The global water solutions provider showcased strong financial growth, driven by rising demand, efficient execution, and expanding international projects. With a robust order pipeline, balanced geographic presence, and sustainable, asset-light model, it remains well-positioned for long-term expansion and profitability in the water infrastructure sector.
The water supply and management sector in India is rapidly growing, driven by urgent water scarcity and government initiatives. The water and wastewater market was valued at Rs 192.44 billion in 2024 and is expected to reach Rs 353.50 billion by 2030, growing at a CAGR of 10.72%. Over 15.7 crore rural homes now have safe tap water under the Jal Jeevan Mission.
With a market capitalization of Rs 8,676.75 crore, the shares of VA Tech Wabag Ltd were trading at Rs 1,393.00 per share, decreasing around 1.26 percent as compared to the previous closing price of Rs 1,410.80 apiece.
Future Outlook
VA Tech Wabag Ltd medium-term outlook projects strong growth, targeting a 15–20% revenue CAGR with an order book three times annual revenue. It aims for 13–15% EBITDA margins, over 20% RoCE and 15% RoE supported by an asset-light model, 20% O&M contribution, and maintaining a net cash-positive position.
Further, the company is now bidding for new EPC projects in the Middle East and Africa, where it holds preferred bidder status for orders worth around Rs 3,000 crore, expected to be secured within the current financial year.
Financial & Operational Highlights
The company reported a strong Q2FY26 performance with revenue rising 19% year-on-year to Rs 834 crore and net profit up 21% to Rs 85 crore. The growth reflects robust demand, improved operational efficiency, and effective cost management, highlighting the company’s steady financial momentum and sustained profitability.
In H1FY26, the company generated total revenue of Rs 1,548.9 crore, with EPC contributing 81% and O&M 19%. The municipal segment dominated with Rs 1,195.3 crore, accounting for 77% of revenue, while the industrial segment added Rs 353.6 crore, or 23%, reflecting strong public infrastructure demand and steady private sector engagement.
Geographically, revenue distribution was balanced, with India contributing Rs 820.9 crore (53%) and overseas markets Rs 728.0 crore (47%). This near-equal split highlights the company’s strong global presence alongside robust domestic operations, supported by large-scale water infrastructure projects and expanding international contracts, driving sustained growth and diversification.
The company serves a diverse clientele across municipal and industrial sectors, including global names like Reliance, GAIL, IndianOil, and NMDC, alongside government water boards. Supported by leading funding agencies such as the World Bank, KfW, and Exim Bank, it operates in water, oil and gas, power, and industrial infrastructure segments worldwide.
The company ranks among the world’s top three private water operators and desalination plant suppliers, serving over 96 million people across 25 countries. With an order book of Rs 16,000 crore, 1,500+ plants executed with global R&D centers, and 125+ in-house innovations, it follows an asset-light model focused on sustainable water management and circular economy solutions.
VA Tech Wabag Ltd is a leading global water technology company headquartered in Chennai, specializing in water treatment, wastewater management, and desalination solutions. With operations across 25+ countries, it provides sustainable, innovative, and large-scale infrastructure services, helping industries and municipalities ensure efficient water use and environmental sustainability.
Written by Abhishek Singh
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