Explosive growth alert: Low PE multibagger stock with a Mcap of just Rs 2,600 crore unveils Rs 13,200 crore order book!

Impressively, the stock has delivered multibagger returns of 360 per cent in just three years, surpassing the BSE Sensex Index, which has risen by only 100 per cent.

Va Tech Wabag Ltd, a leading player in the water treatment field, has announced an impressive order book of Rs 13,200 crore, reflecting a growth of 31 per cent YoY. The company has also recorded orders intake worth Rs 6,800 crore in FY23.

According to the consolidated annual results, the company reported net revenue of Rs 2,960.48 crore in FY23. EBITDA stood at Rs 350 crore, marking a 43 per cent increase, while PAT stood at Rs 230 crore, exhibiting a substantial growth of 74 per cent compared to FY22. In Q4FY23, the net sales saw a 3.92 per cent increase to Rs 926.86 crore compared to Q4FY22.

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On Friday, shares of Va Tech Wabag Ltd experienced a slight dip of 0.13 per cent, settling at Rs 419 per share. Throughout the day, the stock reached an intraday high of Rs 427.95 and a low of Rs 389.15. The shares of the company saw a spurt in volume by more than 2.60 times.

Va Tech Wabag Ltd is actively engaged in various water treatment activities, including planning, delivery, installation, construction, and operation of drinking water, wastewater treatment plants, and industrial water treatment plants.

Currently, the company's shares are trading at a PE ratio of 9.20x, while the industry's PE multiple stands at 27.50x. Impressively, the stock has delivered multibagger returns of 360 per cent in just three years, surpassing the BSE Sensex Index, which has risen by only 100 per cent.

Investors are advised to keep a close watch on this stock for the upcoming trading sessions.