Q3FY18 investor presentation link…
CIBA INKS STRATEGIC ALLIANCE WITH WATERBASE
Chennai, April 10, 2018: Central Institute of Brackishwater Aquaculture (CIBA), the nodal agency
for the development of brackishwater aquaculture in the country today signed a Memorandum of
Understanding (MoU) with The Waterbase Limited (Waterbase), a leading manufacturer of high quality
shrimp feed in India, for a collaborative programme of eco-friendly shrimp feed technology.
The MoU was signed in the presence of Dr. K. K. Vijayan, Director, CIBA , Mr. Varun Thapar,
Director, The Waterbase Limited and Mr. Ramakanth V. Akula, CEO, The Waterbase Limited.
As part of the MoU, CIBA will collaborate for the testing growth performance and refinement of ecofriendly
shrimp feed with Waterbase. The collaboration programme will cover technical collaboration
and assistance related to development of ecofriendly Vanami Eco plus feed.
The MoU will involve exchange of information on feed formulations and testing of identified feed
ingredients, trial feeds and any other market feed for macro and micro nutritional parameters at
CIBA’s Quality Testing Laboratory. CIBA will advise on the specific changes that are needed in feed raw
materials / additives / processing technology / formulation, aimed to achieve the desired
performance.
CIBA will provide its expertise in raw material sourcing and allow testing in its experimental ponds and
commercial ponds. Both CIBA and Waterbase will identify competent technical personnel namely
Scientists / Technicians, Chemists, etc. for implementation of the programme. Waterbase will also be
able to use CIBA’s technology in its own facilities.
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Q4FY18 v/s Q4 FY17
- Total Income stood at Rs. 66.8 crore, higher by 11.7%.
- PBT for the Quarter was Rs. 6.4 crore, against a PBT of Rs. 4.4 crore. Up by 45%
- PAT for the Quarter stood at Rs. 2.5 crore, versus a PAT of Rs. 2.8 crore
FY18 v/s FY17
- Total Income grew by 6.4% and stood at Rs. 344.3 crore.
- PBT grew by 171% and stood at Rs. 48.6 crore.
- PAT grew by 158% and is at Rs. 29.9 crore.
Commenting on the results, Mr. Ramakanth V. Akula, CEO said, "FY18 has been a landmark year for Waterbase. A concerted focus on the shrimp feed business and leveraging our expanded distribution network has led to strong volume growth which, supported by benign raw material prices, has propelled the Company to deliver its highest ever annual profit.
In addition, we have made significant progress towards launching our first Vannamei hatchery even as we concluded the amalgamation with Pinnae Feeds, thereby streamlining our business operations. The year also saw customers responding favorably to our range of farm care products under the brand ‘Baylife’ which has strengthened our competitive offering.
With an enhanced base for shrimp feed, wider distribution network and improved offerings comprising hatchery and ancillary products, we have created a strong platform to address the steadily growing opportunity in the aquaculture industry in India. Our Board has recommended a dividend of Rs. 1.50 per share to sustain the focus on value creation for our stakeholders."
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Is this fall has some relation with the news flashed on 18th of March
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I read the article in telugu newspaper on what andhra CM said. The power cost has been reduced to 2rs from 4rs/unit. CM also said he asked feed producers to reduce prices and they agreed to it (no more details on that). CM also told the unregulated creation of shrimp ponds everywhere and anywhere is not good. He said it would be good to designate specific places for shrimp ponds.
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Seafood exports top $7-bn mark, frozen shrimp accounts for 69% of dollar earnings
great results
EBITDA margin at 19 % , volume growth of 22%
however the management outlook for the second quarter is a bit negative.
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if you remove the insurance claim refund of 3,54 cr, the EBITDA margins are lower.
Good Q2 results shown by Avanti. Eye on Waterbase now. Popping up the thread so that experts on Waterbase can advise on deep contexts and facts.
Disc: Invested in Waterbase in small quantities, interested to make 2nd round of position soon post Q2 results.
Shrimp feed demand has been soft due to early monsoons. They have passed on certain price inflation which is still insufficient to restore earlier gross margins. Management interaction below
Disclosure: Not invested (no transactions in last-30 days)
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