Archive · 8 Jan 2026
B&K Securities Initiates Coverage on VA Tech Wabag with Buy Rating
B&K Securities, a financial firm, has started watching VA Tech Wabag, a company that treats water.
They think the company's stock is a good buy.
They believe the stock price could go up by 89% to Rs 2,208 from its current price of Rs 1,168.
The firm likes that VA Tech Wabag has a lot of work lined up and expects the company to make more money in the future.
They also think the company is doing a good job of managing its projects and making profits.
However, they warn that there could be delays in projects or problems with getting money from international organizations.
B&K Securities initiated coverage on VA Tech Wabag Ltd with a 'Buy' recommendation.
The brokerage sees an upside potential of 89% with a target price of Rs 2,208.
VA Tech Wabag has a strong order book of Rs 16,000 crore, offering long-term revenue visibility.
The company is expected to deliver 15.7% revenue CAGR and 23% earnings CAGR from FY25 to FY28E.
Potential risks include project delays, execution slippages, and muted multilateral funding.
- Who
- B&K Securities
- What
- Initiated coverage on VA Tech Wabag Ltd with a 'Buy' recommendation
- When
- Not specified
- Where
- Not specified
- Why
- Due to strong order book, long-term revenue visibility, and potential for re-rating
- Company
- VA Tech Wabag Ltd (VATW)
- Recommendation
- Buy
- Target Price
- Rs 2,208
- Current Price
- Rs 1,168
- Upside Potential
- 89%
- Order Book
- Rs 16,000 crore backlog
- Revenue CAGR (FY25-28E)
- 15.7%
- EBITDA Margin (FY28E)
- 14.6%
- Earnings CAGR (FY25-28E)
- 23%
- RoCE (FY25)
- 16.9%
- RoCE (FY28E)
- 20.7%