Waterways Leisure Tourism Limited share price

NSE: CORDELIA · ISIN INE0LZF01039

Key numbers

Market cap
₹ 7,617 Cr
Current price
₹ 105.21
52-week high / low
₹ 119 / 62
Stock P/E
146.1
Book value
₹ 1.2
Dividend yield
0.00%
ROCE
60.1%
ROE
92.1%
Debt to equity
1.47
Sales growth (3 yrs)
6.3%
Profit growth (3 yrs)
-1.9%
1-year return
-

About Waterways Leisure Tourism Limited

Waterways Leisure Tourism Limited operates a domestic ocean cruise vessel in India. The company offers a diverse range of experiences, including food, a children's academy, a gaming arcade, a spa and salon, retail outlets, a casino, a fitness center, a rock-climbing wall, and swimming pools. It also provides specialized arrangements for meetings, incentives, conferences, and exhibitions (MICE) events, as well as weddings, with comprehensive services that include venue arrangements, catering, entertainment, and accommodation. Additionally, it offers the Cordelia Xperience application, which provides information related to decks and rooms, and allows users to update guest details and generate boarding passes. The company operates one cruise vessel, the MV Empress, under the brand name Cordelia Cruises. The company was incorporated in 2020 and is based in Mumbai, India. Waterways Leisure Tourism Limited operates as a subsidiary of Global Shipping and Leisure Limited.

Quarterly results

Consolidated figures in ₹ crores

Mar 2025
Sales181
Operating profit75
Net profit29
EPS (₹)-

Concall summary (2026-07-28)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • Email - waterwaysleisure2021@gmail.com/cs@waterways-leisure.com| Website - www.cordeliacruises.com *Confidentiality Notice: This letterhead including supporting enclosures (if any) are intended for the use of the recipient(s) only and may contain confidential or privileged information.
  • We expect a year of revenue and earnings growth driven by consumer preference for our cruise brand and expanding our new destinations.

Growth & demand

  • While the revenue environment saw moderation increase over last year, demand for cruising in India remained strong, as we served more than 55,700 guests and 24,245 staterooms booked during the quarter reflecting a growth of around 10% over last year Q1.
  • Looking forward to remain optimistic about the growth of cruise vacations in India and with our scale, network and fit-for-purpose fleet, we remain committed to serve the growing demand.

Margins & costs

  • With the higher fuel costs, we report a net profit of Rs.22.77 Crores on a consolidated basis and a net profit margin of around 12% for the quarter ended June 2026.
  • When we talk about EBITDA, so the major driver is the fuel cost, except there are changes in the manpower cost with a small percentage, which is related to largely because our employee salaries are driven by global standard, so there is a slight increase in the employee cost.

Capex & expansion

  • We are testing that with a lower passenger capacity to see if the destinations, the ports, the infrastructure, and the shore excursion program are able to fulfill our demand.

Risks & challenges

  • The first quarter was shaped by the geopolitical situation in the Middle East that created huge headwinds for the entire global cruise sector and the entire transportation industry driven by extremely high fuel costs.
  • Despite these industry wide impacts and headwinds, we report a load factor of 105% for Q1 with an increase of 4.3% of average ticket price versus Q1 2025.

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