Water is Life, WPIL Powers the Flow.
With over 2 billion people living in water-stressed regions and only 0.3% of the Earth’s water fit for human consumption, the global water crisis is intensifying, making access to sustainable water infrastructure a global imperative. WPIL’s strategic focus on water-scarce geographies such as India is both timely and impactful. Leveraging its core expertise in fluid handling and a growing international footprint, WPIL is well-positioned to deliver critical infrastructure solutions across emerging and developed markets alike. Its emphasis on core water and industrial pumps, supported by recent strategic divestments, provides a solid foundation for both organic and inorganic growth across key global geographies.
We initiating buy with price target at INR 775.
Despite a marginal reduction in government budget allocation for FY26, WPIL maintains a well-diversified orderbook, positioning the company favorably for the year ahead. With a significant portion of existing 5 projects entering the final stages of execution, we anticipate strong revenue recognition and healthy margin expansion in the upcoming quarters. Factoring in the company’s operational resilience, improving profitability, and steady growth trajectory, we assign a valuation multiple of a modest 22x of its FY27E EPS to arrive at our target price.
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