Waterbase

: WATERBASE · Seafood

52W Range₹38 ₹68

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Snapshot

Unlock Waterbase's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

The Waterbase Ltd is an Indian company primarily engaged in the manufacturing of shrimp feed and the operation of shrimp aquaculture and hatchery facilities. It also processes and exports shrimp products in various forms, including IQF, block frozen, and cooked, to international markets.

Business Model

The company operates an integrated business model spanning the shrimp value chain, from feed production to processing and export. Revenue is generated through the sale of aquaculture inputs and the export of processed seafood products to global markets.

Growth Outlook

Growth is driven by the company's focus on expanding its export footprint and leveraging its FDA-listed and EU-approved processing capabilities. Continued investment in aquaculture technology and feed quality remains central to its market strategy.

Key Risks

  • Disease Outbreaks. Shrimp aquaculture is highly susceptible to viral and bacterial diseases that can significantly impact production yields.
  • Regulatory Compliance. The company's export business relies heavily on maintaining stringent international food safety standards and certifications.
  • Commodity Price Volatility. Fluctuations in the global market prices for shrimp and raw materials for feed production can adversely affect profit margins.
  • Geopolitical and Trade Risks. As an exporter, the company is exposed to changes in trade policies, tariffs, and import regulations in key markets like Japan, Europe, and the United States.

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Peers · Seafood

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
WaterbaseWATERBASE
₹207 Cr-3.0%+6.4%
Apex Frozen FoodAPEX
₹1,191 Cr23.1813.884.7%9.2%10.1%13.7%+80.3%
Sharat IndustrieSHINDL
₹644 Cr39.0821.5730.0%8.4%12.6%26.2%+34.2%

As of Mar 2026

Financials