VA Tech Wabag: Motilal Oswal Financial Services maintains Buy on VA Tech Wabag with ₹1,900 TP, citing strong order inflows including a ₹10bn Chennai TTRO refurbishment contract, a ₹163bn order book (~5x FY25 revenue) with ₹30bn preferred bids and ₹150–200bn pipeline, supporting ~15–20% revenue growth and FY25–28 CAGR of 17%/22%/23% (revenue/EBITDA/PAT), alongside strong FCF, net cash (₹8.9bn) and improving return ratios.
VA Tech Wabag: Motilal Oswal Financial Services maintains Buy on VA Tech Wabag with ₹1,900 TP, citing strong order inflows including a ₹10bn Chennai TTRO refurbishment contract, a ₹163bn order book (~5x FY25 revenue) with ₹30bn preferred bids and ₹150–200bn pipeline, supporting ~15–20% revenue growth and FY25–28 CAGR of 17%/22%/23% (revenue/EBITDA/PAT), alongside strong FCF, net cash (₹8.9bn) and improving return ratios.