Prime Minister Narendra Modi has laid the foundation stone for various sanitation and cleanliness initiatives valued at over Rs.9,600 crore, encompassing the AMRUT and AMRUT 2.0 schemes, the National Mission for Clean Ganga, and the GOBARdhan Scheme.
This includes projects exceeding Rs.6,800 crore aimed at improving urban water and sewage systems under AMRUT and AMRUT 2.0, ten projects worth over Rs.1,550 crore dedicated to enhancing water quality and waste management in Ganga basin regions under the National Mission for Clean Ganga, and fifteen Compressed Biogas Plant projects valued at over Rs.1,332 crore under the GOBARdhan Scheme.
Here are 5 stocks to keep in your watchlist that focus on water treatment:
Va Tech Wabag Ltd.
With a market capitalization of Rs.9,391 crore, the share price of Va Tech Wabag Ltd closed at Rs.1,514.00 per share on Friday, rising 0.28 percent from its previous close of Rs.1,509.70 per share.
VA Tech Wabag stands out in the water treatment sector through its comprehensive service offerings and innovative technologies, emphasizing sustainability and resource recovery. Its strong global presence and commitment to research and development further enhance its leadership position in the industry.
In Q1FY25, the company reported a 13.2 percent year-on-year increase in revenue to Rs.626 crore and a 10 percent rise in net profit to Rs.55 crore.
Vishnu Prakash R Punglia Ltd
With a market capitalization of Rs.3,284 crore, the share price of Vishnu Prakash R Punglia closed at Rs.262.90 per share on Friday, falling 0.8 percent from its previous close of Rs.265.00 per share.
Vishnu Prakash R Punglia Ltd excels in water treatment through its integrated EPC model and extensive experience, focusing on sustainable water management and strong government collaborations
In Q1FY25, the company reported a 13.2 percent year-on-year increase in revenue to Rs.626 crore and a 10 percent rise in net profit to Rs.55 crore.
Felix Industries Ltd
With a market capitalization of Rs.369 crore, the share price of Felix Industries Ltd closed at Rs.280.80 per share on Friday, falling 3.31 percent from its previous close of Rs.290.40 per share.
Felix Industries distinguishes itself in the water treatment sector by offering comprehensive solutions that cover the entire water cycle, including the production, supply, and recycling of water, all while employing advanced membrane separation technologies.
In H2 FY24, the company recorded a remarkable 87.3 percent increase in revenue, reaching Rs. 22.10 crore, and a substantial 315 percent rise in net profit, totaling Rs. 4.03 crore.
Jash Engineering Ltd
With a market capitalization of Rs.2,713 crore, the share price of Jash Engineering Ltd closed at Rs.2,177.00 per share on Friday, rising 0.22 percent from its previous close of Rs.2,172.20 per share.
Jash Engineering is notable for its comprehensive range of equipment used in water treatment, including water control gates, screens, and valves, establishing a strong market position in India and exporting to over 45 countries.
In Q1FY25, the company reported a 78 percent year-on-year increase in revenue to Rs.114.55 crore and improved net profit to Rs.0.08 crore, from net loss.
EMS Ltd
With a market capitalization of Rs.4,338 crore, the share price of EMS Ltd closed at Rs.775.05 per share on Friday, rising 2.64 percent from its previous close of Rs.755.15 per share.
EMS Limited’s approach to water and wastewater treatment is distinctive, offering comprehensive turnkey services that cover all aspects from engineering and design to construction and installation, facilitating a streamlined project execution process.
In Q1FY25, the company reported a 49 percent year-on-year increase in revenue to Rs.206 crore and a 61 percent rise in net profit to Rs.37 crore.
Written by – Siddesh S Raskar
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