Waterbase
- Market cap
- ₹ 170 Cr.
- P/E
- 98.9x
- P/B
- 1.23x
- 52-week range
- 40.1 – 54
- ROE
- −10%
- ROCE
- −7%
- Dividend yield
- 0%
- Debt / equity
- 0.42
- Sector
- Food Products
- Industry
- Seafood
- Listed on
- NSE, BSE
About
The Waterbase Limited is a manufacturer of shrimp feed in India. The Company is engaged in the business of feed and farmcare, Processed Shrimp, Others (Shrimp Hatchery and FFD). The Company’s segments include Shrimp Feeds, Processed Shrimp, and Others. It produces a range of shrimp feeds from its plants installed with advanced pelleting technology machines and fully automated computer-controlled operation. Its shrimp feed brands include Bay White, Ultra XL, Tigerbay XL, and Magnum. Bay White is an Indian brand developed for Vannamei shrimp (Litopenaeus vannamei) farming. Ultra XL is formulated to meet the nutritional needs of tiger shrimp (Penaeus monodon). Tigerbay XL is a balanced feed for modified extensive farming of tiger shrimp. Magnum is its feed for Scampi (Macrobrachium Rosenbergii) in India.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Seafood: 9 companies →Waterbase against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)98.9 against a typical 19.1: pricier than most peers (1st = cheapest).9th of 9
- Sales growth+39.4% against a typical +4.4% from a year earlier.1st of 7
- Size₹ 170.3 Cr. market value against a typical ₹ 146.4 Cr. (1st = largest).4th of 8
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB- by CARE- CARE lowered its rating on 14 Nov 2025.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB- / CARE A3 | Stable | 14 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 14 Nov 2025 | ▼ Downgrade | CARE BBB- / CARE A3 | — | CARE | ₹ 98.84 Cr. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | 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 | 87 | 74 | 67 | 72 | 62 | 67 | 76 | 87 | 82 | 102 | 79 | 121 |
| Expenses | 87 | 76 | 72 | 78 | 66 | 70 | 81 | 90 | 86 | 103 | 81 | 118 |
| Operating Profit | −1 | −2 | −4 | −6 | −4 | −3 | −5 | −3 | −5 | −1 | −2 | 3 |
| OPM % | −0.7% | −3.2% | −6.6% | −8.2% | −7% | −4.8% | −6.3% | −3.1% | −5.6% | −1.2% | −2% | 2.8% |
| Other Income | 1 | 0 | 1 | 0 | 4 | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Profit before tax | −3 | −5 | −6 | −9 | −3 | −5 | −7 | −4 | −7 | −4 | −4 | 2 |
| Tax % | −25.5% | −14.9% | −24.4% | −25.5% | −23.3% | −26.7% | −20.6% | −26.1% | −25.5% | −26.4% | −21.5% | 21.7% |
| Net Profit | −2 | −4 | −5 | −6 | −2 | −4 | −5 | −3 | −5 | −3 | −3 | 1 |
| EPS in Rs | −0.58 | −1 | −1.15 | −1.53 | −0.6 | −0.94 | −1.31 | −0.79 | −1.31 | −0.63 | −0.8 | 0.29 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 2%
- 5 Years
- 11%
- 3 Years
- 5%
- TTM
- 31%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- 33%
- 10 Years
- −7%
- 5 Years
- −14%
- 3 Years
- −13%
- TTM
- —
- 10 Years
- 3%
- 5 Years
- −5%
- 3 Years
- −9%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Waterbase | ₹ 40.20 | ₹ 170 Cr. | 98.9x | 1.2x | −10% | — |
| Heritage Foods | ₹ 348.85 | ₹ 3,237 Cr. | 21.4x | 2.8x | 14.6% | 3.3% |
| Venky's (India) | ₹ 1,580.00 | ₹ 2,222 Cr. | 14.7x | 1.3x | 9.1% | 3.7% |
| Apex Frozen Foods | ₹ 300.90 | ₹ 940 Cr. | 32.2x | 2.4x | 7.6% | 4.2% |
| Zeal Aqua | ₹ 9.72 | ₹ 123 Cr. | 10.2x | 1.4x | 14.7% | 2.1% |
| Modern Dairies | ₹ 40.80 | ₹ 130 Cr. | 17.6x | 1.6x | 10.2% | 1.4% |
Management
- Chola Varma Alluri
- Chief Executive Officer
- R. Sureshkumar
- Chief Financial Officer, Compliance Officer, Company Secretary
- Ramakanth V . Akula
- Managing Director
Prices are delayed and for information only. Nothing on this page is investment advice.