Waterbase
Food Products
WATERBASE NSE
₹45.01 0.40 (0.90%)
Market Cap
₹186 Cr
Key Fundamentals
MicrocapSeafoodFood ProductsMarket Cap
₹186 Cr
EBITDA
−₹7.70 Cr
Return on Equity
-10.39%
Debt to Equity
0.42
Book Value
₹34.06
EPS (TTM)
−₹2.45
52W High
₹67.70
52W Low
₹38.00
Price-based figures as of 13 Oct 2026, 15:29 IST · EPS basis: Standalone · TTM
Peer Comparison
Fast Moving Consumer Goods › Food Products › Seafood
| ₹338.70 | 20.59 | 1,058 Cr | 2.00 | 0.75% | 7.36% | 10.66% | 947 Cr | 52 Cr | |
| ₹155.00 | 36.21 | 608 Cr | 3.93 | 0.16% | 10.29% | 18.11% | 533 Cr | 17 Cr | |
| ₹36.30 | 7.53 | 243 Cr | 0.86 | 0.77% | 9.40% | 16.59% | 1,072 Cr | 33 Cr | |
| Waterbase (this company) | ₹45.01 | — | 186 Cr | 1.32 | 2.26% | -10.39% | -10.17% | 387 Cr | -10 Cr |
| — | 10.42 | 156 Cr | 1.80 | 0.00% | 18.49% | 24.20% | 158 Cr | 15 Cr | |
| — | 8.97 | 132 Cr | 1.28 | 0.00% | 13.67% | 33.81% | 714 Cr | 15 Cr | |
| — | — | 76 Cr | 1.89 | 0.00% | 15.91% | 19.22% | — | — | |
| — | 7.09 | 20 Cr | 1.39 | 0.00% | 19.53% | 23.16% | 4 Cr | 3 Cr | |
| — | — | 10 Cr | 12.12 | 0.00% | 32.15% | 68.16% | 28 Cr | -1 Cr | |
| Median 9 companies | ₹100.01 | 9.70 | 156 Cr | 1.80 | 0.00% | 13.67% | 19.22% | 460 Cr | 15 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100. How it works →
As of 2026-10-12
v2.0.0
v2.0.0
53 Average
Overall score
Data confidence 91/100
Category scores
Quality Weak 41
Returns, margins, earnings quality 22%
Valuation Good 61
Cheap vs sector & own history 24%
Growth Strong 79
Sales & profit trajectory 9%
Financial Health Poor 35
Solvency, leverage, coverage 9%
Momentum Average 48
Trend strength, vol-adjusted 12%
Ownership Average 50
FII/DII/promoter flows 24%
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company is expected to give good quarter
- Debtor days have improved from 38.2 to 23.3 days.
- Company's working capital requirements have reduced from 58.4 days to 35.3 days
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of -8.83% over last 3 years.
Technical Indicators
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Bearish
Bearish
12
Neutral
5
Bullish
2
Moving Averages
Bearish
Bearish
10
Neutral
0
Bullish
0
Growth Rate
Revenue Growth
24.46% higher than
3Y
change over 1 year
Net Income Growth
-19.23% lower than
3Y
change over 1 year
Cash Flow Change
58.57%
change over 1 year
EBITDA Margin Change
-52.6%
change over 1 year Operating margin 2.77% · Jun 2026
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 (₹) | 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 | 345 | 384 |
| Expenses | 247 | 288 | 289 | 281 | 311 | 286 | 193 | 284 | 294 | 336 | 291 | 355 | 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 (₹) | 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 | 73 |
| CWIP | 1 | 3 | 3 | 9 | 1 | 1 | 0 | 3 | 4 | 2 | 0 | 1 |
| 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 | 50 |
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 | 121 |
| 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
62 extracted metrics + investor summaries across FY09–FY27.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr 2026
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr 2026
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 Food Products sector, in the Seafood industry.
What is the market capitalisation of Waterbase Ltd?
Waterbase Ltd has a market capitalisation of ₹186.46 Cr as of 13 Oct 2026, which places it in the Small Cap band.
What is the 52-week high and low of Waterbase Ltd?
Over the last 52 weeks Waterbase Ltd has traded between ₹38 and ₹67.7 as of 13 Oct 2026.
Does Waterbase Ltd pay dividends?
Waterbase Ltd has a dividend yield of 2.24%.
What is the Return on Equity (ROE) of Waterbase Ltd?
Waterbase Ltd reported a return on equity of -10.39%. 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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