Sharekhan has given Buy recommendation for Va Tech Wabag with a target price of Rs. 435 in its research report issued on Aug 12, 2021

Sharekhan’s research report on Va Tech Wabag

Well-funded strong order book at Rs 10,400 crore provides comfort on collections and execution fronts. Structural growth tailwinds owing to leading global positioning, the government’sspends on water supply, and impetus on industrial waste-water management. In the recent years, the management has seen government push in the segment to have water availability and improve water security and sanitation. This helps the company going ahead as increase in government capex will further add to the thriving business of the company.


We maintain Buy on Va Tech Wabag with unchanged target price of Rs 435 considering strong balance sheet led by robust operating and free cash-flow generation allays investors concerns on future growth.


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