Va Tech Wabag Ltd

Va Tech Wabag Ltd

₹ 763 0.73%
28 Mar - close price
About

Va Tech Wabag Ltd is engaged in the business of water treatment field. Its principal activities include design, supply, installation, construction and operational management of drinking water, waste water treatment, industrial water treatment and desalination plants.[1]

Key Points

Solution Offerings
The company offers solutions for sewage water treatment, drinking water treatment, industrial water treatment, industrial waste treatment, desalination, and recycling. It has a presence across the entire value chain of water solutions which includes R&D, marketing, design & technology, engineering, procurement, construction and commissioning & operations & maintenance (O&M). [1]

  • Market Cap 4,748 Cr.
  • Current Price 763
  • High / Low 814 / 346
  • Stock P/E 15.2
  • Book Value 203
  • Dividend Yield 0.00 %
  • ROCE 22.5 %
  • ROE -60.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company's working capital requirements have reduced from 126 days to 94.8 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 4.61% over past five years.
  • Promoter holding is low: 19.1%
  • Company has a low return on equity of -16.8% over last 3 years.
  • Company has high debtors of 218 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
509 700 470 504 516 653 485 573 519 749 509 604 624
456 638 448 459 459 602 468 534 444 619 445 527 529
Operating Profit 53 62 22 45 57 51 17 39 75 130 64 77 95
OPM % 10% 9% 5% 9% 11% 8% 4% 7% 14% 17% 13% 13% 15%
5 1 11 2 3 12 33 23 -9 -241 12 13 3
Interest 20 17 17 19 19 20 15 16 15 15 14 15 14
Depreciation 1 2 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 38 44 14 26 40 42 34 45 50 -127 61 75 83
Tax % 25% 25% 25% 25% 25% 24% 25% 25% 26% 25% 22% 27% 25%
28 33 10 19 30 32 25 34 37 -95 47 54 62
EPS in Rs 4.52 5.28 1.67 3.13 4.85 5.17 4.09 5.47 5.99 -15.35 7.56 8.70 10.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,003 1,057 1,152 1,233 1,513 1,798 1,856 1,748 1,746 1,843 2,143 2,325 2,486
888 918 1,011 1,084 1,324 1,596 1,665 1,577 1,586 1,674 1,969 2,030 2,120
Operating Profit 116 139 141 150 189 202 192 171 161 169 174 295 366
OPM % 12% 13% 12% 12% 12% 11% 10% 10% 9% 9% 8% 13% 15%
13 13 12 9 15 -43 23 2 20 10 28 -229 -213
Interest 13 12 12 15 19 23 31 48 77 75 75 60 58
Depreciation 6 7 8 7 12 10 9 8 7 6 5 4 4
Profit before tax 110 133 132 136 173 126 174 117 98 98 122 2 91
Tax % 32% 32% 33% 34% 34% 41% 33% 12% 40% 25% 24% 38%
75 90 89 90 114 75 117 102 59 73 92 1 68
EPS in Rs 14.17 16.97 16.65 16.65 20.87 13.74 21.43 18.72 10.74 11.74 14.82 0.20 10.93
Dividend Payout % 21% 21% 24% 24% 19% 29% 19% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 5%
3 Years: 10%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 120%
Stock Price CAGR
10 Years: 7%
5 Years: 18%
3 Years: 47%
1 Year: 127%
Return on Equity
10 Years: 1%
5 Years: -8%
3 Years: -17%
Last Year: -60%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 5 5 5 11 11 11 11 11 11 12 12 12
Reserves 461 531 598 675 765 813 906 906 966 1,156 1,248 1,249
103 55 89 63 239 120 276 435 441 315 399 203
703 762 910 958 935 1,329 1,375 1,458 1,606 1,654 1,429 1,608
Total Liabilities 1,272 1,353 1,602 1,707 1,949 2,272 2,568 2,809 3,023 3,137 3,088 3,072
39 39 102 98 93 92 87 79 74 68 63 60
CWIP 18 32 0 1 2 0 0 0 0 0 0 0
Investments 15 15 38 60 58 44 25 25 25 34 56 95
1,201 1,266 1,462 1,547 1,796 2,136 2,455 2,705 2,924 3,035 2,969 2,918
Total Assets 1,272 1,353 1,602 1,707 1,949 2,272 2,568 2,809 3,023 3,137 3,088 3,072

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-9 112 16 31 -212 163 -185 -94 132 105 -38 218
-32 -23 -34 13 26 -19 24 -10 -34 21 -38 -50
83 -71 8 -39 144 -156 117 105 -39 -41 48 -227
Net Cash Flow 42 18 -9 4 -41 -12 -44 1 59 85 -28 -59

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 288 270 293 291 250 276 219 257 260 254 203 218
Inventory Days
Days Payable
Cash Conversion Cycle 288 270 293 291 250 276 219 257 260 254 203 218
Working Capital Days 101 95 111 127 123 96 144 171 167 154 129 95
ROCE % 25% 25% 23% 21% 22% 22% 19% 13% 13% 12% 13% 22%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
21.70% 21.70% 21.70% 21.70% 21.70% 21.70% 19.12% 19.12% 19.12% 19.12% 19.12% 19.12%
14.61% 15.91% 17.22% 18.04% 16.17% 15.35% 14.42% 15.94% 16.57% 16.67% 15.64% 13.11%
3.26% 3.78% 3.62% 3.62% 3.62% 3.27% 3.25% 3.45% 3.25% 3.54% 3.52% 5.85%
60.43% 58.61% 57.46% 56.64% 58.51% 59.68% 63.20% 61.46% 61.07% 60.65% 61.70% 61.91%
No. of Shareholders 81,54292,53295,36199,5531,08,9541,13,4111,10,8531,02,06199,44994,01498,50698,026

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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