India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#429- Valuation
- ₹11,610 Cr
Market Cap
₹11,155 Cr
WABAG · NSE
Share Price
₹1,772.20
-0.68% today
Revenue
₹3,944 Cr
FY 2025-26 · +19.7% YoY
EBITDA
₹473 Cr
Margin 12.0%
Net Profit
₹374 Cr
FY 2025-26 · +31.2% YoY
P/E (TTM)
29.4x
P/B 4.6x
ROE
15.7%
ROCE 18.3%
Debt / Equity
0.13
Interest cover 15.6x
About Va Tech Wabag Limited
Data last updated:
Va Tech Wabag Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the water treatment segment of the environmental services sector. It was incorporated on 17 February 1995 and has been in existence for over 31 years.
Its director Rajiv Mittal is #1,174 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L45205TN1995PLC030231. Its GSTIN is 33AABCV0225G1ZW (Tamil Nadu). The company holds 23 GST registrations, of which 20 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 533269 and NSE: WABAG.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.48 Cr. It was formerly known as Balcke-Durr and Wabag Technologies Limited and Balcke-Durr Cooling Towers Limited. It is led by directors including Rajiv Mittal (Managing Director) and Subramanian Varadarajan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Wabaghouse No.17 200 Feetthoraipakkam – Pallavarammainroad Sunnambukolathur, Chennai, Tamil Nadu, India – 600117.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,944.2 Cr, a growth of 19.7% compared to the previous year. For the same year it recorded a net profit of ₹374.08 Cr (net margin 9.5%) and EBITDA of ₹472.7 Cr (EBITDA margin 12%). The net worth stands at ₹2,568.5 Cr (up 20% YoY). Total assets are valued at ₹3,213.2 Cr (up 9.7% YoY).
The company has about 925 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Wabag. As per MCA filings, the company has open charges of ₹5,645.3 Cr and satisfied charges of ₹5,369.12 Cr on record. Court records list 318 cases involving the company, including 170 filed by the company and 148 filed against it; 68 cases are pending. The company has 48 deals on record (27 market trades, 12 secondary share transfers, 8 funding rounds), with disclosed funding of ₹260.05 Cr; the latest was in April 2026. Its 3 peer companies in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply) are compared by revenue, 3 smaller; the largest is Jwil Infra Limited with revenue of ₹1,900 Cr. The company has 36 MSME Form 1 returns on record between 2013 and 2024, listing 3,657 overdue payments to 275 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wabag.com.
Company details
CIN L45205TN1995PLC030231
Registration Number 030231
Incorporation Date 17 February 1995
ROC Chennai
Listing Status Listed - Listed on NSE (WABAG); Listed on BSE (533269)
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Va Tech Wabag has undergone 2 name changes throughout its history. The company was previously known as Balcke-Durr And Wabag Technologies Limited, and Balcke-Durr Cooling Towers Limited. The current legal name is Va Tech Wabag Limited.
| Company Name | Status |
|---|---|
| Va Tech Wabag Limited | Current |
| Balcke-Durr And Wabag Technologies Limited | Previous |
| Balcke-Durr Cooling Towers Limited | Previous |
CIN history
Va Tech Wabag has one previous CIN (Corporate Identification Number): U45205TN1995PLC030231. The current CIN is L45205TN1995PLC030231, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45205TN1995PLC030231 | Current |
| U45205TN1995PLC030231 | Previous |
Key People
Rajiv Mittal Managing Director Subramanian Varadarajan Whole-Time Director Amit Goela Director Recognitions & Rankings of Va Tech Wabag
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,174 Rajiv Mittal ₹2,100 Cr
Contact details
Va Tech Wabag Limited's registered office is in Chennai, Tamil Nadu. Its website is wabag.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWabaghouse No.17 200 Feetthoraipakkam – Pallavarammainroad Sunnambukolathur, Chennai, Tamil Nadu, India – 600117
- IndustryEnvironment, Water Treatment
To see the full contact details of Va Tech Wabag Limited, buy the company report.
Comprehensive company report
Va Tech Wabag Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Va Tech Wabag is water supply, sewerage and waste management. In detail, this covers water collection, treatment and supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E1 | Water collection, treatment and supply |
To see the full business activity and turnover split of Va Tech Wabag Limited, buy the company report.
Financials of Va Tech Wabag Limited
FY 2025-26 filings availableVa Tech Wabag Limited reported revenue of ₹3,944.2 Cr (up 19.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹3,944 Cr
+19.7% YoY
EBITDA
₹473 Cr
+11.9% YoY
Profit After Tax
₹374 Cr
+31.2% YoY
Net Worth
₹2,568 Cr
+20.0% YoY
Total Assets
₹3,213 Cr
+9.7% YoY
Total Debt
₹228 Cr
-36.9% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,944 | 3,294 | 2,856 | 2,960 | 2,979 | 2,834 | 2,557 |
| Revenue growth | +19.7% | +15.3% | -3.5% | -0.6% | +5.1% | +10.9% | - |
| EBITDA | 473 | 422 | 366 | 28.60 | 234 | 219 | 217 |
| EBITDA margin | +12.0% | +12.8% | +12.8% | +1.0% | +7.9% | +7.7% | +8.5% |
| Profit before tax | 489 | 384 | 330 | 16.90 | 168 | 130 | 132 |
| Net profit | 374 | 285 | 234 | 51.65 | 126 | 110 | 91.10 |
| Net profit margin | +9.5% | +8.7% | +8.2% | +1.7% | +4.2% | +3.9% | +3.6% |
| EPS (₹) | 59.28 | 47.63 | 39.61 | 2.10 | 21.21 | 17.70 | 16.63 |
| Balance sheet | |||||||
| Total assets | 3,213 | 2,930 | 2,515 | 1,948 | 2,167 | 2,012 | 1,927 |
| Net worth | 2,568 | 2,140 | 1,819 | 1,575 | 1,539 | 1,410 | 1,174 |
| Total debt | 228 | 362 | 289 | 219 | 436 | 358 | 520 |
| Cash & bank | 1,059 | 945 | 510 | 275 | 429 | 371 | 321 |
| Net working capital | 2,179 | 1,943 | 1,566 | 932 | 1,132 | 1,160 | 1,236 |
| Cash flow | |||||||
| Cash from operations | 207 | 355 | 134 | 84.90 | 11.64 | 135 | 245 |
| Cash from investing | 45.60 | (111) | 56.20 | 40.70 | (39.05) | 1.36 | 5.03 |
| Cash from financing | (185) | 34.00 | 43.60 | (240) | 44.64 | (85.89) | (135) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 887 | 1,414 | 961 | 834 | 734 | 1,156 | 811 | 700 |
| Revenue growth (YoY) | +20.8% | +22.3% | +18.5% | +19.2% | +17.2% | - | - | - |
| Other income | 57.50 | 31.90 | 24.00 | 42.80 | 11.30 | 13.20 | 14.80 | 19.10 |
| EBITDA | 79.50 | 156 | 117 | 89.30 | 95.60 | 141 | 97.70 | 93.60 |
| EBITDA margin | +9.0% | +11.0% | +12.2% | +10.7% | +13.0% | +12.2% | +12.0% | +13.4% |
| Depreciation | 1.60 | 1.50 | 1.60 | 1.70 | 1.40 | 1.40 | 1.30 | 1.30 |
| Interest | 17.20 | 16.60 | 17.90 | 19.60 | 18.80 | 21.50 | 20.30 | 19.00 |
| Profit before tax | 118 | 170 | 121 | 111 | 86.70 | 131 | 90.90 | 92.40 |
| Tax | 28.10 | 41.90 | 30.00 | 26.00 | 20.90 | 31.60 | 20.70 | 22.10 |
| Net profit | 90.10 | 128 | 91.30 | 84.80 | 65.80 | 99.50 | 70.20 | 70.30 |
| EPS (₹) | 14.16 | 22.38 | 15.43 | 16.09 | 15.44 | 18.56 | 8.39 | 14.09 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,284 | 2,874 | 2,510 | 2,325 | 2,143 | 1,843 | 1,746 |
| Revenue growth | +14.3% | +14.5% | +7.9% | +8.5% | +16.3% | +5.5% | - |
| EBITDA | 389 | 387 | 348 | 5.80 | 174 | 169 | 160 |
| EBITDA margin | +11.9% | +13.5% | +13.9% | +0.3% | +8.1% | +9.2% | +9.2% |
| Profit before tax | 449 | 362 | 316 | 2.10 | 122 | 97.84 | 97.78 |
| Net profit | 338 | 271 | 236 | (742) | 92.12 | 72.45 | 58.80 |
| Net profit margin | +10.3% | +9.4% | +9.4% | -31.9% | +4.3% | +3.9% | +3.4% |
| EPS (₹) | 53.50 | 43.76 | 38.03 | 0.19 | 14.82 | 11.74 | 10.74 |
| Balance sheet | |||||||
| Total assets | 2,603 | 2,439 | 2,059 | 1,616 | 1,866 | 1,729 | 1,642 |
| Net worth | 2,108 | 1,784 | 1,496 | 1,262 | 1,260 | 1,168 | 977 |
| Total debt | 92.00 | 234 | 164 | 203 | 399 | 315 | 441 |
| Cash & bank | 903 | 838 | 356 | 166 | 215 | 217 | 160 |
| Net working capital | 1,662 | 1,565 | 1,232 | 770 | 970 | 992 | 996 |
| Cash flow | |||||||
| Cash from operations | 203 | 421 | 265 | 218 | (38.37) | 105 | 132 |
| Cash from investing | 10.20 | (142) | (4.30) | (49.70) | (37.92) | 21.09 | (34.44) |
| Cash from financing | (179) | 45.20 | (56.90) | (227) | 48.24 | (41.03) | (38.66) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 739 | 1,167 | 787 | 690 | 640 | 1,038 | 676 | 613 |
| Revenue growth (YoY) | +15.5% | +12.4% | +16.5% | +12.5% | +17.3% | - | - | - |
| Other income | 44.10 | 52.80 | 22.50 | 42.00 | 10.00 | 11.20 | 16.10 | 10.10 |
| Total expenses | 663 | 1,043 | 688 | 621 | 554 | 902 | 591 | 530 |
| EBITDA | 76.10 | 124 | 99.50 | 69.10 | 86.30 | 137 | 85.20 | 83.60 |
| EBITDA margin | +10.3% | +10.6% | +12.6% | +10.0% | +13.5% | +13.2% | +12.6% | +13.6% |
| Depreciation | 1.10 | 1.00 | 1.00 | 1.00 | 0.90 | 0.80 | 0.80 | 0.80 |
| Interest | 11.80 | 11.70 | 12.90 | 14.50 | 13.70 | 16.50 | 14.10 | 14.60 |
| Profit before tax | 107 | 164 | 108 | 95.60 | 81.70 | 131 | 86.40 | 78.30 |
| Tax | 28.00 | 41.40 | 27.50 | 25.30 | 20.80 | 31.60 | 22.20 | 20.70 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 887 | 1,414 | 961 | 834 | 734 | 1,156 | 811 | 700 |
| Revenue growth (YoY) | +20.8% | +22.3% | +18.5% | +19.2% | +17.2% | - | - | - |
| Other income | 57.50 | 31.90 | 24.00 | 42.80 | 11.30 | 13.20 | 14.80 | 19.10 |
| EBITDA | 79.50 | 156 | 117 | 89.30 | 95.60 | 141 | 97.70 | 93.60 |
| EBITDA margin | +9.0% | +11.0% | +12.2% | +10.7% | +13.0% | +12.2% | +12.0% | +13.4% |
| Depreciation | 1.60 | 1.50 | 1.60 | 1.70 | 1.40 | 1.40 | 1.30 | 1.30 |
| Interest | 17.20 | 16.60 | 17.90 | 19.60 | 18.80 | 21.50 | 20.30 | 19.00 |
| Profit before tax | 118 | 170 | 121 | 111 | 86.70 | 131 | 90.90 | 92.40 |
| Tax | 28.10 | 41.90 | 30.00 | 26.00 | 20.90 | 31.60 | 20.70 | 22.10 |
| Net profit | 90.10 | 128 | 91.30 | 84.80 | 65.80 | 99.50 | 70.20 | 70.30 |
| EPS (₹) | 14.16 | 22.38 | 15.43 | 16.09 | 15.44 | 18.56 | 8.39 | 14.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,944 | 3,294 | 2,856 | 2,960 | 2,979 | 2,834 | 2,557 |
| Revenue growth | +19.7% | +15.3% | -3.5% | -0.6% | +5.1% | +10.9% | - |
| Other income | 95.00 | 46.80 | 43.40 | 62.90 | 32.39 | 13.96 | 39.92 |
| Total expenses | 3,472 | 2,872 | 2,490 | 2,932 | 2,745 | 2,616 | 2,340 |
| Employee cost | 300 | 264 | 235 | 266 | 251 | 199 | 233 |
| EBITDA | 473 | 422 | 366 | 28.60 | 234 | 219 | 217 |
| EBITDA margin | +12.0% | +12.8% | +12.8% | +1.0% | +7.9% | +7.7% | +8.5% |
| Depreciation | 6.20 | 5.90 | 8.40 | 8.80 | 10.13 | 12.13 | 15.39 |
| Interest | 72.90 | 78.80 | 71.10 | 65.80 | 87.70 | 90.30 | 109 |
| Profit before tax | 489 | 384 | 330 | 16.90 | 168 | 130 | 132 |
| Tax | 119 | 89.60 | 79.70 | 5.90 | 36.33 | 29.47 | 48.56 |
| Net profit | 374 | 285 | 234 | 51.65 | 126 | 110 | 91.10 |
| Net profit margin | +9.5% | +8.7% | +8.2% | +1.7% | +4.2% | +3.9% | +3.6% |
| EPS (₹) | 59.28 | 47.63 | 39.61 | 2.10 | 21.21 | 17.70 | 16.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.50 | 12.40 | 12.40 | 12.40 | 12.44 | 12.44 | 10.94 |
| Reserves & surplus | 2,556 | 2,128 | 1,806 | 1,562 | 1,527 | 1,397 | 1,164 |
| Shareholders' funds (net worth) | 2,568 | 2,140 | 1,819 | 1,575 | 1,539 | 1,410 | 1,174 |
| Minority interest | 5.20 | 5.10 | 5.30 | (0.30) | (13.26) | (13.43) | (2.25) |
| Secured loans | 226 | 357 | 281 | 213 | 428 | 350 | 513 |
| Unsecured loans | 2.90 | 4.40 | 8.30 | 5.80 | 7.43 | 8.93 | 6.89 |
| Total debt | 228 | 362 | 289 | 219 | 436 | 358 | 520 |
| Total liabilities | 3,213 | 2,930 | 2,515 | 1,948 | 2,167 | 2,012 | 1,927 |
| Assets | |||||||
| Gross block | 120 | 117 | 130 | 130 | 152 | 159 | 149 |
| Net block | 66.10 | 66.70 | 72.50 | 75.40 | 79.95 | 86.31 | 86.34 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 72.10 | 69.40 | 67.10 | 45.80 | 37.57 | 24.35 | 19.90 |
| Inventories | 35.80 | 35.80 | 35.90 | 35.30 | 31.95 | 29.76 | 26.41 |
| Sundry debtors | 2,524 | 2,013 | 1,991 | 1,507 | 1,326 | 1,350 | 1,589 |
| Cash & bank balances | 1,059 | 945 | 510 | 275 | 429 | 371 | 321 |
| Loans & advances | 1,470 | 1,288 | 1,089 | 1,254 | 1,178 | 1,554 | 1,394 |
| Total current assets | 5,089 | 4,281 | 3,625 | 3,072 | 2,964 | 3,305 | 3,331 |
| Total current liabilities | 2,909 | 2,338 | 2,060 | 2,140 | 1,832 | 2,145 | 2,095 |
| Net working capital | 2,179 | 1,943 | 1,566 | 932 | 1,132 | 1,160 | 1,236 |
| Total assets | 3,213 | 2,930 | 2,515 | 1,948 | 2,167 | 2,012 | 1,927 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 718 | 440 | 207 | 321 | 304 | 249 | 135 |
| Net cash from operating activities | 207 | 355 | 134 | 84.90 | 11.64 | 135 | 245 |
| Net cash from investing activities | 45.60 | (111) | 56.20 | 40.70 | (39.05) | 1.36 | 5.03 |
| Net cash from financing activities | (185) | 34.00 | 43.60 | (240) | 44.64 | (85.89) | (135) |
| Net change in cash | 67.40 | 278 | 233 | (114) | 17.23 | 50.79 | 114 |
| Closing cash | 1,059 | 945 | 510 | 275 | 429 | 371 | 321 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +19.7% | +15.3% | -3.5% | -0.6% | +5.1% | +10.9% | - |
| EBITDA growth | +11.9% | +15.3% | +1180.4% | -87.8% | +6.9% | +0.8% | - |
| PBT growth | +27.1% | +16.5% | +1853.3% | -90.0% | +29.2% | -1.7% | +20.8% |
| Net income growth | +31.2% | +21.8% | +353.5% | -59.1% | +14.7% | +20.8% | - |
| Revenue CAGR (3Y) | +10.0% | +3.4% | +0.3% | +5.0% | +2.3% | -6.4% | -7.3% |
| EBITDA CAGR (3Y) | +154.7% | +21.8% | +18.7% | -49.1% | +6.4% | -9.2% | -9.9% |
| Profitability & leverage | |||||||
| Net income margin | +9.4% | +9.0% | +8.8% | +0.4% | +4.4% | +3.6% | +3.3% |
| Return on capital employed | +18.3% | +17.1% | +18.0% | +17.8% | +12.2% | +11.2% | +12.8% |
| Return on net worth | +15.7% | +14.9% | +14.8% | +3.2% | +9.0% | +7.8% | +7.5% |
| Debt / equity | 0.13 | 0.16 | 0.15 | 0.21 | 0.27 | 0.34 | 0.51 |
| Long-term debt / equity | 0.07 | 0.09 | 0.07 | 0.05 | 0.07 | 0.05 | 0.06 |
| Interest cover | 15.63 | 18.92 | 19.87 | 332.32 | 39.20 | 43.70 | 54.08 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 33.26 | 26.64 | 21.97 | 20.99 | 19.17 | 18.42 | 14.16 |
| Inventory turnover | 110.17 | 91.88 | 80.24 | 88.04 | 96.56 | 100.93 | 122.44 |
| Debtors turnover | 1.74 | 1.65 | 1.63 | 2.09 | 2.23 | 1.93 | 1.74 |
| EPS (₹) | 59.28 | 47.63 | 39.61 | 2.10 | 21.21 | 17.70 | 16.63 |
| Dividend per share (₹) | 5.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 410.96 | 345.15 | 293.32 | 254.02 | 247.45 | 226.65 | 214.71 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 739 | 1,167 | 787 | 690 | 640 | 1,038 | 676 | 613 |
| Revenue growth (YoY) | +15.5% | +12.4% | +16.5% | +12.5% | +17.3% | - | - | - |
| Other income | 44.10 | 52.80 | 22.50 | 42.00 | 10.00 | 11.20 | 16.10 | 10.10 |
| Total expenses | 663 | 1,043 | 688 | 621 | 554 | 902 | 591 | 530 |
| EBITDA | 76.10 | 124 | 99.50 | 69.10 | 86.30 | 137 | 85.20 | 83.60 |
| EBITDA margin | +10.3% | +10.6% | +12.6% | +10.0% | +13.5% | +13.2% | +12.6% | +13.6% |
| Depreciation | 1.10 | 1.00 | 1.00 | 1.00 | 0.90 | 0.80 | 0.80 | 0.80 |
| Interest | 11.80 | 11.70 | 12.90 | 14.50 | 13.70 | 16.50 | 14.10 | 14.60 |
| Profit before tax | 107 | 164 | 108 | 95.60 | 81.70 | 131 | 86.40 | 78.30 |
| Tax | 28.00 | 41.40 | 27.50 | 25.30 | 20.80 | 31.60 | 22.20 | 20.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,284 | 2,874 | 2,510 | 2,325 | 2,143 | 1,843 | 1,746 |
| Revenue growth | +14.3% | +14.5% | +7.9% | +8.5% | +16.3% | +5.5% | - |
| Other income | 117 | 36.90 | 31.30 | 60.60 | 28.26 | 9.76 | 20.61 |
| Total expenses | 2,895 | 2,487 | 2,161 | 2,320 | 1,969 | 1,674 | 1,586 |
| Employee cost | 248 | 215 | 173 | 168 | 156 | 107 | 121 |
| EBITDA | 389 | 387 | 348 | 5.80 | 174 | 169 | 160 |
| EBITDA margin | +11.9% | +13.5% | +13.9% | +0.3% | +8.1% | +9.2% | +9.2% |
| Depreciation | 3.90 | 3.00 | 4.20 | 4.20 | 5.32 | 6.06 | 6.67 |
| Interest | 52.80 | 59.20 | 59.40 | 60.10 | 74.89 | 75.32 | 76.54 |
| Profit before tax | 449 | 362 | 316 | 2.10 | 122 | 97.84 | 97.78 |
| Tax | 115 | 90.20 | 80.20 | 0.90 | 29.92 | 24.81 | 39.02 |
| Net profit | 338 | 271 | 236 | (742) | 92.12 | 72.45 | 58.80 |
| Net profit margin | +10.3% | +9.4% | +9.4% | -31.9% | +4.3% | +3.9% | +3.4% |
| EPS (₹) | 53.50 | 43.76 | 38.03 | 0.19 | 14.82 | 11.74 | 10.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.50 | 12.40 | 12.40 | 12.40 | 12.44 | 12.44 | 10.94 |
| Reserves & surplus | 2,096 | 1,771 | 1,484 | 1,249 | 1,248 | 1,156 | 966 |
| Shareholders' funds (net worth) | 2,108 | 1,784 | 1,496 | 1,262 | 1,260 | 1,168 | 977 |
| Secured loans | 69.80 | 211 | 145 | 188 | 337 | 271 | 434 |
| Unsecured loans | 22.20 | 22.20 | 19.00 | 15.00 | 62.25 | 44.39 | 6.89 |
| Total debt | 92.00 | 234 | 164 | 203 | 399 | 315 | 441 |
| Total liabilities | 2,603 | 2,439 | 2,059 | 1,616 | 1,866 | 1,729 | 1,642 |
| Assets | |||||||
| Gross block | 122 | 118 | 115 | 114 | 113 | 116 | 116 |
| Net block | 61.60 | 60.90 | 59.80 | 59.60 | 63.21 | 68.31 | 73.83 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 143 | 141 | 130 | 95.10 | 55.90 | 33.56 | 25.38 |
| Inventories | 14.00 | 15.30 | 10.30 | 10.20 | 8.50 | 8.50 | 7.57 |
| Sundry debtors | 2,292 | 1,833 | 1,814 | 1,392 | 1,190 | 1,282 | 1,246 |
| Cash & bank balances | 903 | 838 | 356 | 166 | 215 | 217 | 160 |
| Loans & advances | 866 | 850 | 708 | 658 | 779 | 892 | 964 |
| Total current assets | 4,075 | 3,536 | 2,888 | 2,226 | 2,193 | 2,400 | 2,377 |
| Total current liabilities | 2,414 | 1,971 | 1,656 | 1,456 | 1,223 | 1,408 | 1,381 |
| Net working capital | 1,662 | 1,565 | 1,232 | 770 | 970 | 992 | 996 |
| Total assets | 2,603 | 2,439 | 2,059 | 1,616 | 1,866 | 1,729 | 1,642 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 614 | 290 | 86.10 | 145 | 173 | 88.22 | 29.40 |
| Net cash from operating activities | 203 | 421 | 265 | 218 | (38.37) | 105 | 132 |
| Net cash from investing activities | 10.20 | (142) | (4.30) | (49.70) | (37.92) | 21.09 | (34.44) |
| Net cash from financing activities | (179) | 45.20 | (56.90) | (227) | 48.24 | (41.03) | (38.66) |
| Net change in cash | 34.80 | 324 | 204 | (58.70) | (28.05) | 84.66 | 58.82 |
| Closing cash | 903 | 838 | 356 | 166 | 215 | 217 | 160 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.3% | +14.5% | +7.9% | +8.5% | +16.3% | +5.5% | - |
| EBITDA growth | +0.6% | +11.1% | +5905.2% | -96.7% | +2.7% | +5.7% | - |
| PBT growth | +24.3% | +14.4% | - | -98.3% | +24.8% | +0.1% | -16.4% |
| Net income growth | +24.7% | +15.0% | +131.8% | -905.4% | +27.2% | +23.2% | - |
| Revenue CAGR (3Y) | +12.2% | +10.3% | +10.8% | +10.0% | +7.0% | -0.2% | -1.0% |
| EBITDA CAGR (3Y) | +306.3% | +30.5% | +27.1% | -66.9% | +0.5% | -4.0% | +5.2% |
| Profitability & leverage | |||||||
| Net income margin | +10.2% | +9.4% | +9.4% | +0.1% | +4.3% | +4.0% | +3.4% |
| Return on capital employed | +19.9% | +18.7% | +20.4% | +20.2% | +11.0% | +10.3% | +11.1% |
| Return on net worth | +17.2% | +16.5% | +17.1% | -58.8% | +7.6% | +6.8% | +6.2% |
| Debt / equity | 0.08 | 0.12 | 0.13 | 0.24 | 0.29 | 0.35 | 0.46 |
| Long-term debt / equity | 0.03 | 0.04 | 0.04 | 0.05 | 0.07 | 0.06 | 0.05 |
| Interest cover | 13.71 | 15.42 | 17.26 | 3,756.25 | 44.38 | 46.10 | 49.80 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 27.44 | 24.75 | 22.00 | 20.54 | 18.73 | 15.88 | 15.08 |
| Inventory turnover | 224.19 | 224.52 | 244.85 | 248.70 | 252.07 | 229.39 | 198.67 |
| Debtors turnover | 1.59 | 1.58 | 1.57 | 1.80 | 1.73 | 1.46 | 1.41 |
| EPS (₹) | 53.50 | 43.76 | 38.03 | 0.19 | 14.82 | 11.74 | 10.74 |
| Dividend per share (₹) | 5.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 337.30 | 287.68 | 241.32 | 203.47 | 202.63 | 187.77 | 178.54 |
To see the full year-wise statements and ratios of Va Tech Wabag Limited, buy the company report.
Board of directors of Va Tech Wabag Limited
Va Tech Wabag has 6 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Mittal | Managing Director | 27 Sep 2000 | 26 Years 0 Months | Current |
| Amit Goela Also directs: Inventurus Knowledge Solutions Limited, Aptech Limited, Roshni Agencies Private Limited and 4 more | Director | 19 Jul 2021 | 5 Years 3 Months | Current |
| Ranjit Singh Also directs: Rubamin Private Limited, Polyplex Corporation Limited, Shaily Engineering Plastics Limited and 5 more | Director | 11 Nov 2020 | 5 Years 11 Months | Current |
| Subramanian Varadarajan | Whole-Time Director | 24 Jun 2015 | 11 Years 3 Months | Current |
| Vijaya Sampath Also directs: Ingersoll-Rand (India) Limited, Craftsman Automation Limited, Intellect Design Arena Limited and 4 more | Director | 31 Jul 2020 | 6 Years 2 Months | Current |
| Milin Kaimas Mehta Also directs: K C Mehta & Co LLP, Sudeep Pharma Limited, Styrenix Performance Materials Limited and 5 more | Director | 29 Apr 2019 | 7 Years 5 Months | Current |
Peer comparison
Va Tech Wabag Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Va Tech Wabag Limitedthis company | ₹3,944.2 Cr (FY 2026) | ₹374.08 Cr | 9.5% | 19.7% | 925 | Chennai, Tamil Nadu, India |
| Jwil Infra Limited | ₹1,900 Cr (FY 2025) | -13.0% | Uttar Pradesh, India | |||
| Vishvaraj Environment Limited | ₹1,780.65 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India | |||
| Eco Protection Engineers Private Limited | ₹1,433.09 Cr (FY 2025) | 16.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Va Tech Wabag Limited, buy the company report.
Auditor
Va Tech Wabag Limited is audited by SHARP & TANNAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARP & TANNAN | FY 2023 | 003792S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 19.10%, foreign institutional investors hold 18.20%, domestic institutional investors hold 6.40% and retail and other public shareholders hold 56.30%.
Sep 2026
QUARTER
19.10% Promoters
6.40% DII (Domestic Institutional)
18.20% FII (Foreign Institutional)
56.30% Retail & Others
Promoter holding - history
Now 19.10% · Sep 2026High 19.10% · Dec 2025Low 19.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 19.10% | 19.10% | 19.10% | 19.10% |
| Public | 80.90% | 80.90% | 80.90% | 80.90% |
Charges & borrowings
Open charges
₹5,645.3 Cr
Satisfied charges
₹5,369.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2024 | 100861643 | Sbicap Trustee Company Limited | ₹91.5 Cr | Open | |
| 20 Jun 2023 | 100734466 | Idbi Trusteeship Services Limited | ₹144.5 Cr | Open | |
| 20 Jun 2023 | 100745570 | Sbicap Trustee Company Limited | ₹100 Cr | Open | |
| 29 Jul 2022 | 100649727 | Sbicap Trustee Company Limited | ₹103.5 Cr | Open | |
| 29 Jul 2022 | 100633784 | Sbicap Trustee Company Limited | ₹70.4 Cr | Open |
To see the full charge records of Va Tech Wabag Limited, buy the company report.
Total charge records: 48 View all charges
Deals & funding
Va Tech Wabag Limited has 48 deals on record (27 market trades, 12 secondary share transfers, 8 funding rounds), with disclosed funding of ₹260.05 Cr; the latest was in April 2026.
Total deals
48
Market trades
27
Secondary share transfers
12
Funding rounds
8
IPO
1
Disclosed funding
₹260.05 Cr
Deals on record (5 of 48)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Market trade | ₹74.65 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2024 | Market trade | ₹133.39 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited Seller: Graviton Research Capital LLP , Hrti Private Limited |
| Jun 2024 | Market trade | ₹34.95 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Apr 2024 | Market trade | ₹29.17 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2023 | Market trade | ₹16.85 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Va Tech Wabag Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Va Tech Wabag Limited has 318 court cases on record: 170 filed by Va Tech Wabag, 148 filed against it. 68 cases are pending and 250 are disposed.
Total cases
318
Filed by the company
170
Filed against the company
148
Pending
68
Disposed
250
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 184 | 54 | 37 |
| District courts | 103 | 71 | 28 |
| NCLT | 14 | 11 | 0 |
| NCLAT | 10 | 9 | 1 |
| Supreme Court | 7 | 3 | 2 |
Cases on record (5 of 318)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by Megha Engineering and Infrastructures Ltd | Pending |
| High Court for State of Telangana | Revision petition | Filed against the company by Andhra Pradesh Power Generation Corporation Limited (Apgenco) | Pending |
| Madras High Court | Appeal | Filed against the company by Megha Engineering and Infrastructures Ltd | Pending |
| District court, Thiruvananthapuram, Kerala | Arbitration matter | Filed by the company against Travancore Titanium Products Ltd | Pending |
| Bombay High Court | Writ petition | Filed by the company against Bharat Petroleum Corporation Limited and Ors and 2 others | Pending |
To see the full case history of Va Tech Wabag Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Va Tech Wabag Limited was last rated by Icra on 09 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 09 Apr 2021 |
To see the full credit ratings and regulatory alerts of Va Tech Wabag Limited, buy the company report.
MSME payment delays
Va Tech Wabag Limited has 36 MSME Form 1 returns on record between 2013 and 2024, listing 3,657 overdue payments to 275 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 275)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Safar Cranes Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Kapcon RMC Private Limited |
To see the full MSME payment records of Va Tech Wabag Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Va Tech Wabag has 3 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| DK Sewage Project Private Limited, India | U41000TN2019PTC131821 | |
| Ghaziabad Water Solutions Private Limited, India | U41000TN2020PTC135253 | |
| Kopri Bio Engineering Private Limited, India | U90009TN2020PTC139750 |
To see the full group structure of Va Tech Wabag Limited, buy the company report.
Employees & EPFO
Va Tech Wabag Limited has a workforce of 925 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
925
Active EPFO establishments
2
Employee growth
3.58%
GST
Va Tech Wabag has 23 GST registrations: 20 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
23
Active
20
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCV0225G1ZW | Tamil Nadu | Active | 01 Jul 2017 |
| 03AABCV0225G1ZZ | Punjab | Active | 01 Jul 2017 |
| 06AABCV0225G1ZT | Haryana | Active | 01 Jul 2017 |
| 07AABCV0225G1ZR | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Va Tech Wabag Limited, buy the company report.
Recent activity
Va Tech Wabag Limited has 42 board changes on record since 2000: 25 appointments and 17 cessations. The latest: Shailesh Kumar was appointed as CEO on 22 Dec 2023.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 100.00 Cr registered on 20 Jun 2023 with Charge ID 100745570 was modified on 18 May 2026.
Filing
Va Tech Wabag Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chennai.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 4,895.98 Cr registered on 06 Aug 2021 with Charge ID 100473873 was modified on 11 Nov 2025.
AGM
Va Tech Wabag Limited last Annual general meeting of members was held on 12 Aug 2025 as per latest MCA records.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 91.50 Cr registered on 12 Feb 2024 with Charge ID 100861643 was modified on 18 Jun 2025.
Charges
A charge registered on 07 May 2019 via Charge ID 100259997 with State Bank Of India was fully satisfied on 26 Sep 2024.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 91.50 Cr with Charge ID 100861643 was registered on 12 Feb 2024.
Charges
A charge registered on 16 May 2023 via Charge ID 100719016 with Others was fully satisfied on 08 Feb 2024.
Appointed
Shailesh Kumar was appointed as CEO.
Charges
A charge registered on 10 Jan 2022 via Charge ID 100526952 with State Bank Of India was fully satisfied on 01 Dec 2023.
Ceased
Pankaj Malhan ceased to be CEO.
Charges
A charge registered on 24 Jun 2022 via Charge ID 100594049 with Others was fully satisfied on 06 Oct 2023.
130 earlier events are in the company report.
News
Frequently asked questions
Va Tech Wabag is an active public limited company based in Chennai, Tamil Nadu, India. The company works in water treatment, within the environment industry. It was incorporated on 17 February 1995 (31+ years old) and is registered under CIN L45205TN1995PLC030231. Listed on BSE: 533269 and NSE: WABAG.
Va Tech Wabag reported revenue of ₹3,944.2 Cr for FY 2025-26 (up 19.7% YoY) based on consolidated financials.
Va Tech Wabag has 6 current directors:
- Rajiv Mittal - Managing Director
- Subramanian Varadarajan - Whole-Time Director
- Amit Goela - Director
- Ranjit Singh - Director
- Vijaya Sampath - Director
- Milin Kaimas Mehta - Director
The latest financial statements of Va Tech Wabag on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Va Tech Wabag is 33AABCV0225G1ZW, registered in Tamil Nadu. The company has 23 GST registrations in all, of which 20 are active and 3 are cancelled or inactive. Other active GSTINs include 03AABCV0225G1ZZ (Punjab), 06AABCV0225G1ZT (Haryana), 07AABCV0225G1ZR (Delhi).
The CIN (Corporate Identification Number) of Va Tech Wabag is L45205TN1995PLC030231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Va Tech Wabag is a listed company as per MCA records. Its shares are listed on both BSE (code: 533269) and NSE (symbol: WABAG).
Va Tech Wabag has 318 court cases on record: 170 filed by the company and 148 filed against it. 68 are pending. Most are in the high courts.
Va Tech Wabag was incorporated on 17 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chennai.
Va Tech Wabag has 48 deals on record (27 market trades, 12 secondary share transfers, 8 funding rounds), with disclosed funding of ₹260.05 Cr; the latest was in April 2026.
The peers of Va Tech Wabag by revenue are Jwil Infra Limited, Vishvaraj Environment Limited, Eco Protection Engineers Private Limited, all in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply).
Shailesh Kumar was appointed as CEO on 22 Dec 2023. Pankaj Malhan ceased to be CEO on 30 Oct 2023. Pankaj Malhan was appointed as CEO on 07 Dec 2022. Va Tech Wabag has 42 board changes on record in total.