₹61 CrJun 25₹70 CrSep 25₹81 CrDec 25₹123 CrMar 26₹79 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue6136761,0396406907871,167739
Net profit58649961708112379
Net margin9.4%9.5%9.5%9.5%10.2%10.2%10.5%10.7%
Standalone. The last eight quarters. The latest is shaded.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Rest of the World₹2,091 Crup 34.71%52.9%
  • India₹1,864 Crup 3.50%47.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history. Not shown, P/E: a results filing in the last twelve months restated the quarters before it inside its year to date, so the four quarters as the company reported them do not add to a twelve-month profit; the ratio returns once the trailing year no longer holds a quarter from before the restatement.VA Tech Wabag PE ratio and valuation

Price to book

At or below today's level on 85% of 1,957 trading days since Nov 2018.

LowestHighest
Its median1.53Industry median2.17
Dividend yield

At or below today's level on 67% of 2,465 trading days over the last 10 years.

LowestHighest
Its median0.00%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−20.0%+22.9%−35.3%0.4%
3 years+49.0%+539.9%−76.8%0.2%
5 years+35.9%+35.4%+0.2%0.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.VA Tech Wabag shareholding pattern

Shareholding by group

  • Promoters19.03%
  • Foreign institutions18.75%
  • Indian institutions5.87%
  • Individuals and others56.35%
Holder
RAJIV MITTALPromoter15.54%
REKHA JHUNJHUNWALAResident individuals, over ₹2 lakh at face value8.00%
VARADARAJAN SPromoter3.50%
FEDERATED HERMES INVESTMENT FUNDS PLC ON BEHALF OF FEDERATED HERMES GLOBAL EMERGING MARKETS EQUITY FUNDForeign portfolio investors, category I1.80%
ISHARES II PUBLIC LIMITED COMPANY - ISHARES GLOBAL WATER UCITS ETFForeign portfolio investors, category I1.09%
THE PRUDENTIAL ASSURANCE COMPANY LIMITEDForeign portfolio investors, category I1.06%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.05 pts, foreign institutions +0.49 pts, Indian institutions −0.46 pts, mutual funds −0.75 pts.

Mutual fund holdings

22 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 7 of the 10 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 22 funds holding VA Tech Wabag

Added
2
Cut
8
Held unchanged
12
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.VA Tech Wabag insider trading

Bought on the market Sold on the market
  • Others0 purchases, 6 salesNo purchase₹1.10 CrNet−₹1.10 Cr5 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

VA Tech Wabag competitors and peers

Water Supply & Management, 9 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to VA Tech Wabag in market cap.Utilities companies

VA Tech Wabag is not on the chart: it has no P/E or return on equity today

Return on equity across, P/E up, size is market cap
Company
ION Exchange (India) logoION Exchange (India)IONEXCHANG5,03151.293.76+10.1%−53.6%7.7%6.0%0.36%
Enviro Infra Engineers logoEnviro Infra EngineersEIEL2,89616.012.35+15.5%−3.4%16.2%15.5%0.00%
Technocraft VenturesTECHNOCRAF1,914––––––0.00%
JITF Infralogistics logoJITF InfralogisticsJITFINFRA675––+24.3%−234.4%–13.3%0.00%
Denta Water and Infra Solutions logoDenta Water and Infra SolutionsDENTA61811.551.35––12.3%13.7%1.08%
Apex Ecotech logoApex EcotechAPEXECO34720.365.48+109.5%+98.9%31.1%–0.00%
Felix Industries logoFelix IndustriesFELIX30115.401.98––16.2%–0.00%
Sattva Engineering Construction logoSattva Engineering ConstructionSATTVAENGG876.640.99––14.9%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.VA Tech Wabag dividend history

Dividend per share, ₹, restated for later splits and bonuses

4Mar 174Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 244Mar 255Mar 26
Highest ₹5.00 a share, year to Mar 2026.
Ex-dateTypePer share
17 Jul 2026Final₹5.00
5 Aug 2025Final₹4.00
1 Aug 2018Final₹4.00
13 Jul 2017Final₹4.00
14 Jul 2016Final₹4.00
16 Jul 2015Final₹4.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.VA Tech Wabag announcements

VA Tech Wabag share price by year

Each calendar year to 2025.VA Tech Wabag share price history

YearClose at year endChangeHighest closeLowest close
20251,303.30−20.7%1,677.601,213.60
20241,643.10+161.7%1,905.90603.30
2023627.80+91.6%659.90306.65
2022327.65+5.9%368.95225.75
2021309.50+50.0%393.60186.25
2020206.40+13.1%227.3575.40
2019182.50−29.6%357.05161.70
2018259.20−57.6%638.10248.20
2017610.65+30.2%732.30476.00
2016468.85−31.8%691.35421.50
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20261,774.101,862.301,732.301,836.301,819.2510,63,46229.1%
26 Oct 20261,704.001,730.001,665.001,707.401,703.731,92,41740.5%
23 Oct 20261,771.001,782.701,683.001,710.401,710.024,27,67349.4%
22 Oct 20261,784.401,803.101,731.201,772.201,769.103,54,63440.4%
21 Oct 20261,874.201,880.001,772.601,784.401,799.098,49,00554.1%
19 Oct 20261,897.701,933.601,860.001,873.201,891.762,13,64538.6%
16 Oct 20261,913.001,933.701,870.701,884.801,898.353,24,90456.7%
15 Oct 20261,941.001,947.301,902.001,909.601,917.432,28,32650.2%
14 Oct 20261,965.001,979.001,928.001,944.501,943.622,35,76445.8%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
26 Mar 2015Bonus0.5000Holders received 1 bonus share for every 1 held.
16 Aug 2011Split0.4000Every 2 shares became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
Rajiv Mittal
At the end of the quarter to Jun 2026
NSE symbol
WABAG
BSE code
533269
ISIN
INE956G01038
Industry
Other Utilities
Former symbols
VATECH
CIN
L45205TN1995PLC030231
Corporate identity number, the registrar of companies' code for it
Incorporated
1995
Registered office
Wabag House, No. 17, 200 Feet Thoraipakkam-Pallavaram Main Road, Sunnambu Kolathur, Chennai 600117, Tamil Nadu
Share registrar
Cameo Corporate Services Ltd
Keeps the register of shareholders and handles transfers and dividend payments