BSE:523660

Stock Analysis Report

Executive Summary

The Waterbase Limited operates as an aquaculture company in India.


Snowflake Analysis

Flawless balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Waterbase's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 523660's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.3%

523660

4.2%

IN Food

2.2%

IN Market


1 Year Return

-42.8%

523660

10.0%

IN Food

-27.6%

IN Market

Return vs Industry: 523660 underperformed the Indian Food industry which returned -0.8% over the past year.

Return vs Market: 523660 underperformed the Indian Market which returned -31.7% over the past year.


Shareholder returns

523660IndustryMarket
7 Day2.3%4.2%2.2%
30 Day-11.8%-5.7%-20.0%
90 Day-35.2%-1.3%-25.9%
1 Year-41.9%-42.8%11.6%10.0%-26.1%-27.6%
3 Year-2.7%-5.1%59.8%54.9%-15.9%-20.5%
5 Year71.3%66.4%100.6%90.7%-5.7%-10.6%

Price Volatility Vs. Market

How volatile is Waterbase's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Waterbase undervalued compared to its fair value and its price relative to the market?

16.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 523660 (₹90.45) is trading above our estimate of fair value (₹23.89)

Significantly Below Fair Value: 523660 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 523660 is poor value based on its PE Ratio (16.7x) compared to the Food industry average (10.6x).

PE vs Market: 523660 is poor value based on its PE Ratio (16.7x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523660's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 523660 is overvalued based on its PB Ratio (2x) compared to the IN Food industry average (0.8x).


Next Steps

Future Growth

How is Waterbase forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.5%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Waterbase has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Waterbase performed over the past 5 years?

17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523660 has high quality earnings.

Growing Profit Margin: 523660's current net profit margins (6.9%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: 523660's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: 523660's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 523660 had negative earnings growth (-29.5%) over the past year, making it difficult to compare to the Food industry average (20.6%).


Return on Equity

High ROE: 523660's Return on Equity (12.1%) is considered low.


Next Steps

Financial Health

How is Waterbase's financial position?


Financial Position Analysis

Short Term Liabilities: 523660's short term assets (₹1.8B) exceed its short term liabilities (₹625.9M).

Long Term Liabilities: 523660's short term assets (₹1.8B) exceed its long term liabilities (₹89.8M).


Debt to Equity History and Analysis

Debt Level: 523660's debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: 523660's debt to equity ratio has reduced from 11% to 5.3% over the past 5 years.

Debt Coverage: 523660's debt is well covered by operating cash flow (151.6%).

Interest Coverage: 523660's interest payments on its debt are well covered by EBIT (40.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Waterbase's current dividend yield, its reliability and sustainability?

1.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 523660's dividend (1.66%) is higher than the bottom 25% of dividend payers in the Indian market (0.96%).

High Dividend: 523660's dividend (1.66%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

Stable Dividend: 523660 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 523660 has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.6%), 523660's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Ramakanth Akula (51yo)

5.67s

Tenure

₹20,517,000

Compensation

Mr. Ramakanth V. Akula has been the Chief Executive Officer of The Waterbase Limited since joining on August 1, 2014. 


CEO Compensation Analysis

Compensation vs Market: Ramakanth's total compensation ($USD269.96K) is above average for companies of similar size in the Indian market ($USD47.67K).

Compensation vs Earnings: Ramakanth's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ramakanth Akula
Chief Executive Officer5.67yrs₹20.52m0.000010% 371.6
R. Sureshkumar
Chief Financial Officer3.33yrs₹6.57mno data
R. Achuthan
Company Secretary & Compliance Officer1.92yrs₹1.89mno data

3.3yrs

Average Tenure

Experienced Management: 523660's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anil Bhandari
Additional Non-Executive & Independent Director31.75yrs₹854.00kno data
Vikramaditya Thapar
Non-Executive Chairman15.75yrs₹789.00k0.25% 9.5m
Ranjit Mehta
Additional Non-Executive & Independent Director9.5yrs₹854.00kno data
Varun Thapar
Non Executive Director6.17yrs₹769.00k0.41% 15.2m
Rahul Kapur
Non-Executive & Independent Director4.5yrs₹719.00kno data
Shashikala Venkatraman
Additional Non-Executive & Independent Director0.42yrno datano data

7.8yrs

Average Tenure

71yo

Average Age

Experienced Board: 523660's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Waterbase Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Waterbase Limited
  • Ticker: 523660
  • Exchange: BSE
  • Founded: 1987
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₹3.716b
  • Shares outstanding: 41.43m
  • Website: https://www.waterbaseindia.com

Number of Employees


Location

  • The Waterbase Limited
  • Thapar House
  • No. 37 Montieth Road
  • Chennai
  • Tamil Nadu
  • 600008
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523660BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 1995
WATERBASENSEI (National Stock Exchange of India)YesEquity SharesININRSep 1995

Biography

The Waterbase Limited operates as an aquaculture company in India. It produces and trades in shrimp feed, such as block frozen and cooked Vannamei, tiger shrimp, and scampi feed; and other feed. The company also engages in shrimp hatchery activities. It markets its products under the BayWhite, Ultra XL, Tiger Bay XL, and Magnum brand names. The company also exports its products to Japan, the United States, Europe, and internationally. The company was founded in 1987 and is based in Chennai, India. The Waterbase Limited is a subsidiary of Nav Srijit Shakti Telangana Private Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 12:44
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.