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Earnings · Water Management · Mid cap

Wabag FY26 PAT up 26%, order book at ₹172 bn

Annual results in line with guidance; dividend of ₹5 per share recommended. Routine filing, no surprises.

8 earlier stories on VA Tech Wabag Ltd.
Mkt cap₹13,162 cr
P/E35.52×
ROE13.80%
Debt / eq.0.17
Div yld0.24%
26% YoY PAT growth to ₹3,705 million

What's new

  • Consolidated total income rose 21% YoY to ₹40,385 million
  • Order book stands at ₹172 billion, providing revenue visibility
  • Net cash positive for sixth consecutive year; credit rating reaffirmed

Why this matters

The numbers were in line with prior guidance, so this is a routine confirmation rather than a market-moving event. The order book and cash position are healthy, but the filing adds no new surprises.

What we're watching

  • Execution on the ₹172 bn order book over FY27
  • Any updates on new order wins or geographies

The full read

Wabag's FY26 annual results are a routine confirmation of guided numbers. PAT grew 26% to ₹3,705 million on a 21% revenue rise, the order book remains robust at ₹172 billion, and the company extended its net cash positive streak to six years. The board recommended a ₹5 dividend. The market had already priced in these numbers; no new strategic or operational surprises emerged. The real test will be how the order backlog converts to revenue in FY27.

Mentioned: ₹172 bn order book · ₹5 per share dividend · IND AA-/Stable rating
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

VA Tech Wabag Ltd.

Water Management
₹12,793 cr
P/E 34.53×

Latest quarter · Mar 2026

Sales₹1,414 cr
Net profit₹129 cr
Op. margin+11.1%
EPS₹20.53

Strength & growth

Debt / equity0.17×
Current ratio1.70×
Sales CAGR+4.6%
EPS CAGR+12.3%
Financials via Tijori — a research aid, not investment advice.WABAG on Tijori

Story so far

All notes on WABAG →
  1. 21 May 2026 · 5:24 PM IST Wabag FY26 PAT up 26%, order book at ₹172 bn
  2. 11d ago WABAG lands $30-75m Vienna drinking water plant
  3. 23d ago WABAG lands >$150M desalination plant in Kuwait, first Gulf entry
  4. 33d ago Wabag wins first UAE contract with $30-75m Ajman sewage deal
  5. 47d ago Wabag sees ₹17,200 cr backlog, plans to double maintenance revenue share