Waterbase Ltd
Incorporated in 1993, Waterbase Ltd is in the business of Shrimp Feeds, Shrimp Aquaculture and Shrimp Hatchery[1]
- Market Cap ₹ 225 Cr.
- Current Price ₹ 54.4
- High / Low ₹ 105 / 42.5
- Stock P/E
- Book Value ₹ 37.5
- Dividend Yield 0.00 %
- ROCE -10.6 %
- ROE -11.1 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 65.6 to 43.7 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -2.68% over past five years.
- Company has a low return on equity of -6.23% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Seafood
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 318 | 207 | 292 | 298 | 332 | 278 | |
| 286 | 193 | 284 | 294 | 336 | 296 | |
| Operating Profit | 32 | 14 | 7 | 4 | -4 | -18 |
| OPM % | 10% | 7% | 2% | 1% | -1% | -7% |
| 2 | 3 | 3 | 3 | 3 | 5 | |
| Interest | 3 | 1 | 1 | 2 | 3 | 3 |
| Depreciation | 7 | 7 | 8 | 9 | 10 | 8 |
| Profit before tax | 25 | 8 | 0 | -4 | -13 | -24 |
| Tax % | 26% | 27% | 76% | -20% | -21% | -24% |
| 18 | 6 | 0 | -3 | -10 | -18 | |
| EPS in Rs | 4.46 | 1.43 | 0.02 | -0.84 | -2.52 | -4.38 |
| Dividend Payout % | 0% | 70% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -2% |
| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -11% |
| 3 Years: | -10% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -3% |
| 3 Years: | -6% |
| Last Year: | -11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 41 | 41 | 41 | 41 | 41 | 41 |
| Reserves | 142 | 149 | 145 | 141 | 131 | 114 |
| 12 | 1 | 1 | 39 | 26 | 44 | |
| 42 | 52 | 40 | 65 | 44 | 45 | |
| Total Liabilities | 238 | 243 | 227 | 287 | 242 | 244 |
| 70 | 66 | 65 | 75 | 72 | 75 | |
| CWIP | 1 | 0 | 3 | 4 | 2 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 167 | 177 | 159 | 207 | 169 | 169 | |
| Total Assets | 238 | 243 | 227 | 287 | 242 | 244 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 44 | 52 | 2 | -37 | 7 | -13 | |
| -4 | -53 | 28 | -15 | 1 | -2 | |
| -20 | -10 | -5 | 31 | -14 | -1 | |
| Net Cash Flow | 20 | -11 | 25 | -21 | -7 | -15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 85 | 84 | 49 | 106 | 47 | 44 |
| Inventory Days | 100 | 153 | 98 | 122 | 118 | 155 |
| Days Payable | 33 | 77 | 42 | 74 | 45 | 56 |
| Cash Conversion Cycle | 153 | 159 | 105 | 154 | 120 | 142 |
| Working Capital Days | 118 | 112 | 87 | 134 | 108 | 117 |
| ROCE % | 5% | 1% | -1% | -5% | -11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
30 May - Mr. R Sureshkumar appointed Company Secretary effective May 31, 2025, adding to CFO role.
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Results - Financial Results 31.03.2025
30 May - Approved FY25 audited results; appointed R Sureshkumar as Company Secretary alongside CFO role.
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Board Meeting Outcome for Outcome Of Meeting Of The Board Held On May 30, 2025.
30 May - Approved audited FY25 financials; appointed R Sureshkumar as Company Secretary from May 31, 2025.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report for FY ended March 31, 2025 submitted as per SEBI norms.
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Board Meeting Intimation for Board Meeting Intimation To Consider And Approve The Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended March 31, 2025.
23 May - Board meeting on May 30 to approve FY25 Q4 and annual audited financial results.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Sep 2022TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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May 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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Nov 2015TranscriptNotesPPT
Business Overview:[1]
WBL is a part of the KCT group. It is a manufacturer and exporter of shrimp feed, prawn feed, and crab & fish processing machinery in India. It also processes shrimp in IQF, Block Frozen and Cooked form from its own captive farms, and exports its produce to global markets, predominantly Japan, Europe and the United States.
The company’s processing plant is FDA listed and EU approved, and processing is done as per HACCP guidelines