Rs 12,500 crore order book: Rekha Rakesh Jhunjhunwala's portfolio multibagger stock reports a 110 per cent jump in net profit!

The stock gave multibagger returns of 108 per cent in just 1 year whereas BSE Sensex Index is up by 10 per cent.

VA Tech Wabag Ltd., a multinational company that specializes in water supply and management projects and services, announced its Quarterly Results ended June 30, 2023. Details below:

Consolidated Quarterly Results (Q1FY24):

• Net sales stood at Rs 552.80 crore, down 12.49 per cent compared to Q1FY23.
• Operating stood at Rs 91.30 crore, up 42.43 per cent compared to Q1FY23.
• Profit before tax stood at Rs 7.71 crore, up 88.40 per cent compared to Q1FY23. 
• Profit After Tax of Rs 59.40 crore, up 110.64 per cent compared to Q1FY23. 
• The EPS for Q1FY24 is Rs 8.06
• The order book stands at Rs 12,500 crore as of June 30, 2023 with order inflows of over Rs 7,500 crore in Q1FY24.

Va Tech Wabag Ltd is engaged in the business of water treatment field. Its principal activities include the design, supply, installation, construction and operational management of drinking water, wastewater treatment, industrial water treatment and desalination plants. Va Tech Wabag is a Small-Cap company with a market capitalisation of Rs 3,163 crore.
As of June 2023, Rekha R Jhunjhunwala, wife of the Late Rakesh Jhunjhunwala, possesses an 8.04 per cent ownership share in the firm. Furthermore, she holds the largest portion of company shares among public shareholders.

On Friday, shares of the company plunged 1.70 per cent to Rs 508.60 per share with an intraday high of Rs 515.55 and an intraday low of Rs 501.80. The shares of the company have a PE of 11.1x whereas the industry PE is 32.2x.

The stock gave multibagger returns of 108 per cent in just 1 year whereas BSE Sensex Index is up by 10 per cent. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.