Waterbase
WATERBASE NSE
Waterbase
Fast Moving Consumer GoodsNSE: WATERBASE BSE: 523660 Food Products
Key Fundamentals
MicrocapSeafoodFood ProductsMarket Cap
₹193 Cr
Volatility
Low Risk
P/E Ratio
-19
EBITDA
₹-10.11 Cr
Return on Equity
-11.7%
Debt to Equity
0.42
Book Value
₹34.06
52W High
₹54
52W Low
₹44.11
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is expected to give good quarter
- Debtor days have improved from 38.1 to 23.0 days.
- Company's working capital requirements have reduced from 58.2 days to 34.8 days
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.1% over past five years.
- Company has a low return on equity of -8.83% over last 3 years.
Growth Rate
Revenue Growth
23.63% higher than
3Y
Net Income Growth
7.2% lower than
3Y
Cash Flow Change
-288% lower than
3Y
ROE
93.07% higher than
3Y
ROCE
129% lower than
3Y
EBITDA Margin (Avg.)
-37.88%
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 111 | 86.76 | 73.96 | 67.31 | 72.43 | 62.1 | 66.79 | 76.38 | 87.14 | 81.72 | 102 | 79.32 | 121 |
| Expenses | 108 | 87.36 | 76.35 | 71.76 | 78.36 | 66.42 | 69.99 | 81.22 | 89.85 | 86.33 | 103 | 80.92 | 118 |
| Operating Profit | 3.62 | -0.6 | -2.39 | -4.45 | -5.93 | -4.32 | -3.2 | -4.84 | -2.71 | -4.61 | -1.19 | -1.6 | 3.37 |
| OPM % | 3.25% | -0.69% | -3.23% | -6.61% | -8.19% | -6.96% | -4.79% | -6.34% | -3.11% | -5.64% | -1.17% | -2.02% | 2.77% |
| Other Income | 1.2 | 0.61 | 0.34 | 0.94 | 0.39 | 3.87 | 0.19 | 0.78 | 0.99 | 0.27 | 0.59 | 0.54 | 1.2 |
| Interest | 1.12 | 0.76 | 0.51 | 0.61 | 0.69 | 0.64 | 0.5 | 0.92 | 1.01 | 1.18 | 1.29 | 1.35 | 1.56 |
| Depreciation | 2.5 | 2.5 | 2.33 | 2.2 | 2.28 | 2.13 | 1.81 | 1.86 | 1.72 | 1.74 | 1.67 | 1.83 | 1.49 |
| PBT | 1.2 | -3.25 | -4.89 | -6.32 | -8.51 | -3.22 | -5.32 | -6.84 | -4.45 | -7.26 | -3.56 | -4.24 | 1.52 |
| Tax % | 24.17% | -25.54% | -14.93% | -24.37% | -25.5% | -23.29% | -26.69% | -20.61% | -26.07% | -25.48% | -26.4% | -21.46% | 21.71% |
| Net Profit | 0.91 | -2.42 | -4.15 | -4.77 | -6.34 | -2.47 | -3.91 | -5.43 | -3.29 | -5.41 | -2.63 | -3.33 | 1.19 |
| EPS in Rs | 0.22 | -0.58 | -1 | -1.15 | -1.53 | -0.6 | -0.94 | -1.31 | -0.79 | -1.31 | -0.63 | -0.8 | 0.29 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 278 | 300 | 320 | 339 | 362 | 318 | 207 | 292 | 298 | 332 | 273 | 350 | 384 |
| Expenses | 247 | 288 | 289 | 281 | 311 | 286 | 193 | 284 | 294 | 336 | 291 | 360 | 388 |
| Operating Profit | 31 | 12 | 30 | 58 | 51 | 32 | 14 | 7 | 4 | -4 | -18 | -10 | -4 |
| OPM % | 11% | 4% | 10% | 17% | 14% | 10% | 7% | 2.4% | 1.4% | -1.1% | -7% | -2.9% | -1.1% |
| Other Income | 2 | -1 | 2 | 2 | 6 | 2 | 3 | 3 | 3 | 3 | 5 | 2 | 3 |
| Interest | 1 | 4 | 9 | 4 | 3 | 3 | 1 | 1 | 2 | 3 | 3 | 5 | 5 |
| Depreciation | 1 | 4 | 5 | 6 | 7 | 7 | 7 | 8 | 9 | 10 | 8 | 7 | 7 |
| PBT | 30 | 3 | 18 | 49 | 47 | 25 | 8 | 0 | -4 | -13 | -24 | -20 | -14 |
| Tax % | 35% | 17% | 35% | 38% | 35% | 26% | 27% | 72% | -20% | -21% | -24% | -25% | — |
| Net Profit | 20 | 2 | 12 | 30 | 31 | 19 | 6 | 0 | -3 | -10 | -18 | -15 | -10 |
| EPS in Rs | 5.05 | 0.56 | 3 | 7.22 | 7.45 | 4.48 | 1.43 | 0.02 | -0.84 | -2.52 | -4.38 | -3.54 | -2.45 |
| Div. Payout % | 30% | 89% | 33% | 21% | 20% | 0% | 70% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 |
| Reserves | 61 | 75 | 86 | 108 | 132 | 142 | 149 | 145 | 141 | 131 | 114 | 100 |
| Borrowings | 12 | 53 | 68 | 28 | 28 | 12 | 1 | 1 | 39 | 26 | 44 | 59 |
| Other Liabilities | 54 | 41 | 52 | 80 | 48 | 42 | 52 | 40 | 65 | 44 | 45 | 51 |
| Total Liabilities | 166 | 207 | 245 | 258 | 249 | 238 | 243 | 228 | 287 | 243 | 245 | 251 |
| Fixed Assets | 17 | 60 | 62 | 61 | 73 | 70 | 66 | 65 | 75 | 72 | 75 | 74 |
| CWIP | 1 | 3 | 3 | 9 | 1 | 1 | 0 | 3 | 4 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 148 | 144 | 180 | 188 | 175 | 167 | 177 | 159 | 207 | 169 | 169 | 176 |
| Total Assets | 166 | 207 | 245 | 258 | 249 | 238 | 243 | 228 | 287 | 243 | 245 | 251 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 12 | 12 | -13 | 55 | 20 | 44 | 52 | 2 | -37 | 7 | -13 | -5 |
| Investing | -4 | -12 | -7 | -6 | -8 | -4 | -53 | 28 | -15 | 1 | -2 | -5 |
| Financing | -5 | -13 | -15 | -9 | -13 | -20 | -10 | -5 | 31 | -14 | -1 | 27 |
| Net Cash Flow | 4 | -13 | -36 | 40 | -2 | 20 | -11 | 25 | -21 | -7 | -15 | 16 |
| Free Cash Flow | 7 | 6 | -21 | 43 | 9 | 40 | 50 | -10 | -54 | 1 | -21 | -13 |
| CFO/OP | 69 | 162 | -30 | 118 | 72 | 159 | 401 | 53 | -895 | -120 | 71 | 51 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 84 | 94 | 97 | 74 | 85 | 84 | 49 | 106 | 47 | 45 | 23 |
| Inventory Days | 72 | 60 | 108 | 139 | 131 | 100 | 153 | 98 | 122 | 118 | 155 | 141 |
| Days Payable | 58 | 37 | 54 | 87 | 39 | 33 | 77 | 42 | 74 | 45 | 56 | 44 |
| Cash Conversion Cycle | 89 | 107 | 148 | 149 | 165 | 153 | 159 | 105 | 154 | 120 | 143 | 120 |
| Working Capital Days | 69 | 57 | 63 | 92 | 100 | 110 | 111 | 86 | 87 | 79 | 61 | 35 |
| ROCE % | 30% | 7% | 15% | 29% | 27% | 14% | 5% | 1% | -1% | -5% | -11% | -7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Waterbase insights
36 extracted metrics + investor summaries across FY11–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Waterbase confirms it is not a Large Corporate as of March 31, 2026. 29 Apr - Waterbase confirms it is not a Large Corporate as of March 31, 2026.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Waterbase confirms it is not a Large Corporate as of March 31, 2026. 29 Apr - Waterbase confirms it is not a Large Corporate as of March 31, 2026.
3
Independent Auditors Certificate In Compliance With Exemption
Order Dated November 15, 2019.
9 Apr - VMT Family Trust confirms SEBI exemption compliance for FY 2025-26. 9 Apr - VMT Family Trust confirms SEBI exemption compliance for FY 2025-26.
5
Announcement under Regulation 30 (LODR)-Change in Management
1 Apr - Ramakanth V. Akula appointed MD; Chola Varma Alluri appointed CEO, effective April 1, 2026. 1 Apr - Ramakanth V. Akula appointed MD; Chola Varma Alluri appointed CEO, effective April 1, 2026.
2
Notice & Annual Report Of The 39Th Annual General Meeting Of The Company Will Be Held On September 30 2026 8 Sept 2026
Intimation
Frequently Asked Questions about Waterbase
What does Waterbase Ltd do?
Incorporated in 1993, Waterbase Ltd is in the business of Shrimp Feeds, Shrimp Aquaculture and Shrimp Hatchery[1]
Where is Waterbase Ltd (WATERBASE) listed?
Waterbase Ltd trades as WATERBASE on the NSE and under code 523660 on the BSE.
Which sector does Waterbase Ltd belong to?
Waterbase Ltd is classified under the Fast Moving Consumer Goods sector, in the Food Products industry.
What is the market capitalisation of Waterbase Ltd?
Waterbase Ltd has a market capitalisation of ₹192.88 Cr, which places it in the Small Cap band.
What is the PE ratio of Waterbase Ltd?
Waterbase Ltd trades at a PE ratio of -19.00, against a book value of ₹34.06 per share.
What is the 52-week high and low of Waterbase Ltd?
Over the last 52 weeks Waterbase Ltd has traded between ₹44.11 and ₹54.
Does Waterbase Ltd pay dividends?
Waterbase Ltd has a dividend yield of 2.15%.
What is the Return on Equity (ROE) of Waterbase Ltd?
Waterbase Ltd reported a return on equity of -11.70%. Its debt-to-equity ratio is 0.42.
Company Information
Incorporated in 1993, Waterbase Ltd is in the business of Shrimp Feeds, Shrimp Aquaculture and Shrimp Hatchery[1]
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