Waterbase Ltd
Incorporated in 1993, Waterbase Ltd is in the business of Shrimp Feeds, Shrimp Aquaculture and Shrimp Hatchery[1]
- Market Cap ₹ 188 Cr.
- Current Price ₹ 45.4
- High / Low ₹ 67.7 / 38.0
- Stock P/E
- Book Value ₹ 34.1
- Dividend Yield 0.00 %
- ROCE -7.36 %
- ROE -9.91 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Debtor days have improved from 38.2 to 23.3 days.
- Company's working capital requirements have reduced from 58.3 days to 35.3 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of -8.84% over last 3 years.
* 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 318 | 207 | 292 | 298 | 332 | 273 | 345 | 384 | |
| 286 | 193 | 284 | 294 | 336 | 291 | 355 | 388 | |
| Operating Profit | 32 | 14 | 7 | 4 | -4 | -18 | -10 | -4 |
| OPM % | 10% | 7% | 2.4% | 1.4% | -1.1% | -7% | -2.9% | -1.1% |
| 2 | 3 | 3 | 3 | 3 | 5 | 2 | 3 | |
| Interest | 3 | 1 | 1 | 2 | 3 | 3 | 5 | 5 |
| Depreciation | 7 | 7 | 8 | 9 | 10 | 8 | 7 | 7 |
| Profit before tax | 25 | 8 | 0 | -4 | -13 | -24 | -20 | -14 |
| Tax % | 26% | 27% | 76% | -20% | -21% | -24% | -25% | |
| 18 | 6 | 0 | -3 | -10 | -18 | -15 | -10 | |
| EPS in Rs | 4.46 | 1.43 | 0.02 | -0.84 | -2.52 | -4.38 | -3.54 | -2.46 |
| Dividend Payout % | 0% | 70% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 5% |
| TTM: | 31% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -17% |
| 3 Years: | -17% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -6% |
| 3 Years: | -9% |
| Last Year: | -10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 41 | 41 | 41 | 41 | 41 | 41 |
| Reserves | 142 | 149 | 145 | 141 | 131 | 114 | 100 |
| 12 | 1 | 1 | 39 | 26 | 44 | 59 | |
| 42 | 52 | 40 | 65 | 44 | 45 | 51 | |
| Total Liabilities | 238 | 243 | 227 | 287 | 242 | 244 | 251 |
| 70 | 66 | 65 | 75 | 72 | 75 | 73 | |
| CWIP | 1 | 0 | 3 | 4 | 2 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 167 | 177 | 159 | 207 | 169 | 169 | 176 | |
| Total Assets | 238 | 243 | 227 | 287 | 242 | 244 | 251 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 44 | 52 | 2 | -37 | 7 | -13 | -5 | |
| -4 | -53 | 28 | -15 | 1 | -2 | -5 | |
| -20 | -10 | -5 | 31 | -14 | -1 | 27 | |
| Net Cash Flow | 20 | -11 | 25 | -21 | -7 | -15 | 16 |
| Free Cash Flow | 42 | 50 | -10 | -54 | 1 | -21 | -13 |
| CFO/OP | 160% | 402% | 52% | -883% | -120% | 71% | 50% |
Ratios
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 84 | 49 | 106 | 47 | 45 | 23 |
| Inventory Days | 100 | 153 | 98 | 122 | 118 | 155 | 141 |
| Days Payable | 33 | 77 | 42 | 74 | 45 | 56 | 44 |
| Cash Conversion Cycle | 153 | 159 | 105 | 154 | 120 | 143 | 121 |
| Working Capital Days | 118 | 111 | 86 | 87 | 79 | 61 | 35 |
| ROCE % | 5% | 1% | -1% | -5% | -11% | -7% |
Insights
In beta| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Number of Dealers count ・Standalone data |
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| Shrimp Feed Plant Capacity Utilization % ・Standalone data |
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| Andhra Pradesh Revenue Concentration % ・Standalone data |
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| Diversified Segments (Farm Care + Processing + Hatchery) Share of TOI % ・Standalone data |
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| Top 10 Customer/Dealer Concentration % ・Standalone data |
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| Processed Shrimp Plant Capacity Utilization % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
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Closure of Trading Window
- Trading window closed from October 1, 2026 ahead of Q2 and half-year results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation of News paper advertisement of AGM Notice of Meeting to be held on September 30, 2026
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Notice & Annual Report Of The 39Th Annual General Meeting Of The Company Will Be Held On September 30, 2026
- Waterbase AGM on September 30, 2026; annual report for FY2025-26 submitted.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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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