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Darco Water Technologies Ltd.
(SGX:BLR)
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Rating:44Neutral
Price Target:
S$0.05
▼(-37.50% Downside)
Action:Reiterated
Date:09/26/26
The score is driven primarily by weak financial quality—ongoing losses and negative operating/free cash flow despite improving revenue—combined with bearish technicals (below major moving averages and negative MACD). Valuation contributes only modestly because the negative P/E mainly signals unprofitable operations, and there is no dividend yield data to offset risk.
Positive Factors
Revenue rebound
The TTM revenue rebound indicates renewed demand and improved business activity after weaker periods. If sustained, stronger top-line momentum can support operating leverage, broaden the company’s financial base, and provide a foundation for restoring profitability over the next several quarters.
Negative Factors
Persistent unprofitability
Losses across net income, EBIT, and EBITDA show that revenue growth is not yet translating into viable operating economics. The low gross margin leaves limited room for cost increases or execution slippage, making any recovery dependent on durable margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The TTM revenue rebound indicates renewed demand and improved business activity after weaker periods. If sustained, stronger top-line momentum can support operating leverage, broaden the company’s financial base, and provide a foundation for restoring profitability over the next several quarters.
Read all positive factors
Darco Water Technologies Ltd. (BLR) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$4.88M
Dividend YieldN/A
Average Volume (3M)9.26K
Price to Earnings (P/E)―
Beta (1Y)>-0.01
Revenue Growth-11.22%
EPS Growth-100.88%
CountrySG
Employees450
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.03
Shares Outstanding93,831,490
10 Day Avg. Volume19,580
30 Day Avg. Volume9,260
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.30
Price to Sales (P/S)0.14
P/FCF Ratio63.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Darco Water Technologies Ltd. Business Overview & Revenue Model
Company Description
Darco Water Technologies Limited, an investment holding entity headquartered in Singapore since its establishment in 1999, delivers extensive engineering and treatment solutions for water and wastewater. The company operates across multiple region...
Darco Water Technologies Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
61
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.72M | 51.41M | 59.14M | 70.25M | 77.70M | 54.55M |
| Gross Profit | 7.78M | 5.13M | 11.91M | 9.57M | 12.83M | 7.20M |
| EBITDA | -3.24M | -2.66M | 3.23M | -4.15M | 2.36M | -5.79M |
| Net Income | -3.20M | -4.85M | 1.01M | -5.42M | 813.00K | -6.45M |
Balance Sheet | ||||||
| Total Assets | 69.87M | 80.69M | 79.38M | 74.23M | 86.97M | 83.65M |
| Cash, Cash Equivalents and Short-Term Investments | 5.81M | 9.80M | 7.96M | 12.84M | 19.83M | 23.43M |
| Total Debt | 7.43M | 7.76M | 6.31M | 6.58M | 4.04M | 5.41M |
| Total Liabilities | 44.34M | 53.03M | 49.13M | 44.65M | 49.97M | 46.54M |
| Stockholders Equity | 25.18M | 24.41M | 29.38M | 28.12M | 34.64M | 34.80M |
Cash Flow | ||||||
| Free Cash Flow | -1.77M | 116.00K | -3.50M | -8.25M | -3.12M | 4.36M |
| Operating Cash Flow | -1.67M | 313.00K | -3.10M | -7.67M | -2.86M | 4.70M |
| Investing Cash Flow | 816.50K | 212.00K | -326.00K | -478.00K | -169.00K | -433.00K |
| Financing Cash Flow | -1.17M | 291.00K | -453.00K | 2.26M | 2.11M | 940.00K |
Darco Water Technologies Ltd. Technical Analysis
Negative
0.08
Price Trends
0.07
Negative
0.07
Negative
0.08
Negative
Market Momentum
>-0.01
Positive
<0.01
Positive
-15.02
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:BLR, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at <0.01 is Positive, neither overbought nor oversold. The STOCH value of -15.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:BLR.
Darco Water Technologies Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
SG:BLR
Darco Water Technologies Ltd.
0.05
-0.03
-35.00%
SG:1E3
Sanli Environmental Ltd.
0.12
-0.16
-57.86%
SG:5CT
Ecowise Holdings Limited
0.02
>-0.01
-8.70%
SG:L23
Enviro-Hub Holdings Ltd.
0.02
-0.01
-40.00%
SG:LS9
Leader Environmental Technologies Ltd.
0.01
>-0.01
-45.00%
SG:NEX
Reclaims Global Limited
0.20
>-0.01
-1.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.