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Waterbase Limited
(WATERBASE)
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Rating:43Neutral
Price Target:
₹43.00
▼(-14.15% Downside)
Action:N/A
Date:09/22/26
The score is weighed down primarily by weak financial quality: persistent losses, compressed margins, and renewed cash burn despite the 2026 revenue rebound, with leverage also trending higher. Technicals add further pressure as price is below key moving averages and momentum indicators are weak. Valuation provides limited support because earnings are negative and no dividend yield is available.
Positive Factors
Revenue rebound
The sharp 2026 revenue recovery indicates that demand and sales activity can reaccelerate after a weak period. If sustained, greater operating scale could improve fixed-cost absorption, strengthen the company’s market position, and support a return to positive earnings.
Negative Factors
Persistent unprofitability
Repeated annual losses show that Waterbase has not yet demonstrated durable earnings power. Negative operating profit limits internally funded growth and leaves results exposed to further deterioration if revenue recovery does not translate into sustained margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The sharp 2026 revenue recovery indicates that demand and sales activity can reaccelerate after a weak period. If sustained, greater operating scale could improve fixed-cost absorption, strengthen the company’s market position, and support a return to positive earnings.
Read all positive factors
Waterbase Limited (WATERBASE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.93B
Dividend YieldN/A
Average Volume (3M)7.99K
Price to Earnings (P/E)―
Beta (1Y)1.71
Revenue Growth31.35%
EPS Growth32.55%
CountryIN
Employees210
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)-2.46
Shares Outstanding41,426,780
10 Day Avg. Volume6,339
30 Day Avg. Volume7,986
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)1.13
Price to Sales (P/S)0.46
P/FCF Ratio-9.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Waterbase Limited Business Overview & Revenue Model
Company Description
The Waterbase Limited is an Indian enterprise specializing in aquaculture. Its core activities involve both the production and distribution of shrimp feed. Additionally, the company processes and markets a range of shrimp products, encompassing in...
How the Company Makes Money
Waterbase Limited makes money primarily by producing and selling shrimp and other aquaculture outputs across its operating chain. Its key revenue streams typically include (a) sales of farmed shrimp harvested from its aquaculture facilities, and (...
Waterbase Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.84B | 3.50B | 2.78B | 3.24B | 2.96B | 2.87B |
| Gross Profit | 588.91M | 465.80M | 358.90M | 42.80M | 144.45M | 176.94M |
| EBITDA | -32.21M | -77.17M | -130.59M | -7.34M | 66.85M | 96.40M |
| Net Income | -101.86M | -146.62M | -181.61M | -104.52M | -34.77M | 749.00K |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.51B | 2.44B | 2.42B | 2.87B | 2.27B |
| Cash, Cash Equivalents and Short-Term Investments | 103.36M | 103.36M | 71.14M | 107.83M | 295.10M | 462.47M |
| Total Debt | 0.00 | 590.06M | 438.72M | 264.07M | 386.78M | 14.69M |
| Total Liabilities | -1.41B | 1.10B | 892.97M | 699.29M | 1.04B | 414.76M |
| Stockholders Equity | 1.41B | 1.41B | 1.55B | 1.73B | 1.83B | 1.86B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -167.53M | -228.89M | 9.30M | -543.05M | -103.63M |
| Operating Cash Flow | 0.00 | -86.39M | -141.12M | 66.81M | -365.69M | 23.20M |
| Investing Cash Flow | 0.00 | -68.54M | -32.34M | 7.92M | -151.59M | 275.91M |
| Financing Cash Flow | 0.00 | 313.40M | 20.59M | -144.38M | 308.29M | -53.06M |
Waterbase Limited Technical Analysis
Positive
50.09
Price Trends
46.01
Positive
46.16
Positive
46.69
Positive
Market Momentum
-0.22
Positive
51.08
Neutral
32.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:WATERBASE, the sentiment is Positive. The current price of 50.09 is above the 20-day moving average (MA) of 47.42, above the 50-day MA of 46.01, and above the 200-day MA of 46.69, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 51.08 is Neutral, neither overbought nor oversold. The STOCH value of 32.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:WATERBASE.
Waterbase Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹101.93B | 18.68 | ― | 1.34% | 11.35% | -8.27% | |
60 Neutral | ₹11.88B | 5.56 | ― | 1.26% | 42.60% | 148.86% | |
60 Neutral | ₹11.51B | 10.36 | ― | 0.57% | 39.75% | 186.91% | |
56 Neutral | ₹7.88B | 11.40 | ― | ― | 76.01% | 59.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹2.38B | 7.38 | ― | 0.78% | 53.28% | 348.44% | |
43 Neutral | ₹1.93B | -18.93 | ― | ― | 31.35% | 32.55% |
* General Sector Average
IN:WATERBASE
Waterbase Limited
46.57
-1.23
-2.57%
IN:AVANTIFEED
Avanti Feeds Limited
748.15
114.24
18.02%
IN:COASTCORP
Coastal Corporation Limited
35.60
0.82
2.36%
IN:HMAAGRO
HMA Agro Industries Limited
23.73
-7.20
-23.28%
IN:MUKKA
Mukka Proteins Limited
26.26
-0.51
-1.91%
IN:SKMEGGPROD
SKM Egg Products Export (India) Ltd.
218.60
66.27
43.51%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.