VA Tech Wabag - Leader Bouncing Back: Yes Securities Initiates Coverage
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Yes Securities Report
VA Tech Wabag Ltd. is one of the leading multinational companies into water and wastewater treatment space, largely focused on providing engineering, procurement and construction and operation and maintenance solutions across the globe.
Its vast project design, execution and operation experience, superior proprietary technology to provide customised solutions and professional management team with proven competence have enabled it to command a healthy market share in water, sewage and waste management segments.
Given the growing attention of the government and multi‐ lateral funding agencies towards an escalating water shortage crisis, the water treatment sector is well poised for a secular, long‐term growth. In our view, VA Tech Wabag’s robust order book thriving on strong market leadership, execution ramp up, operational efficiencies would help it capitalise on the forthcoming opportunities.
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