Synopsis: VA Tech Wabag won a Rs. 600 crore Georgia WWTP project, marking CIS entry, with EPC execution, 19 MLD capacity expandable to 56 MLD, using advanced treatment technologies.
This Water Management Stock, engaged in water treatment solutions, designing, supplying, installing, and operating drinking water, wastewater, industrial water treatment, desalination, and sludge plants globally, is in focus after securing a large international EPC contract worth up to Rs. 600 crore from United Water Supply Company.
With a market capitalization of Rs. 7,417.31 crore, the shares of Va Tech Wabag Limited were currently trading at Rs. 1,190.55 per equity share, down nearly 3.79 percent from its previous day’s close price of Rs. 1,237.50.
What is the News?
VA Tech Wabag has secured a major international project up to Rs. 600 crore in Georgia, marking a key step in expanding its global presence. The company, along with its consortium partners, received a large order from the United Water Supply Company of Georgia to build a 19 million litres per day (MLD) wastewater treatment plant in Kutaisi. The project is funded by the European Investment Bank and is designed to be expanded up to 56 MLD in the future.
Under the EPC scope, Wabag will handle the full process, including demolition of the old plant, construction of the new facility, and installation of pipelines. As the consortium leader, it will also take care of design, engineering, installation, commissioning, and provide operational support for 12 months.
The plant will use advanced treatment technologies such as activated sludge, nutrient removal, UV disinfection, and sludge drying systems. This project also marks Wabag’s entry into the CIS region, strengthening its position in global water management.
Order Book
As of December 2025, Va Tech Wabag Limited has a strong order book worth Rs. 16,342.4 crore, largely driven by its Engineering, Procurement, and Construction (EPC) projects, which contribute Rs. 9,661.8 crore. The company’s Operations and Maintenance (O&M) segment adds Rs. 5,417.1 crore, while framework contracts account for Rs. 1,263.6 crore, highlighting a well-diversified project mix.
The municipal sector remains the company’s largest customer base, contributing around 82 percent of the order book, while the industrial segment accounts for about 18 percent. On the geographical front, India makes up nearly 52 percent of the backlog, with the remaining 48 percent coming from international markets, reflecting a balanced domestic and global presence.
Company Overview
VA Tech Wabag Limited was established in 1924 and is based in Chennai. It is an Indian multinational company focused on water treatment and wastewater management. It provides solutions for both municipal and industrial clients, with a strong emphasis on sustainability. The company works on projects such as desalination, water recycling, and large-scale sewage treatment, mainly across emerging markets.
Recent Quarter Results
Coming into financial highlights, Va Tech Wabag Limited’s revenue has increased from Rs. 811 crore in Q3 FY25 to Rs. 961 crore in Q3 FY26, which has grown by 18.50 percent. The net profit has also grown by 30 percent from Rs. 70 crore in Q3 FY25 to Rs. 91 crore in Q3 FY26. Va Tech Wabag Limited’s revenue and net profit have grown at a CAGR of 5.2 percent and 28.56 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 19.7 percent and 14.6 percent, respectively. Va Tech Wabag Limited has an earnings per share (EPS) of Rs. 54.9, and its debt-to-equity ratio is 0.10x.
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