Va Tech Wabag Ltd. share price target

For 4QFY2016, VA Tech Wabag (Wabag) reported a 2.6% yoy decline in sales to Rs553cr, reflecting weak execution across the EPC-Municipal business. The EBITDA grew 19.2% yoy to Rs93cr while the EBITDA margin expanded by 306bp yoy to 16.8%. In-line with the EBITDA margin, the PAT margin expanded to 10.2% during the quarter vs 9.1% in 4QFY201..

EBITDA declined 4.1% YoY to | 121.3 crore (below our estimate of | 157.4 crore). EBIDTA margins came in at 14.1% vs. 13.9% due to lower employee & forex expenses. This was despite 6% YoY...

Key highlights: Revenues (Rs 8.6bn, 5% yoy) were materially lower than our estimate as execution disappointed in both parent operations and international subsidiaries. VATW lostouton20mnofrevenuesassomeprojects,particularlyinEgyptandSaudiArabia,did...

Wabag Ltd. (VATW) is a multinational player in the water treatment industry and a leader in the Indian water technology market, having a market share of around 50% and is also one of...

VaTech Wabag (Wabag) reported a 26.6% yoy increase in sales to Rs371cr in 3QFY2016, reflecting strong execution across its AP Genco project. The EBITDA for the quarter grew 11.7% yoy to Rs37cr. The EBITDA margin declined 132bp yoy to 9.9%, owing to a sharp increase in other expenses to Rs22cr (vs Rs5cr in 3QFY2015). In-line with the EBITD..

Mumbai plans to expand/refurbish five sewerage treatment plants at Colaba, Ghatkopar, Bhandup,Worli,andBandra.Awardsoftheseprojectshavebeendelayedbymorethanfour years. Latest estimates peg the total capacity of these plants at 1908MLD with a total...

Background: VA Tech Wabag is a leading company in the water treatment space. The company has vast experience in plant building, planning, execution and operation of drinking water plants and waste water plants for both municipal and industrial sectors. The company has a multinational pedigree and offers customer specific solutions. The company has about 157 patents which include both products and process...

Based on our channel checks, we gather that the pipeline of orders for water/sewerage treatmentprojects in FY1718 is robust.We identify an order opportunity of Rs120bn for companiessuchasVaTechWabag(VATW).However,thevisibilityremainshighinfavourof...

in execution in the domestic market. Higher revenue growth translated to operating leverage leading to 34% higher EBITDA at Rs 429mn (we estimated Rs 361mn). EBITDA margins at 7.1% (+80bps yoy) were also slightly higher than our estimate of 6.9%. Higher...

Background: VA Tech Wabag is a leading company in the water treatment space. The company has vast experience in plant building, planning, execution and operation of drinking water plants and waste water plants for both municipal and industrial sectors. The company has a multinational pedigree and offers customer specific solutions. The company has about 157 patents which include both products and process...