Synopsis:
VA Tech Wabag Limited has secured an overseas repeat order worth Rs.118 crore from the Ministry of Works, Municipalities Affairs and Urban Planning (‘MoW’) in the Kingdom of Bahrain for providing operation and maintenance of the 40 MLD Sewage Treatment Plant (STP) and more.
The shares of water and waste management are engaged in the business of designing, constructing, supplying, installing, and operating drinking water systems, wastewater treatment facilities, industrial water treatment units, and desalination plants are in focus upon receiving a repeat order worth Rs.118 crores.
With a market capitalization of Rs. 10,000 crores, the shares of VA Tech Wabag Limited closed at Rs.1607.35, down by 0.23 percent from the previous day’s closing price of Rs.1611.10.
Work Order
A repeat order worth Rs.118 crores has been awarded to VA Tech Wabag Limited from the Ministry of Works, Municipalities Affairs and Urban Planning (‘MoW’) in the Kingdom of Bahrain for operating and maintaining 40 MLD Madinat Salman Sewage Treatment Plant and Long Sea Outfall in Bahrain, with the contract spanning five years.
In October 2015, it received the EPC contract for the 40 MLD STP and Long Sea Outfall from the Ministry of Housing, Kingdom of Bahrain. The project was completed in 2018, after which WABAG has been responsible for operating and maintaining the plant from November 1, 2018, to the present. As of June 2025, renowned investor Rekha Jhunjhunwala owns an 8.04% stake in Va Tech Wabag Limited, equivalent to 50 lakh equity shares.
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About the Company
VA Tech Wabag Limited is a global player in the water technology sector, delivering eco-friendly and advanced solutions for both municipal and industrial applications. It provides complete, customized water management services to clients across the world.
The company works with the expertise of more than 1,600 professionals and has an active presence in over 25 countries.The company serves prominent clients like MRPL, Petronas, CPCL, Indian Oil, etc.
In Q1FY26, the company has fresh orders of ~Rs.2,600 crores. Breaking up the segments, 97 percent comes from EPC projects and 3 percent from O&M. Municipal projects made up almost the entire share (99%), while industrial orders are 1 percent.
Around 83% of the new orders were secured from international markets, mainly from a desalination project in Saudi Arabia worth Rs. 2037 crore; the rest, about 17%, comes from India, which includes Rs. 380 crore project from BWSSB, Bengaluru.
In Q1FY26, Revenue from operations increased to Rs.734 crore from Rs.626 crore in the same quarter last year, fell from Rs.1156 crore to Rs.734 crore QoQ. In Q1FY26, Net profit rose to Rs.66 crore from Rs.55 crore in the same quarter last year,fell from Rs.99 crore to Rs.66 ROE was reported at 14.6 percent and ROCE at 19.7 percent. The stock is trading at a P/E of 32.55, higher than the industry average of 26.64, indicating possible overvaluation against its peers.
Written by Jhanavi Sivakumar
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