Va Tech Wabag

I think WABAG is candidate for Re rating.

Rationale :
1.They have learned lesson from 2016-2017 performance and started implmenting those learning
2. Last 2-3 years Management has changed the approach and their results are stable Net Positive Cash flow
3. Their IPs & Global ranking has increased (Technology driven business)
4. Low PE -12-13 PE & Recently Management commentrary & their execution seems in line (based on last 2 qtr call)
5. Recent Win of 4400 Cr is stepping stone deal (Order back log is approx 15000 cr)

I think these factors will be valued by market and seems strong candidate for Re rating.

Note: I am Invested in the stock and accumalating it(recently past) so my views can be bised.