Va Tech Wabag Limited is a well-established company in the water management sector. This hundred-year-old company has given its shareholders a massive return of 1,910% in just 5 years.
Stock Price Update
Va Tech Wabag Limited has a market value of Rs 9,614 crore. Its share price is currently Rs 1,545.95, up 1.7% from the previous day’s close price of Rs 1,520.05.
Long-term Gains
The stock was valued at Rs 75.40 on April 3, 2020. Since then, it has risen by nearly 1,910% to reach Rs 1,545 today. This means that if you had invested Rs 10,000 in the stock 5 years ago, it would have been worth around Rs 2 lakhs now.
About the Company
Va Tech Wabag Limited was founded in 1924, making it a century-old company. It is the third largest private water operator globally. The company has built over 1,500 plants and developed 125+ intellectual property rights.
The company provides water treatment solutions, including designing, supplying, installing and managing drinking water, wastewater treatment, desalination and more. It is also the 5th largest global supplier of desalination plants. Va Tech Wabag operates in over 25 countries and has an order book of Rs 14,500 crore.
Services Offered
The company provides sustainable solutions for:
- Desalination
- Wastewater Treatment
- Recycling and Reuse
- Wastewater Treatment
- Drinking Water
- Zero Liquid Discharge
- Sludge Treatment
- Energy Recovery
Revenue Breakdown
81% of revenue comes from EPC (engineering, procurement and construction) services.
19% comes from operations and maintenance services.
67% of its revenue comes from municipal customers, while 33% comes from industrial customers.
Also Read: ITC Hotels Share Listing Date Announced on NSE & BSE: Key Updates for Shareholders and Investors
Customers
Va Tech Wabag has a strong customer base, which includes major companies such as PepsiCo, Reliance Industries, NMDC, Indian Oil, ONGC, Delhi Jal Board, CIDCO and Bangalore Water Supply and Sewerage Board.
Future Plans
Va Tech Wabag has partnered with Peak Sustainability Ventures to set up 100 bio-CNG plants in India. These plants will convert sewage sludge into compressed biogas.
The company is also working on several projects with municipal and industrial customers, with a potential value of around USD 200 million.
Recent Projects
The company has recently won two major projects:
- A work order worth Rs 145 crore from Chennai Petroleum Corporation to design and install desalination water pipelines between CPCL’s Manali Refinery and Kattupalli Desalination Plant.
- A project in Zambia worth about Rs 700 crore (78 million euros) to construct two advanced wastewater treatment plants for the Lusaka Water Supply and Sanitation Company.
