3 Water Management Stocks With Order Book of Up to ₹14,300 Cr to Add to Your Watchlist
Management Stocks : India’s water infrastructure sector is undergoing a massive transformation, powered by rapid urbanization, increasing demand for clean water, and robust policy initiatives. With government-backed programs like the Jal Jeevan Mission, AMRUT 2.0, and the Smart Cities Mission, the investment in water and wastewater infrastructure is poised to reach $122 billion by 2030.
This surge in investment has opened up massive opportunities for companies involved in water treatment, irrigation, and wastewater management. If you’re a stock market investor looking to benefit from this booming sector, here are three water management stocks with strong order books and potential upside you should add to your watchlist.
🚰 1. VA Tech Wabag Ltd – Order Book: ₹14,300 Cr
VA Tech Wabag Ltd is one of the leading names in the Indian and global water treatment space. As of March 2025, the company boasts an order book of ₹14,300 crore, making it a top player in this niche infrastructure segment.
What’s more promising is its position as a preferred bidder for contracts worth another ₹2,000–2,500 crore, which are currently under evaluation. These contracts are expected to be finalized in the coming months, adding more visibility to its revenue pipeline.
In a recent investor call, the management confirmed that a ₹360 crore order is already included in the preferred bidder list, and the rest are in final stages. With such a strong backlog and visibility, VA Tech Wabag stands as a fundamentally sound pick in the water infrastructure sector.
💧 2. EMS Ltd – Order Book: ₹2,345 Cr + ₹6,470 Cr Project Pipeline
EMS Ltd has gained attention for its execution capabilities in water and wastewater treatment projects. As of now, the company holds an unexecuted order book of ₹2,345 crore, which includes ₹170 crore worth of O&M (Operation & Maintenance) contracts—providing steady recurring revenues.
Moreover, EMS is actively pursuing a project pipeline of ₹6,470 crore, indicating a strong growth trajectory. If it succeeds in converting even a fraction of this pipeline, the company’s financials could see a significant boost.
EMS Ltd offers a balanced mix of EPC and O&M contracts, which makes it a compelling mid-cap bet for long-term investors.
🌊 3. KNR Constructions Ltd – Order Book: ₹3,888.4 Cr (Irrigation & Pipeline Focus)
Although widely known for its road projects, KNR Constructions Ltd is emerging as a serious contender in the water infrastructure segment. As of December 31, 2024, the company had a total EPC order book of ₹3,888.4 crore, out of which ₹2,092.9 crore is from irrigation and pipeline projects.
The company recently bagged two key irrigation contracts under the Sitarama Lift Irrigation Scheme (SRLIP) in Telangana, worth ₹429 crore combined. This marks KNR’s intent to expand deeper into the water management space.
KNR’s diversification into irrigation and pipeline infrastructure gives it a strong edge as India’s water needs and agriculture-based irrigation investments grow.
🏭 Bonus Pick: Enviro Infra Engineers Ltd – Order Book: ₹1,687 Cr + ₹738 Cr in O&M
Enviro Infra Engineers is an emerging player in the wastewater and sewerage treatment space. With an EPC order book of ₹1,687 crore and an additional O&M order book of ₹738 crore, the company has carved out a niche for itself in both project execution and long-term infrastructure services.
Its current projects include:
- ₹855 crore in wastewater treatment plants,
- ₹439 crore in HAM-based WWTPs,
- ₹392 crore in water supply and sewerage projects.
Enviro’s diverse portfolio reflects a strategic blend of infrastructure development and operational continuity—ideal for investors looking at both growth and stability.
📊 Financial Comparison Table
| Company | Market Cap (₹ Cr) | Order Book (₹ Cr) | O&M Orders (₹ Cr) | Share Price (₹) | Sector Focus |
|---|---|---|---|---|---|
| VA Tech Wabag Ltd | 8,867 | 14,300 | – | 1,425.00 | Water Treatment, Wastewater |
| EMS Ltd | 3,532 | 2,345 | 170 | 643.00 | EPC & O&M – Water & Wastewater |
| KNR Constructions Ltd | 6,610 | 3,888.4 | – | 234.90 | Irrigation, Pipeline, Roads |
| Enviro Infra Engineers Ltd | 3,781 | 1,687 | 738 | 216.00 | Wastewater, Sewerage, EPC + O&M |
🔍 Key Takeaways
- Government support through Jal Jeevan Mission and AMRUT 2.0 is unlocking multi-billion dollar opportunities.
- VA Tech Wabag leads with the largest order book and a promising pipeline.
- EMS Ltd and Enviro Infra offer growth potential via O&M revenues.
- KNR Constructions is strategically diversifying into irrigation and water pipeline projects.
❓ Frequently Asked Questions (FAQs)
Q1: Why are water management stocks gaining investor interest?
A: Water management stocks are seeing increased demand due to massive government initiatives like the Jal Jeevan Mission and AMRUT 2.0, which are driving large-scale infrastructure projects across the country.
Q2: Which company has the largest order book among the listed players?
A: VA Tech Wabag Ltd has the largest order book valued at ₹14,300 crore as of March 2025, with more contracts worth ₹2,000–2,500 crore under evaluation.
Q3: What makes EMS Ltd an attractive investment?
A: EMS Ltd not only has a solid ₹2,345 crore order book but is also pursuing a ₹6,470 crore project pipeline. It also has recurring revenue from ₹170 crore worth of O&M contracts.
Q4: How is KNR Constructions Ltd contributing to the water sector?
A: KNR Constructions is expanding beyond roads into irrigation and water pipeline projects, holding ₹2,092.9 crore worth of irrigation orders within its ₹3,888 crore EPC backlog.
Q5: What is the unique strength of Enviro Infra Engineers Ltd?
A: Enviro Infra has a well-balanced portfolio across wastewater EPC and O&M services, with a combined order book of over ₹2,400 crore, reflecting both execution capability and service continuity.
Conclusion:
As India accelerates its mission to deliver clean and accessible water, these water management companies are positioned at the heart of this transformation. With solid order books, diversified portfolios, and government backing, VA Tech Wabag, EMS Ltd, KNR Constructions, and Enviro Infra Engineers are top picks for investors seeking exposure to a high-growth, high-impact sector. Keep them on your radar!
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