WATERBASE

Waterbase financials

Market cap
₹193 Cr

What Waterbase Limited does

The Waterbase Limited is an integrated aquaculture company that manufactures scientifically formulated shrimp feed (brands Bay White, Vanamax, Tiger Bay XL) at its ISO 9001-certified feed mill, and makes farm-care/animal-health products (Baymin, VC-9, Whitekure, Oxylyf, Nutri Pond) for shrimp farmers. It also runs a Vannamei shrimp hatchery and an FDA-listed, EU-approved, HACCP-compliant processing plant at Nellore that freezes and exports IQF, block-frozen and cooked shrimp to Japan, Europe, the U.S. and China. Domestically it supplies feed, health-care and farm-care products to shrimp farmers across Andhra Pradesh, Gujarat, Maharashtra, Goa and Tamil Nadu, and reports its business across two operating segments: Shrimp Feeds and Processed Shrimp.

Segments

  • Shrimp Feeds
  • Processed Shrimp
Feed mill installed capacity
1,00,000 MT/annum (ISO 9001 certified)
Employees
226 officers and workmen
Shrimp processing plant
1 facility at Nellore (FDA-listed, EU-approved, HACCP-compliant)
Hatchery capacity
1 hatchery, ~250 Mn post-larvae
Operating segments
2 (Shrimp Feeds, Processed Shrimp)
Domestic distribution footprint
5 states — Andhra Pradesh, Gujarat, Maharashtra, Goa, Tamil Nadu
Headquarters Chennai, Tamil Nadu, IndiaEmployees 226 (FY25 (as of 31 March 202) Company website

Quarterly results

Q1 FY27: revenue up 39.4%, net profit up 136.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue62 67 76 87 82 +32%102 +52%79 +4%121 +39%
EBITDA-4 -3 -5 -3 -5 −7%-1 +63%-2 +67%3 +224%
Net profit-2 -4 -5 -3 -5 −119%-3 +33%-3 +39%1 +136%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −37.9% 1Y

₹50.0₹60.0₹70.0Oct 23Aug 26

1Y: ₹74.9 on 25 Oct 2023 → ₹46.54. High ₹74.9 (25 Oct 2023), low ₹46.32 (18 Aug 2026).

Financials, as filed

Revenue grew 4.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to -2.9%.

Year endingFY23FY24FY25FY26
Revenue₹304 Cr₹339 Cr₹278 Cr₹350 Cr
Operating profit₹4 Cr₹-4 Cr₹-18 Cr₹-10 Cr
Operating margin1.3%-1.1%-6.6%-2.9%
Interest₹2 Cr₹3 Cr₹3 Cr₹5 Cr
Depreciation₹9 Cr₹10 Cr₹8 Cr₹7 Cr
Net profit₹-3 Cr₹-10 Cr₹-18 Cr₹-15 Cr
Net margin-1.1%-3.1%-6.5%-4.2%
Cash from operations₹-37 Cr₹7 Cr₹-13 Cr₹-5 Cr
Free cash flow₹-54 Cr₹1 Cr₹-21 Cr₹-13 Cr
ROCE-1.0%-5.0%-11.0%-7.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹41 Cr₹41 Cr₹41 Cr₹41 Cr₹41 Cr₹41 Cr
Reserves₹149 Cr₹145 Cr₹141 Cr₹131 Cr₹105 Cr₹100 Cr
Borrowings₹1 Cr₹1 Cr₹39 Cr₹26 Cr₹50 Cr₹59 Cr
Other liabilities₹52 Cr₹40 Cr₹65 Cr₹44 Cr₹60 Cr₹51 Cr
Total liabilities₹243 Cr₹228 Cr₹287 Cr₹243 Cr₹256 Cr₹251 Cr
Fixed assets₹66 Cr₹65 Cr₹75 Cr₹72 Cr₹72 Cr₹74 Cr
Capital work in progress₹0 Cr₹3 Cr₹4 Cr₹2 Cr₹2 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹177 Cr₹159 Cr₹207 Cr₹169 Cr₹182 Cr₹176 Cr
Total assets₹243 Cr₹228 Cr₹287 Cr₹243 Cr₹256 Cr₹251 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count shrank 5% to 32,860.

Promoters
69.0%
Public
31.0%

Since Jun 2025

  • Public +0.02 pp
  • Promoters 0.00 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 69.0%, Public 30.9%.Dec '23: Promoters 69.0%, Public 30.9%.Mar '24: Promoters 69.0%, Public 31.0%.Jun '24: Promoters 69.0%, DIIs 0.0%, Public 31.0%.Sep '24: Promoters 69.0%, Public 31.0%.Dec '24: Promoters 69.0%, Public 31.0%.Mar '25: Promoters 69.0%, Public 30.9%.Jun '25: Promoters 69.0%, Public 30.9%.Sep '25: Promoters 69.0%, Public 30.9%.Dec '25: Promoters 69.0%, Government 0.1%, Public 30.8%.Mar '26: Promoters 69.0%, Public 31.0%.Jun '26: Promoters 69.0%, Public 31.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Waterbase Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.