Five fastest growing water infra shares to notice in 2026

Copyright © HT Digital Streams Limit all rights reserved. EquityMaster 7 min Read 07 Oct 2025, 03:31 PM IT These five businesses in the water infrastructure ecosystem have seen the fastest growing in sales and profits. (Beeld: Pixabay) Summary These five businesses in the water infrastructure ecosystem have so far played their cards correctly and enjoy the winds of the standings. A few years ago, the government body Niti Aayog identified 21 major Indian cities as an immediate danger of running up the groundwater. About 55% of the rural population of India had water and 15% had household compounds from 2016. To address these challenges, the government took different measures and introduced many policies. The government’s ‘Nal’s Jal’ or ‘pipe water supply for all’ scheme efforts to provide a pipe water supply to all households by 2030. Apart from this, a number of other water infrastructure programs are underway, such as the Namami corridors for clearing India’s Holy River, Ganges, a project to bring about the interior, Pradhan Mantri Krishi Sanchai Yojna has boosted. etc. Each of these water infrastructure programs involves the use of water treatment systems, pipe systems, including the entire water information chain. With the industrial demand rising in the midst of stricter environmental norms, the stage is ready for companies involved in the water infra segment. In this editorial board we will look at the five fastest growing water infra shares in India. These companies have so far played their cards correctly and enjoy the wind of the wind, supported by policy, rising urban demand and increasing awareness around sustainability. #1 Felix Industries founded in 2012 offers Felix Industries Water and Environmental Solutions. It works in different sectors, including water treatment, e-waste management, pipe solutions and specialty chemicals. With a portfolio of more than 450 own technologies, including physics chemical, biological, membrane-based and hybrid treatments, it manages water over different applications such as drinking water, industrial processes, wastewater treatment and more. Felix Industries’ financial performance reflects its strong growth track. The net sales of the company have compiled 125% over the past 3 years at a 125% growth rate. The company has a strong order book with recurring turnover of £ 350m (m) from its plants, £ 560m for EPC orders, and about £ 220 m from Oman. The company expects its FY26 operating income to be £ 300-350 m and £ 500-600m against FY27. Felix Industries deliberately reform its income mix to the annuity of higher quality annuity and scale its Oman Carbonicon Waste Report Platform. #2 Enviro Infra Engineers Enviro Infra works in the wastewater management project and water supply projects. It constructs and operates projects, including drinking water treatment plants (WTPs), sewage treatment plants (STP), ordinary wastewater treatment plants (CETP), and industrial water recruitment projects. The customers contain Jal Nigam, municipalities, the Department of Public Works and Industrial Clients. With its finances, turnover increased by 45% to £ 10bn in FY25, powered by a strong execution of the order book. Net profit increased by 52% to £ 1.7bn. Roce was also an average of 3 years of 53.9%. Over the past 3 years, this has recorded a healthy sales and net profit of 76% and 72% respectively. Looking forward, the company predicts turnover in FY26 by more than 15%, and net profit is expected to grow by more than 24%. The total order book was around £ 20bn, offering the visibility of about 2 years. The company sees a large rear wind in the water sector, backed by government policy. It plans to take advantage of schemes such as Amrut 2.0, the Namami corridors program, the National River Conservation Plan and the National Plan for Conservation of Aquatic Ecosystems. The company also focuses on expanding its presence in Pan India to become a national player. Raising the project size to earn better margins is another growth strategy. #3 Jash Engineering Jash Engineering specializes in the manufacture and trading of a diverse range of engineering products. The company’s offer offers industries such as water and wastewater management, power generation and handling of bulk solids. The product portfolio encompasses water control gates, mechanized screening systems, mesh valves, Archimedes screw pumps and micro-hydrokop turbines. The company exports about 60% of its products. It has a geographical presence in Europe, the US, the Middle East and Southeast Asia. In 2025, it signed a joint venture with the invention of Germany to introduce secondary treatment equipment in India, including air conditioners and blowers. Two new manufacturing facilities are being developed in Chennai and Pithampur Sez, which is expected to increase revenue capacity to £ 10bn with FY28. The company’s order pipeline is strong. Jash Engineering’s involvement in important government initiatives positions it favorably to take advantage of the growing demand for water infrastructure development powered by the JJM. The company’s sales and net profits have come to its finances, grown by 26% and 39% for the past three years. Jash Engineering plans to expand his international presence, focusing on the US. It aims to triple its Indian income over the next decade, while relying on overseas orders, especially for water treatment and related projects such as desalination and wastewater management systems. The company will use its expertise in water treatment solutions, including wastewater management, stormwater pump stations and desalination plants to drive growth. #4 NCC Next on the list is NCC. NCC is a key player in India’s infrastructure development. The company works on sectors, including buildings, water pipelines, irrigation, transmission, power generation and transport. NCC serves entities such as the State Water and Sanitation Mission (Namami corridors and rural water supply department, Government of Uttar Pradesh), Hyderabad Metropolitan Water Supply & Sewerage Board (HMWSSB), Karnataka Urban Water Supply & Drainage Board, and Odisha Panchayat Raj & Drink Water Department, etc. CAGR of 26% and 21% respectively. In FY25, turnover increased by 6.6% to £ 223.5bn, while Pat grew 8.4% to £ 19.2bn. However, in the first quarter of FY26, turnover fell 6.3% to £ 52.1bn, and Pat rose 3.7% to £ 1.9bn. The reason for the slowdown is the big orders received at the end of March 2025. Revenue from new works is expected to begin from September. This will improve the growth rates. Looking forward, NCC’s order book stood at £ 700bn, offering revenue visibility of more than three years. The construction of the construction was 34%of the order book, followed by transport (26%), water and railways (6%), power (22%), mining (7%) and irrigation (5%). The company has a healthy project pipeline of around £ 2500bn with £ 220-250bn in FY26 £ 220-250bn. #5 Ion Exchange Last on the list is Ion Exchange. Ion Exchange (India) is a water management company that weakens engineering projects, specialty chemicals and consumer water solutions. It plays on both infrarives and annuity-linked segments, with clients ranging from NTPC and Tata Group to luxury hotels and global industrial majors. In the past 3 years, the company’s sales and net profit have grown at a CAGR of 21% and 9% respectively. In FY25, the consolidated turnover increased by 17%, but profit growth was more subdued. Ebitda grew by 8%, with margins falling slightly to 10.7%. The company’s engineering segment, which accounts for 61% of turnover, grew by 17%, but Ebit fell by 2.5% due to delays in major projects and tighter bids. From June 2025, the company reported a £ 27.6 billion engineering order book. This includes around £ 22.5bn in nuclear engineering projects, along with £ 3.8bn from the UP SWACHH JALSISING (SWSM) and £ 1.4bn of a hanging Sri Lanka contract. Looking forward, the new resin plant at Roha is expected to live in the first quarter of FY26, increasing the chemical capacity. Management remains selective on new engineering orders to protect margins. The roll -out of SAP is underway, which can affect the execution of the short term, but it should help long -term efficiency. Snapshot of the fastest growing water infra stocks Here is a table that shows businesses above different parameters on the equity master of EquityMaster. Conclusion with increased government spending on water infrastructure, the fastest growing shares in this sector are ready for significant growth. The five companies mentioned here are well positioned in this space. The need for sustainable water management solutions will only rise, ensuring a steady pipeline of projects and long -term income visibility for the businesses in this sector. For investors looking for growth opportunities with a strong support from the government, water infrastructure shares offer a compelling investment Avenue in the developing economy of India. However, before an investment is considered, it is of the utmost importance to analyze the fundamentals, growth prospects, corporate governance and valuations of these companies. Happy investment. Disclaimer: This article is for information purposes only. It is not a recommendation for stock and should not be treated as such. This article is syndicated from equitymaster.com, captures all business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #EquityMasters #Markets Premium Read Next Story