Waterbase Ltd Stock Analysis

BSE: 523660 | NSE: WATERBASE | Consumer Food | Small Cap

BSE Share Price Aug 05, 18:03
81.65 -3.00 (-3.54%)

DeciZen - Make an Informed Decision on Waterbase

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Waterbase Price Chart

P/E Ratio (CD) :
0.00
Market Cap :
338.3 Cr.
52-wk low :
67.1
52-wk high :
134.2
Bole Toh?

1. Is Waterbase Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Waterbase Ltd is a below average quality company.

2. Is Waterbase Ltd undervalued or overvalued?

The key valuation ratios of Waterbase Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Waterbase Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Waterbase Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Waterbase:

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
Waterbase Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%0%0%0%0%0%10.4%3.5%0.5%-
Value Creation Index NANANANANANANA-0.3-0.8NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 0000000322212299253
YoY Gr. Rt. %-NANANANANANANA-34.4%41.2%-
Adj EPS 00000004.51.40.1-1.7
YoY Gr. Rt. %-NANANANANANANA-69.1%-94.9%-
BVPS (₹) 000000044.445.944.945.1
Adj Net Profit 000000018.55.70.3-7
Cash Flow from Ops. 000000043.851.92.3-
Debt/CF from Ops. 00000000.300-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA41.2%
Adj EPS NANANA-94.9%
BVPS 000-2.1
Share Price 18.8% -6.2% -5.2% -33.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 000000010.13.10.2-3.7
Op. Profit Mgn % 0000000106.70.3-0.9
Net Profit Mgn % 00000005.82.70.1-2.7
Debt to Equity 00000000.100-
Working Cap Days 000000003422270
Cash Conv. Cycle 00000000162900

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 6.01%

Latest Financials - Waterbase Ltd.

Standalone Consolidated
TTM EPS (₹) -1.7 -1.7
TTM Sales (₹ Cr.) 253 253
BVPS (₹.) 45.1 45.1
Reserves (₹ Cr.) 145 145
P/BV 1.81 1.81
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 67.10 / 134.20
All Time Low / High (₹) 1.84 / 417.50
Market Cap (₹ Cr.) 338
Equity (₹ Cr.) 41.4
Face Value (₹) 10
Industry PE 63.3

Management X-Ray of Waterbase :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Waterbase

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Waterbase Ltd

Waterbase Limited is the largest integrated aquaculture unit in India located in the heart of shrimp country at Nellore in Andhra Pradesh. The company's mission is to give customers the best value for money with quality seed, feed, or processed produce.

The company began operations in 1993 and has stood committed to following and disseminating the best aquaculture techniques. Today, the company is a $18 million company (Rs 1 billion) with facilities that comprise a shrimp hatchery, feed plant, grow-out farms, and an ultra-modern process plant.

Waterbase Limited is a part of the 80-year-old, $ 2 billion Thapar Group, one of India's largest business houses. The Thapar Group has interests in areas such as paper, chemicals, glass, textiles, electronics, light and heavy engineering.

Raw or cooked, peeled or unpeeled, breaded and battered; it exports shrimp in different forms to the quality-conscious markets of Japan, USA, and Europe. In addition, the company supplies value-added shrimp in different forms to many of its customers.

Species it grows and processes:

Black Tiger, (P Monodon), White (P Indicus), Scampi (M. Rosenbergii)

Aquaculture is a business that demands constant monitoring and innovation. The company's process is geared to grow, harvest, and process quality shrimp. It follows HACCP guidelines and is among the few Indian companies that have FDA approval for exports to USA.

Product range of the company includes:

HLSO

  • Headless Shell-on block frozen

HO

  • Head-on block frozen

IQF

  • Full range

PDTO

  • Peeled Deveined Tail On

Stretched/Tray pack

Cooked - full range

Raw breaded butterfly shrimp

Value-added convenience foods

World-class feed for different types of shrimp culture

  • Ultra
  • Tiger bay
  • Supreme extensive
  • Magnum scampi feed

Clientele:

USA

  • Neptune Fisheries Inc, Virginia
  • H & N Fish Company, San Francisco
  • Central Seaway Corporation Inc., Illinois
  • Aquastar Inc., Seattle
  • Amende and Schultz, Inc., Pasadena
  • Darik Enterprises Inc, New York
  • Hanwa American Corp, Seattle
  • Berdex Seafood Inc., San Francisco
  • Expack Seafood Inc., New Jersey
  • Ocean Garden Products Inc., San Diego
  • Torry Harris Inc., New Jersey
  • Red Chamber Co., Vernon
  • LBA Rymer International Seafood, Chicago

Japan

  • Hanwa Co., Nagoya
  • Hanwa Co. Limited, Tokyo
  • K.I. Shoji Co. Limited, GIFU - City
  • Mitsui & Company Limited, Tokyo
  • Eiger Co. Limited, Kyoto
  • Toshoku Limited, Tokyo
  • Osaka Uoichiba Co. Limited, Osaka
  • Sumitomo Corporation, Tokyo
  • Mitsubishi Corporation, Tokyo
  • Hoko Fishing Co. Limited, Tokyo
  • Showa Trading Co. Limited, Tokyo
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