Va Tech Wabag share price today

Va Tech Wabag Ltd's share price was ₹1,794.60 at the close on 3 November 2026. It has been rising for 24 weeks. That is 2.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,061 and ₹2,277, and at that close it sat 60% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Va Tech Wabag Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 5 weeks running.

Over the last 11 years the share price moved +245% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 1 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), profit up on a year earlier for 11 quarters in a row (every quarter we can compare) and lowest operating margin in 15 quarters.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹887 crore, +20.8% on a year earlier.

   Why: Revenue rose because the company carried out more of the projects it had already won, with Indian city water projects and the big Perur plant moving ahead.

   Next results: check whether project work stays on schedule, since management says revenue depends on executing the orders already won.

   From the earnings call on 13 Aug 2026.

2. Profit up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter profit was ₹90 crore, +36.4% on a year earlier.

   Why: Profit rose faster than sales partly because of foreign exchange gains, which the finance chief said are part of normal operating results.

   From the earnings call on 13 Aug 2026.

3. Lowest operating margin in 15 quarters

   Operating margin was 9% in the June 2026 quarter, against 13% a year earlier.

   Why: Margin fell because this year's work had more full construction contracts, which earn less than design work.

   Next results: check whether the margin gets back to management's stated range by watching project mix and scale benefits.

   From the earnings call on 13 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Va Tech Wabag reported revenue of ₹887 crore, up 20.8% from ₹734 crore a year earlier, and a profit of ₹90.0 crore, up 36.4% from ₹66.0 crore.

Va Tech Wabag results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Va Tech Wabag's management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Va Tech Wabag closed at ₹1,794.60 on 3 November 2026, up 26.9% from ₹1,414.10 a year earlier (31 October 2025) and up 424.5% over five years. Its highest weekly close since March 2016 was ₹2,276.90 on 11 September 2026.

Va Tech Wabag share price: then and now

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 3 November 2026.

3 Nov 2026: Va Tech Wabag closed at ₹1,794.60, up 4.9% on the week and down 10.5% on the month. 13 Aug 2026: Va Tech Wabag held its results call for April to June 2026. Management guided: Current-year revenue growth 15-20%.

Earlier

• 17 Jul 2026: ex-date for a dividend of ₹5 a share.
• Results for April to June 2026: Revenue up 20.8% and profit up 36.4% on a year earlier.

Va Tech Wabag paid ₹5 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.28% at the ₹1,794.60 close on 3 November 2026. The last was a dividend of ₹5 a share, ex-date 17 July 2026.

Va Tech Wabag dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Va Tech Wabag Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 8 of its last 13 reported years.

From the NSE corporate-actions record, read 4 November 2026.

On the call for April to June 2026, held on 13 August 2026, Va Tech Wabag's management guided: Current-year revenue growth 15-20%.

Skandaprasad Seetharaman, on the call for April to June 2026

What management guided

• Current-year operating margin realistically 13-14%; 15% remains an aspiration and the medium-term framework stays 13-15% pending Wabag 2.0.
• Order backlog maintained above 3x revenue.
• Working capital days held in the 100-110 range despite growth, with further reduction planned.
• O&M revenue to grow as completed projects transition into operations.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

What is changing at Va Tech Wabag, from the latest results and calls: backlog conversion, o&m mix expansion and gcc and international project platform.

• Backlog conversion. Closing backlog and latest order intake provide execution visibility, subject to project milestones and payment discipline. ⚠ estimate
• O&M mix expansion. Completed projects entering O&M can increase recurring revenue and reduce dependence on EPC phasing. ⚠ estimate
• GCC and international project platform. Kuwait, Saudi Arabia and other international projects widen the addressable market but introduce award and execution timing risk. ⚠ estimate
• Technology-led bid selectivity. Technology screening and selective bidding can protect project economics if delivered margin and collections confirm it. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 22 August 2026.

A sustained failure to convert backlog into revenue and cash, evidenced by lower order intake, operating margin at or below normalized levels, and further receivables-led cash absorption, would invalidate the thesis.

Each change stops working if

• Backlog conversion: New intake does not replenish backlog or existing international projects slip beyond planned execution schedules.
• O&M mix expansion: Commissioning is delayed or O&M transition does not raise reported revenue mix over successive quarters.
• GCC and international project platform: Preferred-bidder positions do not become signed orders or geopolitical events delay execution without recovery.
• Technology-led bid selectivity: Competitive bidding lowers project economics or provisions rise faster than revenue.

The main risks

• Receivables-led cash absorption: Cash conversion weakened in the latest fiscal year as receivables and working capital absorbed operating cash. ✓ fact
• Project milestone and award slippage: Hadda and the Saudi project descriptions show that expected project timing should not be treated as contracted revenue. ✓ fact
• Margin-engine uncertainty: Project mix and provisions explain the latest margin change, but the operating mechanism needs repeated clean quarters. ✓ fact

Our read after the April to June 2026 results, written 22 August 2026.

When Va Tech Wabag reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Current-year operating margin to remain within the stated range - check project mix, scale benefits and movement toward the upper end.

Va Tech Wabag is not on any of our India lists this week.

Va Tech Wabag Ltd earned ₹90.0 Cr of net profit in the Jun 2026 quarter, +36.4% on the same quarter a year earlier. That is the 9th quarter in a row of profit growth. Full-year FY26 profit was ₹370 Cr. Over 10 years profit has grown 15.2% a year on average. That is 10.1% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹66.0 Cr.

For the full year, FY26 profit was ₹370 Cr (+25.4% on the year before).

Why profit moved: revenue changed +20.8% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +29.0% and revenue +20.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Va Tech Wabag Ltd reported ₹887 Cr of revenue in the Jun 2026 quarter, +20.8% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 4.6% a year on average. The last full year, FY26, came in at ₹3,944 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The latest call reported a closing backlog over four times revenue and orders across execution phases. This supports revenue visibility, although specific Saudi award timing remains uncertain.

The last four reported quarters add to ₹4,096 Cr.

FY26 revenue was ₹3,944 Cr, +19.7% on the year before.

Recent pace: the last four quarters grew +20.2% on average, against 4.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +20.4%, against +18.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +28.8%, against +24.1% a year (accelerating).

Va Tech Wabag Ltd's operating margin was 9.0% in the Jun 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 13.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Management described proprietary technology, project screening and lifecycle-cost bidding as the basis for selectivity. The thesis needs evidence that this discipline converts into operating profit rather than only backlog.

Why the margin moved: operating margin changed −4.1 percentage points on the year while gross margin changed −0.5 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 76% of Va Tech Wabag Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹207 Cr of operating cash against ₹370 Cr of profit. After ₹5.0 Cr of spending on assets, ₹202 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 76% of profit came in as cash: the cash cycle got 60 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 60 days longer. The next section looks at where the cash is stuck.

Va Tech Wabag Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 234 days in FY26, up from 174 days in FY21. It spent ₹11.0 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Management reported O&M at 18% of revenue and described Ghaziabad and Bhagalpur moving into O&M. The mix shift becomes material only when it persists in reported revenue.

At FY26 sales of ₹3,944 Cr, each day of that cycle ties up about ₹10.8 Cr, so roughly ₹2,528 Cr is tied up in the business at any time.

Spending on assets: ₹11.0 Cr over the last 3 years, against ₹20.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Va Tech Wabag Ltd's P/E is 28.1×, in the middle of its own history: higher than 69% of past readings. Its usual P/E (the middle reading) is 17.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.