Quick Facts / Company Snapshot
- Company Name: The Waterbase Limited
- Industry: Aquaculture / Seafood
- Founded: 1987
- Headquarters: Chennai, Tamil Nadu, India
- Parent Group: Karam Chand Thapar (KCT) Group
- Chairman: Mr. Varun Aditya Thapar
- Chief Executive Officer: Mr. Ramakanth V Akula
- Total Revenue (FY 2024-25): ₹27,770.66 Lakhs
- Market Capitalization: Listed on BSE (Scrip Code: 523660)
- Primary Business: Shrimp Feed Manufacturing and Seafood Processing
- Feed Mill Capacity: 1,00,000 MT per annum
- Key Export Markets: United States, Europe, Japan, China
- Flagship Feed Brand: Bay White
- Subsidiary: Waterbase Frozen Foods Private Limited
- Registered Office: Ananthapuram Village, Nellore, Andhra Pradesh
- Total Employees: 226 (Permanent)
- Sustainability Focus: Antibiotic-free, traceable, and sustainable aquaculture
- Quality Certifications: ISO 9001, FDA Listed, BAP Certified, EU Approved
- R&D Expenditure (Revenue): ₹91.30 Lakhs (FY 2024-25)
- Net Debt to Equity Ratio: 0.28 (FY 2024-25)
Company Overview
The Waterbase Limited is a pioneering force in the Indian aquaculture sector, established as a fully integrated “Farm to Fork” player. Incorporated in 1987, the company is a proud member of the distinguished Karam Chand Thapar (KCT) Group, a diversified conglomerate with a legacy dating back to 1929. The Waterbase Limited has spent over three decades revolutionizing shrimp farming in India, transitioning from a feed manufacturer to a comprehensive solutions provider that encompasses the entire value chain—from high-quality shrimp feed and farm care products to world-class shrimp processing and exports.
Operating with a mission to supply products of the highest quality and deliver superior service, Waterbase serves a dual clientele: the domestic farmer community and the global seafood consumer. The company’s integrated model is its defining competitive advantage, creating a seamless link between hatchery operations, feed manufacturing, farm-care innovation, and modern processing capabilities. This integration ensures complete traceability, quality control, and biosecurity, which are critical in the rigorous global seafood market.
Headquartered in Chennai with manufacturing facilities in the aquaculture hub of Nellore, Andhra Pradesh, Waterbase is steadfast in its commitment to “democratizing” scientific shrimp farming. The company actively engages with thousands of farmers, providing technical support, training, and “Cash-and-carry” inputs to enhance farm productivity and sustainability. Despite facing industry headwinds, the company remains “On the Move,” leveraging its robust infrastructure and KCT Group heritage to maintain market leadership and drive the Indian aquaculture economy forward.
Business Segments
The Waterbase Limited operates through an integrated business model categorized into distinct but synergistic segments. Each vertical plays a vital role in the company’s value chain, contributing to its “Farm to Fork” philosophy.
1. Processed Shrimp
- Revenue: ₹13,390.25 Lakhs
- Percentage of Total Revenue: 48.22%
- Operational Scope: This segment represents the company’s export-oriented arm, focusing on value addition and global distribution. Utilizing state-of-the-art freezing technology and automated quality control systems, Waterbase processes harvested shrimp into premium products such as Individually Quick Frozen (IQF), Block Frozen, and Cooked shrimp. The processing facility in Nellore is FDA-listed, EU-approved, and HACCP-compliant, ensuring that products meet the stringent safety and hygiene standards of discerning markets like the USA, Japan, and Europe. This segment connects Indian farm produce directly to global retail and food service chains.
2. Shrimp Feed
- Revenue: ₹13,059.95 Lakhs
- Percentage of Total Revenue: 47.03%
- Operational Scope: Shrimp Feed is the cornerstone of the company’s domestic operations. Waterbase manufactures scientifically formulated feeds tailored for specific shrimp species, primarily L. vannamei (Whiteleg shrimp) and P. monodon (Black Tiger shrimp). The feed is produced at the company’s ISO 9001 certified plant with an installed capacity of 1,00,000 MT per annum. The operational model has recently shifted towards a conservative “cash and carry” approach to mitigate credit risk and improve working capital efficiency. This segment is supported by an extensive distribution network and technical support teams that assist farmers in feed management and pond health.
3. Others (Hatchery & Frozen Seafood)
- Revenue: ₹1,320.46 Lakhs
- Percentage of Total Revenue: 4.75%
- Operational Scope: This segment comprises the ancillary but critical components of the aquaculture ecosystem:
- Hatchery Operations: Waterbase operates advanced hatcheries to produce high-quality, disease-free shrimp seed (Post Larvae). Access to quality seed is the first step in successful farming, and this vertical ensures farmers have a reliable start to their crop cycle.
- Farm Care Products: The company markets a range of probiotics and water quality enhancers that support sustainable farming practices.
- Domestic Frozen Seafood: A portion of the processed seafood is distributed within the domestic Indian market, catering to the growing local demand for high-protein convenience foods.
History and Evolution
The Waterbase Limited traces its roots back to 1987, established as Thapar Waterbase Limited under the stewardship of Mr. Vikramaditya Mohan Thapar. It was conceived with a vision to introduce scientific aquaculture practices to India, a sector that was then in its nascence.
- Foundation (1987): Incorporated as part of the KCT Group, the company set up India’s first integrated aquaculture unit in Nellore, Andhra Pradesh. This facility was unique for its time, housing a feed plant, hatchery, and processing unit in close proximity to farming zones.
- Pioneering Vannamei: Waterbase was instrumental in the Indian aquaculture industry’s shift from Black Tiger shrimp to the high-yield L. vannamei species. It launched Bay White, the first successful Indian feed brand specifically developed for Vannamei shrimp farming, revolutionizing the sector’s productivity.
- Expansion and Modernization: Over the decades, the company expanded its manufacturing footprint. The feed mill capacity was scaled up to 1,00,000 MT per annum to meet growing demand. The processing plant underwent significant modernization, adopting advanced automation and freezing technologies to comply with evolving global food safety standards.
- Strategic Resilience (2024-25): In its 38th year, the company adopted the theme “On the Move,” reflecting its resilience against global trade headwinds and regulatory shifts. The company successfully navigated challenges such as US seafood tariffs and fluctuating global demand by recalibrating its financial strategies and focusing on operational excellence.
Today, leveraging over 30 years of expertise, Waterbase stands as a custodian of best practices in the industry, continuously evolving from a feed manufacturer to a holistic solutions provider for the blue economy.
Products and Services
The company offers a comprehensive portfolio designed to support every stage of the shrimp lifecycle, from seed to harvest and export.
1. Shrimp Feed
- Revenue Contribution: Primary revenue driver alongside Processing.
- Description: The company produces a wide range of feeds formulated with international nutritional expertise. Ingredients are rigorously tested for consistency and nutrient composition.
- Vannamei Feed: Tailored for Litopenaeus vannamei, focusing on optimal Feed Conversion Ratios (FCR) and rapid growth.
- Tiger Shrimp Feed: Specialized formulations for Penaeus monodon, supporting modified extensive farming systems.
- Scampi Feed: Designed for freshwater prawn cultivation.
- Functional Feeds: Includes “Enriched” variants with functional additives to boost immunity and stress resistance in shrimp.
2. Processed Shrimp (Exports)
- Revenue Contribution: Primary revenue driver.
- Description: Waterbase processes shrimp into value-added forms for international markets.
- Product Forms: Individually Quick Frozen (IQF), Block Frozen, and Cooked shrimp.
- Quality Assurance: The processing plant utilizes “Farm to Fork” traceability, ensuring that every batch can be traced back to its source. The facility is equipped with superior freezing technology to lock in freshness and taste immediately after harvest.
3. Farm Care & Animal Healthcare
- Revenue Contribution: Included in ‘Others’ segment.
- Description: To mitigate disease risks and improve yields, Waterbase offers a suite of farm care solutions:
- Probiotics: For soil and water quality management (e.g., controlling Vibrio bacteria).
- Water Quality Enhancers: Products to maintain dissolved oxygen levels and mineral balance.
- Health Supplements: Additives to improve gut health and immunity in shrimp.
4. Hatchery (Shrimp Seed)
- Revenue Contribution: Included in ‘Others’ segment.
- Description: The company operates hatcheries to supply high-health Vannamei Post Larvae (PL). By controlling the quality of the seed, Waterbase helps farmers reduce the risk of early-stage mortality and ensures a robust crop foundation.
Brand Portfolio
Waterbase has established strong brand equity in the aquaculture community through a diverse portfolio of feed and healthcare brands.
1. Bay White
- Category: Shrimp Feed (L. vannamei)
- Profile: Bay White is the company’s flagship brand and the first successful Indian brand for Vannamei shrimp. It is formulated with a balanced mix of highly digestible marine and vegetable proteins, phospholipids, cholesterol, and omega-3 fatty acids. It features “HP Boost” technology to enhance fat absorption and an antimicrobial blend to support beneficial gut bacteria.
2. Vanamax
- Category: Shrimp Feed (L. vannamei)
- Profile: Vanamax is positioned as a scientifically advanced feed that creates an equilibrium of micro-nutrients to support biochemical processes. Its key value proposition is reducing the impact of diseases caused by viruses, bacteria, and parasites, making it a robust choice for challenging farming conditions.
3. Tiger Bay XL
- Category: Shrimp Feed (P. monodon & High-density Vannamei)
- Profile: Designed originally for Black Tiger shrimp in modified extensive systems, Tiger Bay XL is a cost-effective, balanced feed. It is renowned for stabilizing osmoregulation and supporting performance across varying salinity levels. It is also effectively used in high-density Vannamei culture.
4. Magnum
- Category: Scampi Feed
- Profile: Magnum is a specialized feed for Scampi (Macrobrachium Rosenbergii). It incorporates high-quality attractants and low-phosphorous leaching plant proteins. The feed contains molting stimulators to ensure regular growth cycles and better profitability for Scampi farmers.
5. Farm Care Brands
- Category: Animal Health & Pond Management
- Profile:
- Baymin: Maintains adequate mineral levels in pond water.
- VC-9: A farm-specific probiotic designed to control pathogenic Vibrio bacteria.
- Whitekure: Specifically formulated to control White Feces Syndrome.
- Oxylyf: Enhances dissolved oxygen levels in ponds.
- Nutri Pond: Supports the growth of beneficial bacteria for a healthy pond ecosystem.
Geographical Presence
The Waterbase Limited has a strategic dual-geography focus, balancing domestic production with international sales.
1. India (Domestic Market)
- Revenue: ₹14,060.17 Lakhs
- Percentage of Total Revenue: 52.19%
- Footprint:
- Manufacturing: The core manufacturing hub is located in Nellore District, Andhra Pradesh, strategically close to India’s largest shrimp farming belt.
- Distribution: The company has a strong farmer-connect network across key coastal states including Andhra Pradesh, Gujarat, Maharashtra, Goa, Tamil Nadu, Odisha, and West Bengal.
- Operations: Includes feed sales, hatchery operations, and domestic frozen food sales.
2. Outside India (Export Market)
- Revenue: ₹12,881.65 Lakhs
- Percentage of Total Revenue: 47.81%
- Footprint:
- Key Markets: The company exports processed shrimp to discerning global markets, predominantly the United States, Europe, Japan, and China.
- Operations: This segment is entirely driven by the Processed Shrimp vertical. The company’s compliance with FDA, EU, and BAP standards allows it to penetrate these high-entry-barrier markets effectively.
Financial Performance Analysis
Consolidated Performance Overview
The financial year 2024-25 was a period of recalibration for Waterbase. The company faced significant industry headwinds including volatile global shrimp prices, oversupply in export markets, and regulatory challenges like US tariffs. Consequently, the company prioritized balance sheet strength and liquidity over aggressive top-line growth.
- Total Income: Decreased to ₹28,293.01 Lakhs from ₹34,233.52 Lakhs in the previous year.
- Profitability: The company reported a net loss, primarily driven by the Processing vertical which faced turbulent market conditions.
- Strategic Response: The management implemented a “cash and carry” model in the feed segment to secure liquidity and reduce credit risk, which temporarily impacted volumes but strengthened the financial foundation.
Profit and Loss Analysis
The Statement of Profit and Loss reflects the challenging operating environment and the company’s prudent fiscal measures.
- Revenue from Operations: ₹27,770.66 Lakhs (Previous Year: ₹33,925.31 Lakhs).
- Total Income: ₹28,293.01 Lakhs (Including Other Income of ₹522.35 Lakhs).
- Cost of Materials Consumed: ₹22,865.49 Lakhs. This remains the largest expense component, reflecting the cost of raw materials like soya, fish meal, and raw shrimp.
- Employee Benefits Expense: ₹2,335.31 Lakhs.
- Finance Costs: ₹275.46 Lakhs.
- Depreciation and Amortization: ₹808.39 Lakhs.
- Other Expenses: ₹6,225.56 Lakhs.
- Loss Before Tax: (₹2,389.71 Lakhs).
- Net Loss After Tax: (₹1,816.14 Lakhs).
- Earnings Per Share (Basic & Diluted): (₹4.38).
Key Insights:
- Margin Pressure: The operating margin was under pressure due to elevated input costs and lower realizations in the export market.
- Expense Control: Despite revenue contraction, the company maintained discipline in fixed costs, though raw material volatility impacted gross margins.
Balance Sheet Analysis
The Balance Sheet demonstrates the company’s robust asset base and solvent position despite the operational loss.
- Total Assets: ₹24,448.32 Lakhs.
- Non-Current Assets: ₹10,597.78 Lakhs, with Property, Plant and Equipment constituting ₹7,439.47 Lakhs.
- Current Assets: ₹13,850.54 Lakhs, including Inventories of ₹8,912.42 Lakhs and Trade Receivables of ₹3,327.60 Lakhs.
- Total Equity: ₹15,518.60 Lakhs.
- Equity Share Capital: ₹4,142.68 Lakhs.
- Other Equity: ₹11,375.92 Lakhs.
- Total Liabilities: ₹8,929.72 Lakhs.
- Borrowings: Current borrowings stood at ₹4,381.35 Lakhs, primarily working capital facilities secured against current assets.
- Trade Payables: ₹3,251.96 Lakhs.
- Ratios:
- Current Ratio: 1.60 (Indicates adequate liquidity to meet short-term obligations).
- Debt-Equity Ratio: 0.28 (Reflects a low-leverage capital structure, providing financial stability).
Cash Flow Analysis
- Net Cash from Operating Activities: (₹1,255.17 Lakhs).
- The negative operating cash flow was largely influenced by the operating loss and working capital adjustments, specifically inventory accumulation in the processing plant.
- Net Cash from Investing Activities: (₹206.60 Lakhs).
- Outflows were primarily for the acquisition of property, plant, and equipment (₹877.63 Lakhs), offset by proceeds from fixed deposits matured.
- Net Cash from Financing Activities: (₹66.99 Lakhs).
- This includes interest payments and adjustments in working capital borrowings.
- Net Decrease in Cash and Cash Equivalents: (₹1,528.76 Lakhs).
- Closing Cash and Cash Equivalents: (₹1,832.77 Lakhs) – (Includes bank overdrafts).
Board of Directors and Leadership Team
The company is guided by a Board comprising experienced professionals from the KCT Group and independent industry experts.
Board of Directors
- Mr. Vikramaditya Mohan Thapar: Chairman Emeritus. A visionary leader who promoted the company and established its foundation in the KCT Group legacy.
- Mr. Varun Aditya Thapar: Chairman & Non-Executive Director. He provides strategic oversight and represents the promoter group’s commitment to the business.
- Ms. Nitasha Thapar: Non-Executive Director. Part of the promoter group, bringing continuity and governance oversight.
- Mr. Rahul C Mehta: Independent Director. Brings independent judgment and expertise to the Board’s deliberations.
- Mr. Rahul Kapur: Independent Director.
- Ms. Shashikala Venkatraman: Independent Director. Adds diversity and independent perspective to governance.
- Mr. Ramakanth V Akula: Whole Time Director and Chief Executive Officer.
Key Management Personnel (KMP)
- Mr. Ramakanth V Akula: CEO. Leads the executive team and operational strategy.
- Mr. R Sureshkumar: Chief Financial Officer (CFO), Company Secretary & Compliance Officer. Responsible for financial stewardship and regulatory compliance.
Committees
- Audit Committee: Oversees financial reporting and internal controls.
- Nomination and Remuneration Committee: Handles appointment and remuneration policies.
- Stakeholders Relationship Committee: Addresses investor grievances.
- Corporate Social Responsibility (CSR) Committee: Guides social initiatives.
- Risk Management Committee: Monitors business risks and mitigation strategies.
Subsidiaries, Associates, Joint Ventures
The Waterbase Limited has one wholly-owned subsidiary.
1. Waterbase Frozen Foods Private Limited
- Status: Wholly Owned Subsidiary (100% Ownership).
- Formerly Known As: Saatatya Vistaar Oorja Bengaluru Private Limited.
- Contribution: The subsidiary reported a net loss of ₹0.82 Lakhs for the year.
- Operational Status: As per the report, it has not yet commenced significant commercial operations contributing to revenue but remains a strategic entity for future frozen food initiatives.
Physical Properties
The company’s physical infrastructure is concentrated in Andhra Pradesh, the heart of India’s aquaculture industry, ensuring proximity to raw materials and farming bases.
Manufacturing Units
- Unit I (Feed Plant): Located at Ananthapuram Village, SPSR Nellore, Andhra Pradesh – 524344. This is the primary feed manufacturing hub.
- Unit II: Located at Bogole Village & Mandal, SPSR Nellore, Andhra Pradesh – 524142.
- Processing Plant: A state-of-the-art shrimp processing facility located in Nellore, equipped with advanced freezing and quality control technology.
Hatchery
- Location: Ramachandrapuram Village, Vidavalur, Varini, SPSR Nellore, Andhra Pradesh – 524344. Dedicated to producing high-quality shrimp seeds.
Offices
- Registered Office: Ananthapuram Village, Nellore, Andhra Pradesh.
- Corporate Office: Thapar House, 37, Montieth Road, Egmore, Chennai – 600 008. Serves as the central administrative and strategic headquarters.
Segment-wise Performance
Shrimp Feed
- Performance: Revenue stood at ₹13,059.95 Lakhs.
- Trend: The segment saw a dip in volumes due to the strategic shift to a “cash and carry” model. This conservative approach curbed revenue growth but significantly reduced credit risk exposure, protecting the balance sheet from potential bad debts in a volatile market.
- Operational Highlight: Focus remained on maintaining quality and engaging with farmers through technical outreach to sustain brand loyalty.
Processed Shrimp
- Performance: Revenue stood at ₹13,390.25 Lakhs.
- Trend: This segment matched the previous year’s revenue but faced severe profitability challenges due to a global oversupply and weak prices in the US and EU markets.
- Operational Highlight: The company invested in debottlenecking and automation upgrades at the plant to improve efficiency and cost structures for the future.
Others
- Performance: Revenue stood at ₹1,320.46 Lakhs.
- Trend: This segment showed resilience, contributing to the diversified revenue stream through hatchery and farm care product sales.
Founders
The Waterbase Limited was promoted by Mr. Vikramaditya Mohan Thapar, the current Chairman Emeritus. He is a prominent industrialist and the Chairman of the KCT (Karam Chand Thapar) Group.
The KCT Group, founded in 1929 by the late Mr. Karam Chand Thapar, is one of India’s most respected conglomerates. Mr. Vikram Thapar’s vision in 1987 was to leverage India’s vast coastline and bring structured, scientific aquaculture to the country. Under his patronage, Waterbase introduced integrated farming technologies that were pivotal in establishing India as a global shrimp superpower.
Shareholding Pattern
The company’s shareholding structure reflects strong promoter commitment and institutional confidence.
- Promoter & Promoter Group: 69.04%
- Aquavista Enterprises Private Limited: Holds the majority stake (52.95%), acting as the immediate holding company.
- Karam Chand Thapar & Bros. (Coal Sales) Limited: 7.83%
- KCT Financial & Management Services Private Limited: 7.30%
- Individual Promoters: Includes Mr. Varun Aditya Thapar (0.41%), Mr. Vikramaditya Mohan Thapar (0.13%), and family members.
- Public & Others: 30.96%
- This comprises retail investors, corporate bodies, and other public shareholders.
Parent Company
- Name: Aquavista Enterprises Private Limited
- Former Name: Nav Srijit Shakthi Telangana Private Limited
- Profile: Aquavista Enterprises is the holding company of The Waterbase Limited, owning 52.95% of its equity. It acts as the primary investment vehicle for the KCT Group’s interest in the aquaculture sector.
- Ultimate Group:Karam Chand Thapar (KCT) Group.
- The KCT Group is a diversified Indian conglomerate with interests spanning Coal and Logistics, Real Estate, Capital Goods, and Renewable Energy. The group is known for its deep industrial roots and ethical business practices dating back to the pre-independence era.
Investments and Capital Expenditure Plans
Despite a challenging financial year, Waterbase continued to invest in its future capabilities, viewing the downturn as an opportunity to build resilience.
- Capex Allocation: The company incurred capital expenditure of ₹877.63 Lakhs during the year.
- Processing Plant: Significant investments were made in automation and capacity debottlenecking to improve processing efficiency and scalability.
- Feed Mill: Upgrades to the electrical systems and machinery were undertaken to ensure safety and energy efficiency.
- R&D Spending: Revenue expenditure on Research & Development stood at ₹91.30 Lakhs, with an additional ₹24.14 Lakhs in capital R&D expenses.
- Strategic Priorities:
- Alternative Proteins: Research is focused on developing feed formulations using alternative plant-based proteins (like insect meal and algae) to reduce dependency on expensive fishmeal.
- Digital Integration: Investment in data analytics tools and farm monitoring solutions to provide actionable intelligence to farmers.
Future Strategy
The management has outlined a clear “On the Move” strategy to navigate the current transition and return to profitable growth.
- Capacity Expansion: Plans are in place to expand capacity in both feed and processing verticals to capture market share when the cycle turns.
- Farmer Empowerment: The company aims to intensify direct outreach, providing precision aquaculture training and biosecurity modules to safeguard farmer crops and yields.
- Market Diversification: To mitigate risks from US tariffs, Waterbase is actively seeking to diversify its export destinations, targeting growth in East Asia, the Middle East, and Europe.
- Value Addition: The product pipeline is shifting towards “convenience” and “value-added” segments (e.g., marinated, ready-to-cook) to capture higher margins and meet evolving consumer preferences.
- Sustainability: A renewed focus on sustainability certifications and traceability to meet tightening international norms and appeal to eco-conscious consumers.
Key Strengths
- Integrated “Farm to Fork” Model: Complete control over the value chain (Hatchery -> Feed -> Farm Care -> Processing -> Export) ensures superior traceability and quality control.
- Strong Parentage: Backed by the KCT Group, providing financial stability, strategic guidance, and a legacy of trust.
- Diversified Revenue: A balanced revenue mix between domestic feed sales (approx. 47%) and international exports (approx. 48%) acts as a natural hedge against market volatility in any single geography.
- Brand Equity: Established brands like “Bay White” and “Tiger Bay XL” command high trust and recall among Indian farmers.
- Regulatory Compliance: The processing facility holds top-tier certifications (FDA, EU, BAP), enabling access to the most lucrative global markets.
- R&D Capabilities: An advanced in-house R&D facility allows for continuous product innovation and cost optimization in feed formulations.
Key Challenges and Risks
- Market Volatility: The shrimp industry is highly cyclical. Global oversupply and fluctuating farm-gate prices directly impact farmer profitability and, consequently, feed demand.
- Regulatory & Trade Barriers: Export operations are vulnerable to trade policies, such as the anti-dumping duties and new seafood tariffs proposed by the USA.
- Disease Outbreaks: Aquaculture is susceptible to disease risks (e.g., Vibrio, White Spot Syndrome), which can wipe out crops and severely impact feed sales.
- Raw Material Costs: Volatility in the prices of key inputs like soya and fishmeal affects gross margins in the feed segment.
- Exchange Rate Fluctuations: With nearly half of its revenue coming from exports, the company is exposed to forex risks, primarily the USD-INR exchange rate.
Conclusion and Strategic Outlook
The Waterbase Limited has demonstrated remarkable resilience in a year characterized by global turbulence. By adhering to a strict “cash and carry” discipline and investing in automation during a downturn, the company has protected its balance sheet while preparing for the next upcycle. Its strategic pivot towards alternative feed ingredients and value-added processing positions it well to capitalize on the long-term structural growth of the global seafood industry.
As the industry stabilizes, Waterbase’s integrated model, combined with its unwavering commitment to quality and farmer prosperity, ensures it remains a definitive leader in the Indian aquaculture space. The company is not just navigating the current tides but is actively charting a course toward a sustainable and profitable future.
Official Site: https://waterbaseindia.com
FAQ Section:
- What does The Waterbase Limited do? The Waterbase Limited is a fully integrated aquaculture company. It manufactures shrimp feed, produces shrimp seed (hatchery), manufactures farm care products, and processes harvested shrimp for export to global markets like the USA and Europe.
- Who is the owner of The Waterbase Limited? The company is part of the Karam Chand Thapar (KCT) Group. It is promoted by Mr. Vikramaditya Mohan Thapar, and the current Chairman is Mr. Varun Aditya Thapar.
- What are the key brands of Waterbase? Key brands include “Bay White” and “Vanamax” for Vannamei shrimp feed, “Tiger Bay XL” for Tiger shrimp, “Magnum” for Scampi, and farm care products like “Baymin” and “VC-9”.
- Where are The Waterbase Limited’s factories located? The company’s manufacturing facilities, including its Feed Mills and Shrimp Processing Plant, are located in Nellore District, Andhra Pradesh. It also operates a hatchery in the same region.
- What is the revenue of The Waterbase Limited? For the financial year 2024-25, the company reported a total revenue of ₹27,770.66 Lakhs.
- Does Waterbase export its products? Yes, approximately 48% of the company’s revenue comes from exports. It exports processed shrimp (IQF, Block Frozen, Cooked) to markets including the USA, Europe, Japan, and China.
- Is The Waterbase Limited a listed company? Yes, The Waterbase Limited is listed on the Bombay Stock Exchange (BSE) under the scrip code 523660.
Content is based on publicly available corporate filings, regulatory disclosures, annual reports, 10-K filings, Investor Relations materials, and direct mail communication with the company.
