Va Tech Wabag Ltd

About [ edit ]

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

  • Market Cap 1,775 Cr.
  • Current Price 285
  • High / Low 305 / 73.0
  • Stock P/E 18.9
  • Book Value 213
  • Dividend Yield 0.00 %
  • ROCE 13.2 %
  • ROE 7.30 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 0.98% over past five years.
  • Promoter holding is low: 21.70%
  • Company has a low return on equity of 9.71% for last 3 years.
  • Contingent liabilities of Rs.622.50 Cr.
  • Dividend payout has been low at 12.49% of profits over last 3 years
  • Company has high debtors of 226.86 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,037 688 752 662 679 457 636 679 785 431 608 796
943 647 689 613 638 419 575 612 734 402 565 726
Operating Profit 95 41 63 49 41 38 61 67 51 29 43 70
OPM % 9% 6% 8% 7% 6% 8% 10% 10% 6% 7% 7% 9%
Other Income 4 2 2 1 3 2 6 6 26 3 2 6
Interest 16 15 18 19 24 27 26 28 27 21 24 23
Depreciation 5 4 4 4 4 4 4 4 4 3 4 3
Profit before tax 78 24 43 27 16 9 37 41 45 7 18 50
Tax % 19% 42% 33% 55% -118% 93% 35% 32% 31% 31% 24% 24%
Net Profit 60 13 36 15 41 3 27 31 30 5 17 42
EPS in Rs 10.91 2.38 6.55 2.82 7.45 0.48 4.95 5.63 5.57 0.93 2.68 6.72
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,133 1,224 1,242 1,444 1,619 2,239 2,435 2,508 3,208 3,457 2,781 2,557 2,620
1,073 1,115 1,121 1,313 1,465 2,045 2,225 2,293 2,969 3,165 2,587 2,340 2,427
Operating Profit 60 108 121 130 154 194 210 216 239 292 194 217 193
OPM % 5% 9% 10% 9% 10% 9% 9% 9% 7% 8% 7% 8% 7%
Other Income 22 10 -6 15 13 13 7 8 11 8 8 40 37
Interest 35 30 21 25 21 25 39 46 53 58 75 109 95
Depreciation 8 14 10 9 11 15 11 20 19 18 17 15 13
Profit before tax 38 74 83 111 135 166 167 157 179 224 110 132 121
Tax % 11% 41% 38% 34% 34% 32% 34% 43% 37% 34% 19% 37%
Net Profit 35 46 53 74 90 113 110 89 102 132 105 91 94
EPS in Rs 9.96 13.92 17.01 21.31 20.28 16.28 18.76 24.06 19.20 16.63 15.90
Dividend Payout % 0% 0% 20% 22% 21% 19% 20% 25% 21% 17% 21% 0%
Compounded Sales Growth
10 Years:8%
5 Years:1%
3 Years:-7%
TTM:7%
Compounded Profit Growth
10 Years:6%
5 Years:-6%
3 Years:-7%
TTM:-7%
Stock Price CAGR
10 Years:1%
5 Years:-9%
3 Years:-20%
1 Year:52%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:10%
Last Year:7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4 5 5 5 5 5 11 11 11 11 11 11 12
Reserves 367 397 566 637 710 836 892 909 982 1,118 1,058 1,164 1,310
Borrowings 46 39 43 125 82 158 181 388 314 482 613 520 392
737 654 789 1,007 1,093 1,433 1,481 1,610 2,041 2,107 2,083 2,328 2,291
Total Liabilities 1,154 1,095 1,403 1,774 1,890 2,432 2,565 2,918 3,348 3,717 3,766 4,022 4,005
46 40 48 51 51 119 191 175 174 172 149 86 90
CWIP 0 6 8 18 48 69 1 2 0 0 0 0 0
Investments 15 13 44 4 3 23 38 32 22 5 8 20 22
1,094 1,036 1,303 1,702 1,788 2,221 2,335 2,708 3,151 3,540 3,609 3,915 3,893
Total Assets 1,154 1,095 1,403 1,774 1,890 2,432 2,565 2,918 3,348 3,717 3,766 4,022 4,005

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-58 -70 27 -79 82 112 6 -217 6 -216 -76 245
26 35 -98 71 -38 -74 -99 122 52 3 9 5
-9 -5 122 60 -65 48 2 182 -100 106 49 -135
Net Cash Flow -41 -41 51 52 -21 86 -91 86 -42 -106 -18 114

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 19% 24% 22% 20% 20% 21% 20% 17% 18% 19% 11% 13%
Debtor Days 185 189 207 276 250 226 222 241 242 138 177 227
Inventory Turnover 0.00 0.04 -0.76 0.43 0.26 0.30 -0.30 -0.64 0.90 0.11 0.24 -0.37

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
24.69 24.69 24.69 24.68 24.68 24.68 24.68 24.68 24.68 24.68 21.70 21.70
24.74 21.35 20.85 20.55 23.48 25.10 25.41 24.60 24.08 22.29 13.16 14.52
20.05 20.13 12.84 9.07 8.96 8.93 8.06 7.26 5.92 5.78 4.23 3.71
30.51 33.83 41.63 45.70 42.88 41.29 41.85 43.46 45.32 47.25 60.91 60.06

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