The next VA Tech Wabag? This smallcap’s Rs 6,700 cr order book is only the start
- Posted on September 30, 2026
- By Financial Express
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- 1 min read
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The next VA Tech Wabag? This smallcap’s Rs 6,700 cr order book is only the start
This company is trying to turn its water and wastewater business into a broader environmental infrastructure platform. Its order book has more than doubled to around Rs 6,700 crore in a year, while renewable energy and battery storage contributed 29% of Q1 FY27 revenue. With FY27 revenue targeted at around Rs 2,000 crore, the opportunity is significant, but so are the questions around margins, working capital and cash generation as the business gets larger.
