VA TECH WABAG LIMITED (WABAG)
VA TECH WABAG LIMITED — Stage 1 setup with EFS 61.4 and investment score 58.0.
Investment Read
Separate the company from the entry: business quality first, timing second.
The edge is in staying with strong fundamentals — and demanding a sane entry.
VA TECH WABAG LIMITED combines the latest available financial extract with the technical snapshot. Latest quarter: revenue 887 Cr (YoY +20.8%), PAT 90 Cr (YoY +36.4%). The next step is to reconcile these headline numbers with the annual report, exchange filings, and cash-flow quality.
Decision Frame
- Business: understand where moat comes from.
- Financials: prefer consistent cash conversion.
- Technical: Stage 1, RSI 50.5.
- Action bias: buy-on-pullback beats chase.
- Invalidation: thesis break + trend break.
Fundamental Scores
Agent Adda scores from snapshot (Agent Adda cached snapshot). Useful ranking signals — not standalone buy/sell rules.
Score Interpretation
EFS 61.4 is the composite fundamental score: it indicates a reasonably strong combination of earnings quality (59.0), sales growth (51.7), financial strength (78.8), and institutional bias (61.0). The weaker sales-growth/financial-strength components are why the score is not a clean quality signal. Investment Score 58.0 is lower because it blends the fundamental stack with the current technical setup, where the technical score is 42.0. In plain English: the tape is stronger than the balance-sheet evidence, so the stock can screen well for momentum without removing execution, leverage, or valuation risk. Validate the scores against audited cash flow, debt, margins, dilution, and the next two quarters before treating them as conviction.
Company Overview
Company overview from the available fundamentals extract; source gaps are stated rather than filled with scraper metadata.
Business
The source extract did not return a reliable business description; use the linked exchange and annual-report sources before forming a business view.
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.7% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 6.83% over past five years.
- Promoter holding is low: 19.1%
- Earnings include an other income of Rs.152 Cr.
- Company has high debtors of 234 days.
Historical P&L
5 annual periods returned from the fundamentals extract. The latest available annual period shows revenue +3.9% and PAT +6.5% versus the prior period; confirm whether the change is organic, margin-led, or acquisition-led in the annual report.
| Period | Revenue | Op. Profit | OPM | PAT | EPS | Payout |
|---|---|---|---|---|---|---|
| Mar 2023 | 2,960 | 318 | 11% | 11 | 2.09 | 0% |
| Mar 2024 | 2,856 | 366 | 13% | 250 | 39.49 | 0% |
| Mar 2025 | 3,294 | 422 | 13% | 295 | 47.48 | 8% |
| Mar 2026 | 3,944 | 478 | 12% | 370 | 59.46 | 8% |
| TTM | 4,097 | 446 | 11% | 394 | 63.38 |
Quarterly Results
6 quarterly periods are available. Jun 2026 revenue was 887 Cr and PAT 90 Cr; the latest sequential change was revenue -37.3% and PAT -29.7%. Use the next filing to test whether the latest growth rate is recurring and whether operating margin and cash conversion are moving with earnings.
| Quarter | Revenue | Op. Profit | OPM | PAT | EPS |
|---|---|---|---|---|---|
| Mar 2025 | 1,156 | 141 | 12% | 100 | 16.00 |
| Jun 2025 | 734 | 96 | 13% | 66 | 10.58 |
| Sep 2025 | 834 | 89 | 11% | 85 | 13.62 |
| Dec 2025 | 961 | 122 | 13% | 91 | 14.72 |
| Mar 2026 | 1,414 | 156 | 11% | 128 | 20.59 |
| Jun 2026 | 887 | 80 | 9% | 90 | 14.45 |
Balance Sheet And Cash Flow
3 balance-sheet/cash-flow periods are available. Latest reported borrowings are 228 Cr, CFO is 207 Cr, and FCF is 202 Cr. Read these alongside PAT, working-capital movements, capex, and financing flows: profit growth is higher quality when it converts to operating cash without repeated debt or equity funding.
| Balance sheet item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 12 | 12 | 12 |
| Reserves | 1,806 | 2,128 | 2,556 |
| Borrowings+ | 289 | 362 | 228 |
| Total Liabilities | 4,574 | 5,267 | 6,122 |
| Fixed Assets+ | 72 | 67 | 66 |
| Total Assets | 4,574 | 5,267 | 6,122 |
| Cash flow item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| CFO | 134 | 355 | 207 |
| CFI | 56 | -111 | 46 |
| CFF | 44 | 34 | -185 |
| FCF | 122 | 351 | 202 |
| Net Cash | 233 | 278 | 67 |
Concall, Filings And News
Evidence reviewed: 8 concall artifacts and 6 exchange/company announcements. The read-through below distinguishes reported numbers, management claims, and checks required before relying on the catalyst.
Annual report and management read-through
- Quarter context (Jun 2026): Revenue 887 Cr (+20.8% YoY), PAT 90 Cr (+36.4% YoY).
- Annual report source: Interactive Annual Report 2025-26 (geographic presence, clusters, global footprint). This is the report link returned by the extractor; it was not locally parsed in this run, so verify revenue quality, risks, related parties, debt, and cash flow before relying on a thesis.
- Analytical check: compare the latest result with the annual report for margin durability, cash conversion, leverage, segment mix, and management guidance; separate reported facts from management claims.
Concall evidence and what to test
- Coverage note: dated presentation links were found, but transcript text was not locally extracted; the materials require manual review before management claims are treated as evidence.
- Aug 2026: PPT | Audio
- Jun 2026: Transcript | PPT
- May 2026: PPT
- Feb 2026: Transcript | PPT | Audio
Recent announcements and implications
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS14 Aug- Intimation for allotment of 60708 Equity Shares
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome13 Aug- Audio recording of Q1 FY27 results conf
- Announcement under Regulation 30 (LODR)-Newspaper Publication13 Aug- Newspaper advertisement titled Extract of the State
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report13 Aug- 31st AGM voting results घोषित; all six resolutions pass
- Shareholder Meeting / Postal Ballot-Outcome of AGM12 Aug
- Moneycontrol notices feed (as-of 31-Aug-2026 10:57 IST) shows recent filings: investor/analyst meet (28-Aug), AGM transcript (28-Aug), Doha : Use this as the index of recent exchange-linked notices (BSE/NSE sources).
- 31st AGM transcript (held 12-Aug-2026) PDF: Full AGM Q&A transcript; useful for management commentary and shareholder questions.
- 31st AGM proceedings PDF: Proceedings/minutes-style document for the 31st AGM.
Sector And Competitive Context
Sector and peer claims are shown only when a same-date comparable dataset is available.
| Lens | Read-through |
|---|---|
| Sector | Other |
| Data quality | No peer ranking asserted without comparable same-date observations. |
| Next check | Compare growth, margins, balance-sheet risk, valuation, and relative strength with the company’s listed peers. |
Peer ranking omitted: no comparable same-date peer dataset was supplied, so this report does not manufacture a self-comparison row.
Equity Chart V1
EOD chart from Agent Adda cached price history (130 bars). Range: 2026-02-10 → 2026-08-17.
Technical Analysis
Technical setup from cached snapshot (if available).
| Indicator | Value | Note |
|---|---|---|
| Stage | Stage 1 | Weinstein stage |
| Signal | WEAK_HOLD | Snapshot |
| RSI | 50.5 | Momentum |
| ADX | 34.5 | Trend strength |
| SMA20/50/200 | 1992.34 / 2036.63 / 1515.96 | Trend context |
| Supertrend | SELL | Trend filter |
| Ratio | Value |
|---|---|
| Market cap | INR 11,844 Cr |
| P/E | 29.7x |
| ROCE | 21.3% |
| ROE | 15.9% |
| Book value | INR 412 |
| High / Low | 2253.5 / 1033.0 |
| Dividend yield | 0.26% |
Weinstein And O'Neil Read
Stan Weinstein Stage Analysis
The snapshot labels the stock Stage 1 (Stage 1 / base). Weinstein stage describes the position of price within a multi-month trend: Stage 1 is a base, Stage 2 an advance, Stage 3 a topping range, and Stage 4 a decline. It is a context framework, not a forecast or standalone trade signal.
Evidence check: price is not above all the 20/50/200-day averages, and the moving averages are not fully stacked bullishly (1992.34 / 2036.63 / 1515.96). RSI is 50.5 (neutral); ADX is 34.5 (strong trend); Supertrend is SELL. A bullish stage with weak momentum, a broken moving-average stack, or a conflicting Supertrend reading is a lower-quality setup.
William O’Neil / CAN SLIM Lens
C — Current earnings: latest PAT growth is +36.4% and revenue growth is +20.8%; confirm the next two quarters and check whether margin and CFO support the growth. A — Annual earnings: latest annual revenue growth is +19.7%; fill the missing periods before claiming a multi-year CAGR. N — New: identify a new product, customer, capacity addition, or catalyst and distinguish company guidance from delivered results. S — Supply/demand: price/volume confirmation matters; share issuance, promoter selling, or thin liquidity can weaken the setup. L — Leader: relative strength is 94.4; compare against the correct sector and Nifty benchmark rather than using price alone. I — Institutions: institutional-bias score is 61.0; verify actual ownership trend. M — Market: confirm that the broader index and sector are supportive. The practical conclusion is a watchlist-quality setup only when earnings acceleration, leadership, volume, and a definable risk point align.
Broker And Market View
Broker/analyst evidence is shown only when dated source results are returned.
Valuation Scenarios
Illustrative valuation from TTM EPS and P/E multiples (not a recommendation).
| Scenario | TTM EPS | P/E | Implied value | vs current | Condition required |
|---|---|---|---|---|---|
| Bear (multiple compression) | 63.38 | 21x | 1318 | -31% | Risk-off, slower growth, lower multiple. |
| Base (current multiple) | 63.38 | 30x | 1882 | -1% | Steady execution; multiple holds. |
| Bull (multiple expansion) | 63.38 | 36x | 2259 | +19% | Sustained growth + quality premium. |
Issues And Risks
Generic risk framework; replace with annual-report-specific risks when the report is parsed.
| Risk | Why it matters | Severity | What to monitor |
|---|---|---|---|
| Demand / earnings | Cyclicality, customer concentration, or weak volume can make recent growth non-recurring. | Medium | Orders, volume, segment mix, and next two quarters. |
| Working capital | Receivables and inventory can absorb cash even when accounting profit rises. | Medium | CFO versus PAT, working-capital days, and FCF. |
| Leverage / capex | Debt-funded expansion increases fixed obligations and execution risk. | Medium | Borrowings, interest cover, capex milestones, and funding source. |
| Governance / disclosure | Related parties, auditor remarks, pledges, or inconsistent reporting can change the thesis. | Medium | Annual-report notes, exchange filings, auditor qualifications, and dilution. |
| Valuation / entry | A good business can still deliver poor returns when expectations are already high. | Medium | Earnings delivery, peer multiples, trend support, and risk point. |
Evidence Trail
Source-first trail for review.
- Screener financials page.
- NSE quote and filings.
- BSE quote and filings.
- Financial Year 2022from bse.
- Financial Year 2021from bse.
- Q1 FY27 results (BM outcome PDF includes financials; press release reference).
- WABAG news page: Kuwait / Doha SWRO II project description (HTML).
- NSE archives PDF: Kuwait / Doha SWRO II press release.
- Credit rating reaffirmation intimation (India Ratings) dated 04-Feb-2026.
- Interactive Annual Report 2025-26 (geographic presence, clusters, global footprint).