WABAG

Technical Outlook (Weekly Chart + Indicators) Technical indicators show a neutral-to-bearish bias, with moving averages signaling caution reports a combination of “Strong Sell” across multiple time frames. Recent chart action suggests a descending trendline breakout, a potentially bullish setup if sustained above ₹1,526. Resistance lies near ₹1,644–₹1,736; support levels range from ₹1,412 to ₹1,272. Technical strength (Neutral) is rated at around 53/100; RSI is moderate (46), suggesting balanced momentum. Fundamental Overview WABAG ended FY25 with an order book of ₹13,667 crore, up ~21% YoY. EPC constitutes 57%, with a growing O&M segment (39%). Revenue rose 15% to ₹3,294 crore; EBITDA margins remain stable around 12.8%–13%, while PAT improved to ₹295 crore. The company is net cash positive (₹706 crore) and targets 15–20% revenue CAGR over the next 3–5 years, with EBITDA margins of 13–15% and return ratios (ROCE >20%, ROE >15%). Motilal Oswal values WABAG at ₹1,900, citing strong FCF and execution clarity. Conclusion WABAG combines structural strength and financial stability with a robust growth outlook. While technical signals are currently neutral to cautious, the outlook remains constructive—especially if the stock sustains above key resistance (₹1,526). Solid order book growth, cash flow visibility, and global tailwinds underpin its long-term potential. Positive earnings surprise around 12 August could catalyse a move toward the ₹1,900–₹2,000 range over the medium term.