Va Tech Wabag Ltd

Carries a historic high order book of more than ₹13,200 crore

We zoom in on the prospects of Tata Consultancy Services (TCS), and also the prospects of two other stocks — Data Patterns (India) and VA Tech Wabag

The stock currently trades at about 11.4 times its one-year forward earnings (Bloomberg estimates), which is in line with its historical five-year average P/E of 11 times

According to Va Tech Wabag, the project will be the largest desalination plant in the South East Asian Region

The scope of the project includes design, engineering, supply, construction, installation and commissioning of the plant followed by operation and maintenance for 60 months

The move is part of the business strategy to optimise Va Tech Wabag’s structure and its strategic focus to reduce the company’s exposure to European geographies

Consolidated revenue from operations was lower at ₹652 crore

Profit before exceptional items and tax stood at ₹39.15 crore

The new EPC order includes design, engineering, procurement, supply, construction, erection, pre-commissioning, commissioning and performance guarantee test run of the seawater reverse osmosis plant

The project is to be executed by WABAG in consortium with Toyota Tsusho Corporation, Japan and Eiffage Génie Civil, France

Scheduled to be completed over 15 months

Consolidated PAT for FY22 up 209 per cent y-o-y at ₹132 crore