Key Metrics 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
Waterways Leisure Tourism Ltd (CORDELIA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544802 NSE: CORDELIA Travel Services | | Waterways Leisure Share Price
₹761.10 -46.35 (-5.74%)
As on 06-Jul'26 16:59
Waterways Leisure Tourism Ltd (CORDELIA)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544802 NSE: CORDELIA Travel Services | | Waterways Leisure Share Price
₹761.10 -46.35 (-5.74%)
As on 06-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹5,510 Cr.
Current Price
₹761.1
52-Week Low / High
₹623 / 807
TTM EPS
₹25.7
TTM Sales
₹583 Cr.
Book Value per Share
₹90.7
P/E Ratio
29.58
In line with its 5-year historical median
Industry PE
40.4
Price to Book (P/B)
8.39
Lower than its 5-year historical median
Price to Sales (P/S)
9.45
In line with its 5-year historical median
EV/EBITDA
24.25
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Return on Capital Employed (ROCE)
0.00%
Return on Assets (ROA)
61.99%
Operating Profit Margin
38.5%
Net Profit Margin
31.96%
Gross Profit Margin
30.2%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
31.83%
Operating Profit Growth (1 Year)
-
105.01%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
89.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹584 Cr.
Equity
₹72.4 Cr.
Face Value
₹10
All Time Low / High
₹623.30 / 807.45
10 Year X-Ray : Login to view analysis.
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Waterways Leisure Tourism Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | - |
Growth Parameters ⓘ |
|||||
| Sales ⓘ | 136 | 482 | 442 | 583 | 583 |
| Sales YoY Gr. | - | 253.9% | -8.3% | 31.8% | - |
| Adj EPS ⓘ | -64,290.8 | 9.1 | -16.8 | 21.2 | 25.7 |
| YoY Gr. | - | NA | -284.7% | NA | - |
| BVPS (₹) ⓘ | -1,14,848 | 0.8 | -17.7 | 11 | 90.7 |
| Adj Net Profit ⓘ | -64.3 | 58.7 | -108 | 137 | 186 |
| Cash Flow from Ops. ⓘ | -36.5 | 183 | 162 | 182 | - |
| Debt/CF from Ops. ⓘ | -2 | 0 | 0 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 62.4% | 31.8% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 56 | -107.1 | 197.9 | -631.3 | 50.6 |
| Op. Profit Mgn % ⓘ | -22.5 | 31.1 | 24.7 | 38.5 | NAN |
| Net Profit Mgn % ⓘ | -47.2 | 12.2 | -24.5 | 23.5 | 32 |
| Debt to Equity ⓘ | -0.6 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 0 | 26 | 47 | 57 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -48 | -42 | -23 | 0 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|
| Sales | 136 | 482 | 442 | 583 |
| Operating Expenses ⓘ + | 167 | 338 | 335 | 364 |
| Operating Profit ⓘ | -31 | 144 | 107 | 219 |
| Operating Profit Margin (%) | -22.5% | 29.8% | 24.2% | 37.6% |
| Other Income ⓘ + | 1 | 4 | 8 | 7 |
| Interest ⓘ | 4 | 18 | 39 | 45 |
| Depreciation ⓘ | 8 | 75 | 181 | 49 |
| Profit Before Tax ⓘ | -115 | 55 | -120 | 208 |
| Tax ⓘ | -0 | 0 | 0 | 21 |
| Profit After Tax | -115 | 55 | -120 | 186 |
| PAT Margin (%) | -84.4% | 11.5% | -27.1% | 32.0% |
| Adjusted EPS (₹) | -1,14,975.0 | 8.6 | -18.6 | 28.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
Valuation of Waterways Leisure - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | -115 | 5 | -115 | 71 | |||||||
| Debt + | 74 | 0 | 0 | 0 | |||||||
| Minority Interest | 0 | 0 | 0 | 0 | |||||||
| Trade Payables | 22 | 91 | 44 | 16 | |||||||
| Others Liabilities ⓘ | 78 | 211 | 399 | 185 | |||||||
| Total Liabilities ⓘ | 58 | 307 | 328 | 273 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 39 | 233 | 248 | 81 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | 2 | |||||||
| Investments ⓘ | 0 | 0 | 0 | 34 | |||||||
| Inventories | 3 | 6 | 10 | 6 | |||||||
| Trade Receivables | 5 | 2 | 2 | 3 | |||||||
| Cash Equivalents | 4 | 18 | 17 | 32 | |||||||
| Others Assets ⓘ | 7 | 47 | 51 | 114 | |||||||
| Total Assets ⓘ | 58 | 307 | 328 | 273 | |||||||
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -37 | 183 | 162 | 182 |
| Cash Flow From Investing Activity ⓘ + | -2 | -18 | -1 | -72 |
| Cash Flow From Financing Activity ⓘ + | 42 | -161 | -152 | -95 |
| Net Cash Flow ⓘ | 3 | 4 | 9 | 15 |
Financial Ratio
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | N/A | 0 | ||||||
| ROCE (%) | N/A | 0 | N/A | 0 | ||||||
| Asset Turnover Ratio | 2.36 | 2.66 | 1.46 | 1.99 | ||||||
| PAT to CFO Conversion(x) | N/A | 3.33 | N/A | 0.98 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 14.20 | 2.90 | 1.70 | 1.50 | ||||||
| Inventory Days | 7.70 | 3.20 | 6.10 | 4.90 | ||||||
| Payable Days | 0 | 0 | 0 | 0 | ||||||
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Waterways Leisure Tourism Ltd FAQs
The current trading price of Waterways Leisure on 06-Jul-2026 16:59 is ₹761.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Jul-2026 the market cap of Waterways Leisure stood at ₹5,510 Cr
The latest P/E ratio of Waterways Leisure as of 05-Jul-2026 is 29.58.
The latest P/B ratio of Waterways Leisure as of 05-Jul-2026 is 8.39.
The 52-week high of Waterways Leisure is ₹807.5 and the 52-week low is ₹623.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Waterways Leisure is ₹583 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Waterways Leisure Tourism Ltd is a below average quality company.
The key valuation ratios of Waterways Leisure Tourism Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Waterways Leisure Tourism Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Waterways Leisure Tourism Ltd
Waterways Leisure Tourism was originally incorporated as ‘Waterways Leisure Tourism Private Limited’, a private limited company under the provisions of the Companies Act, 2013 on November 2, 2020, pursuant to a certificate of incorporation dated November 5, 2020. The company was subsequently converted from a private company to a public company, pursuant to a resolution passed by its Board on February 24, 2025, and by its shareholders on February 25, 2025, consequent to which the name of the company was changed to ‘Waterways Leisure Tourism Limited’ on March 12, 2025. It is one of the domestic ocean cruise operators in India, offering luxurious and inherent Indian experiences. Its cruise experience is designed to cater to the preferences of Indian guests and international travelers visiting India, offering an immersive journey into India’s rich culture, cuisine, and warm hospitality. Every aspect of the voyage is curated to provide an authentic Indian experience, ensuring that guests feel the essence of India while sailing.
The company offers a diverse culinary experience, providing a variety of food options such as pan-Asian, international, and Indian cuisine, including Jain food options. It also organizes live performances and themed shows inspired by Indian Cinema such as ‘Indian Cinemagic’, ‘Balle Balle’, ‘Burlesque - Bollywood Way’, ‘Razzmatazz’, and ‘Romance in Bollywood’. It offers a wide range of amenities for all age groups, including a children’s academy, gaming arcade, spa and salon, retail outlets, casino, fitness center, a rock-climbing wall, and swimming pools.
The company has strategically outsourced critical cruise operations to enhance efficiency and scalability. It leverages third-party expertise in areas such as food and beverages, housekeeping, crewing, and entertainment. This enables it to tap into their knowledge and resources, ensuring quality service delivery. This flexibility also enables it to scale its operations based on seasonal demand, manage resources effectively and maintain service standards. Outsourcing allows it to concentrate on its core activities, ensuring an enhanced customer experience and expanding its cruise offerings.
Business area of the company
The company is engaged in the business of cruise lines, shipping, organizing, and conducting cruises, tours, holidays, maintaining and providing related services. Its cruise vessel primarily sails to domestic destinations such as Mumbai (Maharashtra), Goa, Kochi (Kerala), Chennai (Tamil Nadu), Lakshadweep, Visakhapatnam (Andhra Pradesh), and Puducherry.
Awards and recognitions
- 2023: Awarded the excellence award as ‘Most Promising Mice Destination’ by Business Leisure Travel and Mice (BLTM).
- 2023: Awarded ‘Best Cruise and Expedition’ by The Economic Times - Travel and Tourism Annual Conclave and Awards (First Edition).
- 2023: Awarded maritime excellence achievers award for ‘Promoting Water-Based Tourism’ by Global Maritime India Summit.
- 2024: Awarded for ‘Best Cruise and Expedition’ organised by ET The Economic Times - Travel and Tourism Annual Conclave and Awards (Third Edition).
- 2025: Certified as the ‘Great Place to Work’ in the category of mid-size organizations by Great Place to Work, India.
- 2025: Received certificate of Honour in the category ‘High Sea and Coastal Cruises of the Year’ at the 7th edition of South Asia’s Travel and Tourism Exchange (SATTE) awards organised by Yashobhoomi (India International Convention & Expo Centre), New Delhi.
- 2025: Received award for India’s Best Wedding Future Leader at India’s Best Wedding Maker (IBWM) 2025-26 awards.
- 2025: Received awards for the ‘Iconic Choice for Wedding & Corporate’ and the ‘Iconic Family Cruise Experience’ at the Times Hospitality Icons 2025 awards.
History and milestones
- 2021: Commencement of sailing from Mumbai port, post receipt of permission from the Directorate General of Shipping, Mumbai for charting of the foreign flag passenger cruise ship, MV Empress.
- 2023: Commencement of international cruise sailing by the company to Hambantota and Trincomalee ports (Sri Lanka).
- 2024: Leased four new offices in India in Mumbai, Noida, Chennai and Gurugram region, respectively.
- 2025: Its Subsidiaries entered into Bareboat Charter Agreements with Norwegian Sky Limited and Norwegian Sun Limited, respectively.
- 2025: The company entered into Time Charter Agreements with Baycruise IFSC for chartering new vessels, namely, ‘Norwegian Sky’ and ‘Norwegian Sun’, respectively.
- 2025: Commencement of international cruise sailing by the company from Chennai to Singapore.
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