Stories
Motilal Oswal Sees 30% Upside For VA Tech Wabag Shares
C
CNBC TV18•12-10-2026, 14:16
Motilal Oswal Sees 30% Upside For VA Tech Wabag Shares
- •Brokerage firm Motilal Oswal has reiterated a buy recommendation on VA Tech Wabag with a target price of 2529 rupees per share, citing a potential 30% upside.
- •The company boasts a robust order book worth 20000 crore rupees, which is five times its FY26 revenue, driven by regular order flows and normal project execution.
- •Motilal Oswal expects strong financial growth, projecting a CAGR of 19% in revenue, 26% in EBITDA, and 23% in adjusted profit after tax over FY26-28.
- •VA Tech Wabag recently secured significant domestic and international orders, including projects from Reliance Industries, and entered markets in Kuwait and UAE.
- •The stock features strong free cash flow generation, a net cash position of 1000 crore rupees, and favorable return ratios, making it an attractive investment.
Key Questions Answered
Motilal Oswal has reiterated a "buy" recommendation on VA Tech Wabag with a target price of ₹2,529 per share, citing an upside potential of up to 30% and a strong growth outlook.
VA Tech Wabag's current order book stands at ₹20,000 crore, which is five times its FY26 revenue and provides visibility towards 20% revenue growth over the next three to four years.
VA Tech Wabag secured a ₹250 crore repeat order from Reliance Industries in Jamnagar, entered Kuwait and UAE by bagging orders worth ₹100 crore and ₹600 crore respectively, and won projects from BWSSB, DJB, and Donauinsel Water Works in Austria.
