Price
Financials
Standalone, Rs crore| 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 | 86.76 | 73.96 | 67.31 | 72.43 | 62.10 | 66.79 | 76.38 | 87.14 | 81.72 | 101.56 | 79.32 | 121.49 |
| Expenses | 87.36 | 76.35 | 71.76 | 78.36 | 66.42 | 69.99 | 81.22 | 89.85 | 86.33 | 102.75 | 80.92 | 118.12 |
| Operating Profit | -0.60 | -2.39 | -4.45 | -5.93 | -4.32 | -3.20 | -4.84 | -2.71 | -4.61 | -1.19 | -1.60 | 3.37 |
| OPM % | -0.69% | -3.23% | -6.61% | -8.19% | -6.96% | -4.79% | -6.34% | -3.11% | -5.64% | -1.17% | -2.02% | 2.77% |
| Other Income | 0.61 | 0.34 | 0.94 | 0.39 | 3.87 | 0.19 | 0.78 | 0.99 | 0.27 | 0.59 | 0.54 | 1.20 |
| Interest | 0.76 | 0.51 | 0.61 | 0.69 | 0.64 | 0.50 | 0.92 | 1.01 | 1.18 | 1.29 | 1.35 | 1.56 |
| Depreciation | 2.50 | 2.33 | 2.20 | 2.28 | 2.13 | 1.81 | 1.86 | 1.72 | 1.74 | 1.67 | 1.83 | 1.49 |
| Profit before tax | -3.25 | -4.89 | -6.32 | -8.51 | -3.22 | -5.32 | -6.84 | -4.45 | -7.26 | -3.56 | -4.24 | 1.52 |
| Tax % | -25.54% | -14.93% | -24.37% | -25.50% | -23.29% | -26.69% | -20.61% | -26.07% | -25.48% | -26.40% | -21.46% | 21.71% |
| Net Profit | -2.42 | -4.15 | -4.77 | -6.34 | -2.47 | -3.91 | -5.43 | -3.29 | -5.41 | -2.63 | -3.33 | 1.19 |
| EPS in Rs | -0.58 | -1.00 | -1.15 | -1.53 | -0.60 | -0.94 | -1.31 | -0.79 | -1.31 | -0.63 | -0.80 | 0.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 300 | 320 | 339 | 362 | 318 | 207 | 292 | 298 | 332 | 273 | 350 | 384 |
| Expenses | 288 | 289 | 281 | 311 | 286 | 193 | 284 | 294 | 336 | 291 | 360 | 388 |
| Operating Profit | 12 | 30 | 58 | 51 | 32 | 14 | 7 | 4 | -4 | -18 | -10 | -4 |
| OPM % | 4.0% | 10% | 17% | 14% | 10% | 7% | 2.4% | 1.4% | -1.1% | -7% | -2.9% | -1.1% |
| Other Income | -1 | 2 | 2 | 6 | 2 | 3 | 3 | 3 | 3 | 5 | 2 | 3 |
| Interest | 4 | 9 | 4 | 3 | 3 | 1 | 1 | 2 | 3 | 3 | 5 | 5 |
| Depreciation | 4 | 5 | 6 | 7 | 7 | 7 | 8 | 9 | 10 | 8 | 7 | 7 |
| Profit before tax | 3 | 18 | 49 | 47 | 25 | 8 | 0 | -4 | -13 | -24 | -20 | -14 |
| Tax % | 17% | 35% | 38% | 35% | 26% | 27% | 72% | -20% | -21% | -24% | -25% | |
| Net Profit | 2 | 12 | 30 | 31 | 19 | 6 | 0 | -3 | -10 | -18 | -15 | -10 |
| EPS in Rs | 0.56 | 3.00 | 7.22 | 7.45 | 4.48 | 1.43 | 0.02 | -0.84 | -2.52 | -4.38 | -3.54 | -2.45 |
| Dividend Payout % | 89% | 33% | 21% | 20% | 0% | 70% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 2% | 11% | 5% | 31% | ||
| Compounded Profit Growth | % | % | % | 33% | ||
| Stock Price CAGR | -7% | -16% | -17% | -4% | ||
| Return on Equity | 3% | -5% | -9% | -10% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 39 | 39 | 39 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 | 41 |
| Reserves | 61 | 75 | 86 | 108 | 132 | 142 | 149 | 145 | 141 | 131 | 114 | 100 |
| Borrowings | 12 | 53 | 68 | 28 | 28 | 12 | 1 | 1 | 39 | 26 | 44 | 59 |
| Other Liabilities | 54 | 41 | 52 | 80 | 48 | 42 | 52 | 40 | 65 | 44 | 45 | 51 |
| Total Liabilities | 166 | 207 | 245 | 258 | 249 | 238 | 243 | 228 | 287 | 243 | 245 | 251 |
| Fixed Assets | 17 | 60 | 62 | 61 | 73 | 70 | 66 | 65 | 75 | 72 | 75 | 74 |
| CWIP | 1 | 3 | 3 | 9 | 1 | 1 | 0 | 3 | 4 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 148 | 144 | 180 | 188 | 175 | 167 | 177 | 159 | 207 | 169 | 169 | 176 |
| Total Assets | 166 | 207 | 245 | 258 | 249 | 238 | 243 | 228 | 287 | 243 | 245 | 251 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 12 | 12 | -13 | 55 | 20 | 44 | 52 | 2 | -37 | 7 | -13 | -5 |
| Cash from Investing Activity | -4 | -12 | -7 | -6 | -8 | -4 | -53 | 28 | -15 | 1 | -2 | -5 |
| Cash from Financing Activity | -5 | -13 | -15 | -9 | -13 | -20 | -10 | -5 | 31 | -14 | -1 | 27 |
| Net Cash Flow | 4 | -13 | -36 | 40 | -2 | 20 | -11 | 25 | -21 | -7 | -15 | 16 |
| Free Cash Flow | 7 | 6 | -21 | 43 | 9 | 40 | 50 | -10 | -54 | 1 | -21 | -13 |
| CFO/OP | 69% | 162% | -30% | 118% | 72% | 159% | 401% | 53% | -895% | -120% | 71% | 51% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 84 | 94 | 97 | 74 | 85 | 84 | 49 | 106 | 47 | 45 | 23 |
| Inventory Days | 72 | 60 | 108 | 139 | 131 | 100 | 153 | 98 | 122 | 118 | 155 | 141 |
| Days Payable | 58 | 37 | 54 | 87 | 39 | 33 | 77 | 42 | 74 | 45 | 56 | 44 |
| Cash Conversion Cycle | 89 | 107 | 148 | 149 | 165 | 153 | 159 | 105 | 154 | 120 | 143 | 120 |
| Working Capital Days | 69 | 57 | 63 | 92 | 100 | 110 | 111 | 86 | 87 | 79 | 61 | 35 |
| ROCE % | 30% | 7% | 15% | 29% | 27% | 14% | 5% | 1% | -1% | -5% | -11% | -7% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 69.05% | 69.05% | 69.05% | 69.05% | 69.04% | 69.05% | 69.05% | 69.05% | 69.05% | 69.05% | 69.05% | 69.05% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Government | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% |
| Public | 30.95% | 30.95% | 30.96% | 30.96% | 30.96% | 30.96% | 30.94% | 30.95% | 30.95% | 30.84% | 30.96% | 30.97% |
| No. of Shareholders | 37,028 | 35,844 | 36,147 | 35,299 | 36,019 | 35,619 | 35,053 | 34,713 | 34,369 | 33,336 | 33,396 | 32,860 |
Fundamentals
Market Cap₹ 195 Cr.
Current Price₹ 46.9
Book Value₹ 34.1
ROCE-7.35 %
ROE-9.89 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)31%
Compounded Profit Growth (TTM)33%
Standalone figures.
Valuation
Market capRs 189 Cr
Enterprise valueRs 242 Cr
Price to book1.33x
Price to sales0.49x
EV / sales0.63x
Earnings yield-5.40%
P/B, 3-year average1.42x
P/E, 5-year average3432.21x
P/B, 5-year average1.50x
Profitability
Operating margin (excl. other income)-2.89%
Operating margin (incl. other income)-2.20%
EBITDA margin-0.37%
Pre-tax margin-3.53%
Net profit margin-2.65%
Net margin, latest quarter0.98%
ROE-9.89%
ROCE-7.35%
ROA-5.92%
ROE, 3-year average-8.94%
ROCE, 3-year average-7.61%
ROA, 3-year average-5.77%
ROE, 5-year average-5.73%
ROCE, 5-year average-4.66%
ROA, 5-year average-3.72%
ROIC (approx.)-3.14%
Tax rate24.86%
Other income / net worth1.70%
Growth
Sales growth (latest year)28.34%
Sales CAGR, 3 years5.49%
Sales CAGR, 5 years11.09%
Sales growth QoQ53.16%
Sales growth YoY (latest quarter)39.42%
Per share
EPS (TTM)Rs -2.45
EPS (latest quarter)Rs 0.29
EPS, 3-year averageRs -3.45
EPS, 5-year averageRs -1.93
Book value per shareRs 34.01
Sales per shareRs 92.48
Cash flow per shareRs -1.25
Free cash flow per shareRs -3.13
Efficiency
Asset turnover1.39x
Fixed asset turnover4.71x
Inventory turnover2.59x
Inventory days141 days
Debtor days23 days
Debtors turnover15.89x
Creditor days44 days
Cash conversion cycle120 days
Working capital days35 days
Leverage
Total debtRs 59 Cr
Cash and bankRs 5 Cr
Net debtRs 54 Cr
Debt to equity0.42x
Interest coverage-1.52x
Owners' fund to total sources56.30%
Debt to assets23.52%
Cash flow
Cash from Operating Activity (latest year)Rs -5 Cr
Cash from Investing Activity (latest year)Rs -5 Cr
Cash from Financing Activity (latest year)Rs 27 Cr
Net Cash Flow (latest year)Rs 16 Cr
Free cash flow (latest year)Rs -13 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Statement figures
Net sales (TTM)Rs 384 Cr
Net sales (latest year)Rs 350 Cr
Sales (latest quarter)Rs 121 Cr
Operating profit excl. other income (latest year)Rs -10 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs -1 Cr
PBDT (TTM)Rs -7 Cr
Profit before tax (TTM)Rs -14 Cr
Tax (latest year)Rs -5 Cr
Net profit (TTM)Rs -10 Cr
Net profit (latest year)Rs -15 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 7 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 275 Cr
Total expenditure (latest year)Rs 360 Cr
Total income (latest year)Rs 352 Cr
Share capitalRs 41 Cr
ReservesRs 100 Cr
Shareholders' fundsRs 141 Cr
Total assetsRs 251 Cr
Net blockRs 74 Cr
InvestmentsRs 0 Cr
ReceivablesRs 22 Cr
InventoryRs 106 Cr
Other liabilitiesRs 51 Cr
Shares outstanding (crore)4.15
Ownership
Promoter holding69.05% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.33 is at the 1th percentile (median 2.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | WATERBASE | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.1% | -2.8% | +2.9 pts |
| 1 month | -5.5% | -6.8% | +1.3 pts |
| 3 months | -49.1% | -7.6% | -41.5 pts |
| 6 months | -40.4% | +0.4% | -40.8 pts |
| 1 year | -44.4% | -9.9% | -34.4 pts |
| 2 years | -56.0% | -13.6% | -42.4 pts |
| 3 years | -45.0% | +14.2% | -59.2 pts |
| 5 years | -60.2% | +27.9% | -88.1 pts |
Red flags
F-score 5 of 8| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹121 Cr +39.4% vs Jun 2025.
Net profit ₹1 Cr +136.2%.
Against our estimate for Jun 2026: sales +9.0%, profit +126.8% beat. Our estimate for Sep 2026: sales Rs 99 Cr, profit Rs -3 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Apex Frozen Foods Ltd | 1,070 | 21.6 | 10.4 % |
| Sharat Industries Ltd | 626 | 37.2 | 12.9 % |
| Coastal Corporation Ltd | 238 | 7.39 | 9.64 % |
| Kings Infra Ventures Ltd | 177 | 11.8 | 19.8 % |
| Zeal Aqua Ltd | 132 | 8.96 | 14.9 % |
| Essex Marine Ltd | 76 | 12.0 | 20.3 % |
| NCC Blue Water Products Ltd | 19 | 62.5 | 2.88 % |
| Uniroyal Marine Exports Ltd | 11 | 11.0 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2023-09-22 | Annual General Meeting | |
| 2022-08-10 | Annual General Meeting | |
| 2021-09-15 | Annual General Meeting/Dividend - Re 1 Per Share | |
| 2019-09-12 | Dividend - Rs 1.50 Per Share |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Waterbase Ltd?
Waterbase Ltd (WATERBASE) has a market capitalisation of Rs 195 Cr. at the 2026-10-01 close.
What were Waterbase Ltd's latest quarterly results?
In the Jun 2026 quarter, Waterbase Ltd sales was Rs 121 Cr (+39.4% vs Jun 2025) and net profit was Rs 1 Cr.
What is the 52-week high and low of Waterbase Ltd?
The 52-week high is Rs 54.00 and the 52-week low is Rs 43.62.