The report says Wabag reported 19.9% YoY revenue growth and 37.3% YoY EBITDA growth in Q2FY27, with a record order book of Rs 20,207 crore providing strong revenue visibility, and recommends BUY with a target price of Rs 2,525 based on 25x FY28E EPS.
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2 notes from ICICI Direct · since 11 Oct 2026, 00:37 IST
The report states that JSL reported healthy Q2FY27 performance with consolidated topline up 43% YoY to ₹16,679 crore and PAT up 21% YoY to ₹771 crore, and maintains a BUY rating with a target price of ₹1,220 based on 9x FY28E EV/EBITDA, citing capacity-led volume expansion, richer product mix, cost optimisation and low leverage as support.
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