10 Indian Stocks for Water Treatment in 2024

Water waste management is a critical sector in India, given the country's growing need for sustainable water solutions due to its vast population and industrial growth. Here are 10 stocks in the water waste management sector that you might consider for investment.

Note: All data is as of Feb 2024.

Insights into the Water Treatment Sector

1. Thermax Ltd

Thermax Ltd. offers a comprehensive range of water treatment solutions to industries and municipal corporations including water treatment, wastewater treatment, recycling, and more.

• Market Cap: ₹39,028 Cr
• P/E: 71.5
• Current Market Price (CMP): ₹3,275
• EV/EBITDA: 40.8
• Return on Capital Employed (ROCE): 15.1%
• Operating Margin (OPM): 8.15%
• Sales Growth (3Years): 12.2%

2. Ion Exchange (India) Ltd

This company is involved in a variety of water treatment processes offering solutions across the entire water cycle.

• Market Cap: ₹7,064 Cr
• P/E: 34.6
• CMP: ₹482
• EV/EBITDA: 20.6
• ROCE: 33.8%
• OPM: 12.9%
• Sales Growth (3Years): 10.4%

3. Welspun Enterprises Ltd

Engaged in large water infrastructure projects, Welspun is addressing major water supply concerns across various Indian locales.

• Market Cap: ₹4,862 Cr
• P/E: 13.9
• CMP: ₹351
• EV/EBITDA: 8.45
• ROCE: 9.99%
• OPM: 14.1%
• Sales Growth (3Years): 15.1%

4. Fineotex Chemical Ltd

This firm focuses on producing chemicals used among other things, in water treatment processes.

• Market Cap: ₹4,323 Cr
• P/E: 41.1
• CMP: ₹390
• EV/EBITDA: 30
• ROCE: 36.5%
• OPM: 25%
• Sales Growth (3Years): 38.1%

5. Va Tech Wabag Ltd

Specializing in comprehensive water treatment services, Va Tech Wabag is a key player in the Indian market.

• Market Cap: ₹4,137 Cr
• P/E: 13.7
• CMP: ₹665
• EV/EBITDA: 10.1
• ROCE: 19.5%
• OPM: 12.2%
• Sales Growth (3Years): 5%

6. Vishnu Prakash R Punglia Ltd

With over three decades in the water project construction space, this company offers extensive experience.

• Market Cap: ₹2,277 Cr
• P/E: 24.4
• CMP: ₹183
• EV/EBITDA: 13.9
• ROCE: 33.9%
• OPM: 13.3%
• Sales Growth (3Years): 46.4%

7. EMS Ltd

EMS Ltd. offers turnkey solutions for water and waste management, prioritizing sustainability in its operations.

• Market Cap: ₹3,082 Cr
• P/E: 28.7
• CMP: ₹555
• EV/EBITDA: 19
• ROCE: 32.7%
• OPM: 27.7%
• Sales Growth (3Years): 18.2%

8. Jash Engineering Ltd

This company focuses on the engineering and manufacture of crucial water management equipment.

• Market Cap: ₹2,031 Cr
• P/E: 33.3
• CMP: ₹1,688
• EV/EBITDA: 22.7
• ROCE: 22.5%
• OPM: 17.4%
• Sales Growth (3Years): 13.1%

9. Taylormade Renewables Ltd

Innovating in water treatment with their TRL-RAIN technology, Taylormade Renewables is a company to watch.

• Market Cap: ₹747 Cr
• P/E: 75.1
• CMP: ₹680
• EV/EBITDA: 59
• ROCE: 13.7%
• OPM: 33%
• Sales Growth (3Years): 78.3%

10. Felix Industries Ltd

Felix Industries takes a comprehensive approach to water cycle management, from production to recycling.

• Market Cap: ₹422 Cr
• P/E: 317
• CMP: ₹339
• EV/EBITDA: 169
• ROCE: 15.7%
• OPM: 10%
• Sales Growth (3Years): 118%

These companies not only contribute to environmental sustainability but also offer potential growth for investors in the expanding field of water waste management in India.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as investment advice. Please conduct thorough research or consult with a financial advisor before making any investment decisions.