Zodiac Energy Ltd
Incorporated in 1992, Zodiac Energy Ltd is in the business of installing Solar Power Generation Plant[1]
- Market Cap ₹ 623 Cr.
- Current Price ₹ 412
- High / Low ₹ 725 / 318
- Stock P/E 30.6
- Book Value ₹ 64.0
- Dividend Yield 0.18 %
- ROCE 20.2 %
- ROE 27.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 46.1% CAGR over last 5 years
- Debtor days have improved from 93.5 to 51.1 days.
- Company's median sales growth is 47.2% of last 10 years
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
10 | 9 | 9 | 17 | 38 | 63 | 68 | 100 | 143 | 138 | 220 | 408 | 426 | |
9 | 8 | 9 | 16 | 35 | 58 | 63 | 93 | 134 | 130 | 201 | 371 | 384 | |
Operating Profit | 0 | 0 | 1 | 1 | 3 | 5 | 5 | 7 | 9 | 8 | 19 | 37 | 43 |
OPM % | 4% | 4% | 6% | 5% | 8% | 8% | 7% | 7% | 6% | 5% | 9% | 9% | 10% |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 4 | 9 | 12 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 4 |
Profit before tax | 0 | 0 | 0 | 0 | 3 | 5 | 4 | 6 | 8 | 4 | 15 | 28 | 28 |
Tax % | 31% | 17% | 31% | 31% | 27% | 31% | 30% | 26% | 28% | 27% | 26% | 27% | |
0 | 0 | 0 | 0 | 2 | 3 | 3 | 4 | 5 | 3 | 11 | 20 | 20 | |
EPS in Rs | 0.61 | 0.28 | 0.61 | 1.39 | 1.37 | 2.12 | 2.05 | 3.02 | 3.73 | 2.18 | 7.50 | 13.23 | 13.46 |
Dividend Payout % | 20% | 44% | -0% | -0% | -0% | 59% | -0% | -0% | -0% | -0% | -0% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 47% |
5 Years: | 43% |
3 Years: | 42% |
TTM: | 60% |
Compounded Profit Growth | |
---|---|
10 Years: | 82% |
5 Years: | 46% |
3 Years: | 54% |
TTM: | 63% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 119% |
3 Years: | 45% |
1 Year: | -42% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 21% |
3 Years: | 23% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.88 | 0.88 | 0.88 | 0.88 | 7 | 7 | 7 | 15 | 15 | 15 | 15 | 15 |
Reserves | 0 | 0 | 0 | 1 | 10 | 13 | 16 | 13 | 18 | 21 | 33 | 81 |
3 | 3 | 3 | 4 | 1 | 4 | 6 | 13 | 18 | 46 | 41 | 175 | |
3 | 2 | 1 | 3 | 3 | 4 | 14 | 16 | 28 | 13 | 28 | 31 | |
Total Liabilities | 7 | 7 | 6 | 8 | 21 | 28 | 43 | 56 | 79 | 95 | 116 | 302 |
1 | 1 | 1 | 0 | 1 | 0 | 1 | 2 | 3 | 3 | 4 | 92 | |
CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 7 |
Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
7 | 6 | 5 | 7 | 20 | 28 | 43 | 53 | 76 | 92 | 111 | 203 | |
Total Assets | 7 | 7 | 6 | 8 | 21 | 28 | 43 | 56 | 79 | 95 | 116 | 302 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | -8 | -6 | -0 | -4 | 2 | -23 | 16 | -49 | ||||
0 | -1 | 1 | -1 | -2 | -4 | -3 | -5 | -105 | ||||
0 | 11 | 3 | 1 | 6 | 3 | 25 | -10 | 153 | ||||
Net Cash Flow | 0 | 2 | -2 | 0 | 0 | 1 | -1 | 1 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 195 | 206 | 133 | 108 | 100 | 102 | 136 | 83 | 78 | 110 | 120 | 51 |
Inventory Days | 59 | 49 | 69 | 41 | 54 | 44 | 77 | 82 | 88 | 52 | 28 | 56 |
Days Payable | 148 | 96 | 49 | 35 | 10 | 12 | 30 | 45 | 59 | 14 | 29 | 11 |
Cash Conversion Cycle | 106 | 159 | 153 | 113 | 144 | 134 | 183 | 120 | 106 | 148 | 119 | 96 |
Working Capital Days | 92 | 86 | 111 | 18 | 131 | 109 | 113 | 88 | 82 | 67 | 52 | 61 |
ROCE % | 9% | 6% | 12% | 16% | 26% | 23% | 19% | 20% | 20% | 11% | 22% | 20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
2d - Acquired 50% stake in Dhwarkesh Solar Projects LLP on Aug 22, 2025; Rs.10,000 contribution; associate.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Aug - Newspaper Publication for Unaudited Standalone & Consolidated Financial Result for the quarter ended on June 30, 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
12 Aug - Zodiac Energy appoints SCS & Co. LLP as Secretarial Auditor for 2025-30, subject to AGM approval.
-
Announcement under Regulation 30 (LODR)-Acquisition
12 Aug - Zodiac Energy acquires 51% stake in solar LLP, making it a subsidiary, expanding renewable energy business.
-
Announcement under Regulation 30 (LODR)-Change in Management
12 Aug - Appointment of Manubhai Shah & LLP as internal auditor for FY 2025-26.
Annual reports
Concalls
-
May 2025TranscriptNotesPPT
-
Aug 2024TranscriptPPT
Business Overview:[1][2]
ZEL is an Energy Solution Provider based in Ahmedabad. Company uses solar energy to provide turnkey solutions from concept to commissioning power companies. It does Design, supply, installation, Testing and Commissioning (EPC) and Operation and Maintenance (O&M) in:
a) Residential rooftop
b) Commercial & Industrial rooftop
c) Ground Mounted Captive Projects
Company has served 10,000+ customers and installed more than 100,000 KW Rooftop solar power plants up to FY22