Va Tech Wabag Ltd

(WABAG)

Va Tech Wabag Maintains Strong Growth Outlook - 16 Sep, 2024

Va Tech Wabag is projected to achieve 15% revenue growth with margins of 13-15% over the next 3-5 years. The company has a robust order backlog of Rs. 10,676 crore and recently secured a Rs. 2,700 crore order in Saudi Arabia. Promising order pipelines exist across various regions, and the focus on advanced projects is expected to enhance margins and cash flows.

Axis Securities Initiates Buy Rating on Va Tech Wabag - 12 Sep, 2024

Axis Securities has initiated coverage on Va Tech Wabag with a buy rating and a target price of Rs 1,700, citing strong industry growth, improved profitability, and a robust order book. The company is well-positioned in the water security market, with significant projects and strategic initiatives to enhance margins and revenue predictability.

VA Tech Wabag Faces Minor Setback After Gains - 11 Sep, 2024

VA Tech Wabag's stock fell 0.53% after a five-day rally, closing at Rs 1361.70. Despite this, the stock has gained 182.48% over the past year. Analysts remain bullish, with ICICI Securities raising its price target to Rs 1541 and Axis Securities initiating coverage with a target of Rs 1700, citing strong order inflows and improving profitability.

Va Tech Wabag Secures Major Order and Buy Recommendation - 10 Sep, 2024

Va Tech Wabag has received a significant Rs 2700 crore international order for a desalination plant in Saudi Arabia. Additionally, Axis Securities has issued a buy recommendation with a target price of Rs 1700.

Va Tech Wabag Secures Major Desalination Order - 09 Sep, 2024

Va Tech Wabag has received a significant INR 27bn order for a desalination plant, enhancing its order book to INR 79bn. Analysts remain positive, with target prices revised upwards, reflecting confidence in the company's growth and profitability.

VA Tech Wabag Secures Major Desalination Plant Order - 06 Sep, 2024

VA Tech Wabag has secured a significant ₹2,700 crore order from Saudi Water Authority for a mega desalination plant, leading to a surge in stock prices. The project, expected to be completed in 30 months, aligns with Saudi Vision 2030 and showcases the company's expertise in water solutions.

Va Tech Wabag Reports Strong Q2 Growth - 28 Aug, 2024

Va Tech Wabag reported consolidated net sales of Rs 626.50 crore for June 2024, a 13.33% increase year-on-year. Net profit rose 10% to Rs 55.00 crore, while EBITDA increased slightly to Rs 92.10 crore. The EPS also improved to Rs 8.84 from Rs 7.84 in the previous year.

VA Tech Wabag Secures Major O&M Order - 23 Aug, 2024

VA Tech Wabag Ltd. has secured a repeat order worth Rs 415 crore from Chennai Metropolitan Water Supply and Sewerage Board, aiming to increase its operation and maintenance revenue contribution from 15-16% to 20%. The order extends the maintenance of the SWRO Desalination Plant at Nemmeli for an additional seven years, enhancing the company's long-term revenue outlook.