Rs 13,667 crore order book: Rakesh Jhunjhunwala’s Portfolio Company Share Price Jumps 4.5% After Winning Rs 2,332 Crore Saudi Desalination Project

DSIJ Intelligence-2 / 24 Jul 2025/ Categories: Mindshare, Multibaggers, Trending

Rs 13,667 crore order book: Rakesh Jhunjhunwala’s Portfolio Company Share Price Jumps 4.5% After Winning Rs 2,332 Crore Saudi Desalination Project

Over the past five years, the stock has delivered multibagger returns of 1,379 per cent, making it a notable performer in the mid-cap segment.

VA Tech Wabag Limited saw its share price rise over 4.5 per cent in Thursday’s trade after securing a Letter of Award from the Saudi Water Authority for a 300 Million Litres per Day (MLD) Sea Water Reverse Osmosis (SWRO) Mega Desalination Plant in Yanbu, Saudi Arabia. The contract is valued at approximately USD 272 million, equivalent to SAR 1,019 million or Rs 2,332 crore.

The project covers the design, engineering, supply, construction, and commissioning of a greenfield desalination facility on the Kingdom’s west coast. Contracting formalities are underway, and the execution period is set at 30 months from the effective date. This project supports the objectives of Saudi Vision 2030 and strengthens Wabag’s global presence in the desalination sector.

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For FY25, VA Tech Wabag reported an order book of Rs 13,666.7 crore, marking a 19 per cent growth year-on-year. Revenue for the fiscal year stood at Rs 3,294 crore, an increase of 15.3 per cent, while EBITDA rose 14.2 per cent to Rs 430.2 crore. Net profit (PAT) advanced 20.2 per cent to Rs 295.3 crore.

In Q4 FY25, revenue climbed 23.8 per cent year-on-year to Rs 1,156.2 crore, supported by a 21.9 per cent rise in EBITDA to Rs 140.8 crore. Quarterly PAT rose 37.4 per cent to Rs 99.5 crore.

As of 10:41 a.m. IST, VA Tech Wabag’s share price was trading at Rs 1,608.70, up by 1.04 per cent after touching an intraday high with a 4.5 per cent surge. Year-to-date, the stock has returned 9.80 per cent, with a gain of over 87 per cent in the last 12 months. Over the past five years, the stock has delivered multibagger returns of 1,379 per cent, making it a notable performer in the mid-cap segment.

A renowned investor, Rekha Jhunjhunwala (wife of Late Rakesh Jhunjhunwala), held an 8.04 per cent stake in the company.

Indian equity benchmarks traded lower in early Thursday trade, with the Nifty 50 down 0.17 per cent at 25,179.65 and the BSE Sensex slipping 0.2 per cent to 82,559.8. Sectoral indices were mostly in the red, with the IT index leading losses at 1.7 per cent due to demand uncertainty, offsetting optimism around a potential free-trade agreement with the UK.

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