Best Water Stocks in India for July 2026: Va Tech Wabag, Urban Enviro Waste, and Others

India's water sector is emerging as a key investment theme, driven by rising government spending on water infrastructure, urbanisation, industrial demand, and increasing focus on sustainable water management. Companies involved in water treatment, desalination, irrigation, and wastewater recycling are expected to benefit from these long-term structural trends.
Best Water Stocks in India Based on ROCE and PB Ratio
| Company | Market Cap (₹ Cr) | ROCE (%) | PB Ratio |
| Va Tech Wabag Ltd | 12,987.25 | 20.44 | 6.05 |
| Denta Water and Infra Solutions Ltd | 874.16 | 20.24 | 2.14 |
| Felix Industries Ltd | 313.41 | 28.13 | 3.28 |
| Enviro Infra Engineers Ltd | 3,891.85 | 25.96 | 3.92 |
| Indian Hume Pipe Company Ltd | 1,724.01 | 16.17 | 1.25 |
Overview of Best Water Stocks in India for July 2026
Va Tech Wabag
It is India's leading pure-play water technology company, providing EPC and O&M services for drinking water, wastewater treatment, desalination, and water recycling projects. The company has a strong global presence across more than 25 countries and benefits from rising investments in water infrastructure. The stock has delivered a 46.59% return over the past one year and 58.36% over the last six months, reflecting strong investor confidence.
Denta Water and Infra Solutions
It focuses on groundwater recharge, lift irrigation, water supply, and EPC projects, primarily for government clients. The company is well-positioned to benefit from India's growing investments in water security and irrigation infrastructure. Its shares have gained 12.22% over the past one year.
Felix Industries
It specialises in wastewater treatment, water recycling, and resource recovery solutions that help industries reuse water and recover valuable resources. Its business aligns with the growing demand for sustainable water management. The stock has generated a 6.46% return over the past one year and a 6.93% gain over the last six months.
Enviro Infra Engineers
It designs, builds, operates, and maintains water and wastewater treatment plants and water supply projects. It has also expanded into renewable energy EPC, strengthening its infrastructure portfolio. The stock has declined 8.81% over the past one year but remains up 8.96% over the last six months, indicating improving momentum.
Indian Hume Pipe Company
It is one of India's oldest water infrastructure companies, engaged in manufacturing pipes and executing water supply, irrigation, and sewerage projects. Its long operating history and government-focused order book support its business. The stock has fallen 26.51% over the past one year.
Conclusion
India's growing focus on water conservation, treatment, and infrastructure development is creating long-term opportunities for companies operating in the sector. Investors with a demat account should evaluate their financial performance, order books, and valuations before making any investment decisions. As always, investment decisions should align with your financial goals and risk appetite.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 4, 2026, 9:00 AM IST

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