Water technology major, Va Tech Wabag’s Q4 profits were higher by 57% at Rs. 47 cr. Revenue from operations topped Rs. 999 cr. An excellent long term investment.
#WABAG #InvestmentIdeas #InvestingUniversity
We recommended this stock on our YouTube channel (KrisDom Investor) at Rs.230! Stay invested!
If you have some free time, please visit the channel and browse our old videos.
Stocks in the news
#IGL : ICRA reaffirmed credit rating of IGL for Rs 4,000 crore at AAA and A1+. Outlook on the long term rating is stable.
Sumitomo Chemical India: Promoter entity Sumitomo Chemical Company to sell up to 1,64,83,654 equity shares in company on September 30 and October 1. Floor price for the sale is fixed at Rs 270 per share.
Garware Polyester: CARE reaffirmed long term credit rating at A and revised outlook from stable to positive.
#BANDHANBNK : Company appointed Rahul Parikh as Chief Marketing & Digital Officer.
#WABAG : Company approved the allotment of 75 lakh equity shares at a price of Rs 160 per equity share aggregating to Rs 120 crore by way of preferential issue to Rekha Rakesh Jhunjhunwala (50 lakh shares), Basera Home Finance (15 lakh shares), and Sushma Anand Jain and Anand Jaikumar Jain (Joint Holding) (10 lakh shares).
#WELCORP : Company received multiple orders of approximately 147 KMT valuing close to Rs 1,400 crore. With these orders, total order book stands at 755 KMT valued at approximately Rs 6,300 crore.
Wabag inks agreement with ADB to raise Rs 200 cr through NCD
The disposal of wastewater without proper treatment has put significant pressure on India's already scarce water resources and the quality of those resources, ADB Private Sector Operations Department Director General Suzanne Gaboury said.
Govt-owned WAPCOS Files Draft Papers for Public Issue
The company engaged in engineering consultancy services and construction has ongoing projects in 30 countries. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and VA Tech Wabag.
WAPCOS files DRHP with Sebi for IPO; govt to sell 3.25 crore shares
WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech Wabag.
VA Tech Wabag Q1 Results: Firm reports net profit at Rs 25.44 crore
"It is extremely heartening that our Strategy of focusing on industrial, international and cash accretive projects has been reaping the desired benefits. We have been consistently improving our operating margins through execution efficiencies," company Chairman, Managing Director and Group CEO, Rajiv Mittal said.
Will VA Tech Wabag’s margins go up from here? Rajneesh Chopra answers
“We are quite hopeful that going forward, we will exhibit profitable growth. What I intend to say by profitable growth is that our bottom line, the margins will grow better than the top line. The change in the international and domestic order book in the engineering procurement orders is something which is resulting in better margins for us. ”
Market movers: A Jhunjhunwala owned company gets big order from Russia; RHI Magnesita spikes 10%
The projects scope includes design, engineering and supply, installation, pre-commissioning, commissioning and start-up of the plant and is to be completed in 15 months. The project will employ softening, ultrafiltration and reverse osmosis technologies to treat brine water which will be reused as process water in the facility.
This Jhunjhunwala stock rallies 15% as Nomura raises target price
The Japanese research firm maintained a 'buy' rating on the stock while increasing the target to Rs 634 per share, which shows an upside of about 115 per cent from Tuesday's closing price of Rs 295.55.
Stocks in the news: HUL, Bajaj Auto, HCL Tech, PTC India, Vedanta and PFC
HUL, Asian Paints, Bajaj Finserv, Havells, Bajaj Holdings, Mphasis, Biocon, CCI, Persistent Systems, Hatsun Agro and Bank of Maharashtra are among the companies that will announce their December quarter results today.
Market giving you jitters? This ESG play may help you ride out difficult times
Nomura India — which recently came out with an extremely bullish report on Va Tech Wabag — says its order book and execution outlook look quite robust. The growing ESG-related water capex will also benefit the company in the long run.
Stocks in the news: PB Fintech, Sigachi, Yes Bank, ONGC, Nykaa and Vodafone
Rajesh Exports, Tinplate Company of India, Jai Balaji Industries, East India Securities, Prabhat Technologies Inida, PG Foils and Aditya Birla Money are among the companies that will announce their September quarter results today.
Wabag secures order in Malaysia for Petronas Refinery and Petrochemical Corporation
“This order was secured based on our technological pre-qualifications with PETRONAS. This order further consolidates our position as a pure-play water technology player in the Oil & Gas segment and in South East Asian market," S Natrajan, S&M Head – India Cluster - Va Tech Wabag said in a statement.
Nifty Profit Makers Service:- Reports, news, views and ideas- Intra day stock trading calls- Derivatives trading ideas- Positional and investment stock ideasDisclaimer: All the calls are for educational purposes only. Please do your own due diligence