Waterbase Ltd – Q1FY15 Results Update

Waterbase Ltd, came out with excellent set of numbers for Q1-FY15. The revenues are up 35% YoY to 85.85cr and net profits are up 71% to 7.49 cr. Furthermore, the icing on cake has been the declaration of a maiden 10% interim dividend. The dividend declaration is a huge development. This will take it to the radars of big funds and will also give the stock price a downside protection. A Further interesting point to note is that the operating margins of Waterbase are much better than its larger peer Avanti Feeds. This instills a lot of confidence in Waterbase. Read more about the company here.

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18 Responses to Waterbase Ltd – Q1FY15 Results Update

  1. thakral says:

    yes sir u are right…it will break all time high of 44 in this week itself…and immediate target is 60 around

  2. A.p. says:

    Hi, your view on Ricoh India ?

  3. Salim Khan says:

    Dear, following scripts are in my portfolio in 10K nos : ILFS manager @ 15/-, TRF @140/-, Bilcare @ 96/-, , HSIL @120/-, Sanghvi Movers @ 89/-, Suzlon @ 32/- and Texmaco PIpes @ 15/-. Kindly advice if these stocks in long term will give multibagger gains just like Granules or advice other better ones. Recently have in mind to buy dynemic products/gulshan poly…..kindly advice.

    • Salim Khan says:

      Dear, following scripts are in my portfolio in 10K nos : ILFS manager @ 15/-, TRF @140/-, Bilcare @ 96/-, , HSIL @120/-, Sanghvi Movers @ 89/-, Suzlon @ 32/- and Texmaco PIpes @ 15/-. Kindly advice if these stocks in long term will give multibagger gains just like Granules or advice other better ones. Recently have in mind to buy dynemic products/gulshan poly…..kindly advice.

    • overall good stock selection. Be vigilant of texmaco though. Suzlon buying price is not that great, but still no need to book losses if you have few years of horizon.

  4. Salim Khan says:

    Thx….I meant texmo pipes….any better picks do you have as I have some amount to buy stocks…what about dynemic products and gulshan poly…are they good?

    • yes, even i meant texmo pipe (type on my side probably). Waterbase is my top conviction at the moment. One of the top 2 players in a turnaround industry backed by good dividend yield. Technically also, brilliant. I liked dynemic products, it was on my radar but was taken aback by their decision to split a 40rs share. I did not appreciate this. Although better sense prevailed and they did not go ahead with this but as of now, I am yet to get conviction on this. Also remember its in dyes and chemicals area which normally do not get very high PE and also is a commodities business. I am yet to dig deeper in this stock so cannot say no or yes at the moment. Gulshan Poly – no take on this.

  5. Salim Khan says:

    What is the reason for being cautious on texmo ?….any new ideas expected soon like waterbase?…….also water base has still chance of multibagger returns?

  6. Salim Khan says:

    Water base is on upper circuit……how to buy in such case?

    • wait for the price to settle. After the dividend’s ex-date, it should settle down and consolidate a bit. Then you can buy. Although you have missed one bit of re-rating, there’s lot more to go.If you are patient enough, you might get very good appreciation on a couple of years. Remember a stock which has gone up 5X can go up another 5X and then again another 5X (if it is backed by performance).

  7. Salim Khan says:

    Is it tright time to buy water base?

  8. Salim Khan says:

    Wonderful!….I guess on 13th will be the right time to buy…..as it may not be on downside for long time….what do you say?…..if it is going to extend further gains than I would better buy huge quantities….

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