Stock Fundamentals

VA Tech: Buoyed by orders

Seetharaman R | Updated on January 20, 2018 Published on March 27, 2016

The stock of water management company VA Tech Wabag gained nearly 1.4 per cent last week. New order wins took the company’s order inflow to over ₹5,000 crore in 2015-16, the highest ever order inflow for the company.

VA Tech continues to increase its order flow from international projects — these account for 48 per cent of the total order book as on December 2015. Besides India, the company has presence in West Asia, Europe, South America, Africa and South-East Asia. In 2015-16, the major projects won include the ₹1,500-crore effluent treatment plant from Petronas in Malaysia and the ₹580-crore Al Madina Al Shamaliya Sewage Treatment Plant in Bahrain. Construction of the Polgahawela water treatment plant in Sri Lanka ($108 million) is the latest order win. About 62 per cent of the order book, as of December 2015, comes from domestic and international government projects. The Centre’s focus on schemes such as Clean Ganga and Smart Cities should translate into higher order flows.

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