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Waterbase Ltd Stock Analysis

Small Cap
Evaluated by 1110 users | BSE: 523660 | NSE: WATERBASE |
Consumer Food
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...

Analysis of Financial Track Record

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
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 0000000010.38%3.5%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 00000000322211275
Y-o-Y Gr. Rt.-NANANANANANANANA-34.5%-
Adjusted EPS (Rs.) 000000004.471.382.08
Y-o-Y Gr. Rt.-NANANANANANANANA-69.1%-
Book Value per Share (Rs.) 0000000044.3845.8847.71
Adjusted Net Profit 0000000018.55.79
Net Op. Cash Flow (Rs. Cr.) 0000000043.851.9-
Debt to Cash Flow from Ops 000000000.280-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Waterbase Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales NANANA-34.5%
Adjusted EPS NANANA-69.1%
Book Value per Share 0003.4
Share Price 26.6% 1.9% -14.6% 15.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 0000000010.083.064.44
Operating Profit Margin (%) 0000000010.016.696.24
Net Profit Margin (%) 000000005.752.713.14
Debt to Equity 000000000.070-
Working Capital Days 000000000339-
Cash Conversion Cycle 000000000162-
Loading price chart...
Entity Percentage Holding
Promoters 68.85%
Institutions 0.02%
Non-Institutions 31.13%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year’s financial track record indicates that that Waterbase Ltd is a below average quality company.

Waterbase Ltd's earnings have grown by 0%, whereas share price has appreciated 1.9% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.

Waterbase Ltd share price has appreciated 28% annually (CAGR) over the past ten years.

Past 10 years financial track record analysis by Moneyworks4me indicates that Waterbase Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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