Waterbase Ltd Stock Analysis

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

BSE Share Price 28-Mar-2023 13:12
58.15 0.22 (0.38%)

DeciZen - Make an Informed Decision on Waterbase

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

1. Quality

2. Valuation


3. Price Trend

Waterbase Price Chart

P/E Ratio ( SA) :
Market Cap :
240 Cr.
52-wk low :
52-wk high :
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 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 9.3%16.3%19.2%14.4%11.6%17.8%16.3%10.3%3.5%0.5%-
Value Creation Index -

Growth Parameters

Growth Parameters Colour Code Guide

Sales 157228278319322343365322212299277
YoY Gr. Rt. %-45.3%21.6%14.8%1%6.5%6.6%-11.8%-34.4%41.2%-
YoY Gr. Rt. %-55.1%43.8%-22.3%-23.9%141.5%-4.3%-35.2%-69%-95%-
BVPS (₹) 22.322.225.425.631.536.141.844.445.944.944.6
Adj Net Profit 613.619.515.211.629.928.618.65.70.3-8
Cash Flow from Ops. 11.32.512.40.1-13.154.619.843.851.92.3-
Debt/CF from Ops. 2.75.6188.2-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.4%-1.5%-6.5%41.2%
Adj EPS -32.1%-52.8%-78.4%-95%
Share Price 24.3% -26.5% -12.9% -31.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 10.518.52115.210.321.817.810.43.10.2-4.2
Op. Profit Mgn % 7.810.411.27.59.516.814.2106.70.3-0.6
Net Profit Mgn % 3.8674.
Debt to Equity
Working Cap Days 2081741551371762182232463422270
Cash Conv. Cycle 121988776103114121136162900

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -6.50%

Sales growth is not so good in last 4 quarters at -3.54%

Latest Financials - Waterbase Ltd.

Standalone Consolidated
TTM EPS (₹) -1.9 -1.9
TTM Sales (₹ Cr.) 277 277
BVPS (₹.) 44.6 44.5
Reserves (₹ Cr.) 143 143
P/BV 1.30 1.30
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 57.50 / 99.10
All Time Low / High (₹) 1.84 / 417.50
Market Cap (₹ Cr.) 240
Equity (₹ Cr.) 41.4
Face Value (₹) 10
Industry PE 54.4

Management X-Ray of Waterbase :

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of Waterbase

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


Waterbase Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Waterbase on 28-Mar-2023 13:12 is : 58.15.
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 28-Mar-2023 13:12 the market cap of Waterbase stood at ₹ 240.0.
The latest PE ratio of Waterbase as of 28-Mar-2023 13:12 is 0.00.
The latest PB ratio of Waterbase as of 28-Mar-2023 13:12 is 1.30
The 52-week high of Waterbase is ₹ 99.10 and the 52-week low is ₹ 57.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Waterbase is ₹ 277.0 ( Cr.) .

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:


  • Headless Shell-on block frozen


  • Head-on block frozen


  • Full range


  • 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



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  • 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


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  • K.I. Shoji Co. Limited, GIFU - City
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  • 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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