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Va Tech Wabag: Back in the reckoning

The stock valuation of Va Tech Wabag is quite attractive, considering the strong revenue visibility and turnaround in the business

December 31, 2020 / 12:00 PM IST
Va Tech Wabag: Back in the reckoning

Image: wikimedia commons

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

 Highlights - Entry of marquee investor lends more confidence - Improving execution, higher utilisation lift earnings - Strong order book provides good revenue visibility - Lower debt, control over working capital and fund raising strengthen balance sheet - Stock trading attractively at 8 times fiscal 2022 estimated earnings Among the stocks where Rakesh Jhunjhunwala has increased his stake significantly by the end of September quarter, Va Tech Wabag is on the top. The ace investor holds more than 8 percent stake in the company. Va Tech Wabag,...

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