11 Water Sector Stocks: Key Players in a Growing Market

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11 Water Sector Stocks, What are the key players in this growing market

11 Water Sector Stocks: The water sector is gaining increasing attention from investors as global water scarcity and the urgent need for sustainable water management solutions become more pressing. The companies within this sector are involved in a wide range of activities such as water infrastructure, treatment, equipment, and pumps, all critical in addressing these challenges. As awareness about the importance of water conservation grows, investing in the water sector is proving to be a strategic choice for many.

This article highlights the top 11 companies within the Indian water sector that have not only been performing well but are also poised for future growth. Let’s delve into the key players and explore their market position, financial metrics, and investment potential.

Leading Players in Water Infrastructure

Welspun Corp Ltd.
- Current Price: Rs 543.00
- Market Cap: Rs 14,207.21 Crore
- OPM: 9.00%
- YoY Sales Growth: 77.69%
- YoY Profit Growth: 656.19%
- Return Over 1 Year: 97.30%
Welspun Corp is a dominant player in the pipe solutions sector, offering a comprehensive range of products, including ductile iron and stainless steel pipes, as well as water storage tanks. The company is well-positioned to benefit from both domestic and international growth opportunities, particularly in sectors such as Oil & Gas, Water, and Infrastructure. With a strong order book and a remarkable growth trajectory, Welspun Corp is a reliable stock for long-term investors.
Ion Exchange Ltd.
- Current Price: Rs 519.50
- Market Cap: Rs 7,619.34 Crore
- OPM: 11.58%
- YoY Sales Growth: 18.01%
- YoY Profit Growth: 0.09%
- Return Over 1 Year: 27.59%
Ion Exchange operates in the Water Engineering, Procurement, and Construction (EPC) sector, with a strong global presence. It has established significant demand for its services from international markets, boasting an impressive order book and a diverse client base that includes giants like Reliance, Tata Group, and L&T. Despite modest profit growth, the company’s robust international expansion makes it a solid choice for investors seeking stability.
Va Tech Wabag Ltd.
- Current Price: Rs 1,110.35
- Market Cap: Rs 6,908.40 Crore
- OPM: 12.82%
- YoY Sales Growth: -3.52%
- YoY Profit Growth: 407.54%
- Return Over 1 Year: 128.11%
Va Tech Wabag is India’s largest water infrastructure company, specializing in water treatment and desalination projects. The company has a diverse order book, with both EPC and Operations & Maintenance (O&M) segments contributing to its growth. Its ability to secure large-scale projects, particularly in the global desalination market, ensures that Va Tech Wabag will remain a leader in the sector.
Shakti Pumps Ltd.
- Current Price: Rs 2,590.00
- Market Cap: Rs 5,202.11 Crore
- OPM: 16.40%
- YoY Sales Growth: 41.65%
- YoY Profit Growth: 487.28%
- Return Over 1 Year: 326.57%
Known for its expertise in pumps, motors, and controllers, Shakti Pumps is a leader in the solar pump market, with a 26% market share. Its impressive growth figures, along with a strong order book, position it as a key player in the water management industry. The company’s expansion into international markets and its recent successful fundraising efforts further boost its growth prospects.

Water Treatment and Equipment Specialists

Jash Engineering Ltd.
- Current Price: Rs 2,371.15
- Market Cap: Rs 2,934.66 Crore
- OPM: 25.69%
- YoY Sales Growth: 47.41%
- YoY Profit Growth: 41.79%
- Return Over 1 Year: 106.41%
Jash Engineering specializes in water treatment equipment and has made significant strides in the market. With an impressive order book and a solid capex plan for future growth, the company’s focus on innovation ensures it will continue to thrive in the competitive water treatment sector.
Taylormade Renewables Ltd.
- Current Price: Rs 469.20
- Market Cap: Rs 520.48 Crore
- OPM: 16.64%
- Return Over 1 Year: 39.72%
Taylormade Renewables is renowned for its membrane technology that safely evaporates hazardous wastewater using solar energy. The company is also developing solutions for treated input water aimed at sectors like green hydrogen production and the semiconductor industry. These innovative technologies position Taylormade Renewables as a growth stock for future investors.

Other Notable Players

Roto Pumps Ltd.
- Current Price: Rs 476.60
- Market Cap: Rs 1,498.47 Crore
- OPM: 23.88%
- YoY Sales Growth: 21.58%
- YoY Profit Growth: 17.95%
- Return Over 1 Year: 36.64%
Specializing in progressive cavity pumps, Roto Pumps has successfully penetrated international markets, with over 275,000 pumps installed globally. With plans to expand into the solar pumping sector, Roto Pumps is set for future growth.
EMS Ltd.
- Current Price: Rs 529.45
- Market Cap: Rs 2,940.14 Crore
- OPM: 19.14%
- YoY Sales Growth: 28.28%
- YoY Profit Growth: 29.20%
- Return Over 1 Year: 87.41%
EMS Ltd. is making impressive strides in the Water EPC sector, with significant order inflows and a substantial order book. The company’s growth potential remains strong, with ambitious targets for future revenue.
SPML Infra Ltd.
- Current Price: Rs 156.45
- Market Cap: Rs 766.99 Crore
- OPM: 1.01%
- YoY Sales Growth: 49.35%
- YoY Profit Growth: -738.24%
- Return Over 1 Year: 315.72%
Despite some challenges with profitability, SPML Infra has executed numerous successful projects and is poised for growth with a strong order book and major clients in the public sector.
Felix Industries Ltd.
- Current Price: Rs 425.40
- Market Cap: Rs 529.32 Crore
- OPM: 34.33%
- YoY Sales Growth: 136.99%
- YoY Profit Growth: 438.58%
- Return Over 1 Year: 339.87%
Felix Industries stands out for its water reclamation solutions and e-waste recycling, offering significant potential for future growth in water treatment and environmental sectors.
Atam Valves Ltd.
- Current Price: Rs 211.00
- Market Cap: Rs 241.88 Crore
- OPM: 18.61%
- YoY Sales Growth: 7.33%
- YoY Profit Growth: -22.37%
- Return Over 1 Year: 4.10%
Atam Valves focuses on valves for water treatment systems, maintaining healthy margins and a steady order book. While profitability has been challenged, its growth potential remains evident in the long term.

Financial Ratios Overview

Name	Current Price (Rs)	Market Cap (Rs Crore)	OPM	YoY Sales Growth	YoY Profit Growth	Return Over 1 Year
Welspun Corp	543.00	14,207.21	9.00%	77.69%	656.19%	97.30%
Ion Exchange	519.50	7,619.34	11.58%	18.01%	0.09%	27.59%
Va Tech Wabag	1,110.35	6,908.40	12.82%	-3.52%	407.54%	128.11%
Shakti Pumps	2,590.00	5,202.11	16.40%	41.65%	487.28%	326.57%
EMS	529.45	2,940.14	19.14%	28.28%	29.20%	87.41%
Jash Engineering	2,371.15	2,934.66	25.69%	47.41%	41.79%	106.41%
Roto Pumps	476.60	1,498.47	23.88%	21.58%	17.95%	36.64%
SPML Infra	156.45	766.99	1.01%	49.35%	-738.24%	315.72%
Felix Industries	425.40	529.32	34.33%	136.99%	438.58%	339.87%
Taylormade Renewables	469.20	520.48	16.64%	–	–	39.72%
Atam Valves	211.00	241.88	18.61%	7.33%	-22.37%	4.10%

Conclusion: Investment Considerations in the Water Sector

The water sector is ripe with investment opportunities as companies work towards addressing global water scarcity and improving sustainable water management. Whether you’re interested in companies specializing in water infrastructure, treatment, or equipment, the financial health and growth potential of the key players in this sector make it a valuable space for long-term investments. From strong operating margins to impressive sales and profit growth, these companies are set to continue their upward trajectory as they meet the increasing demand for water management solutions.

With the focus on innovation and sustainability, investors have the potential to gain from these water sector stocks in the years ahead.

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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.